Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $752,829

• 1f · All other contributions, gifts and grants

  $713,634

• 3 · Investment income

  total $1,024,345 · excluded $1,024,345

• 7a · Gross sales of assets other than inventory

  securities $358,420

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

  securities $0

• 7c · Gain or loss

  securities $358,420

• 7d · Net gain or loss

  total $358,420 · excluded $358,420

• 11a · Other revenue: OTHER

  total $3,024 · related or exempt $3,024

• 11e · Other revenue, total

  $3,024

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,052,954 · program services $1,052,954

• 7 · Other salaries and wages

  total $340,740 · program services $157,400 · management and general $162,322 · fundraising $21,018

• 11c · Fees: accounting

  total $88,690 · management and general $88,690

• 11f · Fees: investment management

  total $267,197 · management and general $267,197

• 17 · Travel

  total $17,832 · program services $11,519 · management and general $5,982 · fundraising $331

• 23 · Insurance

  total $9,613 · management and general $8,493 · fundraising $1,120

• 24a · Other expenses: EQUIPMENT

  total $149,534 · program services $90,238 · management and general $59,296

• 24b · Other expenses: OTHER ALLOCATION

  total $60,101 · management and general $33,170 · fundraising $26,931

• 24c · Other expenses: RECEPTIONS AND ENTERTAI

  total $34,683 · program services $3,481 · management and general $4,034 · fundraising $27,168

• 24d · Other expenses: SUPPLIES

  total $31,421 · program services $20,061 · management and general $916 · fundraising $10,444

• 24e · All other expenses

  total $41,535 · program services $7,171 · management and general $33,729 · fundraising $635

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $250 · end of year $250

• 2 · Savings and temporary cash investments

  beginning of year $451,175 · end of year $311,061

• 3 · Pledges and grants receivable

  beginning of year $771,508 · end of year $600,145

• 4 · Accounts receivable

  beginning of year $22,081 · end of year $8,279

• 9 · Prepaid expenses and deferred charges

  beginning of year $12,861 · end of year $15,399

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

  $35,500

• 10c · Land, buildings and equipment, net

  beginning of year $23,000 · end of year $35,500

• 12 · Investments: other securities

  beginning of year $34,774,481 · end of year $39,409,188

• 15 · Other assets

  beginning of year $99,087 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $190,978 · end of year $381,887

• 19 · Deferred revenue

  beginning of year $605,414 · end of year $599,381

• 27 · Net assets without donor restrictions

  beginning of year $7,324,684 · end of year $8,373,845

• 28 · Net assets with donor restrictions

  beginning of year $28,033,367 · end of year $31,024,709

The filer's explanations (Part III)

PART I, LINE 3

THE MOUNTAIN EMPIRE COMMUNTY COLLEGE FOUNDATION (MECCF) DOES NOT USE ANY METHOD OF ESTABLISHING COMPENSATION FOR DR. WESTOVER DUE TO HER CONTRACT AND PAY BEING PAID/SERVICED BY MOUNTAIN EMPIRE COMMUNITY COLLEGE (MECC) AND NOT MECCF. THE CONTRACTUAL AGREEMENT THAT IS HELD BETWEEN MECC AND MECCF DOES NOT INCORPORATE HER COMPENSATION.

PART I, LINE 5

N/A

PART I, LINE 6

N/A

PART I, LINE 7

N/A

PART I, LINE 8

N/A