Civic Intelligence

Frontier Community College Foundation

990 • Fiscal year 2022 • EIN 37-1037552

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 13, 2022

Organization ProfileN/A
PO Box 626Fairfield, IL 62837

(618) 842-4954

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.08x

Higher debt load relative to assets than 53% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

85th percentile

0.73x

Higher debt load relative to revenue than 85% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

91st percentile

56%

Higher net margin than 91% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

58th percentile

4.6%

Faster asset growth than 58% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

91st percentile

107%

Faster revenue growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$1,082,282

Up $47,437 (+4.6%) from 2021

Net Assets

Up

$997,169

Up $66,092 (+7.1%) from 2021

Liabilities

Down

$85,113

Down $18,655 (-18%) from 2021

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin91st percentile

Revenue

Up

$116,467

Up $60,127 (+107%) from 2021

Expenses

Up

$51,644

Up $6,059 (+13%) from 2021

Net Income

Up

$64,823

Up $54,068 (+503%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

$1.5M$1.0M$500K$0Assets 2015: $562,330Liabilities 2015: $1,798Net Assets 2015: $560,5322015Assets 2016: $567,577Liabilities 2016: $0Net Assets 2016: $567,5772016Assets 2017: $1,046,103Liabilities 2017: $163,573Net Assets 2017: $882,5302017Assets 2018: $1,026,316Liabilities 2018: $150,000Net Assets 2018: $876,3162018Assets 2019: $1,044,980Liabilities 2019: $140,800Net Assets 2019: $904,1802019Assets 2020: $1,038,916Liabilities 2020: $122,330Net Assets 2020: $916,5862020Assets 2021: $1,034,845Liabilities 2021: $103,768Net Assets 2021: $931,0772021Assets 2022: $1,082,282Liabilities 2022: $85,113Net Assets 2022: $997,1692022Assets 2023: $1,101,574Liabilities 2023: $66,364Net Assets 2023: $1,035,2102023Assets 2024: $1,318,868Liabilities 2024: $47,522Net Assets 2024: $1,271,3462024Assets 2025: $1,492,080Liabilities 2025: $28,584Net Assets 2025: $1,463,4962025

Highlighted filing

2022

Assets$1,082,282
Liabilities$85,113
Net Assets$997,169
Open 2022 Filing

Operations Trend

Revenue Growth91st percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $98,236Expenses 2015: $85,756Net Income 2015: $12,4802015Revenue 2016: $69,047Expenses 2016: $62,002Net Income 2016: $7,0452016Revenue 2017: $638,220Expenses 2017: $323,267Net Income 2017: $314,9532017Revenue 2018: $68,415Expenses 2018: $76,944Net Income 2018: -$8,5292018Revenue 2019: $80,092Expenses 2019: $55,687Net Income 2019: $24,4052019Revenue 2020: $89,297Expenses 2020: $80,459Net Income 2020: $8,8382020Revenue 2021: $56,340Expenses 2021: $45,585Net Income 2021: $10,7552021Revenue 2022: $116,467Expenses 2022: $51,644Net Income 2022: $64,8232022Revenue 2023: $90,123Expenses 2023: $52,082Net Income 2023: $38,0412023Revenue 2024: $287,701Expenses 2024: $51,565Net Income 2024: $236,1362024Revenue 2025: $253,302Expenses 2025: $61,152Net Income 2025: $192,1502025

Highlighted filing

2022

Revenue$116,467
Expenses$51,644
Net Income$64,823
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 13, 2022
Return Version
2021v4.1
Gross Receipts
$133,242
Mission and Program Overview

Mission

The foundation supports the local community college through scholarships provided to students and support of college programs, facilities and registration fees.

The foundation supports the local community college through scholarships provided to students, support of college programs, and facilities and registration fees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$496,657$548,617▲ $51,960
Savings and Temporary Cash Investments$150,774$233,890▲ $83,116
Land, Buildings, and Equipment, Net$136,173$136,148▼ $25
Cash and Non-Interest-Bearing Accounts$85,007--
Inventories for Sale or Use$0--
Total Assets$1,034,845$1,082,282▲ $47,437
Other Assets Total$166,234$163,627▼ $2,607
Liabilities
Unsecured Notes Loans Payable$103,768$85,113▼ $18,655
Total Liabilities$103,768$85,113▼ $18,655
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$674,842$724,785▲ $49,943
Net Assets With Donor Restrictions$256,235$272,384▲ $16,149
Total Net Assets Fund Balance$931,077$997,169▲ $66,092
Total Liabilities and Net Assets / Fund Balance$1,034,845$1,082,282▲ $47,437

