Kirtland Community College Foundation
- Assets
- $2.8m
- Revenue
- $259.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Grayling, MI
- Founding
- 06/1973
- Data as of
- 06/2021
- EIN
- 23-7298317
Organization Overview
Kirtland Community College Foundation is located in Grayling, MI. The organization was established in 1973. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Kirtland Community 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 06/2021, Kirtland Community College Foundation generated $259.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $95.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kirtland Community College Foundation has awarded 17 individual grants totaling $924,742. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN COMMUNITIES BY SUPPORTING KIRTLAND AND ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING SUPPORT FOR KIRTLAND COMMUNITY COLLEGE: ONE GRANT TOTALING $1,896 AWARDED TO THE KIRTLAND COMMUNITY ED PROGRAM. $61,745 IN STUDENT SCHOLARSHIPS AWARDED TO 91 DIFFERENT INDIVIDUALS THROUGH 44 DIFFERENT SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Curnalia President | OfficerTrustee | 1 | $0 |
Mike Wahl Treasurer | OfficerTrustee | 1 | $0 |
Sandy Woods Vice President | OfficerTrustee | 1 | $0 |
Nicholas Holton Secretary | OfficerTrustee | 1 | $0 |
Pauline Cournyer Director | Trustee | 1 | $0 |
Ed Harris 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 | $221,453 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,453 |
| Total Program Service Revenue | $0 |
| Investment income | $37,841 |
| 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 | $259,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,031 |
| 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 | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,716 |
| Fees for services: Other | $9,230 |
| Advertising and promotion | $1,063 |
| Office expenses | $998 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $110 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $53 |
| Total functional expenses | $95,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,760 |
| Savings and temporary cash investments | $23,072 |
| Pledges and grants receivable | $105,700 |
| 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 | $1,745 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,521,562 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,771,839 |
| Accounts payable and accrued expenses | $5,257 |
| 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 | $0 |
| Total liabilities | $5,257 |
| Net assets without donor restrictions | $459,372 |
| Net assets with donor restrictions | $2,307,210 |
| 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 | $2,771,839 |
Grants Awarded
Over the last fiscal year, Kirtland Community College Foundation has awarded $68,031 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KIRTLAND COMMUNITY COLLEGE PURPOSE: STUDENT GRANTS AND SCHOLARSHIPS | $66,135 |
KIRTLAND COMMUNITY COLLEGE PURPOSE: COMMUNITY EDUCATION PROGRAM | $1,896 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kirtland Community College Foundation has recieved totaling $15,019.
| Awarding Organization | Amount |
|---|---|
Jenny H & Otto F Krauss Charitable Foundation Raleigh, NC PURPOSE: GNERAL FUNDS | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Endowment Analysis
| Beg. Balance | $870,975 |
| Earnings | $435,733 |
| Net Contributions | $72,600 |
| Other Expense | -$971,402 |
| Grants | $43,500 |
| Ending Balance | $2,307,210 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Schools International Insurance Plan And Trust Fund Grandville, MI | $5,188,497 | $9,699,281 |
Saginaw Valley State University Foundation University Center, MI | $94,804,323 | $8,609,845 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Detroit Public Schools Foundation Detroit, MI | $5,212,797 | $6,732,219 |
Clven National House Corporation Carmel, IN | $3,795,815 | $8,533,157 |
Wright State University Foundation Inc Dayton, OH | $166,064,682 | $13,302,016 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Medical Educational And Development Foundation Coldwater, OH | $428,237 | $6,392,233 |
Sc Health Sciences Inc Livonia, MI | $92,182,712 | $5,946,054 |
Charles P Taft Memorial Fund Cincinnati, OH | $192,672,147 | $13,464,389 |
Indiana State University Foundation Inc Terre Haute, IN | $120,588,616 | $29,901,749 |
Science And Technology Campus Corporation Columbus, OH | $41,499,463 | $6,865,691 |