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Nonprofiteer
← CENTURY COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by CENTURY COLLEGE FOUNDATION.

Totals

Total revenue
$1,266,898
Total expenses
$2,014,256
Contributions and grants received
$1,154,758
Grants paid
$1,819,938
Program service revenue
$0
Investment income
$112,140
Other revenue
$0
Total assets, end of year
$6,171,976
Total liabilities, end of year
$22,536
Net assets or fund balances, end of year
$6,149,440
Program services expenses (Part IX)
$1,840,048
Management and general expenses
$91,956
Fundraising expenses
$82,252
Program service expenses (Part III)
$1,840,048

Program services were 91.4% 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

    $1,154,758

  • 1g · Noncash contributions included above

    $260,299

  • 3 · Investment income

    total $183,591 · excluded $183,591

  • 7a · Gross sales of assets other than inventory

    securities $2,164,159

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

    securities $2,235,610

  • 7c · Gain or loss

    securities -$71,451

  • 7d · Net gain or loss

    total -$71,451 · excluded -$71,451

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,498,337 · program services $1,498,337

  • 2 · Grants to domestic individuals

    total $321,601 · program services $321,601

  • 11c · Fees: accounting

    total $22,031 · management and general $22,031

  • 11f · Fees: investment management

    total $46,147 · management and general $46,147

  • 11g · Fees: other

    total $56,814 · management and general $25 · fundraising $56,789

  • 12 · Advertising and promotion

    total $24,622 · fundraising $24,622

  • 13 · Office expenses

    total $9,324 · management and general $9,324

  • 14 · Information technology

    total $6,968 · management and general $6,968

  • 17 · Travel

    total $1,722 · management and general $1,722

  • 19 · Conferences, conventions and meetings

    total $1,811 · management and general $1,811

  • 23 · Insurance

    total $1,982 · management and general $1,982

  • 24a · Other expenses: OTHER PROGRAM EXPENSE

    total $20,110 · program services $20,110

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,946 · management and general $1,946

  • 24c · Other expenses: OTHER PROGRAM EVENTS

    total $841 · fundraising $841

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $555,180 · end of year $232,690

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $205,218

  • 3 · Pledges and grants receivable

    beginning of year $32,000 · end of year $45,200

  • 4 · Accounts receivable

    beginning of year $2,388 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $475 · end of year $2,316

  • 11 · Investments: publicly traded securities

    beginning of year $5,925,836 · end of year $5,672,216

  • 15 · Other assets

    beginning of year $370 · end of year $14,336

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,356 · end of year $22,536

  • 27 · Net assets without donor restrictions

    beginning of year $176,215 · end of year $1,053,098

  • 28 · Net assets with donor restrictions

    beginning of year $6,323,678 · end of year $5,096,342

Mission and programs · 2022

Mission

TO HELP TRANSFORM AND ENHANCE THE LIVES OF OUR DIVERSE STUDENT POPULATION BY PROVIDING EDUCATIONAL OPPORTUNITIES, FINANCIAL SUPPORT, AND ADVOCACY ONE STUDENT AT A TIME.

  • SCHOLARSHIPS - THE FOUNDATION PROVIDES STUDENT SCHOLARSHIPS AND TUITION GRANTS AS WELL AS FACILITATES FUND REQUESTS FOR SPECIFIC PROGRAMS.

    Expenses $1,435,789 · Grants $1,415,679

  • SUPPORT TO CENTURY COLLEGE - THE CENTURY COLLEGE FOUNDATION CONTRIBUTES DIRECTLY TO CENTURY COLLEGE ANY GIFTS, DEVICES, BEQUESTS AND TRANSFERS MADE TO THE FOUNDATION FOR THE BENEFIT OF CENTURY COLLEGE. SUPPORT CAN BE IN THE FORM OF RESTRICTED AND UNRESTRICTED GIFTS DIRECTLY TO CENTURY COLLEGE IN RESPONSE TO REQUESTS FOR FUNDS FROM FACULTY MEMBERS AND ADMINISTRATORS TO SUPPORT CAPITAL EXPENDITURES, PROGRAM DEVELOPMENT AND UPDATED TECHNOLOGY OR EQUIPMENT.

    Expenses $404,259 · Grants $404,259

As filed on the 2022 return.

Listed in Part VII

  • Melissa Martyr Wagner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Steve Schad

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Russell Fleming

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Liz Moscatelli

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Danielle Gathje

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Berg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Wortman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Greg Mueller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Hannah Barton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jessica Walton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John Channon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Julie Barton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kevin Donovan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kim Bowman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lisa Klopp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sammi Swanson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sarah Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tammey Busch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Nora Slawik

    EXECUTIVE DIRECTOR

    Total calculated
    $122,640
    From this org
    $0
    From related orgs
    $122,640
    Other
    $0
    Hours/week
    40

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

  • CENTURY COLLEGE

    $1,254,183

    TO SUPPORT THE EDUCATIONAL PURPOSES, PROGRAMS, AND ACTIVITIES THAT BENEFIT CENTURY COLLEGE.

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.

  • CENTURY COLLEGE

    501(C)(3) · UNIT OF GOVERNMENT STATE OF MINNESOTA · MN

Provenance

Return type
form_990
Tax year
2022
Filed
30 November 2023
IRS schema version
2022v5.0
Source object
202303349349300830

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