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Nonprofiteer
← NORTHWEST IOWA COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by NORTHWEST IOWA COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$1,331,549
Total expenses
$755,831
Contributions and grants received
$987,637
Grants paid
$529,875
Program service revenue
$0
Investment income
$289,486
Other revenue
$54,426
Total assets, end of year
$8,996,612
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,996,612
Program services expenses (Part IX)
$699,181
Management and general expenses
$56,650
Fundraising expenses
$0
Program service expenses (Part III)
$699,181

Program services were 92.5% 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.

  • 1f · All other contributions, gifts and grants

    $987,637

  • 1g · Noncash contributions included above

    $169,307

  • 3 · Investment income

    total $210,550 · excluded $210,550

  • 7a · Gross sales of assets other than inventory

    securities $78,936

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $78,936

  • 7d · Net gain or loss

    total $78,936 · excluded $78,936

  • 8a · Fundraising events: gross income

    $81,329

  • 8b · Fundraising events: direct expenses

    $26,903

  • 8c · Net income from fundraising events

    total $54,426 · excluded $54,426

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $529,875 · program services $529,875

  • 11f · Fees: investment management

    total $37,161 · management and general $37,161

  • 24a · Other expenses: CAREER AND TECHNICAL

    total $169,306 · program services $169,306

  • 24b · Other expenses: ADMINISTRATION

    total $19,489 · management and general $19,489

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $720,134 · end of year $942,529

  • 3 · Pledges and grants receivable

    beginning of year $502,159 · end of year $373,533

  • 11 · Investments: publicly traded securities

    beginning of year $6,843,580 · end of year $7,680,550

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,468

  • 27 · Net assets without donor restrictions

    beginning of year $3,201,036 · end of year $3,396,140

  • 28 · Net assets with donor restrictions

    beginning of year $4,858,369 · end of year $5,600,472

Mission and programs · 2022

Mission

PROVIDING SCHOLARSHIPS AND EQUIPMENT TO THE STUDENTS OF NORTHWEST IOWA COMMUNITY COLLEGE.

  • NORTHWEST IOWA COMMUNITY COLLEGE FOUNDATION RECEIVES DONATIONS FROM OUTSIDE SOURCES AND DISTRIBUTES THESE DONATIONS TO THE STUDENTS AT NORTHWEST IOWA COMMUNITY COLLEGE IN SHELDON, IOWA IN THE FORM OF SCHOLARSHIPS.

    Expenses $699,181 · Grants $529,875

As filed on the 2022 return.

Listed in Part VII

  • JOHN HARTOG

    DIRECTOR

    Total calculated
    $197,348
    From this org
    $0
    From related orgs
    $197,348
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,348 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $197,348 related

  • BRIAN NASH

    TREASURER

    Total calculated
    $85,990
    From this org
    $0
    From related orgs
    $85,990
    Other
    $0
    Hours/week
    1 + 39 related

  • LYLE KORVER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • BRIAN RICHTER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • KRISTI LANDIS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CARL ROLF

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM GIDDINGS

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • RICH HAACK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOEL LEUSINK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EMILY VAN KEKERIX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LOWELL APPLETON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRAD LUPKES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDY JACOBS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD HEIDLOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RON HEEMSTRA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIM HICKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN EMERICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CYNTHIA PORTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ADAM BESAW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MORGAN GRANSTRA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHEILA VAN ENGEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349313514

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