Missouri Colleges Fund Inc
- Assets
- $82.8k
- Revenue
- $642.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Jefferson City, MO
- Founding
- 07/1954
- Data as of
- 12/2021
- EIN
- 43-0680952
Organization Overview
Missouri Colleges Fund Inc is located in Jefferson City, MO. The organization was established in 1954. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 12/2021, Missouri Colleges Fund Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missouri Colleges Fund 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 12/2021, Missouri Colleges Fund Inc generated $642.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $649.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Missouri Colleges Fund Inc has awarded 141 individual grants totaling $3,438,582. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MISSOURI COLLEGES FUND IS TO ACQUIRE RESOURCES TO HELP EDUCATE STUDENTS IN OUR MEMBER INDEPENDENT FOUR YEAR LIBERAL-ARTS COLLEGES AND UNIVERSITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE MISSOURI COLLEGES FUND PROVIDED NEEDS-BASED FINANCIAL AID TO OVER 500 STUDENTS, PERMITTING THEM TO ATTEND AN INDEPENDENT COLLEGE OR UNIVERSITY IN MISSOURI WHERE THE STUDENTS MIGHT OTHERWISE NOT HAVE BEEN ABLE TO ENROLL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Backer Past President | Officer | 40 | $175,460 |
Dr Keith Ross Secretary/treas | OfficerTrustee | 1 | $0 |
Dr Anthony Allen Vice Chair | OfficerTrustee | 1 | $0 |
Kris Lensmeyer Chairperson | OfficerTrustee | 1 | $0 |
Susan Stegeman President | Officer | 40 | $0 |
Dr Jeremy Moreland Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $327,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,657 |
| Total Program Service Revenue | $283,150 |
| Investment income | $2,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $642,764 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $333,642 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $201,647 |
| Compensation of current officers, directors, key employees. | $36,367 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,731 |
| Pension plan accruals and contributions | $3,200 |
| Other employee benefits | $3,600 |
| Payroll taxes | $14,667 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,386 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,860 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,816 |
| Travel | $2,599 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $379 |
| Interest | $0 |
| Payments to affiliates | $10,000 |
| Depreciation, depletion, and amortization | $232 |
| Insurance | $475 |
| All other expenses | $0 |
| Total functional expenses | $649,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,507 |
| Savings and temporary cash investments | $25,429 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $303 |
| Investments—publicly traded securities | $3,534 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $82,773 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $44,377 |
| Net assets with donor restrictions | $38,396 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $82,773 |
Grants Awarded
Over the last fiscal year, Missouri Colleges Fund Inc has awarded $331,949 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis, MO PURPOSE: NEED BASED FINANCIAL AID | $33,005 |
St Louis, MO PURPOSE: NEED BASED FINANCIAL AID | $27,755 |
St Charles, MO PURPOSE: NEED BASED FINANCIAL AID | $22,755 |
Fulton, MO PURPOSE: NEED BASED FINANCIAL AID | $22,666 |
Hannibal, MO PURPOSE: NEED BASED FINANCIAL AID | $21,755 |
Bolivar, MO PURPOSE: NEED BASED FINANCIAL AID | $20,299 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Missouri Colleges Fund Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
George H Riedel Foundation Hannibal, MO PURPOSE: COLLEGE SCHOLARSHIPS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Coe College Cedar Rapids, IA | $182,564,776 | $91,175,984 |
Benedictine College Atchison, KS | $163,686,664 | $96,440,027 |
Trevecca Nazarene University Nashville, TN | $238,062,092 | $96,180,255 |
Hendrix College Conway, AR | $318,329,586 | $98,419,951 |
Knox College Galesburg, IL | $294,322,347 | $90,404,751 |
Ottawa University Ottawa, KS | $107,254,264 | $83,319,178 |
Drury University Springfield, MO | $197,297,672 | $75,721,067 |
Nebraska Wesleyan University Lincoln, NE | $157,848,451 | $80,524,359 |