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← DES MOINES AREA COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by DES MOINES AREA COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$4,758,849
Total expenses
$4,155,776
Contributions and grants received
$3,745,055
Grants paid
$3,995,208
Program service revenue
$0
Investment income
$1,013,794
Other revenue
$0
Total assets, end of year
$23,985,027
Total liabilities, end of year
$1,133,938
Net assets or fund balances, end of year
$22,851,089
Program services expenses (Part IX)
$3,995,208
Management and general expenses
$160,568
Fundraising expenses
$0
Program service expenses (Part III)
$3,995,208

Program services were 96.1% 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

    $3,745,055

  • 1g · Noncash contributions included above

    $136,135

  • 3 · Investment income

    total $1,003,710 · excluded $1,003,710

  • 7a · Gross sales of assets other than inventory

    securities $469,967

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

    securities $459,883

  • 7c · Gain or loss

    securities $10,084

  • 7d · Net gain or loss

    total $10,084 · excluded $10,084

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,995,208 · program services $3,995,208

  • 11c · Fees: accounting

    total $4,000 · management and general $4,000

  • 13 · Office expenses

    total $6,626 · management and general $6,626

  • 19 · Conferences, conventions and meetings

    total $149,942 · management and general $149,942

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,103,187 · end of year $2,624,158

  • 3 · Pledges and grants receivable

    beginning of year $477,453 · end of year $990,145

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,364 · end of year $250

  • 11 · Investments: publicly traded securities

    beginning of year $17,295,801 · end of year $19,052,508

  • 12 · Investments: other securities

    beginning of year $631,076 · end of year $1,259,865

  • 15 · Other assets

    beginning of year $12,653 · end of year $58,101

  • 25 · Other liabilities

    beginning of year $436,360 · end of year $1,133,938

  • 27 · Net assets without donor restrictions

    beginning of year $1,398,347 · end of year $1,622,889

  • 28 · Net assets with donor restrictions

    beginning of year $19,742,827 · end of year $21,228,200

Mission and programs · 2022

Mission

RECEIVE DONATIONS FOR DMACC.

  • PROVIDE GRANTS, SCHOLARSHIPS AND OTHER ASSISTANCE TO STUDENTS OF DES MOINES AREA COMMUNITY COLLEGE.

    Expenses $1,814,485 · Grants $1,814,485

  • PROVIDE GRANTS AND OTHER ASSISTANCE TO DES MOINES AREA COMMUNITY COLLEGE.

    Expenses $2,180,723 · Grants $2,180,723

As filed on the 2022 return.

Listed in Part VII

  • Scott Bennett

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jeff Lamberti

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Natalie Bachman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kim Butler Hegedus

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rita Perea

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kristi Christensen

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Grandgeorge

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Becky Banzhaf

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Becky Gibson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carlos Arguello

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Costa

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Curtis Van Veldhuizen

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doug Burns

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jessica Cole

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jim Spooner

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Irving

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keith Krell

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Menadue

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Rasmussen

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Martha Lebron-Dykeman

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kashaan Merchant

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patty Scallon

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rob Taylor

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Roger Hargens

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tanner Kinzler

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Taufeek Shah

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Abby Howie

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Van Oort

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tara Connolly

    EXECUTIVE DIRECTOR

    Total calculated
    $151,783
    From this org
    $0
    From related orgs
    $121,554
    Other
    $30,229
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $121,554 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,584 related
    Nontaxable benefits
    $0 + $9,645 related
    Filer's total
    $0 + $151,783 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

  • DMACC

    $3,995,208

    TO PROVIDE GRANTS, SCHOLARSHIPS, AND OTHER ASSISTANCE TO DES MOINES AREA COMMUNITY COLLEGE

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.

  • DES MOINES AREA COMMUNITY COLLEGE

    501(C)(3) · COLLEGE · IA

Provenance

Return type
form_990
Tax year
2022
Filed
26 January 2024
IRS schema version
2022v5.0
Source object
202410399349301431

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