MILWAUKEE AREA TECHNICAL COLLEGE FOUNDATION INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- MILWAUKEE AREA TECHNICAL COLLEGE FOUNDATION INC (EIN 39-1341603)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2011-11-14
- IRS object ID
- 201113189349300541
- Schema version
- 2010v3.4
- 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) |
|---|---|---|
| Timestamp | 2011-11-14T15:03:20-06:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCRIBNER COHEN AND COMPANY SC CPAS | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 EAST MASON STREET SUITE 300 | AddressLine1 |
| City | MILWAUKEE | City |
| State | WI | State |
| ZIP Code | 53202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 391341603 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MILWAUKEE AREA TECHNICAL COLLEGE FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MILW | NameControl |
| Phone | 4142977997 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 WEST STATE STREET | AddressLine1 |
| City | MILWAUKEE | City |
| State | WI | State |
| ZIP Code | 532331443 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JEFFREY NELSON | Name |
| Title | TREASURER | Title |
| Phone | 4142977997 | Phone |
| Date Signed | 2011-11-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KELLY K MILLER CPA | Name |
| Phone | 4142711700 | Phone |
| Date Prepared | 2011-11-11 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JEFFREY NELSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 WEST STATE STREET | AddressLine1 |
| City | MILWAUKEE | City |
| State | WI | State |
| ZIP Code | 532331443 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 2098289 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | MATC.EDU/FOUNDATION/ABOUT.HTML | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1979 | YearFormation |
| State Legal Domicile | WI | StateLegalDomicile |
| Activity Or Mission Description | TO ENHANCE BUSINESS AND COMMUNITY PARTNERSHIPS, OBTAIN THE RESOURCES AND ENDOWMENT NECESSARY TO ENSURE ACCESS TO MATC AND CAREER SUCCESS FOR ALL GREATER MILWAUKEE AREA STUDENTS REGARDLESS OF FINANCIAL STATUS, WHILE SERVING AS A CATALYST FOR THE ECONOMIC VITALITY OF THE REGION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 17 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 17 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 20 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 368465 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 419849 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -50607 | InvestmentIncomePriorYear |
| Investment Income Current Year | 255195 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 317858 | TotalRevenuePriorYear |
| Total Revenue Current Year | 675044 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 312178 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 493872 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 28930 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 85261 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 14214 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 143183 | OtherExpensePriorYear |
| Other Expenses Current Year | 106316 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 484291 | TotalExpensesPriorYear |
| Total Expenses Current Year | 685449 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -166433 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -10405 | RevenuesLessExpensesCY |
| Total Assets BOY | 4484044 | TotalAssetsBOY |
| Total Assets EOY | 5097085 | TotalAssetsEOY |
| Total Liabilities BOY | 8129 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2500 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 4475915 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 5094585 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO ENHANCE BUSINESS AND 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 554722 | Expense |
| Grants | 493872 | Grants |
| Description | SOLICITATION, RECEIPT AND ADMINISTRATION OF GIFTS, BEQUESTS AND PROPERTY FOR THE DEVELOPMENT, PROMOTION AND BENEFIT OF MILWAUKEE AREA TECHNICAL COLLEGE AND ITS STUDENTS. | Description |
| Total Program Service Expense | 554722 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 1 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 0 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form1098 C Filed | 1 | Form1098CFiled |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 17 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 17 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHRISTINE MCGEE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4142977997 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 WEST STATE STREET | AddressLine1 |
| City | MILWAUKEE | City |
| State | WI | State |
| ZIP Code | 532331443 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (23 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|---|
| MARIA AVILA | |||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | ||
| GARY COLPAERT | |||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | ||
| ANDRE LEON WILLIAMS | |||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | ||
| HEBERTO YORDAN JR | |||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | ||
| DONNA MARTIN | |||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | ||
| SHELLEY JUREWICZ | |||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | ||
| LINDA STEWART | |||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | ||
| LENARD WELLS | |||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | ||
| JIM MILNER | |||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | ||
| BRIAN LE HOUILLIER | |||||||
| SECRETARY | 0.50 | X | 0 | 0 | 0 | X | |
| ROBERT DAVIS | |||||||
| PRESIDENT | 0.50 | X | 0 | 0 | 0 | X | |
| MICHAEL BURKE | |||||||
| EX-OFFICIO BOARD MEMBER | 0.50 | X | 0 | 0 | 0 | ||
| DAVID BISHOP | |||||||
| PAST PRESIDENT | 0.50 | X | 0 | 0 | 0 | X | |
| ANGELA RESTER | |||||||
| VICE PRESIDENT | 0.50 | X | 0 | 0 | 0 | X | |
| DOUG WINTER | |||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | ||
| JEROME MCGINNIS | |||||||
| VICE PRESIDENT | 0.50 | X | 0 | 0 | 0 | X | |
| JEANNETTE BELL | |||||||
| VICE PRESIDENT | 0.50 | X | 0 | 0 | 0 | X | |
| JEFFREY NELSON | |||||||
| TREASURER | 0.50 | X | 0 | 0 | 0 | X | |
| CHRISTINE MCGEE | |||||||
| EXECUTIVE DIRECTOR | 40.00 | X | 0 | 28115 | 0 | X | |
| DONALD GOGAN | |||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | ||
| ERIC REISNER | |||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | ||
| GEORGE HINTON | |||||||
| DIRECTOR | 0.50 | X | 0 | 0 | 0 | ||
| RICHARD MONROE | |||||||
| DISTRICT BOARD LIASON | 0.50 | X | 0 | 0 | 0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 28115 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 419849 | AllOtherContributions |
| Noncash Contributions | 132574 | NoncashContributions |
| Total Contributions | 419849 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 124826 | TotalRevenueColumn |
| Exclusion | $124,826 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1553614 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1423245 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 130369 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 130369 | TotalRevenueColumn |
| Exclusion | $130,369 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 675044 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $255,195 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 493872 | Total |
| Program Services | 493872 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28115 | Total |
| Program Services | 16869 | ProgramServices |
| Management And General | 11246 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57146 | Total |
| Program Services | 34288 | ProgramServices |
| Management And General | 22858 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39100 | Total |
| Management And General | 39100 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40009 | Total |
| Management And General | 40009 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4177 | Total |
| Program Services | 4177 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 693 | Total |
| Management And General | 693 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2881 | Total |
| Program Services | 2881 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | FundraisingFundraising | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|---|
| FUNDRAISING/SPECIAL EVE | 14214 | 14214 | ||
| MISCELLANEOUS | 2944 | 2382 | 562 | |
| BANK FEES | 2045 | 2045 | ||
| DUES AND SUBSCRIPTIONS | 253 | 253 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 685449 | Total |
| Program Services | 554722 | ProgramServices |
| Management And General | 116513 | ManagementAndGeneral |
| Fundraising | 14214 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49169 | BOY |
| EOY | 51745 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 278765 | BOY |
| EOY | 399263 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27559 | BOY |
| EOY | 9600 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1480 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4128551 | BOY |
| EOY | 4634997 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4484044 | BOY |
| EOY | 5097085 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8129 | BOY |
| EOY | 2500 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8129 | BOY |
| EOY | 2500 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 912768 | BOY |
| EOY | 1260262 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1450084 | BOY |
| EOY | 1346495 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2113063 | BOY |
| EOY | 2487828 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4475915 | BOY |
| EOY | 5094585 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4484044 | BOY |
| EOY | 5097085 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -10405 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 629075 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 1 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 762954 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 862836 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 290435 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 386215 | CurrentTaxYearMinus1Year |
| Current Tax Year | 419849 | CurrentTaxYear |
| Total | 2722289 | Total |
Value Srvc Fclts Furnished By Govt ValueSrvcFcltsFurnishedByGovt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 297000 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 318000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 277000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 160000 | CurrentTaxYear |
| Total | 1052000 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 762954 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1159836 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 608435 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 663215 | CurrentTaxYearMinus1Year |
| Current Tax Year | 579849 | CurrentTaxYear |
| Total | 3774289 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 3774289 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 89446 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 179968 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 117424 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 108655 | CurrentTaxYearMinus1Year |
| Current Tax Year | 124826 | CurrentTaxYear |
