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← MARC FOUNDATION OF DANE COUNTY INC

Form 990 for tax year 2024

Filed by MARC FOUNDATION OF DANE COUNTY INC.

Totals

Total revenue
$135,619
Total expenses
$101,289
Contributions and grants received
$15,495
Grants paid
$36,321
Program service revenue
$89,958
Investment income
$24,304
Other revenue
$5,862
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$99,053
Management and general expenses
$0
Fundraising expenses
$2,236
Program service expenses (Part III)
$99,053

Program services were 97.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $15,495

  • 2a · Program service revenue: LEASING OF FACILITIES

    total $89,958 · related or exempt $89,958

  • 3 · Investment income

    total $24,304 · excluded $24,304

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $3,953

  • 8c · Net income from fundraising events

    total -$3,953 · excluded -$3,953

  • 11a · Other revenue: OTHER

    total $9,815 · related or exempt $9,815

  • 11e · Other revenue, total

    $9,815

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,321 · program services $36,321

  • 20 · Interest

    total $7,993 · program services $7,993

  • 22 · Depreciation, depletion and amortization

    total $50,933 · program services $50,933

  • 24a · Other expenses: OTHER

    total $3,192 · program services $956 · fundraising $2,236

  • 24b · Other expenses: ADMIN FEES

    total $2,850 · program services $2,850

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,157 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $475,256 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $5,457 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,134,415 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $640,298 · end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $156,525 · end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,952

  • 18 · Grants payable

    beginning of year $125,000

  • 23 · Secured mortgages and notes payable

    beginning of year $281,678

  • 27 · Net assets without donor restrictions

    beginning of year $1,899,908 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $98,570 · end of year $0

Mission and programs · 2024

Mission

MARC FOUNDATION OF DANE COUNTY HAS PROVIDED FINANCIAL SUPPORT TO PROGRAMS OF MADISON AREA REHABILITATION CENTERS, INC (DBA MARC, INC.). THE PRIMARY SUPPORT HAS BEEN THROUGH BUILDING LEASES AND IMPROVEMENTS TO MARC AND TO SUPPORT THEIR DAILY PROGRAMS FOR ADULTS WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES.

Activities or mission (Part I)

MARC FOUNDATION OF DANE COUNTY HAS PROVIDED FINANCIAL SUPPORT TO THE PROGRAMS PROVIDED BY MADISON AREA REHABILITATION CENTERS, INC. (MARC, INC.) TO ADULTS WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES. MARC FOUNDATION OF DANE COUNTY WAS MERGED INTO MARC, INC. EFFECTIVE 12/31/2024.

  • REPRESENTS LEASE REVENUES AND INTEREST AND DEPRECIATION EXPENSES OF THE MARC FOUNDATION OF DANE COUNTY RELATED TO THE LEASE OF BUILDINGS TO MARC, INC. TO BE USED IN SUPPORT OF VARIOUS PROGRAMS FOR SOME OF THE MORE THAN 300 ADULTS WITH DEVELOPMENTAL DISABILITIES IN THE VARIOUS MARC, INC. PROGRAMS THROUGHOUT 6 LOCATIONS IN DANE COUNTY AS WELL AS A PROGRAM IN SAUK COUNTY, WI. ONE OF THE IMPORTANT OBJECTIVES OF THE MARC PROGRAMS IS TO ASSURE THAT THOSE ADULTS ARE MORE FULLY INTEGRATED INTO THE COMMUNITY BY ACTIVELY PARTICIPATING IN ACTIVITIES OUTSIDE OF THE VARIOUS MARC FACILITIES. WITH FINANCIAL SUPPORT FOR ADULTS IN MARC PROGRAMS OFTEN TIMES LAGGING NEEDS, MARC FOUNDATION OF DANE COUNTY'S SUPPORT IS CRUCIAL TO MARC'S ABILITY TO NOT ONLY PROVIDE, BUT ALSO TO ELEVATE PROGRAMS AND FULL COMMUNITY INTEGRATION ON BEHALF OF MARC, INC PARTICIPANTS.

    Expenses $58,926 · Revenue $89,958

  • MARC FOUNDATION OF DANE COUNTY PROVIDES FUNDING FOR EMPLOYEE RECOGNITION AWARDS AT THE MARC ANNUAL RECOGNITION EVENT. THERE ARE FOUR SUCH AWARDS; ONE ANNUALLY AND THREE PRESENTED IN ALTERNATE YEARS. THE FUNDING IS PROVIDED VIA AN ANNUAL GRANT TO MARC AND COMES FROM RESTRICTED FUNDS AT THE MARC FOUNDATION OF DANE COUNTY. THE MARC ANNUAL BANQUET ALSO RECOGNIZES LOCAL BUSINESSES WHO HIRE MARC PROGRAM PARTICIPANTS AS WELL OTHER MARC EMPLOYEES WITH LONGEVITY AND VOLUNTEERS. THE FOUNDATION ALSO, ON OCCASION, ACKNOWLEDGES ALL MARC EMPLOYEE EFFORTS THROUGH AN ANNUAL "THANK YOU" THAT OFTEN INCLUDES A FINANCIAL APPRECIATION AND/OR COMMUNITY OUTING EVENT THANK YOU. THIS IS ALSO DONE THROUGH A GRANT TO MARC. THE MARC FOUNDATION OF DANE COUNTY ALSO OVERSEES AN ANNUAL FALL FUND DRIVE, THE PROCEEDS OF WHICH ARE PROVIDED TO MARC VIA AN ANNUAL GRANT TO BE USED TO SUPPORT ACTIVITIES OUT IN THE COMMUNITY FOR CLIENTS AS WELL AS PROGRAM NEEDS.

    Expenses $36,321 · Grants $36,321

  • OTHER PROGRAM SERVICES INCLUDES ADMIN FEES, DUES AND SUBSCRIPTIONS, FUNDRAISING EXPENSES (FALL FUND DRIVE)

    Expenses $3,806

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Lawton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Barb Stransky CPA

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Jean Christensen CPA

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Tommy Farrell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Judy Kelter-Ketelboeter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Linda Nelson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Diane Kraus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Carie Fancher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Greg Kesling

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Suzanne Hanson

    EX-OFFICIO/ASST. SECRETARY

    Total calculated
    $133,149
    From this org
    $0
    From related orgs
    $110,552
    Other
    $22,597
    Hours/week
    0.5 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2024
Filed
1 May 2025
IRS schema version
2024v5.1
Source object
202501269349301610

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