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← KIRKWOOD COMMUNITY COLLEGE FACILITIES FOUNDATION

Form 990 for tax year 2024

Filed by KIRKWOOD COMMUNITY COLLEGE FACILITIES FOUNDATION.

Totals

Total revenue
$1,724,322
Total expenses
$115,339
Contributions and grants received
$1,687,969
Grants paid
$14,499
Program service revenue
$0
Investment income
$29,234
Other revenue
$7,119
Total assets, end of year
$2,848,008
Total liabilities, end of year
$12,294
Net assets or fund balances, end of year
$2,835,714
Program services expenses (Part IX)
$89,015
Management and general expenses
$26,324
Fundraising expenses
$0
Program service expenses (Part III)
$89,015

Program services were 77.2% 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

    $1,687,969

  • 1g · Noncash contributions included above

    $1,687,939

  • 3 · Investment income

    total $16,812 · excluded $16,812

  • 6a · Gross rents

    real property $6,108

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $6,108

  • 6d · Net rental income or loss

    total $6,108 · related or exempt $6,108

  • 7a · Gross sales of assets other than inventory

    securities $12,422

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

    securities $0

  • 7c · Gain or loss

    securities $12,422

  • 7d · Net gain or loss

    total $12,422 · excluded $12,422

  • 11a · Other revenue: MISCELANEOUS

    total $1,011 · related or exempt $1,011

  • 11e · Other revenue, total

    $1,011

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,499 · program services $14,499

  • 24a · Other expenses: FACILITY OPERATIONS

    total $74,516 · program services $74,516

  • 24b · Other expenses: MANAGEMENT AND GENERAL

    total $26,324 · management and general $26,324

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,941 · end of year $66,050

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

    $1,720,088

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

    $32,149

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $1,687,939

  • 15 · Other assets

    beginning of year $0 · end of year $1,094,019

  • 17 · Accounts payable and accrued expenses

    end of year $79

  • 19 · Deferred revenue

    end of year $12,215

  • 27 · Net assets without donor restrictions

    beginning of year $2,941 · end of year $2,835,714

Mission and programs · 2024

Mission

OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PUPOSES TO PROVIDE BROADER EDUCATIONAL SERVICE OPPORTUNITIES TO KIRKWOOD COMMUNITY COLLEGE'S (KCC) STUDENTS, STAFF, FACULTY AND RESIDENTS OF THE GEOGRAPHICAL AREA IT SERVICES.

Activities or mission (Part I)

MAINTAIN, DEVELOP, & EXTEND ITS FACILITIES & SERVICES FOR THE BENEFIT OF KIRKWOOD COMMUNITY COLLEGE.

  • TO MAINTAIN, DEVELOP AND EXTEND FACILITIES AND SERVICES FOR THE BENEFIT OF KCC.

    Expenses $89,015 · Grants $14,499

As filed on the 2024 return.

Listed in Part VII

  • Elaine Harrington

    PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gene Wehrheim

    VICE PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Norm Humble

    TREASURER & SECRETARY& DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Casey Dunning

    CHIEF FINANCIAL OFFICER

    Total calculated
    $172,713
    From this org
    $150,455
    From related orgs
    $0
    Other
    $22,258
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $150,455
    Bonus
    $0
    Other
    $0
    Deferred
    $14,203
    Nontaxable benefits
    $8,055
    Filer's total
    $172,713

  • Troy McQuillen

    VP OF FACILITIES, PUBLIC SAFETY & OPERATIONS

    Total calculated
    $193,616
    From this org
    $169,281
    From related orgs
    $0
    Other
    $24,335
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $169,281
    Bonus
    $0
    Other
    $0
    Deferred
    $15,980
    Nontaxable benefits
    $8,355
    Filer's total
    $193,616

  • Sheryl Cook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Leslie Wright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kristie Fisher

    EXECUTIVE DIRECTOR

    Total calculated
    $457,526
    From this org
    $354,901
    From related orgs
    $0
    Other
    $102,625
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $354,901
    Bonus
    $0
    Other
    $0
    Deferred
    $79,152
    Nontaxable benefits
    $23,473
    Filer's total
    $457,526

  • Peg Sprengeler

    EXECUTIVE ASSISTANCE

    Total calculated
    $112,803
    From this org
    $95,269
    From related orgs
    $0
    Other
    $17,534
    Hours/week
    0.5 + 40 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

The filer's explanations (Part III)

PART I, LINE 3:
KFF DOES NOT HAVE ANY COMPENSATED EMPLOYEES. THE INDIVIDUAL LISTED ON SCHEDULE J, PART II IS COMPENSATED BY KCC, A RELATED PARTY. KCC USED A COMPENSATION COMMITTEE, INDEPENDENT CONSULTANT, COMPENSATION SURVEY/STUDY AS WELL AS REQUIRED APPROVAL BY A COMPENSATION COMMITTEE WHEN DETERMINING THE COMPENSATION.

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

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.

  • KIRKWOOD COMMUNITY COLLEGE

    HIGHER EDUCATION · IA

  • KIRKWOOD COMMUNITY COLLEGE FOUNDATION

    501(C)(3) · SUPPORT THE EDUCATION AND DEVELOPMENT NEEDS OF KIRKWOOD COMMUNITY COLLEGE · IA

    Directly controlled by KIRKWOOD COMMUNITY COLLEGE

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349305468

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