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Nonprofiteer
← MT HOOD COMMUNITY COLLEGE DISTRICT FOUNDATION INC

Form 990 for tax year 2022

Filed by MT HOOD COMMUNITY COLLEGE DISTRICT FOUNDATION INC.

Totals

Total revenue
$1,110,661
Total expenses
$1,503,803
Contributions and grants received
$874,792
Grants paid
$926,900
Program service revenue
$0
Investment income
$167,193
Other revenue
$68,676
Total assets, end of year
$10,939,534
Total liabilities, end of year
$61,739
Net assets or fund balances, end of year
$10,877,795
Program services expenses (Part IX)
$926,900
Management and general expenses
$406,220
Fundraising expenses
$170,683
Program service expenses (Part III)
$926,900

Program services were 61.6% 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

    $57,100

  • 1f · All other contributions, gifts and grants

    $817,692

  • 1g · Noncash contributions included above

    $26,185

  • 3 · Investment income

    total $216,384 · excluded $216,384

  • 6a · Gross rents

    real property $15,000

  • 6b · Less rental expenses

    real property $19,333

  • 6c · Rental income or loss

    real property -$4,333

  • 6d · Net rental income or loss

    total -$4,333 · excluded -$4,333

  • 7a · Gross sales of assets other than inventory

    securities $3,132,278

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

    securities $3,181,469

  • 7c · Gain or loss

    securities -$49,191

  • 7d · Net gain or loss

    total -$49,191 · excluded -$49,191

  • 8a · Fundraising events: gross income

    $111,226

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

    $57,100

  • 8b · Fundraising events: direct expenses

    $56,298

  • 8c · Net income from fundraising events

    total $54,928 · excluded $54,928

  • 11a · Other revenue: GIFT FEE REVENUE

    total $15,097 · excluded $15,097

  • 11b · Other revenue: ADMIN FEE REVENUE

    total $2,984 · excluded $2,984

  • 11e · Other revenue, total

    $18,081

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $418,180 · program services $418,180

  • 2 · Grants to domestic individuals

    total $508,720 · program services $508,720

  • 11a · Fees: management

    total $12,000 · management and general $12,000

  • 11c · Fees: accounting

    total $27,400 · management and general $27,400

  • 11g · Fees: other

    total $235,740 · management and general $82,509 · fundraising $153,231

  • 13 · Office expenses

    total $55,449 · management and general $48,882 · fundraising $6,567

  • 17 · Travel

    total $4,240 · management and general $4,240

  • 22 · Depreciation, depletion and amortization

    total $42,504 · management and general $42,504

  • 23 · Insurance

    total $20,375 · management and general $20,375

  • 24a · Other expenses: DUES/FEES

    total $86,804 · management and general $86,804

  • 24b · Other expenses: ASSET MAINTENANCE

    total $65,209 · management and general $65,209

  • 24c · Other expenses: OTHER EXPENSES-FNDRSNG-

    total $10,885 · fundraising $10,885

  • 24d · Other expenses: ANNUITY EXPENSES

    total $9,261 · management and general $9,261

  • 24e · All other expenses

    total $7,036 · management and general $7,036

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $380,273 · end of year $233,107

  • 2 · Savings and temporary cash investments

    beginning of year $152,255 · end of year $421,031

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

    $2,214,483

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

    $110,358

  • 10c · Land, buildings and equipment, net

    beginning of year $2,146,629 · end of year $2,104,125

  • 11 · Investments: publicly traded securities

    beginning of year $8,631,533 · end of year $8,181,271

  • 15 · Other assets

    beginning of year $3,715 · end of year $0

  • 25 · Other liabilities

    beginning of year $43,468 · end of year $61,739

  • 27 · Net assets without donor restrictions

    beginning of year $5,097,121 · end of year $4,541,227

  • 28 · Net assets with donor restrictions

    beginning of year $6,173,816 · end of year $6,336,568

Mission and programs · 2022

Mission

THE FOUNDATION'S MISSION IS TO BE A UNIFYING FORCE PROVIDING RESOURCES VITAL TO QUALITY EDUCATION AND COMMUNITY LIFE.

Activities or mission (Part I)

TO BE A UNIFYING FORCE PROVIDING RESOURCES VITAL TO QUALITY EDUCATION AND COMMUNITY LIFE.

