2012-11-12T16:34:53-06:00 2012-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 115 SOUTH 84TH STREET SUITE 400 MILWAUKEE WI 53214 990 2011-07-01 391341603 MILWAUKEE AREA TECHNICAL COLLEGE FOUNDATION INC MILW 4142977997 700 WEST STATE STREET NO 214 MILWAUKEE WI 532331443 JEFFREY NELSON 4142977997 2012-11-06 1 TROY E MARINE CPA P00187863 4147775500 2012-11-06 2011 2016-02-24 21:20:13Z JEFFREY NELSON 700 WEST STATE STREET NO 214 MILWAUKEE WI 532331443 11360123 0 X WWW.MATC.EDU/FOUNDATION X 1979 WI THE MILWAUKEE AREA TECHNICAL COLLEGE FOUNDATION, INC. IS A NOT-FOR-PROFIT CORPORATION ORGANIZED AND OPERATED TO SECURE COMMUNITY INVOLVEMENT WITH, INCLUDING FIANCIAL SUPPORT OF, THE MILWAUKEE AREA TECHNICAL COLLEGE (MATC). THE SPECIFIC PURPOSES OF THE FOUNDATION ARE TO SOLICIT, HOLD, MANAGE, INVEST AND EXPEND CONTRIBUTIONS, GRANTS AND BEQUESTS (INCLUDING ENDOWMENT GIFTS) EXCLUSIVELY FOR THE MAINTENANCE, SUPPORT AND BENEFIT OF THE MILWAUKEE AREA TECHNICAL COLLEGE. 19 18 0 21 0 0 419849 7033458 0 0 255195 112328 0 -15182 675044 7130604 493872 1897017 0 0 85261 123750 0 0 42100 106316 108733 685449 2129500 -10405 5001104 5097085 9867487 2500 74660 5094585 9792827 X TO ENHANCE BUSINESS & COMMUNITY PARTNERSHIPS, OBTAIN THE RESOURCES & ENDOWMENT NECESSARY TO ENSURE ACCESS TO MATC & CAREER SUCCESS FOR ALL GREATER MILWAUKEE AREA STUDENTS REGARDLESS OF FINANCIAL STATUS, WHILE SERVING AS A CATALYST FOR THE ECONOMIC VITALITY OF THE REGION. 1 1 223634 223634 THE FOUNDATION RAISED $270,742 IN SCHOLARSHIP REVENUE AND AWARDED OVER 300 SCHOLARSHIPS AND EMERGENCY GRANT ASSISTANCE TO STUDENTS TOTALING $223,634, REPRESENTING AN INCREASE OF 20% OVER THE PREVIOUS YEAR AND 146% OVER THE TOTAL AWARDED TWO YEARS AGO. THE LONG-TERM GOAL IS TO SIGNIFICANTLY INCREASE SCHOLARSHIP SUPPORT TO MATC STUDENTS. 171460 171460 THE FOUNDATION EXCEEDED ITS GOAL FOR DONATED PROPERTY/EQUIPMENT BY 14%. 1415473 1415473 THE FOUNDATION ASSUMED THE ROLE OF ADMINISTERING CONTRIBUTED FUNDS FOR SUPPORT OF MILWAUKEE PUBLIC TELEVISION, WHICH WAS PREVIOUSLY HANDLED BY A SEPARATE 501(C)3 ORGANIZATION. BY DOING SO, ADMINSTRATIVE EXPENSES FOR MANAGING THESE FUNDS HAVE BEEN SIGNIFICANTLY REDUCED, RESULTING IN AN INCREASE IN NET CONTRIBUTED REVENUE AVAILABLE TO SUPPORT THE OPERATIONS OF MILWAUKEE PUBLIC TELEVISION. 175442 86450 0 OTHER PROGRAM SERVICES INCLUDE FINANCIAL SUPPORT FOR VARIOUS PROGRAMS WITHIN MATC. 175442 86450 1986009 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 1 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 0 0 0 1 0 1 3 0 0 0 0 0 0 0 1 1 0 0 0 1 0 X 19 18 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X CHRISTINE MCGEE 4142977997 700 WEST STATE STREET SUITE 214 MILWAUKEE WI 532331443 ANGELA RESTER 0.50 X X 0 0 0 BRIAN LEHOUILLIER 0.50 X X 0 0 0 DAVID BISHOP 0.50 X X 0 0 0 DEAN MULLER 0.50 X 0 0 0 DONALD GOGAN 0.50 X 0 0 0 DOUG WINTER 0.50 X 0 0 