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Nonprofiteer
← MIDLANDS TECHNICAL COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by MIDLANDS TECHNICAL COLLEGE FOUNDATION INC.

Totals

Total revenue
$4,512,505
Total expenses
$2,337,747
Contributions and grants received
$3,336,948
Grants paid
$549,870
Program service revenue
$0
Investment income
$1,118,397
Other revenue
$57,160
Total assets, end of year
$17,276,422
Total liabilities, end of year
$95,278
Net assets or fund balances, end of year
$17,181,144
Program services expenses (Part IX)
$2,066,967
Management and general expenses
$143,769
Fundraising expenses
$127,011
Program service expenses (Part III)
$2,066,967

Program services were 88.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DR RONALD L RHAMES

    PRES. MID TE

    Total calculated
    $326,190
    From this org
    $117,905
    From related orgs
    $208,285
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $117,905 + $208,285 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $117,905 + $208,285 related

  • JAMES L BRAUN

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAN BRUINSMA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTIAN STORMER CPA

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • STEPHANIE DEFREESE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID E DUBBERLY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JUDGE TOMOTHY C EDMOND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KRISTI EIDSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CAROLYN R EWING-TURNER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JOHN GOFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY GRIFFIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHERYL HOLLAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN GRIGGS III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIS LANGLEY III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WALTER J JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANGELLE LABORDE

    TRUSTEE

    Total calculated
    $0

  • NANCY L MCKINNEY

    CEO

    Total calculated
    $0
    Hours/week
    40

  • DEREK RAPER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES D REYNOLDS

    TRUSTEE EMER

    Total calculated
    $0
    Hours/week
    1

  • VAUGHN K REYNOLDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • L TODD SEASE

    COMMISSION C

    Total calculated
    $0
    Hours/week
    1

  • THOMAS E PERSONS SR

    TRUSTEE EMER

    Total calculated
    $0
    Hours/week
    1

  • DEBBIE WALKER

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE BLANCHARD WHITTLE

    TRUSTEE

    Total calculated
    $0

  • CHRIS ZIMMER

    TRUSTEE

    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 · 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)

SCHEDULE J, PART III
THE FOUNDATION PAYS MEMBERSHIP DUES FOR THE CAPITAL CITY CLUB FOR DR. RONALD RHAMES. THE FOUNDATION ALSO PAYS MEMBERSHIP DUES FOR PROFESSIONAL ORGANIZATIONS FOR THE OFFICE OF PHILANTHROPY.

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2022
Filed
21 September 2023
IRS schema version
2022v5.0
Source object
202342939349300529

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