Highland Community College Foundation is located in Freeport, IL. The organization was established in 1964. 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. Highland 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 06/2022, Highland Community College Foundation generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 2.3% 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
TO PROVIDE GRANTS & SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO HIGHLAND COMMUNITY COLLEGE AND SCHOLARSHIPS TO STUDENTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeff Reinke Executive Director (thru 12/31/21) | Officer | 40 | $124,541 |
Dan Dick Executive Director | Officer | 40 | $78,112 |
Patricia Dunn Director Of Operations | Officer | 40 | $66,053 |
David Barton President | OfficerTrustee | 0.5 | $0 |
Lucas Beggin Treasurer | OfficerTrustee | 0.5 | $0 |
Rob Urish Past-President | OfficerTrustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $54,372 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,816,173 |
Noncash contributions included in lines 1a–1f | $204,313 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,870,545 |
Total Program Service Revenue | $0 |
Investment income | $315,856 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $7,500 |
Net Gain/Loss on Asset Sales | $631,828 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,825,729 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,619,272 |
Grants and other assistance to domestic individuals. | $328,681 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $315,031 |
Compensation of current officers, directors, key employees. | $142,430 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $53,560 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $11,810 |
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 | $60,535 |
Advertising and promotion | $19,024 |
Office expenses | $4,988 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $9,234 |
Travel | $3,346 |
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 | $4,803 |
Insurance | $7,132 |
All other expenses | $0 |
Total functional expenses | $2,515,892 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $363,902 |
Savings and temporary cash investments | $294,564 |
Pledges and grants receivable | $2,287,345 |
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 | $1,942 |
Investments—publicly traded securities | $23,018,522 |
Investments—other securities | $670,000 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $453,598 |
Total assets | $27,089,873 |
Accounts payable and accrued expenses | $92,598 |
Grants payable | $0 |
Deferred revenue | $92,500 |
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 | $185,098 |
Net assets without donor restrictions | $12,298,899 |
Net assets with donor restrictions | $14,605,876 |
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 | $27,089,873 |
Over the last fiscal year, we have identified 1 grants that Highland Community College Foundation has recieved totaling $6,000.
Awarding Organization | Amount |
---|---|
Richard G Wood Forreston High School Scholarship Fund Rockford, IL PURPOSE: SCHOLARSHIP DISTRIBUTION | $6,000 |
Beg. Balance | $25,765,219 |
Earnings | -$3,167,376 |
Admin Expense | $2,160,920 |
Net Contributions | $2,125,807 |
Ending Balance | $22,562,730 |
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 |