MIDLAND COLLEGE FOUNDATION INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MIDLAND COLLEGE FOUNDATION INC (EIN 23-7315067)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-14
- IRS object ID
- 201243199349300794
- Schema version
- 2011v1.2
- 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) |
|---|---|---|
| Timestamp | 2012-11-14T09:09:01-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHNSON MILLER & CO CPA'S PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 550 W TEXAS AVE STE 1000 | AddressLine1 |
| City | MIDLAND | City |
| State | TX | State |
| ZIP Code | 797014279 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237315067 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDLAND COLLEGE FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MIDL | NameControl |
| Phone | 4326847851 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3600 N GARFIELD | AddressLine1 |
| City | MIDLAND | City |
| State | TX | State |
| ZIP Code | 79705 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MR RICK BENDER | Name |
| Title | VICE PRESIDENT-ADMIN SVCS | Title |
| Phone | 4326847851 | Phone |
| Date Signed | 2012-10-26 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ALAN DOUGLAS | Name |
| Phone | 4326831835 | Phone |
| Date Prepared | 2012-11-14 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4615838 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MIDLANDCOLLEGEFOUNDATION.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1973 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | MIDLAND COLLEGE FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE SUPPORT FOR THE EDUCATIONAL GOALS OF MIDLAND COLLEGE AND ITS STUDENTS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 25 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 24 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 5395812 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2701341 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3677472 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1914497 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 9073284 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4615838 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 5889517 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1418771 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 221089 | OtherExpensePriorYear |
| Other Expenses Current Year | 329306 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 6110606 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1748077 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2962678 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2867761 | RevenuesLessExpensesCY |
| Total Assets BOY | 32420801 | TotalAssetsBOY |
| Total Assets EOY | 33044134 | TotalAssetsEOY |
| Total Liabilities BOY | 691709 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 520130 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 31729092 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 32524004 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | MIDLAND COLLEGE FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE SUPPORT FOR THE EDUCATIONAL GOALS OF MIDLAND COLLEGE AND ITS STUDENTS. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | PAYMENTS MADE TO MIDLAND COLLEGE FOR THE OPERATING BUDGET | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1418771 | Expense |
| Grants | 1418771 | Grants |
| Description | PAYMENTS MADE TO MIDLAND COLLEGE FOR THE OPERATING BUDGET AND FUND MIDLAND COLLEGE SCHOLARSHIPS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 1418771 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 1418771 | TotalOfOtherProgramServiceGrnt |
| Total Program Service Expense | 1418771 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | false | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 4 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | false | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | false | Form8899Filed |
| Form1098 C Filed | false | Form1098CFiled |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 25 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICK BENDER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4326847851 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3600 N GARFIELD | AddressLine1 |
| City | MIDLAND | City |
| State | TX | State |
| ZIP Code | 79705 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (24 entries)
| Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | TitleTitle | OfficerOfficer |
|---|---|---|---|---|---|
| CADELL LIEDTKE | |||||
| X | 0 | 0 | 0 | ||
| CAROLE WARREN | |||||
| X | 0 | 0 | 0 | ||
| JIM HENRY | |||||
| X | 0 | 0 | 0 | ||
| STEVE THOMAS PH D | |||||
| X | 0 | 0 | 0 | ||
| H JOSEPH DE COMPIEGNE | |||||
| X | 0 | 0 | 0 | SECRETARY | X |
| JACK E BROWN | |||||
| X | 0 | 0 | 0 | ||
| LINDA COWDEN | |||||
| X | 0 | 0 | 0 | ||
| TERRY WILKINSON | |||||
| X | 0 | 0 | 0 | ||
| RICHARD MCMILLAN | |||||
| X | 0 | 0 | 0 | PRESIDENT | X |
| SPENCER BEAL | |||||
| X | 0 | 0 | 0 | ||
| TB O'BRIEN | |||||
| X | 0 | 0 | 0 | ||
| MIKE BLACK | |||||
| X | 0 | 0 | 0 | ||
| TIM LEACH | |||||
| X | 0 | 0 | 0 | ||
| WORD WILSON | |||||
| X | 0 | 0 | 0 | ||
| VANGIE LINDSEY | |||||
| X | 0 | 0 | 0 | ||
| MODESTA WILLIAMS | |||||
| X | 0 | 0 | 0 | ||
| GLENN ROGER DDS | |||||
| X | 0 | 0 | 0 | VICE PRESIDE | X |
| ARNULFO T CARRASCO MD | |||||
| X | 0 | 0 | 0 | ||
| RICHARD H COATS | |||||
| X | 0 | 0 | 0 | ||
| TEVIS HERD ESQ | |||||
| X | 0 | 0 | 0 | ||
| DUNCAN KENNEDY | |||||
| X | 0 | 0 | 0 | ||
| PAUL MORROW | |||||
| X | 0 | 0 | 0 | ||
| JULIA JOPLIN SWALLOW | |||||
| X | 0 | 0 | 0 | ||
| RALPH WAY | |||||
| X | 0 | 0 | 0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| All Other Contributions | 2701341 | AllOtherContributions |
| Total Contributions | 2701341 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 808061 | TotalRevenueColumn |
| Exclusion | $808,061 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1106436 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1106436 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1106436 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1106436 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4615838 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1106436 | RelatedOrExemptFunctionIncome |
| Exclusion | $808,061 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1418771 | Total |
| Program Services | 1418771 | ProgramServices |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral |
|---|---|---|
| COMMUNITY ENRICHMENT PROG | 228546 | 228546 |
| OPERATING EXPENSES | 71865 | 71865 |
| PROMOTIONAL EXPENSES | 28895 | 28895 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1748077 | Total |
| Program Services | 1418771 | ProgramServices |
| Management And General | 329306 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 481983 | BOY |
| EOY | 889791 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1131967 | BOY |
