Marion Technical College Foundation Inc
- Assets
- $1.7m
- Revenue
- $308.8k
- Investments
- $1.5m
- Employees
- 0
- Location
- Marion, OH
- Founding
- 09/1986
- Data as of
- 06/2024
- EIN
- 34-1475294
Organization Overview
Marion Technical College Foundation Inc is located in Marion, OH. The organization was established in 1986. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marion Technical College Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Marion Technical College Foundation Inc generated $308.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $151.7k during the year ending 06/2024. While expenses have increased by 10.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL ASSISTANCE AND EDUCATIONAL MATERIALS TO MARION TECHNICAL COLLEGE AND ITS STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Adams Ex Officio M | 0.5 | $0 | |
Laura Woughter Ex Officio M | 0.5 | $0 | |
Jon Ferguson Member | 0.5 | $0 | |
Jean Obenour Treasurer | 0.5 | $0 | |
Andy Harper Past Preside | 0.5 | $0 | |
Tami Galloway President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $239,663 |
| Interest on Savings | $1,394 |
| Dividends & Interest | $30,344 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,443 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $308,844 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,513 |
| Total operating and administrative expenses | $43,763 |
| Contributions, gifts, grants paid | $107,949 |
| Total expenses and disbursements | $151,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,500 |
| Savings and temporary cash investments | $96,394 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,718,734 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Marion Technical College Foundation Inc has awarded $79,630 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIPS PURPOSE: SCHOLARSHIPS | $68,508 |
CONTRIBUTIONS PURPOSE: CONTRIBUTIONS | $11,122 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Institute Of Aeronautics West Mifflin, PA | $29,962,148 | $13,579,845 |
Operating Engineers Local 324 Journeymen & Apprentice Training F Howell, MI | $25,934,079 | $10,599,294 |
Cincinnati State Technical And Community College Foundation Cincinnati, OH | $17,484,127 | $3,575,978 |
Zane State College Foundation Zanesville, OH | $12,637,212 | $866,965 |
Marion Technical College Foundation Inc Marion, OH | $1,718,734 | $308,844 |