Foundation Of Monroe County Community Schools Inc
- Assets
- $2.6m
- Revenue
- $745.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Bloomington, IN
- Founding
- 08/1976
- Data as of
- 08/2023
- EIN
- 31-0889739
Organization Overview
Foundation Of Monroe County Community Schools Inc is located in Bloomington, IN. The organization was established in 1976. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2023, Foundation Of Monroe County Community Schools Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of Monroe County Community Schools 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 08/2023, Foundation Of Monroe County Community Schools Inc generated $745.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $514.1k during the year ending 08/2023. While expenses have increased by 8.3% per year over the past 8 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
THE FOUNDATION OF MONROE COUNTY COMMUNITY SCHOOLS (FMCCS) IS DEDICATED TO PROVIDING RESOURCES TO IMPROVE AND ENHANCE THE EDUCATIONAL OPPORTUNITIES AVAILABLE TO ALL MONROE COUNTY COMMUNITY SCHOOL CORPORATION (MCCSC) STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR, THE FOUNDATION SUPPORTED EDUCATIONAL INITIATIVES FOR SEVERAL SCHOOLS IN MONROE COUNTY.$18,350 WAS AWARDED IN SCHOLARSHIPS.$303,950 WAS AWARDED IN GRANTS TO SUPPORT EDUCATIONAL PROGRAMS.
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 |
|---|---|---|---|
Adam Gross Director | Trustee | 0.5 | $0 |
Cindy Vlasman Director | Trustee | 0.5 | $0 |
Derek Fullerton Director | Trustee | 0.5 | $0 |
Ellyn Sallee Director | Trustee | 0.5 | $0 |
Hector Barrera Director | Trustee | 0.5 | $0 |
Janet Stake Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $84,900 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $456,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $541,380 |
| Total Program Service Revenue | $28 |
| Investment income | $58,748 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$205 |
| Net Income from Fundraising Events | $145,796 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $745,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $303,950 |
| Grants and other assistance to domestic individuals. | $18,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,440 |
| Compensation of current officers, directors, key employees. | $17,088 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,694 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,912 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,860 |
| Fees for services: Other | $0 |
| Advertising and promotion | $124 |
| Office expenses | $5,392 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $334 |
| 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 | $1,934 |
| All other expenses | $974 |
| Total functional expenses | $514,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $692,626 |
| 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 | $0 |
| Investments—publicly traded securities | $1,874,223 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,566,849 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $82,877 |
| Deferred revenue | $19,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $41,277 |
| 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 | $0 |
| Total liabilities | $143,154 |
| Net assets without donor restrictions | $383,981 |
| Net assets with donor restrictions | $2,039,714 |
| 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 | $2,566,849 |
Grants Awarded
Over the last fiscal year, Foundation Of Monroe County Community Schools Inc has awarded $303,950 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONROE COUNTY COMMUNITY SCHOOL CORPORATION PURPOSE: EDUCATIONAL PROGRAMS AND RESOURCES THAT SUPPORT AND HELP INCREASE EDUCATIONAL ATTAINMENT FOR MCCSC STUDENTS. | $213,444 |
WONDERLAB-MUSEUM OF SCIENCE HEALTH & TECHNOLOGY INC PURPOSE: TO FURTHER THE PURPOSE OF THE ORGANIZATION'S MISSION STATEMENT | $90,506 |