Form 990 for tax year 2023
Filed by MOHAWK VALLEY COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $2,311,594
- Total expenses
- $1,586,185
- Contributions and grants received
- $1,179,461
- Grants paid
- $571,161
- Program service revenue
- $0
- Investment income
- $1,096,060
- Other revenue
- $36,073
- Total assets, end of year
- $11,076,672
- Total liabilities, end of year
- $599,826
- Net assets or fund balances, end of year
- $10,476,846
- Program services expenses (Part IX)
- $1,285,007
- Management and general expenses
- $301,178
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,285,007
Program services were 81.0% 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.
-
1e · Government grants (contributions)
$283,932
-
1f · All other contributions, gifts and grants
$895,529
-
1g · Noncash contributions included above
$1,933
-
3 · Investment income
total $251,187 · related or exempt $251,187
-
7a · Gross sales of assets other than inventory
securities $4,328,109
-
7b · Less cost or other basis and sales expenses
securities $3,483,236
-
7c · Gain or loss
securities $844,873
-
7d · Net gain or loss
total $844,873 · related or exempt $844,873
-
8a · Fundraising events: gross income
$42,550
-
8b · Fundraising events: direct expenses
$20,337
-
8c · Net income from fundraising events
total $22,213 · excluded $22,213
-
11a · Other revenue: TEA LEAF ENTITIES
total $13,860 · unrelated business $13,860
-
11e · Other revenue, total
$13,860
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $116,426 · program services $116,426
-
2 · Grants to domestic individuals
total $454,735 · program services $454,735
-
11b · Fees: legal
total $7,373 · management and general $7,373
-
11f · Fees: investment management
total $44,576 · management and general $44,576
-
13 · Office expenses
total $23,193 · management and general $23,193
-
16 · Occupancy
total $57,725 · program services $57,725
-
19 · Conferences, conventions and meetings
total $36,443 · program services $36,163 · management and general $280
-
21 · Payments to affiliates
total $12,169 · program services $12,169
-
22 · Depreciation, depletion and amortization
total $90,390 · management and general $90,390
-
24a · Other expenses: GRANT SPONSORED INITIAT
total $402,212 · program services $402,212
-
24b · Other expenses: MISC.
total $181,479 · program services $97,520 · management and general $83,959
-
24c · Other expenses: COLLEGE PROMOTION AND D
total $108,057 · program services $108,057
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $47,565 · management and general $47,565
-
24e · All other expenses
total $3,842 · management and general $3,842
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $366,699 · end of year $432,974
-
3 · Pledges and grants receivable
beginning of year $120,099 · end of year $143,458
-
9 · Prepaid expenses and deferred charges
beginning of year $6,409 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,020,460
-
10b · Land, buildings and equipment: accumulated depreciation
$575,591
-
10c · Land, buildings and equipment, net
beginning of year $830,198 · end of year $444,869
-
11 · Investments: publicly traded securities
beginning of year $8,498,209 · end of year $9,963,865
-
15 · Other assets
beginning of year $0 · end of year $91,506
-
17 · Accounts payable and accrued expenses
beginning of year $126,168 · end of year $184,352
-
19 · Deferred revenue
beginning of year $49,186 · end of year $323,968
-
25 · Other liabilities
beginning of year $308,996 · end of year $91,506
-
27 · Net assets without donor restrictions
beginning of year $1,384,395 · end of year $1,191,964
-
28 · Net assets with donor restrictions
beginning of year $7,952,869 · end of year $9,284,882
Mission and programs · 2023
Mission
THE MOHAWK VALLEY COMMUNITY COLLEGE FOUNDATION WAS ESTABLISHED IN 1966 TO SECURE PRIVATE SECTOR SUPPORT TO SUPPLEMENT AND ENHANCE PUBLIC FUNDING AT MOHAWK VALLEY COMMUNITY COLLEGE. THE FOUNDATION IS A 501(C)(3), NONPROFIT CORPORATION THAT SOLICITS, ACCEPTS, MANAGES, INVESTS AND DISTRIBUTES CONTRIBUTIONS AND COMMUNICATES WITH DONORS AND PROSPECTS REGULARLY. IT SERVES AS A REPOSITORY FOR ALL PRIVATE, NON-GOVERNMENTAL GIFTS AND SUPPORT RECEIVED ON BEHALF OF THE COLLEGE.
-
THE FOUNDATION PROVIDES FUNDING FOR STUDENTS OF MOHAWK VALLEY COMMUNITY COLLEGE THROUGH VARIOUS SCHOLARSHIPS. IN ADDITION, THE FOUNDATION CONTRIBUTES TO VARIOUS INITIATIVES FOR THE PURPOSE OF PROMOTING MOHAWK VALLEY COMMUNITY COLLEGE AND THE ENRICHMENT OF ITS STUDENT BODY.
Expenses $1,285,007 · Grants $571,161 · Revenue $1,096,060
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rick ShortRICK SHORT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stephen CoupeSTEPHEN COUPE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Joanne Donaruma-WadeJOANNE DONARUMA-WADE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Sheila K GilroySHEILA K GILROY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Elaine M FalvoELAINE M FALVO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stephen ZogbySTEPHEN ZOGBY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Darlene Mack-BrownDARLENE MACK-BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert AngelicolaROBERT ANGELICOLA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rosemary TalaricoROSEMARY TALARICO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Randall VanwagonerRANDALL VANWAGONER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas SquiresTHOMAS SQUIRES
EX OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Charles GreenCHARLES GREEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dana E JerrardDANA E JERRARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Doug BartellDOUG BARTELL
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Deanna L Ferro-AurienceDEANNA L FERRO-AURIENCE
DIRECTOR
- Total calculated
- $118,424
- From this org
- $0
- From related orgs
- $105,170
- Other
- $13,254
- Hours/week
- 35
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
-
MOHAWK VALLEY COMMUNITY COLLEGE
$114,493
EDUCATION
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.
-
MOHAWK VALLEY COMMUNITY COLLEGE
501(C)(3) · 2 YEAR COMMUNITY COLLEGE PROVIDING EDUCATIONAL SERVICES TO COMMUNITY MEMBERS · NY
-
501(C)(3) · PROVIDES SERVICES TO THE FACULTY AND STUDENTS OF MVCC · NY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540359349301344
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