Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $321,079

• 1f · All other contributions, gifts and grants

  $688,216

• 1g · Noncash contributions included above

  $6,354

• 3 · Investment income

  total $882,756 · excluded $882,756

• 7a · Gross sales of assets other than inventory

  securities $31,971

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

  securities $0

• 7c · Gain or loss

  securities $31,971

• 7d · Net gain or loss

  total $31,971 · excluded $31,971

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $833,489 · program services $833,489

• 7 · Other salaries and wages

  total $459,382 · program services $217,774 · fundraising $241,608

• 11a · Fees: management

  total $148,118 · management and general $148,118

• 11c · Fees: accounting

  total $43,763 · management and general $43,763

• 17 · Travel

  total $4,150 · program services $222 · management and general $3,501 · fundraising $427

• 23 · Insurance

  total $9,886 · management and general $8,305 · fundraising $1,581

• 24a · Other expenses: RECEPTIONS AND ENTERTAI

  total $26,713 · program services $6,238 · management and general $7,220 · fundraising $13,255

• 24b · Other expenses: EQUIPMENT

  total $22,464 · program services $22,464

• 24c · Other expenses: OTHER ALLOCATION

  total $14,105 · management and general $13,189 · fundraising $916

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

  total $10,036 · management and general $2,004 · fundraising $8,032

• 24e · All other expenses

  total $28,707 · program services $4,640 · management and general $17,834 · fundraising $6,233

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 $320,087 · end of year $451,175

• 4 · Accounts receivable

  beginning of year $226,594 · end of year $793,589

• 9 · Prepaid expenses and deferred charges

  beginning of year $11,693 · end of year $12,861

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $0

• 12 · Investments: other securities

  beginning of year $29,697,589 · end of year $34,774,481

• 15 · Other assets

  beginning of year $1,226,233 · end of year $122,087

• 17 · Accounts payable and accrued expenses

  beginning of year $186,100 · end of year $190,978

• 19 · Deferred revenue

  beginning of year $500,000 · end of year $605,414

• 27 · Net assets without donor restrictions

  beginning of year $6,401,217 · end of year $7,527,029

• 28 · Net assets with donor restrictions

  beginning of year $24,395,129 · end of year $27,831,022

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