EIN 23-7315067

Midland College Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
State
Year formed
1973
Most recent tax filings
2022-12-01
Description
The Midland College Foundation's purpose is to advance education through financial support of Midland College, including all of its departments, by the improvement of its research, teaching, scholarship and facilities.
Total revenues
$33,003,754
2022
Total expenses
$16,689,584
2022
Total assets
$78,503,013
2022
Num. employees
0
2022

Program areas at Midland College Foundation

Payments made to Midland College for the operating budget and fund Midland College scholarships

Who funds Midland College Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Scharbauer FoundationPre-K Academy and Center for Teaching Excellence$7,000,000
Communities Foundation of TexasThis Grant Is Designated for the Prek Academy and Center for Teaching Excellence, Scholarships and General Support.$3,063,836
Warren Charitable FoundationTo Further Charitable Purpose$500,000
...and 33 more grants received totalling $12,135,372

Personnel at Midland College Foundation

NameTitleCompensation
Rick BenderVice President - Administration Services
Mike OestmannBoard Member$0
Linda CowdenSecretary$0
Richard CoatsTreasurer$0
Cadell LiedtkeOfficers President$0
...and 2 more key personnel

Financials for Midland College Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$29,723,820
Program services$0
Investment income and dividends$1,956,536
Tax-exempt bond proceeds$0
Royalty revenue$1,323,398
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$33,003,754

Form 990s for Midland College Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-10990View PDF
2019-122021-02-24990View PDF
2018-122020-02-10990View PDF
...and 9 more Form 990s
Data update history
January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 8, 2024
Updated personnel
Identified 3 new personnel
January 1, 2024
Received grants
Identified 12 new grant, including a grant for $500,000 from Warren Charitable Foundation
October 22, 2023
Received grants
Identified 1 new grant, including a grant for $115,000 from Helen Greathouse Charitable Trust
August 20, 2023
Received grants
Identified 32 new grant, including a grant for $7,000,000 from Scharbauer Foundation
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsState / local levelCommunity engagement / volunteeringTax deductible donationsNo full-time employees
General information
Address
3600 N Garfield
Midland, TX 79705
Metro area
Midland, TX
County
Midland County, TX
Phone
(432) 685-4526
IRS details
EIN
23-7315067
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1973
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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