2015-02-16T15:13:03-06:00 2014-06-30 390857178 SMITH & GESTELAND LLP PO BOX 1764 MADISON WI 53701 990 2013-07-01 237265867 MADISON AREA TECHNICAL COLLEGE FOUNDATION INC MADI 6082466441 3591 ANDERSON STREET NO 203 MADISON WI 537042599 TAMMY THAYER CHIEF EXECUTIVE OFFICER 6082466441 2015-02-11 1 KEITH H BAUMGARTNER P00187845 6088367500 2013 2016-02-25 16:41:14Z TAMMY THAYER 3591 ANDERSON STREET NO 203 MADISON WI 537042599 5676949 0 X HTTP://MATCMADISON.EDU X 1973 WI THE FOUNDATION SOLICITS, RECEIVES, MANAGES AND DISTRIBUTES GIFTS FROM ALUMNI, CORPORATIONS, FOUNDATIONS, COMMUNITY ORGANIZATIONS AND OTHER FRIENDS OF THE COLLEGE. THESE GENEROUS GIFTS ENHANCE MADISON COLLEGE'S ABILITY TO PROVIDE AN ACCESSIBLE, HIGH QUALITY EDUCATION TO MEED STUDENT NEEDS AND TO HELP DEVELOP A HIGHLY SKILLED WORKFORCE FOR SOUTHERN WISCONSIN. 17 16 9 0 0 0 1659974 2076218 0 0 443924 618609 88583 265207 2192481 2960034 1650747 1583991 0 0 65378 693682 0 0 291848 274949 200815 1991074 2478488 201407 481546 11898154 12732705 3171982 2995451 8726172 9737254 X THE MADISON AREA TECHNICAL COLLEGE FOUNDATION SOLICITS, RECEIVES, MANAGES AND DISBURSES FUNDS, EQUIPMENT AND OTHER RESOURCES FOR THE BENEFIT OF MADISON AREA TECHNICAL COLLEGE AND ITS STUDENTS. 0 0 1118542 1118542 MATC FOUNDATION PROVIDES SCHOLARSHIPS SOLELY FOR STUDENTS OF THE MADISON AREA TECHNICAL COLLEGE.SCHOOL SCHOLARSHIPS: HELP STUDENTS AFFORD ACCESS TO THE COLLEGE AND REWARD ACADEMIC EXCELLENCE. 62646 62646 STUDENT GRANTS: PROVIDE SMALL AMOUNTS OF FINANCIAL ASSISTANCE TO RETAIN STUDENTS WHO ARE ENROLLED BUT ENCOUNTER FINANCIAL EMERGENCIES FOR WHICH THE STUDENTS DO NOT HAVE OTHER RESOURCES. 291196 291196 265326 GENERAL PROGRAM SUPPORT: PROVIDES A MARK OF DISTINCTION BY ACQUIRING SUPPLIES, EQUIPMENT, FACILITY ENHANCEMENTS AND PROVIDING OTHER FUNDING FOR COLLEGE PRIORITIES THAT IS NOT AVAILABLE THROUGH THE COLLEGE BUDGET. 119749 111607 INNOVATION GRANTS: THE MADISON COLLEGE FOUNDATION INNOVATION GRANTS PROGRAM PROVIDES FUNDING TO STUDENTS, FACULTY, AND STAFF FOR THE DEVELOPMENT AND IMPLEMENTATION OF HIGH QUALITY PROJECTS THAT SUPPORT COLLEGE GOALS AND/OR THE COLLEGE MISSION. FOUNDATION INNOVATION GRANTS FINANCE PROJECTS NOT NORMALLY FUNDED BY THE COLLEGE BUDGET OR OTHER SOURCES. EVIDENCE MUST BE PROVIDED THAT THE PROPOSED PROJECT IS LINKED TO A UNIT PLAN OR OTHER COLLEGE INITIATIVE AND HAS BEEN DISCUSSED WITH APPROPRIATE DEPARTMENT LEADERSHIP. MORE THAN $250,000 IN FUNDING HAS BEEN PROVIDED TO OVER 100 PROJECTS SINCE THE GRANTS PROGRAM WAS ESTABLISHED IN 1999. 119749 111607 1592133 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 10 0 1 9 1 0 0 0 0 0 1 1 0 0 0 1 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 WI X MARY C SMITH 6086163521 3591 ANDERSON ST MADISON WI 53704 JACK DANIELS EX OFFICIO 1.00 X 0 0 0 LARRY BARTON DIRECTOR 1.00 X 0 0 0 ASHOK BHARGAVA PRESIDENT 5.00 X X 0 0 0 DAVID J DEAN TRUSTEE 2.00 X 0 0 0 GORDON DERZON DIRECTOR 1.00 X 0 0 0 PAM DRUHAN DIRECTOR 1.00 X 0 0 0 LAU CHRISTENSEN DIRECTOR 1.00 X 0 0 0 DIANNE REDSTEN DIRECTOR 1.00 X 0 0 0 JANET HARTUNG RENFERT TREASURER 3.00 X X 0 0 0 JIM RIORDAN DIRECTOR 1.00 X 0 0 0 ROBIN ROBERTS DIRECTOR 1.00 X 0 0 0 CAROLYN STONER EX OFFICIO 1.00 X 0 0 0 MARY STRICKLAND DIRECTOR 1.00 X 0 0 0 BOB TERCEK DIRECTOR 1.00 X 0 0 0 BETTSEY BARHORST PART YEAR EX OFFICIO 10.00 X X 0 265037 27987 SUSAN LABELLE DIRECTOR 1.00 X 0 0 0 DAVID VILLA DIRECTOR 1.00 X 0 0 0 LISA WOERPEL DIRECTOR 1.00 X 0 0 0 ROBERT DINNDORF EXECUTIVE DIRECTOR PHILANTHROPY 40.00 X 60096 74969 22142 TAMMY THAYER CHIEF EXECUTIVE OFFICER 40.00 X 116215 53107 9877 176311 393113 60006 1 0 1 0 0 51882 2024336 111607 2076218 235918 235918 373930 218299 155631 155631 155631 2863688 2480997 382691 382691 382691 17500 51882 17619 -119 -119 MISCELLANEOUS INCOME 900099 109695 109695 109695 2960034 265326 0 618490 291196 291196 1292795 1292795 226792 166696 60096 341955 174552 167403 74221 45938 28283 50714 30428 20286 8105 8105 23500 23500 76266 76266 12146 12146 5300 5300 8142 8142 15789 15789 8467 8467 2037 2037 CONTRACTUAL SERVICES 10712 10712 PROFESSIONAL FEES 8800 8800 DUES AND SUBSCRIPTIONS 8560 8560 GENERAL FUNDRAISING 5689 5689 7302 2511 4791 2478488 1592133 594507 291848 549838 495190 273761 125425 600 466 200 7128 4274905 165432 4176655 4109473 6718467 7771711 2974 2762 175659 220550 11898154 12732705 57435 77484 46492 0 3068055 2917967 3171982 2995451 X 909697 1226679 4381595 4801072 3434880 3709503 8726172 9737254 11898154 12732705 481546 529536 0 X X 0 1 X 1 0 X 1757524 1675860 1718188 1659974 2014771 8826317 1757524 1675860 1718188 1659974 2014771 8826317 143331 8682986 120653 197609 206403 587237 609848 1721750 10548067 166213 0.82320 0.85360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4676219 385554 737004 229111 5569666 4502909 127688 240458 194836 4676219 4271852 262718 129003 160664 4502909 3133237 474172 787500 4394909 2364081 281081 488075 3133237 0.02100 0.66600 0.31300 0 0 962219 962219 3295413 165432 3129981 17273 17273 4109473 3639659 529536 529536 3110123 76266 -226355 -150089 2960034 2628577 150089 150089 2478488 0 2478488 PART V, LINE 4: ALL ENDOWMENTS ARE FOR THE PURPOSE OF PROVIDING CONTINUAL FINANCIAL SUPPORT TO THE FOUNDATION TO ALLOW IT TO CONTINUE 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 XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE -17,619. DEPRECIATION AND AMORTIZATION EXPENSE RELAED TO RENTAL ACTIVITY -76,203. INTEREST EXPENSE RELATED TO RENTAL ACTIVITY -142,098. PROVISION FOR UNCOLLECTIBLE PLEDGES 9,565. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 17,619. INVESTMENT EXPENSES NETTED WITH GAINS ON FINANCIAL STATEMENTS -76,266. DEPRECIATION AND AMORTIZATION EXPENSE RELATED TO RENTAL ACTIVITY 76,203. INTEREST EXPENSE RELATED TO RENTAL ACTIVITY 142,098. PROVISION FOR UNCOLLECTIBLE PLEDGES -9,565. BETTSEY BARHORST TRIBUTE 69382 51882 17500 2477 1600 13542 69382 51882 17500 2477 1600 13542 17619 -119 1 MADISON AREA TECHNICAL COLLEGE 3550 ANDERSON STREET MADISON WI 53704 391067818 501(C)(3) 291196 CAPITAL AND SPECIAL PROJECTS SCHOLARSHIPS 1706 1118542 STUDENT GRANTS 161 62646 GIFTS-IN-KIND 0 0 111607 MARKET VALUE VARIOUS ITEMS TO ASSIST IN INSTRUCTIONS OF STUDENTS, SUCH AS CARS, COMPUTER EQUIPMENT, PROGRAM EQUIPMENT, AND TOYS FOR CHILDREN. 