Wisys Technology Foundation INC FY2024 filing

Tax-deductible

Madison, WI501(c)(3)EducationEIN 39-1992463Revenue $2.0M in FY2024

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.
71¢ of each $1 spent went to programs.
$368K 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

FY2024 · 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
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$368K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+11% vs prior year
Spent
$2.6M
To programs
71%
Net assets
$2.6M
By yearFY2021–FY2025
Revenue
$2.0M
FY2024▲ +11%
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
$2.6M
FY2024▲ +24%
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
$2.6M
FY2024▼ -14%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

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

71 cents of each dollar spent went to programs.

Program services 71% · $1.8M Management & general 29% · $746K

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

15 people listed on the 990; $368K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$247,624Pt VII · Sec A
Dir. of Strategy/Innovative Ventures
$120,612Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee (until 7/1/23)
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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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.

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Provided by the organization

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3 programs · $1.5M · in their own filed words · FY2023
01

Intellectual Property & Licensing

The wisys technology foundation was established in march 2000 to provide technology transfer services for the universities of wisconsin (uw) campuses excluding the university of wisconsin-madison and UW-MILWAUKEE.DURING fiscal 2023-24, wisys reviewed 60 new invention disclosures received from uw-system faculty and students and accepted…

$648Kprogram expense
02

Innovation Programs

The innovation programs are events and competitions geared towards honing innovation, entrepreneurship, and research skills. This includes four key programs: 1)THE wisys big idea tournament helps extend the wisconsin entrepreneurial ecosystem to uw students, with a goal to improve the overall quality of business startup performance.

$513Kprogram expense
03

Research Development

The wisys research development program aims to provide grant preparation and writing support to universities of wisconsin regional campuses (uw regional CAMPUSES).THROUGH regular virtual and in-person visits, the research development manager and associates provide information and expertise about grant application and proposal preparation…

$293Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.9M
Fees for servicesLn 2g$158K
Investment incomeLn 3$90K
Money outPt IX
$2.6M
Ln 25
Programscol B$1.8M
Managementcol C$746K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$3.8M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$1.9M
Fees for servicesLn 2g$158K
Investment incomeLn 3$90K
Gains on assetsLn 7−$164K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$795K
SavingsLn 2$214K
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$2.4M
Total assetsLn 16$3.8M
LiabilitiesLn 26$1.2M
Net assetsLn 32$2.6M
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 FY24End FY24
Cash and savingsLn 1–2$1.2M$1.0M
InvestmentsLn 11–13$2.4M$2.4M
Total assetsLn 16$3.8M$3.8M
LiabilitiesLn 26$849K$1.2M
Net assetsLn 32$3.0M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$125K$125K
Pay of current officers, directors and key staffLn 5$304K$304K
Other salaries and wagesLn 7$1.0M$938K$107K
Other employee benefitsLn 9$435K$353K$82K
Legal feesLn 11b$175K$175K$408
Accounting feesLn 11c$23K$23K
Investment management feesLn 11f$18K$18K
Other fees for servicesLn 11g$47K$16K$31K
Advertising and promotionLn 12$24K$5K$19K
Office expensesLn 13$37K$605$36K
TravelLn 17$67K$36K$31K
Conferences, conventions and meetingsLn 19$65K$63K$1K
InsuranceLn 23$64K$64K
Other expenses (24a–d)Ln 24$140K$112K$27K
All other expensesLn 24e$14K$12K$2K
Total functional expensesLn 25$2.6M$1.8M$746K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.6M$3.1M−$521K$2.3M 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $2,032,663 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,645,007$1,947,416
I-9 Program service revenuePrior year $174,256$157,940
I-10 Investment incomePrior year $16,294−$73,597
I-11 Other revenuePrior year $1,882$904
I-12 Total revenuePrior year $1,837,439$2,032,663
I-13 Grants and similar amounts paidPrior year $79,442$124,916
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,474,415$1,783,590
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $528,366$673,118
I-18 Total expensesPrior year $2,082,223$2,581,624
I-19 Revenue less expensesPrior year −$244,784−$548,961
Part VI · Governance 11 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
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 $2,032,663 across 7 lines filed
VIII-1e Government grants$1,947,416
VIII-1h Total contributions, gifts and grants$1,947,416
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $157,940$157,940
VIII-3 Investment incomeExcluded from tax $90,244$90,244
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$163,841−$163,841
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $904$904
VIII-12 Total revenueRelated to mission $157,940 · Unrelated business $0 · Excluded from tax −$72,693$2,032,663
Part IX · Statement of functional expenses $2,581,624 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $124,916$124,916
IX-5 Pay of current officers, directors and key staffManagement $304,189$304,189
IX-7 Other salaries and wagesPrograms $937,632 · Management $106,783$1,044,415
IX-9 Other employee benefitsPrograms $353,092 · Management $81,894$434,986
IX-11b Legal feesPrograms $174,621 · Management $408$175,029
IX-11c Accounting feesManagement $22,810$22,810
IX-11f Investment management feesManagement $17,726$17,726
IX-11g Other fees for servicesPrograms $16,223 · Management $30,729$46,952
IX-12 Advertising and promotionPrograms $4,943 · Management $19,378$24,321
IX-13 Office expensesPrograms $605 · Management $36,379$36,984
IX-17 TravelPrograms $35,922 · Management $31,109$67,031
IX-19 Conferences, conventions and meetingsPrograms $63,320 · Management $1,488$64,808
IX-23 InsuranceManagement $63,505$63,505
IX-24 Other expenses (24a–d)Programs $112,443 · Management $27,064$139,507
IX-24e All other expensesPrograms $12,102 · Management $2,343$14,445
IX-25 Total functional expensesPrograms $1,835,819 · Management $745,805 · Fundraising $0$2,581,624
Part X · Balance sheet $3,805,998 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $727,649$795,492
X-2 Savings and temporary cash investmentsStart of year $449,819$214,149
X-3 Pledges and grants receivableStart of year $200,000$232,693
X-4 Accounts receivableStart of year $79,478$152,363
X-9 Prepaid expenses and deferred chargesStart of year $24,979$29,249
X-11 Publicly traded securitiesStart of year $2,361,665$2,382,052
X-16 Total assetsStart of year $3,843,590$3,805,998
X-17 Accounts payable and accrued expensesStart of year $617,651$651,850
X-19 Deferred revenueStart of year $16,500$361,935
X-25 Other liabilitiesStart of year $214,788$228,232
X-26 Total liabilitiesStart of year $848,939$1,242,017
X-27 Net assets without donor restrictionsStart of year $2,825,750$2,563,981
X-28 Net assets with donor restrictionsStart of year $168,901$0
X-32 Total net assets or fund balancesStart of year $2,994,651$2,563,981
X-33 Total liabilities and net assetsStart of year $3,843,590$3,805,998
Part XI · Reconciliation of net assets $2,563,981 net assets at year end
XI-1 Total revenue$2,032,663
XI-2 Total expenses$2,581,624
XI-3 Revenue less expenses−$548,961
XI-4 Net assets at start of year$2,994,651
XI-5 Net unrealized gains (losses) on investments$118,291
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,563,981

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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