Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $687,465

• 1f · All other contributions, gifts and grants

  $663,604

• 3 · Investment income

  total $1,227,292 · excluded $1,227,292

• 7a · Gross sales of assets other than inventory

  securities $169,723

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

  securities $0

• 7c · Gain or loss

  securities $169,723

• 7d · Net gain or loss

  total $169,723 · excluded $169,723

• 11a · Other revenue: OTHER

  total $2,300 · related or exempt $2,300

• 11e · Other revenue, total

  $2,300

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,475,944 · program services $1,475,944

• 7 · Other salaries and wages

  total $301,562 · program services $93,415 · management and general $187,129 · fundraising $21,018

• 11b · Fees: legal

  total $1,290 · management and general $1,290

• 11c · Fees: accounting

  total $56,210 · management and general $56,210

• 11f · Fees: investment management

  total $170,115 · management and general $170,115

• 12 · Advertising and promotion

  total $5,963 · management and general $5,963

• 17 · Travel

  total $15,571 · program services $80 · management and general $14,589 · fundraising $902

• 23 · Insurance

  total $10,925 · management and general $10,000 · fundraising $925

• 24a · Other expenses: LICENSES, TAXES, AND FE

  total $40,488 · program services $0 · management and general $33,691 · fundraising $6,797

• 24b · Other expenses: OTHER ALLOCATION

  total $35,927 · management and general $32,927 · fundraising $3,000

• 24c · Other expenses: RECEPTIONS AND ENTERTAI

  total $24,360 · program services $3,118 · management and general $4,179 · fundraising $17,063

• 24d · Other expenses: SUPPLIES

  total $16,503 · program services $4,628 · management and general $1,602 · fundraising $10,273

• 24e · All other expenses

  total $36,854 · program services $13,559 · management and general $23,153 · fundraising $142

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $250 · end of year $250

• 2 · Savings and temporary cash investments

  beginning of year $311,061 · end of year $183,658

• 3 · Pledges and grants receivable

  beginning of year $600,145 · end of year $204,315

• 4 · Accounts receivable

  beginning of year $8,279 · end of year $29,135

• 9 · Prepaid expenses and deferred charges

  beginning of year $15,399 · end of year $34,934

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

  $35,500

• 10c · Land, buildings and equipment, net

  beginning of year $35,500 · end of year $35,500

• 12 · Investments: other securities

  beginning of year $39,409,188 · end of year $45,156,577

• 17 · Accounts payable and accrued expenses

  beginning of year $381,887 · end of year $57,052

• 19 · Deferred revenue

  beginning of year $599,381 · end of year $679,601

• 27 · Net assets without donor restrictions

  beginning of year $8,373,845 · end of year $9,867,910

• 28 · Net assets with donor restrictions

  beginning of year $31,024,709 · end of year $35,039,806

The filer's explanations (Part III)

PART I, LINE 3

THE MOUNTAIN EMPIRE COMMUNTY COLLEGE FOUNDATION (MECCF) DOES NOT USE ANY METHOD OF ESTABLISHING COMPENSATION FOR DR. WESTOVER DUE TO HER CONTRACT AND PAY BEING PAID/SERVICED BY MOUNTAIN EMPIRE COMMUNITY COLLEGE (MECC) AND NOT MECCF. THE CONTRACTUAL AGREEMENT THAT IS HELD BETWEEN MECC AND MECCF DOES NOT INCORPORATE HER COMPENSATION.

PART I, LINE 5

N/A

PART I, LINE 6

N/A

PART I, LINE 7

N/A

PART I, LINE 8

N/A