MIDLANDS TECHNICAL COLLEGE FOUNDATION INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
MIDLANDS TECHNICAL COLLEGE FOUNDATION INC (EIN 23-7085753)
Tax period
2014-07-01 to 2015-06-30
Filed
2015-11-06
IRS object ID
201543109349300309
Schema version
2014v5.0
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)
Return2015-11-06T08:21:15-06:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

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 Begin2014-07-01TaxPeriodBeginDt

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)
PersonJACK HOEKSTRAPersonNm
Person TitleINTERIM VPPersonTitleTxt
Phone8037325333PhoneNum
Signature2015-10-27SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHARRY D DELOACHPreparerPersonNm
PTINP00592698PTIN
Phone8037393090PhoneNum
Preparation2015-11-05PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDR RONALD L RHAMESPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1POST OFFICE BOX 2408AddressLine1Txt
CityCOLUMBIACityNm
State AbbreviationSCStateAbbreviationCd
ZIP29202ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$12,146,122GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MTCFOUNDATION.NET/WebsiteAddressTxt
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 Body20VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers20TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,244,745PYContributionsGrantsAmt
CY Contributions Grants$2,469,307CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$211,296PYInvestmentIncomeAmt
CY Investment Income$1,401,973CYInvestmentIncomeAmt
PY Other Revenue-$21,071PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,434,970PYTotalRevenueAmt
CY Total Revenue$3,871,280CYTotalRevenueAmt
PY Grants And Similar Paid$234,796PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$124,740CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$106,770PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$117,393CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$181,496CYTotalFundraisingExpenseAmt
PY Other Expenses$453,474PYOtherExpensesAmt
CY Other Expenses$691,957CYOtherExpensesAmt
PY Total Expenses$795,040PYTotalExpensesAmt
CY Total Expenses$934,090CYTotalExpensesAmt
PY Revenues Less Expenses$639,930PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,937,190CYRevenuesLessExpensesAmt
Total Assets BOY$7,811,496TotalAssetsBOYAmt
Total Assets EOY$9,367,475TotalAssetsEOYAmt
Total Liabilities BOY$77,652TotalLiabilitiesBOYAmt
Total Liabilities EOY$94,812TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$7,733,844NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$9,272,663NetAssetsOrFundBalancesEOYAmt
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$118,018ExpenseAmt
Grant$118,018GrantAmt
DescPROVISION OF SCHOLARSHIPS WHICH ASSIST STUDENTS WITH NEEDED FUNDS TO DEFRAY THE COST OF TUITION AT MIDLANDS TECHNICAL COLLEGE, NONE GREATER THAN 2,000.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$497,204ExpenseAmt
Grant$6,722GrantAmt
DescENHANCEMENTS IN SUPPORT OF MIDLANDS TECHNICAL COLLEGE PROGRAMSDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$615,222TotalProgramServiceExpensesAmt
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 OrgYes (true)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document26IRPDocumentCnt
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
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
DAF Excess Business HoldingsfalseDAFExcessBusinessHoldingsInd
Taxable DistributionsfalseTaxableDistributionsInd
Distribution To DonorfalseDistributionToDonorInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members20GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
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)
PersonDEBORAH TAYLORPersonNm
Phone8037325330PhoneNum

