← MT HOOD COMMUNITY COLLEGE DISTRICT FOUNDATION INC

Form 990 for tax year 2024

Filed by MT HOOD COMMUNITY COLLEGE DISTRICT FOUNDATION INC.

Totals

Total revenue: $2,669,918
Total expenses: $1,601,659
Contributions and grants received: $1,440,277
Grants paid: $894,632
Program service revenue: $37,481
Investment income: $1,214,695
Other revenue: -$22,535
Total assets, end of year: $10,634,303
Total liabilities, end of year: $70,530
Net assets or fund balances, end of year: $10,563,773
Program services expenses (Part IX): $1,007,524
Management and general expenses: $309,287
Fundraising expenses: $284,848
Program service expenses (Part III): $1,007,524

Program services were 62.9% 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

$151,001
1f · All other contributions, gifts and grants

$1,289,276
1g · Noncash contributions included above

$334,897
2a · Program service revenue: Gift & Admin Fee Revenue

total $37,481 · related or exempt $37,481
3 · Investment income

total $277,865 · excluded $277,865
7a · Gross sales of assets other than inventory

securities $5,197,770
7b · Less cost or other basis and sales expenses

securities $4,260,940
7c · Gain or loss

securities $936,830
7d · Net gain or loss

total $936,830 · excluded $936,830
8a · Fundraising events: gross income

$59,497
8a · Fundraising events: contributions included on line 1c

$151,001
8b · Fundraising events: direct expenses

$93,064
8c · Net income from fundraising events

total -$33,567 · excluded -$33,567
9a · Gaming: gross income

$11,207
9b · Gaming: direct expenses

$175
9c · Net income from gaming

total $11,032 · excluded $11,032

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $180,107 · program services $180,107
2 · Grants to domestic individuals

total $714,525 · program services $714,525
7 · Other salaries and wages

total $249,921 · management and general $87,472 · fundraising $162,449
9 · Other employee benefits

total $147,911 · management and general $51,769 · fundraising $96,142
11c · Fees: accounting

total $25,835 · management and general $25,835
11d · Fees: lobbying

total $85,000 · program services $85,000
11f · Fees: investment management

total $9,276 · management and general $9,276
11g · Fees: other

total $1,323 · management and general $1,323
13 · Office expenses

total $9,664 · management and general $9,664
14 · Information technology

total $28,120 · management and general $28,120
17 · Travel

total $1,649 · management and general $1,649
19 · Conferences, conventions and meetings

total $36,167 · management and general $13,436 · fundraising $22,731
24a · Other expenses: Fees & Dues

total $50,452 · management and general $46,926 · fundraising $3,526
24b · Other expenses: Estate Related Expenses

total $33,817 · management and general $33,817
24c · Other expenses: Gift Fee Expenses

total $27,892 · program services $27,892

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $289,918 · end of year $804,430
2 · Savings and temporary cash investments

beginning of year $134,420 · end of year $187,238
11 · Investments: publicly traded securities

beginning of year $9,118,346 · end of year $9,642,635
25 · Other liabilities

beginning of year $47,170 · end of year $70,530
27 · Net assets without donor restrictions

beginning of year $3,244,382 · end of year $3,276,528
28 · Net assets with donor restrictions

beginning of year $6,251,132 · end of year $7,287,245

Mission and programs · 2024

Mission

To support the success of students and alumni at the college. The foundation works with donors, community members, and past and present students to provide resources that help students succeed in the classroom and beyond.

Activities or mission (Part I)

To be a unifying force and provide resources vital to quality education and community life.

Scholarships: Awarded annually and by school term, scholarships are funded by donations from corporations, foundations, individuals and organizations as well as proceeds from the annual MHCC Foundation auction. Once funding is available, scholarships are advertised for student application. A MHCC Financial Aid representative and the MHCCD Foundation Scholarship and Grants Committee members review the applications and determine recipients based upon the established scholarship criteria. Approximately $714,525 was awarded to 246 students in the 2024-2025 fiscal year. These scholarship awards aid students in paying for tuition, fees, books, and support services.

Expenses $714,525 · Grants $714,525 · Revenue $37,481
Program Funds: Program funds are specifically established for use in a particular division, department or program. These funds are used for program equipment, student conference fees, professional development for instructors, and projects and assistance to benefit students and employees. Donors may designate their gift to any existing program fund or can initiate a fund if circumstances warrant. Funding for program support typically comes from donor designations as well as grants from foundations or organizations. Approximately $132,344 was funded to the College program areas in the 2024-2025 fiscal year.