Asset Categories

AssetBook ValueDepreciationBasis
Land$110,543-$110,543
Buildings$22,687$5,672$28,359
Equipment$2,918$8,756$11,674
Other Assets Org$163,627--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$166,234-▲ $3,098-$163,627
2020$168,166-▲ $5,032-$166,234
2019$168,667-▲ $6,982-$168,166
2018$168,656-▲ $7,572-$168,667
2017$164,493-▲ $8,922-$168,656
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Sarah RushPresident
David SavageVice-president
Alex AtwoodDirector
Beth Ann ColclasureDirector
Bruce DickeyDirector
Chris ConardDirector
Cori CopelandDirector
Diane RobinsonDirector
Doug AndersonDirector
Jon LafikesDirector
Joshua HensleyDirector
Joyce CarsonDirector
Kelli MassieDirector
Linda SpicerDirector
Luke HarlDirector
Richard MasonDirector
Sandy DavisDirector
Sharmila KakacDirector
Sherry HarderDirector
Terri CarterDirector
Tina TurnerDirector
Tyler LampleyDirector
Julie AmanSecretary
Kent ReevesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$60,827
Program Service Revenue
$0
Investment Income
$37,496
Other Revenue
$18,144
All Other Contributions
$54,051
Change in Net Assets
$64,823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$36,726
Other Expenses$14,918
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$22,939--$22,939
Grants to Domestic Orgs$13,787--$13,787
Fees for Service Investment Mgmnt Fees$0$4,374$0$4,374
Occupancy$0$4,114$0$4,114
Fees for Services Accounting$0$1,900$0$1,900
Depreciation Depletion$0$1,293$0$1,293
Insurance$0$896$0$896
Interest$0$476$0$476
Office Expenses$0$444$0$444
Conferences and Meetings$0$439$0$439
Other Expenses$0$20$0$20
Total Functional Expenses$36,726$14,918$0$51,644
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Frontier Comm CollegeFairfield, IL-Prog. Develop.$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,280
Fundraising Direct Expenses$1,380
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
Backup withholding compliance
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Frontier Community College Foundation
EIN
37-1037552
Phone
6188424954
Address
PO BOX 626, FAIRFIELD, IL 62837

Signing Officer

Name
Kent E Reeves
Title
Treasurer
Phone
6188424954
Signed
2022-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kent E Reeves
Formed
1977
Legal Domicile
Il
Voting Board Members
24
Independent Board Members
24
Employees
0
Volunteers
24

Preparer

Firm
Kent E Reeves CPA
Address
101 EAST DELAWARE SUITE B, FAIRFIELD, IL 62837
Preparer
Kent E Reeves
Phone
6188424954
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Form 990 was reviewed by the governing body of the Foundation at a business meeting prior to filing with the Internal Revenue Service.”

Pt VI, Line 19

“The Foundation's financial statements are available for public inspection upon request. The financial statements are filed in the office of the Foundation which is located at Frontier Commuunity College and are available for inspection during school hours and/or other times when the office is open to the public.”

Financial Statement Notes

Pt V, Line 4

“The Endowment is named the Edward and Elma Cole Scholarship Trust and is administered by the Trust Department of the Fairfield National Bank. The Endowment provides scholarship funds for Frontier Community College students.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
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IRS990/FormationYr01977
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IRS990/FundraisingActivitiesInd0false
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IRS990/FundraisingDirectExpensesAmt01380
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0931077
IRS990/NetAssetsOrFundBalancesEOYAmt0997169
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1395
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1395
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt04900
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt013125
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0724785
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04114
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt04114
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0444
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt0444
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0166234
IRS990/OtherAssetsTotalGrp/EOYAmt0163627
IRS990/OtherExpensesGrp/Desc0BOARD EXPENSES
IRS990/OtherExpensesGrp/Desc1STATE FILING FEES
IRS990/OtherExpensesGrp/Desc2DUES
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IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0937
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt125
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt220
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
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IRS990/OtherExpensesGrp/TotalAmt125
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IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KENT E REEVES
IRS990/PriorPeriodAdjustmentsAmt01269
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0FUNDS TO IMPROVE CLASSROOMS, PROGRAMS, AND FACILITIES
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt013787
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt035430
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt032929
IRS990/PYInvestmentIncomeAmt07785
IRS990/PYOtherExpensesAmt012656
IRS990/PYProgramServiceRevenueAmt013125
IRS990/PYRevenuesLessExpensesAmt010755
IRS990/PYTotalExpensesAmt045585
IRS990/PYTotalRevenueAmt056340
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt064823
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt013125
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0150774
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0233890
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,082,282
Liabilities
$85,113
Net assets
$997,169
Revenue
$116,467
Expenses
$51,644
Net income
$64,823
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.49$0.03$1.46$0.25$0.06$0.19
2024Detailed filing. Detailed filing data is available for this year.$1.32$0.05$1.27$0.29$0.05$0.24
2023Detailed filing. Detailed filing data is available for this year.$1.10$0.07$1.04$0.09$0.05$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.08$0.09$1.00$0.12$0.05$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.03$0.10$0.93$0.06$0.05$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.04$0.12$0.92$0.09$0.08$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.04$0.14$0.90$0.08$0.06$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.03$0.15$0.88$0.07$0.08$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.05$0.16$0.88$0.64$0.32$0.31
2016Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.07$0.06$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.10$0.09$0.01