MIDLAND COLLEGE FOUNDATION INC: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- MIDLAND COLLEGE FOUNDATION INC (EIN 23-7315067)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-12
- IRS object ID
- 202043179349303164
- Schema version
- 2019v5.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-12T10:16:36-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 850214336 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHNSON MILLER & CO CPA'S PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 550 W TEXAS AVE STE 1000 | AddressLine1Txt |
| City | MIDLAND | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 797014279 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237315067 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDLAND COLLEGE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MIDL | BusinessNameControlTxt |
| Phone | 4326847851 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3600 N GARFIELD | AddressLine1Txt |
| City | MIDLAND | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79705 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICK BENDER | PersonNm |
| Person Title | VP - ADMIN SERVICES | PersonTitleTxt |
| Phone | 4326847851 | PhoneNum |
| Signature | 2020-11-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ALAN DOUGLAS | PreparerPersonNm |
| PTIN | P00295886 | PTIN |
| Phone | 4326831835 | PhoneNum |
| Preparation | 2020-11-12 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 52.37.240.203 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-12 | IPDt |
| IP Tm | 10:16:36 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 8598D7588AB17260E223A8BC462777E70E47BE63 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | D157F964050065C3C16DAC190D3DEB1550C2DD18 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RICK BENDER | PrincipalOfficerNm |
| Gross Receipts | $9,128,206 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MIDLANDCOLLEGEFOUNDATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1973 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | MIDLAND COLLEGE FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE SUPPORT FOR THE EDUCATIONAL GOALS OF MIDLAND COLLEGE AND ITS STUDENTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 25 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 25 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $2,960,860 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,215,295 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,875,632 | PYInvestmentIncomeAmt |
| CY Investment Income | $5,337,253 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$241,995 | PYOtherRevenueAmt |
| CY Other Revenue | $575,658 | CYOtherRevenueAmt |
| PY Total Revenue | $5,594,497 | PYTotalRevenueAmt |
| CY Total Revenue | $9,128,206 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,941,681 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $6,169,003 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $555,287 | PYOtherExpensesAmt |
| CY Other Expenses | $490,346 | CYOtherExpensesAmt |
| PY Total Expenses | $2,496,968 | PYTotalExpensesAmt |
| CY Total Expenses | $6,659,349 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,097,529 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,468,857 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $53,446,524 | TotalAssetsBOYAmt |
| Total Assets EOY | $62,364,863 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $384,797 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $671,034 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $53,061,727 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $61,693,829 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | MIDLAND COLLEGE FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE SUPPORT FOR THE EDUCATIONAL GOALS OF MIDLAND COLLEGE AND ITS STUDENTS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | PAYMENTS MADE TO MIDLAND COLLEGE FOR THE OPERATING BUDGET | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $6,169,003 | ExpenseAmt |
| Grant | $6,169,003 | GrantAmt |
| Desc | PAYMENTS MADE TO MIDLAND COLLEGE FOR THE OPERATING BUDGET AND FUND MIDLAND COLLEGE SCHOLARSHIPS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $6,169,003 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $6,169,003 | TotalOtherProgSrvcGrantAmt |
| Total Program Service Expenses | $6,169,003 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | false | ScheduleORequiredInd |
| IRP Document | 12 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 25 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 25 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICK BENDER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4326847851 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3600 N GARFIELD | AddressLine1Txt |
| City | MIDLAND | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79705 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|
| SPENCER BEAL | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| MIKE BLACK | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| RICHARD COATS | |||||
| TREASURER | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JOE DE COMPIEGNE | |||||
| PRESIDENT | Yes (X) | $0 | $0 | $0 | Yes (X) |
| LINDA COWDEN | |||||
| SECRETARY | Yes (X) | $0 | $0 | $0 | Yes (X) |
| GARY DOUGLAS | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| JULIE EDWARDS | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| BECKY FERGUSON | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| JIM HENRY | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| DUNCAN KENNEDY | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| TIM LEACH | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| CADELL LIEDTKE | |||||
| VICE PRESIDE | Yes (X) | $0 | $0 | $0 | Yes (X) |
| ARNULFO CARRASCO MD | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| TAYLOR MAYNE | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| RICHARD MCMILLIAN | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| TRICIA MICHIE | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| PAUL MORROW | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| CHIP SMITH | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| JULIA SWALLOW | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| DR STEVE THOMAS | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| CAROLE WARREN | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| RALPH WAY | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| TERRY WILKINSON | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| MODESTA WILLIAMS | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| WORD WILSON | |||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $3,215,295 | AllOtherContributionsAmt |
| Total Contributions | $3,215,295 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $743,453 | TotalRevenueColumnAmt |
| Exclusion | $743,453 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $575,658 | TotalRevenueColumnAmt |
