MIDLANDS TECHNICAL COLLEGE FOUNDATION INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
MIDLANDS TECHNICAL COLLEGE FOUNDATION INC (EIN 23-7085753)
Tax period
2021-07-01 to 2022-06-30
Filed
2022-10-24
IRS object ID
202202979349301245
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-10-24T14:16:47-04:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN464116137PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1THE BRITTINGHAM GROUP LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 5949AddressLine1Txt
CityWEST COLUMBIACityNm
State AbbreviationSCStateAbbreviationCd
ZIP291715949ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237085753EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MIDLANDS TECHNICAL COLLEGEBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMIDLBusinessNameControlTxt
Phone8037325355PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1POST OFFICE BOX 2408AddressLine1Txt
CityCOLUMBIACityNm
State AbbreviationSCStateAbbreviationCd
ZIP29202ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNANCY L MCKINNEYPersonNm
Person TitleCEOPersonTitleTxt
Phone8038223269PhoneNum
Signature2022-10-11SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstNANCYPersonFirstNm
Person LastMCKINNEYPersonLastNm
FieldValueIRS element (for citing)
SSN000990000SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHARRY D DELOACHPreparerPersonNm
PTINP00592698PTIN
Phone8037393090PhoneNum
Preparation2022-10-11PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerNANCY L MCKINNEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1POST OFFICE BOX 2408AddressLine1Txt
CityCOLUMBIACityNm
State AbbreviationSCStateAbbreviationCd
ZIP29202ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,583,356GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MIDLANDSTECH.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1970FormationYr
Legal Domicile StateSCLegalDomicileStateCd
Activity Or MissionTO BUILD MEANINGFUL RELATIONSHIPS WITH DONORS THAT LEAD TO GIFTS THAT SUPPORT THE MISSION OF MIDLANDS TECHNICAL COLLEGE TO PREPARE STUDENTS FOR SUCCESS IN THE WORKFORCE.ActivityOrMissionDesc
Voting Members Governing Body16VotingMembersGoverningBodyCnt
Voting Members Independent16VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers15TotalVolunteersCnt
Total Gross UBI$1TotalGrossUBIAmt
PY Contributions Grants$1,656,411PYContributionsGrantsAmt
CY Contributions Grants$1,842,682CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$739,002PYInvestmentIncomeAmt
CY Investment Income$692,507CYInvestmentIncomeAmt
CY Other Revenue$78,622CYOtherRevenueAmt
PY Total Revenue$2,395,413PYTotalRevenueAmt
CY Total Revenue$2,613,811CYTotalRevenueAmt
PY Grants And Similar Paid$475,994PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$456,231CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$290,670PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$294,194CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$125,609CYTotalFundraisingExpenseAmt
PY Other Expenses$355,168PYOtherExpensesAmt
CY Other Expenses$619,934CYOtherExpensesAmt
PY Total Expenses$1,121,832PYTotalExpensesAmt
CY Total Expenses$1,370,359CYTotalExpensesAmt
PY Revenues Less Expenses$1,273,581PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,243,452CYRevenuesLessExpensesAmt
Total Assets BOY$15,711,907TotalAssetsBOYAmt
Total Assets EOY$15,088,733TotalAssetsEOYAmt
Total Liabilities BOY$55,535TotalLiabilitiesBOYAmt
Total Liabilities EOY$176,675TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$15,656,372NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$14,912,058NetAssetsOrFundBalancesEOYAmt
MissionTO BUILD MEANINGFUL RELATIONSHIPS WITH DONORS THAT LEAD TO GIFTS THAT SUPPORT THE MISSION OF MIDLANDS TECHNICAL COLLEGE TO PREPARE STUDENTS FOR SUCCESS IN THE WORKFORCE.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$448,345ExpenseAmt
Grant$448,345GrantAmt
DescPROVISION OF SCHOLARSHIPS WHICH ASSIST STUDENTS WITH NEEDED FUNDS TO DEFRAY THE COST OF TUITION AT MIDLANDS TECHNICAL COLLEGE, NONE GREATER THAN 4,000.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$658,733ExpenseAmt
Grant$7,886GrantAmt
DescENHANCEMENTS IN SUPPORT OF MIDLANDS TECHNICAL COLLEGE PROGRAMSDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$1,107,078TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document41IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members16GoverningBodyVotingMembersCnt
Independent Voting Member16IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSHEILA SMITHPersonNm
Phone8038223269PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1POST OFFICE BOX 2408AddressLine1Txt
CityCOLUMBIACityNm
State AbbreviationSCStateAbbreviationCd
ZIP29202ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DR RONALD L RHAMES
EX OFFICIO1.00Yes (X)Yes (X)$107,870$176,072$0
JAMES L BRAUN
CHAIR1.00Yes (X)Yes (X)$0$0$0
CHRISTIAN STORMER CPA
TREASURER2.00Yes (X)Yes (X)$0$0$0
DAVID E DUBBERLY
TRUSTEE1.00Yes (X)$0$0$0
JUDGE TOMOTHY C EDMOND
TRUSTEE1.00Yes (X)Yes (X)$0$0$0
KRISTI EIDSON
TRUSTEE1.00Yes (X)$0$0$0
CAROLYN R EWING-TURNER
SECRETARY1.00Yes (X)Yes (X)$0$0$0
JOHN GOFF
TRUSTEE1.00Yes (X)$0$0$0
WILLIS LANGLEY III
TRUSTEE1.00Yes (X)$0$0$0
WALTER J JOHNSON
TRUSTEE1.00Yes (X)$0$0$0
SOLOMON JACKSON JR
TRUSTEE1.00Yes (X)$0$0$0
LASENTA LEWIS-ELLIS
TRUSTEE1.00Yes (X)$0$0$0
NANCY L MCKINNEY
CEO40.00Yes (X)Yes (X)$0$0$0
JAMES D REYNOLDS
TRUSTEE EMER1.00Yes (X)$0$0$0
VAUGHN K REYNOLDS
TRUSTEE1.00Yes (X)$0$0$0
THOMAS E PERSONS SR
TRUSTEE EMER1.00Yes (X)$0$0$0
DEBBIE WALKER
EX OFFICIO1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$107,870TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$176,072TotReportableCompRltdOrgAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$12,225GovernmentGrantsAmt
All Other Contributions$1,830,457AllOtherContributionsAmt
Noncash Contributions$151,182NoncashContributionsAmt
Total Contributions$1,842,682TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$341,231TotalRevenueColumnAmt
Exclusion$341,231ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$4,292,497SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$3,941,221SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$351,276SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$351,276TotalRevenueColumnAmt
Related Or Exempt Func Income$351,276RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$106,945FundraisingGrossIncomeAmt
Fundraising Direct Expenses$28,324FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$78,621TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER REVENUEDesc
Business561499BusinessCd
Total Revenue Column$1TotalRevenueColumnAmt
Unrelated Business Revenue$1UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Other Revenue Total$1OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,613,811TotalRevenueColumnAmt
Related Or Exempt Func Income$351,276RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$1UnrelatedBusinessRevenueAmt
Exclusion$341,231ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$456,231TotalAmt
Program Services$456,231ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$107,870TotalAmt
Program Services$107,870ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$186,324TotalAmt
Program Services$64,666ProgramServicesAmt
Fundraising$121,658FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$3,000TotalAmt
Management And General$3,000ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$2,900TotalAmt
Management And General$2,900ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$59,520TotalAmt
Program Services$59,520ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$98,708TotalAmt
Management And General$98,708ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$154,770TotalAmt
Program Services$141,700ProgramServicesAmt
Management And General$9,221ManagementAndGeneralAmt
Fundraising$3,849FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$10,051TotalAmt
Program Services$10,000ProgramServicesAmt
Fundraising$51FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$35,145TotalAmt
Program Services$24,332ProgramServicesAmt
Management And General$10,762ManagementAndGeneralAmt
Fundraising$51FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$811TotalAmt
Management And General$811ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,138TotalAmt
Management And General$2,138ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
IN KIND GIFTS$151,182$151,182
PROFESSIONAL DEVELOPMENT$64,105$64,105
CURRICULUM DEVELOPMENT$21,784$21,784
DUES AND MEMBERSHIPS$5,167$5,167

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$10,653TotalAmt
Program Services$5,688ProgramServicesAmt
Management And General$4,965ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,370,359TotalAmt
Program Services$1,107,078ProgramServicesAmt
Management And General$137,672ManagementAndGeneralAmt
Fundraising$125,609FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$178,095BOYAmt
EOY$630,509EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$248,378BOYAmt
EOY$133,766EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$32,409BOYAmt
EOY$26,942EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$5,000LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$5,000BOYAmt
EOY$5,000EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$15,248,025BOYAmt
EOY$14,292,516EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$15,711,907BOYAmt
EOY$15,088,733EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$55,535BOYAmt
EOY$176,675EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$55,535BOYAmt
EOY$176,675EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,371,224BOYAmt
EOY$821,078EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$14,285,148BOYAmt
EOY$14,090,980EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,656,372BOYAmt
EOY$14,912,058EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,711,907BOYAmt
EOY$15,088,733EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$1,243,452ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$1,987,766NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,290,385CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,316,739CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$815,608CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,656,411CurrentTaxYearMinus1YearAmt
Current Tax Year$1,842,682CurrentTaxYearAmt
Total$6,921,825TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,290,385CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,316,739CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$815,608CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,656,411CurrentTaxYearMinus1YearAmt
Current Tax Year$1,842,682CurrentTaxYearAmt
Total$6,921,825TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,393,329SubstantialContributorsTotAmt
Public Support Total170$4,528,496PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$201,740CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$241,385CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$285,881CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$264,066CurrentTaxYearMinus1YearAmt
Current Tax Year$341,232CurrentTaxYearAmt
Total$1,334,304TotalAmt
FieldValueIRS element (for citing)
Total Support$8,256,129TotalSupportAmt
Gross Receipts Rltd Activities$106,945GrossReceiptsRltdActivitiesAmt
Public Support CY1700.54850PublicSupportCY170Pct
Public Support PY1700.51810PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

