Highland Community College Foundation

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 06/2022, 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.

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


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Board, Officers & Key Employees

Name (title)Compensation
Jeff Reinke
Executive Director (thru 12/31/21)
$124,541
Dan Dick
Executive Director
$78,112
Patricia Dunn
Director Of Operations
$66,053
David Barton
President
$0
Lucas Beggin
Treasurer
$0
Rob Urish
Past-President
$0

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Highland Community College Foundation has recieved totaling $6,000.

Awarding OrganizationAmount
Richard G Wood Forreston High School Scholarship Fund

Rockford, IL

PURPOSE: SCHOLARSHIP DISTRIBUTION

$6,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$25,765,219
Earnings-$3,167,376
Admin Expense$2,160,920
Net Contributions$2,125,807
Ending Balance$22,562,730

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