Mt Hood Community College District Foundation Inc

EIN: 237061622 501(c)(3)

Gresham, OR

Total Revenue
$2,669,918
Total Expenses
$1,601,659
Total Assets
$10,634,303
Net Assets
$10,563,773
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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
OR
Principal Officer
Susan O'Halloran
Phone
5034917206
Tax Period
2024-07-01 to 2025-06-30

Mt Hood Community College District Foundation Inc, founded in 1969, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 559% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 40% operating margin.

Mission

To support the success of students and alumni at the college. The foundation works with donors, community members, and past and present students to provide resources that help students succeed in the classroom and beyond.

Program Service Accomplishments

Program 1
Expenses: $714,525 Revenue: $37,481

Scholarships: Awarded annually and by school term, scholarships are funded by donations from corporations, foundations, individuals and organizations as well as proceeds from the annual MHCC...

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Scholarships: Awarded annually and by school term, scholarships are funded by donations from corporations, foundations, individuals and organizations as well as proceeds from the annual MHCC Foundation auction. Once funding is available, scholarships are advertised for student application. A MHCC Financial Aid representative and the MHCCD Foundation Scholarship and Grants Committee members review the applications and determine recipients based upon the established scholarship criteria. Approximately $714,525 was awarded to 246 students in the 2024-2025 fiscal year. These scholarship awards aid students in paying for tuition, fees, books, and support services.

Program 2
Expenses: $160,236

Program Funds: Program funds are specifically established for use in a particular division, department or program. These funds are used for program equipment, student conference fees, professional...

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Program Funds: Program funds are specifically established for use in a particular division, department or program. These funds are used for program equipment, student conference fees, professional development for instructors, and projects and assistance to benefit students and employees. Donors may designate their gift to any existing program fund or can initiate a fund if circumstances warrant. Funding for program support typically comes from donor designations as well as grants from foundations or organizations. Approximately $132,344 was funded to the College program areas in the 2024-2025 fiscal year.

Program 3
Expenses: $47,763

Foundation support of the College: Annually the College determines private funding priorities and presents a request to the MHCCD Foundation Finance Committee for recommendation to the Foundation...

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Foundation support of the College: Annually the College determines private funding priorities and presents a request to the MHCCD Foundation Finance Committee for recommendation to the Foundation Board for approval. Typically, the College President makes the request. In 2024-2025, the Foundation supported the College with payments or transfers from the Board Designated General Fund for the following:$7,000 OER Grant; $4,500 Staff & Teacher Awards; $36,263 GIK Donations

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,440,277
Program Service Revenue $37,481
Investment Income $1,214,695
Other Revenue $-22,535
TOTAL REVENUE $2,669,918

Expense Breakdown

Grants Paid $894,632
Salaries & Benefits $397,832
Fundraising Expenses $284,848
Program Expenses $1,007,524
Other Expenses $309,195
TOTAL EXPENSES $1,601,659

Year-over-Year Comparison

2024 2023 Change
Revenue $2,669,918 $405,071 +5.6%
Expenses $1,601,659 $1,787,352 -0.1%
Net Income $1,068,259 $-1,382,281 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
75

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$86,630
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dan Malinaric President 2.00
Officer Director
$0 $0 $0
Sue O'Halloran Vice President 2.00
Officer Director
$0 $0 $0
Stan Hymel Treasurer 2.00
Officer Director
$0 $0 $0
Paula Walker Secretary 2.00
Officer Director
$0 $0 $0
Warner E Allen Board Member 1.00
Director
$0 $0 $0
Ken Cornelison Board Member 1.00
Director
$0 $0 $0
Anne Furniss Board Member 1.00
Director
$0 $0 $0
Martin Hertrich Board Member 1.00
Director
$0 $0 $0
Nancy Jaksich Board Member 1.00
Director
$0 $0 $0
Dan Corcoran Board Member 1.00
Director
$0 $0 $0
Robin McGregor Board Member 1.00
Director
$0 $0 $0
Debra Derr Board Member (Until Jan' 25) 1.00
Director
$0 $0 $0
Jon Sandstrom Board Member 1.00
Director
$0 $0 $0
Wendy Vondrak Board Member 1.00
Director
$0 $0 $0
Sean Berry CPA Board Member 1.00
Director
$0 $0 $0
Cody Farnes Board Member 1.00
Director
$0 $0 $0
Travis Gullberg Board Member 1.00
Director
$0 $0 $0
Lynne Page Board Member 1.00
Director
$0 $0 $0
Tony Hornback Board Member 1.00
Director
$0 $0 $0
Doug Clark Board Member (Jul '24-Apr' 25) 1.00
Director
$0 $0 $0
Jennifer Boehmer - Executive Director & VP of College Advancement 15.00
Officer
$73,528 $13,102 $86,630
Al Sigala - Former Executive Director & VP of College Advancement 20.00
$136,182 $13,084 $149,266
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,669,918 $1,601,659 $10,634,303 $1,068,259
2024 No data No data No data No data
2023 $1,110,661 $1,503,803 $10,939,534 $-393,142
2022 $2,217,238 $1,390,997 $11,314,405 $826,241
2021 $4,028,246 $1,375,596 $10,470,969 $2,652,650
2020 $2,038,905 $1,085,058 $7,961,096 $953,847
2019 $1,506,046 $1,463,794 $6,920,744 $42,252
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