Totals
- Total revenue
- $2,784,922
- Total expenses
- $3,129,021
- Contributions and grants received
- $2,190,051
- Grants paid
- $2,830,553
- Program service revenue
- $0
- Investment income
- $485,454
- Other revenue
- $109,417
- Total assets, end of year
- $19,904,662
- Total liabilities, end of year
- $2,116,877
- Net assets or fund balances, end of year
- $17,787,785
- Program services expenses (Part IX)
- $2,846,777
- Management and general expenses
- $121,797
- Fundraising expenses
- $160,447
- Program service expenses (Part III)
- $2,846,777
Program services were 91.0% 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.
-
1d · Related organizations
$432,839
-
1f · All other contributions, gifts and grants
$1,757,212
-
1g · Noncash contributions included above
$42,838
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $475,658 · excluded $475,658
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $241,019
-
7b · Less cost or other basis and sales expenses
securities $231,223
-
7c · Gain or loss
securities $9,796 · other assets $0
-
7d · Net gain or loss
total $9,796 · excluded $9,796
-
8a · Fundraising events: gross income
$139,305
-
8b · Fundraising events: direct expenses
$29,888
-
8c · Net income from fundraising events
total $109,417 · excluded $109,417
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,215,779 · program services $2,215,779
-
2 · Grants to domestic individuals
total $614,774 · program services $614,774
-
5 · Compensation of officers, directors and key employees
total $159,628 · management and general $79,814 · fundraising $79,814
-
7 · Other salaries and wages
total $7,697 · program services $1,924 · management and general $1,924 · fundraising $3,849
-
9 · Other employee benefits
total $57,160 · program services $14,290 · management and general $14,290 · fundraising $28,580
-
11f · Fees: investment management
total $15,210 · management and general $15,210
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
17 · Travel
total $1,024 · fundraising $1,024
-
19 · Conferences, conventions and meetings
total $17,955 · fundraising $17,955
-
24a · Other expenses: MATERIALS & SUPPLIES
total $28,174 · fundraising $28,174
-
24b · Other expenses: CONTRACTUAL SERVICES
total $10,559 · management and general $10,559
-
24c · Other expenses: FUNDRAISING EXPENSES
total $1,051 · fundraising $1,051
-
24d · Other expenses: MISCELLANEOUS
total $10 · program services $10
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,546,507 · end of year $2,509,281
-
3 · Pledges and grants receivable
beginning of year $22,000 · end of year $10,500
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$48,317
-
10b · Land, buildings and equipment: accumulated depreciation
$48,317
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $14,860,043 · end of year $17,116,025
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $267,917 · end of year $268,856
-
17 · Accounts payable and accrued expenses
beginning of year $36,013 · end of year $2,090,136
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $21,984 · end of year $26,741
-
27 · Net assets without donor restrictions
beginning of year $323,231 · end of year $684,983
-
28 · Net assets with donor restrictions
beginning of year $16,315,239 · end of year $17,102,802
Mission and programs · 2023
Mission
THE PARKLAND COLLEGE FOUNDATION GENERATED FUNDS TO AWARD SCHOLARSHIPS, FINANCE ECONOMIC DEVELOPMENT PROGRAMS, AND CONTRIBUTE TO THE OVERALL QUALITY OF LIFE IN EAST CENTRAL ILLINOIS.
-
SCHOLARSHIPS FOR PARKLAND COLLEGE STUDENTS AND TO SUPPORT THE EDUCATION MISSION OF PARKLAND COLLEGE.
Expenses $2,846,777 · Grants $2,830,553
As filed on the 2023 return.
Listed in Part VII
-
Damien BanksDAMIEN BANKS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Dan MarkerDAN MARKER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Joseph ChamleyJOSEPH CHAMLEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ron BensylRON BENSYL
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Tracy WahlfeldtTRACY WAHLFELDT
EXECUTIVE DIRECTOR
- Total calculated
- $188,793
- From this org
- $159,629
- From related orgs
- $0
- Other
- $29,164
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,629
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $29,164
- Filer's total
- $188,793
-
Carter BillingsleyCARTER BILLINGSLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Diane MichaelsDIANE MICHAELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elise RiehleELISE RIEHLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric SarffERIC SARFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James VoylesJAMES VOYLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julie ShaplandJULIE SHAPLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly Duitsman-HuntKELLY DUITSMAN-HUNT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin FeeneyKEVIN FEENEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Sappenfield-BoyerLISA SAPPENFIELD-BOYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt KellyMATT KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike BleichMIKE BLEICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patricia JohnsonPATRICIA JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rob SchmittROB SCHMITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sharon AllenSHARON ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tommy BlackTOMMY BLACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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 EXECUTIVE DIRECTOR'S SALARY IS APPROVED BY THE FOUNDATION BOARD AND BOARD OF TRUSTEES OF PARKLAND COLLEGE. THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY PARKLAND COLLEGE'S SALARY GRADE/RANGE SYSTEM. ANNUAL INCREASES ARE BASED ON WHAT OTHER UNIONS WITH THE COLLEGE NEGOTIATE.
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
-
PARKLAND COLLEGE
$2,173,991
TO FURTHER THE MISSION OF PARKLAND COLLEGE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423069349302362
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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