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← HAWKEYE COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by HAWKEYE COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$1,804,342
Total expenses
$2,050,690
Contributions and grants received
$828,518
Grants paid
$1,928,324
Program service revenue
$5,503
Investment income
$792,009
Other revenue
$178,312
Total assets, end of year
$12,657,666
Total liabilities, end of year
$42,243
Net assets or fund balances, end of year
$12,615,423
Program services expenses (Part IX)
$1,955,195
Management and general expenses
$78,392
Fundraising expenses
$17,103
Program service expenses (Part III)
$1,955,195

Program services were 95.3% 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

    $828,518

  • 1g · Noncash contributions included above

    $92,777

  • 2a · Program service revenue: LOAN RECOVERY

    total $4,346 · related or exempt $4,346

  • 2b · Program service revenue: LOAN INTEREST

    total $1,157 · related or exempt $1,157

  • 3 · Investment income

    total $335,705 · excluded $335,705

  • 6a · Gross rents

    real property $20,125

  • 6c · Rental income or loss

    real property $20,125

  • 6d · Net rental income or loss

    total $20,125 · excluded $20,125

  • 7a · Gross sales of assets other than inventory

    securities $514,372

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

    securities $58,068

  • 7c · Gain or loss

    securities $456,304

  • 7d · Net gain or loss

    total $456,304 · related or exempt $456,304

  • 11a · Other revenue: SPECIAL EVENTS

    total $147,222 · related or exempt $147,222

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $10,965 · related or exempt $10,965

  • 11e · Other revenue, total

    $158,187

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,436,064 · program services $1,436,064

  • 2 · Grants to domestic individuals

    total $492,260 · program services $492,260

  • 11b · Fees: legal

    total $385 · fundraising $385

  • 11c · Fees: accounting

    total $6,605 · management and general $6,605

  • 11f · Fees: investment management

    total $47,644 · management and general $47,644

  • 13 · Office expenses

    total $5,350 · management and general $5,350

  • 14 · Information technology

    total $18,793 · management and general $18,793

  • 17 · Travel

    total $291 · program services $291

  • 22 · Depreciation, depletion and amortization

    total $2,519 · program services $2,519

  • 24a · Other expenses: COLLECT/LOANS WRITTEN OFF

    total $19,597 · program services $19,597

  • 24b · Other expenses: DONOR RELATIONS

    total $16,718 · fundraising $16,718

  • 24c · Other expenses: PROGRAM & DEPARTMENT

    total $4,464 · program services $4,464

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $699,639 · end of year $770,867

  • 3 · Pledges and grants receivable

    beginning of year $582,376 · end of year $349,131

  • 4 · Accounts receivable

    beginning of year $35,404 · end of year $42,646

  • 7 · Other notes and loans receivable

    beginning of year $31,056 · end of year $20,490

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

    $445,910

  • 10b · Land, buildings and equipment: accumulated depreciation

    $26,449

  • 10c · Land, buildings and equipment, net

    beginning of year $428,551 · end of year $419,461

  • 11 · Investments: publicly traded securities

    beginning of year $10,659,668 · end of year $11,039,157

  • 15 · Other assets

    beginning of year $15,479 · end of year $15,914

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,441 · end of year $42,243

  • 27 · Net assets without donor restrictions

    beginning of year $4,309,646 · end of year $4,010,942

  • 28 · Net assets with donor restrictions

    beginning of year $8,135,086 · end of year $8,604,481

Mission and programs · 2024

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS ATTENDING HAWKEYE COMMUNITY COLLEGE AND AID THE COLLEGE TO MEET GROWING AND CHANGING NEEDS.

  • THE FOUNDATION SUPPORTS HAWKEYE COMMUNITY COLLEGE BY PROVIDING LOANS AND SCHOLARSHIPS TO STUDENTS OF THE COLLEGE. THE RECIPIENTS ARE PRIMARILY DETERMINED BY THE SCHOLARSHIP COMMITTEE AND DEPARTMENT CHAIRS. THE AWARD AMOUNTS ARE DETERMINED THROUGH SPENDING POLICY, DONORS, OR FOUNDATION STAFF.

    Expenses $499,534 · Grants $492,260 · Revenue $8,983

  • SUPPORT FOR HAWKEYE COMMUNITY COLLEGE INCLUDING EQUIPMENT, CAPITAL, AND OTHER PROGRAM AND INSTRUCTIONAL SUPPORT. DISBURSEMENTS APPROVED BY FOUNDATION AND THE COLLEGE.

    Expenses $1,455,661 · Grants $1,436,064 · Revenue $144,329

As filed on the 2024 return.

Listed in Part VII

  • Heather Bremer-Miller

    EXECUTIVE DI

    Total calculated
    $187,709
    From this org
    $153,101
    From related orgs
    $0
    Other
    $34,608
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,101
    Bonus
    not reported
    Other
    not reported
    Deferred
    $34,608
    Nontaxable benefits
    not reported
    Filer's total
    $187,709

  • Barb Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Beau Beecher

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Blake Colwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Teresa Culpepper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tony Howard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Richards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Risetter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bridget Saffold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Schumacher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tony Thompson

    PRESIDENT-EL

    Total calculated
    $0
    Hours/week
    1

  • David Westley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bridget Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rick Wulfekuhle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Duggan

    FINANCIAL SE

    Total calculated
    $0
    Hours/week
    1

  • Daniel Gillen

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Nina Grant

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Dr Todd Holcomb

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Lynn Lagrone

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Aaron Sauerbrei

    EX-OFFICIO

    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

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

  • HAWKEYE COMMUNITY COLLEGE

    $1,436,064

    INST'L DEPT 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.

  • HAWKEYE COMMUNITY COLLEGE

    PROV EDUC · IA

Provenance

Return type
form_990
Tax year
2024
Filed
25 November 2025
IRS schema version
2024v5.0
Source object
202543169349303949

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