EIN 39-1039417

Wisconsin Association of Independent Colleges and Universities

IRS 501(c) type
501(c)(3)
Num. employees
17
Year formed
1962
Most recent tax filings
2024-06-01
Description
WAICU promotes and facilitates services for private nonprofit colleges in Wisconsin, including joint admission programs and collaborative administrative support.
Total revenues
$4,855,014
2024
Total expenses
$4,153,489
2024
Total assets
$24,580,901
2024
Num. employees
17
2024

Program areas at Wisconsin Association of Independent Colleges and Universities

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.
The organization manages six endowed scholarship programs valued at approximately $15.9 million. These scholarships allow many students to continue their college education. The organization awards on an annual basis approximately $900,000 to 90 private college students.
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.
Advocacy and research.

Who funds Wisconsin Association of Independent Colleges and Universities

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Rath FoundationSupport for Development of Independent Colleges & Universities in Wisconsin$368,500
Theodore W. Batterman Family FoundationWaicu Nonprofit Internship Program$116,667
Council of Independent Colleges (CIC)Grant To State Councils$73,558

Personnel at Wisconsin Association of Independent Colleges and Universities

NameTitleCompensation
Eric W. FulcomerChief Executive Officer$12,885
Elizabeth SimonSenior Vice President for Finance and Operations$152,012
Liza SimonInterim President$71,655
Rebecca LarsonExecutive Vice President$160,094
Bill SchultzExecutive Director of Waicu Educational Technology Consortium
...and 9 more key personnel

Financials for Wisconsin Association of Independent Colleges and Universities

RevenuesFYE 06/2024
Total grants, contributions, etc.$777,939
Program services$2,963,299
Investment income and dividends$652,264
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$457,643
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,869
Total revenues$4,855,014

Form 990s for Wisconsin Association of Independent Colleges and Universities

Fiscal year endingDate received by IRSFormPDF link
2024-062024-11-14990View PDF
2023-062023-11-13990View PDF
2022-062022-11-01990View PDF
2021-062021-11-05990View PDF
2020-062021-02-26990View PDF
...and 11 more Form 990s
Data update history
June 14, 2024
Updated personnel
Identified 2 new personnel
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $73,558 from Council of Independent Colleges (CIC)
January 3, 2024
Received grants
Identified 1 new grant, including a grant for $368,500 from Rath Foundation
December 24, 2023
Posted financials
Added Form 990 for fiscal year 2023
December 24, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Trade associationsBusiness and community development organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
EducationCommunity improvementBusiness and industry
Characteristics
MembershipsPolitical advocacyLobbyingState / local levelEndowed supportProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
122 W Washington Ave 700
Madison, WI 53703
Metro area
Madison, WI
County
Dane County, WI
Website URL
wisconsinsprivatecolleges.org/info/waicu-info/ 
Phone
(608) 256-7761
IRS details
EIN
39-1039417
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1962
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B03: Education Professional Societies and Associations
NAICS code, primary
813910: Trade Associations
Parent/child status
Central organization
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