Civic Intelligence

MID-State Technical College Foundation Inc.

990 • Fiscal year 2020 • EIN 39-1333783

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 12, 2021

500 32nd Street NorthWisconsin Rapids, WI 54494

(715) 422-5322

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

90th percentile

50%

Higher net margin than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

62nd percentile

$85,678

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

60th percentile

11%

Faster asset growth than 60% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

64th percentile

9.3%

Faster revenue growth than 64% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,903,018

Up $376,773 (+11%) from 2019

Net Assets

Up

$3,903,018

Up $376,773 (+11%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$826,996

Up $70,176 (+9.3%) from 2019

Expenses

Down

$416,518

Down $170,568 (-29%) from 2019

Net Income

Up

$410,478

Up $240,744 (+142%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $2,345,927Liabilities 2011: $0Net Assets 2011: $2,345,9272011Assets 2012: $2,265,698Liabilities 2012: $0Net Assets 2012: $2,265,6982012Assets 2013: $2,506,162Liabilities 2013: $0Net Assets 2013: $2,506,1622013Assets 2014: $2,879,870Liabilities 2014: $11,680Net Assets 2014: $2,868,1902014Assets 2015: $2,863,318Liabilities 2015: $0Net Assets 2015: $2,863,3182015Assets 2016: $2,824,748Liabilities 2016: $0Net Assets 2016: $2,824,7482016Assets 2017: $3,179,495Liabilities 2017: $0Net Assets 2017: $3,179,4952017Assets 2018: $3,390,839Liabilities 2018: $0Net Assets 2018: $3,390,8392018Assets 2019: $3,526,245Liabilities 2019: $0Net Assets 2019: $3,526,2452019Assets 2020: $3,903,018Liabilities 2020: $0Net Assets 2020: $3,903,0182020Assets 2021: $6,830,412Liabilities 2021: $0Net Assets 2021: $6,830,4122021Assets 2022: $9,620,495Liabilities 2022: $0Net Assets 2022: $9,620,4952022Assets 2023: $4,990,863Liabilities 2023: $0Net Assets 2023: $4,990,8632023Assets 2024: $5,182,260Liabilities 2024: $0Net Assets 2024: $5,182,2602024

Highlighted filing

2020

Assets$3,903,018
Liabilities$0
Net Assets$3,903,018

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $181,3182011Expenses 2012: $212,0332012Revenue 2013: $331,407Expenses 2013: $217,815Net Income 2013: $113,5922013Revenue 2014: $445,434Expenses 2014: $272,716Net Income 2014: $172,7182014Revenue 2015: $453,818Expenses 2015: $306,977Net Income 2015: $146,8412015Revenue 2016: $458,921Expenses 2016: $358,716Net Income 2016: $100,2052016Revenue 2017: $439,397Expenses 2017: $329,089Net Income 2017: $110,3082017Revenue 2018: $538,991Expenses 2018: $346,927Net Income 2018: $192,0642018Revenue 2019: $756,820Expenses 2019: $587,086Net Income 2019: $169,7342019Revenue 2020: $826,996Expenses 2020: $416,518Net Income 2020: $410,4782020Revenue 2021: $2,880,445Expenses 2021: $466,586Net Income 2021: $2,413,8592021Revenue 2022: $4,163,868Expenses 2022: $411,454Net Income 2022: $3,752,4142022Revenue 2023: $638,934Expenses 2023: $5,541,527Net Income 2023: -$4,902,5932023Revenue 2024: $693,333Expenses 2024: $853,432Net Income 2024: -$160,0992024

Highlighted filing

2020

Revenue$826,996
Expenses$416,518
Net Income$410,478
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 12, 2021
Return Version
2019v5.2
Gross Receipts
$2,317,012
Mission and Program Overview

Mission

Through the generosity of donors, the foundation invests in student success and supports mid-state technical college's strategic plan.

To provide student scholarships and grants, and to support educational programs of the college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,386,087$3,414,371▲ $28,284
Pledges and Grants Receivable$11,111$303,433▲ $292,322
Cash and Non-Interest-Bearing Accounts$93,128$110,113▲ $16,985
Savings and Temporary Cash Investments$35,919$75,101▲ $39,182
Total Assets$3,526,245$3,903,018▲ $376,773
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,679,169$3,131,559▲ $452,390
Net Assets Without Donor Restrictions$847,076$771,459▼ $75,617
Total Net Assets Fund Balance$3,526,245$3,903,018▲ $376,773
Total Liabilities and Net Assets / Fund Balance$3,526,245$3,903,018▲ $376,773

