Mid-State Technical College Foundation Inc
- Assets
- $9.6m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Wisconsin Rapids, WI
- Founding
- 08/1979
- Data as of
- 06/2022
- EIN
- 39-1333783
Organization Overview
Mid-State Technical College Foundation Inc is located in Wisconsin Rapids, WI. The organization was established in 1979. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-State Technical College Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Mid-State Technical College Foundation Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.3% each year . All expenses for the organization totaled $411.5k during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE STUDENT SCHOLARSHIPS AND GRANTS, AND TO SUPPORT EDUCATION PROGRAMS OF THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MID-STATE TECHNICAL COLLEGE FOUNDATION PROVIDES SCHOLARSHIPS, GRANTS AND EMERGENCY GRANT AND LOAN ASSISTANCE SOLELY FOR STUDENTS OF MID-STATE TECHNICAL COLLEGE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Ekelin Treasurer | OfficerTrustee | 0.5 | $0 |
Brian Dewitt Treasurer | OfficerTrustee | 0.5 | $0 |
Mary Jo Green President | OfficerTrustee | 0.5 | $0 |
Amanda Jones Secretary | OfficerTrustee | 0.5 | $0 |
Sue Miller Secretary | OfficerTrustee | 0.5 | $0 |
Jill Steckbauer Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,245 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,813,261 |
| Noncash contributions included in lines 1a–1f | $21,428 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,823,506 |
| Total Program Service Revenue | $0 |
| Investment income | $60,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $271,095 |
| Net Income from Fundraising Events | $9,236 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,163,868 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,762 |
| Grants and other assistance to domestic individuals. | $288,236 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,454 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,686 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,825 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,933 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,380 |
| All other expenses | $14,040 |
| Total functional expenses | $411,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,173 |
| Savings and temporary cash investments | $4,236,119 |
| Pledges and grants receivable | $1,116,894 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,553,309 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $569,000 |
| Total assets | $9,620,495 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $637,698 |
| Net assets with donor restrictions | $8,982,797 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,620,495 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Mid-State Technical College Foundation Inc has recieved totaling $329,386.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $140,000 |
Sentry Insurance Foundation Inc Stevens Point, WI PURPOSE: SPECIAL PROJECT & SCHOLARSHIPS | $105,040 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $25,000 |
Bell Family Charitable Foundation Inc Wisconsin Rapids, WI PURPOSE: SCHOLARSHIPS | $13,000 |
Greater Green Bay Community Foundation Inc Green Bay, WI PURPOSE: EDUCATION PROGRAM SUPPORT | $12,500 |
Community Foundation For The Fox Valley Region Inc Appleton, WI PURPOSE: B82: SCHOLARSHIPS & STUDENT FINANCIAL AID | $10,000 |
Endowment Analysis
| Beg. Balance | $2,339,457 |
| Earnings | $116,998 |
| Net Contributions | $73,776 |
| Other Expense | $104,599 |
| Ending Balance | $2,425,632 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Michigan University Foundation Kalamazoo, MI | $431,026,780 | $43,479,998 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grand Rapids Community College Foundation Grand Rapids, MI | $37,079,013 | $9,829,978 |