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Nonprofiteer
← MONTCALM COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by MONTCALM COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$987,029
Total expenses
$1,138,729
Contributions and grants received
$262,964
Grants paid
$982,097
Program service revenue
$0
Investment income
$724,065
Other revenue
$0
Total assets, end of year
$27,978,563
Total liabilities, end of year
$11,869
Net assets or fund balances, end of year
$27,966,694
Program services expenses (Part IX)
$1,080,097
Management and general expenses
$58,632
Fundraising expenses
$0
Program service expenses (Part III)
$1,080,097

Program services were 94.9% 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.

  • 1f · All other contributions, gifts and grants

    $262,964

  • 3 · Investment income

    total $639,530 · excluded $639,530

  • 7a · Gross sales of assets other than inventory

    securities $964,249

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

    securities $879,714

  • 7c · Gain or loss

    securities $84,535

  • 7d · Net gain or loss

    total $84,535 · related or exempt $84,535

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $578,362 · program services $578,362

  • 2 · Grants to domestic individuals

    total $403,735 · program services $403,735

  • 11f · Fees: investment management

    total $58,632 · management and general $58,632

  • 24a · Other expenses: SHARED EMPLOYEE EXPENSE

    total $76,879 · program services $76,879

  • 24b · Other expenses: CULTURAL EVENTS EXPENSE

    total $20,121 · program services $20,121

  • 24c · Other expenses: MCC NATURE TRAIL

    total $1,000 · program services $1,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $536,476 · end of year $407,049

  • 3 · Pledges and grants receivable

    beginning of year $1,722,450 · end of year $1,163,347

  • 7 · Other notes and loans receivable

    beginning of year -$323,191 · end of year -$548,397

  • 11 · Investments: publicly traded securities

    beginning of year $23,857,760 · end of year $26,956,564

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,393 · end of year $11,869

  • 27 · Net assets without donor restrictions

    beginning of year $8,675,994 · end of year $9,377,738

  • 28 · Net assets with donor restrictions

    beginning of year $17,112,108 · end of year $18,588,956

Mission and programs · 2023

Mission

TO SUPPORT MONTCALM COMMUNITY COLLEGE'S EFFORTS TO ANTICIPATE AND ADDRESS COMMUNITY NEEDS THROUGH RELATIONSHIP CULTIVATION AND RESOURCE STEWARDSHIP.

  • ENHANCEMENT ACTIVITIES RELATED TO CULTURAL EVENTS, EARLY COLLEGE, CAMPUS MASTER PLANNING AND SCHOLARSHIPS.

    Expenses $1,080,097 · Grants $982,097

As filed on the 2023 return.

Listed in Part VII

  • Jane Anderson-Beach

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Ransom Leppink

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joshua Gibbs

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Lisa Lund

    EXECUTIVE DIRECTOR

    Total calculated
    $96,629
    From this org
    $0
    From related orgs
    $72,912
    Other
    $23,717
    Hours/week
    40 + 40 related

  • Tom Kohn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald Burns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Adgate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Gibson

    DIRECTOR

    Total calculated
    $139,218
    From this org
    $0
    From related orgs
    $113,805
    Other
    $25,413
    Hours/week
    1 + 40 related

  • Mike Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andy Hurst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bridget Badder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Ferrentino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kurt Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Stafford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Connie Stewart

    ASSISTANT TREASURER/SECRETARY

    Total calculated
    $146,752
    From this org
    $0
    From related orgs
    $119,180
    Other
    $27,572
    Hours/week
    4 + 40 related

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

  • MONTCALM COMMUNITY COLLEGE

    $578,362

    CAPITAL PROJECTS

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.

  • MONTCALM COMMUNITY COLLEGE

    115 · HIGHER EDUCATION · MI

Provenance

Return type
form_990
Tax year
2023
Filed
20 December 2024
IRS schema version
2023v5.1
Source object
202443559349301124

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