Wabash Valley College Foundation
- Assets
- $5.6m
- Revenue
- -$263.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Mount Carmel, IL
- Founding
- 12/1965
- Data as of
- 06/2022
- EIN
- 37-6042332
Organization Overview
Wabash Valley College Foundation is located in Mount Carmel, IL. The organization was established in 1965. 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. Wabash 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL PROGRAM SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS PROVIDED TO QUALIFYING STUDENTS
SUPPORT OF ATHLETICS AND OTHER PROGRAMS OF IECC DIST 529
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Decker Past Preside | Officer | $0 | |
Leann Burton Treasurer | Officer | $0 | |
Karin Hodgson Past Preside | Officer | $0 | |
Brooke Slater President | Officer | $0 | |
Louise Acree Secretary | Officer | $0 | |
Rob Coleman Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,435 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,109 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,544 |
| Total Program Service Revenue | $0 |
| Investment income | -$417,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,419 |
| Net Rental Income | $61,869 |
| 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 | $4,014 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$263,369 |
| 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 | $6,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,834 |
| Fees for services: Accounting | $19,856 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,993 |
| Fees for services: Other | $16,800 |
| Advertising and promotion | $0 |
| Office expenses | $187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,402 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,443 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,184 |
| Insurance | $12,215 |
| All other expenses | $1,910 |
| Total functional expenses | $434,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,415 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $143 |
| 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 | $3,496 |
| Net Land, buildings, and equipment | $284,117 |
| Investments—publicly traded securities | $5,312,945 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,909 |
| Total assets | $5,621,025 |
| Accounts payable and accrued expenses | $1,499 |
| 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 | $26,466 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,965 |
| Net assets without donor restrictions | $2,991,994 |
| Net assets with donor restrictions | $2,601,066 |
| 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 | $5,621,025 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wabash Valley College Foundation has recieved totaling $6,823.
| Awarding Organization | Amount |
|---|---|
Fairfield Community Foundation Fairfield, OH PURPOSE: SCHOLARSHIP | $5,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $1,300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
View Grant Recipient Profile
Endowment Analysis
| Beg. Balance | $5,831,410 |
| Earnings | -$525,340 |
| Net Contributions | $79,109 |
| Other Expense | $26,265 |
| Grants | $45,970 |
| Ending Balance | $5,312,944 |
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 |