Med Central College Of Nursing in Mansfield, Ohio (OH)

Med Central College Of Nursing
Employer Identification Number (EIN)	341860625
Name of Organization	Med Central College Of Nursing
In Care of Name	Sydney Rountree
Address	335 Glessner Ave, Mansfield, OH 44903-2269
Subsection	Educational Organization
Ruling Date	09/1999
Deductibility	Contributions are deductible
Foundation	School
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2009
Assets	$5,000,000 to $9,999,999
Income	$5,000,000 to $9,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$6,319,563
Amount of Income	$7,173,603
Form 990 Revenue Amount	$7,173,603
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: Undergraduate College (4-year)

Non-representatives - add comments:

Amount of income in 2009: $7,173,603

Med Central College Of Nursing:	$7,173,603
Other organizations performing similar types of work:	$760,171

Assets in 2009: $6,319,563

This organization:	$6,319,563
Other organizations performing similar types of work:	$451,926

Expenses in 2007: $7,134,615

This organization:	$7,134,615
Other organizations performing similar types of work:	$758,085

Income to expenses ratio in 2007: 1.8

Med Central College Of Nursing:	1.8
Other organizations performing similar types of work:	1.0

Expenses allocated to program services in 2007: 85.7%

Med Central College Of Nursing:	85.7%
Other organizations performing similar types of work:	83.3%

Number of employees in 2007: 69

This organization:	69
Other organizations performing similar types of work:	17

Employees paid over $50,000 in 2007: 18.8%

Med Central College Of Nursing:	18.8%
Other organizations performing similar types of work:	7.9%

Grants share in income in 2007: 63.4%

Med Central College Of Nursing:	63.4%
Other organizations performing similar types of work:	14.7%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

	2002	2004	2005	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$500,194	$2,830,794	$4,744,570	$5,594,419	$12,587,349
Contributions, gifts, grants, and similar amounts received	$141,774	$808,531	$1,022,194	$1,256,415	$7,976,718
Contributions to donor advised funds				$0	$0
Direct public support	$16,146	$11,134	$13,376	$121,387	$444,605
Indirect public support	$0	$0	$0	$94,064	$6,064,769
Government contributions (grants)	$125,628	$797,397	$1,008,818	$1,040,964	$1,467,344
Program service revenue including government fees and contracts	$358,420	$2,022,263	$3,722,376	$4,338,004	$4,610,631
Membership dues and assessments	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$0	$0	$0	$0	$0
Dividends and interest from securities	$0	$0	$0	$0	$0
Net rental income or (loss)	$0	$0	$0	$0	$0
Gross rents	$0	$0	$0	$0	$0
Less: rental expenses	$0	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$0	$0	$0	$0	$0
Gross amount from sales of assets other than inventory	$0	$0	$0	$0	$0
Less: cost or other basis and sales expenses	$0	$0	$0	$0	$0
Net income or (loss) from special events and activities	$0	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0
Total expenses	$1,496,490	$3,713,225	$5,606,189	$6,332,849	$7,134,615
Program services	$961,741	$2,800,171	$4,556,373	$5,427,816	$6,112,139
Management and general	$534,749	$913,054	$1,004,681	$788,170	$919,921
Fundraising	$0	$0	$45,135	$116,863	$102,555
Payments to affiliates	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$-1,266,501	$-3,406,170	$-4,463,649	$-5,511,875	$-25,098
Excess or (deficit) for the year	$-996,296	$-882,431	$-861,619	$-738,430	$5,452,734
Net assets or fund balances at beginning of year	$-994,753	$-2,764,900	$-3,406,170	$-4,463,649	$-5,511,875
Other changes in net assets or fund balances	$724,548	$241,161	$-195,860	$-309,796	$34,043

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$7,134,615	$6,112,139	$919,921	$102,555
Grants paid from donor advised funds		$0
Other grants and allocations		$1,790,060
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$256,615	$41,753	$189,018	$25,844
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$2,069,646	$1,764,376	$299,906	$5,364
Pension plan contributions not included above	$19,207	$16,858	$2,039	$310
Employee benefits not included above	$563,236	$528,635	$18,887	$15,714
Payroll taxes	$175,637	$158,226	$11,923	$5,488
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$18,000	$15,840	$0	$2,160
Legal fees	$1,621	$0	$1,621	$0
Supplies	$108,350	$51,879	$52,520	$3,951
Telephone	$0	$0	$0	$0
Postage and shipping	$200	$181	$19	$0
Occupancy	$235,147	$235,097	$50	$0
Equipment rental and maintenance	$6,768	$0	$6,768	$0
Printing and publications	$270,915	$253,121	$17,794	$0
Travel	$76,339	$64,961	$11,378	$0
Conferences, conventions, and meetings	$219	$0	$219	$0
Interest	$106,366	$106,366	$0	$0
Depreciation, depletion, etc.	$346,235	$189,457	$156,778	$0
Other expenses not covered above	$1,090,054	$895,329	$151,001	$43,724

	2002	2004	2005	2006	2007
Balance Sheets
Total assets	$1,342,599	$1,684,480	$2,090,505	$4,479,188	$7,034,730
Cash - non-interest-bearing	$113,235	$714,919	$848,115	$955,654	$750,627
Savings and temporary cash investments	$0	$0	$0	$0	$0
Accounts receivable less allowance for doubtful accounts	$1,770	$0	$11,082	$56,496	$177,010
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0
Grants receivable	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)				$0	$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0
Inventories for sale or use	$0	$0	$0	$0	$0
Prepaid expenses and deferred charges	$0	$0	$71,520	$0	$0
Investments - publicly-traded securities				$0	$0
Investments - other securities	$0	$0	$0	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0
Investments - other	$0	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$140,546	$212,151	$598,238	$3,118,659	$5,821,293
Other assets, including program-related investments	$1,087,048	$757,410	$561,550	$348,379	$285,800
Total liabilities	$2,609,100	$5,090,650	$6,554,154	$9,991,063	$7,059,828
Accounts payable and accrued expenses	$2,609,100	$5,090,650	$6,554,154	$7,805,814	$2,544,957
Grants payable	$0	$0	$0	$0	$0
Deferred revenue	$0	$0	$0	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0	$0
Mortgages and other notes payable	$0	$0	$0	$2,185,249	$4,514,871
Other liabilities	$0	$0	$0	$0	$0
Total liabilities and net assets/fund balances	$1,342,599	$1,684,480	$2,090,505	$4,479,188	$7,034,730
Total net assets or fund balances	$-1,266,501	$-3,406,170	$-4,463,649	$-5,511,875	$-25,098

	2002	2004	2005	2006	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$0	$2,830,794	$4,744,570	$5,594,419	$12,587,349
Total revenue, gains, and other support per audited financial statements	$0	$2,830,794	$3,759,091	$4,184,024	$4,777,348
Other expenses	$0	$0	$36,715	$55,601	$-16,355
Net unrealized gains on investments	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0
Other	$0	$0	$36,715	$55,601	$-16,355
Other revenue	$0	$0	$1,022,194	$1,465,996	$7,793,646
Investment expenses	$0	$0	$0	$0	$0
Other	$0	$0	$1,022,194	$1,465,996	$7,793,646

	2002	2004	2005	2006	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$0	$3,713,225	$5,606,189	$6,332,849	$7,134,615
Total expenses and losses per audited financial statements	$0	$3,713,225	$4,620,160	$4,992,432	$5,328,202
Other revenue	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0
Other expenses	$0	$0	$986,029	$1,340,417	$1,806,413
Investment expenses	$0	$0	$0	$0	$0
Other	$0	$0	$986,029	$1,340,417	$1,806,413

Average hours per week devoted to position	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
Current Officers, Directors, Trustees, and Key Employees
40	$53,637	$16,691	$0
40	$99,663	$22,230	$0
40	$103,315	$22,659	$0

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	16
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	Yes

