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Nonprofiteer
← MONROE COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by MONROE COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$2,832,669
Total expenses
$4,981,846
Contributions and grants received
$2,104,038
Grants paid
$2,728,260
Program service revenue
$0
Investment income
$379,268
Other revenue
$349,363
Total assets, end of year
$30,106,238
Total liabilities, end of year
$3,932,018
Net assets or fund balances, end of year
$26,174,220
Program services expenses (Part IX)
$2,728,260
Management and general expenses
$1,527,752
Fundraising expenses
$725,834
Program service expenses (Part III)
$2,728,260

Program services were 54.8% 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.

  • 1c · Fundraising events

    $78,348

  • 1f · All other contributions, gifts and grants

    $2,025,690

  • 1g · Noncash contributions included above

    $90,173

  • 3 · Investment income

    total $430,825 · excluded $430,825

  • 7a · Gross sales of assets other than inventory

    securities $2,249,707

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

    securities $2,301,264

  • 7c · Gain or loss

    securities -$51,557

  • 7d · Net gain or loss

    total -$51,557 · excluded -$51,557

  • 8a · Fundraising events: gross income

    $634,567

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

    $78,348

  • 8b · Fundraising events: direct expenses

    $285,204

  • 8c · Net income from fundraising events

    total $349,363 · excluded $349,363

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,728,260 · program services $2,728,260

  • 7 · Other salaries and wages

    total $1,042,007 · management and general $370,740 · fundraising $671,267

  • 9 · Other employee benefits

    total $465,875 · management and general $465,875

  • 11c · Fees: accounting

    total $22,222 · management and general $22,222

  • 11f · Fees: investment management

    total $72,376 · management and general $72,376

  • 11g · Fees: other

    total $28,199 · management and general $28,199

  • 13 · Office expenses

    total $8,278 · management and general $8,278

  • 14 · Information technology

    total $73,062 · management and general $73,062

  • 16 · Occupancy

    total $9,900 · management and general $9,900

  • 17 · Travel

    total $48,027 · management and general $48,027

  • 19 · Conferences, conventions and meetings

    total $54,484 · management and general $54,484

  • 22 · Depreciation, depletion and amortization

    total $1,962 · management and general $1,962

  • 24a · Other expenses: UNCOLLECTIBLE ACCOUNTS

    total $206,090 · management and general $206,090

  • 24b · Other expenses: PUBLIC RELATIONS

    total $80,304 · management and general $80,304

  • 24c · Other expenses: SPECIAL EVENTS

    total $63,363 · management and general $8,796 · fundraising $54,567

  • 24d · Other expenses: OTHER EXPENSES

    total $41,637 · management and general $41,637

  • 24e · All other expenses

    total $35,800 · management and general $35,800

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,266,655 · end of year $1,753,363

  • 2 · Savings and temporary cash investments

    beginning of year $198,211 · end of year $1,941,352

  • 3 · Pledges and grants receivable

    beginning of year $3,811,213 · end of year $2,343,274

  • 9 · Prepaid expenses and deferred charges

    beginning of year $75,144 · end of year $98,044

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

    $83,045

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

    $81,779

  • 10c · Land, buildings and equipment, net

    beginning of year $1,984 · end of year $1,266

  • 11 · Investments: publicly traded securities

    beginning of year $20,846,056 · end of year $23,804,456

  • 15 · Other assets

    beginning of year $168,308 · end of year $164,483

  • 17 · Accounts payable and accrued expenses

    beginning of year $821,190 · end of year $994,030

  • 25 · Other liabilities

    beginning of year $1,175,992 · end of year $2,937,988

  • 27 · Net assets without donor restrictions

    beginning of year -$1,669,034 · end of year -$2,570,307

  • 28 · Net assets with donor restrictions

    beginning of year $27,039,423 · end of year $28,744,527

Mission and programs · 2023

Mission

THE MONROE COMMUNITY COLLEGE FOUNDATION SEEKS PHILANTHROPIC INVESTMENT TO ADVANCE ACADEMIC ACHIEVEMENT, INNOVATION, AND THE MISSION OF EXCELLENCE AT THE COLLEGE.

