Civic Intelligence

Black Hawk College Foundation

990 • Fiscal year 2020 • EIN 36-3240562

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 19, 2021

6600 34th AvenueMoline, IL 61265

(309) 796-5052

Siviq Scores

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

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

18th percentile

0.03x

Higher debt load relative to revenue than 18% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

96th percentile

79%

Higher net margin than 96% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

34th percentile

$84,676

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

79th percentile

27%

Faster asset growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

80th percentile

26%

Faster revenue growth than 80% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$6,582,739

Up $1,394,249 (+27%) from 2019

Net Assets

Up

$6,532,173

Up $1,373,310 (+27%) from 2019

Liabilities

Up

$50,566

Up $20,939 (+71%) from 2019

Revenue

Up

$1,454,172

Up $297,678 (+26%) from 2019

Expenses

Up

$300,259

Up $83,171 (+38%) from 2019

Net Income

Up

$1,153,913

Up $214,507 (+23%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $2,225,187Liabilities 2011: $35,711Net Assets 2011: $2,189,4762011Assets 2012: $2,454,406Liabilities 2012: $5,847Net Assets 2012: $2,448,5592012Assets 2013: $2,797,583Liabilities 2013: $12,212Net Assets 2013: $2,785,3712013Assets 2014: $3,203,847Liabilities 2014: $11,261Net Assets 2014: $3,192,5862014Assets 2015: $3,247,939Liabilities 2015: $3,837Net Assets 2015: $3,244,1022015Assets 2016: $3,423,065Liabilities 2016: $25,135Net Assets 2016: $3,397,9302016Assets 2017: $3,729,727Liabilities 2017: $26,112Net Assets 2017: $3,703,6152017Assets 2018: $4,095,990Liabilities 2018: $30,640Net Assets 2018: $4,065,3502018Assets 2019: $5,188,490Liabilities 2019: $29,627Net Assets 2019: $5,158,8632019Assets 2020: $6,582,739Liabilities 2020: $50,566Net Assets 2020: $6,532,1732020Assets 2021: $7,903,261Liabilities 2021: $230,947Net Assets 2021: $7,672,3142021Assets 2022: $7,091,035Liabilities 2022: $472,848Net Assets 2022: $6,618,1872022Assets 2023: $7,292,975Liabilities 2023: $85,906Net Assets 2023: $7,207,0692023Assets 2024: $8,048,283Liabilities 2024: $31,884Net Assets 2024: $8,016,3992024

Highlighted filing

2020

Assets$6,582,739
Liabilities$50,566
Net Assets$6,532,173

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $158,5542011Expenses 2012: $147,8412012Expenses 2013: $155,9572013Revenue 2014: $459,888Expenses 2014: $187,644Net Income 2014: $272,2442014Revenue 2015: $343,876Expenses 2015: $158,867Net Income 2015: $185,0092015Revenue 2016: $349,465Expenses 2016: $203,559Net Income 2016: $145,9062016Revenue 2017: $307,961Expenses 2017: $205,810Net Income 2017: $102,1512017Revenue 2018: $1,306,795Expenses 2018: $194,731Net Income 2018: $1,112,0642018Revenue 2019: $1,156,494Expenses 2019: $217,088Net Income 2019: $939,4062019Revenue 2020: $1,454,172Expenses 2020: $300,259Net Income 2020: $1,153,9132020Revenue 2021: $675,283Expenses 2021: $319,210Net Income 2021: $356,0732021Revenue 2022: $741,192Expenses 2022: $294,436Net Income 2022: $446,7562022Revenue 2023: $756,720Expenses 2023: $278,881Net Income 2023: $477,8392023Revenue 2024: $264,369Expenses 2024: $321,992Net Income 2024: -$57,6232024

Highlighted filing

2020

Revenue$1,454,172
Expenses$300,259
Net Income$1,153,913
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 19, 2021
Return Version
2019v5.2
Gross Receipts
$4,361,830
Mission and Program Overview

Mission

The primary purpose of the foundation is to provide for and carry on such activities to allow the growth, expansion, and development of black hawk college, quad-cities campus and other quad-cities facilities.

