MILWAUKEE AREA TECHNICAL COLLEGE FOUNDATION INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- MILWAUKEE AREA TECHNICAL COLLEGE FOUNDATION INC (EIN 39-1341603)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-05-15
- IRS object ID
- 202641359349310129
- Schema version
- 2024v5.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-05-15T15:54:38-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390974031 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WEGNER CPAS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2921 LANDMARK PL STE 300 | AddressLine1Txt |
| City | MADISON | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 537134236 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 391341603 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MILWAUKEE AREA TECHNICAL COLLEGE | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MILW | BusinessNameControlTxt |
| Phone | 4142977687 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 W STATE ST M244 | AddressLine1Txt |
| City | MILWAUKEE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53233 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VIRGINIA FINN | PersonNm |
| Person Title | ACTING EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 4142977687 | PhoneNum |
| Signature | 2026-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JENNY TARKOWSKI CPA | PreparerPersonNm |
| PTIN | P00634290 | PTIN |
| Phone | 6082744020 | PhoneNum |
| Preparation | 2026-05-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | VIRGINIA FINN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 W STATE ST M244 | AddressLine1Txt |
| City | MILWAUKEE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53233 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $17,162,651 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | MATC.EDU/FOUNDATION/INDEX.HTML | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1979 | FormationYr |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Activity Or Mission | SECURING COMMUNITY INVOLVEMENT WITH THE MILWAUKEE AREA TECHNICAL COLLEGE & INCREASING AWARENESS & APPRECIATION OF THE MILWAUKEE AREA TECHNICAL COLLEGE & ITS ACTIVITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 19 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 20 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $14,519,026 | PYContributionsGrantsAmt |
| CY Contributions Grants | $12,937,925 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $60,380 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,134,605 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,790,325 | CYInvestmentIncomeAmt |
| PY Other Revenue | $46,794 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $16,700,425 | PYTotalRevenueAmt |
| CY Total Revenue | $14,788,630 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $13,187,039 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $13,481,670 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $179,855 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $652,406 | PYOtherExpensesAmt |
| CY Other Expenses | $596,258 | CYOtherExpensesAmt |
| PY Total Expenses | $13,839,445 | PYTotalExpensesAmt |
| CY Total Expenses | $14,077,928 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,860,980 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $710,702 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $42,802,673 | TotalAssetsBOYAmt |
| Total Assets EOY | $46,196,774 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $292,801 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $792,854 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $42,509,872 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $45,403,920 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | AS THE COLLEGE'S PHILANTHROPIC PARTNER, MILWAUKEE AREA TECHNICAL COLLEGE (MATC) FOUNDATION'S MISSION IS TO BUILD DONOR RELATIONSHIPS TO FACILITATE PRIVATE INVESTMENTS THAT REMOVE BARRIERS TO EDUCATION, ACCELERATE CAREERS, AND DELIVER SKILLED TALENT TO THE MILWAUKEE AREA. THE FOUNDATION ALSO SERVES AS THE FINANCIAL STEWARD OF PRIVATE DONATIONS TO MILWAUKEE PBS, A VIEWER-SUPPORTED SERVICE OF MATC. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $13,578,034 | ExpenseAmt |
| Grant | $13,481,670 | GrantAmt |
| Revenue | $60,380 | RevenueAmt |
| Desc | MILWAUKEE AREA TECHNICAL COLLEGE FOUNDATION, INC. SECURES COMMUNITY INVOLVEMENT WITH, INCLUDING FINANCIAL SUPPORT OF, MILWAUKEE AREA TECHNICAL COLLEGE (MATC). THE SPECIFIC PURPOSES OF THE FOUNDATION ARE TO SOLICIT, HOLD, MANAGE, INVEST, AND EXPEND CONTRIBUTIONS, GRANTS, AND BEQUESTS (INCLUDING ENDOWMENT GIFTS) EXCLUSIVELY FOR THE MAINTENANCE, SUPPORT, AND BENEFIT OF MATC.THE FOUNDATION IS THE FISCAL SPONSOR FOR MILWAUKEE PBS (MPBS), A PROGRAM OF MATC. MPBS CONSISTS OF TWO TRADITIONAL TELEVISION STATIONS, WMVS AND WMVT, WHICH ARE LICENSED TO MATC; FOUR DIGITAL TELEVISION SERVICES; A STATE-OF-THE-ART PRODUCTION FACILITY; THE WEBSITE MPBS.ORG; AND THE MONTHLY MAGAZINE FINE TUNING. MPBS ALSO SERVES AS THE HANDS-ON TRAINING FACILITY FOR MATC STUDENTS ENROLLED IN THE TELEVISION AND VIDEO PRODUCTION PROGRAM. DURING THE 2024/25 ACADEMIC YEAR, THE FOUNDATION SUPPORTED STUDENT SUCCESS THROUGH THE AWARDING OF $5,408,778 IN SCHOLARSHIPS AND EMERGENCY ASSISTANCE GRANTS. WITH AN EMPHASIS ON SUPPORTING STUDENT PERSISTENCE AND GRADUATION, AWARDS WERE DESIGNED TO REMOVE FINANCIAL BARRIERS AND, WHEN POSSIBLE, ELIMINATE THE NEED FOR STUDENT LOANS, POSITIONING STUDENTS FOR ECONOMIC MOBILITY. THE TOTAL NUMBER OF STUDENTS RECEIVING SUPPORT IN THE 2024/25 ACADEMIC YEAR WAS 2,926.THE FOUNDATION PROVIDED $1,682,100 IN PROGRAM SUPPORT TO MILWAUKEE AREA TECHNICAL COLLEGE THAT WAS STRATEGICALLY ALIGNED TO SUPPORT STUDENT SUCCESS IN FAMILY-SUPPORTING, ECONOMICALLY MOBILE CAREERS AS REFLECTED BY REGIONAL EMPLOYERS' WORKFORCE PIPELINE PRIORITIES. THIS PROGRAM SUPPORT INCLUDED MATC DRIVE/AL HURVIS PEAK TRANSPORTATION CENTER, THE COLLEGE'S SPECIALTY HVAC PROGRAMS WITH A MILWAUKEE PUBLIC HIGH SCHOOL, AND SPECIALTY SUPPORT FOR BOARD AND LICENSE EXAM FEES FOR RECENT HEALTHCARE PATHWAY GRADUATES.FURTHER, THE FOUNDATION FACILITATED THE RECEIPT OF IN-KIND DONATIONS OF MATERIALS AND EQUIPMENT VALUED AT $117,682.SERVING AS MILWAUKEE PBS' FISCAL SPONSOR, THE FOUNDATION ADMINISTERED $8,450,181 IN CONTRIBUTIONS AND AWARDED $6,390,792 IN PROGRAM SUPPORT. MILWAUKEE PBS IS OWNED AND OPERATED BY MILWAUKEE AREA TECHNICAL COLLEGE. | Desc |
| Total Program Service Expenses | $13,578,034 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 7 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Form1098 C Filed | Yes (1) | Form1098CFiledInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 19 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VIRGINIA FINN | PersonNm |
| Phone | 4142978514 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 W STATE ST M244 | AddressLine1Txt |
| City | MILWAUKEE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53233 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| CHANTEL BYRD | ||||||
| PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DAVID MEGNA | ||||||
| VICE PRESIDENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JULIANNA EBERT | ||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MATTHEW PARTRIDGE | ||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DANIELLE BERGNER | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| ERICA CASE | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| TROY DENNHOF | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| TREVOR D'SOUZA | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| VIOLA HAWKINS | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| JAIME HURTADO | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| SUSAN LUBAR | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| TRACY LUBER | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| LORI MALETT | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| EDGAR MAYORGA | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| PRESTON MCGLORY | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| RAJESH NAMBOOTHIRY | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| EMILY PHILLIPS | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| TIMOTHY SMITH | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| LAILA VALTERS | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| JAMIE BERGER | ||||||
| DIRECTOR (THRU JUNE 2025 ) | 0.50 | Yes (X) | $0 | $0 | $0 | |
| JIM COSCO | ||||||
| DIRECTOR (THRU JUNE 2025) | 0.50 | Yes (X) | $0 | $0 | $0 | |
| LAURA BRAY | ||||||
| EXECUTIVE DIRECTOR | 15.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Federated Campaigns | $425,483 | FederatedCampaignsAmt |
| Government Grants | $1,148,059 | GovernmentGrantsAmt |
| All Other Contributions | $11,364,383 | AllOtherContributionsAmt |
| Noncash Contributions | $117,682 | NoncashContributionsAmt |
| Total Contributions | $12,937,925 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EVENT INCOME | Desc |
| Business | 611310 | BusinessCd |
| Total Revenue Column | $60,380 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $60,380 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $60,380 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,515,480 | TotalRevenueColumnAmt |
| Exclusion | $1,515,480 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,648,866 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,374,021 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $274,845 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $274,845 | TotalRevenueColumnAmt |
| Exclusion | $274,845 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,788,630 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $60,380 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,790,325 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,072,892 | TotalAmt |
| Program Services | $8,072,892 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,408,778 | TotalAmt |
| Program Services | $5,408,778 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $145,994 | TotalAmt |
| Program Services | $38,939 | ProgramServicesAmt |
| Management And General | $53,516 | ManagementAndGeneralAmt |
| Fundraising | $53,539 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $121,952 | TotalAmt |
| Management And General | $121,952 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,661 | TotalAmt |
| Management And General | $73,661 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,810 | TotalAmt |
| Management And General | $5,544 | ManagementAndGeneralAmt |
| Fundraising | $46,266 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,202 | TotalAmt |
| Management And General | $4,202 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,284 | TotalAmt |
| Program Services | $26,100 | ProgramServicesAmt |
| Management And General | $10,134 | ManagementAndGeneralAmt |
| Fundraising | $20,050 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,346 | TotalAmt |
| Management And General | $14,346 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,887 | TotalAmt |
| Program Services | $9,404 | ProgramServicesAmt |
| Management And General | $15,483 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,661 | TotalAmt |
| Management And General | $16,661 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| BAD DEBT | $60,000 | $60,000 | |
| DUES AND SUBSCRIPTIONS | $4,540 | $4,540 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,921 | TotalAmt |
| Program Services | $21,921 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,077,928 | TotalAmt |
| Program Services | $13,578,034 | ProgramServicesAmt |
| Management And General | $320,039 | ManagementAndGeneralAmt |
| Fundraising | $179,855 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,756,233 | BOYAmt |
| EOY | $2,321,630 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,788 | BOYAmt |
| EOY | $509,244 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,005,026 | BOYAmt |
| EOY | $1,272,170 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,159 | BOYAmt |
| EOY | $28,046 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,934,467 | BOYAmt |
| EOY | $39,460,400 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $2,605,284 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,802,673 | BOYAmt |
| EOY | $46,196,774 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $292,801 | BOYAmt |
| EOY | $772,076 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $20,778 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $292,801 | BOYAmt |
| EOY | $792,854 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,519,734 | BOYAmt |
| EOY | $3,280,100 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,990,138 | BOYAmt |
| EOY | $42,123,820 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,509,872 | BOYAmt |
| EOY | $45,403,920 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,802,673 | BOYAmt |
| EOY | $46,196,774 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $710,702 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $2,183,346 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $12,665,033 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,075,131 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $14,623,774 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,519,026 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,937,925 | CurrentTaxYearAmt |
| Total | $71,820,889 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $12,665,033 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,075,131 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $14,623,774 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,519,026 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $12,937,925 | CurrentTaxYearAmt |
| Total | $71,820,889 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $9,250,511 | SubstantialContributorsTotAmt |
| Public Support Total170 | $62,570,378 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $640,819 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $944,364 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $943,097 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,105,749 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,515,480 | CurrentTaxYearAmt |
| Total | $5,149,509 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $12,215 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $28,838 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $45,575 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $46,794 | CurrentTaxYearMinus1YearAmt |
| Total | $133,422 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $77,103,820 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $60,380 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.81150 | PublicSupportCY170Pct |
| Public Support PY170 | 0.94020 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $17,782,447 | BeginningYearBalanceAmt |
| Contributions | $157,181 | ContributionsAmt |
| Investment Earnings Or Losses | -$12,406,671 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $214,608 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $62,658 | AdministrativeExpensesAmt |
| End Year Balance | $5,255,691 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,450,534 | BeginningYearBalanceAmt |
| Contributions | $25,080 | ContributionsAmt |
| Investment Earnings Or Losses | $1,926,425 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $528,404 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $91,188 | AdministrativeExpensesAmt |
| End Year Balance | $17,782,447 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,368,989 | BeginningYearBalanceAmt |
| Contributions | $77,339 | ContributionsAmt |
| Investment Earnings Or Losses | $1,705,474 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $611,587 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $89,681 | AdministrativeExpensesAmt |
| End Year Balance | $16,450,534 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,754,167 | BeginningYearBalanceAmt |
| Contributions | $3,319,799 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,449,220 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,169,435 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $86,322 | AdministrativeExpensesAmt |
