← MT HOOD COMMUNITY COLLEGE DISTRICT FOUNDATION INC

Form 990 for tax year 2023

Filed by MT HOOD COMMUNITY COLLEGE DISTRICT FOUNDATION INC.

Totals

Total revenue: $405,071
Total expenses: $1,787,352
Contributions and grants received: $760,569
Grants paid: $1,263,301
Program service revenue: $15,748
Investment income: -$371,086
Other revenue: -$160
Total assets, end of year: $9,542,684
Total liabilities, end of year: $47,170
Net assets or fund balances, end of year: $9,495,514
Program services expenses (Part IX): $1,263,301
Management and general expenses: $305,557
Fundraising expenses: $218,494
Program service expenses (Part III): $1,263,301

Program services were 70.7% 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

$140,667
1f · All other contributions, gifts and grants

$619,902
1g · Noncash contributions included above

$5,100
2a · Program service revenue: Gift & Admin Fee Revenue

total $15,748 · related or exempt $15,748
3 · Investment income

total $282,976 · excluded $282,976
7a · Gross sales of assets other than inventory

securities $2,433,304 · other assets $1,485,522
7b · Less cost or other basis and sales expenses

securities $2,469,335 · other assets $2,103,553
7c · Gain or loss

securities -$36,031 · other assets -$618,031
7d · Net gain or loss

total -$654,062 · excluded -$654,062
8a · Fundraising events: gross income

$39,205
8a · Fundraising events: contributions included on line 1c

$140,667
8b · Fundraising events: direct expenses

$52,015
8c · Net income from fundraising events

total -$12,810 · excluded -$12,810
9a · Gaming: gross income

$12,650
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $12,650 · excluded $12,650

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $476,300 · program services $476,300
2 · Grants to domestic individuals

total $787,001 · program services $787,001
7 · Other salaries and wages

total $178,811 · management and general $62,584 · fundraising $116,227
9 · Other employee benefits

total $115,416 · management and general $40,396 · fundraising $75,020
11c · Fees: accounting

total $30,150 · management and general $30,150
11f · Fees: investment management

total $9,263 · management and general $9,263
11g · Fees: other

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

total $9,306 · management and general $9,306
14 · Information technology

total $45,497 · management and general $45,497
17 · Travel

total $2,434 · management and general $2,434
19 · Conferences, conventions and meetings

total $21,435 · fundraising $21,435
22 · Depreciation, depletion and amortization

total $572 · management and general $572
23 · Insurance

total $3,012 · management and general $3,012
24a · Other expenses: Fees & Dues

total $74,059 · management and general $68,247 · fundraising $5,812
24b · Other expenses: Estate Related Expenses

total $32,773 · management and general $32,773

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $233,107 · end of year $289,918
2 · Savings and temporary cash investments

beginning of year $421,031 · end of year $134,420
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $2,104,125 · end of year $0
11 · Investments: publicly traded securities

beginning of year $8,181,271 · end of year $9,118,346
25 · Other liabilities

beginning of year $61,739 · end of year $47,170
27 · Net assets without donor restrictions

beginning of year $4,541,227 · end of year $3,244,382
28 · Net assets with donor restrictions

beginning of year $6,336,568 · end of year $6,251,132

Mission and programs · 2023

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 $787,001 was awarded to 223 students in the 2023-2024 fiscal year. These scholarship awards aid students in paying for tuition, fees, books, and support services.

Expenses $787,001 · Grants $787,001 · Revenue $15,748
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 2023-2024, the Foundation supported the College with payments or transfers from the Board Designated General Fund for the following:$55,000 Bond Campaign; $25,000 Math Placement Project; $7,000 OER Grant; $4,500 Staff & Teacher Awards; $199,076 Equity Center; $11,048 Yoshida Piano; $12,167 Other

Expenses $313,791 · Grants $313,791
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 $162,509 was funded to the College program areas in the 2023-2024 fiscal year.

Expenses $162,509 · Grants $162,509

As filed on the 2023 return.

Listed in Part VII

Debra Derr

President

Total calculated

$0

Hours/week

2
Dan Corcoran

Past President

Total calculated

$0

Hours/week

2
Dan Malinaric

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
Robin McGregor

Board Member

Total calculated

$0

Hours/week

1
Sue O'Halloran

Board Member

Total calculated

$0

Hours/week

1
Jon Sandstrom

Board Member

Total calculated

$0

Hours/week

1
Tanya Shanks-Connors

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
Matt Wand

Board Member

Total calculated

$0

Hours/week

1
Mark Garber

Board Member

Total calculated

$0

Hours/week

1
Al Sigala - Executive Director

& VP of College Advancement

Total calculated

$200,918

From this org

$171,114

From related orgs

$0

Other

$29,804

Hours/week

20

Schedule J breakdown matched by us

Base

$171,114

Bonus

$0

Other

$0

Deferred

$4,800

Nontaxable benefits

$25,365

Filer's total

$201,279

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 is paid by Mt. Hood Community College District, an unrelated organization, for services provided as Executive Director of the Foundation. Al Sigala received total compensation of $201,279 for the 2023 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 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

$476,300

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

MHCC Foundation LLC

Education · OR · income -$618,602 · assets $0

Directly controlled by Mt Hood Community College District Foundation Inc

Provenance

Return type: form_990
Tax year: 2023
Filed: 2 May 2025
IRS schema version: 2023v6.0
Source object: 202541259349301764

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