MIDLANDS TECHNICAL COLLEGE FOUNDATION INC

Address
POST OFFICE BOX 2408
COLUMBIA, SC 29202
Contact
Website: http://www.mtcfoundation.net/
Phone: +1 (803) 732-5333
Nonprofit
NTEE: B113 - Education
EIN: 23-7085753

Mission

TO BUILD MEANINGFUL RELATIONSHIPS WITH DONORS THAT LEAD TO GIFTS THAT SUPPORT THE MISSION OF MIDLANDS TECHNICAL COLLEGE TO PREPARE STUDENTS FOR SUCCESS IN THE WORKFORCE.
 20172016201520142013
Basic features of the organization
Year of formation1970
Subsection code03
PF filing required0    
Metropolitan statistical area1760
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$88,900.00$70,593.00$75,063.00  
Sum of reportable (W2/1099) compensation$88,900.00$70,593.00$75,063.00  
Number of employees000  
Number of volunteers232120  
Number of highly compensated contractors 1   
Personnel
Adams, Scott
TitleVICE CHAIRSECRETARYSECRETARY  
Name of key/compensated personSCOTT R ADAMSSCOTT R ADAMSSCOTT R ADAMS  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Barker, William
Title  TRUSTEE  
Name of key/compensated person  WILLIAM C BARKER  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  1.00  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Blau, Barbara
TitleTRUSTEETRUSTEETRUSTEE  
Name of key/compensated personBARBARA W BLAUBARBARA W BLAUBARBARA W BLAU  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Braun, James
TitleTRUSTEE    
Name of key/compensated personJAMES L BRAUN    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Brinkerhoff, Robert
TitleTRUSTEE    
Name of key/compensated personROBERT BRINKERHOFF    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Corry, Donald
Title TRUSTEETRUSTEE  
Name of key/compensated person MR DONALD CORRYMR DONALD CORRY  
Position of compensated person
Current individual trustee or director TrueTrue  
Average hours per week working for org 1.001.00  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Dubberly, David
TitleTRUSTEETRUSTEETRUSTEE  
Name of key/compensated personDAVID E DUBBERLYDAVID E DUBBERLYDAVID E DUBBERLY  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Dukes, Ryan
TitleTRUSTEETRUSTEE   
Name of key/compensated personRYAN DUKESRYAN DUKES   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Edmond, Tomothy
TitleTRUSTEE    
Name of key/compensated personJUDGE TOMOTHY C EDMOND    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Halfacre, Randall
Title TRUSTEE   
Name of key/compensated person RANDALL HALFACRE   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 1.00   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Hampton, Gwen
TitleSECRETARYTRUSTEE   
Name of key/compensated personGWEN HAMPTONGWEN HAMPTON   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrue    
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Hudgens, John
Title  TRUSTEE  
Name of key/compensated person  JOHN H HUDGENS III  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  1.00  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Jackson, Randall
Title  EX OFFICIO  
Name of key/compensated person  RANDALL JACKSON  
Position of compensated person
Current individual trustee or director  True  
Current officer  True  
Average hours per week working for org  1.00  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Jackson, Solomon
TitleTRUSTEETRUSTEETRUSTEE  
Name of key/compensated personSOLOMON JACKSON JRSOLOMON JACKSON JRSOLOMON JACKSON JR  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Johnson, Walter
TitleCHAIRVICE-CHAIRVICE-CHAIR  
Name of key/compensated personWALTER JOHNSONWALTER JOHNSONWALTER JOHNSON  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Kirkland, William
TitleTRUSTEETRUSTEETRUSTEE  
Name of key/compensated personWILLIAM KIRKLANDWILLIAM KIRKLANDWILLIAM KIRKLAND  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Knox, Marion
TitleTRUSTEECHAIRCHAIR  
Name of key/compensated personMARION A KNOX JRMARION A KNOX JRMARION A KNOX JR  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officer TrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Langley, Willis
TitleTRUSTEE    
Name of key/compensated personWILLIS LANGLEY III    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Magaro, Ernest
