Civic Intelligence

Olney Central College Foundation

990 • Fiscal year 2017 • EIN 23-7117220

Jul 01, 2016 to Jun 30, 2017 • Filed on Aug 24, 2017

Organization Profilewww.iecc.edu/occ/foundation
305 North West StreetOlney, IL 62450

(618) 395-7777

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

84th percentile

29%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

75th percentile

15%

Faster asset growth than 75% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

68th percentile

15%

Faster revenue growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$2,904,726

Up $375,831 (+15%) from 2016

Net Assets

Up

$2,904,726

Up $375,831 (+15%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin84th percentile

Revenue

Up

$160,127

Up $20,697 (+15%) from 2016

Expenses

Down

$113,812

Down $157,383 (-58%) from 2016

Net Income

Up

$46,315

Up $178,080 (+135%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $1,426,586Liabilities 2011: $0Net Assets 2011: $1,426,5862011Assets 2012: $2,000,888Liabilities 2012: $0Net Assets 2012: $2,000,8882012Assets 2013: $2,225,347Liabilities 2013: $0Net Assets 2013: $2,225,3472013Assets 2014: $2,787,115Liabilities 2014: $0Net Assets 2014: $2,787,1152014Assets 2015: $2,791,817Liabilities 2015: $0Net Assets 2015: $2,791,8172015Assets 2016: $2,528,895Liabilities 2016: $0Net Assets 2016: $2,528,8952016Assets 2017: $2,904,726Liabilities 2017: $0Net Assets 2017: $2,904,7262017Assets 2018: $3,132,435Liabilities 2018: $0Net Assets 2018: $3,132,4352018Assets 2019: $3,203,246Liabilities 2019: $100Net Assets 2019: $3,203,1462019Assets 2020: $3,294,469Liabilities 2020: $1,500Net Assets 2020: $3,292,9692020Assets 2021: $4,034,571Liabilities 2021: $0Net Assets 2021: $4,034,5712021Assets 2022: $3,376,768Liabilities 2022: $0Net Assets 2022: $3,376,7682022Assets 2023: $3,701,743Liabilities 2023: $0Net Assets 2023: $3,701,7432023Assets 2024: $4,146,418Liabilities 2024: $0Net Assets 2024: $4,146,4182024Assets 2025: $4,474,118Liabilities 2025: $7,000Net Assets 2025: $4,467,1182025

Highlighted filing

2017

Assets$2,904,726
Liabilities$0
Net Assets$2,904,726
Open 2017 Filing

Operations Trend

Revenue Growth68th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $65,8372011Expenses 2012: $106,2082012Expenses 2013: $109,3422013Revenue 2014: $358,872Expenses 2014: $121,968Net Income 2014: $236,9042014Revenue 2015: $327,040Expenses 2015: $159,704Net Income 2015: $167,3362015Revenue 2016: $139,430Expenses 2016: $271,195Net Income 2016: -$131,7652016Revenue 2017: $160,127Expenses 2017: $113,812Net Income 2017: $46,3152017Revenue 2018: $244,017Expenses 2018: $127,225Net Income 2018: $116,7922018Revenue 2019: $307,772Expenses 2019: $163,595Net Income 2019: $144,1772019Revenue 2020: $237,557Expenses 2020: $179,473Net Income 2020: $58,0842020Revenue 2021: $339,643Expenses 2021: $135,553Net Income 2021: $204,0902021Revenue 2022: $226,085Expenses 2022: $237,191Net Income 2022: -$11,1062022Revenue 2023: $252,508Expenses 2023: $224,126Net Income 2023: $28,3822023Revenue 2024: $197,121Expenses 2024: $219,365Net Income 2024: -$22,2442024Revenue 2025: $521,283Expenses 2025: $343,929Net Income 2025: $177,3542025

Highlighted filing

2017

Revenue$160,127
Expenses$113,812
Net Income$46,315
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Aug 24, 2017
Return Version
2016v3.0
Gross Receipts
$177,018
Mission and Program Overview

Mission

The foundation's primary mission is to support olney central college, its staff and students.

The foundation's purpose is to assist olney central college, a member of the illinois eastern community colleges, in its educational goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,255,025$2,637,465▲ $382,440
Investments Other Securities$184,625$184,625→ $0
Cash and Non-Interest-Bearing Accounts$4,798$47,169▲ $42,371
Savings and Temporary Cash Investments$84,447$33,722▼ $50,725
Prepaid Expenses and Deferred Charges-$1,745-
Total Assets$2,528,895$2,904,726▲ $375,831
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,144,607$1,436,137▲ $291,530
Permanently Rstr Net Assets$867,997$867,997→ $0
Unrestricted Net Assets$516,291$600,592▲ $84,301
Total Net Assets Fund Balance$2,528,895$2,904,726▲ $375,831
Total Liabilities and Net Assets / Fund Balance$2,528,895$2,904,726▲ $375,831

