Civic Intelligence

Morgan Community College Foundation

990 • Fiscal year 2017 • EIN 23-7092582

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 01, 2018

Organization Profilemorgancc.edu/giving
300 Main StreetFort Morgan, CO 80701

(970) 542-3106

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

23rd percentile

0.05x

Higher debt load relative to revenue than 23% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

86th percentile

33%

Higher net margin than 86% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

78th percentile

16%

Faster asset growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

76%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$6,222,829

Up $856,047 (+16%) from 2016

Net Assets

Up

$6,179,770

Up $843,696 (+16%) from 2016

Liabilities

Up

$43,059

Up $12,351 (+40%) from 2016

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin86th percentile

Revenue

Up

$842,339

Up $363,039 (+76%) from 2016

Expenses

Up

$563,226

Up $116,846 (+26%) from 2016

Net Income

Up

$279,113

Up $246,193 (+748%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2013: $5,141,826Liabilities 2013: $38,696Net Assets 2013: $5,103,1302013Assets 2014: $5,418,175Liabilities 2014: $0Net Assets 2014: $5,418,1752014Assets 2015: $5,172,403Liabilities 2015: $35,061Net Assets 2015: $5,137,3422015Assets 2016: $5,366,782Liabilities 2016: $30,708Net Assets 2016: $5,336,0742016Assets 2017: $6,222,829Liabilities 2017: $43,059Net Assets 2017: $6,179,7702017Assets 2018: $7,040,647Liabilities 2018: $319,825Net Assets 2018: $6,720,8222018Assets 2019: $8,936,327Liabilities 2019: $271,293Net Assets 2019: $8,665,0342019Assets 2020: $9,672,402Liabilities 2020: $280,260Net Assets 2020: $9,392,1422020Assets 2021: $10,642,120Liabilities 2021: $154,848Net Assets 2021: $10,487,2722021Assets 2022: $9,505,474Liabilities 2022: $102,184Net Assets 2022: $9,403,2902022Assets 2023: $13,346,112Liabilities 2023: $79,900Net Assets 2023: $13,266,2122023Assets 2024: $13,376,138Liabilities 2024: $119,855Net Assets 2024: $13,256,2832024

Highlighted filing

2017

Assets$6,222,829
Liabilities$43,059
Net Assets$6,179,770
Open 2017 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2013: $767,766Expenses 2013: $460,881Net Income 2013: $306,8852013Revenue 2014: $693,921Expenses 2014: $401,825Net Income 2014: $292,0962014Revenue 2015: $344,937Expenses 2015: $571,961Net Income 2015: -$227,0242015Revenue 2016: $479,300Expenses 2016: $446,380Net Income 2016: $32,9202016Revenue 2017: $842,339Expenses 2017: $563,226Net Income 2017: $279,1132017Revenue 2018: $1,823,497Expenses 2018: $683,733Net Income 2018: $1,139,7642018Revenue 2019: $1,884,543Expenses 2019: $895,833Net Income 2019: $988,7102019Revenue 2020: $1,098,502Expenses 2020: $1,189,550Net Income 2020: -$91,0482020Revenue 2021: $1,725,250Expenses 2021: $1,234,538Net Income 2021: $490,7122021Revenue 2022: $1,654,850Expenses 2022: $1,016,412Net Income 2022: $638,4382022Revenue 2023: $3,510,737Expenses 2023: $636,432Net Income 2023: $2,874,3052023Revenue 2024: $2,895,015Expenses 2024: $3,409,127Net Income 2024: -$514,1122024

Highlighted filing

2017

Revenue$842,339
Expenses$563,226
Net Income$279,113
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 1, 2018
Return Version
2017v2.3
Gross Receipts
$865,278
Mission and Program Overview

Mission

The Foundation is dedicated to securing financial resources for hte growth and development of Morgan Community Collge and promoting a superior environment for learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,585,625$5,417,046▲ $831,421
Land, Buildings, and Equipment, Net$634,236$612,439▼ $21,797
Cash and Non-Interest-Bearing Accounts$73,258$177,283▲ $104,025
Savings and Temporary Cash Investments$72,268$14,495▼ $57,773
Prepaid Expenses and Deferred Charges$1,323$1,499▲ $176
Total Assets$5,366,782$6,222,829▲ $856,047
Other Assets Total$72$67▼ $5
Liabilities
Accounts Payable and Accrued Expenses$27,527$43,059▲ $15,532
Deferred Revenue$3,181--
Total Liabilities$30,708$43,059▲ $12,351
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,668,509$2,953,509▲ $285,000
Temporarily Rstr Net Assets$1,169,014$1,697,854▲ $528,840
Unrestricted Net Assets$1,498,551$1,528,407▲ $29,856
Total Net Assets Fund Balance$5,336,074$6,179,770▲ $843,696
Total Liabilities and Net Assets / Fund Balance$5,366,782$6,222,829▲ $856,047

