MILWAUKEE AREA TECHNICAL COLLEGE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

MILWAUKEE AREA TECHNICAL COLLEGE FOUNDATION INC

EIN 39-1341603 · Vocational & Technical Schools (B30)

What they do

AS THE COLLEGES PHILANTHROPIC PARTNER, MILWAUKEE AREA TECHNICAL COLLEGE (MATC) FOUNDATIONS MISSION is to BUILD DONOR RELATIONSHIPS to FACILITATE PRIVATE INVESTMENTS THAT REMOVE BARRIERS to EDUCATION, ACCELERATE CAREERS, and DELIVER SKILLED TALENT to THE MILWAUKEE AREA. THE FOUNDATION ALSO SERVES AS THE FINANCIAL STEWARD of PRIVATE DONATIONS to MILWAUKEE PBS, A VIEWER-SUPPORTED SERVICE of MATC.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $96.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

91.81%of revenue went to mission work96.4% of expenses · Program services

1.22%of revenue went to fundraising1.3% of expenses

$95.19spent for every $100 of revenueRevenue covered expenses this year.

2.16%of revenue went to management and office costs2.3% of expenses

$3.28in assets for every $1 spent this yearSome assets cannot be spent right away.

87.5%of its money came from giftsOther money may come from services or investments.

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Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$14,788,630

Mission workProgram services$13,578,03491.81% of revenue96.4% of expenses

ManagementOffice and general costs$320,0392.16% of revenue2.3% of expenses

FundraisingAsking for donations$179,8551.22% of revenue1.3% of expenses

Revenue left after expensesReported annual surplus$710,7024.81% of revenueShown in gray on the chart

Total expenses$14,077,92895.19% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 96.4% mission · 2.3% management · 1.3% fundraisingTotal expenses: 95.19% of revenue

2023Expense mix: 96.2% mission · 2.6% management · 1.2% fundraisingTotal expenses: 82.87% of revenue

2022Expense mix: 94.3% mission · 4.1% management · 1.6% fundraisingTotal expenses: 82.07% of revenue

2021Expense mix: 96.3% mission · 2.8% management · 0.9% fundraisingTotal expenses: 51.97% of revenue

2020Expense mix: 96.4% mission · 3.2% management · 0.5% fundraisingTotal expenses: 63.16% of revenue

2019Expense mix: 97.9% mission · 1.5% management · 0.6% fundraisingTotal expenses: 96.27% of revenue

2018Expense mix: 97.9% mission · 1.4% management · 0.7% fundraisingTotal expenses: 95.93% of revenue

2017Expense mix: 97.9% mission · 1.2% management · 0.9% fundraisingTotal expenses: 93.19% of revenue

Money in and money out

Revenue$14,788,630

Expenses$14,077,928

Annual surplus $710,702 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$13,578,034 · 96.4% of expenses

Management and office costs$320,039 · 2.3% of expenses

Fundraising$179,855 · 1.3% of expenses

See all reported dollar amounts

Revenue$14,788,630

Expenses$14,077,928

Assets$46,196,774

Income$17,162,651

Contributions$12,937,925

Mission work (program services)$13,578,034

Fundraising$179,855

Grants given$55,623,159

Average grant$3,973,083

Management and general$320,039

Stocks and bonds$39,460,400

Accounting fees$121,952

Investing fees$73,661

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (22)

LAURA BRAYEXECUTIVE DIRECTOR

VIOLA HAWKINSDIRECTOR

TROY DENNHOFDIRECTOR

TREVOR DSOUZADIRECTOR

TRACY LUBERDIRECTOR

TIMOTHY SMITHDIRECTOR

SUSAN LUBARDIRECTOR

RAJESH NAMBOOTHIRYDIRECTOR

PRESTON MCGLORYDIRECTOR

MATTHEW PARTRIDGETREASURER

LORI MALETTDIRECTOR

CHANTEL BYRDPRESIDENT

LAILA VALTERSDIRECTOR

JULIANNA EBERTSECRETARY

JIM COSCODIRECTOR (THRU JUNE 2025)

JAMIE BERGERDIRECTOR (THRU JUNE 2025 )

JAIME HURTADODIRECTOR

ERICA CASEDIRECTOR

EMILY PHILLIPSDIRECTOR

EDGAR MAYORGADIRECTOR

DAVID MEGNAVICE PRESIDENT

DANIELLE BERGNERDIRECTOR

About this charity

Recognized since: January 1979
Location: 700 W STATE ST M244, MILWAUKEE, WI 53233
County: Milwaukee
In care of: VIRGINIA FINN
Primary officer: VIRGINIA FINN, ACTING EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailfoundation@matc.edu Phone(414) 297-7687

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: WEGNER CPAS LLP
NTEE classification: Vocational & Technical Schools (B30)
IRS tax category: Vocational & Technical Schools
Grant-giving organization: Yes