Nonprofit · EIN 23-7265867
MADISON AREA TECHNICAL COLLEGE FOUNDATION INC
Tax-exempt · MADISON, WI 53704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,768,986 | $7,731,708 | -$962,722 | $27,208,443 | $1,946,615 | $25,261,828 |
| June 30, 2024 | 990 | $5,014,229 | $3,722,572 | $1,291,657 | $26,412,340 | $1,363,613 | $25,048,727 |
| June 30, 2023 | 990 | $5,512,141 | $3,265,175 | $2,246,966 | $23,630,068 | $1,305,901 | $22,324,167 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,044,562
- Program service revenue
- $124,924
- Investment income
- $1,238,588
- Net gain from sales of assets
- $720,064
- Other revenue
- $360,912
Expenses
- Grants and similar amounts paid
- $5,693,808
- Compensation of officers, directors and key employees
- $296,793
- Other salaries and wages
- $652,637
- Salaries, compensation and benefits (total)
- $1,123,165
- Professional fundraising fees
- $0
- Legal fees
- $4,804
- Accounting fees
- $22,000
- Occupancy
- $87,435
- Travel
- $38,036
- Depreciation
- $132,399
- Program services (functional)
- $6,307,285
- Management and general (functional)
- $900,073
- Fundraising (functional)
- $524,350
Balance sheet and other
- Total assets, start of year
- $26,412,340
- Total assets, end of year
- $27,208,443
- Total liabilities, end of year
- $1,946,615
- Net assets, end of year
- $25,261,828
- Land, buildings and equipment
- $2,854,447
- Publicly traded securities
- $19,483,087
- Net assets without donor restrictions
- $3,853,076
- Net assets with donor restrictions
- $21,408,752
- Gross receipts
- $6,768,986
- Employees
- 7
- Volunteers
- 13
- Year formed
- 1973
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TAMMY THAYER | CHIEF EXECUTIVE OFFICER Officer | 40 | $252,436 | $15,246 |
| CHAD MARGENAU | VP FINANCE AND OPERATIONS (THRU 01/2025) Highest-paid employee | 40 | $160,317 | $24,694 |
| BRYAN WOODHOUSE | VP OF DEVELOPMENT Highest-paid employee | 40 | $150,541 | $30,436 |
| BILL BEISENSTEIN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| TODD LUDGATE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ROBIN ROBERTS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DEBRA LANGE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TURINA BAKKEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUSSELL CANNON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN FELLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIO GARCIA SIERRA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATIE HOTTMANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARSHALL MENNENGA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM O'BRIEN | DIRECTOR (THRU 02/2025) Trustee or director | 1 | $0 | $0 |
| JAMES RIORDAN | DIRECTOR (THRU 05/2025) Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRACY SCHWEITZER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TAMMY THAYER | CHIEF EXECUTIVE OFFICER Officer | 40 | $240,626 | $15,346 |
| CHAD MARGENAU | VP FINANCE AND OPERATIONS Highest-paid employee | 40 | $156,236 | $15,609 |
| ROBIN ROBERTS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TODD LUDGATE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BILL BEISENSTEIN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DEBRA LANGE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| RUSSELL CANNON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GORDON DERZON | DIRECTOR (THRU 07/2023) Trustee or director | 1 | $0 | $0 |
| JOHN FELLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIO GARCIA SIERRA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATIE HOTTMANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH JEFFERSON | DIRECTOR (THRU 05/2024) Trustee or director | 1 | $0 | $0 |
| MARSHALL MENNENGA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM O'BRIEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES RIORDAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRACY SCHWEITZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORY SIMMS | DIRECTOR (THRU 05/2024) Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TAMMY THAYER | CHIEF EXECUTIVE OFFICER Officer | 40 | $240,737 | $17,638 |
| CHAD MARGENAU | VP FINANCE AND OPERATIONS Highest-paid employee | 40 | $147,319 | $14,590 |
| MARGARET KRATZ | VP OF PHILANTHROPY Highest-paid employee | 40 | $100,017 | $4,696 |
| ROBIN ROBERTS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TODD LUDGATE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BILL BEISENSTEIN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DEBRA LANGE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GORDON DERZON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM O'BRIEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES RIORDAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARSHALL MENNENGA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH JEFFERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN FELLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATIE HOTTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORY SIMMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRACY SCHWEITZER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3591 ANDERSON STREET SUITE 203A, MADISON, WI 53704-2533
- Principal officer (990 for 2024)
- BRYAN WOODHOUSE, 3591 ANDERSON STREET 203A, MADISON, WI 53704
- Signed the 990
- BRYAN WOODHOUSE, CHIEF EXECUTIVE OFFICER
- Phone
- (608) 246-6441
- Return prepared by
- WIPFLI ADVISORY LLC
Mission
THE MISSION OF MADISON AREA TECHNICAL COLLEGE FOUNDATION IS TO ENRICH LIVES AND STRENGTHEN OUR COMMUNITY THROUGH THE ACQUISITION OF PRIVATE FUNDING IN SUPPORT OF HIGH QUALITY OPEN ACCESS EDUCATION AT MADISON COLLEGE.