Expenses $160,236 · Grants $132,344
Foundation support of the College: Annually the College determines private funding priorities and presents a request to the MHCCD Foundation Finance Committee for recommendation to the Foundation Board for approval. Typically, the College President makes the request. In 2024-2025, the Foundation supported the College with payments or transfers from the Board Designated General Fund for the following:$7,000 OER Grant; $4,500 Staff & Teacher Awards; $36,263 GIK Donations

Expenses $47,763 · Grants $47,763
During the tax year, the Foundation expended funds in support of advocacy related to the Mt. Hood Community College Capital Bond Ballot Measure. The Finance Committee voted to allocate the $80,000 generally used for College President recommendations to bond related outreach and advocacy activities conducted by Friends of MHCC. In addition, $5,000 of donor directed funds were expended to support ballot measure advocacy efforts.

Expenses $85,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Dan Malinaric

President

Total calculated

$0

Hours/week

2
Sue O'Halloran

Vice President

Total calculated

$0

Hours/week

2
Stan Hymel

Treasurer

Total calculated

$0

Hours/week

2
Paula Walker

Secretary

Total calculated

$0

Hours/week

2
Warner E Allen

Board Member

Total calculated

$0

Hours/week

1
Ken Cornelison

Board Member

Total calculated

$0

Hours/week

1
Anne Furniss

Board Member

Total calculated

$0

Hours/week

1
Martin Hertrich

Board Member

Total calculated

$0

Hours/week

1
Nancy Jaksich

Board Member

Total calculated

$0

Hours/week

1
Dan Corcoran

Board Member

Total calculated

$0

Hours/week

1
Robin McGregor

Board Member

Total calculated

$0

Hours/week

1
Debra Derr

Board Member (Until Jan' 25)

Total calculated

$0

Hours/week

1
Jon Sandstrom

Board Member

Total calculated

$0

Hours/week

1
Wendy Vondrak

Board Member

Total calculated

$0

Hours/week

1
Sean Berry CPA

Board Member

Total calculated

$0

Hours/week

1
Cody Farnes

Board Member

Total calculated

$0

Hours/week

1
Travis Gullberg

Board Member

Total calculated

$0

Hours/week

1
Lynne Page

Board Member

Total calculated

$0

Hours/week

1
Tony Hornback

Board Member

Total calculated

$0

Hours/week

1
Doug Clark

Board Member (Jul '24-Apr' 25)

Total calculated

$0

Hours/week

1
Jennifer Boehmer - Executive

Director & VP of College Advancement

Total calculated

$86,630

From this org

$73,528

From related orgs

$0

Other

$13,102

Hours/week

15

Schedule J breakdown matched by us

Base

$73,528

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$13,482

Filer's total

$87,010
Al Sigala - Former Executive

Director & VP of College Advancement

Total calculated

$149,266

From this org

$136,182

From related orgs

$0

Other

$13,084

Hours/week

20

Schedule J breakdown matched by us

Base

$136,182

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$13,464

Filer's total

$149,646

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 I, Line 3: The Foundation does not establish the compensation of the Executive Director. Compensation is determined by Mt. Hood Community College District, an unrelated organization, and the Foundation relied on the District to establish compensation.
Schedule J, Part II:: Al Sigala was paid by Mt. Hood Community College District, an unrelated organization, for services provided as Executive Director of the Foundation until he retired in June, 2024. Al Sigala received total compensation of $149,646 for the 2024 calendar year for which approximately 50% of his time is allocated to the Foundation. Hours reported on Part VII, Line 1a, represent his average hours per week devoted to his position as Former Foundation Executive Director. Jennifer Boehmer is paid by Mt. Hood Community College District, an unrelated organization, for services provided as Executive Director of the Foundation. Jennifer Boehmer received total compensation of $87,010 for the 2024 calendar year for which approximately 50% of her time is allocated to the Foundation. Hours reported on Part VII, Line 1a, represent her average hours per week devoted to her position as Foundation Executive Director.

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

Mt Hood Community College

$177,195

Program equipment, student conference fees, professional development, bond campaign, math placement project & Equity center

Provenance

Return type: form_990
Tax year: 2024
Filed: 8 May 2026
IRS schema version: 2024v5.5
Source object: 202611319349303016

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