Form 990 for tax year 2024
Filed by KELLOGG COMMUNITY COLLEGE FOUNDATION.
Totals
- Total revenue
- $2,849,490
- Total expenses
- $686,595
- Contributions and grants received
- $2,125,262
- Grants paid
- $603,610
- Program service revenue
- $0
- Investment income
- $744,498
- Other revenue
- -$20,270
- Total assets, end of year
- $26,330,164
- Total liabilities, end of year
- $83,778
- Net assets or fund balances, end of year
- $26,246,386
- Program services expenses (Part IX)
- $603,610
- Management and general expenses
- $69,163
- Fundraising expenses
- $13,822
- Program service expenses (Part III)
- $603,610
Program services were 87.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$120,835
-
1f · All other contributions, gifts and grants
$2,004,427
-
1g · Noncash contributions included above
$927,824
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $489,536 · excluded $489,536
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $11,890,060
-
7b · Less cost or other basis and sales expenses
securities $11,635,098
-
7c · Gain or loss
securities $254,962 · other assets $0
-
7d · Net gain or loss
total $254,962 · excluded $254,962
-
8a · Fundraising events: gross income
$30,493
-
8a · Fundraising events: contributions included on line 1c
$120,835
-
8b · Fundraising events: direct expenses
$50,763
-
8c · Net income from fundraising events
total -$20,270 · excluded -$20,270
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $45,936 · program services $45,936
-
2 · Grants to domestic individuals
total $557,674 · program services $557,674
-
11f · Fees: investment management
total $69,163 · management and general $69,163
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $13,822 · fundraising $13,822
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $548,292 · end of year $356,747
-
3 · Pledges and grants receivable
beginning of year $7,040,422 · end of year $7,167,302
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $15,309,892 · end of year $18,806,115
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $384,212 · end of year $0
-
19 · Deferred revenue
beginning of year $54,034 · end of year $64,150
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $19,628
-
27 · Net assets without donor restrictions
beginning of year $3,454,375 · end of year $3,754,987
-
28 · Net assets with donor restrictions
beginning of year $19,774,409 · end of year $22,491,399
Mission and programs · 2024
Mission
THE KELLOGG COMMUNITY COLLEGE FOUNDATION GENERATES AND ENCOURAGES PHILANTHROPIC GIVING AND MANAGES FUNDS EXCLUSIVELY FOR KCC TO ENHANCE THE QUALITY OF EDUCATION WHILE BUILDING STRONGER COMMUNITIES.
-
DISTRIBUTION OF GRANTS, SCHOLARSHIPS AND AWARDS.
Expenses $603,610 · Grants $603,610
As filed on the 2024 return.
Listed in Part VII
-
Catherine YatesCATHERINE YATES
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1
-
Drew SchweitzerDREW SCHWEITZER
CHAIR
- Total calculated
- $0
- Hours/week
- 0.1
-
Joe LopezJOE LOPEZ
SECRETARY - PART YEAR
- Total calculated
- $0
- Hours/week
- 0.2
-
Paul Watson IIPAUL WATSON II
PRESIDENT
- Total calculated
- $284,639
- From this org
- $0
- From related orgs
- $220,543
- Other
- $64,096
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $220,543 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $33,957 related
- Nontaxable benefits
- $0 + $30,139 related
- Filer's total
- $0 + $284,639 related
-
Richard ScottRICHARD SCOTT
TREASURER
- Total calculated
- $190,197
- From this org
- $0
- From related orgs
- $160,546
- Other
- $29,651
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $160,546 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $29,651 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $190,197 related
-
Steven ClaywellSTEVEN CLAYWELL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
Chad SmithCHAD SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Dr John SchwarzDR JOHN SCHWARZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Eric GreeneERIC GREENE
DIRECTOR
- Total calculated
- $182,384
- From this org
- $0
- From related orgs
- $128,256
- Other
- $54,128
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $128,256 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $24,102 related
- Nontaxable benefits
- $0 + $30,026 related
- Filer's total
- $0 + $182,384 related
-
Erick StewartERICK STEWART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
John DilworthJOHN DILWORTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 4 related
-
Lisa MuellerLISA MUELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Matthew DavisMATTHEW DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
Vivian DavisVIVIAN DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 3 related
-
Michelle WilliamsonMICHELLE WILLIAMSON
EXECUTIVE DIRECTOR
- Total calculated
- $69,529
- From this org
- $0
- From related orgs
- $36,961
- Other
- $32,568
- Hours/week
- 40
-
Teresa DurhamTERESA DURHAM
EXECUTIVE DIRECTOR - PART YEAR
- Total calculated
- $85,130
- From this org
- $0
- From related orgs
- $59,290
- Other
- $25,840
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 3
- THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED ONE OR MORE METHODS DESCRIBED TO ESTABLISH COMPENSATION.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
KELLOGG COMMUNITY COLLEGE
$45,936
PROGRAM SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
KELLOGG COMMUNITY COLLEGE
115 · EDUCATION · MI
Directly controlled by NONE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 April 2026
- IRS schema version
- 2024v5.1
- Source object
- 202641039349301904
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