MIDLANDS TECHNICAL COLLEGE FOUNDATION INC: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
MIDLANDS TECHNICAL COLLEGE FOUNDATION INC (EIN 23-7085753)
Tax period
2018-07-01 to 2019-06-30
Filed
2019-10-02
IRS object ID
201942759349300414
Schema version
2018v3.1
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)
Return2019-10-02T10:14:51-05:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

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 Begin2018-07-01TaxPeriodBeginDt

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 MCKINNEYPersonNm
Person TitleCEOPersonTitleTxt
Phone8038223404PhoneNum
Signature2019-09-19SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHARRY D DELOACHPreparerPersonNm
PTINP00592698PTIN
Phone8037393090PhoneNum
Preparation2019-10-01PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address66.162.7.206IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-10-02IPDt
IP Tm10:14:51IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id590105990D36417BAE6223158E3AEF0F553D876FAtSubmissionCreationDeviceId
At Submission Filing Device IdC9AFEA078C0785F0B0960952E137D68302CC3E15AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerNANCY MCKINNEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1POST OFFICE BOX 2408AddressLine1Txt
CityCOLUMBIACityNm
State AbbreviationSCStateAbbreviationCd
ZIP29202ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,336,954GrossReceiptsAmt
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 Body21VotingMembersGoverningBodyCnt
Voting Members Independent21VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers20TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,290,385PYContributionsGrantsAmt
CY Contributions Grants$1,316,739CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$379,898PYInvestmentIncomeAmt
CY Investment Income$476,852CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,670,283PYTotalRevenueAmt
CY Total Revenue$1,793,591CYTotalRevenueAmt
PY Grants And Similar Paid$362,422PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$347,736CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$128,985PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$139,227CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$37,678CYTotalFundraisingExpenseAmt
PY Other Expenses$667,198PYOtherExpensesAmt
CY Other Expenses$471,318CYOtherExpensesAmt
PY Total Expenses$1,158,605PYTotalExpensesAmt
CY Total Expenses$958,281CYTotalExpensesAmt
PY Revenues Less Expenses$511,678PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$835,310CYRevenuesLessExpensesAmt
Total Assets BOY$11,836,443TotalAssetsBOYAmt
Total Assets EOY$12,547,554TotalAssetsEOYAmt
Total Liabilities BOY$80,696TotalLiabilitiesBOYAmt
Total Liabilities EOY$110,087TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$11,755,747NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$12,437,467NetAssetsOrFundBalancesEOYAmt
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$325,618ExpenseAmt
Grant$325,618GrantAmt
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$463,803ExpenseAmt
Grant$22,118GrantAmt
DescENHANCEMENTS IN SUPPORT OF MIDLANDS TECHNICAL COLLEGE PROGRAMSDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$789,421TotalProgramServiceExpensesAmt
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
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
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 With Officer EntfalseBusinessRlnWithOfficerEntInd
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 Document12IRPDocumentCnt
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 Members21GoverningBodyVotingMembersCnt
Independent Voting Member21IndependentVotingMemberCnt
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)
PersonTAMI SMITHPersonNm
Phone8038223404PhoneNum

