Mountain Empire Community College Foundation

Organization Overview

Mountain Empire Community College Foundation is located in Big Stone Gap, VA. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Mountain Empire 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 12/2023, Mountain Empire Community College Foundation generated $1.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE EDUCATIONAL ASSISTANCE TO INDIVIDUALS ATTENDING MOUNTAIN EMPIRE COMMUNITY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RECEIVING AND ALLOCATING SCHOLARSHIPS FOR THE BENEFIT OF MOUNTAIN EMPIRE COMMUNITY COLLEGE STUDENTS, AS WELL AS FUNDING PROFESSIONAL DEVELOPMENT FOR EMPLOYEES, FACULTY PROJECTS TO FOSTER STUDENT SUCCESS, CULTURAL EVENTS FOR STUDENTS AND THE COMMUNITY, AND PHYSICAL IMPROVEMENTS TO THE CAMPUS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $321,079
All other contributions, gifts, grants, and similar amounts not included above$688,216
Noncash contributions included in lines 1a–1f $6,354
Total Revenue from Contributions, Gifts, Grants & Similar$1,009,295
Total Program Service Revenue$0
Investment income $882,756
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $31,971
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,924,022

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