Northcentral Technical College Foundation INC

Tax-deductible

Wausau, WI501(c)(3)EIN 39-1266481Revenue $1.2M in FY2025

On file with the IRSntc.edu/about/foundation1000 W Campus Dr, 54401-1880 · Wausau, WITax-exempt since May 1977Publicly supported charity — 170(b)(1)(A)(vi)

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The ntc Foundation develops relationships that enable individuals, businesses and the community to advocate for and provide resources in support of Northcentral Technical College in accomplishing its mission.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 45 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $207K a year · 19% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$837K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 27 voting members
Looks good: 26 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+27% vs prior year
Spent
$778K
To programs
81%
Net assets
$11.1M
By yearFY2021–FY2025
Revenue
$1.2M
FY2025▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.2M
FY2022$925K
FY2023$1.1M
FY2024$930K
FY2025$1.2M
Expenses
$778K
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2021$835K
FY2022$981K
FY2023$949K
FY2024$731K
FY2025$778K
Net assets
$11.1M
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2021$9.8M
FY2022$8.4M
FY2023$9.0M
FY2024$10.1M
FY2025$11.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1977.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $631K Management & general 17% · $133K Fundraising 2% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

29 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Ex-Officio
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Northcentral Technical College Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects people and businesses to support the college's mission and resources.

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Provided by the organization

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2 programs · $631K · in their own filed words · FY2024
01

The NTC foundation provides scholarships and direct financial assistance to students enrolled on all credentials conferred by northcentral technical college. In FY24-25, the foundation awarded scholarships for 1,199 students.

$543Kprogram expense
02

The NTC foundation provides supplemental funding for northcentral technical college educational programs and fixed asset acquisitions used to support the NTC curriculum.

$88Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$18K
Grants paid · 10 grants · $3.4M · 2020–2024
Unitemized GrantFY2024$510,189
Northcentral Technical CollegeFY2024$88,143
Unitemized GrantFY2023$447,245
Northcentral Technical CollegeFY2023$104,659
Unitemized GrantFY2022$634,864
Northcentral Technical CollegeFY2022$133,395
Unitemized GrantFY2021$655,146
Northcentral Technical CollegeFY2021$147,653
Unitemized GrantFY2020$544,160
Northcentral Technical CollegeFY2020$107,576

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$856K
Investment incomeLn 3$325K
Other incomeLn 4–11$275
Money outPt IX
$778K
Ln 25
Programscol B$631K
Managementcol C$133K
Fundraisingcol D$14K
Owns and owesPt X
$11.1M
net assets · Ln 32
Cash and savingsLn 1–2$482K
Total assetsLn 16$12.0M
LiabilitiesLn 26$837K
PeoplePt VI, VII
29
listed · VII A
PaidVII A0
Voting boardVI 1a27
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$856K
Noncash giftsLn 1g$2K
Investment incomeLn 3$325K
Other incomeLn 4–11$275
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$482K
Cash and savings togetherLn 1–2$482K
InvestmentsLn 11–13$11.4M
Other assetsLn 15$19K
Total assetsLn 16$12.0M
LiabilitiesLn 26$837K
Net assetsLn 32$11.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 645
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$984K$482K
InvestmentsLn 11–13$10.5M$11.4M
Total assetsLn 16$11.5M$12.0M
LiabilitiesLn 26$1.5M$837K
Net assetsLn 32$10.1M$11.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$88K$88K
Grants to domestic individualsLn 2$510K$510K
Management feesLn 11a$50K$50K
Accounting feesLn 11c$14K$14K
Investment management feesLn 11f$31K$31K
Other fees for servicesLn 11g$33K$33K$100
Office expensesLn 13$8K$7K$1K
Information technologyLn 14$20K$20K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$150$150
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$15K$11K$5K
Total functional expensesLn 25$778K$631K$133K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$778K$404K$11.1M 990 PDF
FY2024 $930K$731K$199K$10.1M 990 PDF
FY2023 $1.1M$949K$131K$9.0M 990 PDF
FY2022 $925K$981K−$56K$8.4M 990 PDF
FY2021 $1.2M$835K$357K$9.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $1,181,514 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $662,437$856,197
I-9 Program service revenue$0
I-10 Investment incomePrior year $264,396$325,042
I-11 Other revenuePrior year $3,646$275
I-12 Total revenuePrior year $930,479$1,181,514
I-13 Grants and similar amounts paidPrior year $551,904$598,332
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $179,176$179,442
I-18 Total expensesPrior year $731,080$777,774
I-19 Revenue less expensesPrior year $199,399$403,740
Part VI · Governance 26 of 27 board members independent, 1 to look at
VI-1a Voting members of the governing body27
VI-1b Independent voting members26
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,181,514 across 6 lines filed
VIII-1f All other contributions, gifts and grants$856,197
VIII-1g Noncash contributions (included above)$1,975
VIII-1h Total contributions, gifts and grants$856,197
VIII-3 Investment incomeExcluded from tax $325,042$325,042
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $275$275
VIII-12 Total revenueRelated to mission $275 · Excluded from tax $325,042$1,181,514
Part IX · Statement of functional expenses $777,774 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $88,143$88,143
IX-2 Grants to domestic individualsPrograms $510,189$510,189
IX-11a Management feesManagement $50,000$50,000
IX-11c Accounting feesManagement $13,955$13,955
IX-11f Investment management feesManagement $31,308$31,308
IX-11g Other fees for servicesPrograms $32,662 · Fundraising $100$32,762
IX-13 Office expensesManagement $6,744 · Fundraising $1,392$8,136
IX-14 Information technologyManagement $20,416$20,416
IX-17 TravelFundraising $4,155$4,155
IX-19 Conferences, conventions and meetingsPrograms $150$150
IX-23 InsuranceFundraising $3,106$3,106
IX-24 Other expenses (24a–d)Management $10,598 · Fundraising $4,856$15,454
IX-25 Total functional expensesPrograms $631,144 · Management $133,021 · Fundraising $13,609$777,774
Part X · Balance sheet $11,978,719 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $983,736$482,074
X-3 Pledges and grants receivableStart of year $71,276$58,672
X-4 Accounts receivableStart of year $9,555$5,490
X-9 Prepaid expenses and deferred charges$36,173
X-11 Publicly traded securitiesStart of year $10,479,101$11,377,458
X-15 Other assets$18,852
X-16 Total assetsStart of year $11,543,668$11,978,719
X-17 Accounts payable and accrued expensesStart of year $183,558$80,684
X-18 Grants payableStart of year $659,489$531,673
X-25 Other liabilitiesStart of year $625,248$224,237
X-26 Total liabilitiesStart of year $1,468,295$836,594
X-27 Net assets without donor restrictionsStart of year $550,103$795,958
X-28 Net assets with donor restrictionsStart of year $9,525,270$10,346,167
X-32 Total net assets or fund balancesStart of year $10,075,373$11,142,125
X-33 Total liabilities and net assetsStart of year $11,543,668$11,978,719
Part XI · Reconciliation of net assets $11,142,125 net assets at year end
XI-1 Total revenue$1,181,514
XI-2 Total expenses$777,774
XI-3 Revenue less expenses$403,740
XI-4 Net assets at start of year$10,075,373
XI-5 Net unrealized gains (losses) on investments$663,012
XI-10 Net assets at end of year$11,142,125

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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