TitleTRUSTEETRUSTEE   
Name of key/compensated personERNEST MAGARO IIIERNEST MAGARO III   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Magaro, Ernie
TitleTRUSTEETRUSTEETRUSTEE  
Name of key/compensated personERNIE MAGARO JRERNIE MAGARO JRERNIE MAGARO  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
McClelland, R
TitleTREASURERTREASURERTREASURER  
Name of key/compensated personR SCOTT MCCLELLANDR SCOTT MCCLELLANDR SCOTT MCCLELLAND  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
McGee, Ted
Title  TRUSTEE  
Name of key/compensated person  TED O MCGEE JR  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  1.00  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Nelson, Timothy
Title  EX OFFICIO  
Name of key/compensated person  TIMOTHY Q NELSON  
Position of compensated person
Current individual trustee or director  True  
Current officer  True  
Average hours per week working for org  1.00  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Patterson, Mark
Title  TRUSTEE  
Name of key/compensated person  MARK PATTERSON  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  1.00  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Persons, Thomas
TitleTRUSTEE EMERTRUSTEE EMERTRUSTEE EMER  
Name of key/compensated personTHOMAS E PERSONS SRTHOMAS E PERSONS SRTHOMAS E PERSONS SR  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Powers, Joseph
TitleTRUSTEETRUSTEE   
Name of key/compensated personJOSEPH POWERSJOSEPH POWERS   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Reynolds, James
TitleTRUSTEE EMERTRUSTEE EMER   
Name of key/compensated personJAMES REYNOLDSJAMES REYNOLDS   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Rhames, Ronald
TitleTRUSTEE EMERTRUSTEE EMEREX OFFICIO  
Name of key/compensated personRONALD D RHAMESRONALD D RHAMESRONALD D RHAMES  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org5.005.002.00  
Reportable compensation from org$88,900.00$70,593.00$30,198.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$513.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $190,588.00$159,407.00$179,346.00  
Sweetland, Gerald
TitleTRUSTEETRUSTEETRUSTEE  
Name of key/compensated personGERALD SWEETLANDGERALD SWEETLANDGERALD SWEETLAND  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
White, Marshall
Title  EX OFFICIO  
Name of key/compensated person  MARSHALL WHITE JR  
Position of compensated person
Current individual trustee or director  True  
Current officer  True  
Average hours per week working for org  5.00  
Reportable compensation from org  $44,865.00  
Other comp, non-reportable, from org and related orgs  $1,289.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $115,646.00  
Williams, Michael
TitleTRUSTEETRUSTEE   
Name of key/compensated personMICHAEL WILLIAMSMICHAEL WILLIAMS   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Wollard, David
TitleTRUSTEETRUSTEE   
Name of key/compensated personDAVID WOLLARDDAVID WOLLARD   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO BUILD MEANINGFUL RELATIONSHIPS WITH DONORS THAT LEAD TO GIFTS THAT SUPPORT THE MISSION OF MIDLANDS TECHNICAL COLLEGE TO PREPARE STUDENTS FOR SUCCESS IN THE WORKFORCE.TO BUILD MEANINGFUL RELATIONSHIPS WITH DONORS THAT LEAD TO GIFTS THAT SUPPORT THE MISSION OF MIDLANDS TECHNICAL COLLEGE TO PREPARE STUDENTS FOR SUCCESS IN THE WORKFORCE.TO BUILD MEANINGFUL RELATIONSHIPS WITH DONORS THAT LEAD TO GIFTS THAT SUPPORT THE MISSION OF MIDLANDS TECHNICAL COLLEGE TO PREPARE STUDENTS FOR SUCCESS IN THE WORKFORCE.  
Program service expenses, total$702,028.00$845,323.00$615,222.00  
Programs, including revenue & expenses
ENHANCEMENTS IN SUPPORT OF MIDLANDS TECHNICAL COLLEGE PROGRAMS
Program expenses$482,941.00$527,343.00$497,204.00  
Grants and allocations made$18,918.00$30,855.00$6,722.00  
Program descriptionENHANCEMENTS IN SUPPORT OF MIDLANDS TECHNICAL COLLEGE PROGRAMSENHANCEMENTS IN SUPPORT OF MIDLANDS TECHNICAL COLLEGE PROGRAMSENHANCEMENTS IN SUPPORT OF MIDLANDS TECHNICAL COLLEGE PROGRAMS  
PROVISION OF SCHOLARSHIPS WHICH ASSIST STUDENTS WITH NEEDED FUNDS TO DEFRAY THE COST OF TUITION AT MIDLANDS TECHNICAL COLLEGE, NONE GREATER THAN 2,000.
