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← KIRKWOOD COMMUNITY COLLEGE FACILITIES FOUNDATION

Form 990 for tax year 2022

Filed by KIRKWOOD COMMUNITY COLLEGE FACILITIES FOUNDATION.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,941
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,941
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

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

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

    $32,149

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

    $32,149

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

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

Mission and programs · 2022

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.

As filed on the 2022 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 & DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Peg Sprengeler

    SECRETARY

    Total calculated
    $80,291
    From this org
    $0
    From related orgs
    $73,343
    Other
    $6,948
    Hours/week
    1 + 40 related

  • Lori Sundberg

    EXECUTIVE DIRECTOR

    Total calculated
    $330,547
    From this org
    $0
    From related orgs
    $322,903
    Other
    $7,644
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $322,903 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,644 related
    Filer's total
    $0 + $330,547 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

No itemized grants to organizations 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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349315269

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