Nonprofit · EIN 39-1039417
WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSIT
Tax-exempt · MADISON, WI 53703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,340,936 | $7,925,932 | $415,004 | $27,259,322 | $2,409,604 | $24,849,718 |
| June 30, 2024 | 990 | $4,855,014 | $4,153,489 | $701,525 | $24,580,901 | $1,410,325 | $23,170,576 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,338,212
- Program service revenue
- $2,979,754
- Investment income
- $1,019,862
- Net gain from sales of assets
- $98,002
- Other revenue
- $3,108
Expenses
- Grants and similar amounts paid
- $4,579,142
- Compensation of officers, directors and key employees
- $858,683
- Other salaries and wages
- $659,230
- Salaries, compensation and benefits (total)
- $1,897,526
- Professional fundraising fees
- $0
- Legal fees
- $11,342
- Accounting fees
- $179,813
- Occupancy
- $114,832
- Travel
- $38,163
- Depreciation
- $18,430
- Program services (functional)
- $7,179,359
- Management and general (functional)
- $641,615
- Fundraising (functional)
- $104,958
Balance sheet and other
- Total assets, start of year
- $24,580,901
- Total assets, end of year
- $27,259,322
- Total liabilities, end of year
- $2,409,604
- Net assets, end of year
- $24,849,718
- Land, buildings and equipment
- $25,436
- Publicly traded securities
- $21,145,485
- Net assets without donor restrictions
- $3,856,333
- Net assets with donor restrictions
- $20,993,385
- Gross receipts
- $10,116,539
- Employees
- 14
- Volunteers
- 22
- Year formed
- 1962
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC FULCOMER | PRESIDENT Officer | 40 | $350,482 | $65,262 |
| REBECCA LARSON | SR. VP FOR ADVOCACY Officer | 40 | $181,441 | $33,000 |
| JENNIFER DEHART | CHIEF OPERATING OFFICER Officer | 25 | $179,942 | $20,380 |
| SHANE KELLAR | EXECUTIVE DIRECTOR, WBC Highest-paid employee | 40 | $113,231 | $28,933 |
| AARON SADOFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD TRIETLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RENEE HERZING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURIE JOYNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURIE CARTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAUREN WHITNAH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIMO AH YUN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN WALZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN SWALLOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN RAYMOND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ISABELLE CHERNEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFREY MORIN | DIRECTOR Trustee or director | 1 | $0 |
| ERIC BOYNTON | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| CONNIE BOERST | DIRECTOR Trustee or director | 1 | $0 |
| CINDY GNADINGER | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTY BROWN | DIRECTOR Trustee or director | 1 | $0 |
| CHADWICK DAYTON | DIRECTOR Trustee or director | 1 | $0 |
| BETH BORGEN | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW MANION | DIRECTOR Trustee or director | 1 | $0 |
| ERIK ANKERBERG | DIRECTOR Trustee or director | 1 | $0 |
| VICTORIA FOLSE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC FULCOMER | PRESIDENT Officer | 40 | $338,767 | $35,434 |
| REBECCA LARSON | SR. VP FOR ADVOCACY Officer | 40 | $165,336 | $19,602 |
| JENNIFER DEHART | CHIEF OPERATING OFFICER Officer | 25 | $164,640 | $13,398 |
| SHANE KELLAR | EXECUTIVE DIRECTOR, WBC Highest-paid employee | 40 | $100,890 | $15,849 |
| ELIZABETH SIMON | SR. VP FOR FINANCE & OPERATIONS (THRU 5/12/23) Officer | 40 | $39,549 | $2,066 |
| CHRISTY BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CONNIE BOERST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC BOYNTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CINDY GNADINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN SWALLOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIK ANKERBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREW MANION | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RENEE HERZING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH BORGEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURIE CARTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AARON SADOFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIMO AH YUN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN RAYMOND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY MORIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN WALZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ISABELLE CHERNEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAUREN WHITNAH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHADWICK DAYTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VICTORIA FOLSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURIE JOYNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD TRIETLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 122 W WASHINGTON AVE STE 700, MADISON, WI 53703-2723
- Principal officer (990 for 2024)
- ERIC FULCOMER, 122 W WASHINGTON AVENUE 700, MADISON, WI 53703
- Signed the 990
- ERIC FULCOMER, PRESIDENT
- Phone
- (608) 256-7761
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
PROMOTE AND FACILITATE SERVICES TO WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES.
