Overview
What is Wisconsin Association Of Independent Colleges And Universities Inc?
Wisconsin Association of Independent Colleges and Universities Inc, located at 122 W Washington Avenue 700, Madison, WI 53703, is a collaborative nonprofit organization. Its primary goal is to provide administrative support services to Wisconsin's 23 private nonprofit colleges and universities in a collaborative manner. The objectives include cost savings, improving the quality of services, and serving as a national model for managing college expenses. By doing so, the organization aims to promote and facilitate services to these institutions, ultimately benefiting students, faculty, and staff. The WAICU Collaboration Project functions as a comprehensive initiative, acting as a unified force to enhance the overall operation of these educational institutions.
Official website here: www.waicu.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
The Wisconsin Association of Independent Colleges and Universities Inc has received a Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and transparency in its operations. With a score of 96% in Accountability & Finance, the organization demonstrates strong governance practices and effective financial management.
Key strengths include the presence of a completely independent board, a robust audit and oversight committee, and adherence to policies such as conflict of interest and whistleblower protections. Additionally, the organization allocates 83.77% of its expenses toward programs, reflecting a strong commitment to its mission and impact.
While the nonprofit excels in many areas, it is essential for potential supporters to consider any evolving challenges or limitations that may not have been addressed in this summary. Overall, the Wisconsin Association of Independent Colleges and Universities Inc stands out as a well-managed organization focused on its educational objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Wisconsin Association Of Independent Colleges And Universities Inc legitimate?
Wisconsin Association Of Independent Colleges And Universities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wisconsin Association Of Independent Colleges And Universities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $764,894
Professional Fundraising Fees: $0
Other Salaries and Wages: $589,903
For more financial information, click here
Official website here: www.waicu.org
What is the mission statement of Wisconsin Association Of Independent Colleges And Universities Inc?
The Wisconsin Association of Independent Colleges and Universities Inc is dedicated to promoting and facilitating services for Wisconsin's private nonprofit colleges and universities. They achieve this by collaborating on administrative support functions, aiming to save costs, enhance service quality, and serve as a model for controlling college expenses on a collaborative basis. This collective approach is designed to benefit students, faculty, and staff at these institutions. The WAICU Collaboration Project is a key initiative in this endeavor.
Official website here: www.waicu.org
Who is the CEO of Wisconsin Association Of Independent Colleges And Universities Inc?
Eric Fulcomer is the Director of Wisconsin Association Of Independent Colleges And Universities Inc.
Official website here: www.waicu.org
What is the revenue of Wisconsin Association Of Independent Colleges And Universities Inc?
Wisconsin Association Of Independent Colleges And Universities Inc's revenue in 2023 was $4,101,241.
Official website here: www.waicu.org
Who are the executives of Wisconsin Association Of Independent Colleges And Universities Inc and what are their salaries?
The average compensation at Wisconsin Association Of Independent Colleges And Universities Inc during 2023 was $58,904. There are 23 employees and 23 volunteers at Wisconsin Association Of Independent Colleges And Universities Inc.
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Official website here: www.waicu.org
Where can I find the form 990 for Wisconsin Association Of Independent Colleges And Universities Inc?
Wisconsin Association Of Independent Colleges And Universities Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.waicu.org
Learn more at the official website: www.waicu.org
Mission Statement of Wisconsin Association Of Independent Colleges And Universities Inc
The Wisconsin Association of Independent Colleges and Universities Inc is committed to promoting and facilitating services for Wisconsin's private nonprofit colleges and universities. In fulfilling this mission, the organization collaborates with these institutions to perform administrative support functions on a collaborative basis. The primary objectives of this collaboration are to save money, enhance the quality of services for students, faculty, and staff, and serve as a national model for controlling college costs. This initiative, known as the WAICU Collaboration Project, aims to leverage collective resources and expertise to provide more efficient and effective services, ultimately benefiting the students, faculty, and staff at these institutions.
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Impact
July, 2024
The Wisconsin Association Of Independent Colleges And Universities Inc's impact is significant in promoting and facilitating services to Wisconsin's private colleges and universities. Through its collaborative services initiative, the organization aims to save money, improve the quality of services to students, faculty, and staff, and serve as a national model for controlling college costs. This effort ultimately benefits the higher education sector in Wisconsin by enhancing efficiency, quality, and affordability for the institutions involved.
This information is meant to be a general summary of Wisconsin Association Of Independent Colleges And Universities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $542,542
- Program Service Revenue: $3,003,899
- Gross Receipts: $6,235,489
Assets and Liabilities:
- Total Assets: $22,443,882
- Total Liabilities: $1,184,579
- Net Assets: $21,259,303
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,604,324
MEMBER SERVICES
Revenue
$1,304,475
PRIV. COLLEGE WEEK ADVERTISING
Revenue
$95,100
Organization Details
Founding Year
1962
Phone
(608) 256-7761Principal Officer
Eric Fulcomer
Main Address
122 W WASHINGTON AVENUE 700, MADISON, WI, 53703
Website
www.waicu.orgNTEE Category
Code: B40C - Education
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