0 ERIC REISNER 0.50 X 0 0 0 GARY COLPAERT 0.50 X 0 0 0 GEORGE HINTON 0.50 X 0 0 0 JEANNETTE BELL 0.50 X X 0 0 0 JEFFREY NELSON 0.50 X X 0 0 0 JEROME MCGINNIS 0.50 X X 0 0 0 JIM MILNER 0.50 X 0 0 0 L RICHARD KINNEY 0.50 X 0 0 0 LINDA STEWART 0.50 X 0 0 0 MARIA AVILA 0.50 X 0 0 0 MICHAEL BURKE 0.50 X 0 233939 49352 RICHARD MONROE 0.50 X 0 0 0 ROBERT DAVIS 0.50 X X 0 0 0 SHELLEY JUREWICZ 0.50 X 0 0 0 CHRISTINE MCGEE 40.00 X 51975 35958 28338 51975 269897 77690 0 0 1 0 0 31800 7001658 274192 7033458 139010 139010 4178129 4204811 -26682 -26682 -26682 9526 31800 24708 -15182 -15182 7130604 0 0 97146 1673383 1673383 223634 223634 51975 25987 12994 12994 71775 35887 17944 17944 34400 34400 23770 23770 6529 1306 1306 3917 20875 10437 5219 5219 45 45 3480 3480 OTHER DIRECT EXPENSES 15375 15375 DEVELOPMENT 1878 1878 BANK FEES 1061 1061 BOARD EXPENSE 950 950 370 222 148 2129500 1986009 101391 42100 51745 816841 399263 432945 9600 124549 1480 0 4634997 4269744 0 4223408 5097085 9867487 2500 46060 28600 2500 74660 X 1260262 925777 1346495 6437101 2487828 2429949 5094585 9792827 5097085 9867487 X 5001104 -302862 X X 0 1 1 X 0 X 862836 290435 386215 419849 7033458 8992793 297000 318000 277000 160000 102732 1154732 1159836 608435 663215 579849 7136190 10147525 10147525 179968 117424 108655 124826 139010 669883 10817408 0.93810 0.85880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2487828 173788 -65381 138402 27884 2429949 2113063 10250 364515 2487828 1939605 2589 170869 2113063 2061229 183118 -303742 1000 1939605 1.00000 0 0 0 MPTV FRIENDS, INC. TRANSFER RECEIVABLE 4223408 4223408 7130604 2129500 5001104 -200130 -102732 -302862 4698242 6955182 -200130 24708 -175422 7130604 0 7130604 2256940 102732 24708 127440 2129500 0 2129500 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE DESIGNATED BY DONORS FOR SCHOLARSHIPS AND PROGRAMS WITHIN MATC. PARTNERS IN EXCELLENCE 12925 9950 2975 8141 225 1192 FIVE STAR EVENT 14051 12500 1551 450 1499 2 14350 9350 5000 11321 1879 41326 31800 9526 19462 675 4570 24707 -15181 1 MILWAUKEE AREA TECHNICAL COLLEGE 700 W STATE STREET MILWAUKEE WI 53233 396003459 86450 171460 FMV EQUIPMENT, MEDICAL SUPPLIES, TOOLS, MATERIALS FOR EDUCATIONAL AND EDUCATION-RELATED NEEDS MILWAUKEE AREA TECHNICAL COLLEGE 700 W STATE STREET MILWAUKEE WI 53233 396003459 1415473 FMV MPTV OPERATIONAL EXPENSES 1 SCHOLARSHIPS 300 223634 PROVIDE EDUCATIONAL SCHOLARSHIPS PART I, LINE 2 PROCEDURES FOR MONITORING GRANTS IN THE UNITED STATES: THE MATC FOUNDATION, INC. OPERATES AND MAINTAINS A COMPREHENSIVE RANGE OF FUNDS THAT HAVE BEEN ESTABLISHED TO SUPPORT THE EDUCATIONAL AND STRATEGIC GOALS OF THE COLLEGE AND MATC STUDENTS ANNUALLY. THE FOUNDATION AWARDS A WIDE RANGE OF SCHOLARSHIPS TO STUDENTS IN MILWAUKEE AREA TECHNICAL COLLEGE. ADDITIONALLY, THE FOUNDATION PROVIDES INSTITUTIONAL GRANTS THAT SUPPORT FACULTY AND STUDENT ACHIEVEMENT ON MANY LEVELS. SCHOLARSHIPS AND GRANTS ARE GIVEN BASED ON MEETING QUALIFYING CRITERIA. SCHOLARSHIPS ARE PAID DIRECTLY TO MATC AND ARE APPLIED TO STUDENT ACCOUNTS. OTHER GRANTS ARE PAID TO THIRD PARTIES WHENEVER POSSIBLE. 0 0 0 0 0 0 0 0 0 MICHAEL BURKE 0 233939 0 0 0 0 0 0 0 49352 0 283291 0 0 X 1275 FMV X 1 1000 FMV X 1 75000 FMV X 4 15922 FMV X EQUIPMENT 3 73344 FMV X MATERIALS 6 4931 FMV 0 0 0 NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 THE MATC FOUNDATION ASSUMED THE ROLE OF ADMINISTERING FUNDS RAISED FOR MILWAUKEE PUBLIC TELEVISION CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 THE MATC FOUNDATION ASSUMED THE MANAGEMENT OF THE SCHOLARSHIP APPLICATION AND AWARDING PROCESS PREVIOUSLY HANDLED BY MATC'S FINANCIAL AID OFFICE. THE FOUNDATION IMPLEMENTED AN AUTOMATED SCHOLARSHIP MANAGEMENT SYSTEM TO MAKE IT EASIER FOR STUDENTS TO APPLY FOR SCHOLARSHIPS AND FOR THE FOUNDATION TO AWARD SCHOLARSHIPS. FORM 990, PART VI, SECTION A, LINE 4 THE LANGUAGE IN ARTICLE II OF THE FOUNDATION'S ARTICLES OF INCORPORATION WAS AMENDED TO ENHANCE ITS ABILITY TO ADMINISTER DONOR-RESTRICTED SCHOLARSHIP FUNDS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND SENT TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND EXECUTIVE DIRECTOR ANNUALLY DISCLOSE POTENTIAL CONFLICTS TO THE BOARD VIA A PRINTED FORM. THE BOARD WILL DETERMINE THE APPROPRIATE COURSE OF ACTION OR IF NO ACTION IS NEEDED. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR COMPENSATION - PERFORMANCE REVIEW IS ANNUALLY CONDUCTED BY MATC (RELATED ORGANIZATION). MATC ALSO PAYS COMPENSATION OF EXECUTIVE DIRECTOR. COMPENSATION IS DETERMINED BASED ON A COMPREHENSIVE PROCESS CONDUCTED BY MATC'S HUMAN RESOURCES DEPARTMENT AND INCLUDES COMPARATIVE DATA. FORM 990, PART VI, SECTION C, LINE 19 MILWAUKEE AREA TECHNICAL COLLEGE FOUNDATION, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. AUDITED FINANCIAL INFORMATION FOR THE FOUNDATION IS INCLUDED IN AN ANNUAL REPORT PRODUCED BY MATC, WHICH IS MAILED TO MAJOR DONORS AND COMMUNITY LEADERS, AS WELL AS POSTED ON OUR WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -200,130. DONATED SERVICES AND USE OF FACILITIES: -102,732. TOTAL TO FORM 990, PART XI, LINE 5: -302,862. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESS FOR ASSUMING RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. MILWAUKEE AREA TECHNICAL COLLEGE 700 W STATE STREET MILWAUKEE WI 53233 396003459 EDUCATION WI GOVERNMENTAL UNIT 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 MILWAUKEE AREA TECHNICAL COLLEGE B 223634 FMV MILWAUKEE AREA TECHNICAL COLLEGE B 86450 FMV MILWAUKEE AREA TECHNICAL COLLEGE B 171460 FMV MILWAUKEE AREA TECHNICAL COLLEGE N 102732 FMV MILWAUKEE AREA TECHNICAL COLLEGE N 123750 FMV MILWAUKEE AREA TECHNICAL COLLEGE M 20875 FMV MILWAUKEE AREA TECHNICAL COLLEGE O 1415473 FMV MILWAUKEE AREA TECHNICAL COLLEGE O 15375 FMV