Wctc Foundation Inc

What it reported doing in 2024

The wctc foundation, inc. Is a nonprofit organization organized exclusively to support waukesha county technical college ("wctc"), its educational programs, and its students through the solicitation, stewardship, investment, and distribution of charitable gifts, grants, scholarships, endowment funds, and bequests. The foundation advances student success, workforce development, and community impact by providing financial resources that enhance educational access, academic achievement, and career readiness.during the fiscal year ended june 30, 2025, the foundation expanded its support of wctc students and institutional initiatives through scholarships, capital campaign fundraising, donor engagement, student assistance programs, and strategic partnerships with businesses, community organizations, and philanthropic leaders. The foundation awarded more than $343,000 in scholarships through 512 scholarship awards benefiting 332 students across more than 170 academic programs. Scholarship support reduced financial barriers for students pursuing careers in healthcare, manufacturing, engineering, business, public safety, design, culinary arts, skilled trades, and other high-demand workforce fields. Awards ranged from $250 to more than $2,500 and included both general and donor-established named scholarships.the foundation also administered and expanded charitable giving opportunities through endowed scholarship funds, planned giving and legacy gifts, donor-advised support, targeted program contributions, and capital campaign initiatives. During the year, the foundation managed approximately $10.4 million in total assets, including more than $9.2 million in investments dedicated to supporting long-term educational and scholarship opportunities for wctc students and programs.in september 2024, the foundation launched a major capital campaign supporting wctc's applied artificial intelligence ("applied ai") initiatives and future workforce training expansion. The campaign received transformational early support through a $1 million commitment from joel quadracci and family and continued to generate substantial community and corporate support from regional employers, businesses, foundations, and philanthropic partners. Campaign proceeds will support the development of innovative educational spaces and technologies designed to prepare students for careers in emerging industries and strengthen workforce readiness throughout southeastern Wisconsin.the foundation further supported workforce development and instructional innovation through partnerships benefiting specialized learning environments and hands-on training initiatives. During the year, charitable support helped advance projects including the applied ai lab and the generac human patient simulation lab, which provides advanced simulation technology and experiential learning opportunities for emergency medical services, healthcare, and first responder training programs.the foundation continued to address student basic needs through support of the wctc campus cupboard, a free student food pantry serving students experiencing food insecurity. During the 20242025 academic year, campus cupboard usage increased by approximately 33%, reflecting increased student demand and awareness of available support services. Foundation funding and donor contributions helped provide food and essential resources that enabled students to remain focused on their education and persist toward degree completion.additional foundation activities during the year included fundraising events, donor stewardship initiatives, volunteer engagement, alumni and community outreach, and recognition programs honoring leadership and philanthropy in support of technical education. The foundation is governed by a volunteer board of directors and supported by staff and community advocates committed to strengthening educational opportunities, expanding access to workforce training, and supporting the long-term success of wctc stu

Financial Efficiency

• Mission deployment rate: 45.2%; rating input score 45
• Program expense ratio: 71.5%; rating input score 71
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 92.9%; rating input score 93; 23rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 54.8%; rating input score 93; 93rd percentile among comparable filings
• Total-asset coverage ratio: 9.7; rating input score 91; 91st percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
• Officer compensation ratio: 11.7%; rating input score 25; 25th percentile among comparable filings

Growth

• Program expense growth: -0.2% per year; rating input score 0; 13th percentile among comparable filings
• Revenue growth: 9.1% per year; rating input score 100; 65th percentile among comparable filings
• Asset growth: 6.4% per year; rating input score 100; 42nd percentile among comparable filings