US Address USAddress

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

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
RONALD L RHAMES
EX OFFICIO5.00Yes (X)Yes (X)$95,044$163,922$0
SCOTT R ADAMS
CHAIR12.00Yes (X)Yes (X)$0$0$0
BARBARA W BLAU
TRUSTEE12.00Yes (X)$0$0$0
DAVID E DUBBERLY
TRUSTEE12.00Yes (X)$0$0$0
WILLIAM KIRKLAND
TRUSTEE12.00Yes (X)$0$0$0
SOLOMON JACKSON JR
TRUSTEE12.00Yes (X)$0$0$0
WALTER JOHNSON
TRUSTEE12.00Yes (X)$0$0$0
GWEN HAMPTON
VICE CHAIR12.00Yes (X)Yes (X)$0$0$0
JOSEPH POWERS
TRUSTEE12.00Yes (X)$0$0$0
MICHAEL WILLIAMS
TRUSTEE12.00Yes (X)$0$0$0
THOMAS E PERSONS SR
TRUSTEE EMER12.00Yes (X)$0$0$0
GERALD SWEETLAND
TRUSTEE12.00Yes (X)$0$0$0
DAVID WOOLARD
TRUSTEE12.00Yes (X)$0$0$0
JAMES REYNOLDS
TRUSTEE EMER12.00Yes (X)$0$0$0
JAMES L BRAUN
TRUSTEE12.00Yes (X)$0$0$0
JUDGE TOMOTHY C EDMOND
TRUSTEE12.00Yes (X)$0$0$0
WILLIS LANGLEY III
TRUSTEE12.00Yes (X)$0$0$0
DR KRYSTAL L CONNER
TRUSTEE12.00Yes (X)$0$0$0
TAMARA HENDERSON
SECRETARY12.00Yes (X)Yes (X)$0$0$0
KRISTI EDISON
TRUSTEE12.00Yes (X)$0$0$0
CHRIS STORMER CPA
TREASURER24.00Yes (X)Yes (X)$0$0$0
NANCY MCKINNEY
CEO40.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$95,044TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$163,922TotReportableCompRltdOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$59,996GovernmentGrantsAmt
All Other Contributions$1,256,743AllOtherContributionsAmt
Noncash Contributions$51,379NoncashContributionsAmt
Total Contributions$1,316,739TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$241,385TotalRevenueColumnAmt
Exclusion$241,385ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$3,778,830SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$3,543,363SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$235,467SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$235,467TotalRevenueColumnAmt
Related Or Exempt Func Income$235,467RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,793,591TotalRevenueColumnAmt
Related Or Exempt Func Income$235,467RelatedOrExemptFuncIncomeAmt
Exclusion$241,385ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$347,736TotalAmt
Program Services$347,736ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$95,044TotalAmt
Program Services$95,044ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$44,183TotalAmt
Program Services$44,183ProgramServicesAmt

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$6,400TotalAmt
Management And General$6,400ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$40,208TotalAmt
Program Services$40,208ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$66,957TotalAmt
Management And General$66,957ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$86,745TotalAmt
Program Services$39,377ProgramServicesAmt
Management And General$11,874ManagementAndGeneralAmt
Fundraising$35,494FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$24,488TotalAmt
Program Services$22,500ProgramServicesAmt
Fundraising$1,988FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$28,293TotalAmt
Program Services$17,385ProgramServicesAmt
Management And General$10,712ManagementAndGeneralAmt
Fundraising$196FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,938TotalAmt
Management And General$1,938ManagementAndGeneralAmt

Insurance InsuranceGrp

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

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PROFESSIONAL DEVELOPMENT$94,383$94,383
IN KIND GIFTS$51,379$51,379
CURRICULUM DEVELOPMENT$22,832$22,832
OTHER EXPENSES$15,329$15,329

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$27,228TotalAmt
Program Services$14,394ProgramServicesAmt
Management And General$12,834ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$958,281TotalAmt
Program Services$789,421ProgramServicesAmt
Management And General$131,182ManagementAndGeneralAmt
Fundraising$37,678FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$474,676BOYAmt
EOY$566,679EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,333,553BOYAmt
EOY$486,958EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$31,101BOYAmt
EOY$31,470EOYAmt
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$9,992,113BOYAmt
EOY$11,457,447EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$11,836,443BOYAmt
EOY$12,547,554EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$80,696BOYAmt
EOY$110,087EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$80,696BOYAmt
EOY$110,087EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,566,794BOYAmt
EOY$1,683,003EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,217,689BOYAmt
EOY$2,335,795EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$6,971,264BOYAmt
EOY$8,418,669EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,755,747BOYAmt
EOY$12,437,467EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,836,443BOYAmt
EOY$12,547,554EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$835,310ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$421,213NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$574,803OtherChangesInNetAssetsAmt
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$2,469,307CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,427,705CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$954,547CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,290,385CurrentTaxYearMinus1YearAmt
Current Tax Year$1,316,739CurrentTaxYearAmt
Total$8,458,683TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,469,307CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,427,705CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$954,547CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,290,385CurrentTaxYearMinus1YearAmt
Current Tax Year$1,316,739CurrentTaxYearAmt
Total$8,458,683TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,822,720SubstantialContributorsTotAmt
Public Support Total170$5,635,963PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$174,436CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$209,264CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$171,009CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$201,740CurrentTaxYearMinus1YearAmt
Current Tax Year$241,385CurrentTaxYearAmt
Total$997,834TotalAmt
FieldValueIRS element (for citing)
Total Support$9,456,517TotalSupportAmt
Public Support CY1700.59600PublicSupportCY170Pct
Public Support PY1700.66630PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Schedule C IRS990ScheduleC

Total Direct Lobbying TotalDirectLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$40,208FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$40,208FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$918,073FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$958,281FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Filing Organizations Total$168,742FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Filing Organizations Total$42,186FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Current Year Minus3$191,870CurrentYearMinus3Amt
Current Year Minus2$171,669CurrentYearMinus2Amt
Current Year Minus1$190,861CurrentYearMinus1Amt
Current Year$168,742CurrentYearAmt
Total$723,142TotalAmt
FieldValueIRS element (for citing)
Lobbying Ceiling$1,084,713LobbyingCeilingAmt

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Current Year Minus3$40,520CurrentYearMinus3Amt
Current Year Minus2$40,208CurrentYearMinus2Amt
Current Year Minus1$40,416CurrentYearMinus1Amt
Current Year$40,208CurrentYearAmt
Total$161,352TotalAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Current Year Minus3$47,968CurrentYearMinus3Amt
Current Year Minus2$42,917CurrentYearMinus2Amt
Current Year Minus1$47,715CurrentYearMinus1Amt
Current Year$42,186CurrentYearAmt
Total$180,786TotalAmt
FieldValueIRS element (for citing)
Grassroots Ceiling$271,179GrassrootsCeilingAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,869,298BeginningYearBalanceAmt
Contributions$1,258,470ContributionsAmt
Investment Earnings Or Losses$156,573InvestmentEarningsOrLossesAmt
Other Expenditures$83,401OtherExpendituresAmt
End Year Balance$8,200,940EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,197,637BeginningYearBalanceAmt
Contributions$2,127,877ContributionsAmt
Investment Earnings Or Losses$593,101InvestmentEarningsOrLossesAmt
Other Expenditures$49,317OtherExpendituresAmt
End Year Balance$6,869,298EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.07520BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.92480PrmnntEndowmentBalanceEOYPct
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$1,640,001TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$421,213NetUnrealizedGainsInvstAmt
Revenue Not Reported$421,213RevenueNotReportedAmt
Revenue Subtotal$1,218,788RevenueSubtotalAmt
Other Revenues Not Included$574,803OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$574,803RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,793,591TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$958,281TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$958,281ExpensesSubtotalAmt
Total Expenses Per Form990$958,281TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 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 4BCOLLECTION OF PRIOR YEAR PLEDGES 574,803

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
Recipient230RecipientCnt
Cash Grant$347,736CashGrantAmt
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)
PersonRONALD L RHAMESPersonNm
TitleEX OFFICIOTitleTxt
Base Compensation Filing Org$95,044BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$163,922CompensationBasedOnRltdOrgsAmt
Total Compensation Filing Org$95,044TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$163,922TotalCompensationRltdOrgsAmt

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 AND TOM SCHLITMAN. THE FOUNDATION ALSO PAYS MEMBERSHIP DUES FOR PROFESSIONAL ORGANIZATIONS FOR THE OFFICE OF PHILANTHROPY.ExplanationTxt

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990Amt
Yes (X)MAINLY EQUIP17$21,379
Yes (X)CUBICLES1$30,000
FieldValueIRS element (for citing)
Form8283 Received18Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

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 XI, LINE 9COLLECTION OF PRIOR YEAR PLEDGES -574,803

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

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.