Metropolitan Community College Foundation
- Assets
- $18.3m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 11/1977
- Data as of
- 06/2022
- EIN
- 47-0596504
Organization Overview
Metropolitan Community College Foundation is located in Omaha, NE. The organization was established in 1977. 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. Metropolitan Community College 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 06/2022, Metropolitan Community College Foundation generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $11.5m during the year ending 06/2022. While expenses have increased by 3.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MCCF SUPPORTS MCC'S MISSION THROUGH COMMUNITY AWARENESS AND PROVIDING GIVING OPPORTUNITIES THAT SUPPORT FACULTY PROGRAM, WHILE OFFERING STUDENT SCHOLARSHIPS AND EMERGENCY AID TO PROMOTE SUCCESSFUL COMPLETION OF THEIR EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT AND COLLEGE SUPPORT PROVIDED BY SCHOLARSHIPS AND OTHER SUPPORT FOR STUDENTS AND EQUIPMENT, ACADEMIC PROGRAM AND STUDENT SUPPORT PROVIDED BY SCHOLARSHIPS AND OTHER SUPPORT SUCH AS COACHING AND CAREER NAVIGATING. TOOLS AND EQUIPMENT USED FOR LEARNING. COLLEGE PROGRAM SUPPORT TO ENSURE QUALITY CONTINUOUS LEARNING OPPORTUNITIES.
PROVIDE IN-KIND DONATIONS. THE MCC FOUNDATION CONTRIBUTES NON-CASH GIFTS IT RECEIVES TO METROPOLITAN COMMUNITY COLLEGE FOR DEPARTMENTAL, PROGRAM AND GENERAL USE. FOR EXAMPLE, DONATIONS OF CAREER EDUCATION EQUIPMENT OFFER STUDENTS WORKFORCE-RELEVANT HANDS-ON EDUCATIONAL OPPORTUNITIES TO PREPARE THEM FOR HIGH-DEMAND OCCUPATIONS AFTER GRADUATION.
CAPITAL CONSTRUCTION SUPPORT FOR THE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Bartee President (since January 2021) | OfficerTrustee | 2 | $0 |
Gerry Tomka Vice President (since January 2021) | OfficerTrustee | 1 | $0 |
Kurt Meisinger Treasurer (since January 2021) | OfficerTrustee | 1 | $0 |
Nick Jensen Secretary (since 1/1/2022) | OfficerTrustee | 1 | $0 |
Carol Russell Secretary ( To 12/31/2021) | OfficerTrustee | 1 | $0 |
Hina Agarwal Director | Trustee | 0.5 | $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 | $10,784,855 |
| Noncash contributions included in lines 1a–1f | $178,957 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,784,855 |
| Total Program Service Revenue | $0 |
| Investment income | $339,593 |
| 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 | $11,124,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,457,952 |
| 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. | $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 | $11,496,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,678,711 |
| Pledges and grants receivable | $5,932,118 |
| 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 | $5,642,305 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,753 |
| Total assets | $18,326,887 |
| Accounts payable and accrued expenses | $1,204,683 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $68,728 |
| 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 | $1,273,411 |
| Net assets without donor restrictions | $618,571 |
| Net assets with donor restrictions | $16,434,905 |
| 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 | $18,326,887 |