GOLD2023

Monroe Community College Foundation, Inc.

New Chapters

Rochester, NY   |  www.monroecc.edu/depts/Foundation/
GuideStar Charity Check

Monroe Community College Foundation, Inc.

EIN: 16-1204210


Mission

The Monroe Community College Foundation seeks philanthropic investment to advance academic achievement, innovation, and the mission of excellence at the College.

Ruling year info

1983

Vice President of Institutional Advancement and Executive Director

Ms. Gretchen D. Wood

Main address

1000 East Henrietta Road

Rochester, NY 14623 USA

Show more contact info

EIN

16-1204210

Subject area info

Community college education

Philanthropy

Population served info

Academics

NTEE code info

Fund Raising and/or Fund Distribution (T12)

Community/Junior College (B41)

What we aim to solve

SOURCE: Self-reported by organization

The MCC Foundation was established in 1983 to allow private donors the opportunity to support student success and program excellence at MCC. As a friend or graduate of MCC, you understand the value of a high-quality education, the need to have that education accessible in our community and the importance to our local economy of having a well-trained workforce. Our Every Bright Future Needs a Strong Foundation campaign, launched in 2010, transformed the scholarship program at MCC. The campaign raised $52.5 million, surpassing its historic $50 million goal and helped to ensure every MCC student has the financial support they need to earn their degree or certificate. Thanks to generous supporters we’re able to continue that support.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Philanthropy

Increasing numbers of astute philanthropists have already recognized that private support is essential if MCC is to thrive, remain affordable, and maintain its margin of excellence. Contributions - intellectual, emotional, and financial - will bequeath a precious legacy for the 21st century while helping to assure a healthy future for all the citizens of Monroe County.

Population(s) Served
Students

Where we work

Awards

Accolade Award (Special Events) Gold Star Gala, An Evening to Treasure 2011

CASE District II

Award for Excellence (Fundraising Publications) Best in Category, FUTURES IN FOCUS 2010

SUNYCUAD

Award for Excellence (Special Events) Judges Citation, Gold Star Gala, Gift-Gathering Party 2010

SUNYCUAD

Special Events - 2012 Gold Star Gala, A NIght at the Stardust Lounge 2012

CASE II Accolades Awards

Professional of the Year Award - Diane L. Shoger 2012

CASE II Achievement Awards

Robert L. Payton Award for Voluntary Service - Al Casey 2012

CASE II Achievement Awards

Special Events, Best of Category - 2012 Gala 2013

SUNYCUAD

Educational Fundraising Award 2014

CASE (Council of Advancement and Support of Education)

Award for Electronic Communications - 2014 Annual Report 2015

SUNYCUAD

Educational Fundraising Award 2016

CASE (Council of Advancement and Support of Education)

Award for Electronic Communications - 2016 Impact Report 2017

SUNYCUAD

Affiliations & memberships

Association of Fundraising Professionals - Member 1983

Council for Advancement and Support of Education (CASE) 1983

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Through our Every Bright Future Needs a Strong Foundation initiative, the MCC Foundation works to ensure deserving students receive the scholarship support they need to be successful and complete their plan of study at MCC. Because 90 percent of MCC career program graduates who are employed full-time remain in greater Rochester, this initiative also ensures that MCC remains a force behind our region's economic stability and workforce development.

To continue to increase the amount of support available to MCC students, the MCC Foundation works with donors to expand the number of scholarships available; 11 new scholarship funds were established last year. The Foundation also works with donors to increase the amount of funds available in existing scholarships. The goal of the Every Bright Future initiative is to grow the organization's endowment to $50 million to support students' scholarship needs in perpetuity.

The MCC Foundation has a dynamic board comprised of 54 of greater Rochester's business and community leaders. Led by Executive Director Diane Shoger and supported by the Foundation staff, the MCC Foundation has a comprehensive fundraising program that incorporates annual giving, planned giving, major gifts and special events. The Foundation's strategic plan guides the fundraising plan annually.

The MCC Foundation helped the college launch Scholarships Online, making all MCC scholarships available via an online portal that every student can access to apply. The number of students who are awarded scholarships continues to grow however, the number of applicants still far outnumber the scholarships available. The MCC Foundation continues to work to meet that need.

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

6.60

Average of 17.77 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

2.8

Average of 3.1 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

40%

Average of 45% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Monroe Community College Foundation, Inc.

Revenue & expenses

Fiscal Year: Sep 01 - Aug 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Monroe Community College Foundation, Inc.

