Flathead Valley Community College Foundation Inc
- Assets
- $25.6m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Kalispell, MT
- Founding
- 02/1977
- Data as of
- 12/2021
- EIN
- 81-0365752
Organization Overview
Flathead Valley Community College Foundation Inc is located in Kalispell, MT. The organization was established in 1977. 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. Flathead Valley Community College Foundation Inc 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 12/2021, Flathead Valley Community College Foundation Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $4.2m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST THE FLATHEAD VALLEY COMMUNITY COLLEGE WITH FUNDRAISING AND SCHOLARSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDING FOR CONSTRUCTION OF THE BROUSSARD FAMILY LIBRARY AND LEARNING COMMONS AND THE COLLEGE CENTER ON FLATHEAD VALLEY COMMUNITY COLLEGE'S KALISPELL CAMPUS.
PROVIDING SCHOLARSHIP FUNDING TO STUDENTS AT FLATHEAD VALLEY COMMUNITY COLLEGE. IN ADDITION, PROVIDING EMERGENCY ASSISTANCE GRANTS OF UP TO $300 TO STUDENTS WITH AN EMERGENCY SITUATION THAT MAY PREVENT THEM FROM GETTING TO CLASS.
TO ASSIST WITH TECHNOLOGY EXPENSES AT FVCC AND PURCHASE BOARDABLE BOARD SOFTWARE.
SUPPORT FLATHEAD VALLEY COMMUNITY COLLEGE'S CULINARY ARTS ASSOCIATE OF APPLIED SCIENCE DEGREE PROGRAM AND CHEF'S TABLE INTERNSHIP PROGRAM. ALSO PROVIDE FUNDING TO FACULTY AND STAFF AT FLATHEAD VALLEY COMMUNITY COLLEGE FOR INNOVATIVE PROJECTS THAT FOCUS ON STUDENT RETENTION AND TO ASSIST WITH STUDENT TRAVEL TO PRESENT RESEARCH CONFERENCES. TO ASSIST WITH EXPENSES ASSOCIATED WITH THE STUDENT HEALTH CLINIC HOUSED IN THE REBECCA CHANEY BROUSSARD NURSING AND HEALTH SCIENCE BUILDING. TO ASSIST WITH EXPENSES ASSOCIATED WITH THE NURSING PROGRAM AT FVCC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Sliter Past Chair | OfficerTrustee | 1 | $0 |
Walter Kuhn Chair | OfficerTrustee | 1 | $0 |
Tracy Freeman Treasurer - Part Year | OfficerTrustee | 1 | $0 |
Joe Kola Treasurer - Part Year | OfficerTrustee | 1 | $0 |
Jessica Hanson Vice Chair | OfficerTrustee | 1 | $0 |
Russell Barnes Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $274,226 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,325,599 |
| Noncash contributions included in lines 1a–1f | $1,055,572 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,599,825 |
| Total Program Service Revenue | $0 |
| Investment income | $392,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,178,038 |
| Net Income from Fundraising Events | $35,651 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,206,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,221,391 |
| Grants and other assistance to domestic individuals. | $786,189 |
| 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 | $12,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $91,500 |
| Fees for services: Other | $4,981 |
| Advertising and promotion | $0 |
| Office expenses | $1,237 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,965 |
| All other expenses | $0 |
| Total functional expenses | $4,234,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,255 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,245,018 |
| 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 | $21,845,403 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $241,950 |
| Total assets | $25,563,626 |
| Accounts payable and accrued expenses | $1,898,710 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| 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 | $1,027,835 |
| Total liabilities | $2,946,545 |
| Net assets without donor restrictions | $502,769 |
| Net assets with donor restrictions | $22,114,312 |
| 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 | $25,563,626 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Flathead Valley Community College Foundation Inc has recieved totaling $5,170.
| Awarding Organization | Amount |
|---|---|
Eaves Family Foundation Inc Los Angeles, CA PURPOSE: DONATION | $5,000 |
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $170 |
Endowment Analysis
| Beg. Balance | $19,347,750 |
| Earnings | $2,252,388 |
| Net Contributions | $4,487,866 |
| Other Expense | $3,973,692 |
| Ending Balance | $22,114,312 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
Idaho State University Foundation Inc Pocatello, ID | $103,380,553 | $14,176,900 |
Casper College Foundation Casper, WY | $118,882,238 | $11,522,950 |
Foundation Of Montana State University-Billings Billings, MT | $43,347,395 | $13,750,019 |
Montana Technological University Foundation Butte, MT | $62,802,705 | $7,987,188 |
Flathead Valley Community College Foundation Inc Kalispell, MT | $25,563,626 | $6,206,256 |
Northern Wyoming Community College Foundation Sheridan, WY | $33,113,108 | $3,315,180 |
Northwest College Foundation Powell, WY | $59,844,602 | $7,208,480 |
Williston State College Foundation Williston, ND | $26,851,284 | $7,223,320 |
College Of Southern Idaho Foundation Inc Twin Falls, ID | $47,429,745 | $8,059,079 |
The Bismarck State College Foundation Bismarck, ND | $52,565,750 | $4,203,198 |
Valley City State University Foundation Valley City, ND | $18,931,398 | $7,610,342 |