MIDLANDS TECHNICAL COLLEGE FOUNDATION INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MIDLANDS TECHNICAL COLLEGE FOUNDATION INC (EIN 23-7085753)
Tax period
2020-07-01 to 2021-06-30
Filed
2021-10-26
IRS object ID
202132999349300248
Schema version
2020v4.0
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)
Return2021-10-26T11:06:44-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

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 Begin2020-07-01TaxPeriodBeginDt

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
Phone8037325333PhoneNum

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
Signature2021-10-11SignatureDt

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
Preparation2021-10-11PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2020TaxYr
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$4,628,470GrossReceiptsAmt
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 Volunteers17TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$815,609PYContributionsGrantsAmt
CY Contributions Grants$1,656,411CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$259,325PYInvestmentIncomeAmt
CY Investment Income$739,002CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,074,934PYTotalRevenueAmt
CY Total Revenue$2,395,413CYTotalRevenueAmt
PY Grants And Similar Paid$304,351PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$475,994CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$287,983PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$290,670CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$131,220CYTotalFundraisingExpenseAmt
PY Other Expenses$458,200PYOtherExpensesAmt
CY Other Expenses$355,168CYOtherExpensesAmt
PY Total Expenses$1,050,534PYTotalExpensesAmt
CY Total Expenses$1,121,832CYTotalExpensesAmt
PY Revenues Less Expenses$24,400PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,273,581CYRevenuesLessExpensesAmt
Total Assets BOY$12,623,815TotalAssetsBOYAmt
Total Assets EOY$15,711,907TotalAssetsEOYAmt
Total Liabilities BOY$122,688TotalLiabilitiesBOYAmt
Total Liabilities EOY$55,535TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$12,501,127NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$15,656,372NetAssetsOrFundBalancesEOYAmt
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$427,236ExpenseAmt
Grant$427,236GrantAmt
DescPROVISION OF SCHOLARSHIPS WHICH ASSIST STUDENTS WITH NEEDED FUNDS TO DEFRAY THE COST OF TUITION AT MIDLANDS TECHNICAL COLLEGE, NONE GREATER THAN 3,000.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$444,300ExpenseAmt
Grant$48,758GrantAmt
DescENHANCEMENTS IN SUPPORT OF MIDLANDS TECHNICAL COLLEGE PROGRAMSDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$871,536TotalProgramServiceExpensesAmt
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 ActivitiesfalseFundraisingActivitiesInd
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 ContrifalseDeductibleNonCashContriInd
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 Document28IRPDocumentCnt
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)$100,889$170,535$0
JAMES L BRAUN
CHAIR1.00Yes (X)Yes (X)$0$0$0
CHRISIAN 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)$0$0$0
KRISTI EIDSON
TRUSTEE1.00Yes (X)$0$0$0
CAROLYN R EWING-TURNER
TRUSTEE1.00Yes (X)$0$0$0
GWEN J HAMPTON
SECRETARY1.00Yes (X)Yes (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-ELIS
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
DAVID WOOLARD
TRUSTEE1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$100,889TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$170,535TotReportableCompRltdOrgAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$32,500GovernmentGrantsAmt
All Other Contributions$1,623,911AllOtherContributionsAmt
Noncash Contributions$17,339NoncashContributionsAmt
Total Contributions$1,656,411TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$264,066TotalRevenueColumnAmt
Exclusion$264,066ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$2,707,993SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$2,233,057SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$474,936SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$474,936TotalRevenueColumnAmt
Related Or Exempt Func Income$474,936RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,395,413TotalRevenueColumnAmt
Related Or Exempt Func Income$474,936RelatedOrExemptFuncIncomeAmt
Exclusion$264,066ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$475,994TotalAmt
Program Services$475,994ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$100,889TotalAmt
Program Services$100,889ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$189,781TotalAmt
Program Services$71,835ProgramServicesAmt
Fundraising$117,946FundraisingAmt

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$4,400TotalAmt
Management And General$4,400ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$59,936TotalAmt
Program Services$59,936ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$81,532TotalAmt
Management And General$81,532ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$116,177TotalAmt
Program Services$95,360ProgramServicesAmt
Management And General$7,879ManagementAndGeneralAmt
Fundraising$12,938FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$14,814TotalAmt
Program Services$10,000ProgramServicesAmt
Management And General$4,478ManagementAndGeneralAmt
Fundraising$336FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,384TotalAmt
Program Services$22ProgramServicesAmt
Management And General$5,362ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$635TotalAmt
Management And General$635ManagementAndGeneralAmt

Insurance InsuranceGrp

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

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
CURRICULUM DEVELOPMENT$21,655$21,655
IN KIND GIFTS$17,339$17,339
ALUMNI RELATIONS$12,619$12,619
OTHER EXPENSES$4,674$4,674

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$10,865TotalAmt
Program Services$5,887ProgramServicesAmt
Management And General$4,978ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,121,832TotalAmt
Program Services$871,536ProgramServicesAmt
Management And General$119,076ManagementAndGeneralAmt
Fundraising$131,220FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$236,546BOYAmt
EOY$178,095EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$250,840BOYAmt
EOY$248,378EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$32,553BOYAmt
EOY$32,409EOYAmt
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$12,098,876BOYAmt
EOY$15,248,025EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$12,623,815BOYAmt
EOY$15,711,907EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$122,688BOYAmt
EOY$55,535EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$122,688BOYAmt
EOY$55,535EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,446,551BOYAmt
EOY$1,679,637EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$11,054,576BOYAmt
EOY$13,976,735EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$12,501,127BOYAmt
EOY$15,656,372EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$12,623,815BOYAmt
EOY$15,711,907EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,273,581ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1,881,664NetUnrlzdGainsLossesInvstAmt
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$954,547CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,290,385CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,316,739CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$815,608CurrentTaxYearMinus1YearAmt
Current Tax Year$1,656,411CurrentTaxYearAmt
Total$6,033,690TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$954,547CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,290,385CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,316,739CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$815,608CurrentTaxYearMinus1YearAmt
Current Tax Year$1,656,411CurrentTaxYearAmt
Total$6,033,690TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,304,767SubstantialContributorsTotAmt
Public Support Total170$3,728,923PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$171,009CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$201,740CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$241,385CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$285,881CurrentTaxYearMinus1YearAmt
Current Tax Year$264,066CurrentTaxYearAmt
Total$1,164,081TotalAmt
FieldValueIRS element (for citing)
Total Support$7,197,771TotalSupportAmt
Public Support CY1700.51810PublicSupportCY170Pct
Public Support PY1700.54240PublicSupportPY170Pct
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$59,936FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$59,936FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$1,061,896FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$1,121,832FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Filing Organizations Total$187,183FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Filing Organizations Total$46,796FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Current Year Minus3$190,861CurrentYearMinus3Amt
Current Year Minus2$168,742CurrentYearMinus2Amt
Current Year Minus1$180,053CurrentYearMinus1Amt
Current Year$187,183CurrentYearAmt
Total$726,839TotalAmt
FieldValueIRS element (for citing)
Lobbying Ceiling$1,090,259LobbyingCeilingAmt

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Current Year Minus3$40,416CurrentYearMinus3Amt
Current Year Minus2$40,208CurrentYearMinus2Amt
Current Year Minus1$44,312CurrentYearMinus1Amt
Current Year$59,936CurrentYearAmt
Total$184,872TotalAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Current Year Minus3$47,715CurrentYearMinus3Amt
Current Year Minus2$42,186CurrentYearMinus2Amt
Current Year Minus1$45,013CurrentYearMinus1Amt
Current Year$46,796CurrentYearAmt
Total$181,710TotalAmt
FieldValueIRS element (for citing)
Grassroots Ceiling$272,565GrassrootsCeilingAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$12,078,061BeginningYearBalanceAmt
Contributions$769,027ContributionsAmt
Investment Earnings Or Losses$1,930,557InvestmentEarningsOrLossesAmt
Other Expenditures$194,447OtherExpendituresAmt
End Year Balance$12,078,061EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,200,940BeginningYearBalanceAmt
Contributions$289,210ContributionsAmt
Investment Earnings Or Losses$246,622InvestmentEarningsOrLossesAmt
Other Expenditures$101,021OtherExpendituresAmt
End Year Balance$8,635,751EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.05840BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.94160PrmnntEndowmentBalanceEOYPct
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$4,277,077TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$1,881,664NetUnrealizedGainsInvstAmt
Revenue Not Reported$1,881,664RevenueNotReportedAmt
Revenue Subtotal$2,395,413RevenueSubtotalAmt
Total Revenue Per Form990$2,395,413TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,121,832TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$1,121,832ExpensesSubtotalAmt
Total Expenses Per Form990$1,121,832TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 2, PART V, LINE 4FormAndLineReferenceDesc
ExplanationENDOWMENT 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.ExplanationTxt

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
Recipient345RecipientCnt
Cash Grant$475,994CashGrantAmt
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$100,889BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$170,535CompensationBasedOnRltdOrgsAmt
Total Compensation Filing Org$100,889TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$170,535TotalCompensationRltdOrgsAmt

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 O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 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 AND THE SENIOR VICE PRESIDENT FOR BUSINESS AFFAIRS RECEIVE COMPENSATION FROM THE FOUNDATION AS VOTED ON BY THE FOUNDATION'S MEMBERS AS BROUGHT FORWARD THROUGH THE FOUNDATION'S BOARD MEETING PROCESS. THE EXECUTIVE 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 7,879 0 GENERAL FUNDRAISING SUPPORT 0 0 75 CAPITAL CAMPAIGN SUPPORT 0 0 2,724 DIRECT MAIL SERVICES 0 0 9,639 FUNDRAISING EQUIPMENT 0 0 500 DIVISION SUPPORT 94,738 0 0 THEATER - HOSPITALITY SERVICE 622 0 0 TOTAL 95,360 7,879 12,938

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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