Total Direct Lobbying TotalDirectLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$59,520FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$59,520FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$1,339,163FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$1,398,683FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Filing Organizations Total$214,868FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Filing Organizations Total$53,717FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Current Year Minus3$168,742CurrentYearMinus3Amt
Current Year Minus2$180,053CurrentYearMinus2Amt
Current Year Minus1$187,183CurrentYearMinus1Amt
Current Year$214,868CurrentYearAmt
Total$750,846TotalAmt
FieldValueIRS element (for citing)
Lobbying Ceiling$1,126,269LobbyingCeilingAmt

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Current Year Minus3$40,208CurrentYearMinus3Amt
Current Year Minus2$44,312CurrentYearMinus2Amt
Current Year Minus1$59,936CurrentYearMinus1Amt
Current Year$59,520CurrentYearAmt
Total$203,976TotalAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Current Year Minus3$42,186CurrentYearMinus3Amt
Current Year Minus2$45,013CurrentYearMinus2Amt
Current Year Minus1$46,796CurrentYearMinus1Amt
Current Year$53,717CurrentYearAmt
Total$187,712TotalAmt
FieldValueIRS element (for citing)
Grassroots Ceiling$281,568GrassrootsCeilingAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$11,680,405BeginningYearBalanceAmt
Contributions$824,030ContributionsAmt
Investment Earnings Or Losses-$1,005,141InvestmentEarningsOrLossesAmt
Other Expenditures$137,972OtherExpendituresAmt
End Year Balance$11,361,322EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$9,572,924BeginningYearBalanceAmt
Contributions$769,027ContributionsAmt
Investment Earnings Or Losses$1,930,557InvestmentEarningsOrLossesAmt
Other Expenditures$592,103OtherExpendituresAmt
End Year Balance$11,680,405EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$9,520,400BeginningYearBalanceAmt
Contributions$190,225ContributionsAmt
Investment Earnings Or Losses$10,160InvestmentEarningsOrLossesAmt
Other Expenditures$147,861OtherExpendituresAmt
End Year Balance$9,572,924EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,923,210BeginningYearBalanceAmt
Contributions$105,456ContributionsAmt
Investment Earnings Or Losses$587,974InvestmentEarningsOrLossesAmt
Other Expenditures$96,240OtherExpendituresAmt
End Year Balance$9,520,400EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,635,751BeginningYearBalanceAmt
Contributions$121,904ContributionsAmt
Investment Earnings Or Losses$297,615InvestmentEarningsOrLossesAmt
Other Expenditures$132,060OtherExpendituresAmt
End Year Balance$8,923,210EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$5,000InvestmentCostOrOtherBasisAmt
Book Value$5,000BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$5,000TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$654,369TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$1,987,766NetUnrealizedGainsInvstAmt
Other Revenue$28,324OtherRevenueAmt
Revenue Not Reported-$1,959,442RevenueNotReportedAmt
Revenue Subtotal$2,613,811RevenueSubtotalAmt
Total Revenue Per Form990$2,613,811TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,398,683TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$28,324OtherExpensesIncludedAmt
Expenses Not Reported$28,324ExpensesNotReportedAmt
Expenses Subtotal$1,370,359ExpensesSubtotalAmt
Total Expenses Per Form990$1,370,359TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 2, PART V, LINE 4ENDOWMENT FUNDS IN THE MTC FOUNDATION ARE USED TO SUPPORT SCHOLARSHIPS FOR MTC STUDENTS, PROFESSIONAL DEVELOPMENT FUNDS FOR FACULTY AND STAFF, AND SUPPORT THE FOUNDATION'S ANNUAL OPERATING BUDGET.
SCHEDULE D, PAGE 4, PART XI, LINE 2DFUNDRAISING EXPENDITURES TO PART VIII 28,324
SCHEDULE D, PAGE 4, PART XII, LINE 2DFUNDRAISING EXPENDITURES TO PART VIII 28,324

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GOLF TOURNAMENTEvent1Nm
Gross Receipts Event1$106,945GrossReceiptsEvent1Amt
Gross Revenue Event1$106,945GrossRevenueEvent1Amt
Other Direct Expenses Event1$28,324OtherDirectExpensesEvent1Amt
Gross Receipts Total$106,945GrossReceiptsTotalAmt
Gross Revenue Total Events$106,945GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$28,324OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$28,324DirectExpenseSummaryEventsAmt
Net Income Summary$78,621NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPS & GRANTSGrantTypeTxt
Recipient288RecipientCnt
Cash Grant$456,231CashGrantAmt
Valuation Method UsedCOSTValuationMethodUsedDesc
Non Cash AssistanceSCHOLARSHIPSNonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE I, PAGE 1, PART I, LINE 2FormAndLineReferenceDesc
ExplanationTHE FOUNDATION EXISTS TO PROVIDE SUPPORT OF EDUCATIONAL PROGRAMS AT MIDLANDS TECHNICAL COLLEGE. ALL OF THE FOUNDATION'S EXPENDITURES ARE FOR THE OPERATION OF THE FOUNDATION, SCHOLARSHIPS FOR MIDLANDS TECHNICAL COLLEGE STUDENTS, OR OTHER SUPPORT OF MIDLANDS TECHNICAL COLLEGE.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonDR RONALD L RHAMESPersonNm
TitleEX OFFICIOTitleTxt
Base Compensation Filing Org$107,870BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$176,072CompensationBasedOnRltdOrgsAmt
Total Compensation Filing Org$107,870TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$176,072TotalCompensationRltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE J, PART IIIFormAndLineReferenceDesc
ExplanationTHE FOUNDATION PAYS MEMBERSHIP DUES FOR THE CAPITAL CITY CLUB FOR DR. RONALD RHAMES. THE FOUNDATION ALSO PAYS MEMBERSHIP DUES FOR PROFESSIONAL ORGANIZATIONS FOR THE OFFICE OF PHILANTHROPY.ExplanationTxt

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990Amt
Yes (X)TECH SVS/EQUIP3$72,471
Yes (X)LAB EQUIPMENT3$67,329
Yes (X)OTHER3$11,382
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BTHE FOUNDATION'S 990 WILL BE PRESENTED TO ALL BOARD MEMBERS AND THE COLLEGE'S ADMINISTRATION, AND IS AVAILABLE FOR PUBLIC REVIEW ON THE FOUNDATION'S WEBSITE - WWW.MIDLANDSTECH.EDU/ABOUT/MTC- FOUNDATION/FOUNDATION-FINANCIALS.
FORM 990, PAGE 6, PART VI, LINE 15BTHE PRESIDENT OF THE COLLEGE RECEIVES COMPENSATION FROM THE FOUNDATION AS VOTED ON BY THE FOUNDATION'S MEMBERS AS BROUGHT FORWARD THROUGH THE FOUNDATION'S BOARD MEETING PROCESS. THE FINANCE AND ADMINISTRATIVE COMMITTEE REVIEWS AND FORMALLY APPROVES THE REQUEST, AND THE MOTION IS BROUGHT FORWARD TO THE FULL BOARD.
FORM 990, PAGE 6, PART VI, LINE 19THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS OF THE MIDLANDS TECHNICAL COLLEGE FOUNDATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. RECENT 990'S ARE ALSO POSTED ON THE FOUNDATION'S WEBSITE - WWW.MIDLANDSTECH.EDU/ABOUT/MTC-FOUNDATION/FOUNDATION-FINANCIALS. IN ADDITION, THEY ARE ALSO AVAILABLE VIA THE THIRD PARTY WEBSITE "GUIDESTAR".
FORM 990, PART IX, LINE 11GDONOR RELATIONS - STEWARDSHIP 0 9,221 0 GENERAL FUNDRAISING SUPPORT 0 0 213 CAPITAL CAMPAIGN SUPPORT 0 0 897 DIRECT MAIL SERVICES 0 0 1,060 FR DATA PROCESSING 0 0 29 DIVISION SUPPORT 135,322 0 0 THEATER - HOSPITALITY SERVICE 6,378 0 0 EVENTS 0 0 1,650 TOTAL 141,700 9,221 3,849
FORM 990, PART XI, LINE 9FUNDRAISING EXPENDITURES TO PART VIII 28,324 FUNDRAISING EXPENDITURES TO PART VIII -28,324

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1MIDLANDS TECHNICAL COLLEGEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1POST OFFICE BOX 2408AddressLine1Txt
CityCOLUMBIACityNm
State AbbreviationSCStateAbbreviationCd
ZIP29202ZIPCd
FieldValueIRS element (for citing)
EIN570427758EIN
Primary ActivitiesCOLLEGEPrimaryActivitiesTxt
Legal Domicile StateSCLegalDomicileStateCd
Exempt Code Section501ExemptCodeSectionTxt
Public Charity Status2PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (true)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1MIDLANDS TECHNICAL COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeMTransactionTypeTxt
Involved$3,000InvolvedAmt
Method Of Amount DeterminationCASHMethodOfAmountDeterminationTxt

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