Milwaukee Area Technical College Foundation Inc

What it reported doing in 2024

Milwaukee area technical college foundation, inc. Secures community involvement with, including financial support of, milwaukee area technical college (matc). The specific purposes of the foundation are to solicit, hold, manage, invest, and expend contributions, grants, and bequests (including endowment gifts) exclusively for the maintenance, support, and benefit of matc.the foundation is the fiscal sponsor for milwaukee pbs (mpbs), a program of matc. Mpbs consists of two traditional television stations, wmvs and wmvt, which are licensed to matc; four digital television services; a state-of-the-art production facility; the website mpbs.org; and the monthly magazine fine tuning. Mpbs also serves as the hands-on training facility for matc students enrolled in the television and video production program. During the 2024/25 academic year, the foundation supported student success through the awarding of $5,408,778 in scholarships and emergency assistance grants. With an emphasis on supporting student persistence and graduation, awards were designed to remove financial barriers and, when possible, eliminate the need for student loans, positioning students for economic mobility. The total number of students receiving support in the 2024/25 academic year was 2,926.the foundation provided $1,682,100 in program support to milwaukee area technical college that was strategically aligned to support student success in family-supporting, economically mobile careers as reflected by regional employers' workforce pipeline priorities. This program support included matc drive/al hurvis peak transportation center, the college's specialty hvac programs with a milwaukee public high school, and specialty support for board and license exam fees for recent healthcare pathway graduates.further, the foundation facilitated the receipt of in-kind donations of materials and equipment valued at $117,682.serving as milwaukee pbs' fiscal sponsor, the foundation administered $8,450,181 in contributions and awarded $6,390,792 in program support. Milwaukee pbs is owned and operated by milwaukee area technical college.

Financial Efficiency

• Mission deployment rate: 94.2%; rating input score 94
• Program expense ratio: 96.4%; rating input score 96
• Fundraising efficiency: $71.94 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 7 of 7 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 4.8%; rating input score 53; 53rd percentile among comparable filings
• Total-asset coverage ratio: 3.28; rating input score 77; 77th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 90; 90th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

• Program expense growth: 8.5% per year; rating input score 100; 64th percentile among comparable filings
• Revenue growth: 9.3% per year; rating input score 100; 71st percentile among comparable filings
• Asset growth: 12.7% per year; rating input score 100; 75th percentile among comparable filings