Milwaukee Area Technical College Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
AS THE COLLEGE'S PHILANTHROPIC PARTNER, MILWAUKEE AREA TECHNICAL COLLEGE (MATC) FOUNDATION'S 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.
- Income
- $14.8 million
- Spending
- $14.1 million
- Spent on programs
- 96%
- Reserves
- 2.8 months of spending
- Largest source of income
- donations and private grants, 80%
- Employees
- 0
- Volunteers
- 20
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 65 out of 100. Higher than 55% of charities in its peer group (education, $10m to $100m).
Reserves
10 of 35Spendable reserves would cover 2.8 months of spending.
Debt
20 of 20It owes 2% of what it owns.
Living within its means
15 of 15Income exceeded spending by 5% of income.
Income trend
5 of 15Income fell 11% on the year before.
Spending floor
15 of 1596% of spending went to programs and raising each dollar of donations cost 1 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 50% of charities in its peer group (education, $10m to $100m).
Independent board
25 of 2519 of 19 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $13.6 million spent. 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.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 1979.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
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