Form 990 for tax year 2022
Filed by SOUTHWESTERN ILLINOIS COLLEGE FOUNDATION.
Totals
- Total revenue
- $479,891
- Total expenses
- $486,221
- Contributions and grants received
- $446,238
- Grants paid
- $442,203
- Program service revenue
- $0
- Investment income
- $58,957
- Other revenue
- -$25,304
- Total assets, end of year
- $10,539,724
- Total liabilities, end of year
- $143,281
- Net assets or fund balances, end of year
- $10,396,443
- Program services expenses (Part IX)
- $442,457
- Management and general expenses
- $42,030
- Fundraising expenses
- $1,734
- Program service expenses (Part III)
- $442,457
Program services were 91.0% 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
$42,700
-
1f · All other contributions, gifts and grants
$403,538
-
3 · Investment income
total $237,128 · excluded $237,128
-
7a · Gross sales of assets other than inventory
securities $1,966,588
-
7b · Less cost or other basis and sales expenses
securities $2,144,759
-
7c · Gain or loss
securities -$178,171
-
7d · Net gain or loss
total -$178,171 · excluded -$178,171
-
8a · Fundraising events: gross income
$9,817
-
8a · Fundraising events: contributions included on line 1c
$42,700
-
8b · Fundraising events: direct expenses
$35,121
-
8c · Net income from fundraising events
total -$25,304 · excluded -$25,304
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $149,909 · program services $149,909
-
2 · Grants to domestic individuals
total $292,294 · program services $292,294
-
11f · Fees: investment management
total $40,852 · management and general $40,852
-
11g · Fees: other
total $1,677 · fundraising $1,677
-
13 · Office expenses
total $57 · fundraising $57
-
20 · Interest
total $254 · program services $254
-
22 · Depreciation, depletion and amortization
total $1,178 · management and general $1,178
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $139,613 · end of year $251,325
-
2 · Savings and temporary cash investments
beginning of year $426,834 · end of year $483,674
-
3 · Pledges and grants receivable
end of year $200
-
4 · Accounts receivable
end of year $1,500
-
10a · Land, buildings and equipment: cost or other basis
$28,528
-
10b · Land, buildings and equipment: accumulated depreciation
$25,731
-
10c · Land, buildings and equipment, net
beginning of year $3,975 · end of year $2,797
-
11 · Investments: publicly traded securities
beginning of year $11,354,144 · end of year $9,285,539
-
13 · Investments: program-related
beginning of year $77,144 · end of year $65,841
-
15 · Other assets
beginning of year $448,848 · end of year $448,848
-
17 · Accounts payable and accrued expenses
beginning of year $1,361 · end of year $143,281
-
27 · Net assets without donor restrictions
beginning of year $1,488,042 · end of year $1,376,953
-
28 · Net assets with donor restrictions
beginning of year $10,961,155 · end of year $9,019,490
Mission and programs · 2022
Mission
TO MAINTAIN AND ENHANCE THE QUALITY OF LIFE BY DEVELOPING FRIENDS AND FUNDS FOR SUPPORT OF THE EDUCATIONAL, CULTURAL, AND SERVICE GOALS OF SOUTHWESTERN ILLINOIS COLLEGE. THE FOUNDATION PROMOTES EXCELLENCE BY SECURING GIFTS FOR SPECIAL EDUCATIONAL AND CULTURAL ACTIVITIES THAT ARE NOT PART OF THE COLLEGE BUDGET.
Activities or mission (Part I)
TO RAISE AND HOLD ECONOMIC RESOURCES FOR THE DIRECT BENEFIT OF SOUTHWESTERN ILLINOIS COLLEGE.
-
SCHOLARSHIPS AND SUPPORT FOR OTHER COLLEGE PROGRAMS.
Expenses $442,457 · Grants $442,203
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Stan HatfieldSTAN HATFIELD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Chris SchroederCHRIS SCHROEDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Bob NovackBOB NOVACK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sam HangerSAM HANGER
FINANCE COMMITTEE VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Sue HoffmanSUE HOFFMAN
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Matthew GomricMATTHEW GOMRIC
FINANCE COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Barbara CempuraBARBARA CEMPURA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mary BuettnerMARY BUETTNER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jeanne DalmanJEANNE DALMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rena ThoeleRENA THOELE
EXECUTIVE DIRECTOR
- Total calculated
- $87,971
- From this org
- $0
- From related orgs
- $87,971
- Other
- $0
- Hours/week
- 40
-
Margaret Middleton-HoltMARGARET MIDDLETON-HOLT
TREASURER
- Total calculated
- $0
- Hours/week
- 2
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.
Grants on this return
-
SOUTHWESTERN ILLINOIS COLLEGE
$149,909
MONIES USED TO PURCHASE CAPITAL ASSETS AND SUPPORT PROGRAMS TO ASSIST THE COLLEGE WITH ITS MISSION
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.
-
SOUTHWESTERN ILLINOIS COLLEGE
GOVERNMENTAL · EDUCATION · IL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323219349300347
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