To provide for & carry on such activities to allow the growth, expansion, & development of black hawk college, quad-cities campus and other quad-cities facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,793,282$5,281,073▲ $1,487,791
Pledges and Grants Receivable$825,608$910,189▲ $84,581
Savings and Temporary Cash Investments$310,270$335,158▲ $24,888
Land, Buildings, and Equipment, Net$45,000$45,000→ $0
Total Assets$5,188,490$6,582,739▲ $1,394,249
Other Assets Total$214,330$11,319▼ $203,011
Liabilities
Accounts Payable and Accrued Expenses$13,849$31,333▲ $17,484
Other Liabilities$15,778$19,233▲ $3,455
Total Liabilities$29,627$50,566▲ $20,939
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,563,665$5,902,368▲ $1,338,703
Net Assets Without Donor Restrictions$595,198$629,805▲ $34,607
Total Net Assets Fund Balance$5,158,863$6,532,173▲ $1,373,310
Total Liabilities and Net Assets / Fund Balance$5,188,490$6,582,739▲ $1,394,249

Asset Categories

AssetBook ValueDepreciationBasis
Land$45,000--
Other Securities$114,341--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$4,924,334$1,213,218▲ $300,875-$6,280,380
2018$3,875,832$1,013,937▲ $249,998-$4,924,334
2017$3,532,342$340,342▲ $182,203-$3,875,832
2016$3,295,766$151,471▲ $276,831-$3,532,342
2015$3,148,549$248,454▲ $85,616-$3,295,766
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Maureen DickinsonExecutive DirectorFT$84,676$84,676

Board Members and Trustees

NameTitle
Greg RyckaertChair
Steve LayerVice Chair
Brian NeffDirector
John DalyDirector
Julie GelaudeDirector
Lori PappasDirector
Rico NavarroDirector
Wes LlewellynDirector
Erica Ewert - Hired in 2020Executive Director
Zenaida Landeros - Hired in 2020Executive Director
Dave EmerickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,370,108
Program Service Revenue
$0
Investment Income
$84,064
Other Revenue
$0
All Other Contributions
$1,370,108
Change in Net Assets
$1,153,913

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$11,760Fair Market Value (FMV) Rent Received
Total Noncash Contributions1$11,760-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,454,172
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$219,397
Total Revenue per Audited Statements
$1,673,569
Total Revenue per Form 990
$1,454,172
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$137,289
Salaries, Compensation, and Employee Benefits$121,955
Total Fundraising Expense$49,357
Other Expenses$41,015
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$127,775--$127,775
Other Salaries and Wages$22,519$41,450$30,771$94,740
Other Employee Benefits$4,554$16,676$5,985$27,215
Fees for Services Other$2,047$5,052$6,799$13,898
Grants to Domestic Orgs$9,514--$9,514
Fees for Services Legal-$5,518-$5,518
Office Expenses$456$2,748$1,564$4,768
Other Expenses$0$0$1,000$1,000
Conferences and Meetings$14$64$242$320
Advertising$100--$100
Total Functional Expenses$176,959$73,943$49,357$300,259

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$300,259
Total Expenses per Audited Statements$300,259
Total Expenses per Form 990$300,259
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Black Hawk CollegeMoline, IL-For Programs & Capital Expenses$9,514
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
Scholarship Payable$19,233
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Distributed electronically to all directors. Presented and reviewed by exec/finance committee prior to officer signing return.

Form 990, Part VI, Section B, Line 12C

Leading up to approval of the written policy, the chair of the governance committee defined at board meetings what conflicts could be and the reason for a policy for monitoring conflicts. He reminded board members of disclosure requirements. No known conflicts were reported during fiscal year. The executive and finance committee charged the governance committee with creating the written procedures for implementation of the policy. Going forward, notice of disclosure requirements will be given with the board packets prior to the first meeting of the new fiscal year as well as when a new board member goes through orientation. Each board member will return or sign the written notice annually. The executive and finance committee, in setting the agenda for board meetings, will monitor whether any disclosed conflicts could come into play and will put the board member with the conflict on notice that he or she will be excused from discussion and vote on the matter.

Form 990, Part VI, Section C, Line 19

The foundation follows the rules & regulations of the irs regarding public availability of form 990 as well as any other required documents. The form 990 is available upon request at the foundation's office and published on guidestar.org

Filing and Contact Details

Filer

Filer Name
Black Hawk College Foundation
EIN
36-3240562
Phone
3097965052
Address
6600 34TH AVENUE, MOLINE, IL 61265

Signing Officer

Name
Greg Ryckaert
Title
Chair
Phone
3097965052
Signed
2021-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zenaida Landeros
Formed
1982
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Wipfli Llp
Address
403 EAST THIRD STREET, STERLING, IL 61081
Preparer
Michelle L Heller
Phone
8156261277
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of beneficial interest in trusts 6,015.

Form 990, Page 12

The organization has not changed either its oversight process or selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The foundation qualifies for tax exempt status under section 501(c)(3) of the internal revenue code as a charitable group not organized for profit. Accordingly, no provision for income taxes is included in the financial statements. The foundation accounts for income taxes in accordance with financial accounting standards board accounting for uncertainty income taxes. The standard provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in an enterprise's financial statements and requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. The foundation recorded no liabilities for uncertain tax positions or unrecognized tax benefits.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in value of beneficial interest in trusts 6,015.

Part V, Line 4

The foundation awards scholarships to individuals attending black hawk college & funds to black hawk college for programs & capital expenses & emergency funds to individuals

Raw XML AppendixShowing 400 of 525 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/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PRIMARY PURPOSE OF THE FOUNDATION IS TO PROVIDE FOR AND CARRY ON SUCH ACTIVITIES TO ALLOW THE GROWTH, EXPANSION, AND DEVELOPMENT OF BLACK HAWK COLLEGE, QUAD-CITIES CAMPUS AND OTHER QUAD-CITIES FACILITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NoncashContributionsAmt0150842
IRS990/NondeductibleContributionsInd00
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2REGISTRATION FEES
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL
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IRS990/OtherExpensesGrp/FundraisingAmt1553
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IRS990/OtherExpensesGrp/ProgramServicesAmt22047
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0825608
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ZENAIDA LANDEROS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01071843
IRS990/PYExcessBenefitTransInd00
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IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
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IRS990/ReconcilationRevenueExpnssAmt01153913
IRS990/RegularMonitoringEnfrcInd01
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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0335158
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01370108
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01071843
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0271426
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0231547
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt050
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt02013
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt012314
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.11000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt044300
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04924334
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06280380
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0113747
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0300875
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt067841
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01013937
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/NetUnrealizedGainsInvstAmt0213382
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019233
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SCHOLARSHIP PAYABLE
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt05080678
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt186054
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2114341
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1BENEFICIAL INTEREST IN PERPETUAL TRUST
IRS990ScheduleD/OtherSecuritiesGrp/Desc2BENEFICIAL INTEREST IN CHARITABLE TRUST
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.82000
IRS990ScheduleD/RevenueNotReportedAmt0219397
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01454172
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION QUALIFIES FOR TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A CHARITABLE GROUP NOT ORGANIZED FOR PROFIT. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. THE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING FOR UNCERTAINTY INCOME TAXES. THE STANDARD PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE FOUNDATION RECORDED NO LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS 6,015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION AWARDS SCHOLARSHIPS TO INDIVIDUALS ATTENDING BLACK HAWK COLLEGE & FUNDS TO BLACK HAWK COLLEGE FOR PROGRAMS & CAPITAL EXPENSES & EMERGENCY FUNDS TO INDIVIDUALS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.05$0.03$8.02$0.26$0.32$0.06
2023Detailed filing. Detailed filing data is available for this year.$7.29$0.09$7.21$0.76$0.28$0.48
2022Detailed filing. Detailed filing data is available for this year.$7.09$0.47$6.62$0.74$0.29$0.45
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.90$0.23$7.67$0.68$0.32$0.36
2020Detailed filing. Detailed filing data is available for this year.$6.58$0.05$6.53$1.45$0.30$1.15
2019Detailed filing. Detailed filing data is available for this year.$5.19$0.03$5.16$1.16$0.22$0.94
2018Detailed filing. Detailed filing data is available for this year.$4.10$0.03$4.07$1.31$0.19$1.11
2017Detailed filing. Detailed filing data is available for this year.$3.73$0.03$3.70$0.31$0.21$0.10
2016Detailed filing. Detailed filing data is available for this year.$3.42$0.03$3.40$0.35$0.20$0.15
2015Detailed filing. Detailed filing data is available for this year.$3.25$0.00$3.24$0.34$0.16$0.19
2014Detailed filing. Detailed filing data is available for this year.$3.20$0.01$3.19$0.46$0.19$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.80$0.01$2.79$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.01$2.45$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.04$2.19$0.16