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Nonprofiteer
← KISHWAUKEE COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by KISHWAUKEE COLLEGE FOUNDATION.

Totals

Total revenue
$1,316,768
Total expenses
$1,147,617
Contributions and grants received
$566,992
Grants paid
$745,826
Program service revenue
$0
Investment income
$684,258
Other revenue
$65,518
Total assets, end of year
$9,929,936
Total liabilities, end of year
$181,061
Net assets or fund balances, end of year
$9,748,875
Program services expenses (Part IX)
$884,193
Management and general expenses
$241,229
Fundraising expenses
$22,195
Program service expenses (Part III)
$884,193

Program services were 77.0% 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

    $51,377

  • 1f · All other contributions, gifts and grants

    $515,615

  • 1g · Noncash contributions included above

    $35,193

  • 3 · Investment income

    total $179,350 · excluded $179,350

  • 7a · Gross sales of assets other than inventory

    securities $7,405,779

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

    securities $6,900,871

  • 7c · Gain or loss

    securities $504,908

  • 7d · Net gain or loss

    total $504,908 · excluded $504,908

  • 8a · Fundraising events: gross income

    $97,485

  • 8a · Fundraising events: contributions included on line 1c

    $51,377

  • 8b · Fundraising events: direct expenses

    $31,967

  • 8c · Net income from fundraising events

    total $65,518 · excluded $65,518

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $375,762 · program services $375,762

  • 2 · Grants to domestic individuals

    total $370,064 · program services $370,064

  • 7 · Other salaries and wages

    total $137,061 · program services $87,410 · management and general $33,239 · fundraising $16,412

  • 11g · Fees: other

    total $197,376 · management and general $197,376

  • 13 · Office expenses

    total $3,667 · management and general $2,607 · fundraising $1,060

  • 17 · Travel

    total $284 · management and general $284

  • 19 · Conferences, conventions and meetings

    total $2,973 · management and general $1,521 · fundraising $1,452

  • 24a · Other expenses: RETURN OF DONOR REQUEST

    total $50,957 · program services $50,957

  • 24b · Other expenses: MISCELLANEOUS

    total $6,318 · management and general $6,017 · fundraising $301

  • 24c · Other expenses: SUPPLIES

    total $2,970 · fundraising $2,970

  • 24d · Other expenses: MEMBERSHIP DUES

    total $185 · management and general $185

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $80,381 · end of year $46,889

  • 3 · Pledges and grants receivable

    beginning of year $10,887 · end of year $479

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,562 · end of year $16,614

  • 11 · Investments: publicly traded securities

    beginning of year $8,825,661 · end of year $9,865,954

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,779 · end of year $179,580

  • 19 · Deferred revenue

    beginning of year $0 · end of year $1,481

  • 27 · Net assets without donor restrictions

    beginning of year $1,225,814 · end of year $1,245,259

  • 28 · Net assets with donor restrictions

    beginning of year $7,688,898 · end of year $8,503,616

Mission and programs · 2023

Mission

TO HELP SHAPE THE FUTURE AND ENHANCE THE CONTINUOUS DEVELOPMENT OF KISHWAUKEE COLLEGE BY PROVIDING STUDENT SCHOLARSHIPS, INSTRUCTIONAL ENHANCEMENTS, AND FACILITY IMPROVEMENTS.

Activities or mission (Part I)

TO HELP SHAPE THE FUTURE AND ENHANCE THE CONTINUOUS DEVELOPMENT OF KISHWAUKEE COLLEGE.

  • SCHOLARSHIPS: THE KISHWAUKEE COLLEGE FOUNDATION HELPS MAKE A QUALITY EDUCATION AVAILABLE TO ALL STUDENTS THROUGH THE ANNUAL SCHOLARSHIP PROGRAM. THIS YEAR $370,064 WAS AWARDED THROUGH 82 DIFFERENT SCHOLARSHIPS. THE FOUNDATION AWARDED THESE DOLLARS TO 340 STUDENTS WHO CONTINUE TO EXCEL AND BECOME VITAL PARTNERS WITHIN OUR COMMUNITY.

    Expenses $370,064 · Grants $370,064

  • PROGRAM ENHANCEMENTS:THE KISHWAUKEE COLLEGE FOUNDATION BOLSTERS A QUALITY EDUCATION BY PROVIDING PROGRAM ENHANCEMENTS TO SEVERAL PROGRAMS EACH YEAR. BY MAKING $353,415 AVAILABLE, THE FOUNDATION WAS ABLE TO HELP PROVIDE EQUIPMENT AND MATERIALS TO PROGRAMS SUCH AS GED, MATH, SCIENCE, LIBRARY OPERATIONS, ATHLETICS AND MANY OTHERS, AS WELL AS CLASSES TO NON-PROFIT ORGANIZATIONS. THE FOUNDATION ALSO USED THESE DOLLARS TO ESTABLISH NEW OPPORTUNITIES FOR SEVERAL COLLEGE PROGRAMS BY AWARDING INNOVATION AWARDS TO MANY DIFFERENT AREAS WITHIN THE COLLEGE. STUDENT SERVICES, INSTRUCTIONAL DESIGN, ART, LEARNING SKILLS, AND INSTRUCTION PROGRAMS WERE ALL ABLE TO ENHANCE THEIR SERVICES. THESE FUNDS HELP OUR STAFF AND OUR FACULTY PROVIDE REAL OPPORTUNITY TO THE STUDENTS WE SERVE.

    Expenses $514,129 · Grants $375,762

As filed on the 2023 return.

Listed in Part VII

  • Dr Laurie Borowicz

    DIRECTOR/COLLEGE PRESIDENT

    Total calculated
    $320,613
    From this org
    $0
    From related orgs
    $247,668
    Other
    $72,945
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,160 related
    Bonus
    $0
    Other
    $0 + $30,508 related
    Deferred
    $0 + $43,500 related
    Nontaxable benefits
    $0 + $29,445 related
    Filer's total
    $0 + $320,613 related

  • Ms Rose Treml

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • Mr Cole Johnson

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Ms Amy Oster

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • Mr Ted Rosenow

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Dr Jason Harper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Ms Geri-Dee Hayden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Ms Laurie Hoecherl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Mr Jose Hinojosa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Mr Manny Pena

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Mr Bernie Pupino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Mr Bruce Seldal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Ms Kate Shaw Dickey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Ms Kathy Spears

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Mr Dave Vanburen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Mr Ryan Butzman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Dr Kayte Hamel

    EXECUTIVE DIRECTOR

    Total calculated
    $144,624
    From this org
    $0
    From related orgs
    $122,740
    Other
    $21,884
    Hours/week
    28 + 12 related

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

  • KISHWAUKEE COLLEGE

    $353,415

    PROGRAM ENHANCEMENT

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.

  • KISHWAUKEE COLLEGE

    501(C)(1) · EDUCATION · IL

Provenance

Return type
form_990
Tax year
2023
Filed
5 December 2024
IRS schema version
2023v5.1
Source object
202403449349301550

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