Oakton Community College Educational Foundation

Organization Overview

Oakton Community College Educational Foundation, operating under the name Oakton College Educational Foundation, is located in Des Plaines, IL. The organization was established in 1977. According to its NTEE Classification (B41) the organization is classified as: Two-Year 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. Oakton College Educational 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 06/2024, Oakton College Educational Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.8m during the year ending 06/2024. While expenses have increased by 6.1% per year over the past 8 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

2024

Describe the Organization's Mission:

Part 3 - Line 1

TO ENABLE STUDENT SUCCESS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION OVERSEES MORE THAN 140 ACTIVE SCHOLARSHIPS AND DISTRIBUTED 532 SCHOLARSHIP AWARDS TO 522 INDIVIDUAL STUDENTS TO ASSIST SCHOLARS WHO FACE FINANCIAL BARRIERS TO ACCESS, PERSISTANCE, AND SUCCESS IN COLLEGE. SCHOLARSHIP AWARDS ARE MADE BASED ON CRITERIA ESTABLISHED BY DONORS, WHICH MAY INCLUDE BUT IS NOT LIMITED TO ACADEMIC EXCELLENCE, DEMONSTRATED LEADERSHIP STRENGTHES, SPECIFIC PROGRAMS OF STUDY, AND FINANCIAL NEED.


EMERGENCY FUNDS PROVIDED TO STUDENTS AND EMPLOYEES WHO FACE UNEXPECTED HARDSHIP THAT MIGHT PREVENT THEM FROM CONTINUING THEIR EDUCATION AS WELL AS AWARDS FOR EMPLOYEE EXCELLENCE RELATED TO EXCEPTIONAL STUDENT SERVICE.


THE FOUNDATION EXTENDED 15 INDIVIDUAL PROJECT GRANTS TO FACULTY AND EMPLOYEES TO SEED INNOVATION AND FUEL STUDENT AND COMMUNITY ENGAGEMENT OPPORTUNITIES, AS WELL AS SUPPORTING FOUNDATION CAPACITY BUILDING.


PROGRAM EXPENDITURES RELATED TO STUDENT DEBT RELIEF IN THE AMOUNT OF $122,691, SUPPORTING 95 STUDENTS TO AID IN RETENTION AND COMPLETION AS WELL AS INVESTMENT IN OTHER ACADEMIC AND STUDENT SUPPORT INITIATIVES.


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Board, Officers & Key Employees

Name (title)Compensation
Murray Sprung
President
$0
Carl Costanza
Immed Past President
$0
Julie Fenton
Vice President/president-Elect
$0
Nancy Sullivan
Treasurer
$0
Jeff Coney
Secretary
$0
Alex Boryszewski
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$50,000
Government grants $329,000
All other contributions, gifts, grants, and similar amounts not included above$1,410,752
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,789,752
Total Program Service Revenue$0
Investment income $1,087,975
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$22,207
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,855,520

Grants Awarded

Over the last fiscal year, Oakton Community College Educational Foundation has awarded $517,310 in support to 2 organizations.

Grant RecipientAmount

OAKTON COMMUNITY COLLEGE

PURPOSE: General support

$121,466

OAKTON COMMUNITY COLLEGE

PURPOSE: See Part IV

$395,844
View Grant Profile

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