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Nonprofiteer
← THE METROPOLITAN COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by THE METROPOLITAN COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$2,953,460
Total expenses
$2,355,794
Contributions and grants received
$2,463,665
Grants paid
$1,889,307
Program service revenue
$0
Investment income
$565,201
Other revenue
-$75,406
Total assets, end of year
$18,941,458
Total liabilities, end of year
$1,283,518
Net assets or fund balances, end of year
$17,657,940
Program services expenses (Part IX)
$2,214,486
Management and general expenses
$69,096
Fundraising expenses
$72,212
Program service expenses (Part III)
$2,214,486

Program services were 94.0% 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.

  • 1c · Fundraising events

    $246,747

  • 1f · All other contributions, gifts and grants

    $2,216,918

  • 3 · Investment income

    total $439,682 · excluded $439,682

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $3,914,665

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

    securities $3,789,146

  • 7c · Gain or loss

    securities $125,519

  • 7d · Net gain or loss

    total $125,519 · excluded $125,519

  • 8a · Fundraising events: gross income

    $44,000

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

    $246,747

  • 8b · Fundraising events: direct expenses

    $119,406

  • 8c · Net income from fundraising events

    total -$75,406 · excluded -$75,406

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $926,375 · program services $926,375

  • 2 · Grants to domestic individuals

    total $962,932 · program services $962,932

  • 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 $0

  • 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 $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $72,212 · fundraising $72,212

  • 11f · Fees: investment management

    total $69,096 · management and general $69,096

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $957 · program services $957

  • 13 · Office expenses

    total $228,745 · program services $228,745

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $5,791 · program services $5,791

  • 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 $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: PARTICIPANT SUPPORT

    total $16,237 · program services $16,237

  • 24b · Other expenses: FOOD/MEALS

    total $31,021 · program services $31,021

  • 24c · Other expenses: OTHER EXPENSE

    total $42,428 · program services $42,428

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $887,178 · end of year $2,197,483

  • 2 · Savings and temporary cash investments

    beginning of year $330,430 · end of year $1,136,715

  • 3 · Pledges and grants receivable

    beginning of year $1,044,390 · end of year $396,045

  • 4 · Accounts receivable

    beginning of year $20,011 · end of year $29,751

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $27,500

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $14,381,230 · end of year $15,153,964

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $996 · end of year $493,274

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $205,563 · end of year $131,588

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $334,968 · end of year $658,656

  • 27 · Net assets without donor restrictions

    beginning of year $4,537,356 · end of year $4,924,694

  • 28 · Net assets with donor restrictions

    beginning of year $11,584,356 · end of year $12,733,246

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THE FOUNDATION SUPPORTS THE MISSION OF THE JUNIOR COLLEGE DISTRICT OF METROPOLITAN KANSAS CITY, MISSOURI DBA THE METROPOLITAN COMMUNITY COLLEGE, KANSAS CITY (MCC)(SEE SCHEDULE O)

  • SEE SCHEDULE O

    Expenses $1,251,554 · Grants $1,117,993

  • SCHOLARSHIPS ARE THE SIGNATURE PROGRAM OF THE MCC FOUNDATION PROVIDING FINANCIAL SUPPORT FOR TUITION AND ACADEMIC COACHING FOR STUDENTS WITH FINANCIAL NEED. CLOSE TO 50% OF MCC STUDENTS REQUIRE ASSISTANCE IN ORDER TO REALIZE THEIR DREAMS OF ACHIEVING A HIGHER EDUCATION. MANY STUDENTS RECEIVING FOUNDATION SCHOLARSHIPS ARE THE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE AND THE SCHOLARSHIPS HAVE CHANGED THE LIVES OF RECIPIENTS AND THEIR FAMILIES.

    Expenses $962,932 · Grants $962,932

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Billy Dunbar

    VP INSTITUTIONAL ADVANCEMENT

    Total calculated
    $107,176
    From this org
    $0
    From related orgs
    $82,821
    Other
    $24,355
    Hours/week
    40

  • Mark Larrabee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Alex

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bret Bonge

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    3 + 0.5 related

  • Rafael Garcia

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Marquita Miller

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Michael Roane

    DIRECTOR/MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    3

  • Kevin Seabaugh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Darin Shank

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ruth Stricklen Pullins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Oscar Monterroso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Beth Soukup

    DIRECTOR/MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Rosana Privitera Biondo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carolyn Watley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tammy Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Catherine Boltz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Steve Lanasa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

  • JR COLLEGE DIST OF METRO KCMO DBA MCC

    $1,117,993

    SUPPORTING PROGRAMS

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.

  • JR COLLEGE DIST OF METRO KCMO DBA MCC

    GOVERNMENT · HIGHER ED · MO

    Directly controlled by NA

  • KC MCC BUILDING CORPORATION

    501(C)(3) · FACILITIES · MO · controlled entity

    Directly controlled by MCC DISTRICT

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202410409349301041

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