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	69

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$0	$4,610,631
Program service revenue
Program service revenue 1	000000	$0	00	$0	$4,172,682
Program service revenue 2	000000	$0	00	$0	$326,050
Program service revenue 3	000000	$0	00	$0	$102,107
Program service revenue 4	000000	$0	00	$0	$9,792
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	00	$0	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$81,436	$0	$0
$77,510	$0	$0
$73,725	$0	$0
$71,398	$0	$0
$67,030	$622	$0

Total number of other employees paid over $50,000	5

Total number of other employees paid over $50,000

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$7,979
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	School

	2001	2003	2004	2005	2006
Support Schedule
Total	$0	$0	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Med Central College Of Nursing	335 Glessner Ave, Mansfield, OH 44903-2269	OH	1999-09	$7,173,603
2	Open University	Milton Keynes Buckinghamshire Mk7 6, United Kingdom	international	2013-09	$664,595,715
3	Remington Colleges Inc	500 International Parkway Suite 200, Heathrow, FL 32746	FL	2010-11	$126,584,158
4	Emmanuel College	Cambridge Cb2 3ap, United Kingdom	international	2009-02	$25,472,541
5	The Orange Bowl Committee Inc	14360 Nw 77th Ct, Miami Lakes, FL 33016-1534	FL	1991-01	$18,233,460
6	Virginia International University Inc	11200 Waples Mill Rd, Fairfax, VA 22030-7407	VA	2000-03	$6,345,920
7	Saint Lukes College Of Health Sciences	4401 Wornall Rd, Kansas City, MO 64111-3220	MO	2011-03	$5,570,061
8	National University International Inc	11355 North Torrey Pines Road, La Jolla, CA 92037-1013	CA	2013-12	$4,018,855
9	New Saint Andrews College Inc	PO BOX 9025, Moscow, ID 83843-1525	ID	2014-06	$3,337,715
10	Trinity Baptist College Inc	800 Hammond Blvd, Jacksonville, FL 32221-1342	FL	2009-09	$2,961,845
11	Chicago Ort Technical Institute	5440 Fargo Avenue, Skokie, IL 60077	IL	2007-06	$2,884,454
12	Humane Society University, Michael Blackwell	2100 L Street Nw, Washington, DC 20037-1525	DC	2010-08	$2,060,032
13	Southeastern Free Will Baptist Bible College Inc	Po Box 1067, Wendell, NC 27591	NC	2011-02	$1,805,135
14	Silicon Valley University	2010 Fortune Dr, San Jose, CA 95131-1823	CA	1999-06	$1,379,070
15	Eternity Bible College	2136 Winifred St, Simi Valley, CA 93063-2934	CA	2014-08	$1,252,965
16	Morthland Institution Of Higher Learning	PO BOX 429, W Frankfort, IL 62896-0429	IL	2010-03	$1,244,249
17	University Of The People	175 S Lake Ave Ste 212, Pasadena, CA 91101-2629	CA	2010-07	$1,088,543
18	Trinity Life Bible College	5225 Hillsdale Blvd, Sacramento, CA 95842-3546	CA	2006-06	$1,011,598
19	Weatherford Student Housing Foundation	225 College Park Dr, Weatherford, TX 76086-6265	TX	2002-10	$591,795
20	Queen City Christion Collage Inc	5425 Winton Ridge Ln, Cincinnati, OH 45232-1140	OH	2014-10	$0

Number of organizations performing similar types of work

Alabama	5
Arizona	4
California	27
Colorado	3
Connecticut	2
District of Columbia	1
Delaware	2
Florida	20
Georgia	4
Hawaii	2
Iowa	3
Idaho	2
Illinois	8
Indiana	4
Kentucky	1
Louisiana	2
Massachusetts	7
Maryland	5
Michigan	5

Minnesota	3
Missouri	2
North Carolina	7
New Hampshire	3
New Jersey	3
New Mexico	2
New York	7
Ohio	2
Oklahoma	3
Pennsylvania	7
Tennessee	4
Texas	6
Utah	4
Virginia	11
Vermont	2
Washington	4
Wisconsin	1
International	16

Total

194

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