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Nonprofiteer
← MOUNTWEST FOUNDATION INC

Form 990 for tax year 2023

Filed by MOUNTWEST FOUNDATION INC.

Totals

Total revenue
$194,759
Total expenses
$62,070
Contributions and grants received
$98,243
Grants paid
$46,478
Program service revenue
$0
Investment income
$96,516
Other revenue
$0
Total assets, end of year
$1,048,804
Total liabilities, end of year
$600
Net assets or fund balances, end of year
$1,048,204
Program services expenses (Part IX)
$55,061
Management and general expenses
$7,009
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 88.7% 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.

  • 1f · All other contributions, gifts and grants

    $98,243

  • 3 · Investment income

    total $96,516 · related or exempt $96,516

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $46,478 · program services $46,478

  • 11f · Fees: investment management

    total $6,353 · program services $6,353

  • 13 · Office expenses

    total $5,179 · management and general $5,179

  • 17 · Travel

    total $118 · program services $118

  • 19 · Conferences, conventions and meetings

    total $2,112 · program services $2,112

  • 23 · Insurance

    total $1,830 · management and general $1,830

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $277,120 · end of year $77,444

  • 2 · Savings and temporary cash investments

    beginning of year $638,396 · end of year $971,360

  • 17 · Accounts payable and accrued expenses

    end of year $600

  • 27 · Net assets without donor restrictions

    beginning of year $184,652 · end of year $325,696

  • 28 · Net assets with donor restrictions

    beginning of year $730,864 · end of year $722,508

Mission and programs · 2023

Mission

TO OPERATE AS AN INDEPENDENT NONPROFIT ORGANIZATION TO RECEIVE, ADMINISTER, AND DISBURSE PRIVAE SCHOLARSHIPS TO STUDENTS OF MOUNTWEST COMMUNITY AND TECHNICAL COLLEGE.

Activities or mission (Part I)

TO OPERATE AS AN INDEPENDENT NONPROFIT ORGANIZATION TO RECEIVE ADMINISTER AND DISBURSE PRIVATE SCHOLARSHIPS TO STUDENTS OF MCTC

  • THE FOUNDATION PROVIDES SUPPORT IN THE FORM OF SCHOLARSHIPS AND AWARDS TO STUDENTS OF MOUNTWEST COMMUNITY AND TECHNICAL COLLEGE.

  • THE FOUNDATION PROVIDES SUPPORT TO INDIVIDUAL DEPARTMENTS AND UNITS OF THE COLLEGE TO SUPPLEMENT THEIR PROGRAMS. THE FOUNDATION ALSO PROVIDES ADDITIONAL RESOURCES FOR PROGRAMS, TRAVEL, TRAINING, ADMINISTRATIVE SUPPORT, AND SUPPLIES FOR COLLEGE DEPARTMENTS AND UNITS

As filed on the 2023 return.

Listed in Part VII

  • Joshua D Baker

    CTC PRESIDENT

    Total calculated
    $0
  • Rebecca White

    SECRETARY

    Total calculated
    $0
  • David Earl

    VICE CHAIR

    Total calculated
    $0
  • Isaac Meyers

    TREASURER

    Total calculated
    $0
  • Amy Frasure

    CHAIR

    Total calculated
    $0
  • Vicki Dunn-Marshall

    TRUSTEE

    Total calculated
    $0
  • Adam Reynolds

    TRUSTEE

    Total calculated
    $0
  • Cassie Miller

    TRUSTEE

    Total calculated
    $0
  • Neidra Wyrick

    TRUSTEE

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202511289349302771

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