Missouri Colleges Fund, Inc.
3401 W. Truman Blvd., Suite 202
Jefferson City MO 65109-6153
Web and Phone Contact
Telephone (573) 893-3818
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.
Leadership
CEO/Executive Director Mr. Mike Backer
Board Chair Mr. Ken Theroff
Board Chair Company Affiliation Jefferson Bank of Missouri
History and Background
Year of Incorporation 1952
Financial Summary
Revenue Expense Area Graph

Comparing revenue to expenses shows how the organizations finances fluctuate over time.

Source: IRS Form 990

 Breakdown
Net Gain/Loss:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.
Statements
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.
Background Statement The Missouri Colleges Fund (MCF) was incorporated in 1952 as a partnership of private enterprise and the member private, independent colleges and universities in Missouri. The MCF is a non-profit, 501 (c) (3) tax-exempt corporation and is classified as a public charity under section 509 (a) (3). For more that 65 years, MCF has been a leader in building collaboration among its member institutions and partnering with businesses and charitable foundations to mobilize financial support. MCF enables the colleges and universities to accomplish more through this joint effort than they would acting individually. The MCF is the only statewide organization that represents private, independent higher education to the philanthropic community. The MCF member schools are: Avila University, Kansas City; Central Methodist University, Fayette; Columbia College, Columbia, Cottey College, Nevada; Culver-Stockton College, Canton; Drury University, Springfield; Evangel University, Springfield; Fontbonne University, St. Louis; Hannibal La-Grange University, Hannibal, Lindenwood University, St. Charles; Maryville University, St. Louis; Missouri Baptist University, St. Louis; Park University, Parkville; Rockhurst University, Kansas City; Southwest Baptist University, Bolivar; Westminster College, Fulton; William Jewell College, Liberty; William Woods University, Fulton. The member schools are independent baccalaureate degree-granting liberal-arts colleges and universities accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools. All unrestricted support the MCF receives is distributed equally to member schools and is used for need-based financial aid for qualified students. Recipients of these scholarships are selected by the member schools, not by the MCF. The Board of Directors approves a budget which is underwritten by equal assessments paid by each member school. Gifts to the Fund are not used for the administration of the Fund.
Impact Statement 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.
Needs Statement
  1. Increased financial support from current donors. 
  2. Increased major donors. 
  3. New donors. 
  4. Increased public knowledge of the MCF and our mission. 
  5. Increased financial support. 
Service Categories
Higher Education
Areas of Service
MO
MO - Jackson County
MO - Clay County
MO - Platte County
KS - Wyandotte County
KS - Johnson County
CEO/Executive Director/Board Chair Statement Missouri Colleges Fund operates with a very low overhead. We employ two staff members who oversee the operation of the organization. Board members are chosen from throughout the state of Missouri and include the Presidents of each of the 18 participating schools. Our Executive Committee as well as our entire board operates efficiently to raise funds to support the mission of our organization. Both board members and staff make funding calls, after carefully targeting the potential donors. Missouri Colleges Fund attempts to keep our overhead expenses low and operates with only two salaried employees. Both board and staff work from an annual budget. Although we have met our targeted fundraising figures each year, we feel that finding additional funding becomes more difficult in the current economic climate. The Missouri Colleges Fund promotes education at the 18 private colleges in Missouri, with particular emphasis on the teaching industry. The “Teachers First” program started approximately twelve years ago as we began targeting specific industries such as the trucking industry, the banking industry, etc., to approach for funding our scholarships.
Programs
Description 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, 2016, the MCF distributed $500,112.36 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.
Program Budget $700,000.00
Category Education, General/Other Student Financial Aid
Population Served General/Unspecified, Adults, Minorities
Short-Term Success
Short term success is defined in several ways:
  1. Current donors increase their annual giving.
  2. Adding New donor gifts. 
  3. Increase in Total Annual giving.
Long-Term Success
The results of these independent colleges and universities working together through the joint efforts of the MCF for now the 65th year, are that they were able to achieve greater success working collaboratively than they would have been able to reach acting alone. Thanks to new and increased donor gifts the Fund receipts grew by 3.2% in 2016. In 2016 we witnessed increased funding, increased student enrollment, increased scholarships and increased membership in the Fund. 
 
