Northeast Community College Foundation
- Assets
- $33.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, NE
- Founding
- 05/2019
- Data as of
- 06/2022
- EIN
- 51-0145185
Organization Overview
Northeast Community College Foundation is located in Norfolk, NE. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Northeast 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, Northeast Community College Foundation generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.5% each year . All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 27.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING NORTHEAST COMMUNITY COLLEGE AND OTHER SUPPORT TO THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHEAST COMMUNITY COLLEGE FOUNDATION ASSISTS NORTHEAST COMMUNITY COLLEGE IN FURTHERING ITS EDUCATIONAL GOALS AND OBJECTIVES BY PROVIDING FINANCIAL SUPPORT TO STUDENTS, ASSISTING THE COLLEGE IN RAISING FUNDS FOR CAPITAL IMPROVEMENTS AND PROVIDING EQUIPMENT AND FUNDS TO ASSIST WITH PROGRAM NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Tracy Kruse Executive Director | Officer | 6 | $31,714 |
Ms Kendra Barnes Vice President | OfficerTrustee | 0.25 | $0 |
Mr Roy Miller Treasurer | OfficerTrustee | 0.25 | $0 |
Ms Greta Roth Secretary | OfficerTrustee | 0.25 | $0 |
Mr William Tielke President | OfficerTrustee | 0.25 | $0 |
Scott Gray Ex-Officio Director/treas | Officer | 0.5 | $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 | $1,990,573 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,990,573 |
| Total Program Service Revenue | $0 |
| Investment income | $1,770,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $595,760 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,360,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,586,928 |
| 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 | $0 |
| Fees for services: Accounting | $7,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,707 |
| Fees for services: Other | $0 |
| Advertising and promotion | $125 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $851 |
| Travel | $1,747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $20,493 |
| Total functional expenses | $2,803,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,437,994 |
| Pledges and grants receivable | $2,536,268 |
| 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 | $0 |
| Investments—publicly traded securities | $29,639,317 |
| Investments—other securities | $0 |
| Investments—program-related | $40,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,653,579 |
| Accounts payable and accrued expenses | $2,555 |
| 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 | $0 |
| Total liabilities | $2,555 |
| Net assets without donor restrictions | $20,492,533 |
| Net assets with donor restrictions | $13,158,491 |
| 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 | $33,653,579 |
Grants Awarded
Over the last fiscal year, Northeast Community College Foundation has awarded $2,586,928 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHEAST COMMUNITY COLLEGE PURPOSE: Buildings and equipmentGrant for building project | $2,025,828 |
NORTHEAST COMMUNITY COLLEGE PURPOSE: To provide scholarship assistance to Northeast Community College students, equipment, and program and development support. | $561,100 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Northeast Community College Foundation has recieved totaling $131,201.
| Awarding Organization | Amount |
|---|---|
Nebraska Community Foundation Lincoln, NE PURPOSE: GENERAL SUPPORT | $70,000 |
Hugo A And Thelma Aspegren Charitable Tr Lincoln, NE PURPOSE: PROVIDE EDUCATIONAL AND CHARITABLE SERVICES. | $50,000 |
Chs Foundation Inver Grove Heights, MN PURPOSE: 2021/22 UNIVERSITY PARTNER PROGRAM | $10,000 |
Howard County Foundation Inc St Paul, NE PURPOSE: Scholarships | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $201 |
Endowment Analysis
| Beg. Balance | $31,018,396 |
| Earnings | -$2,727,023 |
| Net Contributions | $749,895 |
| Other Expense | $93,775 |
| Grants | $261,965 |
| Ending Balance | $28,685,528 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee Des Moines, IA | $75,894,378 | $21,812,028 |
Envision Xpress Inc Wichita, KS | $21,582,294 | $13,602,741 |
Kansas State Newman Foundation Manhattan, KS | $3,619,556 | $4,925,097 |
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Rockley Family Foundation Inc Golden, CO | $1,094,070 | $6,767,758 |
Castle Rock Lifelong Learning Center Castle Rock, CO | $14,698,293 | $9,801,652 |
Steamboat Springs Education Fund Steamboat Springs, CO | $4,415,852 | $5,543,622 |
Compass For Lifelong Discovery Carbondale, CO | $15,833,149 | $4,673,711 |
Via-Bradely College Of Engineering Foundation Sioux Falls, SD | $33,602,136 | $3,151,765 |
Northeast Community College Foundation Norfolk, NE | $33,653,579 | $4,360,839 |