Macomb Community College Foundation

Organization Overview

Macomb Community College Foundation is located in Warren, MI. The organization was established in 1999. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Macomb Community College Foundation 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 06/2021, Macomb Community College Foundation generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Macomb Community College Foundation has awarded 60 individual grants totaling $9,849,436. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT AND PROMOTE THE EDUCATIONAL AND CULTURAL ACTIVITIES AT AND ON BEHALF OF MACOMB COMMUNITY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AMOUNTS DISTRIBUTED TO MACOMB COMMUNITY COLLEGE IN SUPPORT OF ITS EDUCATIONAL AND CULTURAL MISSION.


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Board, Officers & Key Employees

Name (title)Compensation
James O Sawyer IV
Chair
$0
Katherine Lorenzo
Vice Chair
$0
Kevin Chandler
Secretary
$0
Elizabeth A Argiri
Treasurer
$0
Christina Ayar
Foundation Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$17,770
Related organizations$162,954
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$658,898
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$839,622
Total Program Service Revenue$0
Investment income $235,319
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,633,466
Net Income from Fundraising Events $4,923
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,951,409

Grants Awarded

Over the last fiscal year, Macomb Community College Foundation has awarded $2,783,756 in support to 4 organizations.

Grant RecipientAmount

MACOMB COMMUNITY COLLEGE

PURPOSE: TO SUPPORT MACOMB COMMUNITY COLLEGE'S EDUCATION AND CULTURAL MISSION

$1,386,878

MACOMB COMMUNITY COLLEGE

PURPOSE: TO SUPPORT MACOMB COMMUNITY COLLEGE'S EDUCATION AND CULTURAL MISSION

$1,386,878

SKYPERSONIC LLC

PURPOSE: INNOVATION FUND AWARD

$5,000

SKYPERSONIC LLC

PURPOSE: INNOVATION FUND AWARD

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Macomb Community College Foundation has recieved totaling $2,500.

Awarding OrganizationAmount
S Gary Spicer Sr Foundation

Grosse Pointe, MI

PURPOSE: SCHOLARSHIP FUND

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$25,467,532
Earnings$7,336,899
Admin Expense$238,079
Net Contributions$844,545
Grants$1,141,432
Ending Balance$32,269,465

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