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Nonprofiteer
← THE MISSISSIPPI GULF COAST COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2024

Filed by THE MISSISSIPPI GULF COAST COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$1,689,460
Total expenses
$1,640,252
Contributions and grants received
$634,528
Grants paid
$915,388
Program service revenue
$0
Investment income
$831,401
Other revenue
$223,531
Total assets, end of year
$23,266,286
Total liabilities, end of year
$687,318
Net assets or fund balances, end of year
$22,578,968
Program services expenses (Part IX)
$1,398,724
Management and general expenses
$241,528
Fundraising expenses
$0
Program service expenses (Part III)
$1,398,724

Program services were 85.3% 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.

  • 1b · Membership dues

    $3,344

  • 1c · Fundraising events

    $8,750

  • 1f · All other contributions, gifts and grants

    $622,434

  • 1g · Noncash contributions included above

    $127,210

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $576,517 · excluded $576,517

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $14,758,035

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

    securities $14,503,151

  • 7c · Gain or loss

    securities $254,884 · other assets $0

  • 7d · Net gain or loss

    total $254,884 · excluded $254,884

  • 8a · Fundraising events: gross income

    $344,777

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

    $8,750

  • 8b · Fundraising events: direct expenses

    $137,560

  • 8c · Net income from fundraising events

    total $207,217 · excluded $207,217

  • 11a · Other revenue: Miscellaneous Revenue

    total $16,314 · excluded $16,314

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $16,314

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $915,388 · program services $915,388

  • 11c · Fees: accounting

    total $74,832 · management and general $74,832

  • 11f · Fees: investment management

    total $92,648 · management and general $92,648

  • 11g · Fees: other

    total $6,551 · program services $0 · management and general $6,551 · fundraising $0

  • 13 · Office expenses

    total $148,349 · program services $142,680 · management and general $5,669

  • 14 · Information technology

    total $35,866 · management and general $35,866

  • 17 · Travel

    total $13,400 · program services $292 · management and general $13,108

  • 22 · Depreciation, depletion and amortization

    total $8,604 · management and general $8,604

  • 23 · Insurance

    total $1,498 · management and general $1,498

  • 24a · Other expenses: Program Support

    total $285,588 · program services $285,588

  • 24b · Other expenses: Meals

    total $31,521 · program services $31,521

  • 24c · Other expenses: Program Gifts

    total $23,255 · program services $23,255

  • 24d · Other expenses: Investment Tax

    total $2,545 · management and general $2,545

  • 24e · All other expenses

    total $207 · program services $0 · management and general $207 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,098,720 · end of year $2,561,283

  • 3 · Pledges and grants receivable

    beginning of year $44,068 · end of year $40,435

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $440,540

  • 10b · Land, buildings and equipment: accumulated depreciation

    $153,075

  • 10c · Land, buildings and equipment, net

    beginning of year $296,069 · end of year $287,465

  • 11 · Investments: publicly traded securities

    beginning of year $17,297,951 · end of year $20,114,927

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $262,176 · end of year $262,176

  • 17 · Accounts payable and accrued expenses

    beginning of year $559,370 · end of year $687,318

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,761,613 · end of year $2,899,933

  • 28 · Net assets with donor restrictions

    beginning of year $15,678,001 · end of year $19,679,035

Mission and programs · 2024

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • Awarding of scholarships to approved students and assisting Mississippi Gulf Coast Community College.

    Expenses $1,398,724 · Grants $915,388

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Angie Juzang

    Chair

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • David Allen

    Vice Chair

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Jennifer King

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Deloris Netteles

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Josh Wells

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Karla Smith

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Liz Corso Joachim

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Millie Page

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Nell Murray

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Nicki Steele-Clark

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Russell Gill

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Sean Courtney

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Stacey Clark

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mary Graham

    MGCCC President, Executive Secretary ex officio

    Total calculated
    $515,716
    From this org
    $0
    From related orgs
    $453,133
    Other
    $62,583
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $453,133 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $47,000 related
    Nontaxable benefits
    $0 + $15,583 related
    Filer's total
    $0 + $515,716 related

  • Suzana G Brown

    Vice President, Institutional Advancement

    Total calculated
    $159,217
    From this org
    $0
    From related orgs
    $153,382
    Other
    $5,835
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,382 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $5,835 related
    Filer's total
    $0 + $159,217 related

  • Jonathan Woodward

    Vice President of Teaching and Learning and Community Campus

    Total calculated
    $161,674
    From this org
    $0
    From related orgs
    $153,439
    Other
    $8,235
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,439 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,400 related
    Nontaxable benefits
    $0 + $5,835 related
    Filer's total
    $0 + $161,674 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. 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

  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

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

No itemized grants to organizations 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
2024
Filed
15 May 2026
IRS schema version
2024v5.1
Source object
202601359349302145

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