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Mid-State Technical College Foundation INC FY2020 filing

Tax-deductible

Wisc Rapids, WI501(c)(3)Education EIN 39-1333783Revenue $827K in FY2020

On file with the IRSmstc.edu/foundation-and-alumni500 32nd St N, 54494-5512 · Wisc Rapids, WITax-exempt since Aug 1979College/university support org — 170(b)(1)(A)(iv)

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To provide student scholarships and grants, and to support education programs of the College.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $273K a year · 16% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Plus $3.4M in investments, Pt X · Ln 11–13
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $112K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$827K
Spent
$417K
To programs
92%
Net assets
$3.9M
By yearFY2020–FY2025
Revenue
$827K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$827K
FY2021$2.9M
FY2022$4.2M
FY2023$639K
FY2024$693K
FY2025$889K
Expenses
$417K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$417K
FY2021$467K
FY2022$411K
FY2023$5.5M
FY2024$853K
FY2025$766K
Net assets
$3.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.9M
FY2021$6.8M
FY2022$9.6M
FY2023$5.0M
FY2024$5.2M
FY2025$5.5M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1979.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $383K Management & general 7% · $28K Fundraising 1% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Jim Shewchuk
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Kristi Waits
Director
$0Pt VII · Sec A
Sue Miller
Secretary
$0Pt VII · Sec A
Mary Jo Green
President
$0Pt VII · Sec A
Larry Turba
Director
$0Pt VII · Sec A
Tom Ekelin
Treasurer
$0Pt VII · Sec A
Lisa Rowe-Peplinski
Immediate Past President
$0Pt VII · Sec A
See Mid-State Technical College Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers scholarships, grants, and support for college education programs.

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Provided by the organization

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1 program · $383K · in their own filed words · FY2019
01

The mid-state technical college foundation provides scholarships and emergency grant and loan assistance solely for students of mid-state technical college.

$383Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Delta Dental of Wisconsin Foundation INCFY2024$50K
Community Foundation of Greater Memphis INCFY2024$25K
Community Foundation of Central Wisconsin INCFY2024$15K
Sentry Insurance Foundation INCFY2024$10K
Fidelity Investments Charitable Gift FundFY2024$8K
Nelson-Jameson Foundation INCFY2024$4K
Total grants receivedfrom 6 funders$112K
See all 6 funders →
Grants paid · 10 grants · $7.9M · 2019–2024
Unitemized GrantFY2024$340,889
Mid-State Technical CollegeFY2024$327,527
Mid-State Technical CollegeFY2023$476,784
Unitemized GrantFY2023$328,700
Mid-State Technical CollegeFY2022$5,200,623
Unitemized GrantFY2022$292,772
Unitemized GrantFY2021$288,236
Mid-State Technical CollegeFY2021$45,334
Unitemized GrantFY2020$257,464
Unitemized GrantFY2019$313,335

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$827K
Ln 12
Gifts and grantsLn 1h$610K
Investment incomeLn 3$208K
Other incomeLn 4–11$9K
Money outPt IX
$417K
Ln 25
Programscol B$383K
Managementcol C$28K
Fundraisingcol D$6K
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$185K
Total assetsLn 16$3.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$610K
Noncash giftsLn 1g$68K
Fundraising eventsLn 1c$5K
Investment incomeLn 3$208K
Other incomeLn 4–11$9K
Gains on assetsLn 7$66K
Total revenueLn 12$827K
Assets in detailPt X, end of year
CashLn 1$110K
SavingsLn 2$75K
Cash and savings togetherLn 1–2$185K
InvestmentsLn 11–13$3.4M
Total assetsLn 16$3.9M
LiabilitiesLn 26$0
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$129K$185K
InvestmentsLn 11–13$3.4M$3.4M
Total assetsLn 16$3.5M$3.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.5M$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$51K$51K
Grants to domestic individualsLn 2$313K$313K
Investment management feesLn 11f$21K$21K
Advertising and promotionLn 12$6K$1K$792$4K
TravelLn 17$5K$2K$1K$942
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$4K$2K$2K$536
All other expensesLn 24e$14K$14K
Total functional expensesLn 25$417K$383K$28K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $889K$766K$123K$5.5M 990 PDF
FY2024 $693K$853K−$160K$5.2M 990 PDF
FY2023 $639K$5.5M−$4.9M$5.0M 990 PDF
FY2022 $4.2M$411K$3.8M$9.6M 990 PDF
FY2021 $2.9M$467K$2.4M$6.8M 990 PDF
FY2020 Viewing $827K$417K$410K$3.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $826,996 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $540,667$609,895
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $205,096$207,756
I-11 Other revenuePrior year $11,057$9,345
I-12 Total revenuePrior year $756,820$826,996
I-13 Grants and similar amounts paidPrior year $365,288$364,054
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $170,250$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $51,548$52,464
I-18 Total expensesPrior year $587,086$416,518
I-19 Revenue less expensesPrior year $169,734$410,478
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $826,996 across 8 lines filed
VIII-1c Fundraising events$5,300
VIII-1f All other contributions, gifts and grants$604,595
VIII-1g Noncash contributions (included above)$67,623
VIII-1h Total contributions, gifts and grants$609,895
VIII-3 Investment incomeExcluded from tax $141,440$141,440
VIII-7 Net gain or loss on sales of assetsExcluded from tax $66,316$66,316
VIII-8 Net income from fundraising eventsExcluded from tax $9,345$9,345
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $217,101$826,996
Part IX · Statement of functional expenses $416,518 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $50,719$50,719
IX-2 Grants to domestic individualsPrograms $313,335$313,335
IX-11f Investment management feesManagement $20,756$20,756
IX-12 Advertising and promotionPrograms $1,348 · Management $792 · Fundraising $4,056$6,196
IX-17 TravelPrograms $2,357 · Management $1,414 · Fundraising $942$4,713
IX-23 InsuranceManagement $2,960$2,960
IX-24 Other expenses (24a–d)Programs $1,602 · Management $1,717 · Fundraising $536$3,855
IX-24e All other expensesPrograms $13,984$13,984
IX-25 Total functional expensesPrograms $383,345 · Management $27,639 · Fundraising $5,534$416,518
Part X · Balance sheet $3,903,018 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $93,128$110,113
X-2 Savings and temporary cash investmentsStart of year $35,919$75,101
X-3 Pledges and grants receivableStart of year $11,111$303,433
X-11 Publicly traded securitiesStart of year $3,386,087$3,414,371
X-16 Total assetsStart of year $3,526,245$3,903,018
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $847,076$771,459
X-28 Net assets with donor restrictionsStart of year $2,679,169$3,131,559
X-32 Total net assets or fund balancesStart of year $3,526,245$3,903,018
X-33 Total liabilities and net assetsStart of year $3,526,245$3,903,018
Part XI · Reconciliation of net assets $3,903,018 net assets at year end
XI-1 Total revenue$826,996
XI-2 Total expenses$416,518
XI-3 Revenue less expenses$410,478
XI-4 Net assets at start of year$3,526,245
XI-5 Net unrealized gains (losses) on investments−$33,705
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,903,018

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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