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Nonprofiteer
← MOUNTWEST FOUNDATION INC

Form 990 for tax year 2022

Filed by MOUNTWEST FOUNDATION INC.

Totals

Total revenue
$181,885
Total expenses
$135,993
Contributions and grants received
$107,085
Grants paid
$121,686
Program service revenue
$0
Investment income
$74,800
Other revenue
$0
Total assets, end of year
$915,516
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$915,516
Program services expenses (Part IX)
$127,448
Management and general expenses
$8,545
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 93.7% 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

    $3,148

  • 1f · All other contributions, gifts and grants

    $103,937

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

    total $74,800 · related or exempt $74,800

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $121,686 · program services $121,686

  • 11c · Fees: accounting

    total $1,350 · management and general $1,350

  • 11f · Fees: investment management

    total $4,587 · program services $4,587

  • 13 · Office expenses

    total $5,365 · management and general $5,365

  • 19 · Conferences, conventions and meetings

    total $1,175 · program services $1,175

  • 23 · Insurance

    total $1,830 · management and general $1,830

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $204,888 · end of year $277,120

  • 2 · Savings and temporary cash investments

    beginning of year $628,426 · end of year $638,396

  • 17 · Accounts payable and accrued expenses

    beginning of year $104,386

  • 27 · Net assets without donor restrictions

    beginning of year $36,682 · end of year $184,652

  • 28 · Net assets with donor restrictions

    beginning of year $692,246 · end of year $730,864

Mission and programs · 2022

Mission

TO OPERATE AS AN INDEPENDENT NON-PROFIT ORGANIZATION TO RECEIVE, ADMINISTER, AND DISBURSE PRIVATE SCHOLARSHIPS TO STUDENTS OF MOUNTWEST COMMUNITY AND TECHNICAL COLLEGE.

Activities or mission (Part I)

TO OPERATE AS AN INDEPENDENT NONPROFIT ORGANIZATION TO RECEIVE ADMINISTER AND DISBURSE PRIVATE SCHOLARSHIPS TO STUDENTS OF MCTC

  • THE FOUNDATION PROVIDES SUPPORT IN THE FORM OF SCHOLARSHIPS AND AWARDS TO STUDENTS OF MOUNTWEST COMMUNITY AND TECHNICAL COLLEGE.

  • THE FOUNDATION PROVIDES SUPPORT TO INDIVIDUAL DEPARTMENTS AND UNITS OF THE COLLEGE TO SUPPLEMENT THEIR PROGRAMS. THE FOUNDATION ALSO PROVIDES ADDITIONAL RESOURCES FOR PROGRAMS, TRAVEL, TRAINING, ADMINISTRATIVE SUPPORT, AND SUPPLIES FOR COLLEGE DEPARTMENTS AND UNITS

As filed on the 2022 return.

Listed in Part VII

  • Joshua Baker

    CTC PRESIDENT

    Total calculated
    $0

  • Vicki Dunn-Marshall

    DIRECTOR

    Total calculated
    $0

  • Bradley Burck

    PRESIDENT

    Total calculated
    $0

  • Adam Reynolds

    TREASURER

    Total calculated
    $0

  • Rebecca White

    SECRETARY

    Total calculated
    $0

  • David Earl

    DIRECTOR

    Total calculated
    $0

  • Allison White

    DIRECTOR

    Total calculated
    $0

  • Isaac Meyers

    DIRECTOR

    Total calculated
    $0

  • John Zickefoose

    DIRECTOR

    Total calculated
    $0

  • Amy Frasure

    DIRECTOR

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202441309349305259

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