2026-05-15T15:54:38-05:00 2025-06-30 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2024-07-01 391341603 MILWAUKEE AREA TECHNICAL COLLEGE FOUNDATION INC MILW 4142977687 700 W STATE ST M244 MILWAUKEE WI 53233 VIRGINIA FINN ACTING EXECUTIVE DIRECTOR 4142977687 2026-05-15 1 1 JENNY TARKOWSKI CPA P00634290 6082744020 2026-05-15 2024 2025-03-06 01:10:19Z X VIRGINIA FINN 700 W STATE ST M244 MILWAUKEE WI 53233 17162651 0 X MATC.EDU/FOUNDATION/INDEX.HTML X 1979 WI SECURING COMMUNITY INVOLVEMENT WITH THE MILWAUKEE AREA TECHNICAL COLLEGE & INCREASING AWARENESS & APPRECIATION OF THE MILWAUKEE AREA TECHNICAL COLLEGE & ITS ACTIVITIES. 19 19 0 20 0 0 14519026 12937925 0 60380 2134605 1790325 46794 0 16700425 14788630 13187039 13481670 0 0 0 0 0 0 179855 652406 596258 13839445 14077928 2860980 710702 42802673 46196774 292801 792854 42509872 45403920 X 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. 0 0 13578034 13481670 60380 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. 13578034 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 7 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 X 19 19 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 WI X X VIRGINIA FINN 4142978514 700 W STATE ST M244 MILWAUKEE WI 53233 X CHANTEL BYRD PRESIDENT 2.00 X X 0 0 0 DAVID MEGNA VICE PRESIDENT 1.00 X X 0 0 0 JULIANNA EBERT SECRETARY 1.00 X X 0 0 0 MATTHEW PARTRIDGE TREASURER 1.00 X X 0 0 0 DANIELLE BERGNER DIRECTOR 0.50 X 0 0 0 ERICA CASE DIRECTOR 0.50 X 0 0 0 TROY DENNHOF DIRECTOR 0.50 X 0 0 0 TREVOR D'SOUZA DIRECTOR 0.50 X 0 0 0 VIOLA HAWKINS DIRECTOR 0.50 X 0 0 0 JAIME HURTADO DIRECTOR 0.50 X 0 0 0 SUSAN LUBAR DIRECTOR 0.50 X 0 0 0 TRACY LUBER DIRECTOR 0.50 X 0 0 0 LORI MALETT DIRECTOR 0.50 X 0 0 0 EDGAR MAYORGA DIRECTOR 0.50 X 0 0 0 PRESTON MCGLORY DIRECTOR 0.50 X 0 0 0 RAJESH NAMBOOTHIRY DIRECTOR 0.50 X 0 0 0 EMILY PHILLIPS DIRECTOR 0.50 X 0 0 0 TIMOTHY SMITH DIRECTOR 0.50 X 0 0 0 LAILA VALTERS DIRECTOR 0.50 X 0 0 0 JAMIE BERGER DIRECTOR (THRU JUNE 2025 ) 0.50 X 0 0 0 JIM COSCO DIRECTOR (THRU JUNE 2025) 0.50 X 0 0 0 LAURA BRAY EXECUTIVE DIRECTOR 15.00 X 0 0 0 0 0 0 0 0 0 0 0 425483 1148059 11364383 117682 12937925 EVENT INCOME 611310 60380 60380 60380 1515480 1515480 2648866 2374021 274845 274845 274845 14788630 60380 0 1790325 8072892 8072892 5408778 5408778 145994 38939 53516 53539 121952 121952 73661 73661 51810 5544 46266 4202 4202 56284 26100 10134 20050 14346 14346 24887 9404 15483 16661 16661 BAD DEBT 60000 60000 DUES AND SUBSCRIPTIONS 4540 4540 21921 21921 14077928 13578034 320039 179855 1756233 2321630 74788 509244 2005026 1272170 32159 28046 38934467 39460400 0 2605284 42802673 46196774 292801 772076 0 20778 292801 792854 X 2519734 3280100 39990138 42123820 42509872 45403920 42802673 46196774 710702 2183346 0 X 0 1 X 1 0 X 12665033 17075131 14623774 14519026 12937925 71820889 12665033 17075131 14623774 14519026 12937925 71820889 9250511 62570378 640819 944364 943097 1105749 1515480 5149509 12215 28838 45575 46794 133422 77103820 60380 0.81150 0.94020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17782447 157181 -12406671 214608 62658 5255691 16450534 25080 1926425 528404 91188 17782447 15368989 77339 1705474 611587 89681 16450534 16754167 3319799 -2449220 2169435 86322 15368989 13332675 1832711 3944601 2274880 80940 16754167 0.00000 1.00000 0.00000 0 0 0 CASH EQUIVALENTS HELD BY INVESTMENT MANAGER 786285 F COMMONFUNDS 539574 F REAL ESTATE INVESTMENT TRUSTS 885114 F LIMITED PARTNERSHIPS 394311 F 2605284 REFUNDABLE ADVANCE 20778 20778 17554572 2183346 656257 -73661 2765942 14788630 0 14788630 14660524 656257 656257 14004267 73661 73661 14077928 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. 1 MILWAUKEE AREA TECHNICAL COLLEGE 700 W STATE ST MILWAUKEE WI 53233 396003459 GOV 7955210 117682 COST EQUIPMENT AND MATERIALS FOR EDUCATIONAL AND RELATED NEEDS AND MILWAUKEE PBC OPERATING EXPENSES 1 0 SCHOLARSHIPS AND EMERGENCY ASSISTANCE GRANTS 2926 5408778 PART I, LINE 2: 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. X 1 5131 OPINIONS OF EXPERTS X EQUIPMENT AND SUPPLIES 7 110551 COST OF DONATED PROP X GIFT CARD 1 2000 COST OF DONATED PROP 0 0 1 1 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. 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.