According to most polls, 75% of Americans think the 2008-2009 Recession was the worst economic down turn since the Great Depression. The Missouri Colleges Fund (MCF) was not immune to the downturn as were many of our loyal donors – receipts were down 22% from the previous year.
 
The future outlook for the Missouri Colleges Fund is very positive thanks to our many loyal donors.
Program Success Monitored By Gift receipts are monitored monthly and compared month-to-date and year-to-date.
Examples of Program Success
In the first six months of 2017, receipts are flat compared to the same time last year.  We are hopeful that this trend will improve  in the second half of 2017.
Description For the past eighteen years, Missouri has been faced with a critical teacher shortage, due primarily to a record 40,000 teacher retirements. More that $5,500,000 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.
Program Budget $300,000.00
Category Education, General/Other Teacher & Faculty
Population Served General/Unspecified, ,
Short-Term Success Each year of the TEACHERS FIRST Program the Fund has raised funds sufficient to provide financial aid to approximately 150 students enrolled in teacher preparation degree programs. This program allows these students to stay in school and complete their course study and helps relieve the financial burden of college tuition.
Long-Term Success Since 1998, the TEACHERS FIRST Program has been sponsored by several outstanding members of the state's banking community, brokerage firms, telecommunications industries, accounting firms, utilities and insurance companies. Thanks to their generosity and the response from other donors, more than $5,100,000 has been raised to provide need-based financial aid to outstanding students who are returning to the classroom to teach in Missouri's elementary and secondary schools. This program has provided need-based financial aid to more than 2,500 outstanding students enrolled in teacher preparation degree programs. The programs include: child and family education, special education, elementary, middle school and secondary education. The measurement of the success of the TEACHERS FIRST Program is that we have raised over $5,100,000 dollars that has provided needs-based financial aid to more than 2,500 students and these numbers continue to grow each year of the program.
Program Success Monitored By The MCF tracks the placement of education graduates for three years after graduation. This information is provided to donors of the program to track the students who are actively teaching.
Examples of Program Success The TEACHER FIRST Program has raised in access of $4,800,000, providing financial aid to over 22500 students enrolled in teacher preparation degree programs. One hundred percent (100%) of scholarship recipients have gone on to graduate and over 95% are currently teaching in Missouri schools. The independent colleges and universities of the MCF, working with businesses, charitable foundations and other donors, will provide a substantial benefit to teacher education at a time of documented need. America's greatest natural resource is not raw materials or even technology. It is the potential and commitment of young men and women who will become public school teachers and educate a rising generation to address the challenges of the twenty-first century. Please consider investing in education, especially these young people who will be the teachers of our children and grandchildren who will become the future leaders of our state.
Description 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.
Program Budget $300,000.00
Category Education, General/Other Education & Technology
Population Served General/Unspecified, ,
Short-Term Success The MCF increases the number of college graduates with degrees in math, engineering, technology and science. Each year of the STEM Scholars Program  has raised funds sufficient to provide financial aid to approximately 150 students enrolled in math and science degree programs. This program allows these students to stay in school and complete their course study and helps relieve the financial burden of college tuition.
Long-Term Success
The long term success of the STEM Scholars Program will be three fold: 
  1. Missouri will become a national leader in Science, Technology, Engineering & Math. 
  2. MCF helps outstanding young people achieve their dream of a college education.
  3. MCF helps produce ethical, moral and socially responsible graduates who will become entry level employees, middle managers and top executive thereby adding improving the economy of Missouri.
Program Success Monitored By The financial aid directors at each of the MCF member schools reports the names and bio information of the students who have received financial aid from the STEM Scholars Program.
Examples of Program Success Each year the MCF increases the number of college graduates with degrees in math, engineering, technology and science.
Description

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.

Program Budget $150,000.00
Category Education, General/Other Student Financial Aid
Population Served General/Unspecified, ,
Short-Term Success
In the last year this program has provided financial aid to over 100 students who otherwise would not have been able to attend college.
Long-Term Success
The success of this program will mean that more low-income, first generation, minority and new American students will complete their college education, find rewarding productive jobs and be a positive influence in society.
Program Success Monitored By
The MCF tracks low-income, first generation, minority and new American students receiving financial aid from their freshman year until graduation.
Examples of Program Success
After the first year of this program, 95% of these students remained enrolled in college for their second year.
CEO Comments Since 1952, the Missouri Colleges Fund has served private higher education in Missouri by raising funds for scholarships for students of our member colleges and universities. Last year, 2016, we distributed $500,112.36 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. Since 1998, the TEACHERS FIRST SCHOLARS PROGRAM has been sponsored by several outstanding members of the state's banking community, brokerage firms, telecommunications industries, accounting firms, utilities and insurance companies. Thanks to their generosity and the response from other donors to the Fund, more than $5.5 million has been raised to provide need-based financial aid to outstanding students who are returning to the classroom to teach in Missouri's elementary and secondary schools. The Missouri Colleges Fund, through scholarships and programs, serves a goal of Missouri independent higher education to ensure that our future leadership reflects the diversity of our citizenry and is well-informed, just, and compassionate. On behalf of our colleges and universities and the thousands of students they serve, we express our deepest gratitude to the corporations, foundations and individuals whose support is essential to our efforts.
Executive Director/CEO
Executive Director Mr. Mike Backer
Term Start May 2005
Compensation $125,001 - $150,000
Experience 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 46 years and has one grown son. In his spare time, Mike and Gracia both like yard work, gardening, golfing and traveling.
Co-CEO/Executive Director
Term Start 0
Compensation Last Year
Former CEOs
NameTerm
Mr. Larry Schepker Jan 1990 - Feb 2005
Senior Staff
Title Administrative Assistant
Experience/Biography Linda Winemiller joined the staff of the Missouri Colleges Fund as Administrative Assistant in 1999. Linda's job responsibilities include providing assistance to the Fund President with all office operations, coordinates numerous letter campaigns conducted across the state, assists with Board Meetings held twice yearly and assists with the Annual Report preparation. Linda is also responsible for audit support of the Fund's books and handles all related bookkeeping activities. She also maintains a current data base file on contacts and donors to the Fund. Linda has been married to her husband, Jim, for 35 years and has two grown children. In her spare time, Linda likes to cook, read, needlepoint and spend time with her family and friends.
Staff
Paid Full-Time Staff 2
Paid Part-Time Staff 0
Volunteers 50
Paid Contractors 0
Formal Evaluations
CEO Formal Evaluation Yes
CEO/Executive Formal Evaluation Frequency Annually
Non-Management Formal Evaluation Yes
Non-Management Formal Evaluation Frequency Annually
Plans & Policies
Organization Has a Fundraising Plan Yes
Organization Has a Strategic Plan Yes
Management Succession Plan No
Organization Policy and Procedures No
Nondiscrimination Policy Yes
Government Licenses
Is your organization licensed by the government? No
Board Chair
Board Chair Mr. Ken Theroff
Company Affiliation Jefferson Bank of Missouri
Term Jan 2017 to Dec 2018
Board Members
NameAffiliation
Mr. Stephen Adams IIIEBTECH Industrial Offices
Mr. Jim Adams M.J. Kelly Company
Dr. Benjamin Akanda Westminster College
Dr. Anthony Allen Hannibal-LaGrange University
Mr. Mike Backer Missouri Colleges Fund
Ms. Ann Marie Baker UMB Bank Southwest Region
Mr. Robert Barnes BCN Management Consulting
Dr. Jahnae Barnett William Woods University
Mr. Daniel D. Callahan Commerce Bank
Dr. Timothy Cloyd Drury University
Fr. Thomas Curran Rockhurst University
DR. Scott Dalrymple Columbia College
Mr. Joseph Davies US Bank
Mr. David Disney J. E. Dunn Construction Co.
Dr. Roger Drake Central Methodist University
Mr. Roger Edgar George K. Baum
Mr. Don Fox Wells Fargo Advisors
Dr. Greg Gunderson Park University
Ms. Louise Hune Jefferson City Medical Group
Mr. Jim Koger H&R Block
Mr. Jim Krekeler Edward Jones
Dr. Alton Lacey Missouri Baptist University
Ms. Kris Lensmeyer Fresh Ideas Food Service & Management
Dr. Mark Lombardi Maryville University
DR. Elizabeth Macleod Walls William Jewell College
Dr. Michael Pressimone Fontbonne University
Mr. Stan Roux United Parcel Service
Dr. Ronald Slepitza Avila University
Dr. Carol Taylor Evangel University
Dr. Pat Taylor Southwest Baptist University
Mr. Ken Theroff Jefferson Bank of Missouri
Dr. Kelly Thompson Culver-Stockton College
Mr. David Turner Exchange Bank
Dr. Jann Weitzel PresidentCottey College
Ms. Marcia Youker J E Dunn Construction Co.
Board Demographics - Ethnicity
African American/Black 2
Asian American/Pacific Islander 0
Caucasian 33
Hispanic/Latino 0
Native American/American Indian 0
Other 0
Board Demographics - Gender
Male 26
Female 9
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 0
Board Meeting Attendance % 75%
Written Board Selection Criteria? No
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 93%
Percentage Making In-Kind Contributions 49%
Constituency Includes Client Representation No
Number of Full Board Meetings Annually 2
Standing Committees
Executive
CEO Comments The MCF is a qualified 501 (c) (3) not-for-profit organization. The Fund is classified as a public charity under Section 509 (a)(2) of the IRS Code. The member private schools do not rely on federal or state tax support. The Board of Directors is made up of the Presidents of the member schools, business partners and the executive director. The Board of Directors approves a budget which is raised by equal assessments paid by each member school. Gifts to the MCF are NOT used for the administration of the fund. Our fiscal year is January 1 through December 31. The financial records are audited annually by Graves and Associates, CPA’s of Jefferson City. The MCF is affiliated with the Council of Independent Colleges (CIC) which is a national partner in a network of member state and regional associations that represent more that 650 private colleges and universities. CIC secures financial resources for its member funds and their students; develops collaborative programs within its network and with other organizations; and is a primary voice of independent higher education to the corporate and philanthropic communities.
Financials
Fiscal Year Start Jan 01, 2017
Fiscal Year End Dec 31, 2017
Projected Revenue $550,000
Projected Expenses $272,425
Endowment Value $93,000
Spending Policy Income Only
Foundation Comments
  • FY 2015, 2014, 2013: Financial data reported using IRS Form 990.  
  • Foundation/Corporate revenue line item may include contributions from individuals.
Detailed Financials
 
