Kishwaukee College Foundation
- Assets
- $8.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Malta, IL
- Founding
- 10/1975
- Data as of
- 06/2022
- EIN
- 23-7433949
Organization Overview
Kishwaukee College Foundation is located in Malta, IL. The organization was established in 1975. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Kishwaukee College Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kishwaukee 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, Kishwaukee College Foundation generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. 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
TO HELP SHAPE THE FUTURE AND ENHANCE THE CONTINUOUS DEVELOPMENT OF KISHWAUKEE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KISHWAUKEE COLLEGE FOUNDATION HELPS MAKE A QUALITY EDUCATION AVAILABLE TO ALL STUDENTS THROUGH THE ANNUAL SCHOLARSHIP PROGRAM. THIS YEAR $470,874 WAS AWARDED THROUGH 82 DIFFERENT SCHOLARSHIPS. THE FOUNDATION AWARDED THESE DOLLARS TO 443 STUDENTS WHO CONTINUE TO EXCEL AND BECOME VITAL PARTNERS WITHIN OUR COMMUNITY.
THE KISHWAUKEE COLLEGE FOUNDATION BOLSTERS A QUALITY EDUCATION BY PROVIDING PROGRAM ENHANCEMENTS TO SEVERAL PROGRAMS EACH YEAR. BY MAKING $229,772 AVAILABLE, THE FOUNDATION WAS ABLE TO HELP PROVIDE EQUIPMENT AND MATERIALS TO PROGRAMS SUCH AS GED, MATH, SCIENCE, LIBRARY OPERATIONS, ATHLETICS AND MANY OTHERS, AS WELL AS CLASSES TO NON-PROFIT ORGANIZATIONS. THE FOUNDATION ALSO USED THESE DOLLARS TO ESTABLISH NEW OPPORTUNITIES FOR SEVERAL COLLEGE PROGRAMS BY AWARDING INNOVATION AWARDS TO MANY DIFFERENT AREAS WITHIN THE COLLEGE. STUDENT SERVICES, INSTRUCTIONAL DESIGN, ART, LEARNING SKILLS, AND INSTRUCTION PROGRAMS WERE ALL ABLE TO ENHANCE THEIR SERVICES. THESE FUNDS HELP OUR STAFF AND OUR FACULTY PROVIDE REAL OPPORTUNITY TO THE STUDENTS WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Ted Rosenow President | OfficerTrustee | 0.25 | $0 |
Ms Rose Treml Vice President | OfficerTrustee | 0.25 | $0 |
Mr Cole Johnson Treasurer | OfficerTrustee | 0.25 | $0 |
Ms Amy Oster Secretary | OfficerTrustee | 0.25 | $0 |
Dr Kayte Hamel Executive Director | Officer | 28 | $0 |
Dr Laurie Borowicz Director/college President | Trustee | 2 | $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 | $695,062 |
| Noncash contributions included in lines 1a–1f | $29,654 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $695,062 |
| Total Program Service Revenue | $0 |
| Investment income | $152,804 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $536,870 |
| Net Income from Fundraising Events | $6,876 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,391,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $253,426 |
| Grants and other assistance to domestic individuals. | $470,874 |
| 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 | $140,059 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $213,531 |
| Advertising and promotion | $0 |
| Office expenses | $2,795 |
| 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 | $2,896 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,089,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,149 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $994 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,216,745 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,365,888 |
| Accounts payable and accrued expenses | $3,911 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $13,911 |
| Net assets without donor restrictions | $1,159,777 |
| Net assets with donor restrictions | $7,192,200 |
| 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 | $8,365,888 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Kishwaukee College Foundation has recieved totaling $95,942.
| Awarding Organization | Amount |
|---|---|
Dekalb County Community Foundation Sycamore, IL PURPOSE: GENERAL SUPPORT | $63,620 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,800 |
American Floral Endowment Alexandria, VA PURPOSE: PHILLIP SCHOLARSHIPS | $7,000 |
George E And Betty B Dutton Foundation Evansville, IN PURPOSE: PROGRAM SUPPORT | $5,000 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 01/12/21 | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Endowment Analysis
| Beg. Balance | $8,324,848 |
| Earnings | -$871,229 |
| Net Contributions | $442,772 |
| Grants | $657,934 |
| Ending Balance | $7,238,457 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |