Carl Sandburg College Foundation
- Assets
- $20.9m
- Revenue
- $1.8m
- Investments
- $314.8k
- Employees
- 0
- Location
- Galesburg, IL
- Founding
- 11/1982
- Data as of
- 06/2022
- EIN
- 23-7098820
Organization Overview
Carl Sandburg College Foundation is located in Galesburg, IL. The organization was established in 1982. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carl Sandburg College Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Carl Sandburg College Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $497.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE EDUCATIONAL ENDEAVORS OF THE STUDENTS AND TO ENHANCE THE COLLEGE'S EFFORTS TO BENEFIT THE COMMUNITIES OF THE COLLEGE DISTRICT.
Describe the Organization's Program Activity:
SCHOLARSHIPS -TO PROVIDE FINANCIAL SUPPORT TO CARL SANDBURG COLLEGE (SANDBURG) STUDENTS. FOUNDATION SCHOLARSHIPS WERE AWARDED BASED ON GENERAL NEED AND/OR ACADEMIC REQUIREMENTS. SCHOLARSHIPS ARE APPLIED TO THE STUDENT ACCOUNTS AT SANDBURG. SCHOLARSHIP AWARDS ARE DIVIDED EQUALLY BETWEEN THE FALL AND SPRING SEMESTERS.
MINI-GRANTS - PREFERENCE IS GIVEN TO ONE-TIME PROJECTS AND EQUIPMENT REQUESTS THAT DIRECTLY IMPACT A LARGE NUMBER OF PERSONS, PARTICULARLY STUDENTS. NEED, MEASURABLE OUTCOMES, AND LIKELIHOOD OF SUCCESS ARE IMPORTANT FACTORS. ORGANIZED SANDBURG STUDENT GROUPS, FACULTY, STAFF AND INSTUCTIONAL DEPARTMENTS OF SANDBURG MAY SUBMIT APPLICATIONS.
CONTRIBUTIONS TO COLLEGE PROGRAMS - TO HELP ENHANCE THE COLLEGE'S EFFORTS TO BENEFIT COMMUNITIES OF THE COLLEGE DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Barry President | OfficerTrustee | 0.25 | $0 |
Mary Panther Vice President | OfficerTrustee | 0.25 | $0 |
Chad Long Secretary | OfficerTrustee | 0.5 | $0 |
Emily Webel Executive Director | Officer | 50 | $0 |
Eric Johnson Beg March 2022 Chief Advancement Officer | Officer | 30 | $0 |
Cory Gall Foundation Treasurer, CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $221,873 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,873 |
| Total Program Service Revenue | $0 |
| Investment income | $1,477,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $127,863 |
| Net Income from Fundraising Events | $12,254 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,839,021 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $352,595 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100,823 |
| Advertising and promotion | $0 |
| Office expenses | $2,010 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $854 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $497,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $160,546 |
| Pledges and grants receivable | $15,281 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $20,403,327 |
| Investments—other securities | $314,784 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,893,938 |
| Accounts payable and accrued expenses | $1,957 |
| Grants payable | $169,400 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $171,357 |
| Net assets without donor restrictions | $4,144,670 |
| Net assets with donor restrictions | $16,577,911 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,893,938 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carl Sandburg College Foundation has recieved totaling $16.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Endowment Analysis
| Beg. Balance | $25,028,396 |
| Earnings | -$4,042,092 |
| Net Contributions | $312,725 |
| Other Expense | $576,448 |
| Ending Balance | $20,722,581 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Coe College Cedar Rapids, IA | $182,564,776 | $91,175,984 |
Beloit College Beloit, WI | $210,386,491 | $86,166,985 |
Knox College Galesburg, IL | $294,322,347 | $90,404,751 |
Wabash College Crawfordsville, IN | $537,122,152 | $89,745,763 |
Earlham College Richmond, IN | $378,034,692 | $128,405,386 |
Drury University Springfield, MO | $197,297,672 | $75,721,067 |
Hanover College Trustees Hanover, IN | $246,034,374 | $66,713,330 |
University Of Saint Francis Of Fort Wayne Indiana Inc Fort Wayne, IN | $133,868,306 | $78,578,588 |
Central College Pella, IA | $182,044,293 | $65,374,610 |