MADISON AREA TECHNICAL COLLEGE FOUNDATION INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- MADISON AREA TECHNICAL COLLEGE FOUNDATION INC (EIN 23-7265867)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-03-08
- IRS object ID
- 201720679349300437
- Schema version
- 2015v3.0
- 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 | 2017-03-08T14:25:57-06:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390758449 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wipfli LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 8700 | AddressLine1Txt |
| City | Madison | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 537088700 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237265867 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Madison Area Technical College | BusinessNameLine1Txt |
| Business Name Line2 | Foundation Inc | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MADI | BusinessNameControlTxt |
| Phone | 6082466441 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3591 Anderson Street No 203A | AddressLine1Txt |
| City | Madison | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53704 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Tammy Thayer | PersonNm |
| Person Title | Chief Executive Officer | PersonTitleTxt |
| Phone | 6082466441 | PhoneNum |
| Signature | 2017-02-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Amanda VanNatta | PreparerPersonNm |
| PTIN | P00948755 | PTIN |
| Phone | 6082741980 | PhoneNum |
| Preparation | 2017-02-27 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Madison College Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Tammy Thayer | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3591 Anderson Street No 203A | AddressLine1Txt |
| City | Madison | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53704 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $11,405,982 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.supportmadisoncollege.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1973 | FormationYr |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Activity Or Mission | To support Madison Area Technical College. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 10 | TotalEmployeeCnt |
| Total Volunteers | 25 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,554,036 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,635,194 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $373,845 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $373,930 | CYProgramServiceRevenueAmt |
| PY Investment Income | $875,077 | PYInvestmentIncomeAmt |
| CY Investment Income | -$60,583 | CYInvestmentIncomeAmt |
| PY Other Revenue | $208,754 | PYOtherRevenueAmt |
| CY Other Revenue | $177,263 | CYOtherRevenueAmt |
| PY Total Revenue | $9,011,712 | PYTotalRevenueAmt |
| CY Total Revenue | $4,125,804 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,239,244 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,234,115 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $673,596 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $746,531 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $408,508 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $788,611 | PYOtherExpensesAmt |
| CY Other Expenses | $1,255,762 | CYOtherExpensesAmt |
| PY Total Expenses | $2,701,451 | PYTotalExpensesAmt |
| CY Total Expenses | $3,236,408 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,310,261 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $889,396 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $17,850,399 | TotalAssetsBOYAmt |
| Total Assets EOY | $18,672,251 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,400,963 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,172,636 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $15,449,436 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $16,499,615 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,155,064 | ExpenseAmt |
| Grant | $1,155,064 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $458,475 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $300,174 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $373,930 | RevenueAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $79,051 | ExpenseAmt |
| Grant | $79,051 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | 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. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $79,051 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $79,051 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $0 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $1,992,764 | 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 |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | 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 | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | 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 With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| 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 | 8 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 10 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| 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 |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | 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 | 0 | 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 | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tammy Thayer | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6082466441 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3591 Anderson Street Suite 203A | AddressLine1Txt |
| City | Madison | CityNm |
| State Abbreviation | WI | StateAbbreviationCd |
| ZIP | 53704 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| Bill Beisenstein | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Gordon Derzon | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Pam Druhan | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Marshall Mennenga | ||||||
| director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Dianne Redsten | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Mary Strickland | ||||||
| Director (Thru February) | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Robert Tercek | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| David Villa | ||||||
| director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| James Riordan | ||||||
| President | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Lawrence Barton | ||||||
| Vice President | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Robin Roberts | ||||||
| Secretary | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Ashok Bhargava | ||||||
| Treasurer | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Tammy Thayer | ||||||
| Chief Executive Officer | 40.00 | $155,924 | $0 | $22,814 | Yes (X) | |
| Robert Dinndorf | ||||||
| Executive Director Philanthropy | 40.00 | $105,000 | $0 | $4,200 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $260,924 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $27,014 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $3,635,194 | AllOtherContributionsAmt |
| Noncash Contributions | $116,057 | NoncashContributionsAmt |
| Total Contributions | $3,635,194 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Rental Revenue | Desc |
| Business | 531120 | BusinessCd |
| Total Revenue Column | $373,930 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $373,930 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $373,930 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $216,443 | TotalRevenueColumnAmt |
| Exclusion | $216,443 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,003,152 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,280,178 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$277,026 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$277,026 | TotalRevenueColumnAmt |
| Exclusion | -$277,026 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $177,263 | TotalRevenueColumnAmt |
| Exclusion | $177,263 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $177,263 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,125,804 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $373,930 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $116,680 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,234,115 | TotalAmt |
| Program Services | $1,234,115 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $335,109 | TotalAmt |
| Management And General | $154,058 | ManagementAndGeneralAmt |
| Fundraising | $181,051 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $343,686 | TotalAmt |
| Management And General | $186,927 | ManagementAndGeneralAmt |
| Fundraising | $156,759 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,095 | TotalAmt |
| Management And General | $3,859 | ManagementAndGeneralAmt |
| Fundraising | $3,236 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,593 | TotalAmt |
| Management And General | $4,130 | ManagementAndGeneralAmt |
| Fundraising | $3,463 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,048 | TotalAmt |
| Management And General | $28,852 | ManagementAndGeneralAmt |
| Fundraising | $24,196 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,998 | TotalAmt |
| Management And General | $3,998 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,417 | TotalAmt |
| Management And General | $24,417 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,744 | TotalAmt |
| Management And General | $69,744 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,538 | TotalAmt |
