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Nonprofiteer
← MERCER COUNTY COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by MERCER COUNTY COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$1,552,103
Total expenses
$1,074,520
Contributions and grants received
$845,343
Grants paid
$828,206
Program service revenue
$0
Investment income
$767,135
Other revenue
-$60,375
Total assets, end of year
$16,231,553
Total liabilities, end of year
$494,945
Net assets or fund balances, end of year
$15,736,608
Program services expenses (Part IX)
$828,206
Management and general expenses
$186,162
Fundraising expenses
$60,152
Program service expenses (Part III)
$828,206

Program services were 77.1% 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

    $208,251

  • 1f · All other contributions, gifts and grants

    $637,092

  • 1g · Noncash contributions included above

    $38,000

  • 3 · Investment income

    total $455,922 · excluded $455,922

  • 7a · Gross sales of assets other than inventory

    securities $2,208,358

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

    securities $1,897,145

  • 7c · Gain or loss

    securities $311,213

  • 7d · Net gain or loss

    total $311,213 · excluded $311,213

  • 8a · Fundraising events: gross income

    $35,575

  • 8a · Fundraising events: contributions included on line 1c

    $208,251

  • 8b · Fundraising events: direct expenses

    $95,950

  • 8c · Net income from fundraising events

    total -$60,375 · excluded -$60,375

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $828,206 · program services $828,206

  • 11f · Fees: investment management

    total $63,019 · management and general $63,019

  • 11g · Fees: other

    total $118,181 · management and general $118,181

  • 13 · Office expenses

    total $4,962 · management and general $4,962

  • 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 $209,614 · end of year $592,961

  • 2 · Savings and temporary cash investments

    beginning of year $907,459 · end of year $539,032

  • 3 · Pledges and grants receivable

    beginning of year $32,714

  • 4 · Accounts receivable

    beginning of year $2,000

  • 11 · Investments: publicly traded securities

    beginning of year $13,506,915 · end of year $15,099,560

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,382 · end of year $10,647

  • 25 · Other liabilities

    beginning of year $378,403 · end of year $484,298

  • 27 · Net assets without donor restrictions

    beginning of year $3,641,918 · end of year $3,635,840

  • 28 · Net assets with donor restrictions

    beginning of year $10,596,999 · end of year $12,100,768

Mission and programs · 2023

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 $828,206 · Grants $828,206

As filed on the 2023 return.

Listed in Part VII

  • Dr Deborah Preston

    MCCC PRESIDENT

    Total calculated
    $372,114
    From this org
    $0
    From related orgs
    $242,541
    Other
    $129,573
    Hours/week
    20 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $216,541 related
    Bonus
    $0
    Other
    $0 + $26,000 related
    Deferred
    $0 + $84,023 related
    Nontaxable benefits
    $0 + $45,550 related
    Filer's total
    $0 + $372,114 related

  • Joseph T Claffey

    EXECUTIVE DIRECTOR AND SEC

    Total calculated
    $177,666
    From this org
    $0
    From related orgs
    $136,919
    Other
    $40,747
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,919 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,523 related
    Nontaxable benefits
    $0 + $29,224 related
    Filer's total
    $0 + $177,666 related

  • Dan Klim

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Bob Humes

    1ST VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ty Robinson

    2ND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Daniela Phayme

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Herb Ames

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kalyan Anumula

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Bennett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Imara Charles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lori Danko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hendricks Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Randy Hanks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathy Klockenbrink

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Savita Lachman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cesar Marroquin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diego Maya

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deb Millar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Onder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey F Perlman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Procaccini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Aamir Rehman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Allen M Silk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paula W Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melissa Tenzer

    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. 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

    $790,206

    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
2023
Filed
5 December 2024
IRS schema version
2023v5.1
Source object
202443409349300929

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