The Metropolitan Community College Foundation
- Assets
- $16.7m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 08/1976
- Data as of
- 06/2022
- EIN
- 51-0181875
Organization Overview
The Metropolitan Community College Foundation, operating under the name Metropolitan Community College Foundation, is located in Kansas City, MO. The organization was established in 1976. 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 $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $5.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS THE MISSION OF THE JUNIOR COLLEGE DISTRICT OF METROPOLITAN KANSAS CITY, MISSOURI DBA THE METROPOLITAN COMMUNITY COLLEGE, KANSAS CITY (MCC)(SEE SCHEDULE O)
Describe the Organization's Program Activity:
SEE SCHEDULE O.
SCHOLARSHIPS ARE THE SIGNATURE PROGRAM OF THE MCC FOUNDATION PROVIDING FINANCIAL SUPPORT FOR TUITION AND ACADEMIC COACHING FOR STUDENTS WITH FINANCIAL NEED. OVER 50% OF MCC STUDENTS REQUIRE ASSISTANCE IN ORDER TO REALIZE THEIR DREAMS OF ACHIEVING A HIGHER EDUCATION. MANY STUDENTS RECEIVING FOUNDATION SCHOLARSHIPS ARE THE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE AND THE SCHOLARSHIPS HAVE CHANGED THE LIVES OF RECIPIENTS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bret Bonge Director/vice Chair | OfficerTrustee | 3 | $0 |
Rafael Garcia Director/secretary | OfficerTrustee | 3 | $0 |
Marquita Miller Director/treasurer | OfficerTrustee | 3 | $0 |
Matt Johnson Director/chair | OfficerTrustee | 3 | $0 |
Michael Roane Director/member At Large | OfficerTrustee | 3 | $0 |
Beth Soukup Director/member At Large | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $259,456 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,536,769 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,796,225 |
| Total Program Service Revenue | $0 |
| Investment income | $428,351 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $281,637 |
| Net Income from Fundraising Events | -$100,736 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,405,477 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,762,161 |
| Grants and other assistance to domestic individuals. | $752,389 |
| 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 | $72,656 |
| Fees for services: Investment Management | $73,473 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,030 |
| Office expenses | $116,147 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,484 |
| 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 | $5,876,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $887,178 |
| Savings and temporary cash investments | $330,430 |
| Pledges and grants receivable | $1,044,390 |
| Accounts receivable, net | $20,011 |
| 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 | $14,381,230 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,663,239 |
| Accounts payable and accrued expenses | $996 |
| Grants payable | $0 |
| Deferred revenue | $205,563 |
| 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 | $334,968 |
| Total liabilities | $541,527 |
| Net assets without donor restrictions | $4,537,356 |
| Net assets with donor restrictions | $11,584,356 |
| 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 | $16,663,239 |
Grants Awarded
Over the last fiscal year, The Metropolitan Community College Foundation has awarded $1,147,011 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JR COLLEGE DIST OF METRO KCMO DBA MCC PURPOSE: Penn Valley Student Success Center | $950,166 |
JR COLLEGE DIST OF METRO KCMO DBA MCC PURPOSE: SUPPORTING PROGRAMS | $196,845 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that The Metropolitan Community College Foundation has recieved totaling $6,439,943.
| Awarding Organization | Amount |
|---|---|
Sunderland Foundation Overland Park, KS PURPOSE: FACILITY RENOVATION AND NREW CONSTRUCTION PROJECTS | $2,500,000 |
Sunderland Foundation Overland Park, KS PURPOSE: VARIOUS PROJECTS | $2,500,000 |
Sherman Family Foundation Mission Woods, KS PURPOSE: TO SUPPORT THE COLLEGE ACCELERATION PROGRAM. | $303,000 |
Edward F Swinney Nect Dallas, TX PURPOSE: THE ADVANCED TECHNICAL | $300,000 |
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT THE LAUNCH OF PROGRAMMING THAT PROVIDES STUDENTS IN THE KANSAS CITY REGION WITH MORE OPPORTUNITIES TO GAIN COLLEGE CREDIT AND JOB READINESS WHILE IN HIGH SCHOOL. 202102-9979 | $250,000 |
Marion And Henry Bloch Family Foundation Kansas City, MO PURPOSE: THE PATH FORWARD CAMPAIGN | $150,000 |
Endowment Analysis
| Beg. Balance | $10,412,837 |
| Earnings | -$1,401,350 |
| Net Contributions | $261,064 |
| Other Expense | $313,655 |
| Ending Balance | $8,958,896 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Augustine College Chicago, IL | $15,853,961 | $18,146,895 |
Pierce Mortuary Colleges Inc Broadview, IL | $14,603,316 | $16,634,477 |
Metropolitan Community College Foundation Omaha, NE | $18,326,887 | $11,124,448 |
Bacone Baptist Church Muskogee, OK | $8,262,001 | $7,873,102 |
Tulsa Community College Foundation Tulsa, OK | $22,351,433 | $4,013,088 |
Shorter College North Little Rock, AR | $8,338,765 | $8,311,177 |
Central Community College Foundation Inc Hastings, NE | $18,731,696 | $3,222,811 |
The Metropolitan Community College Foundation Kansas City, MO | $16,663,239 | $3,405,477 |
Southeast Community College Educational Fdn Lincoln, NE | $34,869,920 | $7,534,713 |
Pellissippi State Community College Foundation Knoxville, TN | $20,765,427 | $1,042,268 |
Westside Community Schools Foundation Inc Omaha, NE | $4,889,901 | $5,389,514 |
Kirkwood Community College Foundation Cedar Rapids, IA | $43,540,342 | $11,748,704 |