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$2,218,204$11,817▲ $83,124$24,101$2,289,044
2019$2,149,402$61,162▲ $38,351$30,711$2,218,204
2018$2,072,601$57,331▲ $19,470-$2,149,402
2017$1,996,283$66,002▲ $10,316-$2,072,601
2016$1,936,610$65,990▼ $6,317-$1,996,283
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Jill SteckbauerExecutive DirectorFT$85,678$85,678

Board Members and Trustees

NameTitle
Lisa Rowe-peplinskiImmediate Past President
Mary Jo GreenPresident
Heather HuebnerDirector
Jim ShewchukDirector
Kristi WaitsDirector
Larry TurbaDirector
Marg Coker-nelsonDirector
Betty Bruski MallekEx-officio
Dr Shelly MondeikEx-officio
Mary SturthersEx-officio
Sue MillerSecretary
Tom EkelinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$609,895
Program Service Revenue
$0
Investment Income
$207,756
Other Revenue
$9,345
All Other Contributions
$604,595
Change in Net Assets
$410,478

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles1$35,000Fair Market Value (FMV)
Other Non Cash Contri Table23$15,719Fair Market Value (FMV)
Total Noncash Contributions24$50,719-

Audited Revenue Reconciliation

Revenue per Audited Statements
$806,240
Revenue Not Reported on Financial Statements
$20,756
Revenue Not Reported on Form 990
$162,941
Total Revenue per Audited Statements
$969,181
Total Revenue per Form 990
$826,996
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$364,054
Other Expenses$52,464
Total Fundraising Expense$5,534
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$313,335--$313,335
Grants to Domestic Orgs$50,719--$50,719
Fees for Service Investment Mgmnt Fees-$20,756-$20,756
All Other Expenses$13,984--$13,984
Advertising$1,348$792$4,056$6,196
Travel$2,357$1,414$942$4,713
Insurance-$2,960-$2,960
Other Expenses$262$913$536$262
Total Functional Expenses$383,345$27,639$5,534$416,518

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$592,408
Total Expenses per Form 990$416,518
Expenses per Audited Statements$395,762
Expenses Not Reported on Form 990$196,646
Expenses Not Reported on Financial Statements$20,756
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mid-state Technical CollegeWisconsin Rapids, WIGovernmentTo Promote Hands on Learning in the Technical and Industrial Division at Mid-state Technical College-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$17,204
Fundraising Direct Expenses$7,859
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outings$12,355$8,055$4,120$3,935
Trapshoot$7,868$6,868$3,739$3,129
Total Events$20,223$14,923$7,859$7,064
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed the investment committee, which then recommends to the executive committee which then brings it to vote at the board meeting

Form 990, Part VI, Section B, Line 12C

The board of directors is annually required to sign a conflict of interest policy.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mid-state Technical College Foundation
EIN
39-1333783
Phone
7154225322
Address
500 32ND STREET NORTH, WISCONSIN RAPIDS, WI 54494

Signing Officer

Name
Mary Jo Green
Title
President
Phone
7154225322
Signed
2021-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Jo Green
Formed
1979
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Cliftonlarsonallen Llp
Address
1660 OSHKOSH AVE SUITE 200, OSHKOSH, WI 54902
Preparer
Sarah Hofkens
Phone
9202315890
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The amount of the endowment fund permanently restricted by donors will be kept in tact in perpetuity.

PART X, LINE 2:

Mid-state technical college foundation, inc. Is organized as a wisconsin nonprofit corporation and has been recognized by the internal revenue service (irs) as exempt from federal income taxes under irc section 501(a) as an organization described in internal revenue code (irc) section 501(c)(3), qualifies for the charitable contribution deduction under irc section 170(b)(1)(a), and has been determined not to be a private foundation under irc section 509(a)(3). In addition, the foundation is subject to income tax on net income that is derived from business activites that are unrelated to its exempt purposes. Management has determined that the foundation is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (form 990-t) with the irs.

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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt09345
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-33705
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0847076
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0771459
IRS990/NoncashContributionsAmt067623
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1DUES & MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc2DONOR RECOGNITION
IRS990/OtherExpensesGrp/FundraisingAmt0536
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0804
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1913
IRS990/OtherExpensesGrp/ProgramServicesAmt01340
IRS990/OtherExpensesGrp/ProgramServicesAmt1262
IRS990/OtherExpensesGrp/TotalAmt02680
IRS990/OtherExpensesGrp/TotalAmt1913
IRS990/OtherExpensesGrp/TotalAmt2262
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt011111
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0303433
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARY JO GREEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0540667
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0365288
IRS990/PYInvestmentIncomeAmt0205096
IRS990/PYOtherExpensesAmt051548
IRS990/PYOtherRevenueAmt011057
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0169734
IRS990/PYSalariesCompEmpBnftPaidAmt0170250
IRS990/PYTotalExpensesAmt0587086
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0756820
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0410478
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt035919
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075101
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0609895
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0326534
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0266533
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0291901
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0443882
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01938745
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0196646
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0190033
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0386679
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0141440
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0159512
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0143499
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt089204
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0110889
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0644544
IRS990ScheduleA/PublicSupportCY170Pct00.74320
IRS990ScheduleA/PublicSupportPY170Pct00.65690
IRS990ScheduleA/PublicSupportTotal170Amt02233891
IRS990ScheduleA/SubstantialContributorsTotAmt091533
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0806541
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0516567
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0266533
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0291901
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0443882
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02325424
IRS990ScheduleA/TotalSupportAmt03005779
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt09345
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt011057
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt05363
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt06351
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt03695
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt035811
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02218204
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt011817
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02289044
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt083124
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt024101
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02149402
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt061162
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02218204
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt038351
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt030711
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02072601
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt057331
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02149402
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt019470
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01996283
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt066002
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02072601
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010316
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01936610
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt065990
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01996283
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-6317
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0196646
IRS990ScheduleD/DonatedServicesUseFcltsAmt0196646
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0196646
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt020756
IRS990ScheduleD/ExpensesSubtotalAmt0395762
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt020756
IRS990ScheduleD/InvestmentExpensesNotIncldAmt020756
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-33705
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.97740
IRS990ScheduleD/RevenueNotReportedAmt0162941
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt020756
IRS990ScheduleD/RevenueSubtotalAmt0806240
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE AMOUNT OF THE ENDOWMENT FUND PERMANENTLY RESTRICTED BY DONORS WILL BE KEPT IN TACT IN PERPETUITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MID-STATE TECHNICAL COLLEGE FOUNDATION, INC. IS ORGANIZED AS A WISCONSIN NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRC SECTION 170(B)(1)(A), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER IRC SECTION 509(A)(3). IN ADDITION, THE FOUNDATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.02260
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0416518
IRS990ScheduleD/TotalRevenuePerForm990Amt0826996
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0969181
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0592408
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt05300
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt04300
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt01000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt07859
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTINGS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0TRAPSHOOT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt012355
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt07868
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt020223
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt08055
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt06868
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt014923
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt07064
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07859
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04120
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt03739
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0313335
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0216
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOVERNMENT
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt050719
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0EQUIPMENT AND AUTOMOTIVE PARTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROMOTE HANDS ON LEARNING IN THE TECHNICAL AND INDUSTRIAL DIVISION AT MID-STATE TECHNICAL COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MID-STATE TECHNICAL COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0391089584
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0500 32ND STREET NORTH
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WISCONSIN RAPIDS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd054494
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0MSTC FOUNDATION SCHOLARSHIPS- STUDENTS MAKE APPLICATION FOR SCHOLARSHIPS WHICH ARE OFFERED THROUGH THE FOUNDATION OFFICE. THERE ARE AN AVERAGE OF 175 OPPORTUNITIES RANGING FROM $100 TO $1,500. STUDENT APPLICATION INFORMATION IS VERIFIED BY THE FOUNDATION OFFICE THEN EVALUATED BY A COMMITTEE OF FOURTEEN. EACH APPLICATION IS RATED BY THREE DIFFERENT COMMITTEE MEMBERS. THE AVERAGE IS TALLIED, AND RECIPIENTS ARE SELECTED BASED ON SCORE AND MEETING THE SPECIFIC CRITERIA OF INDIVIDUAL SCHOLARSHIPS. SCHOLARSHIPS ARE AWARDED ON AN ACADEMIC YEAR BASIS- DISBURSEMENT IN TWO EQUAL AMOUNTS- AUGUST AND JANUARY, PROVIDED THE STUDENT CONTINUES TO MEET THE CRITERIA OF SCHOLARSHIP RECEIVED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.18$0.00$5.18$0.69$0.85$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.99$0.00$4.99$0.64$5.54$4.90
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.62$0.00$9.62$4.16$0.41$3.75
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$6.83$0.00$6.83$2.88$0.47$2.41
2020Detailed filing. Detailed filing data is available for this year.$3.90$0.00$3.90$0.83$0.42$0.41
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.53$0.00$3.53$0.76$0.59$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.39$0.00$3.39$0.54$0.35$0.19
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.18$0.00$3.18$0.44$0.33$0.11
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.82$0.00$2.82$0.46$0.36$0.10
2015Detailed filing. Detailed filing data is available for this year.$2.86$0.00$2.86$0.45$0.31$0.15
2014Detailed filing. Detailed filing data is available for this year.$2.88$0.01$2.87$0.45$0.27$0.17
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.51$0.00$2.51$0.33$0.22$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$0.00$2.27$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.00$2.35$0.18