Form 990 for tax year 2023
Filed by VERMILION COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $171,211
- Total expenses
- $122,184
- Contributions and grants received
- $126,867
- Grants paid
- $69,419
- Program service revenue
- $0
- Investment income
- $44,344
- Other revenue
- $0
- Total assets, end of year
- $1,679,440
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,679,440
- Program services expenses (Part IX)
- $97,910
- Management and general expenses
- $24,274
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $97,910
Program services were 80.1% 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
$126,867
-
3 · Investment income
total $47,973 · excluded $47,973
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $256,800
-
7b · Less cost or other basis and sales expenses
securities $260,429
-
7c · Gain or loss
securities -$3,629
-
7d · Net gain or loss
total -$3,629 · related or exempt -$3,629
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $69,419 · program services $69,419
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $37,584 · program services $26,309 · management and general $11,275
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $5,625 · management and general $5,625
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $50 · management and general $50
-
12 · Advertising and promotion
total $118 · program services $118
-
13 · Office expenses
total $2,608 · management and general $2,608
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $3,616 · management and general $3,616
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $553 · management and general $553
-
24a · Other expenses: SWAG SALES
total $1,198 · program services $1,198
-
24b · Other expenses: MISCELLANEOUS
total $866 · program services $866
-
24c · Other expenses: BANK FEE
total $547 · management and general $547
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $52,885 · end of year $77,431
-
2 · Savings and temporary cash investments
beginning of year $252,066 · end of year $285,884
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $1,231,674 · end of year $1,316,125
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,536,625 · end of year $1,679,440
Mission and programs · 2023
Mission
TO PROMOTE A STRONGER AWARENESS OF AND BOND BETWEEN VERMILION COMMUNITY COLLEGE AND THE COMMUNITIES IT SERVES; AND TO SEEK, ACCEPT, AND ADMINISTER FINANCIAL AND MATERIAL GIFTS FOR THE BENEFIT OF THE COLLEGE, ITS STUDENTS, AND THE COMMUNITIES. PRIMARY ACTIVITIES INCLUDE SCHOLARSHIP AWARDS AND SUPPORT FOR EDUCATIONAL PROGRAMMING.
-
SCHOLARSHIPS AND GRANTS TO STUDENTS - RECIPIENTS ARE SELECTED BY A COMMITTEE OF FACULTY, SUPPORT STAFF, AND ADMINISTRATORS. SELECTIONS ARE BASED ON INFO FROM APPLICATIONS AND COMMITTEE INPUT. THE AWARDS ARE REPORTED TO THE COLLEGE FINANCIAL AID DEPARTMENT AND GENERALLY PAID DIRECTLY TO THE COLLEGE TO ASSIST WITH THE STUDENTS' TUITION AND TEXTBOOK COSTS.
Expenses $97,910
As filed on the 2023 return.
Listed in Part VII
-
Anne FolzANNE FOLZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chad BoedekerCHAD BOEDEKER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Pam TurnbullPAM TURNBULL
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Colin YahnkeCOLIN YAHNKE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Deb MillerDEB MILLER
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Derek LossingDEREK LOSSING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
O'Niell TedrowO'NIELL TEDROW
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sheri IsraelSHERI ISRAEL
President
- Total calculated
- $0
- Hours/week
- 1
-
Tom PustovarTOM PUSTOVAR
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Trent JanezichTRENT JANEZICH
EX OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth ChapmanELIZABETH CHAPMAN
Executive Dir.
- Total calculated
- $0
- Hours/week
- 30
-
Crhis KoivistoCRHIS KOIVISTO
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433199349302708
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