2018-04-05T11:43:31-05:00 2017-06-30 390758449 Wipfli LLP PO Box 8700 Madison WI 537088700 990 2016-07-01 237265867 Madison Area Technical College Foundation Inc MADI 6082466441 3591 Anderson Street No 203A Madison WI 53704 Tammy Thayer Chief Executive Officer 6082466441 2018-03-26 1 Amanda VanNatta P00948755 6082741980 2018-03-26 216.54.158.12 2018-03-26 15:08:44 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D39DFCF308E29798099C6E98D97B6F6C3915D4BA 2016 2021-01-29 14:40:06Z Madison College Foundation Tammy Thayer 3591 Anderson Street No 203A Madison WI 53704 4591831 0 X www.supportmadisoncollege.org X 1973 WI To support Madison Area Technical College. 11 11 16 25 0 0 3635194 3707862 373930 373930 -60583 317119 177263 185199 4125804 4584110 1234115 4371868 0 0 746531 667081 0 0 367063 1255762 697572 3236408 5736521 889396 -1152411 18672251 18627864 2172636 2556714 16499615 16071150 X The Madison Area Technical College Foundation, Inc. solicits, manages, and distributes gifts from alumni, corporations, foundations, community organizations, and other friends of the College. These generous gifts enhance the college's ability to provide an accessible, high quality education to students and help develop a highly skilled workforce for South Central Wisconsin. 0 0 3190063 3190063 0 Campaign - Everywhere You Are Madison College Matters Campaign - THE HISTORIC $11 MILLION CAMPAIGN HAS FOUR IMPORTANT OBJECTIVES:A STATE OF-THE-ART FACILITY FOR CULINARY AND BAKING & DECORATIVE ARTS:Madison College will renovate, expand and equip new state-of-the-art spaces featuring lab and instructional areas that allow for increased numbers of students and the integration of modern tools, learning methods and simulations. EXPANDED STUDENT SCHOLARSHIPS AND SCHOLARSHIP ENDOWMENTS:This initiative will double Madison College's current scholarship offering, allowing the organization to support more qualified students in need. A permanent endowment will sustain annual scholarship support in perpetuity, vastly increasing the amount of scholarships the Foundation can offer annually. ENHANCED STUDENT SUCCESS PROGRAMS:Individual learners and groups receive tutoring and supplemental instruction in all areas, which build supportive and collaborative learning environments. These programs assist students with academic and career planning, finding employment and overcoming academic challenges, as well as supporting the special needs of veterans and other students. A NEW ATHLETIC FIELD AND SPORTS COMPLEX:Renovate the college's existing softball diamond and soccer fields to create the Irwin A. & Robert D. Goodman Sports Complex. It will become the home field for the College men's and women's soccer and softball teams, and a destination for community sporting activities, with a special emphasis on serving our youth throughout our community and beyond. 806459 806459 0 Scholarships - Madison Area Technical College Foundation, Inc. provides scholarships solely for students of the Madison Area Technical College. School scholarships help students afford access to the college and reward academic excellence. 630801 311539 373930 General program activities - Madison Area Technical College Foundation, Inc. provides a mark of distinction by acquiring supplies, equipment, facility enhancements and other funding for college priorities that are not available through the college budget. 63807 63807 0 Grants-Madison Area Technical College Foundation, Inc. provides small amounts of financial assistance to retain students who are enrolled but encounter financial emergencies for which the students do not have other resources. 63807 63807 0 4691130 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 7 0 16 1 0 0 0 0 0 0 0 0 0 1 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 WI X Tammy Thayer 6082466441 3591 Anderson Street Suite 203A Madison WI 53704 Ashok Bhargava Director 5.00 X 0 0 0 Gordon Derzon Director 1.00 X 0 0 0 Pam Druhan Director (Thru April) 1.00 X 0 0 0 Marshall Mennenga Director 1.00 X 0 0 0 Robert Tercek Director 1.00 X 0 0 0 David Villa Director 1.00 X 0 0 0 James Riordan Director 1.00 X 0 0 0 Lawrence Barton Director 1.00 X 0 0 0 Robin Roberts President 1.00 X X 0 0 0 Elizabeth Kirchstein Vice President 1.00 X X 0 0 0 Dianne Redsten Secretary 1.00 X X 0 0 0 Bill Beisenstein Treasurer 1.00 X X 0 0 0 Tammy Thayer Chief Executive Officer 40.00 X 159158 0 25185 Robert Dinndorf Executive Director of Philanthropy 40.00 X 107242 0 2454 266400 0 27639 2 0 1 0 0 3707862 313003 3707862 Rental Revenue 531120 373930 373930 373930 237378 237378 87462 7721 79741 79741 79741 185199 185199 185199 4584110 373930 0 502318 3501602 3501602 870266 870266 320556 122204 198352 283752 156646 127106 11479 6337 5142 9912 5472 4440 41382 22845 18537 576 576 33025 33025 9838 9838 1600 1600 23393 23393 7588 7588 40031 40031 13882 13882 4903 4903 90285 90285 92906 92906 2386 2386 Program expense 319262 319262 Fundraising Expense 13486 13486 Dues & Memberships 5017 5017 39394 39394 5736521 4691130 678328 367063 635956 63164 2311889 499272 4031291 4355525 11551 30932 4301790 444009 3950687 3857781 7485256 9556378 157601 172350 88020 92462 18672251 18627864 128780 730528 2043856 1826186 2172636 2556714 X 1020970 999170 9325989 7728965 6152656 7343015 16499615 16071150 18672251 18627864 -1152411 723946 0 X 0 1 X 1 0 X 1659974 2076218 7554036 3635194 3707862 18633284 1659974 2076218 7554036 3635194 3707862 18633284 6780228 11853056 587237 609848 229637 216443 237378 1880543 20513827 1933649 0.57780 0.58030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6831494 1290359 921952 322175 8721630 5762142 1414674 30456 375778 6831494 5569666 279957 115847 203328 5762142 4676219 385554 737004 229111 5569666 4502909 127688 240458 194836 4676219 0.00000 0.84190 0.15810 0 0 962219 962219 3295413 419109 2876304 44158 24900 19258 3857781 X 5298218 723946 -9838 714108 4584110 0 4584110 5726683 0 5726683 9838 9838 5736521 Part V, Line 4: ALL ENDOWMENTS ARE FOR THE PURPOSE OF PROVIDING CONTINUAL FINANCIAL SUPPORT TO MADISON AREA TECHNICAL COLLEGE FOUNDATION, INC. TO ALLOW IT TO CONTINUE TO ENHANCE MADISON COLLEGE'S ABILITY TO PROVIDE AN ACCESSIBLE, HIGH QUALITY EDUCATION TO STUDENTS AND HELP DEVELOP A HIGHLY SKILLED WORKFORCE FOR SOUTH CENTRAL WISCONSIN. Part X, Line 2: The Foundation is required to assess whether it is more likely than not that a tax position will be sustained upon examination on the technical merits of the position assuming the taxing authority has full knowledge of all information. If the tax position does not meet the more likely than not recognition threshold, the benefit of that position is not recognized in the financial statements. The Foundation has determined there are no amounts to record as assets or liabilities related to uncertain tax positions. Part XI, Line 2d - Other Adjustments: Investment Manager Fees -9,838. 1 Madison Area Technical College 1701 Wright Street Madison WI 53704 391067818 State of WI 3501602 Strategic initiatives, college programming, capital projects 1 0 Scholarships 1093 806459 Student Grants 182 63807 Part I, Line 2: The College Financial Aid staff review student grant requests and determine financial need based on donor established criteria. If it is determined that the student needs and is eligible for a grant, the approved requests are sent to the Foundation accountant for processing. The Chief Executive Officer signs the checks for all grant disbursements. Average grants are $500 per individual. X X X 0 0 0 0 0 0 0 0 0 Tammy Thayer Chief Executive Officer 154158 0 5000 0 0 0 5068 0 20117 0 184343 0 0 0 X 18 87516 Sale comparable Prop X Equip & Supplies 17 81969 Cost of donated prop X Wind Turbine 1 62734 Cost of donated prop X Various Items 12 42341 Cost of donated prop X Robots 1 38443 Cost of donated prop 0 0 1 0 Part I, Column (b): The organization tracks and reports the actual number of contributions received. Form 990, Part VI, Section B, line 11b The Audit committee reviews Form 990 prior to filing with the Internal Revenue SErvice. Form 990, Part VI, Section B, line 12c Madison Area Technical College Foundation board and staff members are obligated to act in the best interest of the organization. This obligation requires that employees and board members, in the performance of Foundation duties, seek only the furtherance of the mission of Madison Area Technical College Foundation, Inc. and its related Foundation. At all times, employees and board members are prohibited from using the organization's name or property, for private profit or benefit. Each board member shall sign the conflict of interest disclosure policy at the annual meeting each year. When a conflict of interest is relevant to a matter requiring action by the Madison College Foundation Board of Directors, the interested person(s) shall call it to the attention of the Board of Directors and said person(s) shall not vote on the matter. In addition, the person(s) shall not participate in the final deliberation or decision regarding the matter under consideration and shall retire from the room during the vote of the board of directors. When there is a doubt about whether a conflict exists, the matter shall be resolved by vote of the board of directors. The vote shall exclude the person(s) involved in the seeming conflict of interest. The official minutes of the board of directors shall reflect that the conflict of interest was disclosed and that the interested person(s) was (were) not present during the final discussion or vote and did not vote on the matter. Form 990, Part VI, Section B, line 15 The Chief Executive Officer's salary is set by the Foundation Board of Directors. The Executive Committee reviews the compensation and makes a final recommendation to the Board of Directors. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.