Educational Institutions

Missouri Colleges Fund, Inc.

  • Jefferson City, MO
  • www.mocollegesfund.org

Mission Statement

The mission of the Missouri Colleges Fund is to acquire resources to help students acquire an education at member four year private liberal-arts colleges and universities in Missouri.

Main Programs

  1. General Scholarship Program
  2. Teachers First Scholars Program
  3. Science, Technology, Engineering & Math Scholars Program
  4. First Opportunity Scholars Program
Service Areas

Self-reported

Missouri

MO

ruling year

1954

Principal Officer since 2005

Self-reported

Mr. Mike Backer

Keywords

Self-reported

Higher Education Scholarships, Private Colleges and Universities, Student financial aid, church related schools

Sign in or create an account to view Form(s) 990 for 2015, 2014 and 2014.
Register now

EIN

43-0680952

 Number

6767169254

Contact

Cause Area (NTEE Code)

Higher Education Institutions (B40)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

The goal of the Missouri Colleges Fund is to help Missouri's private colleges and universities educate well-trained, responsible graduates who will become ready-to-work employees and community leaders. Member schools prepare students to think critically, act ethically and morally, communicate effectively and engage in lifelong learning. Today in our state, unemployment/underemployment is a growing concern and too few adults hold college degrees. Many students cannot afford to pursue college degrees without assistance. The lack of access to higher education is leading toward a cycle of underachievement and economic downturn. Missouri faces a crisis as the country evolves to a knowledge-based economy. If we do not provide greater access to higher education for young people of all socioeconomic backgrounds, our citizens and businesses will be left behind. The future of our state depends on our ability to enable more of our high school graduates to further their education.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

General Scholarship Program

Since 1952, the Missouri Colleges Fund has served private higher education in Missouri by raising funds for scholarships and unrestricted support for students of our member schools. Last year, 2015, the MCF distributed $532,599 in general and restricted scholarship gifts from corporations, foundations and individuals who believe that a values-based education serving a diverse student population is good for Missouri.

Category

Education, General/Other

Population(s) Served

General Public/Unspecified

Adults

Ethnic/Racial Minorities -- General

Budget

$700,000.00

Program 2

Teachers First Scholars Program

For the past seventeen years, Missouri has been faced with a critical teacher shortage, due primarily to a record 37,000 teacher retirements. More that $5,250,000 has been raised to provide need-based financial aid to over 2,500 students who are returning to Missouri's classrooms to teach grades K-12 in special education elementary, middle school, secondary and higher education.

Category

Education, General/Other

Population(s) Served

General Public/Unspecified

Budget

$300,000.00

Program 3

Science, Technology, Engineering & Math Scholars Program

The Science, Technology, Engineering & Math Scholars Program (STEM) is a coalition of business, education and community leaders coming together to discuss the emerging crisis of students underperforming in math, science and technology. The goal of the program is to make Missouri a national leader in these curriculum.

Category

Education, General/Other

Population(s) Served

General Public/Unspecified

Budget

300,000

Program 4

First Opportunity Scholars Program

During the next several decades the United States will experience a major demographic shift affecting college enrollment and corporate employment. By 2050, the population will reach nearly 400 million people, with new immigrants and their children accounting for approximately 80 percent of that growth. As the nation's demographics change, there will be a significant and increasing number of low-income, first generation, minority and new American students enrolling in college and preparing for the work force. The First Opportunity Scholars Program Initiative aims to foster increased college access and financial aid for these students.

Category

Education, General/Other

Population(s) Served

General Public/Unspecified

Budget

150,000

Service Areas

Self-reported

Missouri

MO

Additional Documents

Funding Needs

Increased financial support from current donors. Increased major donors. New donors. Increased public knowledge of the MCF and our mission. Increased financial support.

External Reviews

Source: greatnonprofits.org

The review section is powered by Great Nonprofits

Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

MISSOURI COLLEGES FUND INC
Fiscal year: Jan 01-Dec 31
Yes, financials were audited by an independent accountant.

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2014 and 2014
  • Board Chair, Board Co-Chair and Board Members
  • Access to the GuideStar Community
Get all this now for free
Need the ability to download nonprofit data and more advanced search options? Consider a Premium or Pro Search subscription.

Operations

The people, governance practices, and partners that make the organization tick.

Missouri Colleges Fund, Inc.

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2015, 2014 and 2014
  • Board Chair, Board Co-Chair and Board Members
  • Access to the GuideStar Community
Need the ability to download nonprofit data and more advanced search options? Consider a Premium or Pro Search subscription.

Principal Officer

Mr. Mike Backer

BIO

Mike Backer was hired as President of the Missouri Colleges Fund, May 2005. The duties of President include overseeing the activities of the Fund including the receipts, accounting, auditing, distribution and payments from the collection and operations accounts of the Fund. The President organizes an annual major gifts campaign with the assistance of business board members, college/university presidents, chief advancement officers and volunteers. Mike brings to the Fund a wealth of experience as a banker, marketing executive, chief financial officer and fundraiser. Mike has been married to his wife, Gracia, for 45 years and has one grown son. In his spare time, Mike and Gracia both like yard work, gardening, golfing and traveling.

STATEMENT FROM THE Principal Officer

"I hope you will consider a gift to the Missouri Colleges Fund as an investment in Missouri's economic future. Your investment will help Missouri's independent colleges and universities educate well-trained, responsible graduates who will become ready-to-work employees and community leaders. The Mission of the MCF is to acquire resources to help educate students in member private liberal-arts colleges and universities. The MCF provides a convenient and effective method to make a single gift that benefits seventeen (17)colleges and universities and approximately 95,000 students. The goal of the MCF is to produce graduates who will become tomorrow's accountants, bankers, computer specialists, doctors, nurses, teachers, entry level employees, middle managers and top executives. Outstanding, deserving young people will achieve their dream of a college education. With a college diploma, they will have the opportunity to obtain higher paying jobs, better homes, better healthcare and a better life style for their family. It's a WIN, WIN. If you think the cost of Education is High, just try IGNORANCE."

Governance

BOARD CHAIR

Mr. Robert Barnes

BCN Management Consulting

Term: Jan 2013 - Dec 2016

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization


RESPONSE NOT PROVIDED

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?