| Management And General | $77,538 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,993 | TotalAmt |
| Management And General | $4,993 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,927 | TotalAmt |
| Management And General | $8,927 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,657 | TotalAmt |
| Management And General | $36,657 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,944 | TotalAmt |
| Management And General | $2,944 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,172 | TotalAmt |
| Management And General | $100,172 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $92,450 | TotalAmt |
| Management And General | $92,450 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,541 | TotalAmt |
| Management And General | $7,541 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Capital Expense | $458,475 | $458,475 | |
| Program expense | $300,174 | $300,174 | |
| Bad Debt | $600 | $600 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,132 | TotalAmt |
| Management And General | $27,329 | ManagementAndGeneralAmt |
| Fundraising | $39,803 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,236,408 | TotalAmt |
| Program Services | $1,992,764 | ProgramServicesAmt |
| Management And General | $835,136 | ManagementAndGeneralAmt |
| Fundraising | $408,508 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $530,491 | BOYAmt |
| EOY | $635,956 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,218,339 | BOYAmt |
| EOY | $2,311,889 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,343,538 | BOYAmt |
| EOY | $4,031,291 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,946 | BOYAmt |
| EOY | $11,551 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $4,301,790 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $351,103 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,043,624 | BOYAmt |
| EOY | $3,950,687 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,681,930 | BOYAmt |
| EOY | $7,485,256 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $920,037 | BOYAmt |
| EOY | $157,601 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,334 | BOYAmt |
| EOY | $88,020 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,850,399 | BOYAmt |
| EOY | $18,672,251 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $149,021 | BOYAmt |
| EOY | $128,780 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,251,942 | BOYAmt |
| EOY | $2,043,856 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,400,963 | BOYAmt |
| EOY | $2,172,636 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,059,384 | BOYAmt |
| EOY | $1,020,970 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,438,371 | BOYAmt |
| EOY | $9,325,989 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,951,681 | BOYAmt |
| EOY | $6,152,656 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,449,436 | BOYAmt |
| EOY | $16,499,615 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,850,399 | BOYAmt |
| EOY | $18,672,251 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $889,396 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $160,783 | 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 | $1,718,188 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,659,974 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,076,218 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,554,036 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,635,194 | CurrentTaxYearAmt |
| Total | $16,643,610 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,718,188 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,659,974 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,076,218 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,554,036 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,635,194 | CurrentTaxYearAmt |
| Total | $16,643,610 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $5,912,804 | SubstantialContributorsTotAmt |
| Public Support Total170 | $10,730,806 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $206,403 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $587,237 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $609,848 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $229,637 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $216,443 | CurrentTaxYearAmt |
| Total | $1,849,568 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $18,493,178 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,425,658 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.58030 | PublicSupportCY170Pct |
| Public Support PY170 | 0.54580 | 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 | $5,762,142 | BeginningYearBalanceAmt |
| Contributions | $1,414,674 | ContributionsAmt |
| Investment Earnings Or Losses | $30,456 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $375,778 | AdministrativeExpensesAmt |
| End Year Balance | $6,831,494 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,569,666 | BeginningYearBalanceAmt |
| Contributions | $279,957 | ContributionsAmt |
| Investment Earnings Or Losses | $115,847 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $203,328 | AdministrativeExpensesAmt |
| End Year Balance | $5,762,142 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,676,219 | BeginningYearBalanceAmt |
| Contributions | $385,554 | ContributionsAmt |
| Investment Earnings Or Losses | $737,004 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $229,111 | AdministrativeExpensesAmt |
| End Year Balance | $5,569,666 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,502,909 | BeginningYearBalanceAmt |
| Contributions | $127,688 | ContributionsAmt |
| Investment Earnings Or Losses | $240,458 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $194,836 | AdministrativeExpensesAmt |
| End Year Balance | $4,676,219 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,271,852 | BeginningYearBalanceAmt |
| Contributions | $262,718 | ContributionsAmt |
| Investment Earnings Or Losses | $129,003 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $160,664 | AdministrativeExpensesAmt |
| End Year Balance | $4,502,909 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.90060 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.09940 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $962,219 | OtherCostOrOtherBasisAmt |
| Book Value | $962,219 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,295,413 | OtherCostOrOtherBasisAmt |
| Depreciation | $334,611 | DepreciationAmt |
| Book Value | $2,960,802 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $44,158 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,492 | DepreciationAmt |
| Book Value | $27,666 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,950,687 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $4,218,843 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $160,783 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $2,000 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$69,744 | OtherRevenueAmt |
| Revenue Not Reported | $93,039 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,125,804 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $4,125,804 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,168,664 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $2,000 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $2,000 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,166,664 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $69,744 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $69,744 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,236,408 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 -69,744. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| Scholarships | 815 | $1,155,064 |
| Student Grants | 82 | $79,051 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | 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 CEO signs the checks for all grant disbursements. Average grants are $500 per individual. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Tammy Thayer | PersonNm |
| Title | Chief Executive Officer | TitleTxt |
| Base Compensation Filing Org | $155,507 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $417 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $6,369 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $16,445 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $178,738 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule M IRS990ScheduleM
Cars And Other Vehicles CarsAndOtherVehiclesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 7 | ContributionCnt |
| Noncash Contributions Rpt F990 | $15,269 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Sale comparable Prop | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | Equip & Supplies | 11 | $70,420 | Cost of donated prop |
| Yes (X) | Software | 1 | $27,040 | Cost of donated prop |
| Yes (X) | Various Items | 9 | $3,328 | 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 | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Column (b): | FormAndLineReferenceDesc |
| Explanation | The organization tracks and reports the actual number of contributions received. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, line 2 | During fiscal year 2016 the organization embarked on a capital campaign, the activity of which is disclosed on Form 990, Part III, Line 4b. |
| Form 990, Part VI, Section B, line 11 | 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. |
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