Skip to content
Nonprofiteer
← MADISON AREA TECHNICAL COLLEGE FOUNDATION INC

Form 990 for tax year 2024

Filed by MADISON AREA TECHNICAL COLLEGE FOUNDATION INC.

Totals

Total revenue
$6,768,986
Total expenses
$7,731,708
Contributions and grants received
$5,044,562
Grants paid
$5,693,808
Program service revenue
$124,924
Investment income
$1,238,588
Other revenue
$360,912
Total assets, end of year
$27,208,443
Total liabilities, end of year
$1,946,615
Net assets or fund balances, end of year
$25,261,828
Program services expenses (Part IX)
$6,307,285
Management and general expenses
$900,073
Fundraising expenses
$524,350
Program service expenses (Part III)
$6,307,285

Program services were 81.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • TAMMY THAYER

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $267,682
    From this org
    $252,436
    From related orgs
    $0
    Other
    $15,246
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,436
    Bonus
    $35,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,246
    Filer's total
    $267,682

  • CHAD MARGENAU

    VP FINANCE AND OPERATIONS (THRU 01/2025)

    Total calculated
    $185,011
    From this org
    $160,317
    From related orgs
    $0
    Other
    $24,694
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,817
    Bonus
    $17,500
    Other
    $0
    Deferred
    $10,279
    Nontaxable benefits
    $14,415
    Filer's total
    $185,011

  • BRYAN WOODHOUSE

    VP OF DEVELOPMENT

    Total calculated
    $180,977
    From this org
    $150,541
    From related orgs
    $0
    Other
    $30,436
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,541
    Bonus
    $10,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,436
    Filer's total
    $180,977

  • BILL BEISENSTEIN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • TODD LUDGATE

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ROBIN ROBERTS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DEBRA LANGE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TURINA BAKKEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RUSSELL CANNON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN FELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARIO GARCIA SIERRA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATIE HOTTMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARSHALL MENNENGA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIM O'BRIEN

    DIRECTOR (THRU 02/2025)

    Total calculated
    $0
    Hours/week
    1

  • JAMES RIORDAN

    DIRECTOR (THRU 05/2025)

    Total calculated
    $0
    Hours/week
    1

  • TRACY SCHWEITZER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE CHIEF EXECUTIVE OFFICER AND THE VP OF DEVELOPMENT HAD THEIR ROTARY CLUB DUES PAID BY THE ORGANIZATION. NO PART OF THIS BENEFIT WAS TREATED AS TAXABLE COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
16 April 2026
IRS schema version
2024v5.5
Source object
202611069349301316

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.