Highland Community College Foundation
- Assets
- $30.1m
- Revenue
- $4.3m
- Investments
- $670.0k
- Employees
- 0
- Location
- Freeport, IL
- Founding
- 05/1964
- Data as of
- 06/2023
- EIN
- 36-2592395
Organization Overview
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 06/2023, Highland Community College Foundation generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $1.7m during the year ending 06/2023. 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
2023
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Barton President | OfficerTrustee | 0.5 | $0 |
Lucas Beggin Treasurer | OfficerTrustee | 0.5 | $0 |
Rob Urish Past-President | OfficerTrustee | 0.5 | $0 |
Christeen Urish Secretary | OfficerTrustee | 0.5 | $0 |
Kerry Hoops Vice President | OfficerTrustee | 0.5 | $0 |
Doug Block Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,836 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,619,373 |
| Noncash contributions included in lines 1a–1f | $35,585 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,651,209 |
| Total Program Service Revenue | $0 |
| Investment income | $434,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,247,447 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,333,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $811,665 |
| Grants and other assistance to domestic individuals. | $285,196 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $222,012 |
| Compensation of current officers, directors, key employees. | $114,459 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,619 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,417 |
| 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 | $100,509 |
| Fees for services: Other | $40,191 |
| Advertising and promotion | $36,804 |
| Office expenses | $3,927 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,422 |
| Travel | $3,807 |
| 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 | $883 |
| Insurance | $2,257 |
| All other expenses | $10,508 |
| Total functional expenses | $1,732,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $475,879 |
| Savings and temporary cash investments | $332,939 |
| Pledges and grants receivable | $1,714,493 |
| 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 | $11,550 |
| Net Land, buildings, and equipment | $1,059 |
| Investments—publicly traded securities | $26,454,741 |
| Investments—other securities | $670,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $471,787 |
| Total assets | $30,132,448 |
| Accounts payable and accrued expenses | $496,386 |
| 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 | $496,386 |
| Net assets without donor restrictions | $13,746,966 |
| Net assets with donor restrictions | $15,889,096 |
| 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 | $30,132,448 |