Metropolitan Community College Facilities Corporation
- Assets
- $7.3m
- Revenue
- $831.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 11/1997
- Data as of
- 06/2021
- EIN
- 91-1838771
Organization Overview
Metropolitan Community College Facilities Corporation is located in Omaha, NE. The organization was established in 1997. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Community College Facilities Corporation 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, Metropolitan Community College Facilities Corporation generated $831.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $439.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACQUIRE BUILDINGS, EQUIPMENT, AND FACILITIES AS SPECIFIED BY AND SUITABLE FOR USE BY METROPOLITAN COMMUNITY COLLEGE AND LEASE THE ASSETS TO METROPOLITAN COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SARPY CENTER AND CONNECTOR BUILDING FACILITIES PROVIDED FOR METROPOLITAN COMMUNITY COLLEGE.
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 |
|---|---|---|---|
Gary Johnson President | Trustee | 1 | $0 |
Barbara J Coffey Vice-President | Trustee | 1 | $0 |
David R Schinzel Secretary/treasurer | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $831,575 |
| Investment income | $0 |
| 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 | $831,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $139,840 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $300,000 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $439,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $144,675 |
| Net Land, buildings, and equipment | $7,200,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,344,675 |
| Accounts payable and accrued expenses | $33,198 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,865,000 |
| 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 | $3,898,198 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $3,446,477 |
| Total liabilities and net assets/fund balances | $7,344,675 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Barton County Elec Coop Inc Lamar, MO | $53,305,232 | $19,554,475 |
Cristo Rey Kansas City Kansas City, MO | $7,796,405 | $4,970,520 |
Ncsl Foundation For State Legislatures Denver, CO | $2,211,691 | $5,844,129 |
Winter Park Recreational Association Greenwood Village, CO | $18,475,736 | $4,398,386 |
Southeast Kansasworks Inc Emporia, KS | $271,427 | $2,525,875 |
Mechanical Contractors Of Kansas City Overland Park, KS | $3,329,023 | $2,016,251 |
Iowa City Downtown Self Supported Municipal Improvement District Iowa City, IA | $210,596 | $1,321,560 |
Otero County Landfill Inc Rocky Ford, CO | $6,422,037 | $1,966,806 |
Boys Hope Girls Hope Leawood, KS | $950,482 | $722,554 |
Wyoming County Commissioners Association Cheyenne, WY | $1,263,025 | $770,576 |
Ypo Inc Overland Park, KS | $800,597 | $621,246 |
Cristo Rey Kansas City Corporate Internship Program Kansas City, MO | $1,768,614 | $1,223,656 |