| Exclusion | $575,658 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,593,800 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,593,800 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,593,800 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,593,800 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,128,206 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,593,800 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,319,111 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,169,003 | TotalAmt |
| Program Services | $6,169,003 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| COMMUNITY ENRICHMENT PROG | $413,077 | $413,077 |
| OPERATING EXPENSES | $74,606 | $74,606 |
| PROMOTIONAL EXPENSES | $2,663 | $2,663 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,659,349 | TotalAmt |
| Program Services | $6,169,003 | ProgramServicesAmt |
| Management And General | $490,346 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $671,266 | BOYAmt |
| EOY | $1,895,405 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,847,438 | BOYAmt |
| EOY | $6,282,323 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,017 | BOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $450 | BOYAmt |
| EOY | $450 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,250 | BOYAmt |
| EOY | $169,324 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,769,881 | BOYAmt |
| EOY | $53,980,197 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,222 | BOYAmt |
| EOY | $37,164 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,446,524 | BOYAmt |
| EOY | $62,364,863 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,868 | BOYAmt |
| EOY | $236,753 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $326,929 | BOYAmt |
| EOY | $434,281 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $384,797 | BOYAmt |
| EOY | $671,034 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,807,152 | BOYAmt |
| EOY | $17,342,039 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,254,575 | BOYAmt |
| EOY | $44,351,790 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,061,727 | BOYAmt |
| EOY | $61,693,829 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,446,524 | BOYAmt |
| EOY | $62,364,863 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $2,468,857 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $6,163,245 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | false | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,800,406 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,473,792 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,756,477 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,960,860 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,215,295 | CurrentTaxYearAmt |
| Total | $14,206,830 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,800,406 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,473,792 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,756,477 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,960,860 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,215,295 | CurrentTaxYearAmt |
| Total | $14,206,830 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $3,491,327 | SubstantialContributorsTotAmt |
| Public Support Total170 | $10,715,503 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $810,693 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,295,797 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $801,993 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,029,824 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,319,111 | CurrentTaxYearAmt |
| Total | $5,257,418 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $19,464,248 | TotalSupportAmt |
| Public Support CY170 | 0.55050 | PublicSupportCY170Pct |
| Public Support PY170 | 0.61150 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $29,075,399 | BeginningYearBalanceAmt |
| Contributions | $1,805,118 | ContributionsAmt |
| Investment Earnings Or Losses | $7,962,360 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,513,663 | GrantsOrScholarshipsAmt |
| End Year Balance | $37,329,214 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $32,445,431 | BeginningYearBalanceAmt |
| Contributions | $632,995 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,648,222 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,354,805 | GrantsOrScholarshipsAmt |
| End Year Balance | $29,075,399 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $28,877,911 | BeginningYearBalanceAmt |
| Contributions | $444,603 | ContributionsAmt |
| Investment Earnings Or Losses | $4,395,337 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,272,420 | GrantsOrScholarshipsAmt |
| End Year Balance | $32,445,431 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $27,258,936 | BeginningYearBalanceAmt |
| Contributions | $466,869 | ContributionsAmt |
| Investment Earnings Or Losses | $2,367,477 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,113,093 | GrantsOrScholarshipsAmt |
| End Year Balance | $28,980,089 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $29,762,545 | BeginningYearBalanceAmt |
| Contributions | $488,725 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,596,737 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,395,987 | GrantsOrScholarshipsAmt |
| End Year Balance | $27,258,836 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.26980 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.14130 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.58890 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
| Total Rev Etc Audited Fincl Stmt | $15,291,451 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $6,163,245 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $6,163,245 | RevenueNotReportedAmt |
| Revenue Subtotal | $9,128,206 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $9,128,206 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $6,659,349 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $6,659,349 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $6,659,349 | TotalExpensesPerForm990Amt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDLAND COLLEGE DISTRICT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 751403958 | RecipientEIN |
| Cash Grant | $6,169,003 | CashGrantAmt |
| Purpose Of Grant | SUPPORT MIDLAND COLL | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 2, PART III, LINE 4D | PAYMENTS MADE TO MIDLAND COLLEGE FOR THE OPERATING BUDGET AND FUND MIDLAND COLLEGE SCHOLARSHIPS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A COPY OF THE FORM 990 WAS PROVIDED TO EACH VOTING MEMBER PRIOR TO ITS FILING WITH THE IRS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | REQUIRE WRITTEN STATEMENT FROM OFFICERS, DIRECTORS AND TRUSTEES. |
| FORM 990, PAGE 6, PART VI, LINE 15A | RESOLVE NOT TO COMPENSATE OFFICERS, DIRECTORS OR EXECUTIVES. |
| FORM 990, PAGE 6, PART VI, LINE 15B | RESOLVE NOT TO COMPENSATE OTHER OFFICERS OR KEY EMPLOYEES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | NO DOCUMENTS AVAILABLE TO THE PUBLIC |
| FORM 990, PART XI | LINE 5, NET UNREALIZED GAIN (LOSS) IN MARKETABLE SECURITIES |
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