  • THE PURPOSE OF THE MONROE COMMUNITY COLLEGE FOUNDATION IS TO SEEK AND SECURE PRIVATE FUNDS TO SUPPLEMENT MONROE COMMUNITY COLLEGE'S TRADITIONAL REVENUE SOURCES THROUGH ITS ONGOING EFFORTS. IT PROVIDES SCHOLARSHIP ASSISTANCE, FACULTY ENRICHMENT PROGRAMS, FUNDING FOR EDUCATIONAL EQUIPMENT AND SEED MONEY FOR INNOVATIVE PROGRAMS. IN 2023, THE FOUNDATION'S LEVEL OF SUPPORT TO THE COLLEGE WAS $1,662,000 TO 912 STUDENTS.

    Expenses $2,728,260 · Grants $2,728,260

As filed on the 2023 return.

Listed in Part VII

  • TODD K BAXTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID J BEINETTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARTIN K BIRMINGHAM

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • DEANNA R BURT-NANNA PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ESSIE L CALHOUN-MCDAVID

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE CAMARDO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JACK CANNON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN J CAPITUMMINO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FLOR M COLON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID A CORNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFERY A DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN L DIMARCO II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAUREN DIXON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN A DREDGER PE LEED AP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SERGIO ESTEBAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • COLBY FEANE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LOREN FLAUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL J GOLDSTEIN CPA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BERNICE E HATCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KENNETH L HINES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT M KOGLER CPAPFS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • HOWARD KONAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL A KRUPNICKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MAUREEN J LALLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DIANA M LAURIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JETT MEHTA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS E PARKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LEE J PATTERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA PAULIS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN M POLOZIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • S JAY POPLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA REDDING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD A REINGOLD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EDWARD T SCHULER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NAOMI SILVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK A SIWIEC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARY L SQUIRES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH C STAMPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN T STICKLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES M SYDOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LORI A VAN DUSEN

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES J VITA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE E VON BACHO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL S WEED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN W WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MAUREEN R WOLFE

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JEREMY J WOLK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHILIP H YAWMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURIE L ZAUCHA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EMERSON U FULLWOOD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LONETTE MERRIMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELAINE MICHAEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DONALD E JEFFRIES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GAVIN BROWNLIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIMBERLY J GAYLORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL JACOBS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VIRGIL N JOSEPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • IAN J WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GRETCHEN WOOD

    EXECUTIVE DIRECTOR

    Total calculated
    $176,985
    From this org
    $0
    From related orgs
    $143,288
    Other
    $33,697
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $143,288 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $33,697 related
    Filer's total
    $0 + $176,985 related

  • SARAH BRUNDAGE

    DIRECTOR OF FINANCE (UNTIL 10/16/23)

    Total calculated
    $77,505
    From this org
    $0
    From related orgs
    $70,395
    Other
    $7,110
    Hours/week
    35

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 · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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 1A
SOCIAL CLUB DUES FOR GRETCHEN WOOD, EXECUTIVE DIRECTOR. THIS BENEFIT IS CONSIDERED A WORKING CONDITION FRINGE BENEFIT, AND AS SUCH, IS NOT TREATED AS TAXABLE COMPENSATION TO THE EXECUTIVE DIRECTOR. MONROE COMMUNITY COLLEGE FOUNDATION REQUIRES THIS MEMBERSHIP FOR THE EXECUTIVE DIRECTOR FOR BUSINESS PURPOSES. TOTAL AMOUNT PAID DURING THE CURRENT REPORTING PERIOD WAS $9,489.

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

  • MONROE COMMUNITY COLLEGE

    $2,707,869

    FUNDS ARE TRANSFERRED TO THE COLLEGE IN SUPPORT OF SCHOLARSHIPS AND OTHER EDUCATION RELATED PROGRAMS AND CAPITAL INITIATIVES.

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.

  • MCC HOLDINGS LLC

    REAL ESTATE HOLDING · NY · income $0 · assets $85,000

    Directly controlled by MONROE COMMUNITY COLLEGE FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
14 July 2025
IRS schema version
2023v6.0
Source object
202541969349301039

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