Form 990 for tax year 2024
Filed by MERIDIAN COMMUNITY COLLEGE FDN.
Totals
- Total revenue
- $3,021,790
- Total expenses
- $2,975,698
- Contributions and grants received
- $2,056,979
- Grants paid
- $2,314,255
- Program service revenue
- $0
- Investment income
- $814,592
- Other revenue
- $150,219
- Total assets, end of year
- $31,981,411
- Total liabilities, end of year
- $298,736
- Net assets or fund balances, end of year
- $31,682,675
- Program services expenses (Part IX)
- $2,314,255
- Management and general expenses
- $657,443
- Fundraising expenses
- $4,000
- Program service expenses (Part III)
- $2,314,255
Program services were 77.8% 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.
-
1f · All other contributions, gifts and grants
$2,056,979
-
1g · Noncash contributions included above
$622,142
-
3 · Investment income
total $584,538
-
7a · Gross sales of assets other than inventory
securities $252,855
-
7b · Less cost or other basis and sales expenses
securities $22,801
-
7c · Gain or loss
securities $230,054
-
7d · Net gain or loss
total $230,054
-
11a · Other revenue: Calculator Fees
total $473
-
11b · Other revenue: Trip Revenue
total $134,457
-
11c · Other revenue: Lifetime Quest Revenue
total $15,289
-
11e · Other revenue, total
$150,219
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,169,696 · program services $2,169,696
-
2 · Grants to domestic individuals
total $144,559 · program services $144,559
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $408,009 · management and general $408,009
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $9,823 · management and general $9,823
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $4,000 · fundraising $4,000
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $16,680 · management and general $16,680
-
13 · Office expenses
total $280 · management and general $280
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $20,285 · management and general $20,285
-
23 · Insurance
total $0
-
24a · Other expenses: Brokerage Fees, Online Giving and Bank Svc
total $1,000 · management and general $1,000
-
24b · Other expenses: Hostessing
total $58,574 · management and general $58,574
-
24c · Other expenses: Office Support
total $104,516 · management and general $104,516
-
24d · Other expenses: Rental Space
total $33,333 · management and general $33,333
-
24e · All other expenses
total $4,943 · management and general $4,943
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $370,506 · end of year $315,198
-
3 · Pledges and grants receivable
beginning of year $2,245,878 · end of year $2,011,993
-
4 · Accounts receivable
beginning of year $763 · end of year $134
-
9 · Prepaid expenses and deferred charges
beginning of year $103,185 · end of year $101,340
-
10a · Land, buildings and equipment: cost or other basis
$864,905
-
10b · Land, buildings and equipment: accumulated depreciation
$300,484
-
10c · Land, buildings and equipment, net
beginning of year $584,706 · end of year $564,421
-
11 · Investments: publicly traded securities
beginning of year $25,492,961 · end of year $28,824,877
-
13 · Investments: program-related
beginning of year $163,448 · end of year $163,448
-
17 · Accounts payable and accrued expenses
beginning of year $35,858 · end of year $182,896
-
19 · Deferred revenue
beginning of year $71,371 · end of year $115,840
-
27 · Net assets without donor restrictions
beginning of year $1,825,203 · end of year $2,680,617
-
28 · Net assets with donor restrictions
beginning of year $27,029,015 · end of year $29,002,058
Mission and programs · 2024
Mission
To provide educational assistance to students through scholarships and enhancing performance of faculty and staff by providing grants for post-graduate study and career improvements and attracting private donations and grants for the college.
Activities or mission (Part I)
To provide educational assistance to students through scholarships and enhancing performance of faculty and staff by providing grants for post-graduate study and career improvements. Additional detail on Sch O.
-
Scholarships and awards - awarded on the basis of academic performance, financial need and career goals, to traditional and non-traditional students enrolled in the university transfer program, 2 year associate degree programs or technical programs that prepare the students to enter the workforce upon completion of their classes.
Expenses $662,974
-
Faculty/Staff programs and grants - awarded for educational travel, post-graduate study and career improvements. These are awarded to Faculty/Staff of Meridian Community College.
Expenses $75,437
-
Early Childhood Program - transfer of grant funds specifically for this program to the college
Expenses $82,220
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Russell Thompson
President
- Total calculated
- $0
- Hours/week
- 1
-
Hampton Thames
Vice Pres
- Total calculated
- $0
- Hours/week
- 1
-
Pam Harrison
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Leia Hill
Secretary
- Total calculated
- $0
- Hours/week
- 16 + 24 related
-
B B Archer
Director
- Total calculated
- $0
- Hours/week
- 1
-
R Jeffrey Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ray Denton
Director
- Total calculated
- $0
- Hours/week
- 1
-
Doug Deweese
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tommy Dulaney
Director
- Total calculated
- $0
- Hours/week
- 1
-
Hardy P Graham Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tim Hogan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bob Huff
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark McPhail
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tommy McDonald
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gerry Purvis
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tony Pompelia
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rev Dr Tom Sikes
Director
- Total calculated
- $0
- Hours/week
- 1
-
Donnie Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
M L Waters
Director
- Total calculated
- $0
- Hours/week
- 1
-
Alex Weddington
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robert Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
John G Anderson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Vel Young Graham
Director
- Total calculated
- $0
- Hours/week
- 1
-
Steven Cooksey
Director
- Total calculated
- $0
- Hours/week
- 1
-
Greg Slay
Director
- Total calculated
- $0
- Hours/week
- 1
-
Henry Thomas
Director
- Total calculated
- $0
- Hours/week
- 1
-
Donnie Massey
Director
- Total calculated
- $0
- Hours/week
- 1
-
Barbara Jones
Director
- Total calculated
- $0
- Hours/week
- 1
-
Larkin Kennedy
Director
- Total calculated
- $0
- Hours/week
- 1
-
C D Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chris Phillips
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tyler Walton
Director
- Total calculated
- $0
- Hours/week
- 1
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
-
Meridian Community College
$615,394
Scholarships
-
Meridian Community College
$420,050
Capital Support
-
Meridian Community College
$282,028
Quave Navigators
-
Meridian Community College
$247,565
Various Sports
-
Meridian Community College
$82,220
Early Childhood Program
-
Meridian Community College
$36,871
White Family Foundation Support
-
Meridian Community College
$25,698
Faculty/Staff Programs
-
Meridian Community College
$19,453
Other Program Expenses
-
Meridian Community College
$15,269
Bowers Foundation Grants
-
Meridian Community College
$10,000
Arts Letters Series
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
Meridian Community College
170b1Avi · Community College · MS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503389349301350
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.