| Total | 620319 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 4394608 | TotalSupport |
| Public Support Pertcentage170 | 0.85880 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.87780 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2113063 | BeginningOfYearBalance |
| Contributions | 10250 | Contributions |
| Investment Earnings Or Losses | 364515 | InvestmentEarningsOrLosses |
| End Of Year Balance | 2487828 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1939605 | BeginningOfYearBalance |
| Contributions | 2589 | Contributions |
| Investment Earnings Or Losses | 170869 | InvestmentEarningsOrLosses |
| End Of Year Balance | 2113063 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2061229 | BeginningOfYearBalance |
| Contributions | 183118 | Contributions |
| Investment Earnings Or Losses | -303742 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1000 | GrantsOrScholarships |
| End Of Year Balance | 1939605 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| MUTUAL FUNDS | 299231 | F |
| EQUITY SECURITIES | 1859214 | F |
| INT'L EQUITY SECURITIES | 1151068 | F |
| FIXED INCOME | 1279868 | F |
| COMMODITIES SECURITIES | 45616 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 4634997 | TotalOfBookValueProgramRelated |
| Total Revenue | 675044 | TotalRevenue |
| Total Expenses | 685449 | TotalExpenses |
| Excess Or Deficit For Year | -10405 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 629075 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 629075 | TotalAdjustments |
| Excess Or Deficit Per FS | 618670 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 1464118 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 629074 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 160000 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 789074 | RevenueNotRptdF990 |
| Revenue Subtotal | 675044 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 675044 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 845449 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 160000 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 160000 | ExpensesNotRptdF990 |
| Expenses Subtotal | 685449 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 685449 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | THE FOUNDATION FOLLOWS THE PROVISIONS OF FASB ASC 740-10-50, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE CODIFICATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CODIFICATION ALSO PROVIDES GUIDANCE ON DERECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ADOPTION OF THIS GUIDANCE DID NOT SIGNIFICANTLY IMPACT THE FOUNDATION'S EVALUATION ON ITS TAX POSITIONS. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MILWAUKEE AREA TECHNICAL COLLEGE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 W STATE STREET | AddressLine1 |
| City | MILWAUKEE | City |
| State | WI | State |
| ZIP Code | 53233 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 396003459 | EINOfRecipient |
| Amount Of Cash Grant | 361298 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 132574 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | EQUIPMENT, VEHICLES, MEDICAL SUPPLIES, TOOLS, MATERIALS | DescriptionOfNonCashAssistance |
| Purpose Of Grant | FOR EDUCATIONAL AND EDUCATION-RELATED NEEDS | PurposeOfGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: 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 & STUDENT ACHIEVEMENT ON MANY LEVELS. SCHOLARSHIPS AND GRANTS ARE GIVEN BASED ON MEETING QUALIFYING CRITERIA. | Explanation |
Schedule M IRS990ScheduleM
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 20 | NoncashContribsRptdF990 |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 1300 | NoncashContribsRptdF990 |
Cars And Other Vehicles CarsAndOtherVehicles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 2995 | NoncashContribsRptdF990 |
Drugs And Medical Supplies DrugsAndMedicalSupplies
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 742 | NoncashContribsRptdF990 |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 |
|---|---|---|---|
| X | EQUIPMENT | 11 | 50689 |
| X | TOOLS AND MATERIALS | 8 | 9738 |
| X | GIFT CARD | 2 | 1000 |
| X | CONSTRUCTION MATERIAL | 1 | 66090 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 7A | DISTRICT BOARD LIASON ELECTED BY THE DISTRICT BOARD | |
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 IS REVIEWED BY THE BOARD AND EXECUTIVE DIRECTOR. | |
| 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 12C | |
| EXECUTIVE DIRECTOR COMPENSATION - PERFORMANCE REVIEW IS ANNUALLY CONDUCTED BY MATC (RELATED ORGANIZATION). MATC ALSO PAYS COMPENSATION OF EXECUTIVE DIRECTOR. | FORM 990, PART VI, SECTION B, LINE 15 | |
| MILWAUKEE AREA TECHNICAL COLLEGE FOUNDATION, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 629,075. | FORM 990, PART XI, LINE 5: |
| 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. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MILWAUKEE AREA TECHNICAL COLLEGE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 W STATE STREET | AddressLine1 |
| City | MILWAUKEE | City |
| State | WI | State |
| ZIP Code | 53233 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 396003459 | EIN |
| Primary Activities | EDUCATION | PrimaryActivities |
| Legal Domicile State | WI | LegalDomicileState |
| Exempt Code Section | GOVERNMENTAL UNIT | ExemptCodeSection |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (5 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| MILWAUKEE AREA TECHNICAL COLLEGE | |
| B | 195967 |
| MILWAUKEE AREA TECHNICAL COLLEGE | |
| C | 160000 |
| MILWAUKEE AREA TECHNICAL COLLEGE | |
| N | 124000 |
| MILWAUKEE AREA TECHNICAL COLLEGE | |
| M | 36000 |
| MILWAUKEE AREA TECHNICAL COLLEGE | |
| O | 85260 |
Comments