US Address USAddress

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

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
RONALD D RHAMES
EX OFFICIO2.00Yes (X)Yes (X)$30,198$179,346$513
MARSHALL WHITE JR
EX OFFICIO5.00Yes (X)Yes (X)$44,865$115,646$1,289
SCOTT R ADAMS
SECRETARY1.00Yes (X)Yes (X)$0$0$0
WILLIAM C BARKER
TRUSTEE1.00Yes (X)$0$0$0
BARBARA W BLAU
TRUSTEE1.00Yes (X)$0$0$0
DAVID E DUBBERLY
TRUSTEE1.00Yes (X)$0$0$0
JOHN H HUDGENS III
TRUSTEE1.00Yes (X)$0$0$0
WILLIAM KIRKLAND
TRUSTEE1.00Yes (X)$0$0$0
MARION A KNOX JR
CHAIR1.00Yes (X)Yes (X)$0$0$0
SOLOMON JACKSON JR
TRUSTEE1.00Yes (X)$0$0$0
WALTER JOHNSON
VICE-CHAIR1.00Yes (X)Yes (X)$0$0$0
RANDALL JACKSON
EX OFFICIO1.00Yes (X)Yes (X)$0$0$0
ERNIE MAGARO
TRUSTEE1.00Yes (X)$0$0$0
R SCOTT MCCLELLAND
TREASURER1.00Yes (X)Yes (X)$0$0$0
TED O MCGEE JR
TRUSTEE1.00Yes (X)$0$0$0
TIMOTHY Q NELSON
EX OFFICIO1.00Yes (X)Yes (X)$0$0$0
MARK PATTERSON
TRUSTEE1.00Yes (X)$0$0$0
THOMAS E PERSONS SR
TRUSTEE EMER1.00Yes (X)Yes (X)$0$0$0
GERALD SWEETLAND
TRUSTEE1.00Yes (X)$0$0$0
MR DONALD CORRY
TRUSTEE1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$75,063TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$294,992TotReportableCompRltdOrgAmt
Total Other Compensation$1,802TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$14,000GovernmentGrantsAmt
All Other Contributions$2,455,307AllOtherContributionsAmt
Noncash Contributions$116,501NoncashContributionsAmt
Total Contributions$2,469,307TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$174,436TotalRevenueColumnAmt
Exclusion$174,436ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$9,502,379SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$8,274,842SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$1,227,537SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,227,537TotalRevenueColumnAmt
Exclusion$1,227,537ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,871,280TotalRevenueColumnAmt
Exclusion$1,401,973ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$124,740TotalAmt
Program Services$124,740ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$75,063TotalAmt
Program Services$75,063ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$42,330TotalAmt
Program Services$42,330ProgramServicesAmt

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$7,218TotalAmt
Management And General$7,218ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$40,000TotalAmt
Program Services$40,000ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$51,550TotalAmt
Management And General$51,550ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$203,100TotalAmt
Program Services$21,604ProgramServicesAmt
Fundraising$181,496FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$51,637TotalAmt
Program Services$35,024ProgramServicesAmt
Management And General$16,613ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$54,529TotalAmt
Program Services$54,529ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$7,942TotalAmt
Management And General$7,942ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,205TotalAmt
Management And General$2,205ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
IN KIND GIFTS$128,001$128,001
PROFESSIONAL DEVELOPMENT$88,840$88,840
ALUMNI RELATIONS$29,986$29,986
FOUNDATION BOARD MEETING$8,572$8,572

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$15,377TotalAmt
Program Services$5,091ProgramServicesAmt
Management And General$10,286ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$934,090TotalAmt
Program Services$615,222ProgramServicesAmt
Management And General$137,372ManagementAndGeneralAmt
Fundraising$181,496FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$158,907BOYAmt
EOY$720,745EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$720,831BOYAmt
EOY$1,774,923EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$20,417BOYAmt
EOY$12,274EOYAmt
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$6,906,341BOYAmt
EOY$6,854,533EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,811,496BOYAmt
EOY$9,367,475EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$77,652BOYAmt
EOY$94,812EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$77,652BOYAmt
EOY$94,812EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,372,969BOYAmt
EOY$1,443,088EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,184,278BOYAmt
EOY$2,525,101EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,176,597BOYAmt
EOY$5,304,474EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,733,844BOYAmt
EOY$9,272,663EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,811,496BOYAmt
EOY$9,367,475EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$2,937,190ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$1,409,871NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts$11,500DonatedServicesAndUseFcltsAmt
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$505,060CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$457,206CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$557,066CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,244,745CurrentTaxYearMinus1YearAmt
Current Tax Year$2,469,307CurrentTaxYearAmt
Total$5,233,384TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$505,060CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$457,206CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$557,066CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,244,745CurrentTaxYearMinus1YearAmt
Current Tax Year$2,469,307CurrentTaxYearAmt
Total$5,233,384TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$960,459SubstantialContributorsTotAmt
Public Support Total170$4,272,925PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$102,258CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$141,397CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$158,376CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$144,671CurrentTaxYearMinus1YearAmt
Current Tax Year$174,436CurrentTaxYearAmt
Total$721,138TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years-$7,213CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years-$29,462CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year-$21,071CurrentTaxYearMinus1YearAmt
Total-$57,746TotalAmt
FieldValueIRS element (for citing)
Total Support$5,896,776TotalSupportAmt
Public Support CY1700.72460PublicSupportCY170Pct
Public Support PY1700.64930PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, LINE 10FormAndLineReferenceDesc
ExplanationGOLF TOURNAMENT -57,746ExplanationTxt

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$40,000FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$40,000FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$894,090FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$934,090FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Filing Organizations Total$165,114FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Filing Organizations Total$41,279FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Current Year Minus3$150,227CurrentYearMinus3Amt
Current Year Minus2$139,686CurrentYearMinus2Amt
Current Year Minus1$147,546CurrentYearMinus1Amt
Current Year$165,114CurrentYearAmt
Total$602,573TotalAmt
FieldValueIRS element (for citing)
Lobbying Ceiling$903,860LobbyingCeilingAmt

