Civic Intelligence

Triton College Foundation

990 • Fiscal year 2017 • EIN 36-3089812

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 13, 2017

Organization ProfileWWW.TRITON.EDU
2000 Fifth AvenueRiver Grove, IL 60171

(708) 456-0300

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

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

Liabilities / Revenue

34th percentile

0.04x

Higher debt load relative to revenue than 34% of similar nonprofits.

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

Net Margin

87th percentile

35%

Higher net margin than 87% 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

86th percentile

31%

Faster asset growth than 86% of similar nonprofits.

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

Revenue Growth

88th percentile

61%

Faster revenue growth than 88% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$1,271,085

Up $300,815 (+31%) from 2016

Net Assets

Up

$1,244,688

Up $277,603 (+29%) from 2016

Liabilities

Up

$26,397

Up $23,212 (+729%) from 2016

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin87th percentile

Revenue

Up

$645,919

Up $244,663 (+61%) from 2016

Expenses

Up

$417,301

Up $1,271 (+0.3%) from 2016

Net Income

Up

$228,618

Up $243,392 (+1647%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $881,109Liabilities 2011: $3,393Net Assets 2011: $877,7162011Assets 2012: $860,025Liabilities 2012: $5,852Net Assets 2012: $854,1732012Assets 2013: $1,032,433Liabilities 2013: $267,225Net Assets 2013: $765,2082013Assets 2014: $1,087,589Liabilities 2014: $1,812Net Assets 2014: $1,085,7772014Assets 2015: $1,044,676Liabilities 2015: $2,439Net Assets 2015: $1,042,2372015Assets 2016: $970,270Liabilities 2016: $3,185Net Assets 2016: $967,0852016Assets 2017: $1,271,085Liabilities 2017: $26,397Net Assets 2017: $1,244,6882017Assets 2018: $1,609,221Liabilities 2018: $22,398Net Assets 2018: $1,586,8232018Assets 2019: $1,663,027Liabilities 2019: $53,532Net Assets 2019: $1,609,4952019Assets 2020: $1,650,414Liabilities 2020: $170,943Net Assets 2020: $1,479,4712020Assets 2021: $1,700,211Liabilities 2021: $120,085Net Assets 2021: $1,580,1262021Assets 2022: $1,570,698Liabilities 2022: $44,333Net Assets 2022: $1,526,3652022Assets 2023: $1,585,370Liabilities 2023: $35,199Net Assets 2023: $1,550,1712023Assets 2024: $1,782,737Liabilities 2024: $50,917Net Assets 2024: $1,731,8202024Assets 2025: $2,108,066Liabilities 2025: $50,862Net Assets 2025: $2,057,2042025

Highlighted filing

2017

Assets$1,271,085
Liabilities$26,397
Net Assets$1,244,688
Open 2017 Filing

Operations Trend

Revenue Growth88th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $489,2412011Expenses 2012: $545,2122012Expenses 2013: $550,0542013Revenue 2014: $199,679Expenses 2014: $190,251Net Income 2014: $9,4282014Revenue 2015: $447,076Expenses 2015: $438,269Net Income 2015: $8,8072015Revenue 2016: $401,256Expenses 2016: $416,030Net Income 2016: -$14,7742016Revenue 2017: $645,919Expenses 2017: $417,301Net Income 2017: $228,6182017Revenue 2018: $680,534Expenses 2018: $332,703Net Income 2018: $347,8312018Revenue 2019: $518,238Expenses 2019: $478,591Net Income 2019: $39,6472019Revenue 2020: $209,839Expenses 2020: $269,444Net Income 2020: -$59,6052020Revenue 2021: $254,989Expenses 2021: $331,278Net Income 2021: -$76,2892021Revenue 2022: $86,689Expenses 2022: $140,450Net Income 2022: -$53,7612022Revenue 2023: $280,557Expenses 2023: $256,751Net Income 2023: $23,8062023Revenue 2024: $346,695Expenses 2024: $165,046Net Income 2024: $181,6492024Revenue 2025: $454,322Expenses 2025: $128,938Net Income 2025: $325,3842025

Highlighted filing

2017

Revenue$645,919
Expenses$417,301
Net Income$228,618
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 13, 2017
Return Version
2016v3.0
Gross Receipts
$689,736
Mission and Program Overview

Mission

Triton college foundation (the "foundation") is a nonprofit organization whose purpose is to assist in the furtherance of education activities and objectives at triton college, community college district no. 504 (the "college"). The foundation receives, administers, and distributes funds to the college for various grants and scholarships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$812,507$904,861▲ $92,354
Cash and Non-Interest-Bearing Accounts$155,368$361,417▲ $206,049
Accounts Receivable$2,395$4,807▲ $2,412
Total Assets$970,270$1,271,085▲ $300,815
Liabilities
Accounts Payable and Accrued Expenses$1,322$24,534▲ $23,212
Other Liabilities$1,863$1,863→ $0
Total Liabilities$3,185$26,397▲ $23,212
Net Assets / Fund Balance
Unrestricted Net Assets$660,736$752,795▲ $92,059
Temporarily Rstr Net Assets$286,230$446,774▲ $160,544
Permanently Rstr Net Assets$20,119$45,119▲ $25,000
Total Net Assets Fund Balance$967,085$1,244,688▲ $277,603
Total Liabilities and Net Assets / Fund Balance$970,270$1,271,085▲ $300,815

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$20,119$25,000--$45,119
2015$20,119---$20,119
2014$20,119---$20,119
2013$20,119---$20,119
2012$20,119---$20,119
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Thomas OlsonPresident
Al BiancalanaDirector
Archawee DhamavasiDirector
Colleen MazzucaDirector
David J KingDirector
Denise Smith-gaboritDirector
John CaderoDirector
John HarrisDirector
Mark R StephensDirector
Mary-rita MooreDirector
Michael CastellanDirector
Michael MazzaDirector
Ronald M SerpicoCharter Dire
Bart SmithSecretary
Sean SullivanTreasurer
Richard F PellegrinoVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$616,369
Program Service Revenue
$0
Investment Income
$37,750
Other Revenue
$-8,200
All Other Contributions
$533,261
Change in Net Assets
$228,618

Audited Revenue Reconciliation

Revenue per Audited Statements
$637,279
Revenue Not Reported on Financial Statements
$8,640
Revenue Not Reported on Form 990
$92,809
Total Revenue per Audited Statements
$730,088
Total Revenue per Form 990
$645,919
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$340,492
Salaries, Compensation, and Employee Benefits$46,275
Other Expenses$30,534
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$274,727--$274,727
Grants to Domestic Individuals$65,765--$65,765
Other Salaries and Wages-$46,275-$46,275
Fees for Service Investment Mgmnt Fees-$8,640-$8,640
Fees for Services Legal-$5,000-$5,000
Office Expenses-$2,081-$2,081
Other Expenses-$1,512-$1,512
Insurance-$1,500-$1,500
Total Functional Expenses$340,492$76,809$0$417,301

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$452,478
Total Expenses per Form 990$417,301
Expenses per Audited Statements$408,661
Expenses Not Reported on Form 990$43,817
Expenses Not Reported on Financial Statements$8,640
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Triton CollegeRiver Grove, IL3Educational$274,727
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$43,817
Fundraising Gross Income$35,617
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$70,951$21,285$22,183$-898
Presidential Re$47,774$14,332$21,634$-7,302
Total Events$118,725$35,617$43,817$-8,200
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$1,863
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“An independent certified public accounting firm (cpa) prepares the foundation's form 990 and submits the form to the foundation's management staff for review. An electronic copy of the form is also provided to all members of the board for review. Questions and comments on the form by the executive director and board members are directed back to the cpa for resolution. After all discussion points are resolved, the forms are finalized and provided to the treasurer for final review and signature. The form 990 is also attached to the illinois form ag-990-il which requires signatures of two officers. This provides the opportunity for a final review by a second officer.”

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

“The disclosures are managed and reinforced by management.”

Form 990, Page 6, Part VI, Line 15A

“Compensation is approved by the board of directors”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Triton College Foundation
EIN
36-3089812
Address
2000 FIFTH AVENUE, RIVER GROVE, IL 60171

Signing Officer

Name
Sean Sullivan
Title
Treasurer
Signed
2017-09-13

Organization Details

Principal Officer
Thomas Olson
Formed
1980
Legal Domicile
Il
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
16

Preparer

Firm
Kutchins Robbins & Diamond Ltd
Address
1101 PERIMETER DR STE 760, SCHAUMBURG, IL 60173
Preparer
Chad Porter
Phone
8472401040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Triton college foundation (the "foundation") is a nonprofit organization whose purpose is to assist in the furtherance of education activities and objectives at triton college, community college district no. 504 (the "college"). The foundation receives, administers, and distributes funds to the college for various grants and scholarships.”

Form 990, Part XI, Line 9

“Special event expenses 43,817 special event expenses -43,817”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Endowment funds are to be held in perpetuity and investment income is to be utilized for the foundation's mission.”

Schedule D, Page 4, Part XI, Line 2D

“Special event expenses 43,817”

Schedule D, Page 4, Part XII, Line 2D

“Special event expenses 43,817”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS ARE TO BE HELD IN PERPETUITY AND INVESTMENT INCOME IS TO BE UTILIZED FOR THE FOUNDATION'S MISSION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES 43,817
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSES 43,817
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TRITON COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0362537114
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IRS990ScheduleI/RecipientTable/USAddress/CityNm0RIVER GROVE
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION REIMBURSES TUITION AND FEES DIRECTLY TO TRITON COLLEGE FOR QUALIFYING STUDENTS AFTER VERIFYING ENROLLMENT WITH THE COLLEGE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRITON COLLEGE FOUNDATION (THE "FOUNDATION") IS A NONPROFIT ORGANIZATION WHOSE PURPOSE IS TO ASSIST IN THE FURTHERANCE OF EDUCATION ACTIVITIES AND OBJECTIVES AT TRITON COLLEGE, COMMUNITY COLLEGE DISTRICT NO. 504 (THE "COLLEGE"). THE FOUNDATION RECEIVES, ADMINISTERS, AND DISTRIBUTES FUNDS TO THE COLLEGE FOR VARIOUS GRANTS AND SCHOLARSHIPS.

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Filings

Displayed year

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

Open filing
Assets
$1,271,085
Liabilities
$26,397
Net assets
$1,244,688
Revenue
$645,919
Expenses
$417,301
Net income
$228,618
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.05$2.06$0.45$0.13$0.33
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.78$0.05$1.73$0.35$0.17$0.18
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.04$1.55$0.28$0.26$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$0.04$1.53$0.09$0.14$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.12$1.58$0.25$0.33$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.65$0.17$1.48$0.21$0.27$0.06
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.05$1.61$0.52$0.48$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.61$0.02$1.59$0.68$0.33$0.35
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.03$1.24$0.65$0.42$0.23
2016Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.40$0.42$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.45$0.44$0.01
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.00$1.09$0.20$0.19$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.27$0.77$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.01$0.85$0.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.00$0.88$0.49