Mercer County Community College Foundation
- Assets
- $13.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- West Windsor, NJ
- Founding
- 12/1978
- Data as of
- 06/2022
- EIN
- 22-2133029
Organization Overview
Mercer County Community College Foundation is located in West Windsor, NJ. The organization was established in 1978. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercer County Community College Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Mercer County Community College Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $802.4k during the year ending 06/2022. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISH AND CARRYOUT ENRICHMENT ACTIVITIES THAT SUPPORT THE MISSION OF MERCER COUNTY COMMUNITY COLLEGE AND THE COMMUNITY IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SUPPORT FOR MERCER COUNTY COMMUNITY COLLEGE'S VARIOUS PROGRAMS (SCHOLARSHIPS, COLLEGE SPORTS, EDUCATIONAL) FOR ITS STUDENTS, FACULTY AND SURROUNDING COMMUNITY INCLUDING WWFM, THE CLASSICAL NETWORK AND KELSEY THEATRE AND THE VARIOUS SUPPORTING COSTS ASSOCIATED WITH THE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Aamir Rehman Chair | OfficerTrustee | 1 | $0 |
Dan Klim 1st Vice Chair | OfficerTrustee | 1 | $0 |
Ty Robinson 2nd Vice Chair | OfficerTrustee | 1 | $0 |
Cathryn Clary Treasurer | OfficerTrustee | 1 | $0 |
Dr Jianping Wang Edd Mccc President | Officer | 20 | $0 |
Joseph T Claffey Executive Director And Sec | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $82,103 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $566,077 |
| Noncash contributions included in lines 1a–1f | $50,709 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $648,180 |
| Total Program Service Revenue | $0 |
| Investment income | $353,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $835,321 |
| Net Income from Fundraising Events | -$22,562 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,814,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $650,627 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,618 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,278 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $46,364 |
| Total functional expenses | $802,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,274 |
| Savings and temporary cash investments | $1,397,128 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $2,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,987,360 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,635,762 |
| Accounts payable and accrued expenses | $22,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $429,198 |
| Total liabilities | $451,698 |
| Net assets without donor restrictions | $3,310,938 |
| Net assets with donor restrictions | $9,873,126 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,635,762 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Mercer County Community College Foundation has recieved totaling $119,355.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $50,100 |
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: WWFM The Classical Network - unrestricted support | $22,350 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $13,920 |
Yuen Hwa & Yong Sup Sim Family Community Foundation Cream Ridge, NJ PURPOSE: SCHOLARSHIPS | $10,000 |
Area Vii Physicians Review Organization Inc East Brunswick, NJ PURPOSE: 10 NURSING SCHOLARSHIPS | $10,000 |
Riley Family Education Foundation Inc Dunedin, FL PURPOSE: GENERAL SUPPORT | $4,985 |
Endowment Analysis
| Beg. Balance | $4,903,935 |
| Earnings | $341,105 |
| Net Contributions | $638,291 |
| Grants | $479,170 |
| Ending Balance | $5,426,822 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
Forrestal Agricultural Corporation Princeton, NJ | $368,119,233 | $43,096,782 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |
Foundation Of The State University Of New York At Binghamton Inc Binghamton, NY | $286,478,699 | $29,318,635 |
New York University School Of Law Foundation New York, NY | $145,376,406 | $16,902,006 |
Ubf Faculty-Student Housing Corp Buffalo, NY | $136,055,512 | $19,963,891 |
Educational And Cultural Trust Fund Of The Electrical Industry Flushing, NY | $84,016,859 | $24,193,596 |
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |