BLACKHAWK TECHNICAL COLLEGE FOUNDATION INC

EIN: 391391659 501(c)(3)

JANESVILLE, WI

Total Revenue
$1,445,518
Total Expenses
$482,071
Total Assets
$8,074,507
Net Assets
$8,073,718
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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
WI
Principal Officer
DAVID HOLTERMAN
Phone
6087577704
Tax Period
2023-07-01 to 2024-06-30

BLACKHAWK TECHNICAL COLLEGE FOUNDATION INC, founded in 1978, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $963K, a strong 67% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $75,096 Revenue: $54,711

THE BLACKHAWK TECHNICAL COLLEGE FOUNDATION PROVIDES CAPITAL ASSETS TO BLACKHAWK TECHNICAL COLLEGE TO ENHANCE AND SUPPORT INSTRUCTIONAL PROGRAMMING. THESE ASSETS INCLUDE FUNDING FOR EQUIPMENT...

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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.

Program 2
Expenses: $234,258 Revenue: $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...

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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.

Program 3
Expenses: $12,157 Revenue: $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...

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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.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,187,505
Program Service Revenue $54,711
Investment Income $205,602
Other Revenue $-2,300
TOTAL REVENUE $1,445,518

Expense Breakdown

Grants Paid $321,511
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $321,511
Other Expenses $160,560
TOTAL EXPENSES $482,071

Year-over-Year Comparison

2023 2022 Change
Revenue $1,445,518 $8,496,829 -0.8%
Expenses $482,071 $7,465,860 -0.9%
Net Income $963,447 $1,030,969 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID HOLTERMAN PRESIDENT 1.00
Officer Director
$0 $0 $0
JILL LEITZEN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
FRANK MCKEARN TREASURER 1.00
Officer Director
$0 $0 $0
SUE RIPSCH SECRETARY 1.00
Officer Director
$0 $0 $0
GRETCHEN BURGESS DIRECTOR 1.00
Director
$0 $0 $0
SHARON COX DIRECTOR 1.00
Director
$0 $0 $0
GEORGE CULLEN DIRECTOR 1.00
Director
$0 $0 $0
GREGG DICKINSON DIRECTOR 1.00
Director
$0 $0 $0
JEFF GARDE DIRECTOR 1.00
Director
$0 $0 $0
RENAE HENRY DIRECTOR 1.00
Director
$0 $0 $0
JAMES NEMETH DIRECTOR (TERMED 7/23) 1.00
Director
$0 $0 $0
KARA SANKEY DIRECTOR 1.00
Director
$0 $0 $0
ANGELA SLAGLE DIRECTOR 1.00
Director
$0 $0 $0
PHIL WHITEHEAD DIRECTOR 1.00
Director
$0 $0 $0
LISA HURDA EXECUTIVE DIRECTOR 16.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,445,518 $482,071 $8,074,507 $963,447
2023 $8,496,829 $7,465,860 $6,871,871 $1,030,969
2022 $1,474,077 $533,857 $7,679,210 $940,220
2021 $1,101,639 $577,139 $7,388,442 $524,500
2020 $1,160,479 $426,161 $6,534,214 $734,318
2019 $1,284,981 $357,562 $4,645,189 $927,419
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