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Nonprofiteer
← MCLENNAN COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by MCLENNAN COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$3,419,594
Total expenses
$908,488
Contributions and grants received
$2,898,644
Grants paid
$804,690
Program service revenue
$0
Investment income
$527,197
Other revenue
-$6,247
Total assets, end of year
$32,689,605
Total liabilities, end of year
$91,362
Net assets or fund balances, end of year
$32,598,243
Program services expenses (Part IX)
$804,690
Management and general expenses
$103,798
Fundraising expenses
$0
Program service expenses (Part III)
$804,690

Program services were 88.6% 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

    $36,793

  • 1f · All other contributions, gifts and grants

    $2,861,851

  • 3 · Investment income

    total $541,944 · excluded $541,944

  • 7a · Gross sales of assets other than inventory

    securities $5,346,636

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

    securities $5,361,383

  • 7c · Gain or loss

    securities -$14,747

  • 7d · Net gain or loss

    total -$14,747 · excluded -$14,747

  • 8a · Fundraising events: gross income

    $36,000

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

    $36,793

  • 8b · Fundraising events: direct expenses

    $42,247

  • 8c · Net income from fundraising events

    total -$6,247 · excluded -$6,247

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $182,084 · program services $182,084

  • 2 · Grants to domestic individuals

    total $622,606 · program services $622,606

  • 11f · Fees: investment management

    total $29,362 · management and general $29,362

  • 24a · Other expenses: GENERAL & ADMINISTRATIV

    total $74,436 · management and general $74,436

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $248,762 · end of year $44,760

  • 2 · Savings and temporary cash investments

    beginning of year $102,226 · end of year $2,212,930

  • 3 · Pledges and grants receivable

    beginning of year $305,230 · end of year $176,668

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $53,235

  • 11 · Investments: publicly traded securities

    beginning of year $25,817,255 · end of year $26,439,778

  • 12 · Investments: other securities

    beginning of year $3,329,264 · end of year $3,738,541

  • 15 · Other assets

    beginning of year $23,397 · end of year $23,693

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,466,130 · end of year $91,362

  • 27 · Net assets without donor restrictions

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

  • 28 · Net assets with donor restrictions

    beginning of year $28,314,531 · end of year $32,552,770

Mission and programs · 2022

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 $643,399 · Grants $643,399

  • FUNDS WERE DISTRIBUTED TO MCLENNAN COMMUNITY COLLEGE TO COVER $34,068 IN FACILITIES EXPENSE AND $68,987 IN VARIOUS COLLEGE PROGRAM EXPENSES.

    Expenses $103,055 · Grants $103,055

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

    Expenses $58,236 · Grants $58,236

As filed on the 2022 return.

Listed in Part VII

  • Betsy Reeder

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Vik Deivanayagam

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mary Perez

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr Johnette McKown

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bridget Heins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dana Hassell

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Len Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rick Brophy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Sandra Goss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deidra Emerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nell Hawkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trammell Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J David Dickson

    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

  • Mosie Holley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Earl Stinnett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hermann Pereira

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elisa Rainey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Sharon Shields

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Debbie Sartain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Glenda Strum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Dianne Sawyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Geneva Watley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shawn Trochim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Patterson

    EXECUTIVE DIRECTOR

    Total calculated
    $125,578
    From this org
    $0
    From related orgs
    $125,578
    Other
    $0
    Hours/week
    40

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

  • MCLENNAN COMMUNITY COLLEGE

    $89,780

    DISTRIBUTED FOR VARIOUS COLLEGE PROGRAM EXPENSES.

  • MCLENNAN COMMUNITY COLLEGE

    $58,236

    PROFESSIONAL DEVELOPMENT EXPENSES FOR CONFERENCES AND CONTINUING EDUCATION FOR FACULTY AND STAFF

  • MCLENNAN COMMUNITY COLLEGE

    $34,068

    DISTRIBUTIONS FOR FACILITIES EXPENSES FOR THE COLLEGE.

Provenance

Return type
form_990
Tax year
2022
Filed
23 January 2024
IRS schema version
2022v5.0
Source object
202420609349300937

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