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← MCLENNAN COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by MCLENNAN COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$2,461,524
Total expenses
$3,467,699
Contributions and grants received
$821,887
Grants paid
$3,322,913
Program service revenue
$0
Investment income
$1,651,374
Other revenue
-$11,737
Total assets, end of year
$37,345,391
Total liabilities, end of year
$1,790,637
Net assets or fund balances, end of year
$35,554,754
Program services expenses (Part IX)
$3,322,913
Management and general expenses
$144,786
Fundraising expenses
$0
Program service expenses (Part III)
$3,322,913

Program services were 95.8% 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.

  • 1c · Fundraising events

    $50,040

  • 1f · All other contributions, gifts and grants

    $771,847

  • 3 · Investment income

    total $786,840 · excluded $786,840

  • 7a · Gross sales of assets other than inventory

    securities $2,509,571

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

    securities $1,645,037

  • 7c · Gain or loss

    securities $864,534

  • 7d · Net gain or loss

    total $864,534 · excluded $864,534

  • 8a · Fundraising events: gross income

    $35,200

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

    $50,040

  • 8b · Fundraising events: direct expenses

    $46,937

  • 8c · Net income from fundraising events

    total -$11,737 · excluded -$11,737

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,646,911 · program services $2,646,911

  • 2 · Grants to domestic individuals

    total $676,002 · program services $676,002

  • 11f · Fees: investment management

    total $51,932 · management and general $51,932

  • 24a · Other expenses: GENERAL & ADMINISTRATIV

    total $92,854 · management and general $92,854

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $44,760 · end of year $171,327

  • 2 · Savings and temporary cash investments

    beginning of year $2,212,930 · end of year $1,419,065

  • 3 · Pledges and grants receivable

    beginning of year $176,668 · end of year $140,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,235 · end of year $73,010

  • 11 · Investments: publicly traded securities

    beginning of year $26,439,778 · end of year $31,405,543

  • 12 · Investments: other securities

    beginning of year $3,738,541 · end of year $4,112,532

  • 15 · Other assets

    beginning of year $23,693 · end of year $23,914

  • 17 · Accounts payable and accrued expenses

    beginning of year $91,362 · end of year $1,790,637

  • 27 · Net assets without donor restrictions

    beginning of year $45,473 · end of year $45,473

  • 28 · Net assets with donor restrictions

    beginning of year $32,552,770 · end of year $35,509,281

Mission and programs · 2023

Mission

THE MCC FOUNDATION'S MISSION SUPPORTS THE DEVELOPMENT OF FUNDS FOR STUDENT SCHOLARSHIPS, STAFF AND FACULTY PROFESSIONAL DEVELOPMENT AND CAMPUS CAPITAL NEEDS.

Activities or mission (Part I)

THE MCC FOUNDATION'S MISSION SUPPORTS THE DEVELOPMENT OF FUNDS FOR STUDENT SCHOLARSHIPS, STAFF AND FACULTY PROFESSIONAL DEVELOPMENT, CAMPUS CAPITAL PROJECTS AND STUDENT EMERGENCY NEEDS.

  • AWARDS SCHOLARSHIPS TO STUDENTS OF MCLENNAN COMMUNITY COLLEGE TO ENCOURAGE EDUCATIONAL OPPORTUNITIES. IN ADDITION, THE FOUNDATION PROVIDES EMERGENCY GRANTS TO STUDENTS OF MCLENNAN COMMUNITY COLLEGE WHO ENCOUNTER EXTRAORDINARY EVENTS THAT COULD NEGATIVELY AFFECT THEIR ABILITY TO CONTINUE THEIR COLLEGE EDUCATION. THE FOUNDATION ALSO SUPPORTS PAULANNE'S PANTRY TO PROVIDE BASIC FOOD AND HYGIENE ITEMS FOR STUDENTS EXPERIENCING ECONOMIC INSECURITIES.

    Expenses $676,002 · Grants $676,002

  • FUNDS WERE DISTRIBUTED TO MCLENNAN COMMUNITY COLLEGE TO COVER $2,462,749 IN FACILITIES EXPENSE AND $129,835 IN VARIOUS COLLEGE PROGRAM EXPENSES.

    Expenses $2,592,584 · Grants $2,592,584

  • GRANTS TO MCLENNAN COMMUNITY COLLEGE TO BE USED TO FUND PROFESSIONAL DEVELOPMENT CONFERENCES AND CONTINUING EDUCATION FOR FACULTY AND STAFF.

    Expenses $54,327 · Grants $54,327

As filed on the 2023 return.

Listed in Part VII

  • Dana Hassell

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Vik Deivanayagam

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mosie Holley

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr Johnette McKown

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bridget Heins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Perez

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Len Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Bible

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Sandra Goss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deidra Emerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Johnny Giotes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trammell Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J David Dickson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul McClinton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andy Harwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Clint Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sabrina Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Earl Stinnett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Sharon Shields

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Debbie Sartain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Glenda Strum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Dianne Sawyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shawn Trochim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Patterson

    EXECUTIVE DIRECTOR(9.1.23-10.15.23)

    Total calculated
    $102,707
    From this org
    $87,556
    From related orgs
    $0
    Other
    $15,151
    Hours/week
    40

  • Wes Livesay

    EXECUTIVE DIRECTOR(10.15.23-8.31.24)

    Total calculated
    $35,109
    From this org
    $30,633
    From related orgs
    $0
    Other
    $4,476
    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

  • MCLENNAN COMMUNITY COLLEGE

    $2,462,749

    DISTRIBUTIONS FOR FACILITIES EXPENSES FOR THE COLLEGE.

  • MCLENNAN COMMUNITY COLLEGE

    $129,835

    DISTRIBUTED FOR VARIOUS COLLEGE PROGRAM EXPENSES.

  • MCLENNAN COMMUNITY COLLEGE

    $54,327

    PROFESSIONAL DEVELOPMENT EXPENSES FOR CONFERENCES AND CONTINUING EDUCATION FOR FACULTY AND STAFF

Provenance

Return type
form_990
Tax year
2023
Filed
3 February 2025
IRS schema version
2023v6.0
Source object
202510379349300021

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