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Nonprofiteer
← TRUCKEE MEADOWS COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by TRUCKEE MEADOWS COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$2,420,034
Total expenses
$3,128,910
Contributions and grants received
$2,280,318
Grants paid
$2,990,512
Program service revenue
$0
Investment income
$139,716
Other revenue
$0
Total assets, end of year
$7,352,264
Total liabilities, end of year
$564,709
Net assets or fund balances, end of year
$6,787,555
Program services expenses (Part IX)
$2,990,512
Management and general expenses
$88,737
Fundraising expenses
$49,661
Program service expenses (Part III)
$2,990,512

Program services were 95.6% 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.

  • 1d · Related organizations

    $133,455

  • 1f · All other contributions, gifts and grants

    $2,146,863

  • 1g · Noncash contributions included above

    $26,905

  • 3 · Investment income

    total $139,716 · excluded $139,716

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,990,512 · program services $2,990,512

  • 11c · Fees: accounting

    total $26,100 · management and general $26,100

  • 11g · Fees: other

    total $13,532 · management and general $13,532

  • 13 · Office expenses

    total $2,177 · management and general $176 · fundraising $2,001

  • 14 · Information technology

    total $29,093 · management and general $29,093

  • 24a · Other expenses: Staffing support

    total $39,673 · management and general $19,836 · fundraising $19,837

  • 24b · Other expenses: Host expenses & sponsorships

    total $17,823 · fundraising $17,823

  • 24c · Other expenses: Bad debt and other expenses

    total $10,000 · fundraising $10,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $133,853 · end of year $23,317

  • 2 · Savings and temporary cash investments

    beginning of year $6,120,533 · end of year $5,174,943

  • 3 · Pledges and grants receivable

    beginning of year $730,604 · end of year $1,081,300

  • 4 · Accounts receivable

    beginning of year $52,589 · end of year $33,000

  • 9 · Prepaid expenses and deferred charges

    end of year $1,500

  • 11 · Investments: publicly traded securities

    beginning of year $630,313 · end of year $960,469

  • 15 · Other assets

    beginning of year $42,851 · end of year $77,735

  • 17 · Accounts payable and accrued expenses

    beginning of year $501,616 · end of year $486,974

  • 25 · Other liabilities

    beginning of year $42,851 · end of year $77,735

  • 29 · Capital stock, trust principal or current funds

    beginning of year $704,521 · end of year $841,116

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,461,755 · end of year $5,946,439

Mission and programs · 2022

Mission

THE FOUNDATION SUPPORTS TMCC BY CULTIVATING RELATIONSHIPS WITH ALUMNI, DONORS, AND BUSINESSES TO GENERATE FINANCIAL SUPPORT FOR COLLEGE PROGRAMS AND STUDENT SCHOLARSHIPS, BUILD SUSTAINING ENDOWMENT FUNDS, AND LEAD CAPITAL EXPANSION TO DEVELOP A THRIVING STATE-OF-THE-ART CAMPUS.

  • THE FOUNDATION PROVIDED SUPPORT TO TMCC FOR SPECIALIZED PROGRAMS AND CAPITAL CAMPAIGNS TO SUPPORT A DIVERSIFIED CURRICULUM AND PROVIDE STUDENTS WITH TECHNICAL CERTIFICATIONS TO IMPROVE ACCESS TO EMPLOYMENT. MAJOR PROGRAM ACCOMPLISHMENTS DURING THE YEAR INCLUDE RENOVATIONS TO THE WILLIAM N. PENNINGTON HEALTH SCIENCE CENTER TO EXPAND PROGRAMS FOR NURSING, RADIOLOGIC TECHNOLOGY, AND PARAMEDIC/EMT SERVICES. THE FOUNDATION ALSO RECEIVED FUNDING TO ENHANCE SERVICES TO THE COLLEGES VETERAN STUDENTS.

    Expenses $1,888,619 · Grants $1,888,619

  • THE FOUNDATION INCREASED THE ENDOWMENT FUNDS THAT PROVIDE ON-GOING SUPPORT FOR SCHOLARSHIPS AND FUNDED SCHOLARSHIPS AWARDED TO 636 STUDENTS FOR THE 2022/2023 ACADEMIC YEAR.

    Expenses $1,101,893 · Grants $1,101,893

As filed on the 2022 return.

Listed in Part VII

  • Gretchen Sawyer

    EXECUTIVE DIRECTOR

    Total calculated
    $203,035
    From this org
    $0
    From related orgs
    $151,972
    Other
    $51,063
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    not reported + $151,972 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $51,063 related
    Filer's total
    not reported + $203,035 related

  • Dan Lofrese

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Alan Olive

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Fred Altmann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ryan Costella

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jeff Frame

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jesse Murray

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Katy Simon Holland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gigi Chisel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mindy Lokshin

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Yanus Nelson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Matt Thornton

    TREASURER

    Total calculated
    $0
    Hours/week
    3

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

None.

Answered no

  • 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

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
2022
Filed
6 May 2024
IRS schema version
2022v5.0
Source object
202411299349300436

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