Wisys Technology Foundation INC FY2021 filing

Tax-deductible

Madison, WI501(c)(3)EducationEIN 39-1992463Revenue $1.3M in FY2021

On file with the IRSwisys.org401 Charmany Dr Ste 205, 53719-1269 · Madison, WITax-exempt since Sep 2001Supporting organization — 509(a)(3)

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The mission of Wisys is supporting the creation and transfer of innovations from the university of wisconsin system to the marketplace.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$318K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
1 of 5
filings with a surplus
Average deficit $364K a year · 19% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$318K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$920K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
Spent
$2.1M
To programs
70%
Net assets
$3.3M
By yearFY2021–FY2025
Revenue
$1.3M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.3M
FY2022$2.1M
FY2023$1.8M
FY2024$2.0M
FY2025$2.6M
Expenses
$2.1M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$2.1M
FY2022$1.8M
FY2023$2.1M
FY2024$2.6M
FY2025$3.1M
Net assets
$3.3M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$3.3M
FY2022$3.1M
FY2023$3.0M
FY2024$2.6M
FY2025$2.3M

From the FY2021 Form 990 (year ending June 2021) · 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 Sep 2001.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $1.4M Management & general 30% · $609K

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

14 people listed on the 990; $318K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$208,465Pt VII · Sec A
Director of Patents & Licensing
$109,259Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee/Vice Chair
$0Pt VII · Sec A

Arjuna Sanga’s $314K as President is at the 96th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Arjuna Sanga$313,879————
Arjun Sanga—$247,624$235,721$262,137$208,465
Adhira Sunkara$135,236$120,612$111,351——
Jennifer Souter————$109,259

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Wisys Technology 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 15aYes

Programs and updates

Helps bring university innovations to market.

Provided by the organization

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3 programs · $1.4M · in their own filed words · FY2020
01

Patenting & Licensing and Faculty & Student Outreach

The wisys technology foundation was established in march 2000 to provide technology transfer services for the university of wisconsin campuses excluding the university of wisconsin-madison and UW-MILWAUKEE.DURING fiscal 2020-21, wisys reviewed 65 new invention disclosures received from uw-system faculty and students and accepted 32 of…

$1.0Mprogram expense
02

Technology & Business Development

The technology & business development program includes the wisconsin big idea tournament which was established to help extend the wisconsin entrepreneurial ecosystem to university of wisconsin students, with a goal to improve the overall quality of business startup performance, along with wisys SCHOLAR/SCIENTIST awards which are designed…

$229Kprogram expense
03

Research Development Program

The wisys research development program (formerly known as pre-award program, or prep) is a program launched in july 2017 that aims to provide grant submission support to uw comprehensive campuses on a regional basis.

