2025-04-25T12:59:07-05:00 2024-06-30 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2023-07-01 391391659 BLACKHAWK TECHNICAL COLLEGE FOUNDATION INC BLAC 6087577704 PO BOX 5009 6004 S COUNTY ROAD G JANESVILLE WI 53546 DAVID HOLTERMAN PRESIDENT 6087577704 2025-04-25 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2025-04-25 2023 2025-03-06 01:10:19Z DAVID HOLTERMAN PO BOX 5009 6004 S COUNTY ROAD G JANESVILLE WI 53546 1642725 0 X WWW.BLACKHAWK.EDU/FOUNDATION X 1978 WI TO ATTRACT AND DEVELOP RESOURCES TO SUPPLEMENT AND ENHANCE THE EDUCATIONAL OBJECTIVES OF THE DISTRICT 13 13 0 13 0 0 944596 1187505 368118 54711 7191937 205602 -7822 -2300 8496829 1445518 7128204 321511 0 0 0 0 0 0 0 337656 160560 7465860 482071 1030969 963447 6871871 8074507 0 789 6871871 8073718 X THE PURPOSE OF THE FOUNDATION IS TO RECEIVE, HOLD, MANAGE, USE AND DISPOSE OF FUNDS AND PROPERTIES OF ALL KINDS, WHETHER GIVEN ABSOLUTELY OR IN TRUST FOR THE BENEFIT OF BLACKHAWK TECHNICAL COLLEGE DISTRICT, A WISCONSIN VOCATIONAL, TECHNICAL AND ADULT EDUCATIONAL SCHOOL SYSTEM, OR FOR ANY OR ALL THE EDUCATIONAL AND CHARITABLE MOVEMENTS OR ACTIVITIES THAT MAY BE CONDUCTED BY BLACKHAWK TECHNICAL COLLEGE DISTRICT, MORE SPECIFICALLY TO FINANCE EQUIPMENT AND FACILITIES, TO IMPROVE GROUNDS, TO ENDOW SCHOLARSHIPS, TO MAKE EQUIPMENT AND LIBRARY ACQUISITIONS, AND TO SUPPLEMENT ALL OF THE SERVICES WHICH BLACKHAWK TECHNICAL COLLEGE DISTRICT RENDERS TO SOCIETY WHERE STATE AND DISTRICT APPROPRIATE TAX FUNDS ARE NOT AVAILABLE, SUFFICIENT OR ADEQUATE TO FULLY PROVIDE THE SERVICES WHICH BLACKHAWK TECHNICAL COLLEGE DISTRICT SHOULD OR COULD RENDER TO SOCIETY. 0 0 75096 75096 54711 THE BLACKHAWK TECHNICAL COLLEGE FOUNDATION PROVIDES CAPITAL ASSETS TO BLACKHAWK TECHNICAL COLLEGE TO ENHANCE AND SUPPORT INSTRUCTIONAL PROGRAMMING. THESE ASSETS INCLUDE FUNDING FOR EQUIPMENT, TECHNOLOGY, FACILITIES, AND OTHER INFRASTRUCTURE ESSENTIAL TO DELIVERING HIGH-QUALITY EDUCATION. BY INVESTING IN CAPITAL IMPROVEMENTS, THE FOUNDATION ENABLES THE COLLEGE TO OFFER CUTTING-EDGE LEARNING ENVIRONMENTS AND RESOURCES, FOSTERING ACADEMIC EXCELLENCE AND ENSURING THAT STUDENTS RECEIVE TRAINING ON INDUSTRY-STANDARD EQUIPMENT. THIS SUPPORT DIRECTLY CONTRIBUTES TO THE COLLEGE'S ABILITY TO MAINTAIN AND EXPAND ITS EDUCATIONAL OFFERINGS, MEETING THE EVOLVING NEEDS OF STUDENTS AND THE COMMUNITY. 234258 234258 0 THE BLACKHAWK TECHNICAL COLLEGE FOUNDATION ADMINISTERS A COMPREHENSIVE SCHOLARSHIP PROGRAM TO SUPPORT THE EDUCATIONAL PURSUITS OF ITS STUDENTS. SCHOLARSHIPS ARE AWARDED BASED ON A RANGE OF CRITERIA, INCLUDING ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND PROGRAM-SPECIFIC REQUIREMENTS. BY PROVIDING FINANCIAL ASSISTANCE, THE FOUNDATION AIMS TO ALLEVIATE THE ECONOMIC BARRIERS TO HIGHER EDUCATION, THEREBY PROMOTING STUDENT SUCCESS AND RETENTION. THE SCHOLARSHIP PROGRAM SUPPORTS STUDENTS IN ACHIEVING THEIR ACADEMIC AND CAREER GOALS, CONTRIBUTING TO THE DEVELOPMENT OF A SKILLED AND EDUCATED WORKFORCE. 