Expense Allocation
Fiscal Year201520142013
Program Expense$532,599$515,124$514,839
Administration Expense$99,797$79,836$77,176
Fundraising Expense$176,159$167,936$166,070
Payments to Affiliates----$0
Total Revenue/Total Expenses0.991.010.99
Program Expense/Total Expenses66%68%68%
Fundraising Expense/Contributed Revenue33%33%32%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$66,349$70,462$64,809
Current Assets$61,876$65,463$59,199
Long-Term Liabilities$0$0$0
Current Liabilities$0$0$0
Total Net Assets$66,349$70,462$64,809
Short-Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities------
Long-Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets0%0%0%
Top Funding Sources
Fiscal Year201520142013
Top Funding Source & Dollar AmountAnheuser-Busch Foundation $50,000United Parcel Service Foundation $41,225UPS Foundation $40,800
Second Highest Funding Source & Dollar AmountUnited Parcel Service Foundation $41,650The Pott Foundation $25,000Express Scripts Foundation $25,000
Third Highest Funding Source & Dollar AmountMonsanto Fund $25,000Monsanto Fund $25,000Council of Independent Colleges $25,000
Capital Campaign
Currently in a Capital Campaign? No
Capital Campaign Anticipated in Next 5 Years No
Organization Name Missouri Colleges Fund, Inc.
Address 3401 W. Truman Blvd., Suite 202
Jefferson City, MO 651096153
Primary Phone (573) 893-3818
CEO/Executive Director Mr. Mike Backer
Board Chair Mr. Ken Theroff
Board Chair Company Affiliation Jefferson Bank of Missouri
Year of Incorporation 1952