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Nonprofiteer
← KANSAS INDEPENDENT COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by KANSAS INDEPENDENT COLLEGE FOUNDATION.

Totals

Total revenue
$1,132,362
Total expenses
$1,134,213
Contributions and grants received
$100,695
Grants paid
$25,865
Program service revenue
$943,525
Investment income
$83,759
Other revenue
$4,383
Total assets, end of year
$1,397,038
Total liabilities, end of year
$21,355
Net assets or fund balances, end of year
$1,375,683
Program services expenses (Part IX)
$1,050,209
Management and general expenses
$76,633
Fundraising expenses
$7,371
Program service expenses (Part III)
$1,050,209

Program services were 92.6% 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.

  • 1b · Membership dues

    $90,395

  • 1f · All other contributions, gifts and grants

    $10,300

  • 2a · Program service revenue: Computer center usage

    total $943,525 · related or exempt $943,525

  • 3 · Investment income

    total $28,416 · excluded $28,416

  • 7a · Gross sales of assets other than inventory

    securities $55,343

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

    securities $0

  • 7c · Gain or loss

    securities $55,343

  • 7d · Net gain or loss

    total $55,343 · excluded $55,343

  • 11a · Other revenue: Other income

    total $4,383 · related or exempt $4,383

  • 11e · Other revenue, total

    $4,383

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,865 · program services $25,865

  • 7 · Other salaries and wages

    total $51,815 · program services $41,451 · management and general $5,182 · fundraising $5,182

  • 8 · Pension plan contributions

    total $4,207 · program services $3,365 · management and general $421 · fundraising $421

  • 9 · Other employee benefits

    total $1,853 · program services $1,483 · management and general $185 · fundraising $185

  • 10 · Payroll taxes

    total $3,921 · program services $3,137 · management and general $392 · fundraising $392

  • 11b · Fees: legal

    total $5,346 · program services $4,009 · management and general $802 · fundraising $535

  • 11c · Fees: accounting

    total $46,706 · management and general $46,706

  • 13 · Office expenses

    total $13,244 · program services $9,932 · management and general $2,656 · fundraising $656

  • 14 · Information technology

    total $7,453 · management and general $7,453

  • 16 · Occupancy

    total $6,392 · program services $3,196 · management and general $3,196

  • 17 · Travel

    total $6,758 · program services $5,207 · management and general $1,551

  • 19 · Conferences, conventions and meetings

    total $705 · program services $529 · management and general $176

  • 22 · Depreciation, depletion and amortization

    total $69 · management and general $69

  • 23 · Insurance

    total $7,277 · management and general $7,277

  • 24a · Other expenses: Computer center usage f

    total $943,526 · program services $943,526

  • 24b · Other expenses: KESF program

    total $5,000 · program services $5,000

  • 24c · Other expenses: Employee training and e

    total $1,500 · program services $1,500

  • 24d · Other expenses: Miscellaneous

    total $1,116 · program services $564 · management and general $552

  • 24e · All other expenses

    total $1,460 · program services $1,445 · management and general $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $136,325

  • 2 · Savings and temporary cash investments

    beginning of year $262,671

  • 4 · Accounts receivable

    beginning of year $7,184 · end of year $20,868

  • 9 · Prepaid expenses and deferred charges

    end of year $13,369

  • 10a · Land, buildings and equipment: cost or other basis

    $2,480

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,480

  • 10c · Land, buildings and equipment, net

    beginning of year $69 · end of year $0

  • 12 · Investments: other securities

    beginning of year $519,483 · end of year $574,826

  • 15 · Other assets

    beginning of year $626,197 · end of year $651,650

  • 17 · Accounts payable and accrued expenses

    end of year $9,136

  • 25 · Other liabilities

    beginning of year $63,523 · end of year $12,219

  • 27 · Net assets without donor restrictions

    beginning of year $710,487 · end of year $708,636

  • 28 · Net assets with donor restrictions

    beginning of year $641,594 · end of year $667,047

Mission and programs · 2022

Mission

KICF develops, promotes, and directs unified approaches to selected corporations, foundations, and individuals for financial support of our member institutions.

Activities or mission (Part I)

To support the educational programs of its member colleges by receiving and accepting property to be administered exclusively for charitable purposes, primarily in connection with the promotion and support of education and encouragement of undergraduate and advanced education programs in Kansas, and to assist such programs in undergraduate and advanced education programs in Kansas, and to assist such programs in performing the educational needs of Kansas and to promote their general welfare and funding for such programs.

  • A range of activities to strengthen 20 member colleges, including financial support, student aid, improved administrative services, professional development for faculty/staff.

    Expenses $106,683 · Grants $25,865 · Revenue $4,383

  • KICF offers a consortium-based vendor contract for Enterprise Resource Planning software for participating member campuses, coordinates training and support activities for that software system across multiple campuses, and serves as a lead point of contact for troubleshooting and system updates.

    Expenses $943,526 · Revenue $943,525

As filed on the 2022 return.

Listed in Part VII

  • Dr Michael P Schneider

    Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Kevin Ingram

    Vice Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Msgr Stuart Swetland

    Secretary-Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Dr Lynne Murray

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr David Spittal

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Royce Frazier

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Leonard Favara

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Amy Bragg Carey

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stephen Minnis

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Jospeh Manickam

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Matthew Thompson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Reggies Wenyika

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Elizabeth Frombgen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Scott Rich

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr David Janzen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Diane Steele

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Carl Cleveland III

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Jon Gering

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Elizabeth Mauch

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dr Kathleen Jagger

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Matthew E Lindsey

    Executive Director

    Total calculated
    $174,778
    From this org
    $0
    From related orgs
    $161,831
    Other
    $12,947
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $155,831 related
    Bonus
    $0
    Other
    $0 + $6,000 related
    Deferred
    $0 + $12,947 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $174,778 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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

No itemized grants to organizations 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
22 September 2023
IRS schema version
2022v5.0
Source object
202342849349301029

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