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Nonprofiteer
← JOLIET JUNIOR COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by JOLIET JUNIOR COLLEGE FOUNDATION.

Totals

Total revenue
$3,416,358
Total expenses
$1,563,984
Contributions and grants received
$1,840,432
Grants paid
$699,113
Program service revenue
$0
Investment income
$1,575,926
Other revenue
$0
Total assets, end of year
$33,588,956
Total liabilities, end of year
$108,241
Net assets or fund balances, end of year
$33,480,715
Program services expenses (Part IX)
$1,312,246
Management and general expenses
$230,031
Fundraising expenses
$21,707
Program service expenses (Part III)
$1,312,246

Program services were 83.9% 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

    $1,840,432

  • 3 · Investment income

    total $902,395 · excluded $902,395

  • 7a · Gross sales of assets other than inventory

    securities $33,127,438

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

    securities $32,453,907

  • 7c · Gain or loss

    securities $673,531

  • 7d · Net gain or loss

    total $673,531 · related or exempt $673,531

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $699,113 · program services $699,113

  • 11b · Fees: legal

    total $200 · management and general $200

  • 11c · Fees: accounting

    total $18,710 · management and general $18,710

  • 17 · Travel

    total $5,721 · management and general $5,721

  • 24a · Other expenses: PROGRAM SERVICES

    total $540,616 · program services $518,909 · fundraising $21,707

  • 24b · Other expenses: PERSONNEL

    total $145,946 · management and general $145,946

  • 24c · Other expenses: INVESTMENT FEES

    total $94,224 · program services $94,224

  • 24d · Other expenses: CONTRACTUAL SERVICES -

    total $32,387 · management and general $32,387

  • 24e · All other expenses

    total $27,067 · management and general $27,067

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $281,155 · end of year $360,530

  • 2 · Savings and temporary cash investments

    beginning of year $294,274 · end of year $1,511,087

  • 4 · Accounts receivable

    beginning of year $7,152 · end of year $13,614

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

    $760,905

  • 10c · Land, buildings and equipment, net

    beginning of year $760,905 · end of year $760,905

  • 11 · Investments: publicly traded securities

    beginning of year $28,690,453 · end of year $30,942,820

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,815 · end of year $108,241

  • 27 · Net assets without donor restrictions

    beginning of year $4,600,556 · end of year $5,170,257

  • 28 · Net assets with donor restrictions

    beginning of year $25,382,568 · end of year $28,310,458

Mission and programs · 2022

Mission

TO SUPPORT THE MISSION AND GOALS OF JOLIET JUNIOR COLLEGE BY RAISING AND MANAGING PRIVATE DOLLARS FOR SCHOLARSHIPS, NEW BUILDINGS AND EQUIPMENT, THE EXPANSION AND ENRICHMENT OF ACADEMIC PROGRAMS, ENDOWMENTS AND OTHER NEEDS.

  • TO PROVIDE FINANCIAL SUPPORT TO JOLIET JUNIOR COLLEGE, THROUGH SCHOLARSHIPS AND AWARDS TO ELIGIBLE STUDENTS IDENTIFIED BY THE COLLEGE.

    Expenses $1,312,246 · Grants $699,113

As filed on the 2022 return.

Listed in Part VII

  • Chris D Brown

    AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • William Conte

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dr Brett Gould

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jdavid Conterio

    TREASURER/PRES ELECT

    Total calculated
    $0
    Hours/week
    1

  • Dianne McDonald

    AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • Donna Theimer

    AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Howard

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joseph F Burla

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Kirkeeng

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Troy Cicero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Natalie Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Van Acker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Noreen Dollinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roger Ross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rosa A Angeles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian J Giegerich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William T Kaplan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Theresa A Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Breyman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Danielson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Fagan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cornell Lurry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jean Yates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lawrence Wiers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Murray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Rzasa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristin Mulvey

    EXECUTIVE DIRECTOR

    Total calculated
    $222,418
    From this org
    $24,000
    From related orgs
    $169,822
    Other
    $28,596
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $169,822 related
    Bonus
    $0
    Other
    $24,000
    Deferred
    $0
    Nontaxable benefits
    $0 + $28,596 related
    Filer's total
    $24,000 + $198,418 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
ALL OFFICERS AND OTHER KEY PERSONNEL ARE PAID BY JOLIET JUNIOR COLLEGE, THE ENTITY THAT THIS FOUNDATION SUPPORTS. THIS FOUNDATION HAS NO INPUT INTO THE AMOUNT OF THAT COMPENSATION, NOR ANY PROCESS TO REVIEW IT.

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.

  • JOLIET JUNIOR COLLEGE

    PUBLIC JR COLLEGE · EDCUATION INSTITUTION · IL

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323199349313087

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