Balance sheet

Fiscal Year: Sep 01 - Aug 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Monroe Community College Foundation, Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Sep 01 - Aug 31

SOURCE: IRS Form 990 info

This snapshot of Monroe Community College Foundation, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$198,940 -$849,623 $95,721 $2,045,235 -$4,262,445
As % of expenses -4.7% -18.5% 2.2% 43.8% -71.9%
Unrestricted surplus (deficit) after depreciation -$215,971 -$858,240 $93,147 $2,042,660 -$4,264,142
As % of expenses -5.0% -18.7% 2.1% 43.8% -71.9%
Revenue composition info
Total revenue (unrestricted & restricted) $11,809,412 $5,286,378 $6,197,692 $3,288,892 $5,873,753
Total revenue, % change over prior year 215.9% -55.2% 17.2% -46.9% 78.6%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 2.0% 4.9% 4.3% 11.4% 4.6%
Government grants 0.0% 0.0% 0.0% 6.3% 3.7%
All other grants and contributions 95.0% 93.5% 94.5% 63.1% 88.8%
Other revenue 3.1% 1.6% 1.2% 19.2% 2.9%
Expense composition info
Total expenses before depreciation $4,266,058 $4,585,019 $4,361,557 $4,665,216 $5,925,032
Total expenses, % change over prior year -19.5% 7.5% -4.9% 7.0% 27.0%
Personnel 24.4% 28.0% 25.1% 22.4% 18.4%
Professional fees 1.3% 0.8% 0.7% 0.5% 2.5%
Occupancy 0.0% 3.0% 0.2% 0.2% 0.1%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 62.4% 54.7% 55.9% 41.5% 72.9%
All other expenses 11.9% 13.5% 18.2% 35.4% 6.2%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $4,283,089 $4,593,636 $4,364,131 $4,667,791 $5,926,729
One month of savings $355,505 $382,085 $363,463 $388,768 $493,753
Debt principal payment $0 $0 $0 $0 $218,757
Fixed asset additions $0 $0 $5,006 $0 $0
Total full costs (estimated) $4,638,594 $4,975,721 $4,732,600 $5,056,559 $6,639,239

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 2.0 10.5 1.8 3.2 2.8
Months of cash and investments 45.9 43.7 54.7 61.3 50.2
Months of estimated liquid unrestricted net assets -2.9 -4.9 -5.1 0.5 -8.3
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $701,749 $4,024,600 $649,404 $1,226,311 $1,391,850
Investments $15,605,396 $12,661,088 $19,233,497 $22,606,185 $23,397,040
Receivables $7,764,257 $8,072,234 $8,113,946 $5,567,739 $4,988,501
Gross land, buildings, equipment (LBE) $85,894 $88,697 $93,703 $79,056 $80,558
Accumulated depreciation (as a % of LBE) 91.5% 97.0% 94.6% 96.9% 97.2%
Liabilities (as a % of assets) 2.8% 3.4% 3.6% 5.1% 12.5%
Unrestricted net assets -$1,011,319 -$1,869,559 -$1,861,412 $181,248 -$4,082,894
Temporarily restricted net assets $10,138,985 $10,990,868 N/A N/A N/A
Permanently restricted net assets $14,496,625 $15,015,484 N/A N/A N/A
Total restricted net assets $24,635,610 $26,006,352 $28,992,030 $27,865,860 $30,262,080
Total net assets $23,624,291 $24,136,793 $27,130,618 $28,047,108 $26,179,186

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Vice President of Institutional Advancement and Executive Director

Ms. Gretchen D. Wood

Gretchen has 20 years of experience in the nonprofit field, the last three of those at the MCC Foundation as its executive director and has recently been promoted to vice president of Institutional Advancement for MCC. She is a Certified Fundraising Executive (CFRE) and holds a master of public administration degree with a concentration in nonprofit management from the College at Brockport.

Number of employees

Source: IRS Form 990

Monroe Community College Foundation, Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Monroe Community College Foundation, Inc.

Board of directors
as of 10/23/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Ms. Lori Van Dusen

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Term: 2021 - 2023

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Bernice E. Hatch

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Flor M. Colon

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Stephen M. Polozie

Lewis Tree Service

David Cornell

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Christopher R. Cimini

Buckingham Properties, LLC

Lisa Paulis, MD

Elizabeth Wende Breast Care

Todd K. Baxter

Monroe County Sheriff's Office

Colby Feane

Armbruster Capital Management

Edward Schuler

Schuler-Haas Electric Corp

DeAnna R. Burt-Nanna

MCC President

Brian J. Capitummino

Woods Oviatt Gilman LLP

John A. Dredger

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Loren Flaum

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Maureen J. Lally

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Patricia Redding

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Richard A. Reingold

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Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 7/6/2021

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser