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Mid-State Technical College Foundation INC FY2021 filing

Tax-deductible

Wisc Rapids, WI501(c)(3)EducationEIN 39-1333783Revenue $2.9M in FY2021

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.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
47 mo
of spending, in cash
Looks good: 47.0 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
$2.9M
+248% vs prior year
Spent
$467K
To programs
94%
Net assets
$6.8M
By yearFY2020–FY2025
Revenue
$2.9M
FY2021▲ +248%
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
$467K
FY2021▲ +12%
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
$6.8M
FY2021▲ +75%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

94 cents of each dollar spent went to programs.

Program services 94% · $439K Management & general 5% · $25K Fundraising 1% · $2K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Jill Steckbauer
Executive Director
$0Pt VII · Sec A
Mary Jo Green
President
$0Pt VII · Sec A
Sue Miller
Secretary
$0Pt VII · Sec A
Tom Ekelin
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Lisa Rowe-Peplinski
Immediate Past President
$0Pt VII · Sec A
Jim Shewchuk
Director
$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 · $439K · in their own filed words · FY2020
01

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

$439Kprogram 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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.9M
Ln 12
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$437K
Money outPt IX
$467K
Ln 25
Programscol B$439K
Managementcol C$25K
Fundraisingcol D$2K
Owns and owesPt X
$6.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$6.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Noncash giftsLn 1g$181K
Fundraising eventsLn 1c$9K
Investment incomeLn 3$437K
Gains on assetsLn 7$282K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$143K
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$4.3M
Total assetsLn 16$6.8M
LiabilitiesLn 26$0
Net assetsLn 32$6.8M
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 FY21End FY21
Cash and savingsLn 1–2$185K$1.8M
InvestmentsLn 11–13$3.4M$4.3M
Total assetsLn 16$3.9M$6.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.9M$6.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$165K$165K
Grants to domestic individualsLn 2$257K$257K
Investment management feesLn 11f$22K$22K
Advertising and promotionLn 12$3K$925$154$2K
TravelLn 17$648$324$324
Conferences, conventions and meetingsLn 19$80$80
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$4K$2K$1K$162
All other expensesLn 24e$13K$13K
Total functional expensesLn 25$467K$439K$25K$2K

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 Viewing $2.9M$467K$2.4M$6.8M 990 PDF
FY2020 $827K$417K$410K$3.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $2,880,445 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $609,895$2,444,526
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $207,756$437,346
I-11 Other revenuePrior year $9,345−$1,427
I-12 Total revenuePrior year $826,996$2,880,445
I-13 Grants and similar amounts paidPrior year $364,054$422,661
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $52,464$43,925
I-18 Total expensesPrior year $416,518$466,586
I-19 Revenue less expensesPrior year $410,478$2,413,859
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 $2,880,445 across 8 lines filed
VIII-1c Fundraising events$9,450
VIII-1f All other contributions, gifts and grants$2,435,076
VIII-1g Noncash contributions (included above)$180,804
VIII-1h Total contributions, gifts and grants$2,444,526
VIII-3 Investment incomeExcluded from tax $155,420$155,420
VIII-7 Net gain or loss on sales of assetsExcluded from tax $281,926$281,926
VIII-8 Net income from fundraising eventsExcluded from tax −$1,427−$1,427
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $435,919$2,880,445
Part IX · Statement of functional expenses $466,586 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $165,197$165,197
IX-2 Grants to domestic individualsPrograms $257,464$257,464
IX-11f Investment management feesManagement $21,536$21,536
IX-12 Advertising and promotionPrograms $925 · Management $154 · Fundraising $2,005$3,084
IX-17 TravelManagement $324 · Fundraising $324$648
IX-19 Conferences, conventions and meetingsPrograms $80$80
IX-23 InsuranceManagement $1,813$1,813
IX-24 Other expenses (24a–d)Programs $1,920 · Management $1,495 · Fundraising $162$3,577
IX-24e All other expensesPrograms $13,187$13,187
IX-25 Total functional expensesPrograms $438,773 · Management $25,322 · Fundraising $2,491$466,586
Part X · Balance sheet $6,830,412 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $110,113$142,526
X-2 Savings and temporary cash investmentsStart of year $75,101$1,683,008
X-3 Pledges and grants receivableStart of year $303,433$675,700
X-11 Publicly traded securitiesStart of year $3,414,371$4,329,178
X-16 Total assetsStart of year $3,903,018$6,830,412
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $771,459$1,568,786
X-28 Net assets with donor restrictionsStart of year $3,131,559$5,261,626
X-32 Total net assets or fund balancesStart of year $3,903,018$6,830,412
X-33 Total liabilities and net assetsStart of year $3,903,018$6,830,412
Part XI · Reconciliation of net assets $6,830,412 net assets at year end
XI-1 Total revenue$2,880,445
XI-2 Total expenses$466,586
XI-3 Revenue less expenses$2,413,859
XI-4 Net assets at start of year$3,903,018
XI-5 Net unrealized gains (losses) on investments$542,550
XI-8 Prior period adjustments−$36,615
XI-9 Other changes in net assets$7,600
XI-10 Net assets at end of year$6,830,412

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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