2025-11-17T15:35:26-06:00 2024-12-31 752393478 WHITLEY PENN LLP 550 W TEXAS SUITE 1000 MIDLAND TX 79701 990 2024-01-01 237315067 MIDLAND COLLEGE FOUNDATION MIDL 4326847851 3600 N GARFIELD MIDLAND TX 79705 JEFFREY CHAMBERS VP - ADMIN SERVICES 4326847851 2025-11-15 1 1 CHRIS NOLAN P01604458 4326831835 2024 2025-03-06 01:10:19Z JEFFREY CHAMBERS CPA 3600 N GARFIELD MIDLAND TX 79705 10803197 0 X WWW.MIDLANDCOLLEGEFOUNDATION.ORG X 1973 TX MIDLAND COLLEGE FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE SUPPORT FOR THE EDUCATIONAL GOALS OF MIDLAND COLLEGE AND ITS STUDENTS. 25 25 0 52 0 0 3254593 7924296 0 0 1651247 2000219 642892 878682 5548732 10803197 17852797 11715103 0 0 0 0 0 0 0 1203478 1166624 19056275 12881727 -13507543 -2078530 70879363 74104017 1201506 2532446 69677857 71571571 MIDLAND COLLEGE FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE SUPPORT FOR THE EDUCATIONAL GOALS OF MIDLAND COLLEGE AND ITS STUDENTS. 0 0 11715103 11715103 PAYMENTS MADE TO MIDLAND COLLEGE FOR THE OPERATING BUDGET AND FUND MIDLAND COLLEGE SCHOLARSHIPS 11715103 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TX X JEFFREY CHAMBERS CPA 4326847851 3600 N GARFIELD MIDLAND TX 79705 X ALBERT SHERMAN DIRECTOR 1.00 X 0 0 0 ARNULFO CARRASCO MD DIRECTOR 1.00 X 0 0 0 BJ BEAL DIRECTOR 1.00 X 0 0 0 BECKY FERGUSON DIRECTOR 1.00 X 0 0 0 CADELL LIEDTKE PRESIDENT 1.00 X X 0 0 0 CHIP SMITH DIRECTOR 1.00 X 0 0 0 DAMON KENNEDY DIRECTOR 1.00 X 0 0 0 GARY DOUGLAS DIRECTOR 1.00 X 0 0 0 H JOSEPH DE COMPIENGNE DIRECTOR 1.00 X 0 0 0 JACK BLAKE JR DIRECTOR 1.00 X 0 0 0 JACK HARPER DIRECTOR 1.00 X 0 0 0 JOHN NORWOOD DIRECTOR 1.00 X 0 0 0 JULIA SWALLOW DIRECTOR 1.00 X 0 0 0 JULIE EDWARDS DIRECTOR 1.00 X 0 0 0 KARMEN H BRYANT DIRECTOR 1.00 X 0 0 0 LINDA COWDEN SECRETARY 1.00 X X 0 0 0 MIKE OESTMANN VICE PRESIDENT 1.00 X X 0 0 0 PAUL MORROW DIRECTOR 1.00 X 0 0 0 RICHARD COATS TREASURER 1.00 X X 0 0 0 SCOTT KIDWELL DIRECTOR 1.00 X 0 0 0 TAYLOR MAYNE DIRECTOR 1.00 X 0 0 0 TRAVIS STICE DIRECTOR 1.00 X 0 0 0 TRICIA MICHIE DIRECTOR 1.00 X 0 0 0 WILLIAM DINGUS DIRECTOR 1.00 X 0 0 0 WORD WILSON DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 7924296 7924296 2000219 2000219 878682 878682 10803197 0 0 2878901 11715103 11715103 6800 6800 510520 510520 71136 71136 8639 8639 3755 3755 32818 32818 314905 314905 OTHER OPERATING EXPENSE 218051 218051 12881727 11715103 1166624 0 3966915 5346707 308 0 2916667 83333 53088 1000 88665 104221 63819939 68524584 33781 44172 70879363 74104017 493951 119718 707555 2412728 1201506 2532446 X 11797238 11595913 57880619 59975658 69677857 71571571 70879363 74104017 -2078530 3972237 7 0 X 0 1 X 0 0 X 1879047 2936848 29723820 3254593 7924296 45718604 1879047 2936848 29723820 3254593 7924296 45718604 14920784 30797820 1538936 2476790 3279934 2294139 2878901 12468700 58187304 0.52930 0.56500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37251870 1042227 3299258 1890003 39703352 33749898 1335752 3998458 1832238 37251870 47608151 592923 -6501600 1623479 6326097 33749898 40927365 1437985 7450156 1691418 515937 47608151 37329214 609890 4024998 1036737 40927365 0 0 0 X 14264914 3972237 3972237 10292677 510520 510520 10803197 12371200 0 12371200 510520 7 510527 12881727 PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. GAAP REQUIRES 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 INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 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. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAKING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR YEARS PRIOR TO 2017. PART XII, LINE 4B - OTHER ADJUSTMENTS: PRIOR PERIOD EQUITY ADJUSTMENT 6. ROUNDING 1. 0 MIDLAND COLLEGE 3600 N GARFIELD MIDLAND TX 79705 751403958 GOVERNMENT 11715103 0 OPERATING BUDGET AND FUNDING SCHOLARSHIPS FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO EACH VOTING MEMBER PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES WRITTEN STATEMENT FROM OFFICERS, DIRECTORS AND TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION RESOLVED NOT TO COMPENSATE OFFICERS, DIRECTORS, EXECUTIVES, OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC.