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Nonprofiteer
← THE MISSISSIPPI GULF COAST COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by THE MISSISSIPPI GULF COAST COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$2,959,774
Total expenses
$1,398,024
Contributions and grants received
$1,847,712
Grants paid
$634,948
Program service revenue
$0
Investment income
$866,252
Other revenue
$245,810
Total assets, end of year
$21,998,984
Total liabilities, end of year
$559,370
Net assets or fund balances, end of year
$21,439,614
Program services expenses (Part IX)
$1,198,928
Management and general expenses
$199,096
Fundraising expenses
$0
Program service expenses (Part III)
$1,198,928

Program services were 85.8% 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.

  • 1b · Membership dues

    $2,199

  • 1c · Fundraising events

    $2,800

  • 1f · All other contributions, gifts and grants

    $1,842,713

  • 1g · Noncash contributions included above

    $43,077

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $504,846 · excluded $504,846

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $12,272,221

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

    securities $11,910,815

  • 7c · Gain or loss

    securities $361,406 · other assets $0

  • 7d · Net gain or loss

    total $361,406 · excluded $361,406

  • 8a · Fundraising events: gross income

    $276,582

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

    $2,800

  • 8b · Fundraising events: direct expenses

    $48,248

  • 8c · Net income from fundraising events

    total $228,334 · excluded $228,334

  • 11a · Other revenue: Miscellaneous Revenue

    total $17,476 · excluded $17,476

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $17,476

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $634,948 · program services $634,948

  • 11c · Fees: accounting

    total $57,528 · management and general $57,528

  • 11f · Fees: investment management

    total $82,246 · management and general $82,246

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $80,569 · program services $77,139 · management and general $3,430

  • 14 · Information technology

    total $35,185 · management and general $35,185

  • 17 · Travel

    total $2,669 · program services $400 · management and general $2,269

  • 22 · Depreciation, depletion and amortization

    total $8,604 · management and general $8,604

  • 23 · Insurance

    total $7,102 · management and general $7,102

  • 24a · Other expenses: Program Support

    total $443,342 · program services $443,342

  • 24b · Other expenses: Program Gifts

    total $25,017 · program services $25,017

  • 24c · Other expenses: Meals

    total $18,082 · program services $18,082

  • 24d · Other expenses: Investment Tax

    total $2,545 · management and general $2,545

  • 24e · All other expenses

    total $187 · program services $0 · management and general $187 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,694,861 · end of year $4,098,720

  • 3 · Pledges and grants receivable

    beginning of year $59,454 · end of year $44,068

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $440,540

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

    $144,471

  • 10c · Land, buildings and equipment, net

    beginning of year $304,673 · end of year $296,069

  • 11 · Investments: publicly traded securities

    beginning of year $15,159,535 · end of year $17,297,951

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $262,176 · end of year $262,176

  • 17 · Accounts payable and accrued expenses

    beginning of year $708,638 · end of year $559,370

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $334,516 · end of year $5,761,613

  • 28 · Net assets with donor restrictions

    beginning of year $18,437,545 · end of year $15,678,001

Mission and programs · 2023

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • Awarding of scholarships to approved students and assisting Mississippi Gulf Coast Community College.

    Expenses $1,198,928 · Grants $634,948

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Angie Juzang

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • David Allen

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Sam LaRosa

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Clayton Legear

    Director

    Total calculated
    $0
    Hours/week
    2

  • Delorise Nettles

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jennifer King

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jim Patton

    Director

    Total calculated
    $0
    Hours/week
    2

  • Joseph C Canizaro

    Director

    Total calculated
    $0
    Hours/week
    2

  • Josh Wells

    Director

    Total calculated
    $0
    Hours/week
    2

  • Karla Smith

    Director

    Total calculated
    $0
    Hours/week
    2

  • Liz Corso Joachim

    Director

    Total calculated
    $0
    Hours/week
    2

  • Millie Page

    Director

    Total calculated
    $0
    Hours/week
    2

  • Nell Murray

    Director

    Total calculated
    $0
    Hours/week
    2

  • Nicki Steele-Clark

    Director

    Total calculated
    $0
    Hours/week
    2

  • Rick Randall

    Director

    Total calculated
    $0
    Hours/week
    2

  • Sean Courtney

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mary S Graham

    MGCCC President, Executive Secretary ex officio

    Total calculated
    $338,391
    From this org
    $0
    From related orgs
    $326,361
    Other
    $12,030
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $325,361 related
    Bonus
    $0 + $1,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,030 related
    Filer's total
    $0 + $338,391 related

  • Suzana G Brown

    Vice President, Institutional Advancement

    Total calculated
    $146,219
    From this org
    $0
    From related orgs
    $146,219
    Other
    $0
    Hours/week
    2 + 40 related

  • J Ladd Taylor

    Vice President of Perkinston Campus & George County Center

    Total calculated
    $146,144
    From this org
    $0
    From related orgs
    $146,144
    Other
    $0
    Hours/week
    2 + 40 related

  • Jonathan Woodward

    Vice President of Teaching and Learning and Community Campus

    Total calculated
    $156,705
    From this org
    $0
    From related orgs
    $156,705
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,705 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $156,705 related

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

  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

No itemized grants to organizations 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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501339349309515

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