County College Of Morris Foundation
- Assets
- $12.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Randolph, NJ
- Founding
- 10/1973
- Data as of
- 06/2021
- EIN
- 23-7200730
Organization Overview
County College Of Morris Foundation is located in Randolph, NJ. The organization was established in 1973. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. County College Of Morris 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 06/2021, County College Of Morris Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $940.6k during the year ending 06/2021. While expenses have increased by 12.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO RAISE AND MANAGE PHILANTHROPIC GIFTS FOR THE BENEFIT OF THE COLLEGE, ITS STUDENTS AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINI GRANTS TO FACULTY AND STUDENTS TO FUND RESEARCH AND EQUIPMENT AT CCM. SCHOLARSHIPS WERE AWARDED BASED UPON MERIT AND NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William K Mcelroy Chair | OfficerTrustee | 2 | $0 |
Eileen Paragano Secretary | OfficerTrustee | 2 | $0 |
John P Beyel ESQ Vice Chair | OfficerTrustee | 2 | $0 |
Katie Olsen Executive Director | OfficerTrustee | 40 | $0 |
Edward F Nelson Treasurer | OfficerTrustee | 2 | $0 |
Joseph G Bilotti Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,265 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,009,165 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,022,430 |
| Total Program Service Revenue | $0 |
| Investment income | $377,492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,399,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $622,297 |
| Grants and other assistance to domestic individuals. | $201,169 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Total functional expenses | $940,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,790 |
| Savings and temporary cash investments | $2,971,408 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $187,635 |
| 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 | $8,532,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,029,857 |
| Accounts payable and accrued expenses | $303,791 |
| 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 | $169,785 |
| Total liabilities | $473,576 |
| Net assets without donor restrictions | $2,183,518 |
| Net assets with donor restrictions | $9,372,763 |
| 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 | $12,029,857 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that County College Of Morris Foundation has recieved totaling $57,294.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $45,810 |
Troxel Family Foundation Inc New Providence, NJ PURPOSE: NURSING SCHOLARSHIPS | $10,000 |
Chubb Charitable Foundation Philadelphia, PA PURPOSE: MATCHING GIFTS | $1,000 |
Margetts Foundation Boca Grande, FL PURPOSE: EDUCATION | $350 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $134 |
Endowment Analysis
| Beg. Balance | $4,540,286 |
| Earnings | $1,000 |
| Net Contributions | $276,196 |
| Ending Balance | $4,817,482 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raritan Valley Community College Dir Of Budget & Finance Office Somerville, NJ | $103,363,745 | $84,313,623 |
Mount Aloysius College Cresson, PA | $187,396,444 | $41,178,883 |
Lackawanna College Scranton, PA | $71,721,039 | $37,550,402 |
Keystone College La Plume, PA | $35,973,065 | $32,307,027 |
Hilbert College Hamburg, NY | $32,366,281 | $25,027,344 |
Trocaire College Buffalo, NY | $48,308,094 | $27,715,968 |
Maria College Albany, NY | $31,705,663 | $17,053,225 |
Villa Maria College Of Buffalo Buffalo, NY | $9,472,664 | $15,072,401 |
Monroe Community College Assn Inc Rochester, NY | $45,662,437 | $9,260,852 |
Northampton County Area Community College Foundation Bethlehem, PA | $90,958,462 | $10,129,172 |
Rural Regional College Of Northern Pennsylvania Warren, PA | $5,615,741 | $6,853,923 |
Faculty Student Association Of Hudson Valley-Community College Troy, NY | $21,516,761 | $4,749,556 |