Middlesex College Foundation Inc

Organization Overview

Middlesex College Foundation Inc is located in Edison, NJ. The organization was established in 1966. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Middlesex College Foundation Inc 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 06/2023, Middlesex College Foundation Inc generated $928.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

HELPING STUDENTS OPEN DOORS TO THEIR FUTURE WITH FINANCIAL AID, SCHOLARSHIPS, AND EDUCATIONAL RESOURCES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAMS AND GRANTS - IN ADDITION TO PROVIDING SCHOLARSHIPS FOR MIDDLESEX COLLEGE STUDENTS, MIDDLESEX COLLEGE FOUNDATION SEEKS FUNDING FOR A WIDE VARIETY OF ONGOING PROGRAMS AND ACADEMIC INITIATIVES. THE MC FOUNDATION STRIVES TO ENCOURAGE AND SUSTAIN LONG-TERM RELATIONSHIPS WITH ALUMNI, FRIENDS, AND BUSINESSES, AND TO SEEK THEIR ACTIVE SUPPORT OF THE COLLEGE'S MISSION. THESE RELATIONSHIPS BUILD COMMITMENT AND INCLUSION IN SUPPORT OF THE COLLEGE'S GOAL OF SERVING THE ENTIRE COMMUNITY.


MEETINGS, RECOGNITION, ANNUITY DISTRIBUTIONS


SCHOLARSHIPS - SINCE 1967, THE MIDDLESEX COLLEGE FOUNDATION HAS DISTRIBUTED OVER $18 MILLION IN SCHOLARSHIPS, FINANCIAL AID AND GRANTS TO MORE THAN 18,000 DESERVING STUDENTS. THE MIDDLESEX COLLEGE FOUNDATION CURRENTLY OFFERS 152 ENDOWED AND ANNUAL SCHOLARSHIPS FOR QUALIFIED STUDENTS. THE NUMBER OF DESERVING MIDDLESEX COLLEGE STUDENTS IN NEED OF FINANCIAL ASSISTANCE ALWAYS EXCEEDS AVAILABLE FUNDING. THE MIDDLESEX COLLEGE FOUNDATION IS COMMITTED TO INCREASING OUR FINANCIAL RESOURCES SO THAT WE MAY ASSIST MORE STUDENTS EACH YEAR. SPENDING OF FUNDS ARE BASED ON DONOR RESTRICTION AND MAY BE TEMPORARILY OR PERMANENTLY RESTRICTED.


DIRECT STUDENT SUPPORT - STUDENT SUCCESS OFTEN DEPENDS ON FACTORS BEYOND ACADEMIC SCHOLARSHIP. MIDDLESEX COLLEGE FOUNDATION SEEKS TO SUPPORT THE WHOLE STUDENT JOURNEY AND HAS MADE OF A COMMITMENT TO DIRECT STUDENTS SUPPORTS THROUGH THE FUNDING OF PROGRAMS SUCH AS THE STUDENT EMERGENCY FUND AND MIDDLESEX COLLEGE FOOD PANTRY.


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Board, Officers & Key Employees

Name (title)Compensation
Diane Conboy
Chairperson
$0
Deangelina Inman 1st Vice
Chair/2nd Vice Chair Thru Nov 2022
$0
Barbara Bernard Trustee
1st Chair Vice Thru Nov 2022
$0
Anthony Osbourne 2nd Vice
Chair/trustee Thru Nov 2022
$0
James Campbell
Treasurer
$0
Joanne Fillweber
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$5,538
Related organizations$0
Government grants $18,500
All other contributions, gifts, grants, and similar amounts not included above$905,557
Noncash contributions included in lines 1a–1f $26,154
Total Revenue from Contributions, Gifts, Grants & Similar$929,595
Total Program Service Revenue$0
Investment income $575,170
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$626,664
Net Income from Fundraising Events -$2,684
Net Income from Gaming Activities $53,362
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $928,779

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