2025-10-23T14:13:21-05:00 2025-06-30 393647910 WIPFLI ADVISORY LLC 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2024-07-01 391313438 NORTHWOOD TECHNICAL COLLEGE FOUNDATION INC NORT 7157311265 1900 COLLEGE DRIVE RICE LAKE WI 54868 KIM PEARSON EXECUTIVE DIRECTOR 7157311265 2025-10-22 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2025-10-22 2024 2025-03-06 01:10:19Z KIM PEARSON 1900 COLLEGE DRIVE RICE LAKE WI 54868 1280253 0 X WWW.NORTHWOODTECH.EDU/FOUNDATION X 1978 WI THE NORTHWOOD TECHNICAL COLLEGE FOUNDATION PROVIDES SUPPORT TO PROMOTE, DEVELOP, AND EXPAND QUALITY EDUCATION AND SERVICES OF NORTHWOOD TECH AND TO ENCOURAGE THE SUCCESS AND ACHIEVEMENT OF NORTHWOOD TECH STUDENTS, FACULTY, STAFF AND ALUMNI. 11 11 0 100 0 0 1125491 770434 0 0 186989 306743 0 0 1312480 1077177 1205867 380993 0 0 0 0 0 0 2276 166375 143921 1372242 524914 -59762 552263 6412346 7315739 67155 72304 6345191 7243435 X THE NORTHWOOD TECHNICAL COLLEGE FOUNDATION PROVIDES SUPPORT TO PROMOTE, DEVELOP, AND EXPAND QUALITY EDUCATION AND SERVICES OF NORTHWOOD TECH AND TO ENCOURAGE THE SUCCESS AND ACHIEVEMENT OF NORTHWOOD TECH STUDENTS, FACULTY, STAFF AND ALUMNI. 0 0 228996 228996 0 SCHOLARSHIPSIN FY25, THE FOUNDATION ISSUED 531 AWARDS TOTALING $228,996, WITH AN AVERAGE AWARD OF MORE THAN $500 EACH. 62587 62587 0 OTHER STUDENT SUPPORTTHE FOUNDATION PROVIDES GAS AND GROCERY CARDS OF $25 EACH FOR STUDENTS WHO WOULDN'T OTHERWISE HAVE THE FUNDS TO DRIVE TO CLASS OR PURCHASE GROCERIES; WE ALSO COVER GED FEES, NUTRITION BASKETS, MEAL VOUCHERS, AND A PANTRY FOR FOOD, SCHOOL SUPPLIES, AND BASIC HOUSEHOLD GOODS ON 3 OF OUR 4 MAIN CAMPUSES. THE TOTAL PROVIDED FOR THESE ITEMS IN FY25 WAS $62,587 53273 53273 0 INSTITUTIONAL SUPPORT$53,273 WAS PAID TO THE COLLEGE FROM GRANTS TO SUPPORT PROGRAM EQUIPMENT, AS WELL AS RECRUITMENT AND RETENTION ACTIVITIES. 23000 23000 0 CAPITAL CAMPAIGNTHE SECOND YEAR OF THE CAPITAL CAMPAIGN TO SUPPORT THE MEDICAL LABORATORY EDUCATION CENTER, WHICH HOUSES THE MEDICAL LABORATORY TECHNICIAN PROGRAM, RESULTED IN A GRANT FOR $23,000 PAID TO THE COLLEGE FOR RELATED EXPENSES. 13137 13137 0 EMERGENCY GRANTSSTUDENTS IN NEED OF EMERGENCY SUPPORT RECEIVED $13,137 IN GRANTS TO REMOVE FINANCIAL BARRIERS. 3091 0 0 STAFF DEVELOPMENTSTAFF HAVE THE OPPORTUNITY TO APPLY FOR PROFESSIONAL DEVELOPMENT GRANTS EACH FALL. LAST YEAR, THE FOUNDATION PROVIDED $3,091 TO COVER EXPENSES RELATED TO STAFF TRAINING. 39228 36137 0 384084 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 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 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 0 0 0 WI X X KIM PEARSON 7154751135 600 N 21ST STREET SUPERIOR WI 54880 X SHAY HORTON PRESIDENT 1.00 X X 0 0 0 HEATHER MCABEE VICE PRESIDENT 1.00 X X 0 0 0 KEVIN BOREEN TREASURER 1.00 X X 0 0 0 BRAD GINGRAS SECRETARY 1.00 X X 0 0 0 LORI LABEREE BOARD LIAISON 1.00 X 0 0 0 BECKY BIRCHMEIER MEMBER 1.00 X 0 0 0 ROB BUEHLER MEMBER 1.00 X 0 0 0 GREG CHRISTENSON MEMBER 1.00 X 0 0 0 KEN DISHER MEMBER 1.00 X 0 0 0 KEVIN JACOBSON MEMBER 1.00 X 0 0 0 ROBERTA LINDEMANN MEMBER 1.00 X 0 0 0 KIMBERLY PEARSON EXECUTIVE DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 