We don't have a formal relationship with other Universities, but there are certainly many people affiliated with colleges and universities throughout North America that are involved with Monarch Watch is one way or another. We do not maintain a "Monarch Watcher" list that is publicly accessible, though we are working on something along these lines - perhaps using these forums.
As far as the Monarch Waystations go, we update the Registry often
http://www.monarchwatch.org/ws/registry.html
and will soon have a more robust database in place. Currently, I believe there are only 2 or 3 sites in NC that are registered.
Hope this helps!