Northwest Mississippi Community College Foundation
- Assets
- $17.3m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Senatobia, MS
- Founding
- 12/1978
- Data as of
- 12/2021
- EIN
- 51-0161757
Organization Overview
Northwest Mississippi Community College Foundation is located in Senatobia, MS. The organization was established in 1978. 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. Northwest Mississippi 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 12/2021, Northwest Mississippi Community College Foundation generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 8.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NORTHWEST MISSISSIPPI COMMUNITY COLLEGE FOUNDATION (THE FOUNDATION), IS A NON-PROFIT ORGANIZATION LOCATED ON THE NORTHWEST MISSISSIPPI COMMUNITY COLLEGE'S (NWCC) CAMPUS. THE FOUNDATION'S PURPOSE IS TO RAISE FUNDS TO ASSIST NWCC IS PERFORMING ITS MISSION AND TO PROVIDE SCHOLARSHIPS FOR QUALIFYING STUDENTS OF NORTHWEST MISSISSIPPI COMMUNITY COLLEGE. THE FOUNDATION IS A COMPONENT UNIT OF NWCC. THE FOUNDATION RAISES FUNDS BY SEEKING DONATIONS AND SPONSORING FUND-RAISING EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED TO STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Doddridge President | OfficerTrustee | $0 | |
Michael J Heindl Secretary | OfficerTrustee | $0 | |
Gary Kornegay Treasurer | OfficerTrustee | $0 | |
Steven Farese Sr Secretary | OfficerTrustee | $0 | |
Sterling Wither Vice Preside | OfficerTrustee | $0 | |
Marty Allison Director | Trustee | $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 | $3,095,737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,095,737 |
| Total Program Service Revenue | $0 |
| Investment income | $934,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $53,240 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,433,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $725,178 |
| 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 | $241,919 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $115,783 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $62,832 |
| Information technology | $450 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $130 |
| 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 | $1,522 |
| All other expenses | $0 |
| Total functional expenses | $1,191,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $969,161 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,607,667 |
| 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 | $14,739,268 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,316,096 |
| 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 | $17,316,096 |
| Net assets with donor restrictions | $0 |
| 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 | $17,316,096 |
Grants Awarded
Over the last fiscal year, Northwest Mississippi Community College Foundation has awarded $821,630 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWEST MS COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $470,258 |
NORTHWEST MS COMMUNITY COLLEGE PURPOSE: EDUCATION SUPPLIES A | $351,372 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Northwest Mississippi Community College Foundation has recieved totaling $53,670.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,000 |
Community Foundation Of Northwest Mississippi Inc Hernando, MS PURPOSE: EDUCATION | $13,850 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $13,315 |
Dollar General Literacy Foundation Goodlettsville, TN PURPOSE: ADULT LITERACY | $7,000 |
Goldring Family Foundation Metairie, LA PURPOSE: SCHOLARSHIPS | $3,000 |
Organization Name not Listed PURPOSE: TO FUND SCHOLARSHIPS | | $1,500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shorter College North Little Rock, AR | $8,338,765 | $8,311,177 |
Pellissippi State Community College Foundation Knoxville, TN | $20,765,427 | $1,042,268 |
Crowleys Ridge College Paragould, AR | $5,358,943 | $3,865,992 |
Walters State Community College Foundation Morristown, TN | $27,157,062 | $3,646,836 |
Northwest Arkansas Community College Foundation Inc Bentonville, AR | $44,091,991 | $5,872,868 |
Aquinas College Nashville, TN | $18,354,777 | $2,556,785 |
Arkansas Community Colleges Foundation Little Rock, AR | $1,653,213 | $1,652,722 |
John A Gupton College Nashville, TN | $6,054,249 | $2,115,148 |
The Mississippi Gulf Coast Community College Foundation Inc Perkinston, MS | $19,150,003 | $1,996,838 |
Roane State Community College Foundation Harriman, TN | $19,542,294 | $4,932,388 |
Northwest Mississippi Community College Foundation Senatobia, MS | $17,316,096 | $4,433,918 |
Northeast State Technical Community College Foundation Blountville, TN | $16,854,073 | $894,406 |