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Nonprofiteer
← LINCOLN LAND COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by LINCOLN LAND COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$2,777,150
Total expenses
$3,608,113
Contributions and grants received
$2,669,316
Grants paid
$3,218,065
Program service revenue
$0
Investment income
$70,634
Other revenue
$37,200
Total assets, end of year
$25,675,909
Total liabilities, end of year
$673,345
Net assets or fund balances, end of year
$25,002,564
Program services expenses (Part IX)
$3,257,204
Management and general expenses
$158,456
Fundraising expenses
$192,453
Program service expenses (Part III)
$3,257,204

Program services were 90.3% 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

    $115,985

  • 1f · All other contributions, gifts and grants

    $2,553,331

  • 1g · Noncash contributions included above

    $524,605

  • 3 · Investment income

    total $272,995 · excluded $272,995

  • 6a · Gross rents

    real property $37,200

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $37,200

  • 6d · Net rental income or loss

    total $37,200 · excluded $37,200

  • 7a · Gross sales of assets other than inventory

    securities $7,450,621

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

    securities $7,652,982

  • 7c · Gain or loss

    securities -$202,361

  • 7d · Net gain or loss

    total -$202,361 · excluded -$202,361

  • 8a · Fundraising events: gross income

    $53,241

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

    $115,985

  • 8b · Fundraising events: direct expenses

    $53,241

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,753,859 · program services $2,753,859

  • 2 · Grants to domestic individuals

    total $464,206 · program services $464,206

  • 17 · Travel

    total $3,627 · management and general $44 · fundraising $3,583

  • 19 · Conferences, conventions and meetings

    total $3,682 · fundraising $3,682

  • 22 · Depreciation, depletion and amortization

    total $381 · program services $381

  • 24a · Other expenses: ASSISTANT DIR. AND COOR

    total $207,583 · program services $33,541 · management and general $54,575 · fundraising $119,467

  • 24b · Other expenses: PURCHASED SERVICES

    total $77,838 · management and general $40,618 · fundraising $37,220

  • 24c · Other expenses: INVESTMENT EXPENSE

    total $45,383 · management and general $45,383

  • 24d · Other expenses: SUPPLIES

    total $18,790 · program services $5,217 · management and general $3,373 · fundraising $10,200

  • 24e · All other expenses

    total $32,764 · management and general $14,463 · fundraising $18,301

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,141,427 · end of year $1,278,312

  • 3 · Pledges and grants receivable

    beginning of year $11,145,217 · end of year $10,224,526

  • 4 · Accounts receivable

    beginning of year $30 · end of year $2,018

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,500 · end of year $9,167

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

    $3,582,090

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

    $34,617

  • 10c · Land, buildings and equipment, net

    beginning of year $3,347,054 · end of year $3,547,473

  • 11 · Investments: publicly traded securities

    beginning of year $9,791,223 · end of year $10,614,413

  • 17 · Accounts payable and accrued expenses

    beginning of year $679,277 · end of year $667,186

  • 18 · Grants payable

    beginning of year $11,230 · end of year $6,159

  • 27 · Net assets without donor restrictions

    beginning of year $3,023,249 · end of year $3,297,278

  • 28 · Net assets with donor restrictions

    beginning of year $21,718,695 · end of year $21,705,286

Mission and programs · 2022

Mission

CULTIVATING AND STEWARDING CHARITABLE GIFTS TO SUPPORT LINCOLN LAND COMMUNITY COLLEGE STUDENTS, PROGRAMS AND SERVICES.

Activities or mission (Part I)

CULTIVATE AND STEWARD CHARITABLE GIFTS TO ENRICH AND SUPPORT LLCC STUDENTS, PROGRAMS AND SERVICES.

  • THE LINCOLN LAND COMMUNITY COLLEGE FOUNDATION WAS ORGANIZED AND OPERATES TO EXCLUSIVELY RAISE AND RECEIVE CHARITABLE GIFTS AND PROVIDE FINANCIAL SUPPORT TO THE EDUCATIONAL PROGRAMS AND SERVICES AT LINCOLN LAND COMMUNITY COLLEGE; TO ASSIST IN INCREASING AND ENHANCING THE PHYSICAL AND CULTURAL ENVIRONMENT OF THE COLLEGE; TO BROADEN THE EDUCATIONAL OPPORTUNITIES AND SERVICES FOR ITS STUDENTS, ALUMNI, AND CITIZENS OF THE DISTRICT; AND TO PROVIDE FUNDS TO IMPLEMENT SCHOLARSHIPS AND VARIOUS AWARDS.

    Expenses $3,257,204 · Grants $3,218,065

As filed on the 2022 return.

Listed in Part VII

  • Bill Fleming

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Neil Jordan

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joe Kulek

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Zerkle

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karl Barnhart

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Margaret Teague

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dan Wilcoxen

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Phil Beeler

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jerry Wesley

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brett Jackson

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Brad Wike

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keith Bradbury

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniel Hamilton

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Justin Knoedler

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Mendenhall

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Call

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tom Fitch

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lou Johnson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bobby Kulavic

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Adam Pallai

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Sanders

    EXECUTIVE DIRECTOR

    Total calculated
    $174,991
    From this org
    $0
    From related orgs
    $151,374
    Other
    $23,617
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $151,374 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,617 related
    Filer's total
    $0 + $174,991 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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 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

  • LINCOLN LAND COMMUNITY COLLEGE (LLCC)

    $2,229,254

    GENERAL 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.

  • LINCOLN LAND COMMUNITY COLLEGE

    PUBLIC COMMUNITY COLLEGE · IL

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313189349310086

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