$198Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 34 grants · $1.1M · 2020–2024
University of Wisconsin-MadisonFY2024$134,728
University of Wisconsin-PlattevilleFY2024$51,818
University of Wisconsin-La CrosseFY2024$44,401
University of Wisconsin-OshkoshFY2024$37,677
University of Wisconsin-River FallsFY2024$27,079
University of Wisconsin-ParksideFY2024$24,308
University of Wisconsin-WhitewaterFY2024$23,687
University of Wisconsin-StoutFY2024$21,920
Uwm Research Foundation INCWI · FY2024$16,683
University of Wisconsin-Stevens PointFY2024$10,340
University of Wisconsin-Green BayFY2024$10,095
Uw-MadisonFY2023$24,416
Uw-La CrosseFY2023$23,761
Uw-MilwaukeeWI · FY2023$16,683
Uw-OshkoshFY2023$15,415
Uw-Green BayFY2023$14,905
See all 34 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$730K
Fees for servicesLn 2g$435K
Investment incomeLn 3$139K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.4M
Managementcol C$609K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$4.2M
LiabilitiesLn 26$920K
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$730K
Government grantsLn 1e$730K
Fees for servicesLn 2g$435K
Investment incomeLn 3$139K
Other incomeLn 4–11$483
Gains on assetsLn 7$90K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$541K
SavingsLn 2$885K
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$2.5M
Total assetsLn 16$4.2M
LiabilitiesLn 26$920K
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 542
VolunteersI 60
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 FY21End FY21
Cash and savingsLn 1–2$2.0M$1.4M
InvestmentsLn 11–13$2.1M$2.5M
Total assetsLn 16$4.8M$4.2M
LiabilitiesLn 26$1.0M$920K
Net assetsLn 32$3.8M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$297K$297K
Pay of current officers, directors and key staffLn 5$250K$250K
Other salaries and wagesLn 7$716K$588K$128K
Other employee benefitsLn 9$343K$210K$133K
Legal feesLn 11b$265K$262K$3K
Accounting feesLn 11c$16K$16K
Investment management feesLn 11f$17K$17K
Other fees for servicesLn 11g$23K$22K$625
Advertising and promotionLn 12$14K$12K$2K
Office expensesLn 13$16K$6K$10K
TravelLn 17$11K$659$10K
Conferences, conventions and meetingsLn 19$6K$6K$250
InsuranceLn 23$31K$31K
Other expenses (24a–d)Ln 24$45K$41K$4K
All other expensesLn 24e$3K$743$2K
Total functional expensesLn 25$2.1M$1.4M$609K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.6M$3.1M−$521K$2.3M 990 PDF
FY2024 $2.0M$2.6M−$549K$2.6M 990 PDF
FY2023 $1.8M$2.1M−$245K$3.0M 990 PDF
FY2022 $2.1M$1.8M$244K$3.1M 990 PDF
FY2021 Viewing $1.3M$2.1M−$748K$3.3M 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 FY2021 990 (6 parts)
Part I · Summary $1,305,162 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $560,500$730,500
I-9 Program service revenuePrior year $446,654$435,073
I-10 Investment incomePrior year $82,838$139,106
I-11 Other revenuePrior year $810$483
I-12 Total revenuePrior year $1,090,802$1,305,162
I-13 Grants and similar amounts paidPrior year $222,360$297,141
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,161,236$1,309,418
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $610,286$446,673
I-18 Total expensesPrior year $1,993,882$2,053,232
I-19 Revenue less expensesPrior year −$903,080−$748,070
Part VI · Governance 10 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,305,162 across 7 lines filed
VIII-1e Government grants$730,500
VIII-1h Total contributions, gifts and grants$730,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $435,073$435,073
VIII-3 Investment incomeExcluded from tax $49,122$49,122
VIII-7 Net gain or loss on sales of assetsExcluded from tax $89,984$89,984
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $483$483
VIII-12 Total revenueRelated to mission $435,073 · Unrelated business $0 · Excluded from tax $139,589$1,305,162
Part IX · Statement of functional expenses $2,053,232 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $297,141$297,141
IX-5 Pay of current officers, directors and key staffManagement $250,247$250,247
IX-7 Other salaries and wagesPrograms $588,033 · Management $128,068$716,101
IX-9 Other employee benefitsPrograms $209,710 · Management $133,360$343,070
IX-11b Legal feesPrograms $261,676 · Management $3,041$264,717
IX-11c Accounting feesManagement $15,648$15,648
IX-11f Investment management feesManagement $17,474$17,474
IX-11g Other fees for servicesPrograms $22,125 · Management $625$22,750
IX-12 Advertising and promotionPrograms $11,936 · Management $2,100$14,036
IX-13 Office expensesPrograms $5,901 · Management $10,108$16,009
IX-17 TravelPrograms $659 · Management $10,474$11,133
IX-19 Conferences, conventions and meetingsPrograms $5,657 · Management $250$5,907
IX-23 InsuranceManagement $30,861$30,861
IX-24 Other expenses (24a–d)Programs $41,133 · Management $3,820$44,953
IX-24e All other expensesPrograms $743 · Management $2,442$3,185
IX-25 Total functional expensesPrograms $1,444,714 · Management $608,518 · Fundraising $0$2,053,232
Part X · Balance sheet $4,244,354 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $106,436$541,037
X-2 Savings and temporary cash investmentsStart of year $1,933,731$884,596
X-3 Pledges and grants receivableStart of year $562,956$200,000
X-4 Accounts receivableStart of year $16,250$68,520
X-9 Prepaid expenses and deferred chargesStart of year $3,707$11,410
X-11 Publicly traded securitiesStart of year $2,148,569$2,538,791
X-16 Total assetsStart of year $4,771,649$4,244,354
X-17 Accounts payable and accrued expensesStart of year $634,671$706,900
X-19 Deferred revenueStart of year $1,500$650
X-25 Other liabilitiesStart of year $378,094$212,038
X-26 Total liabilitiesStart of year $1,014,265$919,588
X-27 Net assets without donor restrictionsStart of year $3,169,794$3,003,256
X-28 Net assets with donor restrictionsStart of year $587,590$321,510
X-32 Total net assets or fund balancesStart of year $3,757,384$3,324,766
X-33 Total liabilities and net assetsStart of year $4,771,649$4,244,354
Part XI · Reconciliation of net assets $3,324,766 net assets at year end
XI-1 Total revenue$1,305,162
XI-2 Total expenses$2,053,232
XI-3 Revenue less expenses−$748,070
XI-4 Net assets at start of year$3,757,384
XI-5 Net unrealized gains (losses) on investments$281,823
XI-9 Other changes in net assets$33,629
XI-10 Net assets at end of year$3,324,766

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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