Form 990 for tax year 2022

Filed by MODESTO JUNIOR COLLEGE FOUNDATION.

Totals

Total revenue: $2,585,082
Total expenses: $1,314,029
Contributions and grants received: $2,131,503
Grants paid: $735,503
Program service revenue: $0
Investment income: $371,735
Other revenue: $81,844
Total assets, end of year: $16,952,747
Total liabilities, end of year: $89,027
Net assets or fund balances, end of year: $16,863,720
Program services expenses (Part IX): $877,503
Management and general expenses: $400,883
Fundraising expenses: $35,643
Program service expenses (Part III): $877,503

Program services were 66.8% 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

$77,839
1f · All other contributions, gifts and grants

$2,053,664
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $371,735 · excluded $371,735
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: gross income

$14,558
8a · Fundraising events: contributions included on line 1c

$77,839
8b · Fundraising events: direct expenses

$45,328
8c · Net income from fundraising events

total -$30,770 · excluded -$30,770
11a · Other revenue: other revenue

total $112,614 · related or exempt $112,614
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$112,614

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $258,030 · program services $258,030
2 · Grants to domestic individuals

total $477,473 · program services $477,473
11f · Fees: investment management

total $78,608 · program services $78,608
11g · Fees: other

total $47,885 · program services $0 · management and general $47,885 · fundraising $0
12 · Advertising and promotion

total $57,383 · management and general $57,383
13 · Office expenses

total $68,984 · program services $60,240 · management and general $8,744
17 · Travel

total $40,402 · management and general $40,402
23 · Insurance

total $5,882 · management and general $5,882
24a · Other expenses: REIMBURSEMENT SALARIES & BENEFITS - YCCD

total $207,016 · management and general $207,016
24b · Other expenses: Dues/Subscriptions/Memberships

total $22,406 · management and general $22,406
24c · Other expenses: General Fundraising Expenses

total $35,643 · fundraising $35,643
24e · All other expenses

total $14,317 · program services $3,152 · management and general $11,165 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $724,053 · end of year $1,733,929
2 · Savings and temporary cash investments

beginning of year $494,993 · end of year $618,362
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 $98,255 · end of year $83,293
9 · Prepaid expenses and deferred charges

beginning of year $10,172 · end of year $7,196
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 $13,547,307 · end of year $14,509,967
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $67,682 · end of year $61,262
19 · Deferred revenue

end of year $700
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $31,005 · end of year $27,065
27 · Net assets without donor restrictions

beginning of year $516,082 · end of year $632,573
28 · Net assets with donor restrictions

beginning of year $14,260,011 · end of year $16,231,147

Mission and programs · 2022

Mission

The MJC Foundation inspires community engagement and financial support to enhance the student experience, and strengthen the quality of education at Modesto Junior College

Activities or mission (Part I)

The MJC Foundation increases community engagement and financial support to enhance the student experience, and strengthen the quality of education at Modesto Junior College

The purpose of the MJC Foundation is to provide resources in support of the college's educational and student programs. The Foundation engages in a variety of events (such as the annual Summer Sonata Gala), direct mail correspondence with alumni and friends, and major gift fundraising, planned gift fundraising, and alumni relations. The Foundation generates support for student scholarships, emergency student grants, instructional equipment, curricular and facility improvements across the MJC campus.

Expenses $877,503 · Grants $735,503 · Revenue $112,614

As filed on the 2022 return.

Listed in Part VII

Aluriel Ceballos

Treasurer

Total calculated

$0

Hours/week

1
John Scheuber

President

Total calculated

$0

Hours/week

3
Linda Hischier

Vice President

Total calculated

$0

Hours/week

2
Ron Alves

Secretary

Total calculated

$0

Hours/week

1
Alan Cassidy

General Board Member

Total calculated

$0

Hours/week

1
Eileen Faria

General Board Member

Total calculated

$0

Hours/week

1
Jerry Cooper

General Board Member

Total calculated

$0

Hours/week

1
Jodi Karambela

General Board Member

Total calculated

$0

Hours/week

1
Jon Zagaris

General Board Member

Total calculated

$0

Hours/week

1
Leslie Beggs

YCCD Board Chair

Total calculated

$0

Hours/week

1
Maricela Cruz

General Board Member

Total calculated

$0

Hours/week

1
Phil Schmidt

General Board Member

Total calculated

$0

Hours/week

1
Steve Collins

General Board Member

Total calculated

$0

Hours/week

2
Emily J Lawrence

EXECUTIVE DIRECTOR OF FOUNDATION(Started 08/01/2022)

Total calculated

$76,346

From this org

$59,236

From related orgs

$0

Other

$17,110

Hours/week

40

Schedule J breakdown matched by us

Base

$59,236

Bonus

$0

Other

$0

Deferred

$10,034

Nontaxable benefits

$7,076

Filer's total

$76,346
George BoodrookasGEORGE BOODROOKAS

EXECUTIVE DIRECTOR OF FOUNDATION(Retired 06/30/2022)

Total calculated

$157,078

From this org

$123,182

From related orgs

$0

Other

$33,896

Hours/week

40

Schedule J breakdown matched by us

Base

$123,182

Bonus

$0

Other

$0

Deferred

$19,644

Nontaxable benefits

$14,252

Filer's total

$157,078

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

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
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

The filer's explanations (Part III)

Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL: NAME - EMILY J LAWRENCE, COMPENSATION FROM UNRELATED ORGANIZATION - 76346.000000, NAME OF UNRELATED ORGANIZATION - YOSEMITE COMMUNITY COLLEGE DISTRICT, TYPE OF COMPENSATION - SALARY AND BENEFITS
Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL: NAME - GEORGE BOODROOKAS, COMPENSATION FROM UNRELATED ORGANIZATION - 157078.000000, NAME OF UNRELATED ORGANIZATION - YOSEMITE COMMUNITY COLLEGE DISTRICT, TYPE OF COMPENSATION - SALARY AND BENEFITS

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

YOSEMITE COMMUNITY COLLEGE DISTRICT

$237,171

GENERAL SUPPORT

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 April 2024
IRS schema version: 2022v5.0
Source object: 202441069349300244

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