| End Year Balance | $15,368,989 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,332,675 | BeginningYearBalanceAmt |
| Contributions | $1,832,711 | ContributionsAmt |
| Investment Earnings Or Losses | $3,944,601 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $2,274,880 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $80,940 | AdministrativeExpensesAmt |
| End Year Balance | $16,754,167 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CASH EQUIVALENTS HELD BY INVESTMENT MANAGER | $786,285 | F |
| COMMONFUNDS | $539,574 | F |
| REAL ESTATE INVESTMENT TRUSTS | $885,114 | F |
| LIMITED PARTNERSHIPS | $394,311 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $2,605,284 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REFUNDABLE ADVANCE | Desc |
| Amt | $20,778 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $20,778 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $17,554,572 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $2,183,346 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $656,257 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$73,661 | OtherRevenueAmt |
| Revenue Not Reported | $2,765,942 | RevenueNotReportedAmt |
| Revenue Subtotal | $14,788,630 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $14,788,630 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $14,660,524 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $656,257 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $656,257 | ExpensesNotReportedAmt |
| Expenses Subtotal | $14,004,267 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $73,661 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $73,661 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $14,077,928 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE FOUNDATION'S ENDOWMENT CONSISTS OF 86 INDIVIDUAL FUNDS ESTABLISHED BY DONORS TO PROVIDE ONGOING SUPPORT FOR SCHOLARSHIPS, ACADEMIC PROGRAMS, AND OTHER PURPOSES CONSISTENT WITH THE FOUNDATION'S MISSION. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | INVESTMENT MANAGEMENT FEES REPORTED ON FORM 990, PART IX, LINE 11F -73,661. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MILWAUKEE AREA TECHNICAL COLLEGE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 W STATE ST | AddressLine1Txt |
| City | MILWAUKEE | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53233 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 396003459 | RecipientEIN |
| IRC Section | GOV | IRCSectionDesc |
| Cash Grant | $7,955,210 | CashGrantAmt |
| Non Cash Assistance | $117,682 | NonCashAssistanceAmt |
| Valuation Method Used | COST | ValuationMethodUsedDesc |
| Non Cash Assistance | EQUIPMENT AND MATERIALS | NonCashAssistanceDesc |
| Purpose Of Grant | FOR EDUCATIONAL AND RELATED NEEDS AND MILWAUKEE PBC OPERATING EXPENSES | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS AND EMERGENCY ASSISTANCE GRANTS | GrantTypeTxt |
| Recipient | 2926 | RecipientCnt |
| Cash Grant | $5,408,778 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE MATC FOUNDATION (THE FOUNDATION) OPERATES AND MAINTAINS A COMPREHENSIVE RANGE OF FUNDS THAT HAVE BEEN ESTABLISHED TO SUPPORT THE EDUCATIONAL AND STRATEGIC GOALS OF THE MILWAUKEE AREA TECHNICAL COLLEGE (MATC) AND ITS STUDENTS. THE FOUNDATION AWARDS A WIDE RANGE OF SCHOLARSHIPS TO STUDENTS ATTENDING MATC. ADDITIONALLY, THE FOUNDATION PROVIDES INSTITUTIONAL GRANTS THAT SUPPORT THE COLLEGE. SCHOLARSHIPS AND GRANTS ARE AWARDED BASED ON MEETING QUALIFYING CRITERIA. SCHOLARSHIPS ARE PAID DIRECTLY TO MATC AND ARE APPLIED TO STUDENTS' ACCOUNTS. OTHER EMERGENCY STUDENT ASSISTANCE GRANTS ARE PAID TO THIRD PARTIES WHENEVER POSSIBLE. PROGRAM SUPPORT IS PAID TO MATC VIA AN INVOICE PROCESS. | ExplanationTxt |
Schedule M IRS990ScheduleM
Cars And Other Vehicles CarsAndOtherVehiclesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $5,131 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | OPINIONS OF EXPERTS | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | EQUIPMENT AND SUPPLIES | 7 | $110,551 | COST OF DONATED PROP |
| Yes (X) | GIFT CARD | 1 | $2,000 | COST OF DONATED PROP |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). |
| PART I, LINE 32B: | THE FOUNDATION USES A THIRD PARTY VENDOR TO ACCEPT, PROCESS, AND SELL ALL DONATED VEHICLES FOR SUPPORT OF MILWAUKEE PBS. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | MATC PROVIDES THE FOUNDATION WITH OFFICE SPACE, USE OF EQUIPMENT, AND STAFFING REQUIRED TO PERFORM ITS EXEMPT PURPOSE. AS PART OF THIS ARRANGEMENT MILWAUKEE AREA TECHNICAL COLLEGE FOUNDATION, INC. HAS THE USE OF THEIR EXECUTIVE DIRECTOR. DURING THE FISCAL YEAR COMPENSATION ASSOCIATED WITH THE USE OF EXECUTIVE DIRECTOR SERVICES WAS $160,257 AND BENEFITS $58,906. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND OPERATIONS DIRECTOR, AND SENT TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, DIRECTORS, AND EXECUTIVE DIRECTOR ANNUALLY DISCLOSE POTENTIAL CONFLICTS TO THE BOARD VIA A PRINTED FORM. THE EXECUTIVE COMMITTEE REVIEWS ANY DISCLOSED CONFLICTS OF INTEREST AND DETERMINES APPROPRIATE COURSE OF ACTION OR IF NO ACTION IS NEEDED. ALL OTHER FOUNDATION STAFF ALSO ANNUALLY DISCLOSE POTENTIAL CONFLICTS OF INTEREST, WHICH ARE REVIEWED BY THE EXECUTIVE DIRECTOR. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
Comments