2023-10-13T11:04:42-05:00 2023-06-30 383567911 REHMANN ROBSON LLC PO BOX 2025 SAGINAW MI 486052025 990 2022-07-01 382673057 FOUNDATION FOR MOTT COMMUNITY COLLEGE FOUN 8107620425 1401 E COURT ST FLINT MI 48503 LENNETTA B CONEY PRESIDENT 8107620425 2023-10-03 1 LENNETTA CONEY 999009999 0 JEFFREY E HERT CPA P00066715 9897999580 2023-10-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LENNETTA B CONEY 1401 E COURT ST FLINT MI 48503 3577245 0 X WWW.MCC.EDU/FOUNDATION X 1986 MI THE FOUNDATION FOR MOTT COMMUNITY COLLEGE IS A COMMUNITY BASED CHARITABLE ORGANIZATION WHOSE MAJOR PURPOSE IS TO ACQUIRE AND DISTRIBUTE RESOURCES TO THE STUDENTS, FACULTY, AND STAFF OF MOTT COMMUNITY COLLEGE, AS IT CONTRIBUTES TO EDUCATIONAL, LITERARY, MULTICULTURAL, AND FINANCIAL EFFORTS THAT ADVANCE EXCELLENCE AND RICHNESS TO THE COMMUNITY. 23 22 0 23 0 0 548617 730753 0 0 518314 539932 -21927 -4111 1045004 1266574 1095814 973455 0 0 0 0 0 0 35548 114427 63989 1210241 1037444 -165237 229130 9893225 10613057 28871 13904 9864354 10599153 X THE FOUNDATION FOR MOTT COMMUNITY COLLEGE IS A COMMUNITY BASED CHARITABLE ORGANIZATION WHOSE MAJOR PURPOSE IS TO ACQUIRE AND DISTRIBUTE RESOURCES TO THE STUDENTS, FACULTY, AND STAFF OF MOTT COMMUNITY COLLEGE, AS IT CONTRIBUTES TO EDUCATIONAL, LITERARY, MULTICULTURAL, AND FINANCIAL EFFORTS THAT ADVANCE EXCELLENCE AND RICHNESS TO THE COMMUNITY. 0 0 973455 973455 1266574 THE GOAL OF THE FOUNDATION FOR MOTT COMMUNITY COLLEGE (FMCC) IS TO FULLY SUPPORT MOTT COMMUNITY COLLEGE (MCC) IN ITS QUEST FOR FINANCIAL STABILITY, AS IT PROVIDES HIGH QUALITY, ACCESSIBLE AND AFFORDABLE EDUCATIONAL OPPORTUNITIES FOR THE SURROUNDING CITIZENRY. MCC IS THE LARGEST AND MOST ECONOMICAL INSTITUTION IN THE REGION AND TRADITIONALLY RELIES ON PROPERTY TAXES, STATE APPROPRIATIONS AND TUITION TO DERIVE A BALANCED BUDGET WITH THE CREATION OF THE FMCC, A FOURTH FUNDING STREAM OF PRIVATE GIFTING IS ADDED TO THE FUNDING MIX. ALL FUNDRAISING EFFORTS ASSIST MCC IN FULFILLING ITS SCHOLARSHIP AND PROGRAMMATIC GOALS AS WELL AS PROVIDES EMERGENCY FUNDING FOR NONTRADITIONAL STUDENT CRISES. EACH FUNDRAISING OBJECTIVE THAT HAS BEEN DERIVED IS TO SUPPORT MCC AS A LEADING ENTITY IN THE REGION AND AS A VIABLE RESOURCE IN THE COLLEGE TOWN PARTNERSHIP. AS AN UNDER GUIDING PRINCIPLE, THE FMCC IS UNIQUELY POISED TO SUPPORT THE COLLEGE AS IT ALLOWS STUDENTS TO GAIN A SKILL, LAUNCH THE FIRST TWO YEARS OF A BACCALAUREATE, AND RETAIN THOSE WHO ALREADY HAVE A DEGREE AND ARE SEEKING AN ALTERNATIVE CAREER PATHWAY. 