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← INDEPENDENCE COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by INDEPENDENCE COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$510,160
Total expenses
$1,081,219
Contributions and grants received
$363,479
Grants paid
$135,514
Program service revenue
$0
Investment income
$140,596
Other revenue
$6,085
Total assets, end of year
$5,093,378
Total liabilities, end of year
$708,637
Net assets or fund balances, end of year
$4,384,741
Program services expenses (Part IX)
$911,800
Management and general expenses
$125,815
Fundraising expenses
$43,604
Program service expenses (Part III)
$911,800

Program services were 84.3% 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.

  • 1f · All other contributions, gifts and grants

    $363,479

  • 3 · Investment income

    total $131,880 · excluded $131,880

  • 7a · Gross sales of assets other than inventory

    securities $96,187

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

    securities $87,471

  • 7c · Gain or loss

    securities $8,716

  • 7d · Net gain or loss

    total $8,716 · related or exempt $8,716

  • 11a · Other revenue: MISC REVENUE

    total $6,085 · related or exempt $6,085

  • 11e · Other revenue, total

    $6,085

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $135,514 · program services $135,514

  • 7 · Other salaries and wages

    total $19,560 · management and general $19,560

  • 11c · Fees: accounting

    total $46,269 · management and general $10,700 · fundraising $35,569

  • 11f · Fees: investment management

    total $13,906 · management and general $13,906

  • 12 · Advertising and promotion

    total $8,424 · management and general $8,424

  • 16 · Occupancy

    total $420 · management and general $420

  • 17 · Travel

    total $4,701 · management and general $4,701

  • 20 · Interest

    total $38,811 · management and general $38,811

  • 23 · Insurance

    total $940 · management and general $940

  • 24a · Other expenses: UNIVERSITY SUPPORT

    total $776,286 · program services $776,286

  • 24b · Other expenses: SUPPLIES

    total $12,361 · management and general $12,361

  • 24c · Other expenses: FOOD AND ENTERTAINMENT

    total $8,035 · fundraising $8,035

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,596 · management and general $5,596

  • 24e · All other expenses

    total $10,396 · management and general $10,396

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $589,632 · end of year $604,844

  • 3 · Pledges and grants receivable

    beginning of year $548,550 · end of year $516,977

  • 11 · Investments: publicly traded securities

    beginning of year $3,634,623 · end of year $3,971,557

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,909 · end of year $708,637

  • 27 · Net assets without donor restrictions

    beginning of year $2,133,472 · end of year $1,928,432

  • 28 · Net assets with donor restrictions

    beginning of year $2,634,424 · end of year $2,456,309

Mission and programs · 2023

Mission

INDEPENDENCE COMMUNITY COLLEGE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE SUPPORT TO THE INDEPENDENCE COMMUNITY COLLEGE AND ITS STUDENTS, WITH GRANTS AND SCHOLARSHIPS.

  • THE FUNDS OF THE FOUDNATION ARE USED TO BENEFIT INDPENDENCE COMMUNITY COLLEGE AND ITS STUDENTS. THE STUDENTS IN NEED OF FINANCIAL ASSSISTANCE, WHILE ATTENDING ICC, RECEIVE GRANTS. SCHOLARSHIP AWARDS ARE BASED ON ACADEMIC ACHIEVEMENTS AND FINANCIAL NEED. AWARDS RANGE FROM 100.00 TO 600.00 PER SEMESTER.

    Expenses $911,800 · Grants $135,514

As filed on the 2023 return.

Listed in Part VII

  • Steve Chapman

    DIRECTOR

    Total calculated
    $0

  • Omar Elshabassy

    DIRECTOR

    Total calculated
    $0

  • Rod Froebe

    EXECUTIVE BO

    Total calculated
    $0

  • Jeffrey Gettler

    DIRECTOR

    Total calculated
    $0

  • Amber Gregory

    PRESIDENT

    Total calculated
    $0

  • Judi Harris

    DIRECTOR

    Total calculated
    $0

  • Corey Hugo

    EX OFFICIO

    Total calculated
    $0

  • Mark Julian

    DIRECTOR

    Total calculated
    $0

  • Nick McCollam

    SECRETARY

    Total calculated
    $0

  • Tyson Oakes

    EXEC BOARD M

    Total calculated
    $0

  • Cody Oates

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40

  • Johnathan Rodriquez

    VICE PRESIDE

    Total calculated
    $0

  • Jason Rutledge

    DIRECTOR

    Total calculated
    $0

  • Jana Shaver

    DIRECTOR

    Total calculated
    $0

  • Barry Wesselowski

    DIRECTOR

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
24 August 2026
IRS schema version
2023v6.0
Source object
202642379349300814

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