| EOY | 1362286 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8081419 | BOY |
| EOY | 7517980 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 383968 | BOY |
| EOY | 113968 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12500 | BOY |
| EOY | 70000 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22328964 | BOY |
| EOY | 23090109 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32420801 | BOY |
| EOY | 33044134 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 293858 | BOY |
| EOY | 197489 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 397851 | BOY |
| EOY | 322641 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 691709 | BOY |
| EOY | 520130 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5918935 | BOY |
| EOY | 4940964 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10922970 | BOY |
| EOY | 11310333 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14887187 | BOY |
| EOY | 16272707 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31729092 | BOY |
| EOY | 32524004 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32420801 | BOY |
| EOY | 33044134 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2867761 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -2072849 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | false | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8423642 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3182230 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1234339 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5395812 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2701341 | CurrentTaxYear |
| Total | 20937364 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8423642 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3182230 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1234339 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5395812 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2701341 | CurrentTaxYear |
| Total | 20937364 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 5689659 | AmountsSubstContributorsTotal |
| Public Support Total170 | 15247705 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 932205 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 788954 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | -726169 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1159612 | CurrentTaxYearMinus1Year |
| Current Tax Year | 808061 | CurrentTaxYear |
| Total | 2962663 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 23900027 | TotalSupport |
| Public Support Pertcentage170 | 0.63800 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.71620 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Disclosed Orgs Legal Control | false | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | false | DisclosedForCharitablePurposes |
| Written Policy Monitoring | false | WrittenPolicyMonitoring |
| Sect170h Requirements Satisfied | false | Sect170hRequirementsSatisfied |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | false | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 21852205 | BeginningOfYearBalance |
| Contributions | 1595132 | Contributions |
| Investment Earnings Or Losses | 647962 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 843788 | GrantsOrScholarships |
| End Of Year Balance | 21955587 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 18619416 | BeginningOfYearBalance |
| Contributions | 1621847 | Contributions |
| Investment Earnings Or Losses | 2456721 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 845779 | GrantsOrScholarships |
| End Of Year Balance | 21852205 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 15277437 | BeginningOfYearBalance |
| Contributions | 342165 | Contributions |
| Investment Earnings Or Losses | 3309112 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 309298 | GrantsOrScholarships |
| End Of Year Balance | 18619416 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 21522040 | BeginningOfYearBalance |
| Contributions | 460909 | Contributions |
| Investment Earnings Or Losses | -5874657 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 830855 | GrantsOrScholarships |
| End Of Year Balance | 15277437 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.18180 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.74110 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.07710 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | false | AreRelatedOrgsListedScheduleR |
| Total Revenue | 4615838 | TotalRevenue |
| Total Expenses | 1748077 | TotalExpenses |
| Excess Or Deficit For Year | 2867761 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -2072849 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -2072849 | TotalAdjustments |
| Excess Or Deficit Per FS | 794912 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 2542989 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -2072849 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -2072849 | RevenueNotRptdF990 |
| Revenue Subtotal | 4615838 | RevenueSubtotal |
| Total Revenue Per Form990 | 4615838 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1748077 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 1748077 | ExpensesSubtotal |
| Total Expenses Per Form990 | 1748077 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL FINANCIAL INFORMATION | Identifier |
| Return Reference | SCHEDULE D, PAGE 4, PART XIV | ReturnReference |
| Explanation | PART V, LINE 4 - INTENDED USES FOR ENDOWMENT FUNDS: ENDOWMENT FUNDS ARE USED TO SUPPORT MIDLAND COLLEGE AND ITS STUDENTS BY PROVIDING RESOURCES FOR GENERAL BUDGET ASSISTANCE, SCHOLARSHIPS AND PHYSICAL PLANT IMPROVEMENTS. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDLAND COLLEGE DISTRICT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 751403958 | EINOfRecipient |
| Amount Of Cash Grant | 1418771 | AmountOfCashGrant |
| Purpose Of Grant | SUPPORT MIDLAND COLL | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ALL OTHER ACCOMPLISHMENT DESCRIPTION | FORM 990, PAGE 2, PART III, LINE 4D | PAYMENTS MADE TO MIDLAND COLLEGE FOR THE OPERATING BUDGET AND FUND MIDLAND COLLEGE SCHOLARSHIPS. |
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | 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. |
| ENFORCEMENT OF CONFLICTS POLICY | FORM 990, PAGE 6, PART VI, LINE 12C | REQUIRE WRITTEN STATEMENT FROM OFFICERS, DIRECTORS AND TRUSTEES. |
| COMPENSATION PROCESS FOR TOP OFFICIAL | FORM 990, PAGE 6, PART VI, LINE 15A | RESOLVE NOT TO COMPENSATE OFFICERS, DIRECTORS OR EXECUTIVES. |
| COMPENSATION PROCESS FOR OFFICERS | FORM 990, PAGE 6, PART VI, LINE 15B | RESOLVE NOT TO COMPENSATE OTHER OFFICERS OR KEY EMPLOYEES. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | FORM 990, PAGE 6, PART VI, LINE 19 | NO DOCUMENTS AVAILABLE TO THE PUBLIC |
| ADDITIONAL INFORMATION | FORM 990, PART XI | LINE 5, NET UNREALIZED GAIN (LOSS) IN MARKETABLE SECURITIES |
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