Mt Hood Community College District Foundation Inc

Organization Overview

Mt Hood Community College District Foundation Inc is located in Gresham, OR. The organization was established in 1970. 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. Mt Hood Community College District 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, Mt Hood Community College District Foundation Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 10.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO BE A UNIFYING FORCE PROVIDING RESOURCES VITAL TO QUALITY EDUCATION AND COMMUNITY LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AWARDED ANNUALLY AND BY SCHOOL TERM, SCHOLARSHIPS ARE FUNDED BY DONATIONS FROM CORPORATIONS, FOUNDATIONS, INDIVIDUALS AND ORGANIZATIONS AS WELL AS PROCEEDS FROM THE ANNUAL MHCC FOUNDATION AUCTION. ONCE FUNDING IS AVAILABLE, SCHOLARSHIPS ARE ADVERTISED FOR STUDENT APPLICATION. A MHCC FINANCIAL AID REPRESENTATIVE AND THE MHCCD FOUNDATION SCHOLARSHIP AND GRANTS COMMITTEE MEMBERS REVIEW THE APPLICATIONS AND DETERMINE A RECIPIENT BASED UPON THE ESTABLISHED SCHOLARSHIP CRITERIA. APPROXIMATELY $508,720 WAS AWARDED TO APPROXIMATELY 171 STUDENTS IN THE 2022-2023 FISCAL YEAR. THESE SCHOLARSHIP AWARDS AID STUDENTS IN PAYING FOR TUITION, FEES, BOOKS, AND SUPPORT SERVICES.


PROGRAM FUNDS ARE SPECIFICALLY ESTABLISHED FOR USE IN A PARTICULAR DIVISION, DEPARTMENT OR PROGRAM. THESE FUNDS ARE USED FOR PROGRAM EQUIPMENT, STUDENT CONFERENCE FEES, PROFESSIONAL DEVELOPMENT FOR INSTRUCTORS, AND PROJECTS AND ASSISTANCE TO BENEFIT STUDENTS AND EMPLOYEES. DONORS MAY DESIGNATE THEIR GIFT TO ANY EXISTING PROGRAM FUND OR CAN INITIATE A FUND IF CIRCUMSTANCES WARRANT. FUNDING FOR PROGRAM SUPPORT TYPICALLY COMES FROM DONOR DESIGNATIONS AS WELL AS GRANTS FROM FOUNDATIONS OR ORGANIZATIONS. APPROXIMATELY $159,980 WAS FUNDED TO THE COLLEGE PROGRAM AREAS IN THE 2022-2023 FISCAL YEAR.


ANNUALLY THE COLLEGE DETERMINES PRIVATE FUNDING PRIORITIES AND PRESENTS A REQUEST TO THE MHCCD FOUNDATION FINANCE COMMITTEE FOR RECOMMENDATION TO THE FOUNDATION BOARD FOR APPROVAL. TYPICALLY, THE COLLEGE PRESIDENT MAKES THE REQUEST. IN 2022-2023, THE FOUNDATION SUPPORTED THE COLLEGE WITH PAYMENTS OR TRANSFERS FROM THE BOARD DESIGNATED GENERAL FUND FOR THE FOLLOWING:DESCRIPTION AMOUNTDENTAL LAB REMODEL FOR ACCREDITATION $160,000MECHATRONICS BALANCE FOR EQUIPMENT PURCHASES $ 93,700 STAFF AWARDS $ 4,500 TOTAL $258,200


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Board, Officers & Key Employees

Name (title)Compensation
Warner E Allen
Board Member
$0
Sue O'halloran
Board Member
$0
Ken Cornelison
Board Member
$0
Mark Garber
Board Member
$0
Martin Hertrich
Board Member
$0
Stan Hymel
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$57,100
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$817,692
Noncash contributions included in lines 1a–1f $26,185
Total Revenue from Contributions, Gifts, Grants & Similar$874,792
Total Program Service Revenue$0
Investment income $216,384
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$4,333
Net Gain/Loss on Asset Sales -$49,191
Net Income from Fundraising Events $54,928
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,110,661

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