Springfield College In Illinois
- Assets
- $615.3k
- Revenue
- -$125.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 03/1946
- Data as of
- 05/2022
- EIN
- 37-0663573
Organization Overview
Springfield College In Illinois is located in Springfield, IL. The organization was established in 1946. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Springfield College In Illinois is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRIOR TO MAY 2018 THE COLLEGE'S MISSION WAS TO PROVIDE STUDENTS THE BEST LIBERAL ARTS EDUCATION IN THE URSULINE TRADITION OF A NURTURING FAITH-BASED ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIOR TO MAY 2018, THE COLLEGE'S MAIN MISSION WAS TO OPERATE A PRIVATE LIBERAL ARTS COLLEGE IN THE GREATER SPRINGFIELD AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Interim CFO Until 5/31/2021 | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$150,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$125,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $7,696 |
| Fees for services: Accounting | $4,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,067 |
| Advertising and promotion | $0 |
| Office expenses | $7,067 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $117,080 |
| Travel | $5,994 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,072 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $76,802 |
| All other expenses | $0 |
| Total functional expenses | $255,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,660 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84 |
| 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 | $56,529 |
| Net Land, buildings, and equipment | $400,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $615,273 |
| Accounts payable and accrued expenses | $8,447 |
| 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 | $463,190 |
| Total liabilities | $471,637 |
| Net assets without donor restrictions | $143,636 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $615,273 |
Endowment Analysis
| Beg. Balance | $40,897,545 |
| Earnings | $1,577,869 |
| Net Contributions | $464,381 |
| Grants | $1,259,118 |
| Ending Balance | $41,680,677 |
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