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Current Year Minus3$35,208CurrentYearMinus3Amt
Current Year Minus2$35,241CurrentYearMinus2Amt
Current Year Minus1$35,223CurrentYearMinus1Amt
Current Year$40,000CurrentYearAmt
Total$145,672TotalAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Current Year Minus3$37,557CurrentYearMinus3Amt
Current Year Minus2$34,922CurrentYearMinus2Amt
Current Year Minus1$36,887CurrentYearMinus1Amt
Current Year$41,279CurrentYearAmt
Total$150,645TotalAmt
FieldValueIRS element (for citing)
Grassroots Ceiling$225,968GrassrootsCeilingAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,197,636BeginningYearBalanceAmt
Contributions$2,127,877ContributionsAmt
Investment Earnings Or Losses$593,101InvestmentEarningsOrLossesAmt
Other Expenditures$49,317OtherExpendituresAmt
End Year Balance$6,689,298EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,003,535BeginningYearBalanceAmt
Contributions$102,540ContributionsAmt
Investment Earnings Or Losses$135,626InvestmentEarningsOrLossesAmt
Other Expenditures$44,064OtherExpendituresAmt
End Year Balance$4,197,637EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,927,732BeginningYearBalanceAmt
Contributions$26,436ContributionsAmt
Investment Earnings Or Losses$110,710InvestmentEarningsOrLossesAmt
Other Expenditures$61,343OtherExpendituresAmt
End Year Balance$4,003,535EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,943,006BeginningYearBalanceAmt
Contributions$60,125ContributionsAmt
Investment Earnings Or Losses$17,643InvestmentEarningsOrLossesAmt
Other Expenditures$84,042OtherExpendituresAmt
End Year Balance$3,927,732EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,522,900BeginningYearBalanceAmt
Contributions$48,665ContributionsAmt
Investment Earnings Or Losses$415,091InvestmentEarningsOrLossesAmt
Other Expenditures$52,650OtherExpendituresAmt
End Year Balance$3,943,006EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.04350BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.77130PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.18520TermEndowmentBalanceEOYPct
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$2,472,909TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$1,409,871NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$11,500DonatedServicesAndUseFcltsAmt
Revenue Not Reported-$1,398,371RevenueNotReportedAmt
Revenue Subtotal$3,871,280RevenueSubtotalAmt
Total Revenue Per Form990$3,871,280TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$934,090TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$934,090ExpensesSubtotalAmt
Total Expenses Per Form990$934,090TotalExpensesPerForm990Amt

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
Recipient119RecipientCnt
Cash Grant$124,740CashGrantAmt
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 (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmt
RONALD D RHAMES
EX OFFICIO$30,198$179,346$513$30,711$179,346
MARSHALL WHITE JR
EX OFFICIO$44,865$115,646$1,289$46,154$115,646

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, DR. MARSHALL WHITE, JR., TIMOTHY Q. NELSON AND TOM A. SCHLITMAN. THE FOUNDATION ALSO PAYS MEMBERSHIP DUES FOR PROFESSIONAL ORGANIZATIONS FOR THE DEVELOPMENT OFFICE STAFF.ExplanationTxt

Schedule M IRS990ScheduleM

Cars And Other Vehicles CarsAndOtherVehiclesGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution2ContributionCnt
Noncash Contributions Rpt F990$38,904NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)TECH. EQUIPMENT11$75,244FMV
Yes (X)FLOWERS1$1,200FMV
Yes (X)OTHER8$1,153FMV
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (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.MTCFOUNDATION.NET/IRS-FORMS
FORM 990, PAGE 6, PART VI, LINE 15BBOTH THE PRESIDENT OF THE COLLEGE AND 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.MTCFOUNDATION.NET/IRS-FORMS. RECENT 990'S ARE ALSO AVAILABLE VIA THE THIRD PARTY WEBSITE "GUIDESTAR"
FORM 990, PART IX, LINE 11GCAPITAL CAMPAIGN 0 0 147,822 DIVISION SUPPORT 21,604 0 0 EVENTS 0 0 8,551 GENERAL SUPPORT 0 0 25,123

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 FacilitiesYes (true)SharingOfFacilitiesInd
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 (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
MIDLANDS TECHNICAL COLLEGE
M$3,000CASH
MIDLANDS TECHNICAL COLLEGE
N$77,597FMV

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