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Nonprofiteer
← MOHAWK VALLEY COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2024

Filed by MOHAWK VALLEY COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$2,071,972
Total expenses
$1,576,083
Contributions and grants received
$1,418,489
Grants paid
$413,502
Program service revenue
$0
Investment income
$497,124
Other revenue
$156,359
Total assets, end of year
$12,172,727
Total liabilities, end of year
$287,674
Net assets or fund balances, end of year
$11,885,053
Program services expenses (Part IX)
$1,308,775
Management and general expenses
$267,308
Fundraising expenses
$0
Program service expenses (Part III)
$1,308,775

Program services were 83.0% 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.

  • 1e · Government grants (contributions)

    $355,823

  • 1f · All other contributions, gifts and grants

    $1,062,666

  • 3 · Investment income

    total $251,883 · related or exempt $251,883

  • 7a · Gross sales of assets other than inventory

    securities $1,666,494

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

    securities $1,421,253

  • 7c · Gain or loss

    securities $245,241

  • 7d · Net gain or loss

    total $245,241 · related or exempt $245,241

  • 8a · Fundraising events: gross income

    $52,370

  • 8b · Fundraising events: direct expenses

    $20,940

  • 8c · Net income from fundraising events

    total $31,430 · excluded $31,430

  • 11a · Other revenue: OTHER

    total $83,584 · related or exempt $83,584

  • 11b · Other revenue: TEA LEAF ENTITIES

    total $41,345 · unrelated business $41,345

  • 11e · Other revenue, total

    $124,929

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 2 · Grants to domestic individuals

    total $313,502 · program services $313,502

  • 11a · Fees: management

    total $6,927 · program services $6,927

  • 11b · Fees: legal

    total $22,042 · management and general $22,042

  • 11f · Fees: investment management

    total $48,308 · program services $48,308

  • 13 · Office expenses

    total $26,232 · management and general $26,232

  • 16 · Occupancy

    total $56,550 · program services $56,550

  • 17 · Travel

    total $119 · program services $119

  • 19 · Conferences, conventions and meetings

    total $37,284 · program services $36,804 · management and general $480

  • 21 · Payments to affiliates

    total $39,890 · program services $39,890

  • 22 · Depreciation, depletion and amortization

    total $87,832 · management and general $87,832

  • 24a · Other expenses: GRANT SPONSORED INITIAT

    total $374,706 · program services $374,706

  • 24b · Other expenses: COLLEGE PROMOTION AND D

    total $235,227 · program services $235,227

  • 24c · Other expenses: MISC.

    total $168,002 · program services $96,274 · management and general $71,728

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $55,376 · program services $468 · management and general $54,908

  • 24e · All other expenses

    total $4,086 · management and general $4,086

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $432,974 · end of year $252,253

  • 3 · Pledges and grants receivable

    beginning of year $143,458 · end of year $133,845

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

    $1,002,840

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

    $645,803

  • 10c · Land, buildings and equipment, net

    beginning of year $444,869 · end of year $357,037

  • 11 · Investments: publicly traded securities

    beginning of year $9,963,865 · end of year $11,424,999

  • 15 · Other assets

    beginning of year $91,506 · end of year $4,593

  • 17 · Accounts payable and accrued expenses

    beginning of year $184,352 · end of year $403

  • 19 · Deferred revenue

    beginning of year $323,968 · end of year $282,678

  • 25 · Other liabilities

    beginning of year $91,506 · end of year $4,593

  • 27 · Net assets without donor restrictions

    beginning of year $1,191,964 · end of year $1,399,630

  • 28 · Net assets with donor restrictions

    beginning of year $9,284,882 · end of year $10,485,423

Mission and programs · 2024

Mission

THE MOHAWK VALLEY COMMUNITY COLLEGE FOUNDATION WAS ESTABLISHED IN 1966 TO SECURE PRIVATE SECTOR SUPPORT TO SUPPLEMENT AND ENHANCE PUBLIC FUNDING AT MOHAWK VALLEY COMMUNITY COLLEGE. THE FOUNDATION IS A 501(C)(3), NONPROFIT CORPORATION THAT SOLICITS, ACCEPTS, MANAGES, INVESTS AND DISTRIBUTES CONTRIBUTIONS AND COMMUNICATES WITH DONORS AND PROSPECTS REGULARLY. IT SERVES AS A REPOSITORY FOR ALL PRIVATE, NON-GOVERNMENTAL GIFTS AND SUPPORT RECEIVED ON BEHALF OF THE COLLEGE.

  • THE FOUNDATION PROVIDES FUNDING FOR STUDENTS OF MOHAWK VALLEY COMMUNITY COLLEGE THROUGH VARIOUS SCHOLARSHIPS. IN ADDITION, THE FOUNDATION CONTRIBUTES TO VARIOUS INITIATIVES FOR THE PURPOSE OF PROMOTING MOHAWK VALLEY COMMUNITY COLLEGE AND THE ENRICHMENT OF ITS STUDENT BODY.

    Expenses $1,308,775 · Grants $413,502 · Revenue $580,708

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RICK SHORT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT ANGELICOLA

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JOANNE DONARUMA-WADE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • AMY R DEMETRI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE DAVIS-CLARK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN ZOGBY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DARLENE MACK-BROWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CAMILLE T KAHLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CLAIRE T PARISI-GILMORE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RANDALL VANWAGONER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS SQUIRES

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • CHARLES GREEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DANA E JERRARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • DOUG BARTELL

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DEANNA L FERRO-AURIENCE

    DIRECTOR

    Total calculated
    $123,987
    From this org
    $0
    From related orgs
    $108,316
    Other
    $15,671
    Hours/week
    35

  • ROBERT HUYCK

    EX OFFICIO

    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.

Grants 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
2024
Filed
4 February 2026
IRS schema version
2024v5.5
Source object
202631069349300713

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