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Nonprofiteer
← MCLENNAN COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by MCLENNAN COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$3,358,483
Total expenses
$2,246,333
Contributions and grants received
$1,546,686
Grants paid
$2,045,940
Program service revenue
$0
Investment income
$1,842,448
Other revenue
-$30,651
Total assets, end of year
$38,249,067
Total liabilities, end of year
$295,418
Net assets or fund balances, end of year
$37,953,649
Program services expenses (Part IX)
$2,045,940
Management and general expenses
$200,393
Fundraising expenses
$0
Program service expenses (Part III)
$2,045,940

Program services were 91.1% 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.

  • 1c · Fundraising events

    $71,653

  • 1f · All other contributions, gifts and grants

    $1,475,033

  • 3 · Investment income

    total $626,910 · excluded $626,910

  • 7a · Gross sales of assets other than inventory

    securities $2,798,283

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

    securities $1,582,745

  • 7c · Gain or loss

    securities $1,215,538

  • 7d · Net gain or loss

    total $1,215,538 · excluded $1,215,538

  • 8a · Fundraising events: gross income

    $34,200

  • 8a · Fundraising events: contributions included on line 1c

    $71,653

  • 8b · Fundraising events: direct expenses

    $64,851

  • 8c · Net income from fundraising events

    total -$30,651 · excluded -$30,651

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,356,418 · program services $1,356,418

  • 2 · Grants to domestic individuals

    total $689,522 · program services $689,522

  • 11f · Fees: investment management

    total $95,773 · management and general $95,773

  • 24a · Other expenses: GENERAL & ADMINISTRATIV

    total $104,620 · management and general $104,620

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $171,327 · end of year $71,052

  • 2 · Savings and temporary cash investments

    beginning of year $1,419,065 · end of year $844,844

  • 3 · Pledges and grants receivable

    beginning of year $140,000 · end of year $298,031

  • 9 · Prepaid expenses and deferred charges

    beginning of year $73,010 · end of year $61,022

  • 11 · Investments: publicly traded securities

    beginning of year $31,405,543 · end of year $6,888,582

  • 12 · Investments: other securities

    beginning of year $4,112,532 · end of year $30,061,622

  • 15 · Other assets

    beginning of year $23,914 · end of year $23,914

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,790,637 · end of year $295,418

  • 27 · Net assets without donor restrictions

    beginning of year $45,473 · end of year $45,622

  • 28 · Net assets with donor restrictions

    beginning of year $35,509,281 · end of year $37,908,027

Mission and programs · 2024

Mission

THE MCC FOUNDATION'S MISSION SUPPORTS THE DEVELOPMENT OF FUNDS FOR STUDENT SCHOLARSHIPS, STAFF AND FACULTY PROFESSIONAL DEVELOPMENT AND CAMPUS CAPITAL NEEDS.

Activities or mission (Part I)

THE MCC FOUNDATION'S MISSION SUPPORTS THE DEVELOPMENT OF FUNDS FOR STUDENT SCHOLARSHIPS, STAFF AND FACULTY PROFESSIONAL DEVELOPMENT, CAMPUS CAPITAL PROJECTS AND STUDENT EMERGENCY NEEDS.

  • AWARDS SCHOLARSHIPS TO STUDENTS OF MCLENNAN COMMUNITY COLLEGE TO ENCOURAGE EDUCATIONAL OPPORTUNITIES. IN ADDITION, THE FOUNDATION PROVIDES EMERGENCY GRANTS TO STUDENTS OF MCLENNAN COMMUNITY COLLEGE WHO ENCOUNTER EXTRAORDINARY EVENTS THAT COULD NEGATIVELY AFFECT THEIR ABILITY TO CONTINUE THEIR COLLEGE EDUCATION. THE FOUNDATION ALSO SUPPORTS PAULANNE'S PANTRY TO PROVIDE BASIC FOOD AND HYGIENE ITEMS FOR STUDENTS EXPERIENCING ECONOMIC INSECURITIES.

    Expenses $689,522 · Grants $689,522

  • FUNDS WERE DISTRIBUTED TO MCLENNAN COMMUNITY COLLEGE TO COVER $911,483 IN FACILITIES EXPENSE AND $409,225 IN VARIOUS COLLEGE PROGRAM EXPENSES.

    Expenses $1,317,708 · Grants $1,317,708

  • GRANTS TO MCLENNAN COMMUNITY COLLEGE TO BE USED TO FUND PROFESSIONAL DEVELOPMENT CONFERENCES AND CONTINUING EDUCATION FOR FACULTY AND STAFF.

    Expenses $38,710 · Grants $38,710

As filed on the 2024 return.

Listed in Part VII

  • MARY PEREZ

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DANA HASSELL

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SABRINA MOORE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DR JOHNETTE MCKOWN

    SECRETARY/MCC PRES

    Total calculated
    $0
    Hours/week
    1

  • RODNEY CLARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MOSIE HOLLEY

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LEN BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN BIBLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR EDDIE MORRISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEIDRA EMERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHNNY GIOTES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BETSY REEDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MISTI MOSTILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DONALD LEWIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL MCCLINTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDY HARWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN HILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CLINT LEWIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR LAUR WICHMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EARL STINNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBBIE SARTAIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR DIANNE SAWYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J DAVID DICKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER QUALLS

    EXECUTIVE DIRECTOR(4/25-PRESENT)

    Total calculated
    $0
    Hours/week
    40

  • WES LIVESAY

    EXECUTIVE DIRECTOR(10.15.23-8.31.24)

    Total calculated
    $163,055
    From this org
    $142,465
    From related orgs
    $0
    Other
    $20,590
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,465
    Bonus
    $0
    Other
    $0
    Deferred
    $13,092
    Nontaxable benefits
    $7,498
    Filer's total
    $163,055

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

None.

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

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

Provenance

Return type
form_990
Tax year
2024
Filed
10 December 2025
IRS schema version
2024v5.2
Source object
202523469349300442

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