12157 12157 0 THE BLACKHAWK TECHNICAL COLLEGE FOUNDATION OFFERS STUDENT EMERGENCY ASSISTANCE GRANT AWARDS DESIGNED TO SUPPORT STUDENTS FACING UNEXPECTED FINANCIAL CHALLENGES. THESE GRANT AWARDS PROVIDE TIMELY FINANCIAL RELIEF TO STUDENTS EXPERIENCING EMERGENCIES THAT MAY OTHERWISE HINDER THEIR ABILITY TO CONTINUE THEIR EDUCATION. BY ADDRESSING CRITICAL NEEDS SUCH AS HOUSING, TRANSPORTATION, CHILDCARE, AND OTHER ESSENTIAL EXPENSES, THE PROGRAM HELPS STUDENTS REMAIN FOCUSED ON THEIR STUDIES AND STAY ON TRACK TOWARD DEGREE COMPLETION. THIS INITIATIVE UNDERSCORES THE FOUNDATION'S COMMITMENT TO STUDENT SUCCESS AND THE REDUCTION OF BARRIERS TO ACADEMIC ACHIEVEMENT. 321511 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 WI X X JIM NEMETH 6087577704 PO BOX 5009 6004 S COUNTY ROAD G JANESVILLE WI 53546 X DAVID HOLTERMAN PRESIDENT 1.00 X X 0 0 0 JILL LEITZEN VICE PRESIDENT 1.00 X X 0 0 0 FRANK MCKEARN TREASURER 1.00 X X 0 0 0 SUE RIPSCH SECRETARY 1.00 X X 0 0 0 GRETCHEN BURGESS DIRECTOR 1.00 X 0 0 0 SHARON COX DIRECTOR 1.00 X 0 0 0 GEORGE CULLEN DIRECTOR 1.00 X 0 0 0 GREGG DICKINSON DIRECTOR 1.00 X 0 0 0 JEFF GARDE DIRECTOR 1.00 X 0 0 0 RENAE HENRY DIRECTOR 1.00 X 0 0 0 JAMES NEMETH DIRECTOR (TERMED 7/23) 1.00 X 0 0 0 KARA SANKEY DIRECTOR 1.00 X 0 0 0 ANGELA SLAGLE DIRECTOR 1.00 X 0 0 0 PHIL WHITEHEAD DIRECTOR 1.00 X 0 0 0 LISA HURDA EXECUTIVE DIRECTOR 16.00 X 0 0 0 0 0 0 0 0 0 0 0 13982 1173523 95191 1187505 ADMINISTRATIVE FEE 561000 54711 54711 54711 185482 185482 211901 191781 20120 20120 20120 3126 13982 5426 -2300 -2300 1445518 54711 0 203302 X 75096 75096 246415 246415 5065 5065 22252 22252 74433 74433 39553 39553 1063 1063 12498 12498 5696 5696 482071 321511 160560 0 338870 0 1963904 3020502 481220 372479 27036 6793 894367 728277 12498 12623 321106 6577 314529 314529 2241569 2910231 597878 709073 6871871 8074507 0 789 0 789 X 2297244 2574894 4574627 5498824 6871871 8073718 6871871 8074507 963447 238400 0 X 0 1 X 1 0 X 579316 653905 869712 944596 1187505 4235034 579316 653905 869712 944596 1187505 4235034 1077339 3157695 66662 61182 100900 165116 185482 579342 12714 2449 15163 4829539 1511824 0.65380 0.79270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2492561 449272 270561 60361 3152033 2196086 156464 180832 40821 2492561 2355116 124509 -254020 29519 2196086 1920436 43970 436770 46060 2355116 1879466 10551 57081 26662 1920436 0.00160 0.64910 0.34930 0 0 314529 314529 6577 6577 0 314529 FIDELITY 500 INDEX FUND 709073 F 709073 X 1734373 238400 67281 305681 1428692 22252 -5426 16826 1445518 532526 67281 5426 72707 459819 22252 22252 482071 PART V, LINE 4: ENDOWMENT FUNDS ARE TO BE USED TO FUND SCHOLARSHIPS FOR STUDENTS ATTENDING BLACKHAWK TECHNICAL COLLEGE, GRANTS, AND EDUCATIONAL PROGRAMMING FOR STUDENTS AND STAFF. PART X, LINE 2: AS A NONPROFIT ORGANIZATION, THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE TAX-EXEMPT STATUS IS BASED UPON THE STATED PURPOSE OF THE OPERATIONS AND SUPPORTING EVIDENCE PRESENTED TO THE INTERNAL REVENUE SERVICE WITH THE APPLICATION FOR TAX-EXEMPT STATUS. SUCH STATUS IS SUBJECT TO REEVALUATION SHOULD THERE BE CHANGES IN OPERATIONS, CHARACTER, OR PURPOSE OF THE FOUNDATION. THE FOUNDATION IS ALSO EXEMPT FROM STATE INCOME TAXES UNDER SIMILAR STATE RULES. THE FOUNDATION RECORDED NO ASSETS OR LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS IN 2024. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -5,426. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 5,426. HARVEST DINNER 14495 12790 1705 1700 1705 600 SOUL FOOD LUNCH 2613 1192 1421 1421 17108 13982 3126 1700 1705 1421 600 5426 -2300 1 BLACKHAWK TECHNICAL COLLEGE 6004 S COUNTY ROAD G JANESVILLE WI 53547 391104435 GOV 0 75096 FMV EQUIPMENT AND MATERIALS COLLEGE OPERATIONS 1 0 SCHOLARSHIPS 131 234258 EMERGENCY ASSISTANCE 22 12157 PART I, LINE 2: APPLICATION FOR FUNDS ARE RECEIVED AND SCREENED FOR QUALIFICATION. GRANTS ARE AWARDED UP TO PRE-ESTABLISHED LIMIT WHEN APPLICANT MEETS QUALIFICATIONS. SCHOLARSHIP APPLICATIONS ARE REVIEWED AND RANKED BY THE SCHOLARSHIP COMMITTEE WITH FUNDING AWARDED TO HIGHEST RATED QUALIFIED APPLICANT. THE FOUNDATION APPOINTS A BUSINESS AGENT TO MONITOR ALL FUNDS AND EXPEND THEM WITHIN THE GUIDELINES OF THE DONOR AGREEMENT OR APPROVAL OF THE BOARD. X 1 20095 FAIR MARKET VALUE X VARIOUS EQUIPMENT 24 75096 FAIR MARKET VALUE 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A MEMO OF UNDERSTANDING (MOU) WITH BLACKHAWK TECHNICAL COLLEGE TO PARTIALLY PAY FOR EMPLOYEES CONTRACTED AS THE EXECUTIVE DIRECTOR. THE PAYMENT OBLIGATION IN THE MOU WAS SUSPENDED AND THE SERVICES WERE CONTRIBUTED AS IN-KIND FOR FY 2024. THERE IS AN INTENTION IN FUTURE YEARS TO HAVE THE FOUNDATION GO BACK TO REIMBURSING FOR THESE EXPENSES, AT A DATE TO BE DETERMINED. FOR FY 2024 THE ORGANIZATION WAS GIFTED IN TOTAL $67,281 IN SERVICES. OF WHICH, $43,037 WAS FOR THE SERVICES OF LISA HURDA WHO IS PERFORMING THE TOP ADMINISTRATIVE ROLE FOR THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS DISTRIBUTED TO BOARD MEMBERS WHO REVIEWED AND APPROVED THE FORM PRIOR TO FINAL SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEETING AGENDA ITEM CALLS FOR THE DISCLOSURE OF CONFLICT OF INTEREST WITH ANY BUSINESS TO BE CONDUCTED BY THE BOARD. THE DISCLOSURE OF CONFLICT APPLIES TO ALL BOARD OF DIRECTOR MEMBERS AND THE EXECUTIVE DIRECTOR OF ADVANCEMENT. THE LEVEL OF DETERMINATION IS BASED UPON WHETHER A BOARD MEMBER HAS AN INTEREST IN AN ACTION BEFORE THE BOARD EITHER DIRECTLY OR INDIRECTLY (I.E. EMPLOYER, SPOUSE, ETC). CONFLICTS ARE DISCLOSED BY THE MEMBER AND DISCUSSION ENSUES TO DETERMINE WHETHER AN ACTUAL CONFLICT EXISTS, IF CONFLICT IS DETERMINED TO EXIST, THE RESPECTIVE BOARD MEMBER EXITS THE MEETING FOR THE DURATION OF DISCUSSION AND DECISION ON SUCH MATTER. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND THE FORM 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 74,433. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,433.