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Nonprofiteer
← NORTHEAST IOWA COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by NORTHEAST IOWA COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$1,963,532
Total expenses
$1,435,333
Contributions and grants received
$1,239,168
Grants paid
$1,257,805
Program service revenue
$0
Investment income
$736,787
Other revenue
-$12,423
Total assets, end of year
$6,698,235
Total liabilities, end of year
$14,636
Net assets or fund balances, end of year
$6,683,599
Program services expenses (Part IX)
$1,335,013
Management and general expenses
$95,682
Fundraising expenses
$4,638
Program service expenses (Part III)
$1,335,013

Program services were 93.0% 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

    $25,013

  • 1f · All other contributions, gifts and grants

    $1,214,155

  • 1g · Noncash contributions included above

    $81,846

  • 3 · Investment income

    total $736,787 · excluded $736,787

  • 8a · Fundraising events: gross income

    $8,649

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

    $25,013

  • 8b · Fundraising events: direct expenses

    $22,506

  • 8c · Net income from fundraising events

    total -$13,857 · excluded -$13,857

  • 9a · Gaming: gross income

    $1,434

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $1,434 · excluded $1,434

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $892,722 · program services $892,722

  • 2 · Grants to domestic individuals

    total $365,083 · program services $365,083

  • 11a · Fees: management

    total $52,982 · management and general $52,982

  • 11f · Fees: investment management

    total $31,538 · management and general $31,538

  • 13 · Office expenses

    total $1,089 · fundraising $1,089

  • 19 · Conferences, conventions and meetings

    total $6,542 · management and general $6,182 · fundraising $360

  • 24a · Other expenses: Support funds

    total $77,208 · program services $77,208

  • 24e · All other expenses

    total $8,169 · management and general $4,980 · fundraising $3,189

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $501,681 · end of year $498,164

  • 3 · Pledges and grants receivable

    beginning of year $764,554 · end of year $609,370

  • 11 · Investments: publicly traded securities

    beginning of year $4,893,310 · end of year $5,590,701

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,145 · end of year $14,636

  • 27 · Net assets without donor restrictions

    beginning of year $1,332,965 · end of year $1,120,109

  • 28 · Net assets with donor restrictions

    beginning of year $4,822,435 · end of year $5,563,490

Mission and programs · 2023

Mission

The Northeast Iowa Community College Foundation is a trusted philanthropic partner creating opportunities for donors and communities to impact learner success.

Activities or mission (Part I)

Support Northeast Iowa Community College through scholarships, services, and enhanced programming.

  • The Northeast Iowa Community College Foundation matches donors' passion and investment with student needs through scholarships, services, and enhanced programming. All gifts make profound impacts on student's lives.Fund for Excellence: Unrestricted contributions directed to the area(s) in greatest need for student support.Student Scholarships: The College believes the cost of an education should not be a barrier in the student's pursuit of a brighter future for themselves and their families. Scholarship funds may be used to create an annual or endowed scholarship. Continued on Schedule O.Kathryn J. Davis Student Crisis Fund: Kathy Davis had a passion for helping students succeed. This fund was created in her honor to assist current students who are experiencing a financial emergency to continue their education and assisting them through their personal crisis.Student Support Fund: Assists students by providing financial support for textbooks, supplies, tuition/fees, laptops, internet access/hotspots, food, interview clothing, professional development courses, medical expenses, rent, utilities and other needs.

    Expenses $1,335,013 · Grants $1,257,805

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kaitlyn White

    President

    Total calculated
    $0
    Hours/week
    0.25

  • Alex Fernandez

    Vice President

    Total calculated
    $0
    Hours/week
    0.25

  • Sarah Hasken

    2nd Vice President

    Total calculated
    $0
    Hours/week
    0.25

  • Adam Reisch

    Treasurer

    Total calculated
    $0
    Hours/week
    0.25

  • Kristina Johnson

    Secretary

    Total calculated
    $0
    Hours/week
    0.25

  • Juliana Huiskamp

    Past President

    Total calculated
    $0
    Hours/week
    0.25

  • Matt Dietzenbach

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Charles Frana

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Stephanie Fromm

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Keith Garms

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Kelli Gosch

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Carla Hughes

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Dave Kratz

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Gary McAndrew

    Board of Trustee Liason

    Total calculated
    $0
    Hours/week
    0.25

  • Danielle Shea

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Christopher O'Donohoe

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Anderson Sainci

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Brian Schatz

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Wes Schulte

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Walter Webster

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Jerem White

    Director

    Total calculated
    $0
    Hours/week
    0.25

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

  • Northeast Iowa Community College

    $892,722

    Operational expenses and scholarships

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.

  • Northeast Iowa Community College

    Education · IA

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202501339349302695

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