Frontier Community College Foundation
- Assets
- $1.0m
- Revenue
- $56.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfield, IL
- Founding
- 01/1978
- Data as of
- 06/2021
- EIN
- 37-1037552
Organization Overview
Frontier Community College Foundation is located in Fairfield, IL. The organization was established in 1978. 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. Frontier 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, Frontier Community College Foundation generated $56.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $45.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 6 years. 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
SUPPORT OF LOCAL COMMUNITY COLLEGE THROUGH SCHOLARSHIPS PROVIDED TO STUDENTS, SUPPORT OF COLLEGE PROGRAMS, FACILITIES AND REGISTRATION FEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR STUDENTS ATTENDING COMMUNITY COLLEGE.
FUNDS TO IMPROVE CLASSROOMS, PROGRAMS AND FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Rush President | OfficerTrustee | 1 | $0 |
David Savage Vice-President | OfficerTrustee | 1 | $0 |
Diane Robinson Treasurer | OfficerTrustee | 1 | $0 |
Frances Carter Secretary | OfficerTrustee | 1 | $0 |
Doug Anderson Director | Trustee | 1 | $0 |
Jackie Borowiak Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $200 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,430 |
| Total Program Service Revenue | $13,125 |
| Investment income | $7,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,340 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $22,929 |
| 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 | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,736 |
| Fees for services: Other | $0 |
| 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 | $569 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,293 |
| Insurance | $777 |
| All other expenses | $4,108 |
| Total functional expenses | $45,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,007 |
| Savings and temporary cash investments | $150,774 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $136,173 |
| Investments—publicly traded securities | $496,657 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $166,234 |
| Total assets | $1,034,845 |
| 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 | $103,768 |
| Other liabilities | $0 |
| Total liabilities | $103,768 |
| Net assets without donor restrictions | $674,842 |
| Net assets with donor restrictions | $256,235 |
| 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 | $1,034,845 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Frontier Community College Foundation has recieved totaling $17,360.
| Awarding Organization | Amount |
|---|---|
Puckett Foundation Fairfield, IL PURPOSE: SUPPORT OF COMMUNITY COLLEGE | $11,860 |
Fairfield National Bank Community Foundation Fairfield, IL PURPOSE: SCHOLARSHIPS | $5,000 |
Fairfield National Bank Community Foundation Fairfield, IL PURPOSE: FCC HOMECOMING 2021 | $500 |
Endowment Analysis
| Beg. Balance | $168,166 |
| Earnings | $5,032 |
| Admin Expense | $2,064 |
| Grants | $4,900 |
| Ending Balance | $166,234 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Blanche Ebert Seaver Trust For Frank R Seaver College Chicago, IL | $130,613,951 | $5,090,055 |
William Rainey Harper College Educational Foundation Palatine, IL | $50,154,930 | $4,699,112 |
Clven National House Corporation Carmel, IN | $3,795,815 | $8,533,157 |
College Heights Foundation Inc Bowling Green, KY | $121,076,020 | $12,280,275 |
Northern Kentucky University Foundation Inc Highland Heights, KY | $152,385,239 | $8,696,843 |
Rochelle Zell Jewish High School Deerfield, IL | $17,970,776 | $8,473,073 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Western Kentucky University Foundation Bowling Green, KY | $138,269,164 | $12,431,849 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
University Of Central Missouri Foundation Warrensburg, MO | $77,602,876 | $17,903,644 |