Mississippi Delta Community College Development Foundation Inc
- Assets
- $3.1m
- Revenue
- $773.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Moorhead, MS
- Founding
- 08/1991
- Data as of
- 06/2022
- 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 06/2022, Mississippi Delta Community College Development Foundation Inc generated $773.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $387.5k during the year ending 06/2022. While expenses have increased by 9.9% per year over the past 6 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
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 2021-2022 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.
ALUMNI SUPPORT: FUNDED SUPPORT FOR ALUMNI ACTIVITIES AND EVENTS INCLUDING MEETINGS AND REUNIONS. INSTRUCTIONAL SUPPORT: FUNDS WERE PROVIDED TO ENRICH AND SUPPORT THE COLLEGE'S INSTRUCTIONAL EFFORTS.
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.
COLLEGE PROMOTIONS: FUNDS WERE PROVIDED TO SUPPORT THE RECRUITING PROGRAMS OF THE COLLEGE IN AN EFFORT TO INCREASE THE SIZE OF THE STUDENT BODY BY FUNDING EVENTS THAT SHOWCASE THE MANY OPPORTUNITIES FOR ENHANCING CAREERS AVAILABLE AT THE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Gresham Director | Trustee | 1 | $0 |
Billy Garrard Director | Trustee | 1 | $0 |
Turner Arant Director | Trustee | 1 | $0 |
Jim Aycock Executive Director | OfficerTrustee | 1 | $0 |
Randy Randall President | OfficerTrustee | 1 | $0 |
Frank Dantone Vice President | OfficerTrustee | 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 | $441,628 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $441,628 |
| Total Program Service Revenue | $0 |
| Investment income | $115,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $216,684 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $773,511 |
| 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 | $30,333 |
| 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 | $14,565 |
| Fees for services: Other | $14,227 |
| Advertising and promotion | $0 |
| Office expenses | $1,654 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,177 |
| 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 | $3,421 |
| All other expenses | $3,597 |
| Total functional expenses | $387,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $584,166 |
| Pledges and grants receivable | $74,322 |
| 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 | $2,485,323 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,143,811 |
| Accounts payable and accrued expenses | $10,160 |
| 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 | $10,160 |
| Net assets without donor restrictions | $1,287,958 |
| Net assets with donor restrictions | $1,845,693 |
| 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 | $3,143,811 |