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Nonprofiteer
← TRUCKEE MEADOWS COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by TRUCKEE MEADOWS COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$3,064,746
Total expenses
$3,366,248
Contributions and grants received
$2,786,468
Grants paid
$3,231,040
Program service revenue
$0
Investment income
$278,278
Other revenue
$0
Total assets, end of year
$7,062,135
Total liabilities, end of year
$350,549
Net assets or fund balances, end of year
$6,711,586
Program services expenses (Part IX)
$3,231,040
Management and general expenses
$86,900
Fundraising expenses
$48,308
Program service expenses (Part III)
$3,231,040

Program services were 96.0% 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.

  • 1d · Related organizations

    $140,781

  • 1f · All other contributions, gifts and grants

    $2,645,687

  • 1g · Noncash contributions included above

    $88,466

  • 3 · Investment income

    total $278,278 · excluded $278,278

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,231,040 · program services $3,231,040

  • 11c · Fees: accounting

    total $38,950 · management and general $38,950

  • 11g · Fees: other

    total $16,461 · management and general $16,461

  • 13 · Office expenses

    total $3,185 · management and general $42 · fundraising $3,143

  • 14 · Information technology

    total $9,327 · management and general $9,327

  • 24a · Other expenses: Staffing support

    total $44,241 · management and general $22,120 · fundraising $22,121

  • 24b · Other expenses: Host expenses & sponsorships

    total $19,044 · fundraising $19,044

  • 24c · Other expenses: Bad debt and other expenses

    total $4,000 · fundraising $4,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,317 · end of year $11,420

  • 2 · Savings and temporary cash investments

    beginning of year $5,174,943 · end of year $4,784,064

  • 3 · Pledges and grants receivable

    beginning of year $1,081,300 · end of year $885,870

  • 4 · Accounts receivable

    beginning of year $33,000 · end of year $35,421

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,500 · end of year $30,904

  • 11 · Investments: publicly traded securities

    beginning of year $960,469 · end of year $1,181,957

  • 15 · Other assets

    beginning of year $77,735 · end of year $132,499

  • 17 · Accounts payable and accrued expenses

    beginning of year $486,974 · end of year $218,050

  • 25 · Other liabilities

    beginning of year $77,735 · end of year $132,499

  • 29 · Capital stock, trust principal or current funds

    beginning of year $841,116 · end of year $1,083,141

  • 31 · Retained earnings, endowment or other funds

    beginning of year $5,946,439 · end of year $5,628,445

Mission and programs · 2023

Mission

THE FOUNDATION SUPPORTS TMCC BY CULTIVATING RELATIONSHIPS WITH ALUMNI, DONORS, AND BUSINESSES TO GENERATE FINANCIAL SUPPORT FOR COLLEGE PROGRAMS AND STUDENT SCHOLARSHIPS, BUILD SUSTAINING ENDOWMENT FUNDS, AND LEAD CAPITAL EXPANSION TO DEVELOP A THRIVING STATE-OF-THE-ART CAMPUS.

  • THE FOUNDATION INCREASED THE ENDOWMENT FUNDS THAT PROVIDE ON-GOING SUPPORT FOR SCHOLARSHIPS AND FUNDED SCHOLARSHIPS AWARDED TO 710 STUDENTS FOR THE 2023/2024 ACADEMIC YEAR.

    Expenses $1,887,003 · Grants $1,887,003

  • THE FOUNDATION PROVIDED SUPPORT TO TMCC FOR SPECIALIZED PROGRAMS AND CAPITAL CAMPAIGNS TO SUPPORT AND EXPAND CURRICULUM AND PROVIDE STUDENTS WITH TECHNICAL CERTIFICATIONS TO IMPROVE ACCESS TO EMPLOYMENT. MAJOR PROGRAM ACCOMPLISHMENTS DURING THE YEAR INCLUDE SUPPORT TO RENOVATE AND EXPAND THE VETERANS RESOURCE CENTER, ARCHITECTURE PROGRAM, FIRST-TIME COLLEGE STUDENT PROGRAMS, AND TO HELP SEEK ACCREDITATION FOR A BACHELORS DEGREE PROGRAM.

    Expenses $1,344,037 · Grants $1,344,037

As filed on the 2023 return.

Listed in Part VII

  • Gretchen Sawyer

    EXECUTIVE DIRECTOR

    Total calculated
    $224,506
    From this org
    $0
    From related orgs
    $170,209
    Other
    $54,297
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    not reported + $170,209 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $54,297 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $224,506 related

  • Danny Delaveaga

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jeff Frame

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Cheryl Lewis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jessica Montenegro

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sandeep Randhawa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Zeina Randall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dan Lofrese

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Katy Simon Holland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mindy Lokshin

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Fred Altmann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gigi Chisel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Yanus Nelson

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Matt Thornton

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Ryan Costella

    TREASURER

    Total calculated
    $0
    Hours/week
    3

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

  • 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

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501349349308305

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