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Nonprofiteer
← KELLOGG COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by KELLOGG COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$7,738,912
Total expenses
$708,575
Contributions and grants received
$7,177,275
Grants paid
$630,689
Program service revenue
$0
Investment income
$591,729
Other revenue
-$30,092
Total assets, end of year
$23,282,818
Total liabilities, end of year
$54,034
Net assets or fund balances, end of year
$23,228,784
Program services expenses (Part IX)
$630,689
Management and general expenses
$64,563
Fundraising expenses
$13,323
Program service expenses (Part III)
$630,689

Program services were 89.0% 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

    $113,692

  • 1f · All other contributions, gifts and grants

    $7,063,583

  • 3 · Investment income

    total $399,876 · excluded $399,876

  • 7a · Gross sales of assets other than inventory

    securities $445,435

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

    securities $253,582

  • 7c · Gain or loss

    securities $191,853

  • 7d · Net gain or loss

    total $191,853 · excluded $191,853

  • 8a · Fundraising events: gross income

    $33,859

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

    $113,692

  • 8b · Fundraising events: direct expenses

    $63,951

  • 8c · Net income from fundraising events

    total -$30,092 · excluded -$30,092

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $72,948 · program services $72,948

  • 2 · Grants to domestic individuals

    total $557,741 · program services $557,741

  • 11f · Fees: investment management

    total $64,563 · management and general $64,563

  • 13 · Office expenses

    total $13,323 · fundraising $13,323

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $903,997 · end of year $548,292

  • 3 · Pledges and grants receivable

    beginning of year $839,330 · end of year $7,040,422

  • 11 · Investments: publicly traded securities

    beginning of year $13,058,855 · end of year $15,309,892

  • 12 · Investments: other securities

    beginning of year $0

  • 15 · Other assets

    beginning of year $65,449 · end of year $384,212

  • 19 · Deferred revenue

    beginning of year $37,350 · end of year $54,034

  • 27 · Net assets without donor restrictions

    beginning of year $2,974,194 · end of year $3,454,375

  • 28 · Net assets with donor restrictions

    beginning of year $11,856,087 · end of year $19,774,409

Mission and programs · 2023

Mission

THE KELLOGG COMMUNITY COLLEGE FOUNDATION GENERATES AND ENCOURAGES PHILANTHROPIC GIVING AND MANAGES FUNDS EXCLUSIVELY FOR KCC TO ENHANCE THE QUALITY OF EDUCATION WHILE BUILDING STRONGER COMMUNITIES.

  • DISTRIBUTION OF GRANTS, SCHOLARSHIPS AND AWARDS.

    Expenses $630,689 · Grants $630,689

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

Listed in Part VII

  • Richard Scott

    TREASURER

    Total calculated
    $171,261
    From this org
    $0
    From related orgs
    $154,987
    Other
    $16,274
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,987 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,274 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $171,261 related

  • Eric Greene

    DIRECTOR

    Total calculated
    $165,509
    From this org
    $0
    From related orgs
    $122,672
    Other
    $42,837
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $122,672 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,881 related
    Nontaxable benefits
    $0 + $29,956 related
    Filer's total
    $0 + $165,509 related

  • John Dilworth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 4 related

  • Paul Watson II

    PRESIDENT

    Total calculated
    $262,691
    From this org
    $0
    From related orgs
    $211,398
    Other
    $51,293
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,398 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,197 related
    Nontaxable benefits
    $0 + $29,096 related
    Filer's total
    $0 + $262,691 related

  • Drew Schweitzer

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • Steven Claywell

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Joe Lopez

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

  • Vivian Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 3 related

  • Jill Booth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Matthew Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Dr John Schwarz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Chad Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Erick Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Catherine Yates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Adam Dingwall

    DIRECTOR - PART YEAR

    Total calculated
    $0
    Hours/week
    0.2

  • Teresa Durham

    EXECUTIVE DIRECTOR

    Total calculated
    $127,727
    From this org
    $0
    From related orgs
    $93,712
    Other
    $34,015
    Hours/week
    40

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)

SCHEDULE J, PART I, LINE 3:
THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED ONE OR MORE METHODS DESCRIBED TO ESTABLISH 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

  • KELLOGG COMMUNITY COLLEGE

    $0

    PROGRAM SUPPORT

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.

  • KELLOGG COMMUNITY COLLEGE

    115 · EDUCATION · MI

    Directly controlled by NONE

Provenance

Return type
form_990
Tax year
2023
Filed
7 April 2025
IRS schema version
2023v6.0
Source object
202510989349301906

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