South Suburban College Foundation
- Assets
- $1.7m
- Revenue
- $864.2k
- Investments
- $0.0
- Employees
- 0
- Location
- South Holland, IL
- Founding
- 02/1973
- Data as of
- 06/2022
- EIN
- 23-7191738
Organization Overview
South Suburban College Foundation is located in South Holland, IL. The organization was established in 1973. 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. South Suburban 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, South Suburban College Foundation generated $864.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $391.1k during the year ending 06/2022. While expenses have increased by 11.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE EDUCATIONAL PURPOSES AND OBJECTIVES OF SOUTH SUBURBAN COLLEGE WITH A PRIMARY FOCUS ON STUDENT SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND GRANTS AWARDED TO STUDENTS.
THE WORKFORCE EQUITY INITIATIVE PROJECT AT SSC SUPPORTS 200 PARTICIPANTS THROUGH THE COMPLETION OF SHORT-TERM EDUCATIONAL OPPORTUNITIES IN THE FOLLOWING AREAS: NURSING & PATIENT CARE TECHNICIAN, COMMUNITY HEALTHCARE WORKER, CERTIFIED PRODUCTION TECHNICIAN, AND BARBER TECHNICIAN
SSC INITIATED A NEW STUDENT EMERGENCY AID PROGRAM THROUGH THE EDUCATIONAL CREDIT MANAGEMENT CORPORATION (ECMC) TO PROVIDE FINANCIAL SUPPORT UP TO $500 PER STUDENT FOR SHORT-TERM, NONRECURRING EMERGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Velez President | Officer | 1 | $0 |
Susan Cox Vice-President | Officer | 1 | $0 |
Lynette D Stokes Ex-Officio | Officer | 1 | $0 |
Patrick Rush Executive Director | Officer | 40 | $0 |
John Kasperek Jr Treasurer | Officer | 1 | $0 |
Laura Harley-Simpson Director | Trustee | 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 | $517,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $517,660 |
| Total Program Service Revenue | $221,753 |
| Investment income | $24,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $864,168 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $202,198 |
| 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 | $22,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $771 |
| Office expenses | $18,825 |
| 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 | $2,558 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,000 |
| All other expenses | $0 |
| Total functional expenses | $391,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $583,867 |
| 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 | $1,018,655 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,698,599 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $120,080 |
| Total liabilities | $120,080 |
| Net assets without donor restrictions | -$176,741 |
| Net assets with donor restrictions | $1,755,260 |
| 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 | $1,698,599 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that South Suburban College Foundation has recieved totaling $15,832.
| Awarding Organization | Amount |
|---|---|
The Chicago Community Trust Chicago, IL PURPOSE: TO SUPPORT ALLIED HEALTH AND NURSING CENTER | $10,000 |
Greater Chicago Food Depository Chicago, IL PURPOSE: DISTRIBUTE TO THE HUNGRY | $5,832 |
Endowment Analysis
| Beg. Balance | $501,545 |
| Ending Balance | $501,545 |
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 |