Asset Categories

AssetBook ValueDepreciationBasis
Closely Held Equity Interests$184,625--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$2,012,604$53,099▲ $309,107$26,971$2,304,134
2015$2,225,490$13,528▼ $39,096$72,995$2,012,604
2014$2,233,425$34,396▲ $54,660$36,229$2,225,490
2013$1,765,073$193,921▲ $347,009$27,433$2,233,425
2012$1,592,432$7,883▲ $217,673$20,488$1,765,073
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Bart ZuberPresident
Bruce PetersVice President
Amanda SchlickDirector
Andy HIresDirector
Brenda GloverDirector
Chelsea RudeDirector
Gary HouchinDirector
Larry MillerdIRECTOR
Lynsie WeilerDireCTOR
Mallory FairlessDirector
Michael HillDirector
Sherry BrauerDirector
Tara LemkeDirector
Walter KoertgeDirector
Jason DorisSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$81,212
Program Service Revenue
$0
Investment Income
$74,256
Other Revenue
$4,659
All Other Contributions
$81,212
Change in Net Assets
$46,315

Audited Revenue Reconciliation

Revenue per Audited Statements
$162,250
Revenue Not Reported on Financial Statements
$-2,123
Revenue Not Reported on Form 990
$329,516
Other Revenue Adjustments
$-2,123
Total Revenue per Audited Statements
$491,766
Total Revenue per Form 990
$160,127
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$98,152
Other Expenses$15,660
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$51,647--$51,647
Grants to Domestic Individuals$46,505--$46,505
Fees for Services Accounting-$9,700-$9,700
Office Expenses-$4,293-$4,293
Insurance-$1,590-$1,590
Other Expenses-$77-$77
Total Functional Expenses$98,152$15,660$0$113,812

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$115,935
Expenses per Audited Statements$113,812
Total Expenses per Form 990$113,812
Expenses Not Reported on Form 990$2,123
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Illinois Eastern Community CollegeOlney, IL-To Assist With Education$51,647
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,543
Fundraising Direct Expenses$2,123
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“If separate committee meetings are held, the discussions of the committee are stated at the full board meeting and recorded in the minutes of that meeting.”

Form 990, Part VI, Section B, line 11B

“The president of the foundation board reviews the form 990 before it is filed.”

Form 990, Part VI, Section C, line 18

“Our organizing documents and exempt filings are available to the public upon request. Our exempt filings are also available on the illinois attorney general's website.”

Form 990, Part VI, Section C, line 19

“Our governing documents and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Olney Central College Foundation
EIN
23-7117220
Phone
6183957777
Address
305 NORTH WEST STREET, OLNEY, IL 62450

Signing Officer

Name
Jason Doris
Title
secretary/treasurer
Phone
6183957777
Signed
2017-08-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bartley Zuber
Formed
1971
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
20

Preparer

Firm
Kemper CPA Group Llp
Address
1213 S West Street, Olney, IL 62450
Preparer
Ryan Hawkins
Phone
6183952105
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The foundation did not change its oversight process or selection process during the year.”

Financial Statement Notes

Part V, Line 4:

“The endowment funds are used to provide scholarships to students, supplies to specific departments or funds for student activities depending on the requirements of the donor.”

Part X, Line 2:

“The Foundation has evaluated their exposure resulting from uncertain tax positions according to FASB ASC 740-10, Accounting for Uncertainty in Income Taxes, and determined their exposure is not material to the financial statements. Therefore, these financial statements do not include a liability for unrecognized tax positions. Upon recognition of a liability for an unrecognized tax benefit the Foundation would recognize interest accrued in interest expense and penalties in operating expenses.”

Part XI, Line 4B - Other Adjustments:

“Fundraising Expenses -2,123.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Expenses 2,123.”

Raw XML AppendixShowing 400 of 500 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt10dIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DireCTOR
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IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04293
IRS990/OfficeExpensesGrp/TotalAmt04293
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0miscellaneous
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt077
IRS990/OtherExpensesGrp/TotalAmt077
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0867997
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0867997
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01745
IRS990/PrincipalOfficerNm0Bartley Zuber
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0CLASSROOM SUPPLIES MONIES ARE DISTRIBUTED ON A REQUESTED BASIS TO HELP FUND EQUIPMENT PURCHASES AS WELL AS OTHER EXPENSES FOR VARIOUS DEPARTMENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt047638
IRS990/ProgSrvcAccomActy2Grp/GrantAmt047638
IRS990/ProgSrvcAccomActy3Grp/Desc0STUDENT ACTIVITY MONIES ARE DISTRIBUTED ON A REQUESTED BASIS TO HELP FUND STUDENT RECRUITMENT ACTIVITIES AS WELL AS VARIOUS OTHER ACTIVITIES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt04009
IRS990/ProgSrvcAccomActy3Grp/GrantAmt04009
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt046939
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0255627
IRS990/PYInvestmentIncomeAmt086066
IRS990/PYOtherExpensesAmt015568
IRS990/PYOtherRevenueAmt06425
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-131765
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0271195
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0139430
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt046315
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0239
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0239
IRS990/SavingsAndTempCashInvstGrp/BOYAmt084447
IRS990/SavingsAndTempCashInvstGrp/EOYAmt033722
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE PRESIDENT OF THE SUPPORTED ORGANIZATION SITS ON THE FOUNDATION'S BOARD AS AN EX-OFFICIO MEMBER. THE RECORDING SECRETARY OF THE BOARD IS AN EMPLOYEE OF THE SUPPORTED ORGANIZATION. THE SUPPORTING ORGANIZATION MAKES REQUESTS FOR SPECIFIC FUNDING TO PROGRAMS OR DEPARTMENTS MOST IN NEED DUE TO BUDGET CONSTRAINTS OR OTHER FINANCIAL CRITERIA.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The organization provides funding to Olney Central College for various programs and scholarships.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section D, Line 2:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section E, Line 1c:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0370906196
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt051647
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ILLINOIS EASTERN COMMUNITY COLLEGES
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt051647
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt0184625
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0F
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02012604
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt053099
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02304134
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt043705
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0309107
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt026971
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02225490
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt013528
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02012604
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0114323
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-39096
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt072995
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02233425
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt034396
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02225490
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt060762
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt054660
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt036229
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01765073
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0193921
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02233425
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt045145
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0347009
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt027433
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01592432
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt07883
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01765073
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt032427
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0217673
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt020488
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt02123
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0113812
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0329516
IRS990ScheduleD/OtherExpensesIncludedAmt02123
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-2123
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.37670
IRS990ScheduleD/RevenueNotReportedAmt0329516
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-2123
IRS990ScheduleD/RevenueSubtotalAmt0162250
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS, SUPPLIES TO SPECIFIC DEPARTMENTS OR FUNDS FOR STUDENT ACTIVITIES DEPENDING ON THE REQUIREMENTS OF THE DONOR.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Foundation has evaluated their exposure resulting from uncertain tax positions according to FASB ASC 740-10, Accounting for Uncertainty in Income Taxes, and determined their exposure is not material to the financial statements. Therefore, these financial statements do not include a liability for unrecognized tax positions. Upon recognition of a liability for an unrecognized tax benefit the Foundation would recognize interest accrued in interest expense and penalties in operating expenses.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Fundraising Expenses -2,123.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Fundraising Expenses 2,123.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.62330
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0184625
IRS990ScheduleD/TotalExpensesPerForm990Amt0113812
IRS990ScheduleD/TotalRevenuePerForm990Amt0160127
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0491766
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0115935
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt046505
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GRANTS TO ASSIST WITH COMMUNITY COLLEGE EDUCATION.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt047
IRS990ScheduleI/RecipientTable/CashGrantAmt051647
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ASSIST WITH EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ILLINOIS EASTERN COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0370906196
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0305 N WEST ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0OLNEY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd062450
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FUNDS THAT ARE PAID DIRECTLY TO THE COLLEGE ARE DEPOSITED IN THE COLLEGE'S ACCOUNT FOR THAT SPECIFIC DEPARTMENT. MONIES IN THOSE ACCOUNTS ARE SPENT WITH THE APPROVAL OF THE DEPARTMENT SUPERVISOR AND THE COLLEGE'S ADMINISTRATION. GRANTS PAID DIRECTLY TO INDIVIDUALS ARE NOT MONITORED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,904,726
Liabilities
$0
Net assets
$2,904,726
Revenue
$160,127
Expenses
$113,812
Net income
$46,315
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.47$0.01$4.47$0.52$0.34$0.18
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.15$0.00$4.15$0.20$0.22$0.02
2023Detailed filing. Detailed filing data is available for this year.$3.70$0.00$3.70$0.25$0.22$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.38$0.00$3.38$0.23$0.24$0.01
2021Detailed filing. Detailed filing data is available for this year.$4.03$0.00$4.03$0.34$0.14$0.20
2020Detailed filing. Detailed filing data is available for this year.$3.29$0.00$3.29$0.24$0.18$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.20$0.00$3.20$0.31$0.16$0.14
2018Detailed filing. Detailed filing data is available for this year.$3.13$0.00$3.13$0.24$0.13$0.12
2017Detailed filing. Detailed filing data is available for this year.$2.90$0.00$2.90$0.16$0.11$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.53$0.00$2.53$0.14$0.27$0.13
2015Detailed filing. Detailed filing data is available for this year.$2.79$0.00$2.79$0.33$0.16$0.17
2014Detailed filing. Detailed filing data is available for this year.$2.79$0.00$2.79$0.36$0.12$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.00$2.23$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$0.00$2.00$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.00$1.43$0.07