As a steward of the public trust, The Foundation at Monroe County Community College values honesty and integrity in our relationships with our College, our donors, and our community, while always remaining student-focused. We embrace an unwavering commitment to organizational integrity and transparency about our finances.
Statement of Financial Position
| DURING THE FISCAL YEAR* | 2021-2022 |
|---|---|
| We received contributions totaling | $867,359 |
| Investment losses of |
($1,271,855) |
| Special event revenues of | $15,500 |
| We received in-kind contributions for administrative services from MCCC and other in-kind support of |
$260,214 |
| Which resulted in total revenues of | ($128,782) |
| We distributed to MCCC for scholarships and program funds | ($631,370) |
| And had administrative and fund raising expenses of | ($260,214) |
| And had other expenses of | ($2,066) |
| Which resulted in total expenditures of | ($893,650) |
| Resulting in a total net asset increase of | ($1,022,432 |
| When combined with our net assets of the previous fiscal year of | $10,688,510 |
| Resulted in new net assets at June 30* | $6,646,078 |