973455 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 1 1 MI X LENNETTA B CONEY 8107620425 1401 E COURT ST FLINT MI 48503 TERESA MCCLELLAND-SARGENT CHAIR 0.50 X X 0 0 0 CLAUDE HIGH JR IMMEDIATE FORMER CHAIR 0.50 X X 0 0 0 ARMANDO HERNANDEZ TREASURER 0.50 X X 0 0 0 ANTHONY ALEXANDER 1ST VICE CHAIR 0.50 X X 0 0 0 LEANNE PANDUREN 2ND VICE CHAIR 0.50 X X 0 0 0 RAFAEL TURNER DIRECTOR 0.50 X 0 0 0 STEVEN DAWES DIRECTOR 0.50 X 0 0 0 REV PHYLLIS MCCREE DIRECTOR 0.50 X 0 0 0 DR PAUL LAFIA DIRECTOR 0.50 X 0 0 0 HAROLD FORD DIRECTOR 0.50 X 0 0 0 ALEX KADIE DIRECTOR 0.50 X 0 0 0 DEAN KEIPERT DIRECTOR 0.50 X 0 0 0 JOHN KRUPP DIRECTOR 0.50 X 0 0 0 VINCE LORRAINE DIRECTOR 0.50 X 0 0 0 DAVID BRANDT DIRECTOR 0.50 X 0 0 0 BETTY RAMSDELL DIRECTOR 0.50 X 0 0 0 JENNIFER TREMAINE DIRECTOR 0.50 X 0 0 0 MICHELLE RAUCH DIRECTOR 0.50 X 0 0 0 DR BEVERLY WALKER-GRIFFEA DIRECTOR 0.50 39.50 X 0 292804 98727 DR RAJAGOPAL SHANTARAM DIRECTOR 0.50 X 0 0 0 HEATHER BURNASH DIRECTOR 0.50 X 0 0 0 KIAIRA MAY DIRECTOR 0.50 X 0 0 0 ASA ZUCCARO DIRECTOR 0.50 X 0 0 0 LENNETTA B CONEY PRESIDENT 25.00 15.00 X 0 108790 49709 0 401594 148436 0 0 1 0 0 45100 685653 730753 460470 460470 2332820 2253358 79462 79462 79462 53202 45100 57313 -4111 -4111 1266574 0 0 535821 973455 973455 7162 7162 10500 10500 4673 4673 21732 21732 8532 8532 3253 3253 MISCELLANEOUS 7268 7268 BAD DEBTS 611 611 LICENSES PERMITS AND FE 258 258 1037444 973455 28441 35548 20766 2506 697727 120264 78266 89929 93583 4038 0 9571663 9658309 86565 82666 9893225 10613057 9621 9650 19250 4254 28871 13904 X 1139939 1202270 8724415 9396883 9864354 10599153 9893225 10613057 229130 505669 0 X X 0 1 X 1 0 X 2577032 823847 655641 548617 730753 5335890 481994 279690 315751 217057 220146 1514638 3059026 1103537 971392 765674 950899 6850528 1895868 4954660 511857 497530 584233 908943 460470 2963033 19737 12471 1470 7681 53202 94561 9908122 0.50010 0.51980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6916024 90749 774702 414178 35663 7331634 8548422 84532 -1384382 292341 40207 6916024 6639520 174844 2105592 354142 17392 8548422 7913610 79452 262896 1596048 20390 6639520 5976539 1838970 420720 309318 13301 7913610 0.15000 0.61000 0.24000 1 0 0 X 1808709 505669 36466 542135 1266574 0 1266574 1257590 220146 220146 1037444 0 1037444 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO EITHER PROVIDE ACADEMIC SCHOLARSHIPS TO MCC STUDENTS OR TO PROVIDE A STREAM OF UNRESTRICTED FUNDS TO AID IN PROVIDING SUPPORT TO THE COLLEGE TO HELP WITH MARKETING AND ADVERTISING COSTS. PART X, LINE 2: THE FOUNDATION OPERATES AS A NOT-FOR-PROFIT CORPORATION CLASSIFIED AS A PUBLIC CHARITY, AS DESCRIBED IN SECTIONS 509(A)(1), AND 170(B)(1)(A)(IV) OF THE U.S. INTERNAL REVENUE CODE AND HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR SUCH TAXES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. MOTT, MOTOWN & MORE 32982 13627 19355 4388 10172 MUSIC FUNDRAISER 31473 11368 20105 1550 6000 725 3 33847 20105 13742 1348 15728 150 17252 98302 45100 53202 2898 20116 6150 28149 57313 -4111 1 MOTT COMMUNITY COLLEGE 1401 EAST COURT STREET FLINT MI 48503 381914697 501C3 973455 0 SCHOLARSHIPS AND PROGRAM SUPPORT 1 PART I, LINE 2: THE FOUNDATION RECIEVES GRANTS AND AN INDIVIDUAL GRANT MANAGER IS ASSIGNED TO OVERSEE THEM. ALL GRANTS HAVE THE SUPPORT OF MOTT COMMUNITY COLLEGE'S GRANT DEPARTMENT AND ACCOUNTING DEPARTMENT TO BE SURE THAT BOTH THE FINANCIAL AND PROGRAM OBJECTIVES ARE MET. 0 0 0 0 0 0 0 0 0 DR BEVERLY WALKER-GRIFFEA DIRECTOR 0 292804 0 0 0 0 0 88739 0 9988 0 391531 0 0 LENNETTA B CONEY PRESIDENT 0 108790 0 0 0 0 0 32161 0 17548 0 158499 0 0 FORM 990, PART VI, SECTION A, LINE 7A ANY VACANCIES FOR THE PRESIDENT, EXECUTIVE SECRETARY, OR FINANCIAL OFFICER IS APPOINTED BY THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 7B THE RESTRICTED RESERVE POWER OF THE COLLEGE ARE AS FOLLOWS: ANY VACANCY IN THE OFFICE OF PRESIDENT, EXECUTIVE SECRETARY OR FINANCIAL OFFICER SHALL BE FILLED BY THE COLLEGE. THE COLLEGE MAY, IN ITS DISCRETION, REMOVE THE PRESIDENT, FINANCIAL OFFICER OR EXECUTIVE SECRETARY. ANY VACANCY IN THE OFFICE OF PRESIDENT OR FINANCIAL OFFICER SHALL BE FILLED BY THE COLLEGE. THE COLLEGE MAY FILL ANY VACANCY IN THE OFFICE OF EXECUTIVE SECRETARY. THE COLLEGE SHALL APPOINT THE PRESIDENT OF THE FOUNDATION WHO SHALL SERVE AS A NONVOTING MEMBER OF THE FOUNDATION BOARD OF DIRECTORS. THESE BYLAWS MAY BE AMENDED, ALTERED OR REPEALED BY A TWO THIRD (2/3) VOTE OF THE FOUNDATION BOARD OF DIRECTORS AND APPROVED BY RESOLUTION OF THE CHARLES STEWART MOTT COMMUNITY COLLEGE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE WILL REVIEW IN DETAIL AND APPROVE THE RECOMMENDATION TO FILE TO THE FULL BOARD. THE BOARD WILL REVIEW AND APPROVE TO FILE THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C AFTER THE ANNUAL MEETING, EACH BOARD MEMBER COMPLETES A REQUIRED CONFLICT OF INTEREST QUESTIONNAIRE TO COMMUNICATE ANY CONFLICTS THE COMPLETED FORMS RETURNED TO THE FOUNDATION PRESIDENT, ARE REVIEWED AND PROVIDED TO THE EXECUTIVE COMMITTEE FOR MONITORING. IF A CONFLICT ARISES THE BOARD MEMBER, WHO HAS A CONFLICT OF INTEREST WILL NOT VOTE ON MATTER AT HAND. FORM 990, PART VI, SECTION C, LINE 18 ALL AVAILABLE UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 ALL AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS PROCESS FROM PRIOR YEARS FOR REVIEWING AND SELECTING AN INDEPENDENT AUDITOR. MOTT COMMUNITY COLLEGE 1401 EAST COURT STREET FLINT MI 48503 381914697 MI 501(C)(3) 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0