Black Hawk College Foundation
- Assets
- $7.3m
- Revenue
- $756.7k
- Investments
- $228.7k
- Employees
- 0
- Location
- Moline, IL
- Founding
- 08/1983
- Data as of
- 06/2023
- EIN
- 36-3240562
Organization Overview
Black Hawk College Foundation is located in Moline, IL. The organization was established in 1983. 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. Black Hawk 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 06/2023, Black Hawk College Foundation generated $756.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $278.9k during the year ending 06/2023. While expenses have increased by 4.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR & CARRY ON SUCH ACTIVITIES TO ALLOW THE GROWTH, EXPANSION, & DEVELOPMENT OF BLACK HAWK COLLEGE, QUAD-CITIES CAMPUS AND OTHER QUAD-CITIES FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDS SCHOLARSHIPS TO INDIVIDUALS ATTENDING BLACK HAWK COLLEGE & FUNDS TO BLACK HAWK COLLEGE FOR PROGRAMS & CAPITAL EXPENSES & EMERGENCY FUNDS TO INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Ryckaert Chair | OfficerTrustee | 1 | $0 |
Steve Layer Vice Chair | OfficerTrustee | 1 | $0 |
Dave Emerick Treasurer | OfficerTrustee | 1 | $0 |
John Daly Director | Trustee | 1 | $0 |
Julie Gelaude Director | Trustee | 1 | $0 |
Wes Llewellyn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,264 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $516,580 |
| Noncash contributions included in lines 1a–1f | $8,572 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $555,844 |
| Total Program Service Revenue | $0 |
| Investment income | $249,898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$41,068 |
| Net Income from Fundraising Events | -$7,954 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $756,720 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,587 |
| Grants and other assistance to domestic individuals. | $143,036 |
| 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 | $3,911 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,850 |
| Fees for services: Other | $6,217 |
| Advertising and promotion | $15 |
| Office expenses | $8,764 |
| 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 | $4,716 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,980 |
| Total functional expenses | $278,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $512,180 |
| Pledges and grants receivable | $678,500 |
| Accounts receivable, net | $50 |
| 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 | $0 |
| Net Land, buildings, and equipment | $45,000 |
| Investments—publicly traded securities | $5,819,263 |
| Investments—other securities | $228,708 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,274 |
| Total assets | $7,292,975 |
| Accounts payable and accrued expenses | $23,768 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $62,138 |
| Total liabilities | $85,906 |
| Net assets without donor restrictions | $766,955 |
| Net assets with donor restrictions | $6,440,114 |
| 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 | $7,292,975 |