Form 990 for tax year 2022
Filed by METROPOLITAN COMMUNITY COLLEGE FOUNDATION.
Totals
- Total revenue
- $5,209,742
- Total expenses
- $7,349,735
- Contributions and grants received
- $3,726,784
- Grants paid
- $7,277,702
- Program service revenue
- $0
- Investment income
- $1,482,958
- Other revenue
- $0
- Total assets, end of year
- $16,032,345
- Total liabilities, end of year
- $1,743,918
- Net assets or fund balances, end of year
- $14,288,427
- Program services expenses (Part IX)
- $7,277,702
- Management and general expenses
- $72,033
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,277,702
Program services were 99.0% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$3,726,784
-
1g · Noncash contributions included above
$694,001
-
3 · Investment income
total $1,482,958 · related or exempt $1,482,958 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,277,702 · program services $7,277,702
-
24a · Other expenses: Bad Debt Expenses
total $12,167 · program services $0 · management and general $12,167 · fundraising $0
-
24b · Other expenses: Other Expenses
total $59,866 · program services $0 · management and general $59,866 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $6,678,711 · end of year $7,289,548
-
3 · Pledges and grants receivable
beginning of year $5,932,118 · end of year $2,253,945
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $5,642,305 · end of year $6,406,382
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $73,753 · end of year $82,470
-
17 · Accounts payable and accrued expenses
beginning of year $1,204,683 · end of year $1,564,809
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $68,728 · end of year $179,109
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $618,571 · end of year $915,758
-
28 · Net assets with donor restrictions
beginning of year $16,434,905 · end of year $13,372,669
Mission and programs · 2022
Mission
The MCC Foundation was established to advance the mission of the College by creating community awareness, building and nurturing meaningful relationships and connecting community partners with giving opportunities that fulfill their philanthropic objectives. The Foundation supports and assists the College in serving students and communities throughout its four-county service area by providing accessible, quality educational programs and services.
Activities or mission (Part I)
MCCF supports MCC's mission through community awareness and providing giving opportunities that support faculty and programs, while offering student scholarships and emergency aid to promote successful completion of their education.
-
Student and college support provided by scholarships and other support for students and equipment, academic programs. Includes other support such as coaching, career navigating, tools, and equipment used for learning. College program support to ensure quality continuous learning opportunities.
Expenses $3,638,701
-
Provide In-kind donations. The MCC Foundation contributes non-cash gifts it receives to Metropolitan Community College for departmental, program and general use. For example, donations of career education equipment offers students workforce-relevant, hands-on educational opportunities to prepare them for high-demand occupations after graduation.
Expenses $694,001
-
Capital construction support for the College.
Expenses $2,945,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Gerry Tomka
President (since January 2023)
- Total calculated
- $0
- Hours/week
- 2
-
Kurt Meisinger
Vice President (since January 2023)
- Total calculated
- $0
- Hours/week
- 1
-
Karen Pesek
Treasurer (since January 2023)
- Total calculated
- $0
- Hours/week
- 1
-
Nick Jensen
Secretary (since January 2022)
- Total calculated
- $0
- Hours/week
- 1
-
Hina Agarwal
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Jennifer Allen
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Andy Alloway
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Josh Bartee
Past President (since January 2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
Jordan Brazil
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ricardo Castro
Director (to December 2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
Sheila Fields
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Marcos Hernandez
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Julie Hockney
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Stephen LeGrand
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Tracy Maden-McMahon
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Anayeli Martinez Real
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Christopher Morrow
Director (to December 2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
Jill Panzer
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Carol Russel
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Michelle Settles
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Joe Strickland
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Sherie Thomas
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Brian Turner
Director (to December 2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
Amy Recker
Executive Director
- Total calculated
- $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
-
METROPOLITAN COMMUNITY COLLEGE FOUNDATION
$7,277,702
College Use
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.
-
Metropolitan Community College
115 · Education · NE
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
Metropolitan Community College
$6,583,701
Disposition · Cash · Jun 30, 2023 · 115
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421219349301047
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