Form 990 for tax year 2024
Filed by MERCER COUNTY COMMUNITY COLLEGE FOUNDATION.
Totals
- Total revenue
- $4,265,869
- Total expenses
- $1,456,992
- Contributions and grants received
- $827,676
- Grants paid
- $1,161,360
- Program service revenue
- $0
- Investment income
- $3,469,440
- Other revenue
- -$31,247
- Total assets, end of year
- $17,553,364
- Total liabilities, end of year
- $685,779
- Net assets or fund balances, end of year
- $16,867,585
- Program services expenses (Part IX)
- $1,161,360
- Management and general expenses
- $235,480
- Fundraising expenses
- $60,152
- Program service expenses (Part III)
- $1,161,360
Program services were 79.7% 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
$182,274
-
1f · All other contributions, gifts and grants
$645,402
-
3 · Investment income
total $454,115 · excluded $454,115
-
7a · Gross sales of assets other than inventory
securities $13,930,957
-
7b · Less cost or other basis and sales expenses
securities $10,915,632
-
7c · Gain or loss
securities $3,015,325
-
7d · Net gain or loss
total $3,015,325 · excluded $3,015,325
-
8a · Fundraising events: gross income
$28,887
-
8a · Fundraising events: contributions included on line 1c
$182,274
-
8b · Fundraising events: direct expenses
$60,134
-
8c · Net income from fundraising events
total -$31,247 · excluded -$31,247
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,161,360 · program services $1,161,360
-
11c · Fees: accounting
total $0
-
11f · Fees: investment management
total $69,841 · management and general $69,841
-
11g · Fees: other
total $110,318 · management and general $110,318
-
13 · Office expenses
total $55,321 · management and general $55,321
-
24a · Other expenses: REIMBURSEMENT OF EXPENS
total $60,152 · fundraising $60,152
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $592,961 · end of year $143,103
-
2 · Savings and temporary cash investments
beginning of year $539,032 · end of year $392,659
-
3 · Pledges and grants receivable
end of year $50,000
-
11 · Investments: publicly traded securities
beginning of year $15,099,560 · end of year $16,967,602
-
17 · Accounts payable and accrued expenses
beginning of year $10,647 · end of year $240
-
25 · Other liabilities
beginning of year $484,298 · end of year $685,539
-
27 · Net assets without donor restrictions
beginning of year $3,635,840 · end of year $3,678,653
-
28 · Net assets with donor restrictions
beginning of year $12,100,768 · end of year $13,188,932
Mission and programs · 2024
Mission
ESTABLISH AND CARRYOUT ENRICHMENT ACTIVITIES THAT SUPPORT THE MISSION OF MERCER COUNTY COMMUNITY COLLEGE AND THE COMMUNITY IT SERVES.
-
THE FOUNDATION PROVIDES SUPPORT FOR MERCER COUNTY COMMUNITY COLLEGE'S VARIOUS PROGRAMS (SCHOLARSHIPS, COLLEGE SPORTS, EDUCATIONAL) FOR ITS STUDENTS, FACULTY AND SURROUNDING COMMUNITY INCLUDING WWFM, THE CLASSICAL NETWORK AND KELSEY THEATRE AND THE VARIOUS SUPPORTING COSTS ASSOCIATED WITH THE PROGRAMS.
Expenses $1,161,360 · Grants $1,161,360
As filed on the 2024 return.
Listed in Part VII
-
Lori DankoLORI DANKO
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas OnderTHOMAS ONDER
1ST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Savita LachmanDR SAVITA LACHMAN
2ND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Daniela PhaymeDANIELA PHAYME
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kalyan AnumulaKALYAN ANUMULA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Imara CharlesDR IMARA CHARLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hendricks DavisHENDRICKS DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Randy HanksRANDY HANKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob HumesBOB HUMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan KlimDAN KLIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathy KlockenbrinkKATHY KLOCKENBRINK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda MartinLINDA MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Diego MayaDIEGO MAYA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deb MillarDEB MILLAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael ProcacciniMICHAEL PROCACCINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ty RobinsonTY ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Allen M SilkALLEN M SILK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paula W TaylorPAULA W TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melissa TenzerMELISSA TENZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Deborah PrestonDR DEBORAH PRESTON
MCCC PRESIDENT
- Total calculated
- $388,395
- From this org
- $0
- From related orgs
- $252,722
- Other
- $135,673
- Hours/week
- 20 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $226,722 related
- Bonus
- $0
- Other
- $0 + $26,000 related
- Deferred
- $0 + $87,586 related
- Nontaxable benefits
- $0 + $48,087 related
- Filer's total
- $0 + $388,395 related
-
Joseph T ClaffeyJOSEPH T CLAFFEY
EXECUTIVE DIRECTOR AND SEC
- Total calculated
- $184,184
- From this org
- $0
- From related orgs
- $141,492
- Other
- $42,692
- Hours/week
- 15 + 25 related
Schedule J breakdown matched by us
- Base
- $0 + $141,492 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $11,883 related
- Nontaxable benefits
- $0 + $30,809 related
- Filer's total
- $0 + $184,184 related
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)
- PART 1 LINE 3
- PRESIDENT HAS A WRITTEN EMPLOYMENT CONTRACT, WHICH INCLUDES BOTH COMPENSATION AND BENEFITS, THAT IS APPROVED BY THE COLLEGE BOARD OF TRUSTEES.
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
-
MERCER COUNTY COMMUNITY COLLEGE
$1,161,360
SCHOLARSHIPS
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.
-
MERCER COUNTY COMMUNITY COLLEGE
GOVERNMENT · COLLEGE · NJ
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533469349301203
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