Program expenses$219,087.00$317,980.00$118,018.00  
Grants and allocations made$219,087.00$317,980.00$118,018.00  
Program descriptionPROVISION OF SCHOLARSHIPS WHICH ASSIST STUDENTS WITH NEEDED FUNDS TO DEFRAY THE COST OF TUITION AT MIDLANDS TECHNICAL COLLEGE, NONE GREATER THAN 2,000.PROVISION OF SCHOLARSHIPS WHICH ASSIST STUDENTS WITH NEEDED FUNDS TO DEFRAY THE COST OF TUITION AT MIDLANDS TECHNICAL COLLEGE, NONE GREATER THAN 2,000.PROVISION OF SCHOLARSHIPS WHICH ASSIST STUDENTS WITH NEEDED FUNDS TO DEFRAY THE COST OF TUITION AT MIDLANDS TECHNICAL COLLEGE, NONE GREATER THAN 2,000.  
Financial data
Revenue
Total revenue$1,397,871.00$2,464,554.00$3,871,280.00  
Revenue from contributions (total)$954,547.00$2,427,705.00$2,469,307.00$1,244,745.00$557,066.00
Revenue from noncash contributions$13,261.00$151,433.00$116,501.00  
Investment income, current yr$435,775.00$20,835.00$1,401,973.00  
Total revenue from grants, etc., current yr$954,547.00$2,427,705.00$2,469,307.00  
Total unrelated business revenue$0.00$0.00$0.00  
Other revenue, current yr$7,549.00$16,014.00$0.00  
Program service revenue (total) $0.00 $0.00$0.00
Gross receipts$6,383,792.00$4,925,691.00$12,146,122.00  
Sources of contributions
Revenue from gov't grants$26,500.00$15,000.00$14,000.00  
Revenue from all other contributions$928,047.00$2,412,705.00$2,455,307.00  
Other types of revenue
Income from dividends, interest, and similar investments$171,009.00$209,264.00$174,436.00  
Net rental income $0.00 $0.00$0.00
Net income from fundraising events$7,549.00$16,014.00   
Expense categories (totals)
Total functional expenses: sum of all$977,791.00$1,168,701.00$934,090.00  
Total functional expenses: program service $702,028.00$845,323.00$615,222.00  
Total functional expenses: management and general$122,703.00$62,768.00$137,372.00  
Total functional expenses: fundraising$153,060.00$260,610.00$181,496.00  
Fees for services
Lobbying fees (total)$40,208.00$40,520.00$40,000.00  
Fundraising service fees (total)$0.00$0.00$0.00  
General management fees (total)$3,000.00$3,000.00$3,000.00  
Investment management fees (total)$55,015.00$34,009.00$51,550.00  
Assets and liabilities
Total assets$11,414,632.00$11,087,192.00$9,367,475.00$7,811,496.00$6,527,832.00
Total assets, beginning of year$11,087,192.00$9,367,475.00$7,811,496.00  
Total liabilities$34,404.00$52,892.00$94,812.00$77,652.00$98,226.00
Total liabilities, beginning of year$52,892.00$94,812.00$77,652.00  
Pledges & accounts receivable, net$2,043,380.00$2,721,657.00$1,774,923.00  
Unrestricted net assets, end of yr$1,825,436.00$2,046,383.00$1,443,088.00  
Temporarily restricted net assets$2,704,966.00$2,427,301.00$2,525,101.00  
Permanently restricted net assets, end of yr$6,849,826.00$6,560,616.00$5,304,474.00  
Net assets$11,380,228.00$11,034,300.00$9,272,663.00  
Net assets, beginning of year$11,034,300.00$9,272,663.00$7,733,844.00  
Investments: publicly traded securities$8,804,720.00$8,023,917.00$6,854,533.00  
Other financial variables
Revenue less expenses$420,080.00$1,295,853.00$2,937,190.00  
Advertising (total)$11,400.00$7,052.00$51,637.00  
Savings & temp cash investment$543,069.00$318,450.00$720,745.00  
Accounts receivable, net$18,463.00$18,168.00$12,274.00  
Accounts payable & accrued expenses$34,404.00$52,892.00$94,812.00  
Total net assets or fund balances$11,380,228.00$11,034,300.00$9,272,663.00  
Governance and accountability
Number of voting members232120  
Number of independent voting members232120  
Financial sheets auditedTrueTrueTrue  
Accrual accountingTrueTrueTrue  
Tax year start date2016-07-012015-07-012014-07-01  
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Indicators for schedules (selected)
LobbiedTrueTrueTrue  
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990  
Date e-filing submitted2017-12-212017-03-022016-02-03  
IRS schema version2016v3.02015v2.12014v5.0  
Filing identifier201733139349300613201643159349302359201543109349300309  
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