Meridian Community College Fdn
- Assets
- $21.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Meridian, MS
- Founding
- 03/1971
- Data as of
- 06/2022
- EIN
- 23-7086275
Organization Overview
Meridian Community College Fdn is located in Meridian, MS. The organization was established in 1971. 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. Meridian Community College Fdn 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, Meridian Community College Fdn generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Meridian Community College Fdn has awarded 49 individual grants totaling $4,826,301. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL ASSISTANCE TO STUDENTS THROUGH SCHOLARSHIPS AND ENHANCING PERFORMANCE OF FACULTY AND STAFF BY PROVIDING GRANTS FOR POST-GRADUATE STUDY AND CAREER IMPROVEMENTS. ADDITIONAL DETAIL ON SCH O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND AWARDS - AWARDED ON THE BASIS OF ACADEMIC PERFORMANCE, FINANCIAL NEED AND CAREER GOALS, TO TRADITIONAL AND NON-TRADITIONAL STUDENTS ENROLLED IN THE UNIVERSITY TRANSFER PROGRAM, 2 YEAR ASSOCIATE DEGREE PROGRAMS OR TECHNICAL PROGRAMS THAT PREPARE THE STUDENTS TO ENTER THE WORKFORCE UPON COMPLETION OF THEIR CLASSES.
FACULTY/STAFF PROGRAMS AND GRANTS - AWARDED FOR EDUCATIONAL TRAVEL, POST-GRADUATE STUDY AND CAREER IMPROVEMENTS. THESE ARE AWARDED TO FACULTY/STAFF OF MERIDIAN COMMUNITY COLLEGE.
EARLY CHILDHOOD PROGRAM - TRANSFER OF GRANT FUNDS SPECIFICALLY FOR THIS PROGRAM TO THE COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Jeffrey Smith President | OfficerTrustee | 1 | $0 |
Leia Hill Secretary | OfficerTrustee | 16 | $0 |
R Alan Lamar Treasurer | OfficerTrustee | 1 | $0 |
C D Smith Vice Pres | OfficerTrustee | 1 | $0 |
B B Archer Director | Trustee | 1 | $0 |
Ray Denton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,281,633 |
| Noncash contributions included in lines 1a–1f | $94,550 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,281,633 |
| Total Program Service Revenue | $0 |
| Investment income | $182,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $417 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,609,768 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,005,066 |
| Grants and other assistance to domestic individuals. | $79,645 |
| 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 | $8,533 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,625 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,600 |
| Office expenses | $1,168 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $143 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,900 |
| Interest | $8,078 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,579 |
| Insurance | $0 |
| All other expenses | $485 |
| Total functional expenses | $1,303,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $107,651 |
| Pledges and grants receivable | $947,855 |
| Accounts receivable, net | $11,228 |
| 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 | $120,064 |
| Net Land, buildings, and equipment | $676,822 |
| Investments—publicly traded securities | $19,392,530 |
| Investments—other securities | $0 |
| Investments—program-related | $234,043 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,490,193 |
| Accounts payable and accrued expenses | $63,666 |
| Grants payable | $0 |
| Deferred revenue | $160,842 |
| 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 | $26,440 |
| Total liabilities | $250,948 |
| Net assets without donor restrictions | $1,266,465 |
| Net assets with donor restrictions | $19,972,780 |
| 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 | $21,490,193 |
Grants Awarded
Over the last fiscal year, Meridian Community College Fdn has awarded $791,271 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MERIDIAN COMMUNITY COLLEGE PURPOSE: Scholarships | $525,362 |
MERIDIAN COMMUNITY COLLEGE PURPOSE: Donations to MCC | $67,315 |
MERIDIAN COMMUNITY COLLEGE PURPOSE: Various Sports Programs | $43,156 |
MERIDIAN COMMUNITY COLLEGE PURPOSE: Lifetime Quest Programs | $32,955 |
MERIDIAN COMMUNITY COLLEGE PURPOSE: Early Childhood Program | $30,000 |
MERIDIAN COMMUNITY COLLEGE PURPOSE: Womens Foundation of East MS | $27,093 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Meridian Community College Fdn has recieved totaling $731.
| Awarding Organization | Amount |
|---|---|
Naphcare Charitable Foundation Birmingham, AL PURPOSE: COLLEGE SCHOLARSHIP FOR ZORA PRATER | $731 |
Endowment Analysis
| Beg. Balance | $18,810,531 |
| Earnings | -$2,309,636 |
| Admin Expense | $43,267 |
| Net Contributions | $136,447 |
| Other Expense | $164,850 |
| Grants | $340,770 |
| Ending Balance | $16,088,455 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |
University Of Southern Mississippi Foundation Hattiesburg, MS | $151,472,857 | $19,113,544 |
Usmma Sailing Foundation Inc Spring Hill, TN | $32,552,654 | $5,996,554 |
Robert M Hearin Support Foundation Jackson, MS | $193,382,417 | $17,750,137 |
Middle Tennessee State University Foundation Murfreesboro, TN | $117,999,587 | $16,471,509 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |
University Of Chattanooga Foundation Inc Chattanooga, TN | $205,885,270 | $12,953,560 |
The Valley Foundation Huntsville, AL | $15,802,575 | $12,088,655 |
Jacksonville State University Foundation Jacksonville, AL | $99,989,549 | $15,547,897 |