2016-04-14T15:25:27-05:00 2015-06-30 390758449 WIPFLI LLP PO BOX 8700 MADISON WI 537088700 990 2014-07-01 237265867 MADISON AREA TECHNICAL COLLEGE FOUNDATION INC MADI 6082466441 3591 ANDERSON STREET NO 203A MADISON WI 53704 TAMMY THAYER CHIEF EXECUTIVE OFFICER 6082466441 2016-04-13 1 JOHN HEMMING P00856805 6082741980 2016-04-13 2014 2016-08-17 19:52:53Z TAMMY THAYER 3591 ANDERSON STREET NO 203A MADISON WI 53704 10841837 0 X WWW.SUPPORTMADISONCOLLEGE.ORG X 1973 WI TO SUPPORT MADISON AREA TECHNICAL COLLEGE. 12 12 13 20 0 0 2076218 7554036 0 373845 618609 875077 265207 208754 2960034 9011712 1583991 1239244 0 0 693682 673596 0 0 240955 200815 788611 2478488 2701451 481546 6310261 12732705 17850399 2995451 2400963 9737254 15449436 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 1170970 1170970 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. 489871 0 373845 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. 68274 68274 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. 1729115 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 13 0 13 1 0 0 0 0 0 0 0 0 0 1 0 X 12 12 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 LARRY BARTON DIRECTOR 1.00 X 0 0 0 BILL BEISENSTEIN DIRECTOR 1.00 X 0 0 0 LAU CHRISTENSEN DIRECTOR (THRU OCTOBER) 1.00 X 0 0 0 DAVID J DEAN TRUSTEE (THRU OCTOBER) 2.00 X 0 0 0 GORDON DERZON DIRECTOR 1.00 X 0 0 0 PAM DRUHAN DIRECTOR 1.00 X 0 0 0 SUSAN LABELLE DIRECTOR (THRU OCTOBER) 1.00 X 0 0 0 MARSHALL MENNENGA DIRECTOR 1.00 X 0 0 0 DIANNE REDSTEN DIRECTOR 1.00 X 0 0 0 MARY STRICKLAND DIRECTOR 1.00 X 0 0 0 BOB TERCEK DIRECTOR 1.00 X 0 0 0 DAVID VILLA DIRECTOR 1.00 X 0 0 0 LISA WOERPEL DIRECTOR (THRU JANUARY) 1.00 X 0 0 0 JIM RIORDAN PRESIDENT 1.00 X X 0 0 0 ROBIN ROBERTS SECRETARY 1.00 X X 0 0 0 ASHOK BHARGAVA TREASURER 5.00 X X 0 0 0 JANET HARTUNG RENFERT TREASURER (THRU JULY) 3.00 X X 0 0 0 TAMMY THAYER CHIEF EXECUTIVE OFFICER 40.00 X 149454 0 22281 ROBERT DINNDORF EXECUTIVE DIRECTOR PHILANTHROPY 40.00 X 105769 0 4462 255223 0 26743 2 0 1 0 0 7554036 49105 7554036 RENTAL REVENUE 531120 373845 373845 373845 229637 229637 2475565 1830125 645440 645440 645440 208754 208754 208754 9011712 373845 0 1083831 1239244 1239244 286667 127796 158871 306061 240061 66000 3782 3782 20197 20197 56889 40805 16084 650 650 8000 8000 108620 108620 69825 69825 831 831 16913 16913 21827 21827 28542 28542 139369 139369 92594 92594 2430 2430 PROGRAM EXPENSE 227595 227595 BAD DEBT 13438 13438 57977 30313 27664 2701451 1729115 731381 240955 223854 530491 271336 1218339 125425 4343538 466 160 9890 35946 4301650 258026 4109473 4043624 7113882 6681930 820749 920037 57630 76334 12732705 17850399 77484 149021 2917967 2251942 2995451 2400963 X 1226679 1059384 4801072 10438371 3709503 3951681 9737254 15449436 12732705 17850399 6310261 -598079 0 X 0 1 X 1 0 X 1675860 1718188 1659974 2076218 7554036 14684276 1675860 1718188 1659974 2076218 7554036 14684276 5669700 9014576 197609 206403 587237 609848 229637 1830734 16515010 935078 0.54580 0.82320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5569666 279957 115847 203328 5762142 4676219 385554 737004 229111 5569666 4502909 127688 240458 194836 4676219 4271852 262718 129003 160664 4502909 3113237 474172 787500 4374909 0.02030 0.68580 0.29390 0 0 962219 962219 3295413 250113 3045300 44018 7913 36105 4043624 MONEY MARKET FUNDS 758596 C BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST 161441 F 920037 X 8338071 -598079 33058 -108620 -673641 9011712 0 9011712 2625889 33058 33058 2592831 108620 108620 2701451 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 MEET STUDENT NEEDS AND TO HELP DEVELOP A HIGHLY SKILLED WORKFORCE FOR SOUTHERN 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 -108,620. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGER FEES 108,620. 1 SCHOLARSHIPS 1600 1170970 STUDENT GRANTS 150 68274 PART I, LINE 2: THE SCHOOL COUNSELORS REQUEST GRANTS FOR STUDENTS FROM FOUNDATION DONORS. THE DIRECTOR OF PROCESS AND OPERATIONS IN THE LEARNER DEVELOPMENT CENTER REVIEWS ALL REQUESTS FOR APPROPRIATE NEED AND FINANCIAL AID CRITERIA. IF IT IS DETERMINED THAT THE STUDENT INDEED NEEDS A GRANT, THE REQUEST IS SENT TO THE FOUNDATION ACCOUNTANT TO ISSUE THE CHECK, GAS CARD AND/OR FOOD STORE CARD. X 1 1 X X X 0 0 0 0 0 0 0 0 0 TAMMY THAYER CHIEF EXECUTIVE OFFICER 149454 0 0 0 0 0 5855 0 16426 0 171735 0 0 0 PART I, LINE 1A SOCIAL CLUB DUES ARE CONSIDERED A MEMBERSHIP EXPENSE FOR MADISON AREA TECHNICAL COLLEGE FOUNDATION, INC. THESE SOCIAL CLUB DUES ARE NOT CONSIDERED COMPENSATION. COMPENSATION IS SET BY THE MADISON AREA TECHNICAL COLLEGE BOARD OF TRUSTEES USING ESTABLISHED PRACTICES. THESE PRACTICES GOVERN COMPENSATION OF STAFF ASSIGNED TO FOUNDATION-RELATED WORK. X 3 5622 SALE OF COMPARABLE PROP X MAGAZINE SUB 1 23680 COST OF DONATED PROP X EQUIP & SUPPLIES 5 13820 COST OF DONATED PROP X VARIOUS ITEMS 6 5983 COST OF DONATED PROP 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION TRACKS AND REPORTS THE ACTUAL NUMBER OF CONTRIBUTIONS RECEIVED. 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. 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.