2014-05-14T15:49:33-05:00 2013-06-30 390857178 SMITH & GESTELAND LLP PO BOX 1764 MADISON WI 53701 990 2012-07-01 237265867 MADISON AREA TECHNICAL COLLEGE FOUNDATION INC MADI 6082466441 3591 ANDERSON STREET NO 203 MADISON WI 537042599 TAMMY THAYER 6082466441 2014-05-09 1 KEITH H BAUMGARTNER P00187845 6088367500 2012 2015-11-30 17:44:51Z X TAMMY THAYER 3591 ANDERSON STREET NO 203 MADISON WI 537042599 5420929 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 MEET STUDENT NEEDS AND TO HELP DEVELOP A HIGHLY SKILLED WORKFORCE FOR SOUTHERN WISCONSIN. 20 18 0 0 0 0 1718188 1659974 0 0 310243 443924 16487 88583 2044918 2192481 1316472 1650747 0 0 65000 65378 0 0 50354 261900 274949 1643372 1991074 401546 201407 8125009 11898154 35610 3171982 8089399 8726172 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 1030264 1030264 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. 401096 401096 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. 116793 113140 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. 127430 106247 INNOVATION GRANTS: THE MADISON COLLEGE FOUNDATION INNOVATION GRANTS PROGRAM PROVIDES FUNDING TO STUDENTS, FACUTLY, 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. 127430 106247 1675583 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 1 1 0 0 0 0 1 0 0 0 1 13 0 1 0 0 0 0 0 0 1 1 0 0 0 1 0 X 20 18 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 SUITE 203A MADISON WI 53704 LARRY BARTON 1.00 X 0 0 0 ASHOK BHARGAVA 5.00 X X 0 0 0 HOLLY CREMER BERKENSTADT 1.00 X 0 0 0 DAVID J DEAN 2.00 X 0 82239 9586 GORDON DERZON 1.00 X 0 0 0 PAM DRUHAN 1.00 X 0 0 0 LAU CHRISTENSEN 1.00 X 0 0 0 PETER FOY 1.00 X 0 0 0 BENNETTE HARRIS 1.00 X 0 0 0 LISA WOERPEL 1.00 X 0 0 0 DIANNE REDSTEN 1.00 X 0 0 0 JANET HARTUNG RENFERT 3.00 X X 0 0 0 JIM RIORDAN 1.00 X 0 0 0 ROBIN ROBERTS 1.00 X 0 0 0 MARY SCHMOEGER 1.00 X 0 0 0 MARY STRICKLAND 1.00 X 0 0 0 BOB TERCEK 1.00 X 0 0 0 BETTSEY BARHORST 10.00 X X 0 263950 42839 SUSAN LABELLE 1.00 X 0 0 0 DAVID VILLA 1.00 X 0 0 0 TAMMY THAYER 40.00 X 0 0 0 ROBERT DINNDORF 40.00 X 0 147491 35060 0 493680 87485 0 0 1 0 0 130702 1529272 142764 1659974 222269 222269 364968 240791 124177 124177 124177 3060185 2838530 221655 221655 221655 81762 130702 149127 -67365 -67365 MISCELLANEOUS INCOME 900099 31771 31771 31771 2192481 155948 0 376559 113140 113140 1537607 1537607 65378 65378 61672 61672 70774 70774 11242 11242 15457 3653 2764 9040 21183 21183 2992 2992 UNCOLLECTIBLE PLEDGE EX 34466 34466 DONOR DEVELOPMENT 23048 23048 DONOR RECOGNITION 18266 18266 MEMBERSHIPS 4311 4311 11538 11538 1991074 1675583 265137 50354 521725 549838 522423 273761 21609 600 1050 200 4257632 80977 61164 4176655 6864815 6718467 2974 132223 175659 8125009 11898154 35610 57435 46492 3068055 35610 3171982 X 771864 909697 4001030 4381595 3316505 3434880 8089399 8726172 8125009 11898154 201407 435366 0 X X 0 1 X 1 0 X 2357143 1757524 1675860 1718188 1659974 9168689 2357143 1757524 1675860 1718188 1659974 9168689 208443 8960246 159551 120653 197609 206403 587237 1271453 8234 16512 31771 56517 10496659 0.85360 0.91840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4502909 127688 240458 194836 4676219 4271852 262718 129003 160664 4502909 3010180 474172 787500 4271852 2241024 281081 488075 3010180 2425343 247829 -432148 2241024 0.02430 0.73460 0.24110 0 0 962219 962219 3295413 80977 3214436 4176655 2946991 435366 435366 2511625 70774 -389918 -319144 2192481 2310218 319144 319144 1991074 0 1991074 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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 -149,127. DEPRECIATION AND AMORTIZATION EXPENSE RELATED TO RENTAL ACTIVITY -81,180. INTEREST EXPENSE RELATED TO RENTAL ACTIVITY -159,611. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 149,127. INVESTMENT EXPENSES NETTED WITH GAINS ON FINANCIAL STATEMENTS -70,774. DEPRECIATION AND AMORTIZATION EXPENSE RELATED TO RENTAL ACTIVITY 81,180. INTEREST EXPENSE RELATED TO RENTAL ACTIVITY 159,611. REDSTEN GOLF CLASSIC 22452 12572 9880 769 5000 3476 635 CENTENNIAL EVENT 189742 118130 71612 118130 21117 212194 130702 81492 769 5000 121606 21752 149127 -67635 1 MADISON AREA TECHNICAL COLLEGE 3550 ANDERSON STREET MADISON WI 53704 391067818 501(C)(3) 113140 CAPITAL AND SPECIAL PROJECTS SCHOLARSHIPS 1593 1030264 STUDENT GRANTS 370 401096 GIFTS-IN-KIND 0 0 106247 MARKET VALUE VARIOUS ITEMS TO ASSIST IN INSTRUCTIONS OF STUDENTS, SUCH AS CARS, COMPUTER EQUIPMENT, PROGRRAM EQUIPMENT, AND TOYS FOR CHILDREN. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 0 263950 0 0 0 0 0 0 0 42839 0 306789 0 0 ROBERT DINNDORF 0 147491 0 0 0 0 0 0 0 35060 0 182551 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. JANET RENFERT - PORTER SACK CPAS DIRECTOR 54172 BOOKKEEPING SERVICES 0 X EQUIPMENT & SUPPLIES 78 117553 X AUCTION ITEMS 21 8347 X OTHER 14 16864 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THERE IS NO PRIOR REVIEW. 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. 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 0 0 0 0 0 1 0 0 0 0 MADISON AREA TECHNICAL COLLEGE O 471527 MADISON AREA TECHNICAL COLLEGE B 113140 MADISON AREA TECHNICAL COLLEGE C 18129