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Nonprofiteer
← THE MISSISSIPPI GULF COAST COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by THE MISSISSIPPI GULF COAST COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$1,709,208
Total expenses
$1,204,361
Contributions and grants received
$1,010,656
Grants paid
$788,211
Program service revenue
$0
Investment income
$468,384
Other revenue
$230,168
Total assets, end of year
$19,480,699
Total liabilities, end of year
$708,638
Net assets or fund balances, end of year
$18,772,061
Program services expenses (Part IX)
$1,009,558
Management and general expenses
$194,803
Fundraising expenses
$0
Program service expenses (Part III)
$1,009,558

Program services were 83.8% 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

    $21,387

  • 1c · Fundraising events

    $4,975

  • 1f · All other contributions, gifts and grants

    $984,294

  • 1g · Noncash contributions included above

    $150,000

  • 3 · Investment income

    total $449,124 · excluded $449,124

  • 7a · Gross sales of assets other than inventory

    securities $19,260

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

    securities $0

  • 7c · Gain or loss

    securities $19,260

  • 7d · Net gain or loss

    total $19,260 · excluded $19,260

  • 8a · Fundraising events: gross income

    $308,352

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

    $4,975

  • 8b · Fundraising events: direct expenses

    $78,256

  • 8c · Net income from fundraising events

    total $230,096 · excluded $230,096

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $72 · excluded $72

  • 11e · Other revenue, total

    $72

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $788,211 · program services $788,211

  • 11c · Fees: accounting

    total $35,650 · management and general $35,650

  • 11f · Fees: investment management

    total $86,290 · management and general $86,290

  • 11g · Fees: other

    total $7,265 · management and general $7,265

  • 13 · Office expenses

    total $127,957 · program services $114,901 · management and general $13,056

  • 14 · Information technology

    total $27,063 · management and general $27,063

  • 17 · Travel

    total $13,034 · management and general $13,034

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $2,217 · management and general $2,217

  • 24a · Other expenses: PROGRAM SUPPORT

    total $66,806 · program services $66,806

  • 24b · Other expenses: MEALS

    total $26,365 · program services $26,281 · management and general $84

  • 24c · Other expenses: PROGRAM GIFTS

    total $13,359 · program services $13,359

  • 24d · Other expenses: SUPPLIES

    total $1,540 · management and general $1,540

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,692,504 · end of year $3,694,861

  • 3 · Pledges and grants receivable

    beginning of year $145,417 · end of year $59,454

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

    $440,540

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

    $135,867

  • 10c · Land, buildings and equipment, net

    beginning of year $313,277 · end of year $304,673

  • 11 · Investments: publicly traded securities

    beginning of year $14,107,785 · end of year $15,159,535

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $686,517 · end of year $708,638

  • 27 · Net assets without donor restrictions

    beginning of year $343,120 · end of year $334,516

  • 28 · Net assets with donor restrictions

    beginning of year $17,491,522 · end of year $18,437,545

Mission and programs · 2022

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 $1,009,558 · Grants $788,211

As filed on the 2022 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

  • Larosa Sam

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Juzang Angie

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Allen David

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Canizaro Joseph C

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joachim Liz Corso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Courtney Sean

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • King Jennifer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Legear Clayton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Murray Nell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nettles Deloris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Page Millie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Randall Rick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patton Jim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Smith Karla

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Steele-Clark Nicki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Wells Josh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Graham Mary S

    MGCCC PRESIDENT, EXECUTIVE SECRETARY EX OFFICIO

    Total calculated
    $331,249
    From this org
    $0
    From related orgs
    $319,768
    Other
    $11,481
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $319,768 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $11,481 related
    Filer's total
    $0 + $331,249 related

  • Brown Suzana G

    VICE PRESIDENT, INSTITUTIONAL ADVANCEMENT

    Total calculated
    $143,352
    From this org
    $0
    From related orgs
    $143,352
    Other
    $0
    Hours/week
    2 + 40 related

  • Taylor J Ladd

    VICE PRESIDENT OF PERKINSTON CAMPUS & GEORGE COUNT

    Total calculated
    $153,584
    From this org
    $0
    From related orgs
    $153,584
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,584 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $153,584 related

  • Woodward Jonathan

    VICE PRESIDENT OF TEACHING AND LEARNING AND COMMUN

    Total calculated
    $158,145
    From this org
    $0
    From related orgs
    $158,145
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,145 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $158,145 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
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202411349349301336

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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