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$612,439$196,607$809,046

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$2,668,509$285,000--$2,953,509
2016$2,704,509$37,000--$2,668,509
2015$2,662,312$42,197--$2,704,509
2014$2,563,920$98,365▲ $27-$2,662,312
2013$2,505,613$59,500▲ $27-$2,563,920
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Alissa HarrisPresident
Brenda SheltonVice President
Robert ChapinVice President
Brittany StanleyBoard Member
Carrie MobleyBoard Member
Dr Robert ThielBoard Member
Lee Ann SamuelsBoard Member
Monty ThomasBoard Member
Rachel RydelBoard Member
Robert SachsBoard Member
Cameron ArmagostTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$548,928
Program Service Revenue
$0
Investment Income
$246,755
Other Revenue
$46,656
All Other Contributions
$548,928
Change in Net Assets
$279,113
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$522,425
Salaries, Compensation, and Employee Benefits$40,801
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$40,801-$40,801
Depreciation Depletion-$21,797-$21,797
Office Expenses-$17,924-$17,924
Fees for Services Accounting-$13,450-$13,450
Insurance-$1,510-$1,510
All Other Expenses-$988-$988
Conferences and Meetings-$777-$777
Advertising-$644-$644
Other Expenses$250,017$127-$127
Total Functional Expenses$465,208$98,018$0$563,226
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$34,603
Fundraising Direct Expenses$20,525
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$58,303$34,603$12,260$22,343
Total Events$58,303$34,603$20,525$14,078
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The Foundations Board of Directors review the Form 990 prior to approval and filing.”

Form 990, Part VI, Section B, Line 12

“Board members fill out a conflict of interest form and document if they believe any conflicts exist. If there is a conflict noted. The remaining Board members determine if that member can remain in a board position.”

Form 990, Part VI, Section C, Line 19

“Governing documents are available upon request from the Foundation office.”

Filing and Contact Details

Filer

Filer Name
Morgan Community College Foundation
EIN
23-7092582
Phone
9705423106
Address
300 MAIN STREET, FORT MORGAN, CO 80701

Signing Officer

Name
Cameron Armagost
Title
Treasurer
Signed
2018-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Chapin
Formed
1970
Legal Domicile
Co
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Liittjohann Kauffman & Pederson CPAs
Address
420 East Platte Avenue, Fort Morgan, CO 80701
Preparer
David A Kauffman
Phone
9708674922
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IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt029923
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0264978
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0173418
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0446380
IRS990/PYOtherRevenueAmt040904
IRS990/PYRevenuesLessExpensesAmt032920
IRS990/PYTotalExpensesAmt0446380
IRS990/PYTotalRevenueAmt0479300
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0279113
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt032578
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt072268
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014495
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0548928
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0264978
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0188943
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0374240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0295216
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01672305
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0246755
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0173418
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt083616
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0261245
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0414957
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01179991
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt046656
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt040904
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt072378
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt058436
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt057593
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0275967
IRS990ScheduleA/PublicSupportCY170Pct00.53460
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.50770
IRS990ScheduleA/PublicSupportTotal170Amt01672305
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0548928
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0264978
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0188943
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0374240
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0295216
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01672305
IRS990ScheduleA/TotalSupportAmt03128263
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0612439
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0196607
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0809046
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02668509
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0285000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02953509
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02704509
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt037000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02668509
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt073000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02662312
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt042197
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02704509
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02563920
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt098365
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02662312
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt027
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt01220
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02505613
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt059500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02563920
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt027
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0612439
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt023700
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt023700
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt020525
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0427
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0427
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Annual Gala
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt07838
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt07838
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt058303
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt058303
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt034603
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt034603
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt014078
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt012260
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt012260
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Foundations Board of Directors review the Form 990 prior to approval and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members fill out a conflict of interest form and document if they believe any conflicts exist. If there is a conflict noted. The remaining Board members determine if that member can remain in a board position.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents are available upon request from the Foundation office.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01169014
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01697854
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05366782
IRS990/TotalAssetsEOYAmt06222829
IRS990/TotalAssetsGrp/BOYAmt05366782
IRS990/TotalAssetsGrp/EOYAmt06222829
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0548928
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt098018

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,222,829
Liabilities
$43,059
Net assets
$6,179,770
Revenue
$842,339
Expenses
$563,226
Net income
$279,113
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.4$0.12$13.3$2.90$3.41$0.51
2023Detailed filing. Detailed filing data is available for this year.$13.3$0.08$13.3$3.51$0.64$2.87
2022Detailed filing. Detailed filing data is available for this year.$9.51$0.10$9.40$1.65$1.02$0.64
2021Detailed filing. Detailed filing data is available for this year.$10.6$0.15$10.5$1.73$1.23$0.49
2020Detailed filing. Detailed filing data is available for this year.$9.67$0.28$9.39$1.10$1.19$0.09
2019Detailed filing. Detailed filing data is available for this year.$8.94$0.27$8.67$1.88$0.90$0.99
2018Detailed filing. Detailed filing data is available for this year.$7.04$0.32$6.72$1.82$0.68$1.14
2017Detailed filing. Detailed filing data is available for this year.$6.22$0.04$6.18$0.84$0.56$0.28
2016Detailed filing. Detailed filing data is available for this year.$5.37$0.03$5.34$0.48$0.45$0.03
2015Detailed filing. Detailed filing data is available for this year.$5.17$0.04$5.14$0.34$0.57$0.23
2014Detailed filing. Detailed filing data is available for this year.$5.42$0.00$5.42$0.69$0.40$0.29
2013Detailed filing. Detailed filing data is available for this year.$5.14$0.04$5.10$0.77$0.46$0.31
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