Civic Intelligence

Kankakee Community College Foundation

990 • Fiscal year 2019 • EIN 26-2126437

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 25, 2019

100 College DriveKankakee, IL 60901

(815) 802-8100

Siviq Scores

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

Liabilities / Assets

17th percentile

0.01x

Higher debt load relative to assets than 17% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

19th percentile

0.03x

Higher debt load relative to revenue than 19% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

97th percentile

83%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

84th percentile

22%

Faster asset growth than 84% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

96th percentile

157%

Faster revenue growth than 96% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$9,159,024

Up $1,628,577 (+22%) from 2018

Net Assets

Up

$9,083,317

Up $1,664,024 (+22%) from 2018

Liabilities

Down

$75,707

Down $35,447 (-32%) from 2018

Revenue

Up

$2,341,256

Up $1,431,882 (+157%) from 2018

Expenses

Down

$391,319

Down $39,676 (-9.2%) from 2018

Net Income

Up

$1,949,937

Up $1,471,558 (+308%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2017: $6,845,275Liabilities 2017: $127,627Net Assets 2017: $6,717,6482017Assets 2018: $7,530,447Liabilities 2018: $111,154Net Assets 2018: $7,419,2932018Assets 2019: $9,159,024Liabilities 2019: $75,707Net Assets 2019: $9,083,3172019Assets 2020: $8,593,324Liabilities 2020: $55,930Net Assets 2020: $8,537,3942020Assets 2021: $10,799,723Liabilities 2021: $285,111Net Assets 2021: $10,514,6122021Assets 2022: $9,818,993Liabilities 2022: $291,637Net Assets 2022: $9,527,3562022Assets 2023: $10,080,573Liabilities 2023: $193,928Net Assets 2023: $9,886,6452023Assets 2024: $11,188,829Liabilities 2024: $142,420Net Assets 2024: $11,046,4092024Assets 2025: $12,029,695Liabilities 2025: $44,666Net Assets 2025: $11,985,0292025

Highlighted filing

2019

Assets$9,159,024
Liabilities$75,707
Net Assets$9,083,317

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $826,487Expenses 2017: $687,828Net Income 2017: $138,6592017Revenue 2018: $909,374Expenses 2018: $430,995Net Income 2018: $478,3792018Revenue 2019: $2,341,256Expenses 2019: $391,319Net Income 2019: $1,949,9372019Revenue 2020: $1,990,524Expenses 2020: $1,936,964Net Income 2020: $53,5602020Revenue 2021: $939,729Expenses 2021: $599,070Net Income 2021: $340,6592021Revenue 2022: $864,240Expenses 2022: $264,055Net Income 2022: $600,1852022Revenue 2023: $576,926Expenses 2023: $892,989Net Income 2023: -$316,0632023Revenue 2024: $1,636,785Expenses 2024: $777,203Net Income 2024: $859,5822024Revenue 2025: $957,750Expenses 2025: $582,641Net Income 2025: $375,1092025

Highlighted filing

2019

Revenue$2,341,256
Expenses$391,319
Net Income$1,949,937
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 25, 2019
Return Version
2018v3.1
Gross Receipts
$5,114,148
Mission and Program Overview

Mission

Scholarships and financial assistance to promote educational opportunities at kankakee community college

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,191,716$7,675,253▲ $3,483,537
Savings and Temporary Cash Investments$992,355$972,216▼ $20,139
Investments Other Securities$2,325,249$499,971▼ $1,825,278
Prepaid Expenses and Deferred Charges$225$2,631▲ $2,406
Pledges and Grants Receivable$16,703$653▼ $16,050
Total Assets$7,530,447$9,159,024▲ $1,628,577
Other Assets Total$4,199$8,300▲ $4,101
Liabilities
Other Liabilities$96,920$74,007▼ $22,913
Accounts Payable and Accrued Expenses$14,234$1,700▼ $12,534
Total Liabilities$111,154$75,707▼ $35,447
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,813,952$4,448,427▲ $634,475
Temporarily Rstr Net Assets$3,300,332$4,151,292▲ $850,960
Unrestricted Net Assets$305,009$483,598▲ $178,589
Total Net Assets Fund Balance$7,419,293$9,083,317▲ $1,664,024
Total Liabilities and Net Assets / Fund Balance$7,530,447$9,159,024▲ $1,628,577

Asset Categories

AssetBook ValueDepreciationBasis
Financial Derivatives$499,971--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$7,114,283$1,634,111▲ $58,015$206,690$8,599,719
2017$6,441,238$509,560▲ $428,493$265,008$7,114,283
2016$6,179,338$220,136▲ $483,967$442,203$6,441,238
2015$6,408,634$301,850▼ $177,784$353,362$6,179,338
2014$6,263,901$261,929▲ $97,114$214,310$6,408,634
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steve SmithChairman
Maggie FroggeVice-chairwo
Barb DeckerDirector
Brad HoveDirector
Dr Kay GreenDirector
Jeff HammesDirector
Jimmy JoinesDirector
John KeigherDirector
Lisa DuganDirector
Maureen PowellDirector
Michael LynchDirector
Michael MaloneyDirector
Patt ViltDirector
Robert De OliveiraDirector
Rod BurkettDirector
Scott FrancoDirector
Walter Hasselbring IiiDirector
Mark SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,831,016
Program Service Revenue
$0
Investment Income
$510,194
Other Revenue
$46
All Other Contributions
$1,831,016
Change in Net Assets
$1,949,937

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$28,926
Total Noncash Contributions1$28,926

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,296,420
Revenue Not Reported on Financial Statements
$44,836
Revenue Not Reported on Form 990
$-134,277
Total Revenue per Audited Statements
$2,162,143
Total Revenue per Form 990
$2,341,256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$221,526
Other Expenses$169,793
Total Fundraising Expense$51,193
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$173,186--$173,186
Grants to Domestic Orgs$48,340--$48,340
Fees for Service Investment Mgmnt Fees$44,836--$44,836
Office Expenses-$28,926$7,894$36,820
Other Expenses-$712$6,388$7,100
All Other Expenses-$7,072-$7,072
Fees for Services Accounting-$6,615-$6,615
Insurance-$2,420-$2,420
Total Functional Expenses$266,362$73,764$51,193$391,319

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$498,120
Total Expenses per Form 990$391,319
Expenses per Audited Statements$346,483
Expenses Not Reported on Form 990$151,637
Expenses Not Reported on Financial Statements$44,836
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Special ProjectsKankakee, IL-Program & Campus Imp$48,340
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Kcc$74,007
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the foundation's executive director and the finance department of kankakee community college before submission to the officers of the foundation. The officers then review and sign the return.

Form 990, Page 6, Part VI, Line 12C

Board members are requested to complete a conflict of interest statement annually.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request at the offices of kankakee community college district 520.

Filing and Contact Details

Filer

Filer Name
Kankakee Comm Coll Foundation Inc
EIN
26-2126437
Phone
8158028100
Address
100 COLLEGE DRIVE, KANKAKEE, IL 60901

Signing Officer

Name
Maggie Frogge
Title
Vice-chairwoman
Phone
8158028100
Signed
2019-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Smith
Formed
2008
Legal Domicile
Il
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
37

Preparer

Firm
Groskreutz Abraham Eshleman Gerretse LLC
Address
1949 W COURT ST, KANKAKEE, IL 60901
Preparer
Dale L Gerretse
Phone
8159337781
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IRS990/OtherExpensesGrp/Desc1DONOR CULTIVATION
IRS990/OtherExpensesGrp/Desc2CONTINUING EDUCATION
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt036911
IRS990/OtherExpensesGrp/FundraisingAmt16388
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt017343
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110676
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2712
IRS990/OtherExpensesGrp/TotalAmt036911
IRS990/OtherExpensesGrp/TotalAmt117343
IRS990/OtherExpensesGrp/TotalAmt210676
IRS990/OtherExpensesGrp/TotalAmt37100
IRS990/OtherLiabilitiesGrp/BOYAmt096920
IRS990/OtherLiabilitiesGrp/EOYAmt074007
IRS990/OtherRevenueMiscGrp/Desc0GRANTS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt046
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt046
IRS990/OtherRevenueTotalAmt046
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03813952
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt04448427
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt016703
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0653
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0225
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02631
IRS990/PrincipalOfficerNm0STEVE SMITH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0ESTABLISH LEGACY GIFTS THAT PERPETUATE QUALITY EDUCATION FOR FUTURE GENERATIONS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt048340
IRS990/ProgSrvcAccomActy2Grp/GrantAmt048340
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0558672
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0311612
IRS990/PYInvestmentIncomeAmt0350246
IRS990/PYOtherExpensesAmt0119383
IRS990/PYOtherRevenueAmt0456
IRS990/PYRevenuesLessExpensesAmt0478379
IRS990/PYTotalExpensesAmt0430995
IRS990/PYTotalRevenueAmt0909374
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01949937
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0992355
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0972216
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01831016
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0558672
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0469524
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0402902
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0613858
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03875972
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0210355
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0162918
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0133784
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0159708
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0152570
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0819335
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0373775
IRS990ScheduleA/PublicSupportCY170Pct00.82550
IRS990ScheduleA/PublicSupportPY170Pct00.80790
IRS990ScheduleA/PublicSupportTotal170Amt03875972
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01831016
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0558672
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0469524
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0402902
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0613858
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03875972
IRS990ScheduleA/TotalSupportAmt04695307
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/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt07114283
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01634111
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt08599719
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt058015
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0206690
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt06441238
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0509560
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt07114283
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0428493
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0265008
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt06179338
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0220136
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt06441238
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0483967
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0442203
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt06408634
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0301850
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt06179338
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-177784
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0353362
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt06263901
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0261929
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt06408634
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt097114
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0214310
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0151637
IRS990ScheduleD/DonatedServicesUseFcltsAmt0151637
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0151637
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt044836
IRS990ScheduleD/ExpensesSubtotalAmt0346483
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt0499971
IRS990ScheduleD/FinancialDerivativesGrp/MethodValuationCd0F
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt044836
IRS990ScheduleD/InvestmentExpensesNotIncldAmt044836
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-285914
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt074007
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO KCC
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.05170
IRS990ScheduleD/RevenueNotReportedAmt0-134277
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt044836
IRS990ScheduleD/RevenueSubtotalAmt02296420
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.94830
IRS990ScheduleD/TotalBookValueSecuritiesAmt0499971
IRS990ScheduleD/TotalExpensesPerForm990Amt0391319
IRS990ScheduleD/TotalLiabilityAmt074007
IRS990ScheduleD/TotalRevenuePerForm990Amt02341256
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02162143
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0498120
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0173186
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0183
IRS990ScheduleI/RecipientTable/CashGrantAmt048340
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM & CAMPUS IMP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SPECIAL PROJECTS
IRS990ScheduleI/RecipientTable/RecipientEIN0362612340
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0100 COLLEGE DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0KANKAKEE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060901
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION MONITORS DISBURSEMENTS OF ITS SCHOLARSHIP MONIES THROUGH THE FINANCIAL AID OFFICE AT KANKAKEE COMMUNITY COLLEGE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false

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