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Nonprofiteer
← COUNTY COLLEGE OF MORRIS FOUNDATION

Form 990 for tax year 2023

Filed by COUNTY COLLEGE OF MORRIS FOUNDATION.

Totals

Total revenue
$1,445,061
Total expenses
$537,919
Contributions and grants received
$1,035,096
Grants paid
$331,904
Program service revenue
$0
Investment income
$409,965
Other revenue
$0
Total assets, end of year
$13,452,390
Total liabilities, end of year
$4,709
Net assets or fund balances, end of year
$13,447,681
Program services expenses (Part IX)
$402,343
Management and general expenses
$135,576
Fundraising expenses
$0
Program service expenses (Part III)
$402,343

Program services were 74.8% 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.

  • 1c · Fundraising events

    $67,989

  • 1f · All other contributions, gifts and grants

    $967,107

  • 3 · Investment income

    total $409,965 · excluded $409,965

  • 8a · Fundraising events: gross income

    $81,786

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

    $67,989

  • 8b · Fundraising events: direct expenses

    $81,786

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $84,913 · program services $84,913

  • 2 · Grants to domestic individuals

    total $246,991 · program services $246,991

  • 24a · Other expenses: ADMINISTRATIVE SERVICES

    total $135,576 · management and general $135,576

  • 24b · Other expenses: PROGRAM

    total $70,439 · program services $70,439

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $61,712 · end of year $194,634

  • 2 · Savings and temporary cash investments

    beginning of year $2,496,382 · end of year $3,274,736

  • 4 · Accounts receivable

    beginning of year $403,361 · end of year $232,941

  • 11 · Investments: publicly traded securities

    beginning of year $8,550,136 · end of year $9,745,590

  • 15 · Other assets

    beginning of year $0 · end of year $4,489

  • 17 · Accounts payable and accrued expenses

    beginning of year $936 · end of year $4,709

  • 25 · Other liabilities

    beginning of year $11,499 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,186,680 · end of year $2,635,029

  • 28 · Net assets with donor restrictions

    beginning of year $9,312,476 · end of year $10,812,652

Mission and programs · 2023

Mission

THE MISSION OF THE FOUNDATION IS TO RAISE AND MANAGE PHILANTHROPIC GIFTS FOR THE BENEFIT OF THE COLLEGE, ITS STUDENTS AND THE COMMUNITY.

  • MINI GRANTS TO FACULTY AND STUDENTS TO FUND RESEARCH AND EQUIPMENT AT CCM. SCHOLARSHIPS WERE AWARDED BASED UPON MERIT AND NEED.

    Expenses $402,343 · Grants $331,904

As filed on the 2023 return.

Listed in Part VII

  • KATIE OLSEN

    EXECUTIVE DIRECTOR

    Total calculated
    $59,571
    From this org
    $0
    From related orgs
    $55,354
    Other
    $4,217
    Hours/week
    40

  • WILLIAM K MCELROY

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • EILEEN PARAGANO

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • EDWARD F NELSON

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JOHN P BEYEL ESQ

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH G BILOTTI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CAROL FITZPATRICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MJ SULLY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TOM F HAYES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PATRICK SWASZEK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ERIC SEGUIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GIL ZWEIG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • EVERTON SCOTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GREG VOLZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN EULIE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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

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
9 May 2025
IRS schema version
2023v6.0
Source object
202521359349304162

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