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Nonprofiteer
← INDEPENDENCE COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by INDEPENDENCE COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$632,018
Total expenses
$336,950
Contributions and grants received
$455,606
Grants paid
$46,652
Program service revenue
$0
Investment income
$167,606
Other revenue
$8,806
Total assets, end of year
$5,495,551
Total liabilities, end of year
$593,150
Net assets or fund balances, end of year
$4,902,401
Program services expenses (Part IX)
$146,919
Management and general expenses
$155,816
Fundraising expenses
$34,215
Program service expenses (Part III)
$146,919

Program services were 43.6% 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

    $455,606

  • 3 · Investment income

    total $112,531 · excluded $112,531

  • 7a · Gross sales of assets other than inventory

    securities $117,284

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

    securities $62,209

  • 7c · Gain or loss

    securities $55,075

  • 7d · Net gain or loss

    total $55,075 · related or exempt $55,075

  • 11a · Other revenue: MISC REVENUE

    total $8,806 · related or exempt $8,806

  • 11e · Other revenue, total

    $8,806

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $46,652 · program services $46,652

  • 7 · Other salaries and wages

    total $32,728 · management and general $32,728

  • 11c · Fees: accounting

    total $45,115 · management and general $11,141 · fundraising $33,974

  • 11f · Fees: investment management

    total $13,986 · management and general $13,986

  • 12 · Advertising and promotion

    total $7,310 · management and general $7,310

  • 17 · Travel

    total $3,267 · management and general $3,267

  • 20 · Interest

    total $59,231 · management and general $59,231

  • 23 · Insurance

    total $421 · management and general $421

  • 24a · Other expenses: UNIVERSITY SUPPORT

    total $100,267 · program services $100,267

  • 24b · Other expenses: SUPPLIES

    total $15,485 · management and general $15,485

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $6,535 · management and general $6,535

  • 24d · Other expenses: OTHER EXPENSES

    total $5,712 · management and general $5,712

  • 24e · All other expenses

    total $241 · fundraising $241

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $604,844 · end of year $416,255

  • 3 · Pledges and grants receivable

    beginning of year $516,977 · end of year $299,295

  • 4 · Accounts receivable

    end of year $550,000

  • 11 · Investments: publicly traded securities

    beginning of year $3,971,557 · end of year $4,230,001

  • 17 · Accounts payable and accrued expenses

    beginning of year $708,637 · end of year $593,150

  • 27 · Net assets without donor restrictions

    beginning of year $1,928,432 · end of year $2,502,072

  • 28 · Net assets with donor restrictions

    beginning of year $2,456,309 · end of year $2,400,329

Mission and programs · 2024

Mission

INDEPENDENCE COMMUNITY COLLEGE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE SUPPORT TO THE INDEPENDENCE COMMUNITY COLLEGE AND ITS STUDENTS, WITH GRANTS AND SCHOLARSHIPS.

  • THE FUNDS OF THE FOUDNATION ARE USED TO BENEFIT INDPENDENCE COMMUNITY COLLEGE AND ITS STUDENTS. THE STUDENTS IN NEED OF FINANCIAL ASSSISTANCE, WHILE ATTENDING ICC, RECEIVE GRANTS. SCHOLARSHIP AWARDS ARE BASED ON ACADEMIC ACHIEVEMENTS AND FINANCIAL NEED. AWARDS RANGE FROM 100.00 TO 600.00 PER SEMESTER.

    Expenses $146,919 · Grants $46,652

As filed on the 2024 return.

Listed in Part VII

  • Steve Chapman

    DIRECTOR

    Total calculated
    $0

  • Omar Elshabassy

    DIRECTOR

    Total calculated
    $0

  • Jeffrey Gettler

    DIRECTOR

    Total calculated
    $0

  • Dottie Good

    TREASURER

    Total calculated
    $0

  • Amber Gregory

    PRESIDENT

    Total calculated
    $0

  • Judi Harris

    DIRECTOR

    Total calculated
    $0

  • Corey Hugo

    EX OFFICIO

    Total calculated
    $0

  • Nick McCollam

    SECRETARY

    Total calculated
    $0

  • Tyson Oakes

    EXEC BOARD M

    Total calculated
    $0

  • Cody Oates

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40

  • Johnathan Rodriquez

    VICE PRESIDE

    Total calculated
    $0

  • Jason Rutledge

    DIRECTOR

    Total calculated
    $0

  • Jana Shaver

    DIRECTOR

    Total calculated
    $0

  • Barry Wesselowski

    DIRECTOR

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
24 August 2026
IRS schema version
2024v5.0
Source object
202632379349301253

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