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Nonprofiteer
← SOUTHWESTERN COMMUNITY COLLEGE EDUCATION FOUNDATION

Form 990 for tax year 2023

Filed by SOUTHWESTERN COMMUNITY COLLEGE EDUCATION FOUNDATION.

Totals

Total revenue
$629,990
Total expenses
$610,636
Contributions and grants received
$459,597
Grants paid
$600,516
Program service revenue
$0
Investment income
$134,868
Other revenue
$35,525
Total assets, end of year
$4,233,772
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,233,772
Program services expenses (Part IX)
$600,516
Management and general expenses
$10,120
Fundraising expenses
$0
Program service expenses (Part III)
$600,516

Program services were 98.3% 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.

  • 1c · Fundraising events

    $2,115

  • 1d · Related organizations

    $235,494

  • 1f · All other contributions, gifts and grants

    $221,988

  • 3 · Investment income

    total $134,638 · excluded $134,638

  • 7a · Gross sales of assets other than inventory

    securities $2,100

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

    securities $1,870

  • 7c · Gain or loss

    securities $230

  • 7d · Net gain or loss

    total $230 · excluded $230

  • 8a · Fundraising events: gross income

    $83,071

  • 8a · Fundraising events: contributions included on line 1c

    $2,115

  • 8b · Fundraising events: direct expenses

    $47,546

  • 8c · Net income from fundraising events

    total $35,525 · excluded $35,525

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $54,606 · program services $54,606

  • 2 · Grants to domestic individuals

    total $545,910 · program services $545,910

  • 11c · Fees: accounting

    total $7,000 · management and general $7,000

  • 13 · Office expenses

    total $412 · management and general $412

  • 23 · Insurance

    total $2,708 · management and general $2,708

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,621,580 · end of year $1,573,609

  • 11 · Investments: publicly traded securities

    beginning of year $492,838 · end of year $510,163

  • 12 · Investments: other securities

    beginning of year $2,100,000 · end of year $2,150,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,373,100 · end of year $1,383,947

  • 28 · Net assets with donor restrictions

    beginning of year $2,841,318 · end of year $2,849,825

Mission and programs · 2023

Mission

TO PROVIDE SCHOLARSHIPS TO STUDENTS OF SOUTHWESTERN COMMUNITY COLLEGE AND TO PROVIDE GRANTS TO ENCOURAGE AND PROMOTE THE ACADEMIC DEVELOPMENT AND FUNDAMENTAL GROWTH OF SOUTHWESTERN COMMUNITY COLLEGE

Activities or mission (Part I)

TO PROVIDE SCHOLARSHIPS TO STUDENTS OF SOUTHWESTERN COMMUNITY COLLEGE

  • PROVIDE SCHOLARSHIPS FOR 300 STUDENTS TO HELP WITH COSTS OF TUITION AND FEES.

    Expenses $545,910

  • PROVIDE GRANTS TO SOUTHWESTERN COMMUNITY COLLEGE TO HELP WITH THE DEVELOPMENT AND GROWTH OF THE COLLEGE. THE GRANTS RECEIVED BY THE COLLEGE HAVE HELPED PROVIDE EQUIPMENT AND TOOLS FOR STUDENTS IN THE CTE PROGRAMS AS WELL AS IMPROVE EQUIPMENT FOR THE ATHLETIC PROGRAMS.

    Expenses $54,606

As filed on the 2023 return.

Listed in Part VII

  • Lindsay Stoaks

    DIRECTOR

    Total calculated
    $162,803
    From this org
    $0
    From related orgs
    $128,678
    Other
    $34,125
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,678 related
    Bonus
    $0
    Other
    $0 + $5,000 related
    Deferred
    $0 + $12,020 related
    Nontaxable benefits
    $0 + $22,105 related
    Filer's total
    $0 + $162,803 related

  • Allen Pohren

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Rick Oshel

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Julie Lanning

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Amy Hook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Kevin Britten

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Alec Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Brandi Shay

    TREASURER

    Total calculated
    $60,627
    From this org
    $0
    From related orgs
    $60,627
    Other
    $0
    Hours/week
    2 + 38 related

  • Caitlyn Maitlen

    SECRETARY

    Total calculated
    $52,178
    From this org
    $0
    From related orgs
    $52,178
    Other
    $0
    Hours/week
    40

  • Dr Marjorie McGuire-Welch

    FORMER DIRECTOR

    Total calculated
    $243,853
    From this org
    $0
    From related orgs
    $202,471
    Other
    $41,382
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $177,752 related
    Bonus
    $0
    Other
    $0 + $24,719 related
    Deferred
    $0 + $18,880 related
    Nontaxable benefits
    $0 + $22,502 related
    Filer's total
    $0 + $243,853 related

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)

PART I, LINE 3
COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED TO BE A FIXED SALARY AS DETERMINED BY THE ADMINISTRATION OF THE RELATED ORGANIZATION.

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

  • SOUTHWESTERN COMMUNITY COLLEGE

    $45,821

    GENERAL ASSISTANCE

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.

  • SOUTHWESTERN COMMUNITY COLLEGE

    115(A) · COMMUNITY COLLEGE · IA

Provenance

Return type
form_990
Tax year
2023
Filed
18 February 2025
IRS schema version
2023v6.0
Source object
202520499349301867

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