Form 990 for tax year 2022
Filed by FLATHEAD VALLEY COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $6,310,098
- Total expenses
- $4,393,108
- Contributions and grants received
- $5,242,529
- Grants paid
- $4,152,345
- Program service revenue
- $0
- Investment income
- $1,069,704
- Other revenue
- -$2,135
- Total assets, end of year
- $25,798,429
- Total liabilities, end of year
- $4,169,075
- Net assets or fund balances, end of year
- $21,629,354
- Program services expenses (Part IX)
- $4,284,574
- Management and general expenses
- $108,534
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,284,574
Program services were 97.5% 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
$460,546
-
1f · All other contributions, gifts and grants
$4,781,983
-
1g · Noncash contributions included above
$73,883
-
3 · Investment income
total $429,831 · excluded $429,831
-
7a · Gross sales of assets other than inventory
securities $7,739,796
-
7b · Less cost or other basis and sales expenses
securities $7,099,923
-
7c · Gain or loss
securities $639,873
-
7d · Net gain or loss
total $639,873 · excluded $639,873
-
8a · Fundraising events: gross income
$98,510
-
8a · Fundraising events: contributions included on line 1c
$460,546
-
8b · Fundraising events: direct expenses
$100,645
-
8c · Net income from fundraising events
total -$2,135 · excluded -$2,135
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,319,376 · program services $3,319,376
-
2 · Grants to domestic individuals
total $832,969 · program services $832,969
-
11c · Fees: accounting
total $13,317 · management and general $13,317
-
11f · Fees: investment management
total $89,939 · management and general $89,939
-
13 · Office expenses
total $4,961 · program services $4,961
-
23 · Insurance
total $2,965 · management and general $2,965
-
24a · Other expenses: SUPPLIES & DONOR APPREC
total $127,268 · program services $127,268
-
24b · Other expenses: BANK AND CREDIT CARD FE
total $2,313 · management and general $2,313
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $231,255 · end of year $167,511
-
3 · Pledges and grants receivable
beginning of year $3,245,018 · end of year $4,313,139
-
11 · Investments: publicly traded securities
beginning of year $21,845,403 · end of year $21,088,261
-
15 · Other assets
beginning of year $241,950 · end of year $229,518
-
17 · Accounts payable and accrued expenses
beginning of year $1,898,710 · end of year $3,181,141
-
19 · Deferred revenue
beginning of year $20,000 · end of year $20,000
-
25 · Other liabilities
beginning of year $1,027,835 · end of year $967,934
-
27 · Net assets without donor restrictions
beginning of year $502,769 · end of year $1,494,088
-
28 · Net assets with donor restrictions
beginning of year $22,114,312 · end of year $20,135,266
Mission and programs · 2022
Mission
ASSIST THE FLATHEAD VALLEY COMMUNITY COLLEGE WITH FUNDRAISING AND SCHOLARSHIPS.
Activities or mission (Part I)
ASSIST THE FLATHEAD VALLEY COMMUNITY COLLEGE WITH FUNDRAISING AND SCHOLARSHIPS
-
PROVIDE FUNDING FOR CONSTRUCTING AND EQUIPPING THE PAUL D WACHHOLZ COLLEGE CENTER AND THE BROUSSARD FAMILY LIBRARY AND LEARNING COMMONS ON FVCC'S KALISPELL CAMPUS.
Expenses $3,135,777 · Grants $3,135,777
-
PROVIDE SCHOLARSHIP FUNDING TO STUDENTS AT FLATHEAD VALLEY COMMUNITY COLLEGE. IN ADDITION, PROVIDING EMERGENCY ASSISTANCE GRANTS OF UP TO $300 TO STUDENTS WITH AN EMERGENCY SITUATION THAT MAY PREVENT THEM FROM GETTING TO CLASS.
Expenses $832,969 · Grants $832,969
-
PROVIDE FUNDING FOR SALARIES FOR FOUNDATION STAFF AND FOUNDATION EVENT EXPENSES AT THE WACHHOLTZ COLLEGE CENTER.
Expenses $106,022 · Grants $106,022
-
SUPPORT FLATHEAD VALLEY COMMUNITY COLLEGE'S CULINARY ARTS ASSOCIATE OF APPLIED SCIENCE DEGREE PROGRAM AND CHEF'S TABLE INTERNSHIP PROGRAM. ALSO PROVIDE FUNDING TO FACULTY AND STAFF AT FLATHEAD VALLEY COMMUNITY COLLEGE FOR INNOVATIVE PROJECTS THAT FOCUS ON STUDENT RETENTION AND TO ASSIST WITH STUDENT TRAVEL TO PRESENT RESEARCH CONFERENCES. TO ASSIST WITH EXPENSES ASSOCIATED WITH THE STUDENT HEALTH CLINIC HOUSED IN THE REBECCA CHANEY BROUSSARD NURSING AND HEALTH SCIENCE BUILDING. TO ASSIST WITH EXPENSES ASSOCIATED WITH THE NURSING PROGRAM AT FVCC.
Expenses $209,806 · Grants $77,576
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Walter KuhnWALTER KUHN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jessica HansonJESSICA HANSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Justin SliterJUSTIN SLITER
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Joe KolaJOE KOLA
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Russell BarnesRUSSELL BARNES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
David FetveitDAVID FETVEIT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tracy FreemanTRACY FREEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kirk GentryKIRK GENTRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Nancy GordleyNANCY GORDLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark JohnsonMARK JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Melissa KaptanianMELISSA KAPTANIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Natalie KellerNATALIE KELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Denise LangDENISE LANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Patrice LatourellePATRICE LATOURELLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Donna Lawson-MarshallDONNA LAWSON-MARSHALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Cindy LewisCINDY LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kim NystuenKIM NYSTUEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Nancy O'KellyNANCY O'KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Marylou PattersonMARYLOU PATTERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris RidderCHRIS RIDDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Alan StinsonALAN STINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Diane Morton StoutDIANE MORTON STOUT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Muffie ThomsonMUFFIE THOMSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Debbi WaldenbergDEBBI WALDENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Suzy WilliamsSUZY WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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.
Grants on this return
-
FLATHEAD VALLEY COMMUNITY COLLEGE
$3,319,376
SUPPORT THE EDUCATIONAL OPPORTUNITIES AND COMMUNITY DEVELOPMENT AT THE FLATHEAD VALLEY COMMUNITY COLLEGE.
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.
-
FLATHEAD VALLEY COMMUNITY COLLEGE
GOVERNMENTAL ENTITY · SCHOOL · MT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 30 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322499349300737
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