College Of Lake County Foundation

Organization Overview

College Of Lake County Foundation is located in Grayslake, IL. The organization was established in 2015. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. College Of Lake County 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, College Of Lake County Foundation generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 13.0% 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.

Since 2015, College Of Lake County Foundation has awarded 17 individual grants totaling $9,254,868. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE COLLEGE OF LAKE COUNTY FOUNDATION SEEKS TO BE LAKE COUNTY'S FIRST CHOICE EDUCATIONAL FOUNDATION. OUR PHILANTHROPIC PARTNERSHIPS SUPPORT THE COLLEGE'S MISSION TO DELIVER HIGH QUALITY, ACCESSIBLE LEARNING OPPORTUNITIES, ADVANCE STUDENT SUCCESS AND STRENGTHEN THE DIVERSE LAKE COUNTY COMMUNITIES IT SERVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENTS TO THE COLLEGE OF LAKE COUNTY, OTHER ORGANIZATIONS AND STUDENTS TO BE USED FOR GRANTS AND SCHOLARSHIPS APPLICABLE TO STUDENT TUITION AND FEES.


GRANTS TO AND ON BEHALF OF COLLEGE OF LAKE COUNTY AND OTHER ORGANIZATIONS FOR ENHANCEMENT OF INSTRUCTIONAL PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Kurt Peterson
Executive Dir.
$180,540
Kenneth C Gotsch
Treas-Exofficio
$0
Tiffany Peppers
Chair
$0
Connie Kravitz
Treas-Exofficio
$0
Renee Young
Vice Chair
$0
Scot Parker
Secretary
$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$6,322,759
Noncash contributions included in lines 1a–1f $127,147
Total Revenue from Contributions, Gifts, Grants & Similar$6,322,759
Total Program Service Revenue$0
Investment income $142,120
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $366,160
Net Income from Fundraising Events $93,133
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,924,172

Grants Awarded

Over the last fiscal year, College Of Lake County Foundation has awarded $2,109,159 in support to 2 organizations.

Grant RecipientAmount

COLLEGE OF LAKE COUNTY

PURPOSE: Grants and scholarships

$2,082,321

COLLEGE OF LAKE COUNTY

PURPOSE: General support

$26,838
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 15 grants that College Of Lake County Foundation has recieved totaling $1,389,366.

Awarding OrganizationAmount
Fulk Family Foundation Inc

Chicago, IL

PURPOSE: URBAN AG FACILITY

$1,000,000
Hunter Family Foundation

Chicago, IL

PURPOSE: GENERAL SUPPORT

$150,000
Fulk Family Foundation Inc

Chicago, IL

PURPOSE: CDL PROG SCHOLARSHIPS

$110,000
Julian Grace Foundation

Highland Park, IL

PURPOSE: GENERAL OPERATING SUPPORT

$50,000
Stephenson Family Foundation

Schaumburg, IL

PURPOSE: GENERAL CONTRIBUTION

$25,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$10,175
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,661,590
Earnings-$276,131
Net Contributions$576,794
Grants$94,218
Ending Balance$2,868,035

Peer Organizations

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