Moraine Valley Community College Foundation
- Assets
- $5.5m
- Revenue
- $686.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Palos Hills, IL
- Founding
- 02/1984
- Data as of
- 06/2022
- EIN
- 36-3191202
Organization Overview
Moraine Valley Community College Foundation is located in Palos Hills, IL. The organization was established in 1984. 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. Moraine Valley 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, Moraine Valley Community College Foundation generated $686.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $650.0k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PURPOSE IS TO PROMOTE AND FINANCIALLY SUPPORT MORAINE VALLEY COMMUNITY COLLEGE PROGRAMS AND PROVIDE SCHOLARSHIP AND FINANCIAL ASSISTANCE TO STUDENTS WHILE EXERCISING PRUDENT INVESTMENT AND MANAGEMENT OF DONOR FUNDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINE AND PERFORMING ARTS - THE FOUNDATION PROVIDES ON-GOING FINANCIAL SUPPORT FOR THE MORAINE VALLEY COMMUNITY COLLEGE FINE AND PERFORMING ARTS CENTER. THIS SUPPORT PLAYS A CRUCIAL ROLE IN PROGRAM UNDERWRITING AND ON-GOING MAINTENANCE AT THE CENTER. THE ARTS CENTER IS A CENTRAL RESOURCE OF MORAINE VALLEY COMMUNITY COLLEGE WHICH HOSTS PERFORMANCES BY REGIONAL AND NATIONAL PROFESSIONAL COMPANIES IN DANCE, MUSIC, AND THEATER FOR CULTURAL AND ARTISTIC ENRICHMENT IN THE SOUTHWESTERN SUBURBS.
SCHOLARSHIPS - THE FOUNDATION PROVIDES FUNDING AND ADMINISTERS VARIOUS ACADEMIC SCHOLARSHIP PROGRAMS FOR STUDENTS OF MORAINE VALLEY COMMUNITY COLLEGE. SCHOLARSHIPS ARE MERIT BASED AND NEED BASED, AND ARE OFFERED COLLEGE-WIDE OR DESIGNATED TO PROVIDE SUPPORT THROUGH A SPECIFIC PROGRAM OR DEPARTMENT.
STUDENT EMERGENCY ASSISTANCE - THROUGH CONTRIBUTIONS OF VARIOUS INDIVIDUAL DONORS THE FOUNDATION HAS IMPLEMENTED AN EMERGENCY FINANCIAL ASSISTANCE PROGRAM FOR MORAINE VALLEY COMMUNITY COLLEGE STUDENTS WHO MIGHT OTHERWISE BE FORCED TO STOP OR DROP OUT OF SCHOOL. DONATIONS OF VARIOUS INDIVIDUALS ARE USED TO PAY THE EXPENSES OF MORAINE VALLEY COMMUNITY COLLEGE STUDENTS THAT ARE CONFRONTED WITH EXTRAORDINARY PERSONAL LIVING EXPENSES THAT IF NOT PAID ON AN IMMEDIATE BASIS WOULD LIKELY RESULT IN THAT STUDENT NOT BEING ABLE TO CONTINUE THEIR EDUCATION AT THE COLLEGE. FINANCIAL ASSISTANCE IS GRANTED TO STUDENTS ON A CASE BY CASE BASIS BY THE RECOMENDATION OF THE COLLEGE AFTER A REVIEW OF EACH STUDENTS CIRCUMSTANCES SURROUNDING THE REQUEST FOR ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Nawara Past President | OfficerTrustee | 2 | $0 |
Helen Lobas Vice President | OfficerTrustee | 4 | $0 |
Thomas Kantas President | OfficerTrustee | 6 | $0 |
Dr Margaret Lehner Secretary | OfficerTrustee | 4 | $0 |
Susan Wade Treasurer | OfficerTrustee | 4 | $0 |
Amy Sitterly Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $143,262 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $353,277 |
| Noncash contributions included in lines 1a–1f | $34,435 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $496,539 |
| Total Program Service Revenue | $0 |
| Investment income | $137,748 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,457 |
| Net Income from Fundraising Events | -$23,074 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $686,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $133,023 |
| Grants and other assistance to domestic individuals. | $400,390 |
| 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 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 | $28,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,947 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,930 |
| Information technology | $23,025 |
| 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 | $1,369 |
| Total functional expenses | $650,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $206,669 |
| Pledges and grants receivable | $15,000 |
| 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 | $13,253 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,081,711 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $174,872 |
| Total assets | $5,491,505 |
| Accounts payable and accrued expenses | $10,232 |
| Grants payable | $0 |
| Deferred revenue | $29,355 |
| 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 | $39,587 |
| Net assets without donor restrictions | $3,805,391 |
| Net assets with donor restrictions | $1,646,527 |
| 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 | $5,491,505 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Moraine Valley Community College Foundation has recieved totaling $25,207.
| Awarding Organization | Amount |
|---|---|
Fdc Foundation Countryside, IL PURPOSE: FUND SCHOLOARSHIOS FOR RETURNING STUDENTS | $21,000 |
Marquette Bank Foundation Chicago, IL PURPOSE: SCHOLARSHIPS | $1,000 |
Marquette Bank Foundation Chicago, IL PURPOSE: SCHOLARSHIPS | $1,000 |
Marquette Bank Foundation Chicago, IL PURPOSE: SCHOLARSHIPS | $1,000 |
Marquette Bank Foundation Chicago, IL PURPOSE: SCHOLARSHIPS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $207 |
Endowment Analysis
| Beg. Balance | $1,033,205 |
| Earnings | -$110,982 |
| Net Contributions | $6,450 |
| Grants | $23,979 |
| Ending Balance | $904,694 |
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 |