2011-05-02T16:16:30-05:00 2010-06-30 BAKER TILLY VIRCHOW KRAUSE LLP 115 South 84th Street Suite 400 Milwaukee WI 53214 990 2009-07-01 237265867 Madison Area Technical College Foundation Inc MADI 6082466440 3550 Anderson Street Madison WI 53704 ROBERT DINNDORF 6082466440 2011-04-18 1 Troy E Marine CPA 4147775500 2011-04-18 2009 2016-02-24 21:20:13Z Ashok Bhargava 3550 Anderson Street Madison WI 53704 3455430 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. 21 19 0 0 0 0 2357143 1757254 0 -213878 158695 36496 33093 2179761 1949042 1957184 1867036 0 0 0 35978 186938 137638 2144122 2004674 35639 -55632 6480019 7521138 98002 618151 6382017 6902987 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 880540 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. 40863 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. 695973 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. 249660 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. 249660 1867036 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 1 21 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 WI X ROBERT DINNDORF 6082466440 3550 ANDERSON ST MADISON WI 53704 X ASHOK BHARGAVA 3.00 X X 0 0 0 BETTSEY BARHORST 10.00 X X 0 240094 49311 BOB TERCEK 1.00 X 0 0 0 DAVID J DEAN 2.00 X X 0 106584 10704 DIANNE REDSTEN 1.00 X 0 0 0 ELIZABETH FRAUTSCHI 1.00 X 0 0 0 GORDON DERZON 1.00 X 0 0 0 HOLLY CREMER BERKENSTADT 1.00 X 0 0 0 JAMES RIORDAN 1.00 X 0 0 0 JANET HARTUNG RENFERT 3.00 X X 0 0 0 JON BALES 1.00 X X 0 0 0 LARRY BARTON 1.00 X 0 0 0 MARK FUHRMAN 1.00 X 0 0 0 MARY FELDT 1.00 X 0 0 0 MARY SCHMOEGER 1.00 X 0 0 0 MARY STRICKLAND 1.00 X 0 0 0 MAUREEN KENNEDY BOELTER 2.00 X X 0 0 0 PAMELA DRUHAN 1.00 X 0 0 0 PETER FOY 5.00 X X 0 0 0 ROBIN ROBERTS 1.00 X 0 0 0 TAMMY THAYER 1.00 X 0 0 0 ELLEN FOLEY 40.00 X 0 130047 24859 REBECCA BAUMBACH 2.00 X 0 75944 24658 ROBERT DINNDORF 40.00 X 0 139486 25518 0 616211 110392 0 0 1 0 0 27401 1729853 235647 1757254 120653 120653 1515597 1477555 38042 38042 38042 50487 27401 28833 21654 21654 GAIN FROM CHARITABLE R 900099 11439 11439 11439 1949042 0 0 191788 1171063 1171063 695973 695973 5012 5012 3778 3778 750 750 SHARED EXPENSES 73138 73138 CAMPAIGN EXPENSE 22525 22525 PROSPECT CULTIVATION 9567 9567 MISCELLANEOUS 9321 9321 MEMBERSHIPS 5427 5427 8120 4234 3886 2004674 1867036 101660 35978 1017945 1371996 371156 250942 17152 16480 4972765 5769281 101001 112439 6480019 7521138 98002 618151 98002 618151 X 795321 545591 3362328 3666685 2224368 2690711 6382017 6902987 6480019 7521138 X 0 1 1 X 0 X 1396002 1100260 1834216 2357143 1757524 8445145 1396002 1100260 1834216 2357143 1757524 8445145 1013568 7431577 95384 159780 121348 159551 120653 656716 9101861 211443 0.81650 0.76410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2162532 482630 488075 201549 2931688 2548401 247829 -470971 135416 27311 2162532 0.03000 0.86000 0.11000 0 0 0 1949042 2004674 -55632 576602 576602 520970 2554476 576602 28833 605435 1949041 0 1949041 2033506 28833 28833 2004673 0 2004673 Part XI, Line 8 - Other Adjustments: UNREALIZED GAIN ON INVESTMENTS: 576602. Part XII, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSE: 28833. Part XIII, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSE: 28833. X X X X X 1 Pend Armistead The Clements Group LLC Consult 0 1572094 20923 1551171 1572094 20923 1551171 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY REDSTEN GOLF CLASSIC 35367 24000 11367 300 4953 6061 TURKEY TROT 14156 2401 11755 4447 232 5816 1 28365 1000 27365 2661 4363 77888 27401 50487 4747 232 7614 16240 28833 21654 0 MADISON AREA TECHNICAL COLLEGE 3550 ANDERSON ST MADISON WI 53704 391067818 501(c)(3) 695973 capital and special projects SCHOLARSHIPS 1455 880540 STUDENT GRANTS 300 40863 FOUNDATION INNOVATION GRANTS 2 14013 GIFTS-IN-KIND 0 0 235647 MARKET VALUE VARIOUS ITEMS TO ASSIST IN INSTRUCTIONS OF STUDENTS, SUCH AS CARS, COMPUTER EQUIPMENT, PROGRAM 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 213131 0 0 0 26963 0 20000 0 29311 0 289405 0 0 ELLEN FOLEY 0 130047 0 0 0 0 0 0 0 24859 0 154906 0 0 ROBERT DINNDORF 0 136762 0 0 0 2724 0 0 0 25518 0 165004 0 0 Part I, Line 1a Social club dues are considered a membership expense for the foundation. They are not considered compensation. Part I, Line 4a Compensation is set by the Madison Area Technical College Board of Trustees using established practices. These practicies govern compensation of stafff assigned to foundation-related work. X HVAC EQUIPMENT 1 50000 FMV X SOFTWARE 1 66500 FMV 0 0 0 Form 990, Part VI, Section B, line 11 There is no prior review. The board president 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 arrangement 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 XI, LINE 2C: THE PROCESS FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED. Schedule G, Part I, Line 2b, Column (v) Explanation of Fundraising Payments The Clements Group was hired to help the Foundation plan and implement a campaign we termed The Smart Future Campaign. The goal was and continues to be increasing the assets of the Foundation to support scholarships and other activities that contribute to student success. Because of the severe recession, the public phase of the campaign has been postponed. The campaign goal is being revised and a targeted effort is being implemented without a consultant. Services were used to advise the Foundation Board about fundraising techniques and campaign progress. Services provided by the consultant included benchmarking with other similar organizations, helping organize volunteer structure, training volunteers on making donor visits, drafting proposals, reviewing prospect lists and suggesting approaches to donors in sectors such as information technology and healthcare. MADISON AREA TECHNICAL COLLEGE 3550 ANDERSON ST MADISON WI 53704 391067818 EDUCATIONAL ORGANIZATION WI 501(c)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 MADISON AREA TECHNICAL COLLEGE M 65000 MADISON AREA TECHNICAL COLLEGE N 605674 MADISON AREA TECHNICAL COLLEGE O 19179