Mississippi Delta Community College Development Foundation Inc
- Assets
- $3.4m
- Revenue
- $485.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Moorhead, MS
- Founding
- 08/1991
- Data as of
- 06/2021
- EIN
- 64-0776389
Organization Overview
Mississippi Delta Community College Development Foundation Inc is located in Moorhead, MS. The organization was established in 1991. 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. Mississippi Delta Community College Development Foundation 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 06/2021, Mississippi Delta Community College Development Foundation Inc generated $485.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $224.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 6 years. 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
TO RAISE FUNDS TO SUPPORT THE MISSION OF MISSISSIPPI DELTA COMMUNITY COLLEGE PRIMARILY THROUGH STUDENT SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SUPPORT AND SCHOLARSHIPS: SCHOLARSHIPS ARE GRANTED PER VARIOUS SCHOLARSHIP GUIDELINES ADMINISTERED BY THE ORGANIZATION IN CONJUNCTION WITH APPLICABLE DEPARTMENTS AND PROGRAMS AT MISSISSIPPI DELTA COMMUNITY COLLEGE. FOR THE 2020-2021 ACADEMIC YEAR, THE FOUNDATION PROVIDED SCHOLARSHIPS TO QUALIFYING STUDENTS AT MISSISSIPPI DELTA COMMUNITY COLLEGE. IN ADDITION, THE FOUNDATION'S BOOK LOAN PROGRAM ASSISTED STUDENTS BY LOANING BOOKS AND LEARNING MATERIALS TO THOSE WHO MET CERTAIN QUALIFICATIONS. FURTHERMORE, THE MDCC FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO STUDENTS WHO MIGHT OTHERWISE NOT BE ABLE TO CONTINUE THEIR EDUCATION BECAUSE OF EMERGENCY SITUATIONS OR UNFORSEEN CIRCUMSTANCES.
COLLEGE ATHLETICS: FUNDS WERE PROVIDED TO SUPPORT THE VARIOUS ATHLETIC PROGRAMS OF THE COLLEGE IN AN EFFORT TO PROVIDE A FIRST CLASS EXPERIENCE FOR DESERVING STUDENT ATHLETES, BOTH ACADEMICALLY AND ATHLETICALLY. FUNDS WERE ALLOCATED FOR STUDENT AWARDS, SUPPLIES, FACILITIES AND EQUIPMENT ACROSS VARIOUS SPORTS WITH A CONCENTRATION IN THE COLLEGE BASEBALL PROGRAM.
COLLEGE PROMOTIONS: FUNDS WERE PROVIDED TO SUPPORT THE RECRUITING PROGRAMS OF THE COLLEGE IN AN EFFORT TO INCREASE THE STUDENT BODY BY FUNDING EVENTS THAT SHOWCASE THE MANY OPPORTUNITIES FOR ENHANCING CAREERS AVAILABLE AT THE COLLEGE.
ALUMNI SUPPORT: MOST ALUMNI ACTIVITIES AND EVENTS INCLUDING MEETINGS AND REUNIONS WERE SUSPENDED DURING THE YEAR DUE TO COVID-19. FUNDS WERE PROVIDED FOR CONTINUED ALUMNI SUPPORT AND CONNECTIONS THROUGH MEANS OTHER THAN FACE TO FACE EVENTS.INSTRUCTIONAL SUPPORT: FUNDS WERE PROVIDED TO ENRICH AND SUPPORT THE COLLEGE'S INSTRUCTIONAL EFFORTS. INSTRUCTIONAL SUPPORT EXPENSES INCLUDED SUPPORT FOR THE AGRICULTURAL EDUCATION PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Aycock Executive Director | OfficerTrustee | 1 | $0 |
Randy Randall President | OfficerTrustee | 1 | $0 |
Frank Dantone Vice President | OfficerTrustee | 1 | $0 |
Doug Russell Secretary - Treasurer | OfficerTrustee | 1 | $0 |
Tom Gresham Director | Trustee | 1 | $0 |
Billy Garrard Director | Trustee | 1 | $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 | $355,421 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $355,421 |
| Total Program Service Revenue | $0 |
| Investment income | $89,652 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $485,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $11,587 |
| Fees for services: Other | $13,299 |
| Advertising and promotion | $0 |
| Office expenses | $2,540 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $356 |
| 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 | $1,891 |
| Insurance | $3,253 |
| All other expenses | $3,698 |
| Total functional expenses | $224,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $513,166 |
| Pledges and grants receivable | $125,058 |
| 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 | $1,891 |
| Investments—publicly traded securities | $2,805,569 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,445,684 |
| Accounts payable and accrued expenses | $8,323 |
| 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 | $8,323 |
| Net assets without donor restrictions | $1,479,770 |
| Net assets with donor restrictions | $1,957,591 |
| 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 | $3,445,684 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mississippi Delta Community College Development Foundation Inc has recieved totaling $18,750.
| Awarding Organization | Amount |
|---|---|
2nd Chance Ms Inc Oxford, MS PURPOSE: TO PROVIDE SUPPORT FOR TUITION/GAS/ETC TO STUDENTS OF ACCELERATED PROGRAMS | $18,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Martin Methodist College Pulaski, TN | $36,451,504 | $26,683,667 |
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 |