  • AWARDED ANNUALLY AND BY SCHOOL TERM, SCHOLARSHIPS ARE FUNDED BY DONATIONS FROM CORPORATIONS, FOUNDATIONS, INDIVIDUALS AND ORGANIZATIONS AS WELL AS PROCEEDS FROM THE ANNUAL MHCC FOUNDATION AUCTION. ONCE FUNDING IS AVAILABLE, SCHOLARSHIPS ARE ADVERTISED FOR STUDENT APPLICATION. A MHCC FINANCIAL AID REPRESENTATIVE AND THE MHCCD FOUNDATION SCHOLARSHIP AND GRANTS COMMITTEE MEMBERS REVIEW THE APPLICATIONS AND DETERMINE A RECIPIENT BASED UPON THE ESTABLISHED SCHOLARSHIP CRITERIA. APPROXIMATELY $508,720 WAS AWARDED TO APPROXIMATELY 171 STUDENTS IN THE 2022-2023 FISCAL YEAR. THESE SCHOLARSHIP AWARDS AID STUDENTS IN PAYING FOR TUITION, FEES, BOOKS, AND SUPPORT SERVICES.

    Expenses $508,720 · Grants $508,720

  • PROGRAM FUNDS ARE SPECIFICALLY ESTABLISHED FOR USE IN A PARTICULAR DIVISION, DEPARTMENT OR PROGRAM. THESE FUNDS ARE USED FOR PROGRAM EQUIPMENT, STUDENT CONFERENCE FEES, PROFESSIONAL DEVELOPMENT FOR INSTRUCTORS, AND PROJECTS AND ASSISTANCE TO BENEFIT STUDENTS AND EMPLOYEES. DONORS MAY DESIGNATE THEIR GIFT TO ANY EXISTING PROGRAM FUND OR CAN INITIATE A FUND IF CIRCUMSTANCES WARRANT. FUNDING FOR PROGRAM SUPPORT TYPICALLY COMES FROM DONOR DESIGNATIONS AS WELL AS GRANTS FROM FOUNDATIONS OR ORGANIZATIONS. APPROXIMATELY $159,980 WAS FUNDED TO THE COLLEGE PROGRAM AREAS IN THE 2022-2023 FISCAL YEAR.

    Expenses $159,980 · Grants $159,980

  • ANNUALLY THE COLLEGE DETERMINES PRIVATE FUNDING PRIORITIES AND PRESENTS A REQUEST TO THE MHCCD FOUNDATION FINANCE COMMITTEE FOR RECOMMENDATION TO THE FOUNDATION BOARD FOR APPROVAL. TYPICALLY, THE COLLEGE PRESIDENT MAKES THE REQUEST. IN 2022-2023, THE FOUNDATION SUPPORTED THE COLLEGE WITH PAYMENTS OR TRANSFERS FROM THE BOARD DESIGNATED GENERAL FUND FOR THE FOLLOWING:DESCRIPTION AMOUNTDENTAL LAB REMODEL FOR ACCREDITATION $160,000MECHATRONICS BALANCE FOR EQUIPMENT PURCHASES $ 93,700 STAFF AWARDS $ 4,500 TOTAL $258,200

    Expenses $258,200 · Grants $258,200

As filed on the 2022 return.

Listed in Part VII

  • Warner E Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sue O'Halloran

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ken Cornelison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Garber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Martin Hertrich

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stan Hymel

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Nancy Jaksich

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robin McGregor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jon Sandstrom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wendy Vondrak

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dan Corcoran

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Debra Derr

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Anne Furniss

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dan Malinaric

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tanya Shanks-Connors

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paula Walker

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mike Wand

    BOARD MEMBER

    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

  • MT HOOD COMMUNITY COLLEGE

    $418,180

    PROGRAM EQUIPMENT, STUDENT CONFERENCE FEES, PROFESSIONAL DEVELOPMENT, DENTAL LAB REMODEL

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.

  • MT HOOD COMMUNITY COLLEGE

    115(1) · EDUCATION · OR

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MHCC FOUNDATION LLC

    SUPPORT OF EDUCATIONAL EFFORTS · OR · income $112,571 · assets $2,092,506

    Directly controlled by MT HOOD COMMUNITY COLLEGE FOUNDATION INC

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303199349310975

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