2024-05-03T14:38:10-05:00 2023-06-30 383567911 REHMANN ROBSON LLC MILLIKEN PLACE 107 S CASS STE A TRAVERSE CITY MI 49684 990 2022-07-01 382713145 MID MICHIGAN COLLEGE FOUNDATION MIDM 9893866604 1375 SOUTH CLARE AVENUE HARRISON MI 48625 LILLIAN FRICK VP OF FINANCE 9893866604 2024-05-02 1 LILLIAN FRICK 999009999 1 JEFFREY E HERT CPA P00066715 2319463230 2024-05-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LILLIAN FRICK 1375 SOUTH CLARE AVENUE HARRISON MI 48625 695318 0 X WWW.MIDMICH.EDU X 1987 MI THE MID MICHIGAN COLLEGE FOUNDATION IS A NON-PROFIT MICHIGAN CORPORTION ORGANIZED TO RECEIVE AND ADMINISTER FUNDS FOR CHARITABLE PURPOSES IN SUPPORT OF MID MICHIGAN COLLEGE. THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF RECEIVING AND ADMINISTERING FUNDS FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES. 15 14 0 100 0 0 394548 249893 0 0 312178 127038 15040 61735 721766 438666 260997 230820 0 0 0 0 0 0 0 262762 340841 523759 571661 198007 -132995 5780601 6463632 421642 774579 5358959 5689053 X THE MID MICHIGAN COLLEGE FOUNDATION IS A NON-PROFIT MICHIGAN CORPORTION ORGANIZED TO RECEIVE AND ADMINISTER FUNDS FOR CHARITABLE PURPOSES IN SUPPORT OF MID MICHIGAN COLLEGE. THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF RECEIVING AND ADMINISTERING FUNDS FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES. 0 0 376747 230820 SCHOLARSHIP FUNDS GIVEN TO MID MICHIGAN COLLEGE AND SUPPORT OF COLLEGE ATHLETIC PROGRAMS AND STUDENTS OF PROMISE PROGRAM. 376747 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 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 1 1 0 0 0 0 0 0 X 15 14 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MI X SUSAN CALL 9893866604 1375 S CLARE AVE HARRISON MI 48625 JENNY BEEMER-FRITZINGER TREASURER 1.00 X X 0 0 0 SHELLY BROWNING SECRETARY 1.00 X X 0 0 0 TIM HOOD DIRECTOR/COLLEGE PRESIDENT 40.00 X 0 170345 80100 JENNY HOYLE VICE CHAIR 1.00 X X 0 0 0 ERIN LUDWIG CHAIR 1.00 X X 0 0 0 SARAH OSTAHOWSKI DIRECTOR 1.00 X 0 0 0 ANDREW SANTINI DIRECTOR 1.00 X 0 0 0 JEB ALLEN DIRECTOR 1.00 X 0 0 0 STEPHANIE ALLEN DIRECTOR 1.00 X 0 0 0 WENDY OSWALD DIRECTOR 1.00 X 0 0 0 JILL BOURLAND DIRECTOR 1.00 X 0 0 0 CHRIS MOULTRUP DIRECTOR 1.00 X 0 0 0 LOIS PITTSLEY DIRECTOR 1.00 X 0 0 0 DANA THERING DIRECTOR 1.00 X 0 0 0 NATHAN WEISENBURGER DIRECTOR/TRUSTEE LIASON 1.00 X 0 0 0 0 170345 80100 0 0 1 0 0 14040 235853 15776 249893 149450 149450 223331 245743 -22412 -22412 -22412 72644 14040 10909 61735 61735 438666 0 0 188773 230820 230820 19824 19824 210 210 2831 2018 813 PERSONNEL SERVICES FROM 153142 153142 STUDENT ATHLETICS 143909 143909 OTHER EXPENSES 20925 20925 571661 376747 194914 0 363633 228775 4065164 4573113 1351804 1661744 5780601 6463632 421642 774579 421642 774579 X 3594399 3716368 1764560 1972685 5358959 5689053 5780601 6463632 -132995 463089 0 X X 0 1 X 1 0 X 236507 356384 398162 394548 289526 1675127 236507 356384 398162 394548 289526 1675127 73843 1601284 86179 83810 68054 121927 149450 509420 75117 9367 5400 21777 72644 184305 2368852 0.67600 0.65550 X SCHEDULE A, PART II, LINE 10 EXPLANATION FOR OTHER INCOME: FUNDRAISING EVENT REVENUE: 2017 AMOUNT: $70,710 2018 AMOUNT: $75,117 2019 AMOUNT: $9,367 2020 AMOUNT: $5,400 2021 AMOUNT: $21,777 2022 AMOUNT: $33,011 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1351804 305678 4262 1661744 1293087 48285 10432 1351804 1204828 82050 6209 1293087 1131904 60724 13908 1708 1204828 