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(S) AND/OR FOOD STORE CARD(S). X 1 1 X 0 0 0 0 0 0 0 0 0 BETTSEY BARHORST PART YEAR EX OFFICIO 0 265037 0 0 0 0 0 0 0 27987 0 293024 0 0 ROBERT DINNDORF EXECUTIVE DIRECTOR PHILANTHROPY 60096 74969 0 0 0 0 0 0 3564 18578 63660 93547 0 0 TAMMY THAYER CHIEF EXECUTIVE OFFICER 116215 53107 0 0 0 0 0 0 0 9877 116215 62984 0 0 PART I, LINE 1A SOCIAL CLUB DUES ARE CONSIDERED A MEMBERSHIP EXPENSE FOR THE FOUNDATION. THEY 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 EQUIPMENT & S 28 85341 X OTHER 20 19766 X AUCTION ITEMS 39 6500 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE CHAIRPERSON, AS WELL AS THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER, REVIEW FORM 990 BEFORE FILING. THE CHIEF EXECUTIVE OFFICER SIGNS THE RETURN. 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 COLLEGE 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. A. SCOPE-THE OFFICERS, EMPLOYEES, OR AGENTS OF THE FOUNDATION SHOULD NEITHER SOLICIT NOR ACCEPT GRATUITIES, FAVORS, OR ANYTHING OF MONETARY VALUE FROM CONTRACTORS/VENDORS. THIS IS NOT INTENDED TO PRECLUDE BONA-FIDE FUND RAISING-ACTIVITIES OF THE MADISON COLLEGE FOUNDATION. B. RELATIONSHIPS-NO BOARD MEMBER OR STAFF MEMBER OF THE FOUNDATION SHALL PARTICIPATE IN THE SELECTION, AWARD, OR ADMINISTRATION OF A PURCHASE FROM, OR CONTRACT WITH A VENDOR WHERE, TO THE KNOWLEDGE OF THE EMPLOYER OR BOARD MEMBER, ANY OF THE FOLLOWING HAS A FINANCIAL INTEREST IN THAT PURCHASE OR CONTRACT: 1. THE BOARD OR STAFF MEMBER; 2. ANY MEMBER OF THEIR IMMEDIATE FAMILY; 3. THEIR PARTNER; 4. AN ORGANIZATION IN WHICH ANY OF THE ABOVE IS AN OFFICER, DIRECTOR, OR EMPLOYEE; 5. A PERSON OR ORGANIZATION WITH WHOM ANY OF THE ABOVE INDIVIDUALS IS NEGOTIATING OR HAS ANY ARRANGEMEN CONCERNING PROSPECTIVE EMPLOYMENT. C. DISCLOSURE-ANY POSSIBLE CONFLICT OF INTEREST SHALL BE DISCLOSED BY THE PERSON OR PERSONS CONCERNED. D. BOARD ACTION-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 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. E. RECORD OF CONFLICT-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. F. SIGNATURE AND EFFECTIVE DATE-THE UNDERSIGNED AGREES TO ABIDE BY THIS CONFLICT OF INTEREST POLICY. THE DISCLOSURE STATEMENT SHALL BE SIGNED ANNUALLY BY EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR IS A COLLEGE EMPLOYEE. THE ADMINISTRATIVE SALARY SCHEDULE IS SET BY THE COLLEGE BOARD OF TRUSTEES FOR THE APPROXIMATELY 90 ADMINISTRATORS ON THIS SCHEDULE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE BY CONTACTING THE FOUNDATION OFFICE BY PHONE, EMAIL OR BY MAIL. AN ANNUAL REPORT IS SENT TO ALL DONORS. THE IRS 990 IS AVAILABLE ON OTHER WEBSITES. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED IN THE PAST YEAR. MADISON AREA TECHNICAL COLLEGE 3550 ANDERSON STREET MADISON WI 53704 391067818 EDUCATIONAL ORGANIZATION WI 501(C)(3) LINE 2 N/A 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 MADISON AREA TECHNICAL COLLEGE B 291196 MADISON AREA TECHNICAL COLLEGE C 18533