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Northwood Technical College Foundation Inc

EIN 39-1313438 · Rice Lake, WI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood75 out of 100GovernanceStrong92 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE NORTHWOOD TECHNICAL COLLEGE FOUNDATION PROVIDES SUPPORT TO PROMOTE, DEVELOP, AND EXPAND QUALITY EDUCATION AND SERVICES OF NORTHWOOD TECH AND TO ENCOURAGE THE SUCCESS AND ACHIEVEMENT OF NORTHWOOD TECH STUDENTS, FACULTY, STAFF AND ALUMNI.

Income
$1.1 million
Spending
$524,914
Spent on programs
73%
Reserves
3.5 months of spending
Largest source of income
donations and private grants, 72%
Employees
0
Volunteers
100

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 75 out of 100.

  • Reserves

    20 of 35

    Spendable reserves would cover 3.5 months of spending.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 51% of income.

  • Income trend

    5 of 15

    Income fell 18% on the year before.

  • Spending floor

    15 of 15

    73% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 92 out of 100.

  • Independent board

    25 of 25

    11 of 11 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (6)
  1. $228,996 spent. SCHOLARSHIPSIN FY25, THE FOUNDATION ISSUED 531 AWARDS TOTALING $228,996, WITH AN AVERAGE AWARD OF MORE THAN $500 EACH.
  2. $62,587 spent. OTHER STUDENT SUPPORTTHE FOUNDATION PROVIDES GAS AND GROCERY CARDS OF $25 EACH FOR STUDENTS WHO WOULDN'T OTHERWISE HAVE THE FUNDS TO DRIVE TO CLASS OR PURCHASE GROCERIES; WE ALSO COVER GED FEES, NUTRITION BASKETS, MEAL VOUCHERS, AND A PANTRY FOR FOOD, SCHOOL SUPPLIES, AND BASIC HOUSEHOLD GOODS ON 3 OF OUR 4 MAIN CAMPUSES. THE TOTAL PROVIDED FOR THESE ITEMS IN FY25 WAS $62,587
  3. $53,273 spent. INSTITUTIONAL SUPPORT$53,273 WAS PAID TO THE COLLEGE FROM GRANTS TO SUPPORT PROGRAM EQUIPMENT, AS WELL AS RECRUITMENT AND RETENTION ACTIVITIES.
  4. $23,000 spent. CAPITAL CAMPAIGNTHE SECOND YEAR OF THE CAPITAL CAMPAIGN TO SUPPORT THE MEDICAL LABORATORY EDUCATION CENTER, WHICH HOUSES THE MEDICAL LABORATORY TECHNICIAN PROGRAM, RESULTED IN A GRANT FOR $23,000 PAID TO THE COLLEGE FOR RELATED EXPENSES.
  5. $13,137 spent. EMERGENCY GRANTSSTUDENTS IN NEED OF EMERGENCY SUPPORT RECEIVED $13,137 IN GRANTS TO REMOVE FINANCIAL BARRIERS.
  6. $3,091 spent. STAFF DEVELOPMENTSTAFF HAVE THE OPPORTUNITY TO APPLY FOR PROFESSIONAL DEVELOPMENT GRANTS EACH FALL. LAST YEAR, THE FOUNDATION PROVIDED $3,091 TO COVER EXPENSES RELATED TO STAFF TRAINING.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 1978.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.