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Nonprofiteer
← KALAMAZOO VALLEY COMMUNITY COLLEGE HOLDING COMPANY

Form 990 for tax year 2023

Filed by KALAMAZOO VALLEY COMMUNITY COLLEGE HOLDING COMPANY.

Totals

Total revenue
$446,222
Total expenses
$41,816
Contributions and grants received
$0
Grants paid
$26,291
Program service revenue
$0
Investment income
$446,222
Other revenue
$0
Total assets, end of year
$1,028,859
Total liabilities, end of year
$881,154
Net assets or fund balances, end of year
$147,705
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
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.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $23,085 · excluded $23,085

  • 7a · Gross sales of assets other than inventory

    other assets $482,335

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

    other assets $59,198

  • 7c · Gain or loss

    other assets $423,137

  • 7d · Net gain or loss

    total $423,137 · excluded $423,137

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,291

  • 11b · Fees: legal

    total $8,731

  • 11c · Fees: accounting

    total $2,000

  • 23 · Insurance

    total $4,474

  • 24a · Other expenses: FEES/PERMITS

    total $320

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $836,531 · end of year $859,317

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,631 · end of year $4,596

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

    $164,946

  • 10c · Land, buildings and equipment, net

    beginning of year $224,145 · end of year $164,946

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,319,008 · end of year $881,154

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$256,701 · end of year $147,705

Mission and programs · 2023

Mission

SERVE AS A TITLE HOLDING COMPANY FOR THE BENEFIT OF KALAMAZOO VALLEY COMMUNITY COLLEGE.

  • SERVE AS A TITLE HOLDING COMPANY FOR THE BENEFIT OF KALAMAZOO VALLEY COMMUNITY COLLEGE.

As filed on the 2023 return.

Listed in Part VII

  • Luther Marshall Washington

    SECRETARY

    Total calculated
    $311,749
    From this org
    $0
    From related orgs
    $282,888
    Other
    $28,861
    Hours/week
    0.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,938 related
    Bonus
    $0
    Other
    $0 + $59,950 related
    Deferred
    $0 + $28,861 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $311,749 related

  • Craig Jbara

    TRUSTEE

    Total calculated
    $180,578
    From this org
    $0
    From related orgs
    $162,400
    Other
    $18,178
    Hours/week
    0.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,400 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,178 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $180,578 related

  • Brian Lueth

    TREASURER

    Total calculated
    $161,264
    From this org
    $0
    From related orgs
    $144,470
    Other
    $16,794
    Hours/week
    0.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,470 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,794 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $161,264 related

  • Dannie Alexander

    PRESIDENT

    Total calculated
    $168,883
    From this org
    $0
    From related orgs
    $132,955
    Other
    $35,928
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,955 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,751 related
    Nontaxable benefits
    $0 + $20,177 related
    Filer's total
    $0 + $168,883 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

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

  • KALAMAZOO VALLEY COMMUNITY COLLEGE

    $0

    PROVIDE SIGN FOR NEW ENTRANCE

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.

  • KALAMAZOO VALLEY COMMUNITY COLLEGE

    SEC. 115, GOVERNMENT · EDUCATION · MI

  • KALAMAZOO VALLEY COMMUNITY COLLEGE FOUNDATION

    501(C)(3) · FUNDRAISING FOR KALAMAZOO VALLEY COMMUNITY COLLEGE · MI

    Directly controlled by KALAMAZOO VALLEY COMMUNITY COLLEGE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • KALAMAZOO VALLEY EDUCATION AND OFFICE PARK CONDOMINIUM ASSOC

    C · CONDO ASSOCIATION · MI · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202501289349303200

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