Waubonsee Community College Foundation
- Assets
- $6.6m
- Revenue
- $518.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Sugar Grove, IL
- Founding
- 01/1979
- Data as of
- 06/2021
- EIN
- 36-2990533
Organization Overview
Waubonsee Community College Foundation is located in Sugar Grove, IL. The organization was established in 1979. 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. Waubonsee 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 06/2021, Waubonsee Community College Foundation generated $518.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $399.0k during the year ending 06/2021. While expenses have increased by 6.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND WAUBONSEE COMMUNITY COLLEGE STUDENT SCHOLARSHIPS AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WCCF PROVIDED 395 SCHOLARSHIPS TO STUDENTS ATTENDING WCC. THE TOTAL VALUE IS $306,891 WHICH INCLUDED $290,415 OF WCCF SCHOLARSHIPS AND $15,660 IN CAREER & TECHNICAL EDUCATION SCHOLARSHIPS FOR WCC STUDENTS.
THE WCCF PAID $31,125 TO WAUBONSEE COMMUNITY COLLEGE FOR DONATIONS RECEIVED TO SUPPORT SPECIFIC EDUCATIONAL PROGRAMS AT THE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Proctor Vice President | OfficerTrustee | 1 | $0 |
Edward Keating President | OfficerTrustee | 2 | $0 |
Michael Ochsenschlager Secretary/treasurer | OfficerTrustee | 2 | $0 |
Darla Essalih Executive Treasurer | Officer | 2 | $0 |
Robert Barto 712020-12312020 Foundation Executive Director | Officer | 32 | $0 |
Melinda Tejada 112021-6302021 Foundation Executive Director | Officer | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $297,787 |
| Investment income | $120,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $99,590 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $518,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $306,891 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $30,072 |
| Fees for services: Other | $10,407 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $398,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,243 |
| Pledges and grants receivable | $93,875 |
| 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 | $1,500 |
| Investments—publicly traded securities | $6,367,525 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,744 |
| Total assets | $6,563,887 |
| Accounts payable and accrued expenses | $3,224 |
| Grants payable | $0 |
| Deferred revenue | $11,500 |
| 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 | $14,724 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $6,549,163 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Waubonsee Community College Foundation has recieved totaling $59,835.
| Awarding Organization | Amount |
|---|---|
Nebraska Community Foundation Lincoln, NE PURPOSE: SMALL BUSINESS DEVELOPMENT CENTER | $20,000 |
Aws Foundation Miami, FL | | $19,703 |
Illinois Prairie Community Foundation Inc Bloomington, IL PURPOSE: CHARITABLE PURPOSES | $7,000 |
Hansen Furnas Foundation Inc Batavia, IL PURPOSE: SCHOLARSHIPS | $6,400 |
Shodeen Family Foundation Geneva, IL PURPOSE: 2021/2022 SCHOLARSHIPS | $4,000 |
Richard And Gina Santori Charitable Foundation Lisle, IL PURPOSE: SCHOLARSHIP PROGRAM | $2,500 |
Endowment Analysis
| Beg. Balance | $2,785,001 |
| Earnings | $571,548 |
| Net Contributions | $48,688 |
| Other Expense | $88,220 |
| Ending Balance | $3,317,017 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ranken Technical College St Louis, MO | $130,223,439 | $47,100,026 |
Midway University Inc Midway, KY | $66,224,424 | $32,615,868 |
Lincoln University Lincoln, IL | $52,024,030 | $25,875,577 |
Holy Cross College Inc Notre Dame, IN | $53,093,799 | $27,179,393 |
Cottey College Nevada, MO | $140,381,856 | $25,014,106 |
St Augustine College Chicago, IL | $15,853,961 | $18,146,895 |
Ancilla Domini College Plymouth, IN | $0 | $14,414,276 |
Pierce Mortuary Colleges Inc Broadview, IL | $14,603,316 | $16,634,477 |
College Of The Menominee Nation Keshena, WI | $15,783,806 | $11,637,458 |
Lac Courte Oreilles Ojibwe College Hayward, WI | $16,000,980 | $10,229,989 |
The Metropolitan Community College Foundation Kansas City, MO | $16,663,239 | $3,405,477 |
Kirkwood Community College Foundation Cedar Rapids, IA | $43,540,342 | $11,748,704 |