Joliet Junior College Foundation
- Assets
- $30.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Joliet, IL
- Founding
- 12/1976
- Data as of
- 06/2022
- EIN
- 51-0176990
Organization Overview
Joliet Junior College Foundation is located in Joliet, IL. The organization was established in 1976. 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. Joliet Junior 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, Joliet Junior College Foundation generated $2.6m 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 (4.1%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE MISSION AND GOALS OF JOLIET JUNIOR COLLEGE BY RAISING AND MANAGING PRIVATE DOLLARS FOR SCHOLARSHIPS, NEW BUILDINGS AND EQUIPMENT, THE EXPANSION AND ENRICHMENT OF ACADEMIC PROGRAMS, ENDOWMENTS AND OTHER NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL SUPPORT TO JOLIET JUNIOR COLLEGE, THROUGH SCHOLARSHIPS AND AWARDS TO ELIGIBLE STUDENTS IDENTIFIED BY THE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Mulvey Executive Director | Officer | 40 | $24,000 |
Jdavid Conterio Treasurer | OfficerTrustee | 1 | $0 |
Dr Brett Gould President | OfficerTrustee | 1 | $0 |
William Conte Vice President | OfficerTrustee | 1 | $0 |
Jennifer Howard Past President | OfficerTrustee | 1 | $0 |
Chris D Brown At-Large | Trustee | 1 | $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 | $1,556,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,556,396 |
| Total Program Service Revenue | $0 |
| Investment income | $766,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $307,067 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,630,058 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $710,211 |
| 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 | $1,950 |
| Fees for services: Accounting | $15,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,059 |
| 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 | $48,841 |
| Total functional expenses | $1,726,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,155 |
| Savings and temporary cash investments | $294,274 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,152 |
| 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 | $760,905 |
| Investments—publicly traded securities | $28,690,453 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,033,939 |
| Accounts payable and accrued expenses | $50,815 |
| 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 | $50,815 |
| Net assets without donor restrictions | $4,600,556 |
| Net assets with donor restrictions | $25,382,568 |
| 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 | $30,033,939 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Joliet Junior College Foundation has recieved totaling $39,383.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,000 |
Edward Valintis Charitable Trust Burr Ridge, IL PURPOSE: SCHOLARSHIP | $10,000 |
Proliteracy Worldwide Syracuse, NY PURPOSE: LITERACY PROGRAMS | $6,250 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $6,000 |
Organization Name not Listed PURPOSE: GENERAL CHARITABLE PURPOSES | | $2,833 |
Wanda Muntwyler Foundation For Animals Cincinnati, OH PURPOSE: ANNUAL FUND | $2,500 |
Endowment Analysis
| Beg. Balance | $28,449,415 |
| Earnings | -$3,242,112 |
| Net Contributions | $1,429,503 |
| Other Expense | $1,254,238 |
| Ending Balance | $25,382,568 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |