Sauk Valley College Foundation
- Assets
- $8.8m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Dixon, IL
- Founding
- 06/1966
- Data as of
- 06/2022
- EIN
- 36-6135387
Organization Overview
Sauk Valley College Foundation is located in Dixon, IL. The organization was established in 1966. 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. Sauk Valley 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, Sauk Valley College Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $659.8k during the year ending 06/2022. While expenses have increased by 8.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION STATEMENT OF THE SAUK VALLEY COLLEGE FOUNDATION IS TO PROVIDE SUPPORT TO SAUK VALLEY COMMUNITY COLLEGE, ITS PROGRAMS AND ITS STUDENTS.
Describe the Organization's Program Activity:
THE SCHOLARSHIP PROGRAM INCLUDES APPROXIMATELY 340 SCHOLARSHIPS TOTALING APPROXIMATELY $269,987 PLUS AWARDS OF $222,729.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Abele Secretary | OfficerTrustee | 1 | $0 |
Rebekah Emery Treasurer | OfficerTrustee | 1 | $0 |
William Wescott President | OfficerTrustee | 1 | $0 |
Lauren Bishop Vice President | OfficerTrustee | 1 | $0 |
Melissa Dye Director | Trustee | 1 | $0 |
Marcia Jones Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,746 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,792,569 |
| Noncash contributions included in lines 1a–1f | $2,496 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,808,315 |
| Total Program Service Revenue | $0 |
| Investment income | $3,513 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,989 |
| Net Income from Fundraising Events | -$26,578 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,835,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $492,716 |
| 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 | $10,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,569 |
| Fees for services: Other | $24,232 |
| Advertising and promotion | $16,588 |
| Office expenses | $14,771 |
| 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 | $12,324 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $61,652 |
| Total functional expenses | $659,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $799,051 |
| Savings and temporary cash investments | $596,936 |
| Pledges and grants receivable | $194,062 |
| Accounts receivable, net | $645 |
| 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 | $4,679 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,215,607 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,810,980 |
| Accounts payable and accrued expenses | $0 |
| 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 | $93,220 |
| Total liabilities | $93,220 |
| Net assets without donor restrictions | $697,867 |
| Net assets with donor restrictions | $8,019,893 |
| 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 | $8,810,980 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Sauk Valley College Foundation has recieved totaling $23,452.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $20,500 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 01/12/21 | $1,500 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $375 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $375 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $375 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $327 |
Endowment Analysis
| Beg. Balance | $5,513,555 |
| Earnings | -$990,778 |
| Net Contributions | $2,349,593 |
| Other Expense | $183,104 |
| Ending Balance | $6,689,266 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |