Midland College Foundation Inc

Organization Overview

Midland College Foundation Inc is located in Midland, TX. The organization was established in 1973. 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. Midland 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 12/2022, Midland College Foundation Inc generated $33.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 42.6% each year . All expenses for the organization totaled $16.7m during the year ending 12/2022. While expenses have increased by 46.2% per year over the past 5 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

MIDLAND COLLEGE FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE SUPPORT FOR THE EDUCATIONAL GOALS OF MIDLAND COLLEGE AND ITS STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENTS MADE TO MIDLAND COLLEGE FOR THE OPERATING BUDGET AND FUND MIDLAND COLLEGE SCHOLARSHIPS


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Board, Officers & Key Employees

Name (title)Compensation
Travis Stice
Director
$0
Cadell Liedtke
President
$0
Richard Coats
Treasurer
$0
Linda Cowden
Secretary
$0
Bj Beal
Director
$0
Jack Blake Jr
Director
$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$29,723,820
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$29,723,820
Total Program Service Revenue$0
Investment income $1,956,536
Tax Exempt Bond Proceeds $0
Royalties $1,323,398
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 $33,003,754

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