770434 770434 162198 162198 347621 203076 144545 144545 144545 1077177 0 0 306743 X 76273 76273 304720 304720 9324 9324 37696 37696 67650 67650 7624 7624 2001 2001 2216 2216 ALUMNI DEVELOPMENT 3091 3091 AMBASSADOR PROGRAM 2754 2754 CULTIVATION EXPENSE 1785 1785 9780 9289 491 524914 384084 138554 2276 1220 1470 53874 338434 1752 1401 6355500 6974434 6412346 7315739 67155 72304 67155 72304 X 62757 154409 6282434 7089026 6345191 7243435 6412346 7315739 552263 345981 0 X 0 1 X 1 0 X 474424 538940 405552 1125491 770434 3314841 88307 83905 78488 66615 94411 411726 562731 622845 484040 1192106 864845 3726567 834582 2891985 93320 98327 102842 179761 162198 636448 2485 1979 2670 7134 4370149 0.66180 0.61830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5840893 436902 513088 234368 6556515 5214229 137783 945251 456370 5840893 4833255 213462 287853 120341 5214229 5559972 75602 -613797 188522 4833255 4647570 104234 930071 121903 5559972 0.00000 0.80066 0.19934 0 0 0 1479873 345981 94411 440392 1039481 37696 37696 1077177 581629 94411 94411 487218 37696 37696 524914 PART V, LINE 4: THERE ARE TWO MAIN USES FOR THE FOUNDATION'S ENDOWMENT FUNDS. FIRST, TO PROVIDE STUDENT SCHOLARSHIPS DESIGNATED SPECIFICALLY BY THE DONORS FOR THIS PURPOSE. SECOND, FOR GENERAL OPERATIONAL SUPPORT OF THE COLLEGE'S DEPARTMENTS, WHICH HAVE ALSO BEEN SPECIFICALLY DESIGNATED BY THE DONORS. 1 NORTHWOOD TECHNICAL COLLEGE 1900 COLLEGE DRIVE RICE LAKE WI 54868 391176625 GOV 53273 0 INSTITUTIONAL SUPPORT (TUITION, ENROLLMENT INCENTIVES, PROGRAM EQUIPMENT, ETC.) NORTHWOOD TECHNICAL COLLEGE 1900 COLLEGE DRIVE RICE LAKE WI 54868 391176625 GOV 23000 0 MEDICAL LABORATORY TECHNICIAN PROGRAM 1 0 SCHOLARSHIPS AND STUDENT SUPPORT 531 228996 STUDENT GRANTS 34 13137 OTHER ASSISTANCE (GAS AND GROCERY CARDS, TESTING FEES, NUTRITION, ETC.) 331 62587 PART I, LINE 2: STUDENT SCHOLARSHIPS ARE ADMINISTERED THROUGH THE NORTHWOOD TECHNICAL COLLEGE FOUNDATION FINANCIAL AID OFFICE. SCHOLARSHIP AWARDS ARE DEPOSITED DIRECTLY INTO THE STUDENT'S NORTHWOOD TECHNICAL COLLEGE FOUNDATION CAMPUS ACCOUNT. THE FINANCIAL AID OFFICE MONITORS ALL THE FINANCIAL AID THAT STUDENTS RECEIVE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS AN AUDIT OF ITS FINANCIAL RECORDS ANNUALLY IN WHICH THE FULL BOARD OF DIRECTORS REVIEW THE AUDITED FINANCIAL STATEMENTS AND APPROVE THE FINAL STATEMENTS. FROM THIS SET OF RECORDS, THE FOUNDATION REQUESTS THE AUDITING FIRM TO PREPARE THE 990 ON ITS BEHALF. AS PART OF THE PROCESS, THE FOUNDATION DIRECTOR REVIEWS THE TAX RETURN PRIOR TO SIGNING THE DOCUMENT AND BRINGS THE 990 TO THE EXECUTIVE BOARD CONSISTING OF THE PRESIDENT, VICE PRESIDENT AND TREASURER FOR THEIR REVIEW PRIOR TO THE BOARD VICE PRESIDENT'S SIGNATURE AND FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION PROVIDES FULL PUBLIC ACCESS TO THE POLICIES, PROCEDURES, AND ANY FINANCIAL STATEMENTS OF THE FOUNDATION. ALL ORGANIZATIONAL POLICIES, PROCEDURES AND FINANCIALS ARE AVAILABLE ON FILE AND ARE AVAILABLE THROUGH WRITTEN PUBLIC RECORDS REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 67,650. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 67,650.