Friends Of Mchenry County College Foundation
- Assets
- $10.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Crystal Lake, IL
- Founding
- 09/1967
- Data as of
- 06/2021
- EIN
- 23-7418071
Organization Overview
Friends Of Mchenry County College Foundation is located in Crystal Lake, IL. The organization was established in 1967. 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. Friends Of Mchenry County 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, Friends Of Mchenry County College Foundation generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $795.0k during the year ending 06/2021. While expenses have increased by 16.4% per year over the past 6 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.
Since 2018, Friends Of Mchenry County College Foundation has awarded 31 individual grants totaling $16,404,843. 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
THE FRIENDS OF MCC FOUNDATION TOGETHER WITH OUR COMMUNITY BUILDS FINANCIAL SUPPORT TO ENRICH THE LIVES OF OUR MCC STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ASSISTS IN DEVELOPMENT AND EXPANSION OF EDUCATIONAL FACILITIES AND PROVIDES SCHOLARSHIPS FOR STUDENTS. THE FOUNDATION BENEFITS ALL STUDENTS, ALUMNI AND LOCAL RESIDENTS.
THE FOUNDATION ASSISTS IN DEVELOPMENT AND EXPANSION OF EDUCATIONAL FACILITIES AND PROVIDES SCHOLARSHIPS FOR STUDENTS. THE FOUNDATION BENEFITS ALL STUDENTS, ALUMNI AND LOCAL RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Rankins Vice President | OfficerTrustee | 8 | $0 |
Dale Morton Vice President - Past | OfficerTrustee | 8 | $0 |
Tina Hueppe President | OfficerTrustee | 8 | $0 |
Mike Klingenberg Treasurer | OfficerTrustee | 8 | $0 |
Robert Getty Secretary | OfficerTrustee | 8 | $0 |
Carlos Arevalo Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $162,801 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,193,942 |
| Noncash contributions included in lines 1a–1f | $117,406 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,356,743 |
| Total Program Service Revenue | $0 |
| Investment income | $116,452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $91,592 |
| Net Income from Fundraising Events | -$14,578 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,550,209 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $695,449 |
| 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 | $1,238 |
| Fees for services: Accounting | $34,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,026 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,110 |
| Information technology | $14,579 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $795,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,000 |
| Savings and temporary cash investments | $2,899,520 |
| Pledges and grants receivable | $47,679 |
| 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 | $6,568,296 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $848,600 |
| Total assets | $10,614,095 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $773,747 |
| Net assets with donor restrictions | $9,840,348 |
| 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 | $10,614,095 |
Grants Awarded
Over the last fiscal year, Friends Of Mchenry County College Foundation has awarded $1,264,880 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
MCHENRY COUNTY COLLEGE PURPOSE: SCHOLARSHIPS | $343,687 |
MCHENRY COUNTY COLLEGE PURPOSE: SCHOLARSHIPS | $343,687 |
MCHENRY COUNTY COLLEGE PURPOSE: OTHER PROGRAM EXPENSE | $120,919 |
MCHENRY COUNTY COLLEGE PURPOSE: OTHER PROGRAM EXPENSE | $120,919 |
MCHENRY COUNTY COLLEGE PURPOSE: CONSTRUCTION OF NEW LIEBMAN SCIENCE CENTER | $100,000 |
MCHENRY COUNTY COLLEGE PURPOSE: CONSTRUCTION OF NEW LIEBMAN SCIENCE CENTER | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Friends Of Mchenry County College Foundation has recieved totaling $98,336.
| Awarding Organization | Amount |
|---|---|
Foglia Family Foundation Chicago, IL PURPOSE: GENERAL CHARITABLE PURPOSES | $27,580 |
Motorola Solutions Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Nebraska Community Foundation Lincoln, NE PURPOSE: PRE-APPRENTICESHIP PROGRAM | $20,000 |
Advocate Health And Hospitals Corporation Downers Grove, IL PURPOSE: SUPPORT EXEMPT MISSION | $10,000 |
Forging Industry Educational And Research Foundation Independence, OH PURPOSE: FUNDING OF THE PRESIDENTIAL SCHOLARSHIP | $6,000 |
Aptargroup Charitable Foundation Crystal Lake, IL PURPOSE: 003 COLLEGE & UNIVERSITIES | $5,000 |
Endowment Analysis
| Beg. Balance | $2,310,679 |
| Net Contributions | $3,500 |
| Other Expense | $191,712 |
| Ending Balance | $2,122,467 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |