Mclennan Community College Foundation

Organization Overview

Mclennan Community College Foundation is located in Waco, TX. The organization was established in 1990. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Mclennan 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 08/2023, Mclennan Community College Foundation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $908.5k during the year ending 08/2023. While expenses have increased by 1.8% per year over the past 8 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.

Since 2015, Mclennan Community College Foundation has awarded 26 individual grants totaling $4,225,828. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MCC FOUNDATION'S MISSION SUPPORTS THE DEVELOPMENT OF FUNDS FOR STUDENT SCHOLARSHIPS, STAFF AND FACULTY PROFESSIONAL DEVELOPMENT, CAMPUS CAPITAL PROJECTS AND STUDENT EMERGENCY NEEDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AWARDS SCHOLARSHIPS TO STUDENTS OF MCLENNAN COMMUNITY COLLEGE TO ENCOURAGE EDUCATIONAL OPPORTUNITIES. IN ADDITION, THE FOUNDATION PROVIDES EMERGENCY GRANTS TO STUDENTS OF MCLENNAN COMMUNITY COLLEGE WHO ENCOUNTER EXTRAORDINARY EVENTS THAT COULD NEGATIVELY AFFECT THEIR ABILITY TO CONTINUE THEIR COLLEGE EDUCATION. THE FOUNDATION ALSO SUPPORTS PAULANNE'S PANTRY TO PROVIDE BASIC FOOD AND HYGIENE ITEMS FOR STUDENTS EXPERIENCING ECONOMIC INSECURITIES.


FUNDS WERE DISTRIBUTED TO MCLENNAN COMMUNITY COLLEGE TO COVER $34,068 IN FACILITIES EXPENSE AND $68,987 IN VARIOUS COLLEGE PROGRAM EXPENSES.


GRANTS TO MCLENNAN COMMUNITY COLLEGE TO BE USED TO FUND PROFESSIONAL DEVELOPMENT CONFERENCES AND CONTINUING EDUCATION FOR FACULTY AND STAFF.


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Board, Officers & Key Employees

Name (title)Compensation
Betsy Reeder
Past Chair
$0
Vik Deivanayagam
Chair
$0
Mary Perez
Treasurer
$0
Dr Johnette Mckown
Secretary
$0
Bridget Heins
Director
$0
Dana Hassell
Vice-Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$36,793
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,861,851
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,898,644
Total Program Service Revenue$0
Investment income $541,944
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$14,747
Net Income from Fundraising Events -$6,247
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,419,594

Grants Awarded

Over the last fiscal year, Mclennan Community College Foundation has awarded $182,084 in support to 3 organizations.

Grant RecipientAmount

MCLENNAN COMMUNITY COLLEGE

PURPOSE: PROFESSIONAL DEVELOPMENT EXPENSES FOR CONFERENCES AND CONTINUING EDUCATION FOR FACULTY AND STAFF

$58,236

MCLENNAN COMMUNITY COLLEGE

PURPOSE: DISTRIBUTED FOR VARIOUS COLLEGE PROGRAM EXPENSES.

$89,780

MCLENNAN COMMUNITY COLLEGE

PURPOSE: DISTRIBUTIONS FOR FACILITIES EXPENSES FOR THE COLLEGE.

$34,068
View Grant Profile

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