1116042 702 17103 1943 1131904 0.00000 0.00000 1.00000 0 0 0 DUE TO MID MICHIGAN COLLEGE 774579 774579 X 922280 463089 463089 459191 -20525 -20525 438666 592186 0 592186 -20525 -20525 571661 PART V, LINE 4: ENDOWED FUNDS ARE A CRITICAL PIECE OF THE SUPPORT THAT WE PROVIDE TO STUDENTS. GIFTS TO THESE FUNDS ARE ADDED TO THE ENDOWMENT, WHICH IS INVESTED BUT NEVER SPENT. THE FUND CONTINUES TO GROW AND PROVIDE INVESTMENT INCOME THAT CAN BE DISBURSED FOR THE DESIGNATED PURPOSE OF THE FUND. PART X, LINE 2: THE FOUNDATION IS A NOTFORPROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM SIMILAR STATE AND LOCAL TAXES. ALTHOUGH THE FOUNDATION WAS GRANTED INCOME TAX EXEMPTION BY THE INTERNAL REVENUE SERVICE, SUCH EXEMPTION DOES NOT APPLY TO "UNRELATED BUSINESS TAXABLE INCOME." THE FOUNDATION HAS BEEN CLASSIFIED AS NOT A PRIVATE FOUNDATION. THE FOUNDATION CONSIDERS WHETHER IT HAS ENGAGED IN ACTIVITIES THAT JEOPARDIZE ITS CURRENT TAXEXEMPT STATUS WITH THE INTERNAL REVENUE SERVICE. FURTHERMORE, THE FOUNDATION DETERMINES WHETHER IT HAS ANY UNRELATED BUSINESS INCOME, WHICH MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE FOUNDATION HAS EVALUATED FISCAL YEARS 2020 THROUGH 2023, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2023, FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G. TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE FOUNDATION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT JUNE 30, 2023 OR 2022, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFY GRANTS TO MID MICHIGAN COLLEGE -29,440. FUNDRAISING EXPENSES -10,909. INVESTMENT EXPENSES NETTED WITH REVENUE 19,824. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFY GRANTS TO MID MICHIGAN COLLEGE -29,440. FUNDRAISING EXPENSES -10,909. INVESTMENT EXPENSES NETTED WITH REVENUE 19,824. NORTHERN TRADITION EVENT 70509 9750 60759 1148 3206 GOLF OUTING 16175 4290 11885 6043 511 86684 14040 72644 6043 511 1148 3206 10908 61736 1 MID MICHIGAN COLLEGE 1375 S CLARE AVE HARRISON MI 48625 381812272 GOVERNMENTAL 0 230820 N/A N/A SCHOLARSHIPS, ATHLETICS, AND MISC GRANTS PART I, LINE 2: SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON THE CRITERIA THAT THE FOUNDATION HAS FOR EACH SCHOLARSHIP FUND. THE DIRECTOR OF FINANCIAL AID WILL REVIEW ANY QUESTIONS ON THE SCHOLARSHIP FUNDS WITH THE FOUNDATION. 0 0 0 0 0 0 0 0 0 TIM HOOD DIRECTOR/COLLEGE PRESIDENT 0 166845 0 3500 0 0 0 45009 0 35091 0 250445 0 0 SCHEDULE J, PART VII, LINE 4 THE INDIVIDUALS ON SCHEDULE J ARE NOT EMPLOYED BY THE FOUNDATION; COMPENSATION LISTED IS PAID BY THEIR RELATED ORGANIZATION, MID MICHIGAN COLLEGE. FORM 990, PART VI, SECTION A, LINE 2 THE ASSISTANT VICE PRESIDENT OF THE FOUNDATION AND TRUSTEE, J.E.B. ALLEN ARE BROTHER-IN-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE VP OF FINANCE FOR THE COLLEGE WILL REVIEW THE FORM 990 AND REPORT IT TO THE FOUNDATION BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS ASKED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. IF THERE IS A CONFLICT IT BECOMES A MATTER OF PUBLIC RECORD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING AND OVERSEEING THE WORK OF THE INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR. MID MICHIGAN COLLEGE 1375 S CLARE AVE HARRISON MI 48625 381812272 HIGHER EDUCATION MI SECTION 115 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 MID MICHIGAN COMMUNITY COLLEGE B 230820 CASH MID MICHIGAN COMMUNITY COLLEGE O 153142 CASH