Milwaukee Area Technical College Foundation Inc
- Assets
- $33.4m
- Revenue
- $18.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 12/1979
- Data as of
- 06/2022
- EIN
- 39-1341603
Organization Overview
Milwaukee Area Technical College Foundation Inc is located in Milwaukee, WI. The organization was established in 1979. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, 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. Milwaukee Area 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, Milwaukee Area Technical College Foundation Inc generated $18.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $9.5m during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 6 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.
Since 2015, Milwaukee Area Technical College Foundation Inc has awarded 15 individual grants totaling $48,805,393. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT MILWAUKEE AREA TECHNICAL COLLEGE BY RAISING FUNDS FOR SCHOLARSHIPS/PROGRAM SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ADMINISTERED $6,974,572 IN CONTRIBUTIONS FOR MILWAUKEE PBS (FORMERLY MILWAUKEE PUBLIC TELEVISION) AND AWARDED $6,344,067 IN PROGRAM SUPPORT. MILWAUKEE PBS IS OWNED AND OPERATED BY MILWAUKEE AREA TECHNICAL COLLEGE (MATC).
THE FOUNDATION PROVIDED $1,237,311 IN DIRECT PROGRAM SUPPORT TO MATC, INCLUDING SUPPORT FOR THE MATC DRIVE (FORMERLY REV UP)/AL HURVIS PEAK TRANSPORTATION CENTER, THE EXPANSION OF THE REGISTERED NURSING PROGRAM, AND A PROGRAM THAT COVERED THE FEES FOR BOARD/LICENSE EXAM FEES FOR RECENT GRADUATES OF MATC'S HEALTHCARE PROGRAMS. IN ADDITION, THE FOUNDATION SERVED AS THE CONDUIT FOR $74,527 OF IN-KIND DONATIONS OF MATERIALS AND EQUIPMENT FOR MATC'S PROGRAMS.
THE FOUNDATION AWARDED $1,416,529 IN SCHOLARSHIPS AND EMERGENCY GRANT ASSISTANCE TO 1.446 STUDENTS, INCLUDING $426,660 TO 373 PROMISE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julianna Ebert President | OfficerTrustee | 2 | $0 |
Kamal Bansal Vice President | OfficerTrustee | 1 | $0 |
Eugene A Gilchrist Vice President | OfficerTrustee | 1 | $0 |
Matthew Partridge Treasurer | OfficerTrustee | 1 | $0 |
Susan Lubar Secretary | OfficerTrustee | 1 | $0 |
Erica Case Matc District Board Liason | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,075,131 |
| Noncash contributions included in lines 1a–1f | $1,105,647 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,075,131 |
| Total Program Service Revenue | $0 |
| Investment income | $944,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $244,409 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,292,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,655,905 |
| Grants and other assistance to domestic individuals. | $1,416,529 |
| 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 | $231 |
| Fees for services: Accounting | $96,499 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,727 |
| Fees for services: Other | $34,378 |
| Advertising and promotion | $6,388 |
| Office expenses | $5,228 |
| Information technology | $38,778 |
| Royalties | $0 |
| Occupancy | $28,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,969 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,318 |
| All other expenses | $78,199 |
| Total functional expenses | $9,507,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,465,803 |
| Savings and temporary cash investments | $42,447 |
| Pledges and grants receivable | $1,573,774 |
| 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 | $52,461 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $30,221,726 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,356,211 |
| Accounts payable and accrued expenses | $334,235 |
| 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 | $334,235 |
| Net assets without donor restrictions | $1,024,843 |
| Net assets with donor restrictions | $31,997,133 |
| 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 | $33,356,211 |
Grants Awarded
Over the last fiscal year, Milwaukee Area Technical College Foundation Inc has awarded $7,655,905 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MILWAUKEE AREA TECHNICAL COLLEGE PURPOSE: FOR EDUCTIONAL AND RELATED NEEDS - EQUIPMENT AND MATERIALS; PAYMENT OF PROGRAM INVOICES DIRECTLY TO VENDORS | $1,311,838 |
MILWAUKEE AREA TECHNICAL COLLEGE PURPOSE: MILWAUKEE PBS OPERATING EXPENSES - PAYMENT OF MILWAUKEE PBS INVOICES DIRECTLY TO VENDORS | $6,344,067 |