Kalamazoo Valley Community College Foundation

Organization Overview

Kalamazoo Valley Community College Foundation is located in Kalamazoo, MI. The organization was established in 1980. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Kalamazoo Valley 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 06/2022, Kalamazoo Valley Community College Foundation generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SOLICIT, COLLECT AND INVEST DONATIONS MADE FOR THE PROMOTION OF EDUCATIONAL ACTIVITIES ON BEHALF OF KALAMAZOO VALLEY COMMUNITY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS TO KALAMAZOO VALLEY COMMUNITY COLLEGE


GRANTS TO KALAMAZOO VALLEY MUSEUM


PROPERTY MANAGEMENT- FSIC, LLC


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Board, Officers & Key Employees

Name (title)Compensation
Luther Marshall Washington
Ex-Officio Trustee
$0
Matt Lahman
Treasurer
$0
Michelle Eldridge
Board Chair
$0
Todd Sanford
Vice Chair
$0
Stacie Ferschweiler
Secretary
$0
Patrick Allkins
Trustee
$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$377,347
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$377,347
Total Program Service Revenue$313,466
Investment income $1,208,490
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,171,969
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,071,272

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