Kansas Independent College Foundation
- Assets
- $1.9m
- Revenue
- $1.5m
- Investments
- $882.2k
- Employees
- 0
- Location
- Topeka, KS
- Founding
- 04/1955
- Data as of
- 06/2024
- EIN
- 48-0636041
Organization Overview
Kansas Independent College Foundation is located in Topeka, KS. The organization was established in 1955. According to its NTEE Classification (B40) the organization is classified as: Higher Education, 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. Kansas Independent 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 06/2024, Kansas Independent College Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $1.2m during the year ending 06/2024. While expenses have increased by 24.0% per year over the past 8 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.
Since 2016, Kansas Independent College Foundation has awarded 108 individual grants totaling $478,478. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE EDUCATIONAL PROGRAMS OF ITS MEMBER COLLEGES BY RECEIVING AND ACCEPTING PROPERTY TO BE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES, PRIMARILY IN CONNECTION WITH THE PROMOTION AND SUPPORT OF EDUCATION AND ENCOURAGEMENT OF UNDERGRADUATE AND ADVANCED EDUCATION PROGRAMS IN KANSAS, AND TO ASSIST SUCH PROGRAMS IN UNDERGRADUATE AND ADVANCED EDUCATION PROGRAMS IN KANSAS, AND TO ASSIST SUCH PROGRAMS IN PERFORMING THE EDUCATIONAL NEEDS OF KANSAS AND TO PROMOTE THEIR GENERAL WELFARE AND FUNDING FOR SUCH PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A RANGE OF ACTIVITIES TO STRENGTHEN 21 MEMBER COLLEGES, INCLUDING FINANCIAL SUPPORT, STUDENT AID, IMPROVED ADMINISTRATIVE SERVICES, PROFESSIONAL DEVELOPMENT FOR FACULTY/STAFF.
KICF OFFERS A CONSORTIUM-BASED VENDOR CONTRACT FOR ENTERPRISE RESOURCE PLANNING SOFTWARE FOR PARTICIPATING MEMBER CAMPUSES, COORDINATES TRAINING AND SUPPORT ACTIVITIES FOR THAT SOFTWARE SYSTEM ACROSS MULTIPLE CAMPUSES, AND SERVES AS A LEAD POINT OF CONTACT FOR TROUBLESHOOTING AND SYSTEM UPDATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Msgr Stuart Swetland Chairperson | OfficerTrustee | 1 | $0 |
Dr Kathleen Jagger Vice Chairperson | OfficerTrustee | 1 | $0 |
Dr Jon Gering Secretary-Treasurer (beg. March 2024) | OfficerTrustee | 1 | $0 |
Dr Reggies Wenyika Secretary-Treasurer (thru March 2024) | OfficerTrustee | 1 | $0 |
Dr Michael P Schneider Trustee | Trustee | 1 | $0 |
Kevin Ingram Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $83,486 |
| Fundraising events | $0 |
| Related organizations | $223,107 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,630 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $396,223 |
| Total Program Service Revenue | $943,525 |
| Investment income | $27,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,270 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,460,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $116,063 |
| 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 | $57,277 |
| Pension plan accruals and contributions | $4,466 |
| Other employee benefits | $1,433 |
| Payroll taxes | $4,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,520 |
| Fees for services: Accounting | $42,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $825 |
| Office expenses | $8,335 |
| Information technology | $5,856 |
| Royalties | $0 |
| Occupancy | $6,482 |
| Travel | $7,320 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,130 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,863 |
| All other expenses | $60 |
| Total functional expenses | $1,230,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,722 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,002 |
| 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 | $6,524 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $882,203 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $702,324 |
| Total assets | $1,925,775 |
| Accounts payable and accrued expenses | $8,703 |
| 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 | $261,357 |
| Total liabilities | $270,060 |
| Net assets without donor restrictions | $937,994 |
| Net assets with donor restrictions | $717,721 |
| 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 | $1,925,775 |
Grants Awarded
Over the last fiscal year, Kansas Independent College Foundation has awarded $72,762 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BAKER UNIVERSITY PURPOSE: Financial support of a member college. | $5,437 |
BENEDICTINE COLLEGE PURPOSE: Financial support of a member college. | $6,872 |
FRIENDS UNIVERSITY PURPOSE: Financial support of a member college. | $7,094 |
MCPHERSON COLLEGE PURPOSE: Financial support of a member college. | $6,388 |
NEWMAN UNIVERSITY PURPOSE: Financial support of a member college. | $8,614 |
OTTAWA UNIVERSITY PURPOSE: Financial support of a member college. | $7,846 |