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Nonprofiteer
← NORTH COUNTRY COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by NORTH COUNTRY COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$1,957,146
Total expenses
$1,441,603
Contributions and grants received
$271,567
Grants paid
$1,323,068
Program service revenue
$1,639,695
Investment income
$43,804
Other revenue
$2,080
Total assets, end of year
$32,331,153
Total liabilities, end of year
$1,909,407
Net assets or fund balances, end of year
$30,421,746
Program services expenses (Part IX)
$1,370,204
Management and general expenses
$71,399
Fundraising expenses
$0
Program service expenses (Part III)
$1,370,204

Program services were 95.0% 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

    $271,567

  • 1g · Noncash contributions included above

    $8,000

  • 2a · Program service revenue: LEASE INCOME - BALLARD MILL

    total $932,860 · related or exempt $932,860

  • 2b · Program service revenue: LEASE INCOME- TI

    total $695,279 · related or exempt $695,279

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $11,556 · related or exempt $11,556

  • 3 · Investment income

    total $35,424 · excluded $35,424

  • 7a · Gross sales of assets other than inventory

    securities $140,754 · other assets $175,000

  • 7b · Less cost or other basis and sales expenses

    securities $148,494 · other assets $158,880

  • 7c · Gain or loss

    securities -$7,740 · other assets $16,120

  • 7d · Net gain or loss

    total $8,380 · related or exempt $8,380

  • 11a · Other revenue: PARKING REVENUE

    total $2,000 · excluded $2,000

  • 11b · Other revenue: MISCELLANEOUS FEES

    total $80 · excluded $80

  • 11e · Other revenue, total

    $2,080

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,171,031 · program services $1,171,031

  • 2 · Grants to domestic individuals

    total $152,037 · program services $152,037

  • 11c · Fees: accounting

    total $8,200 · management and general $8,200

  • 11f · Fees: investment management

    total $6,901 · management and general $6,901

  • 13 · Office expenses

    total $7,492 · management and general $7,492

  • 17 · Travel

    total $1,859 · management and general $1,859

  • 20 · Interest

    total $39,909 · program services $39,909

  • 22 · Depreciation, depletion and amortization

    total $1,392 · program services $1,392

  • 24a · Other expenses: LEASED EMPLOYEES

    total $34,805 · management and general $34,805

  • 24b · Other expenses: REAL ESTATE TAXES

    total $5,835 · program services $5,835

  • 24c · Other expenses: FEES

    total $4,243 · management and general $4,243

  • 24d · Other expenses: REPAIRS

    total $3,501 · management and general $3,501

  • 24e · All other expenses

    total $4,398 · management and general $4,398

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $336,288 · end of year $620,029

  • 3 · Pledges and grants receivable

    beginning of year $12,000 · end of year $12,000

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

    $54,332

  • 10b · Land, buildings and equipment: accumulated depreciation

    $41,076

  • 10c · Land, buildings and equipment, net

    beginning of year $150,726 · end of year $13,256

  • 11 · Investments: publicly traded securities

    beginning of year $1,307,069 · end of year $1,464,462

  • 15 · Other assets

    beginning of year $31,003,027 · end of year $30,221,406

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,828 · end of year $4,110

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,392,090 · end of year $941,687

  • 25 · Other liabilities

    beginning of year $845,392 · end of year $963,610

  • 27 · Net assets without donor restrictions

    beginning of year $30,144,403 · end of year $29,897,566

  • 28 · Net assets with donor restrictions

    beginning of year $421,397 · end of year $524,180

Mission and programs · 2023

Mission

TO ENHANCE AND PROVIDE ASSISTANCE FOR THE EDUCATIONAL PROGRAMS OF NORTH COUNTRY COMMUNITY COLLEGE.

  • PROVIDE ASSISTANCE TO NORTH COUNTRY COMMUNITY COLLEGE FOR EDUCATIONAL PROGRAMS.

    Expenses $1,323,068 · Grants $1,323,068

  • TI CAMPUS- RENTS SATELLITE CAMPUS TO NORTH COUNTRY COMMUNITY COLLEGE PROVIDING SERVICES TO THE COMMUNITY COLLEGE, AND EXEMPT FUNCTION.

    Expenses $19,482 · Revenue $695,279

  • BALLARD MILL- RENTS SATELLITE CAMPUS TO NORTH COUNTRY COMMUNITY COLLEGE PROVIDING SERVICES TO THE COMMUNITY COLLEGE, AND EXEMPT FUNCTION.

    Expenses $27,654 · Revenue $932,860

  • SCHOLARSHIP PROGRAM PROVIDES SCHOLARSHIPS TO NORTH COUNTRY COMMUNITY COLLEGE STUDENTS, AN EXEMPT FUNCTION.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Micky Cecunjanin

    MEMBER

    Total calculated
    $0

  • Marc Czadzeck

    MEMBER

    Total calculated
    $0

  • Tom Finch

    PRESIDENT

    Total calculated
    $0

  • Matthew Foley

    TREASURER

    Total calculated
    $0

  • Susan Day Fuller

    MEMBER

    Total calculated
    $0

  • Richard Godin

    VICE-PRESIDE

    Total calculated
    $0

  • Paul Gedroiz

    MEMBER

    Total calculated
    $0

  • Erik Harvey

    MEMBER

    Total calculated
    $0

  • Joseph Keegan

    MEMBER

    Total calculated
    $0

  • Frederick Smith

    MEMBER

    Total calculated
    $0

  • Pete Suttmeier

    MEMBER

    Total calculated
    $0

  • Catherine Werley

    SECRETARY

    Total calculated
    $0

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

  • NORTH COUNTRY COMMUNITY COLLEGE

    $1,171,031

    OPERATIONS & SCHOLAR

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
2023
Filed
15 July 2024
IRS schema version
2023v5.0
Source object
202442089349300204

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