Mt Hood Community College District Foundation Inc
- Assets
- $10.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Gresham, OR
- Founding
- 04/1970
- Data as of
- 06/2023
- EIN
- 23-7061622
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.
Form
990
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warner E Allen Board Member | Trustee | 1 | $0 |
Sue O'halloran Board Member | Trustee | 1 | $0 |
Ken Cornelison Board Member | Trustee | 1 | $0 |
Mark Garber Board Member | Trustee | 1 | $0 |
Martin Hertrich Board Member | Trustee | 1 | $0 |
Stan Hymel Treasurer | OfficerTrustee | 2 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $418,180 |
| Grants and other assistance to domestic individuals. | $508,720 |
| 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 | $12,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $235,740 |
| Advertising and promotion | $0 |
| Office expenses | $55,449 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,240 |
| 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 | $42,504 |
| Insurance | $20,375 |
| All other expenses | $7,036 |
| Total functional expenses | $1,503,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,107 |
| Savings and temporary cash investments | $421,031 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,104,125 |
| Investments—publicly traded securities | $8,181,271 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,939,534 |
| Accounts payable and accrued expenses | $0 |
| 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 | $61,739 |
| Total liabilities | $61,739 |
| Net assets without donor restrictions | $4,541,227 |
| Net assets with donor restrictions | $6,336,568 |
| 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 | $10,939,534 |