Program accomplishments
- THE WISCONSIN HIGHER EDUCATIONAL AIDS BOARD (HEAB), WHICH ADMINISTERS STATE-APPROPRIATED FUNDS FOR THESE STUDENTS ATTENDING OUR INSTITUTIONS, HAS EXHAUSTED ITS RESOURCES MIDWAY THROUGH THE SPRING SEMESTER. THIS HAS LEFT APPROXIMATELY 2,250 OF OUR NEEDIEST STUDENTS WITHOUT PROMISED FINANCIAL SUPPORT. PUSHING FUNDING TOWARDS THIS SHORTFALL TO HELP OUT THE STUDENTS.Expenses $3,714,327 · grants $3,714,327
- THE ORGANIZATION MANAGES SIX ENDOWED SCHOLARSHIP PROGRAMS VALUED AT APPROXIMATELY $17.5 MILLION. THESE SCHOLARSHIPS ALLOW MANY STUDENTS TO CONTINUE THEIR COLLEGE EDUCATION. THE ORGANIZATION AWARDS ON AN ANNUAL BASIS APPROXIMATELY $865,000 TO 110 PRIVATE COLLEGE STUDENTS. ES.Expenses $1,200,116 · grants $864,815
- ADVOCACY AND RESEARCHExpenses $993,170
- COLLABORATIVE SERVICES - WAICU COLLABORATIVE SERVICES IS A COMPREHENSIVE PROGRAM TO PERFORM ADMINISTRATIVE SUPPORT FUNCTIONS OF WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND UNIVERSITIES ON A COLLABORATIVE BASIS. THE OBJECTIVES ARE TO SAVE MONEY, TO IMPROVE THE QUALITY OF SERVICES TO STUDENTS, FACULTY, AND STAFF, AND TO SERVE AS A NATIONAL MODEL FOR CONTROLLING COLLEGE COSTS.Expenses $861,343 · revenue $2,982,862
- WAICU HAS ORGANIZED JOINT ADMISSIONS PROGRAMS SINCE 1978, FOCUSING ON CONTACTS WITH POTENTIAL STUDENTS AND THEIR PARENTS AND COUNSELORS EACH YEAR. WAICU'S ADMISSION PROGRAMS ARE SPECIFICALLY DESIGNED TO REINFORCE THE STUDENT RECRUITMENT EFFORTS OF MEMBERS. WAICU'S ROLE IS TO HIGHLIGHT THE AFFORDABILITY AND QUALITY OF WISCONSIN'S PRIVATE NONPROFIT COLLEGES AND TO CREATE OPPORTUNITIES FOR STUDENTS AND COUNSELORS TO CONSIDER PRIVATE NONPROFIT COLLEGES.Expenses $410,403
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1039417
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B40C)
- Assets (IRS master file)
- $27,259,322
- Income (IRS master file)
- $10,116,539
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,340,936 | $7,925,932 | $27,259,322 | XML |
| 990 | June 2024 | $4,855,014 | $4,153,489 | $24,580,901 | XML |
| 990 | June 2023 | $4,101,241 | $4,344,013 | $22,443,882 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1039417).
Questions about WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSIT
- What is the EIN of WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSIT?
- The employer identification number (EIN) of WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSIT is 39-1039417.
- Is WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSIT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSIT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSIT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSIT due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSIT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSIT?
- The 990 for the year ended June 30, 2025 names ERIC FULCOMER.
- Who are the officers and directors of WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSIT?
- The 990 for the year ended June 30, 2025 lists 26 people; 4 received compensation from the organization, the highest $350,482 (ERIC FULCOMER, PRESIDENT).
- How much revenue does WISCONSIN ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSIT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,340,936, expenses of $7,925,932 and total assets of $27,259,322 at year end.
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