To provide student scholarships and grants, and to support education programs of the College.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $273K a year · 16% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Plus $4.5M in investments, Pt X · Ln 11–13
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $112K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$693K
+9% vs prior year
Spent
$853K
To programs
95%
Net assets
$5.2M
By yearFY2020–FY2025
Revenue
$693K
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$827K
FY2021$2.9M
FY2022$4.2M
FY2023$639K
FY2024$693K
FY2025$889K
Expenses
$853K
FY2024▼ -85%
Tap a bar for its year
Expenses by fiscal year
FY2020$417K
FY2021$467K
FY2022$411K
FY2023$5.5M
FY2024$853K
FY2025$766K
Net assets
$5.2M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.9M
FY2021$6.8M
FY2022$9.6M
FY2023$5.0M
FY2024$5.2M
FY2025$5.5M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1979.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $813K Management & general 4% · $34K Fundraising 1% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
Director (thru Jan 2024)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mid-State Technical College Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers scholarships, grants, and support for college education programs.

Questions for Mid-State Technical College Foundation INC

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Provided by the organization

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1 program · $813K · in their own filed words · FY2023
01

The mid-state technical college foundation provides scholarships, grants and emergency grant and loan assistance solely for students of mid-state technical COLLEGE.AS mid-state technical college analyzes the ever-changing landscape, the mid-state foundation- supports capital fund growth to meet those needs.

$813Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 10 grants · $7.9M · 2019–2024
Unitemized GrantFY2024$340,889
Mid-State Technical CollegeFY2024$327,527
Mid-State Technical CollegeFY2023$476,784
Unitemized GrantFY2023$328,700
Mid-State Technical CollegeFY2022$5,200,623
Unitemized GrantFY2022$292,772
Unitemized GrantFY2021$288,236
Mid-State Technical CollegeFY2021$45,334
Unitemized GrantFY2020$257,464
Unitemized GrantFY2019$313,335

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$693K
Ln 12
Gifts and grantsLn 1h$527K
Investment incomeLn 3$169K
Money outPt IX
$853K
Ln 25
Programscol B$813K
Managementcol C$34K
Fundraisingcol D$7K
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$172K
Total assetsLn 16$5.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$527K
Noncash giftsLn 1g$7K
Fundraising eventsLn 1c$15K
Investment incomeLn 3$169K
Gains on assetsLn 7$77K
Total revenueLn 12$693K
Assets in detailPt X, end of year
CashLn 1$99K
SavingsLn 2$73K
Cash and savings togetherLn 1–2$172K
InvestmentsLn 11–13$4.5M
Total assetsLn 16$5.2M
LiabilitiesLn 26$0
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$354K$172K
InvestmentsLn 11–13$4.0M$4.5M
Total assetsLn 16$5.0M$5.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$5.0M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$477K$477K
Grants to domestic individualsLn 2$329K$329K
Investment management feesLn 11f$23K$23K
Advertising and promotionLn 12$4K$1K$184$2K
Office expensesLn 13$3K$1K$1K$597
TravelLn 17$8K$4K$4K
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$644$644
Total functional expensesLn 25$853K$813K$34K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $889K$766K$123K$5.5M 990 PDF
FY2024 Viewing $693K$853K−$160K$5.2M 990 PDF
FY2023 $639K$5.5M−$4.9M$5.0M 990 PDF
FY2022 $4.2M$411K$3.8M$9.6M 990 PDF
FY2021 $2.9M$467K$2.4M$6.8M 990 PDF
FY2020 $827K$417K$410K$3.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $693,333 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $541,311$526,659
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $100,232$168,717
I-11 Other revenuePrior year −$2,609−$2,043
I-12 Total revenuePrior year $638,934$693,333
I-13 Grants and similar amounts paidPrior year $5,493,395$805,484
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $48,132$47,948
I-18 Total expensesPrior year $5,541,527$853,432
I-19 Revenue less expensesPrior year −$4,902,593−$160,099
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $693,333 across 8 lines filed
VIII-1c Fundraising events$15,375
VIII-1f All other contributions, gifts and grants$511,284
VIII-1g Noncash contributions (included above)$7,388
VIII-1h Total contributions, gifts and grants$526,659
VIII-3 Investment incomeExcluded from tax $91,361$91,361
VIII-7 Net gain or loss on sales of assetsExcluded from tax $77,356$77,356
VIII-8 Net income from fundraising eventsExcluded from tax −$2,043−$2,043
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $166,674$693,333
Part IX · Statement of functional expenses $853,432 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $476,784$476,784
IX-2 Grants to domestic individualsPrograms $328,700$328,700
IX-11f Investment management feesManagement $23,125$23,125
IX-12 Advertising and promotionPrograms $1,110 · Management $184 · Fundraising $2,405$3,699
IX-13 Office expensesPrograms $1,194 · Management $1,194 · Fundraising $597$2,985
IX-17 TravelManagement $3,967 · Fundraising $3,968$7,935
IX-19 Conferences, conventions and meetingsPrograms $4,367$4,367
IX-23 InsuranceManagement $5,193$5,193
IX-24 Other expenses (24a–d)Programs $644$644
IX-25 Total functional expensesPrograms $812,799 · Management $33,663 · Fundraising $6,970$853,432
Part X · Balance sheet $5,182,260 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $139,785$99,491
X-2 Savings and temporary cash investmentsStart of year $213,867$72,825
X-3 Pledges and grants receivableStart of year $666,145$499,598
X-11 Publicly traded securitiesStart of year $3,971,066$4,510,346
X-16 Total assetsStart of year $4,990,863$5,182,260
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $943,864$1,147,884
X-28 Net assets with donor restrictionsStart of year $4,046,999$4,034,376
X-32 Total net assets or fund balancesStart of year $4,990,863$5,182,260
X-33 Total liabilities and net assetsStart of year $4,990,863$5,182,260
Part XI · Reconciliation of net assets $5,182,260 net assets at year end
XI-1 Total revenue$693,333
XI-2 Total expenses$853,432
XI-3 Revenue less expenses−$160,099
XI-4 Net assets at start of year$4,990,863
XI-5 Net unrealized gains (losses) on investments$355,996
XI-9 Other changes in net assets−$4,500
XI-10 Net assets at end of year$5,182,260

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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