Program accomplishments
- SCHOLARSHIPS - MADISON AREA TECHNICAL COLLEGE FOUNDATION, INC. PROVIDES SCHOLARSHIPS SOLELY FOR STUDENTS OF THE MADISON AREA TECHNICAL COLLEGE. SCHOOL SCHOLARSHIPS HELP STUDENTS AFFORD ACCESS TO THE COLLEGE AND REWARD ACADEMIC EXCELLENCE.Expenses $2,444,864 · grants $2,444,864
- GENERAL PROGRAM ACTIVITIES - MADISON AREA TECHNICAL COLLEGE FOUNDATION MANAGES PROGRAM FUNDS ON BEHALF OF MADISON COLLEGE DEPARTMENTS TO SUPPORT THEIR FUNDRAISING EFFORTS.Expenses $613,477 · revenue $124,924
- GRANTS - MADISON AREA TECHNICAL COLLEGE FOUNDATION, INC. PROVIDES SMALL AMOUNTS OF FINANCIAL ASSISTANCE TO RETAIN STUDENTS WHO ARE ENROLLED BUT ENCOUNTER FINANCIAL EMERGENCIES FOR WHICH THE STUDENTS DO NOT HAVE OTHER RESOURCES.Expenses $118,944 · grants $118,944
- CAMPAIGN - THE STAND BY YOU CAMPAIGN IS COMPLETE AS OF THE END OF FY25.STAND BY YOU CAMPAIGN - THE HISTORIC $30 MILLION CAMPAIGN HAS FOUR IMPORTANT OBJECTIVES:SMART FUTURE SCHOLARSHIPS - PROVIDE EXPANDED STUDENT SCHOLARSHIPS, WHICH DELIVER FUNDING FOR STUDENTS TO HELP THEM ACHIEVE THEIR DREAMS IN THE 150+ PROFESSIONAL FIELDS THAT IMPACT YOUR COMMUNITY EVERY DAY.EMERGENCY GRANTS - ASSIST STUDENTS WHO FACE FINANCIAL BURDENS SUCH AS LACK OF FOOD, TRANSPORTATION ISSUES, MEDICAL BILLS, FAMILY CRISES AND OTHER FINANCIAL CHALLENGES.SCHOLARS OF PROMISE - THIS INITIATIVE BENEFITS LOW-INCOME RECENT HIGH SCHOOL GRADUATES WHO HAVE THE MOTIVATION TO COMPLETE THEIR COLLEGE EDUCATION, BUT LACK FINANCIAL RESOURCES. WE DO THIS BY PROVIDING FINANCIAL AID AND SCHOLARSHIPS TO COVER THE COST OF TUITION, IN ADDITION TO PROVIDING WRAP AROUND SUPPORT SERVICES AND MENTORSHIP THROUGHOUT THEIR EDUCATIONAL JOURNEY AT MADISON COLLEGE.PLANNED GIFTS - HELP REALIZE OF OUR VISION THAT NO STUDENT BE DENIED AN EDUCATION DUE TO FINANCIAL BARRIERS.0
- CAPITAL PROJECT SUPPORT.Expenses $3,130,000 · grants $3,130,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7265867
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1973
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B124)
- Assets (IRS master file)
- $27,208,443
- Income (IRS master file)
- $6,768,986
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,768,986 | $7,731,708 | $27,208,443 | XML |
| 990 | June 2024 | $5,014,229 | $3,722,572 | $26,412,340 | IRS |
| 990 | June 2023 | $5,512,141 | $3,265,175 | $23,630,068 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7265867).
Questions about MADISON AREA TECHNICAL COLLEGE FOUNDATION INC
- What is the EIN of MADISON AREA TECHNICAL COLLEGE FOUNDATION INC?
- The employer identification number (EIN) of MADISON AREA TECHNICAL COLLEGE FOUNDATION INC is 23-7265867.
- Is MADISON AREA TECHNICAL COLLEGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to MADISON AREA TECHNICAL COLLEGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MADISON AREA TECHNICAL COLLEGE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MADISON AREA TECHNICAL COLLEGE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MADISON AREA TECHNICAL COLLEGE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MADISON AREA TECHNICAL COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names BRYAN WOODHOUSE.
- Who are the officers and directors of MADISON AREA TECHNICAL COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 16 people; 3 received compensation from the organization, the highest $252,436 (TAMMY THAYER, CHIEF EXECUTIVE OFFICER).
- How much revenue does MADISON AREA TECHNICAL COLLEGE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,768,986, expenses of $7,731,708 and total assets of $27,208,443 at year end.
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