Missouri Colleges Fund Inc
- Assets
- $76.6k
- Revenue
- $564.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Jefferson City, MO
- Founding
- 07/1954
- Data as of
- 12/2022
- EIN
- 43-0680952
Organization Overview
Missouri Colleges Fund Inc is located in Jefferson City, MO. The organization was established in 1954. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 12/2022, Missouri Colleges Fund Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missouri Colleges Fund 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, Missouri Colleges Fund Inc generated $564.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $570.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Missouri Colleges Fund Inc has awarded 139 individual grants totaling $3,446,707. 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
THE MISSION OF THE MISSOURI COLLEGES FUND IS TO ACQUIRE RESOURCES TO HELP EDUCATE STUDENTS IN OUR MEMBER INDEPENDENT FOUR YEAR LIBERAL-ARTS COLLEGES AND UNIVERSITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE MISSOURI COLLEGES FUND PROVIDED NEEDS-BASED FINANCIAL AID TO OVER 500 STUDENTS, PERMITTING THEM TO ATTEND AN INDEPENDENT COLLEGE OR UNIVERSITY IN MISSOURI WHERE THE STUDENTS MIGHT OTHERWISE NOT HAVE BEEN ABLE TO ENROLL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Stegeman President | OfficerTrustee | 40 | $101,063 |
Stephen S Adams III Board Member | Trustee | 1 | $0 |
Stephen Parshall Board Member | Trustee | 1 | $0 |
Dr Douglas Palmer Board Member | OfficerTrustee | 1 | $0 |
Dr David Russell Board Member | Trustee | 1 | $0 |
Stan Roux Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $357,023 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,023 |
| Total Program Service Revenue | $193,861 |
| Investment income | $3,033 |
| 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 | $564,046 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $366,437 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $113,929 |
| Compensation of current officers, directors, key employees. | $21,049 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,175 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,289 |
| Advertising and promotion | $0 |
| Office expenses | $14,472 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,012 |
| Travel | $3,471 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,277 |
| Interest | $0 |
| Payments to affiliates | $8,400 |
| Depreciation, depletion, and amortization | $231 |
| Insurance | $450 |
| All other expenses | $0 |
| Total functional expenses | $570,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,532 |
| Savings and temporary cash investments | $25,440 |
| 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 | $72 |
| Investments—publicly traded securities | $3,534 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $76,578 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $44,726 |
| Net assets with donor restrictions | $31,852 |
| 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 | $76,578 |
Grants Awarded
Over the last fiscal year, Missouri Colleges Fund Inc has awarded $366,398 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
AVILA UNIVERSITY PURPOSE: NEED BASED FINANCIAL AID | $22,028 |
CENTRAL METHODIST UNIVERSITY PURPOSE: NEED BASED FINANCIAL AID | $20,628 |
COLUMBIA COLLEGE PURPOSE: NEED BASED FINANCIAL AID | $18,145 |
COTTEY COLLEGE PURPOSE: NEED BASED FINANCIAL AID | $18,185 |
CULVER-STOCKTON COLLEGE PURPOSE: NEED BASED FINANCIAL AID | $18,185 |
DRURY UNIVERSITY PURPOSE: NEED BASED FINANCIAL AID | $19,378 |