Civic Intelligence

Illinois Community College System Foundation

990 • Fiscal year 2017 • EIN 37-1293039

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 14, 2018

401 East Capitol AvenueSpringfield, IL 62701

(217) 789-4230

Siviq Scores

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

Liabilities / Assets

67th percentile

0.35x

Higher debt load relative to assets than 67% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

1.88x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

94th percentile

62%

Higher net margin than 94% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

22nd percentile

$29,167

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

39th percentile

1.1%

Faster asset growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

91%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$7,723,894

Up $80,340 (+1.1%) from 2016

Net Assets

Up

$4,988,368

Up $325,510 (+7.0%) from 2016

Liabilities

Down

$2,735,526

Down $245,170 (-8.2%) from 2016

Revenue

Up

$1,451,332

Up $690,905 (+91%) from 2016

Expenses

Up

$555,505

Up $31,293 (+6.0%) from 2016

Net Income

Up

$895,827

Up $659,612 (+279%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2015: $7,529,151Liabilities 2015: $3,169,462Net Assets 2015: $4,359,6892015Assets 2016: $7,643,554Liabilities 2016: $2,980,696Net Assets 2016: $4,662,8582016Assets 2017: $7,723,894Liabilities 2017: $2,735,526Net Assets 2017: $4,988,3682017Assets 2018: $7,503,247Liabilities 2018: $2,545,475Net Assets 2018: $4,957,7722018Assets 2019: $7,877,146Liabilities 2019: $2,357,747Net Assets 2019: $5,519,3992019Assets 2020: $8,212,407Liabilities 2020: $2,142,145Net Assets 2020: $6,070,2622020Assets 2021: $8,621,800Liabilities 2021: $1,934,427Net Assets 2021: $6,687,3732021Assets 2022: $7,891,212Liabilities 2022: $1,705,703Net Assets 2022: $6,185,5092022Assets 2023: $8,693,147Liabilities 2023: $1,850,128Net Assets 2023: $6,843,0192023Assets 2024: $9,029,265Liabilities 2024: $1,556,862Net Assets 2024: $7,472,4032024

Highlighted filing

2017

Assets$7,723,894
Liabilities$2,735,526
Net Assets$4,988,368

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2015: $692,621Expenses 2015: $587,448Net Income 2015: $105,1732015Revenue 2016: $760,427Expenses 2016: $524,212Net Income 2016: $236,2152016Revenue 2017: $1,451,332Expenses 2017: $555,505Net Income 2017: $895,8272017Revenue 2018: $696,598Expenses 2018: $543,173Net Income 2018: $153,4252018Revenue 2019: $720,299Expenses 2019: $558,609Net Income 2019: $161,6902019Revenue 2020: $730,722Expenses 2020: $541,745Net Income 2020: $188,9772020Revenue 2021: $917,776Expenses 2021: $563,875Net Income 2021: $353,9012021Revenue 2022: $1,186,279Expenses 2022: $640,522Net Income 2022: $545,7572022Revenue 2023: $786,838Expenses 2023: $567,168Net Income 2023: $219,6702023Revenue 2024: $1,038,282Expenses 2024: $603,709Net Income 2024: $434,5732024

Highlighted filing

2017

Revenue$1,451,332
Expenses$555,505
Net Income$895,827
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 14, 2018
Return Version
2017v2.3
Gross Receipts
$3,779,062
Mission and Program Overview

Mission

The illinois community college system foundation serves all 48 illinois community colleges in the state of illinois, providing student scholarships, programs, services, and general funds.

To support activities of benefit to all community colleges, including scholarships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,505,336$4,343,998▼ $161,338
Investments in Publicly Traded Securities$2,411,901$2,715,241▲ $303,340
Savings and Temporary Cash Investments$663,177$451,752▼ $211,425
Accounts Receivable-$208,170-
Intangible Assets$63,140$4,733▼ $58,407
Total Assets$7,643,554$7,723,894▲ $80,340
Liabilities
Tax Exempt Bond Liabilities$1,961,319$1,800,332▼ $160,987
Mortgage Notes Payable Secured by Investment Property$965,847$891,878▼ $73,969
Accounts Payable and Accrued Expenses$39,734$31,302▼ $8,432
Deferred Revenue$13,796$12,014▼ $1,782
Total Liabilities$2,980,696$2,735,526▼ $245,170
Net Assets / Fund Balance
Unrestricted Net Assets$1,998,919$2,191,360▲ $192,441
Permanently Rstr Net Assets$1,544,413$1,570,765▲ $26,352
Temporarily Rstr Net Assets$1,119,526$1,226,243▲ $106,717
Total Net Assets Fund Balance$4,662,858$4,988,368▲ $325,510
Total Liabilities and Net Assets / Fund Balance$7,643,554$7,723,894▲ $80,340

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,938,956$1,444,249$5,383,205
Land$401,763-$401,763
Other Land Buildings$3,279$197,485$200,764

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$2,497,684$26,852▲ $208,821$10,753$2,671,504
2016$2,293,519$22,570▲ $216,890$10,696$2,497,684
2015$2,303,220$31,340▲ $45,118$10,509$2,293,519
2014$2,077,826$85,251▲ $209,706$10,063$2,303,220
2013$1,943,649$25,289▲ $168,644$59,756$2,077,826
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joe KanoskyPresidentPT$29,167$29,167
Greg LeganPresidentPT$25,000$25,000

Board Members and Trustees

NameTitle
John GoetzChair
Dustin HeuermanDirector
James BerkelDirector
Keith LapeDirector
Terri WinfreeDirector
Ray HancockSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$39,441
Program Service Revenue
$579,950
Investment Income
$835,865
Other Revenue
$-3,924
All Other Contributions
$39,441
Change in Net Assets
$895,827

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,451,332
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-399,769
Total Revenue per Audited Statements
$1,051,563
Total Revenue per Form 990
$1,451,332
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$353,126
Grants and Similar Amounts Paid$104,441
Salaries, Compensation, and Employee Benefits$97,938
Total Fundraising Expense$14,441
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$106,357$4,862-$111,219
Grants to Domestic Individuals$100,441--$100,441
Occupancy$93,607$1,243-$94,850
Interest$68,645$915-$69,560
Current Officers, Directors, Trustees, and Key Employees$10,834$32,500$10,833$54,167
Other Salaries and Wages$38,861$343-$39,204
Insurance$14,442$198-$14,640
Travel$4,786$6,578$2,779$14,143
Fees for Services Accounting-$14,050-$14,050
Fees for Service Investment Mgmnt Fees$8,113$2,142-$10,255
Other Employee Benefits$1,427$2,311$829$4,567
Grants to Domestic Orgs$4,000--$4,000
Other Expenses$96$44-$44
Total Functional Expenses$468,169$72,895$14,441$555,505

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$726,053
Expenses per Audited Statements$555,505
Total Expenses per Form 990$555,505
Expenses Not Reported on Form 990$170,548
Expenses Not Reported on Financial Statements$0
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe County of Sangamon Illinois2009-08-28$2,600,000Renovation of building/refunding of outstanding series 1997 bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$2,600,000--$25,000

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The organization has no committees with authority to act on behalf of the governing body.

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

The completed 990 is presented to the organization's president for review and subsequently reported to the board of directors.

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

The board monitors and enforces any conflicts of interest verbally in board meetings. Officers, directors and employees are to report conflicts of interest and potential conflicts are discussed as they may be presented.

Form 990, Part VI, Section C, Line 19

All official documents are kept at the iccsf office at 401 e. Capitol avenue in springfield, illinois, and are available to anyone who makes a request in writing, makes an appointment, and provides identification as requested by the iccsf president.

Filing and Contact Details

Filer

Filer Name
Illinois Community College System
EIN
37-1293039
Phone
2177894230
Address
401 EAST CAPITOL AVENUE, SPRINGFIELD, IL 62701

Signing Officer

Name
John Goetz
Title
Chair
Phone
2177894230
Signed
2018-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Goetz
Formed
1991
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
3
Volunteers
10

Preparer

Firm
Kerber Eck & Braeckel Llp
Address
3200 ROBBINS RD STE 200A, SPRINGFIELD, IL 62704
Preparer
Danielle M Hunt
Phone
2177890960
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The foundation's endowment funds were established primarily for scholarship purposes. Approximately 98% of annual expenditures from the endowment funds were used for scholarships while recognitions account for the remaining 2% of expenditures.

PART X, LINE 2:

The foundation has recognized in the financial statements the effects of all tax positions and continually evaluates expiring statutes of limitations, audits, changes in tax law, and new authoritative rulings. The foundation is not aware of any circumstances or events that make it reasonably possible that unrecognized tax benefits may increase or decrease within 12 months of the balance sheet date. Penalties and interest assessed by taxing authorities are included in the provision for income taxes, if applicable. There were no interest or penalties paid during 2017 or 2016.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

RENTAL EXPENSES 170,548.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

RENTAL EXPENSES 170,548.

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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/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01460
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15261
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2988
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt344
IRS990/OtherExpensesGrp/ProgramServicesAmt016560
IRS990/OtherExpensesGrp/ProgramServicesAmt196
IRS990/OtherExpensesGrp/TotalAmt018020
IRS990/OtherExpensesGrp/TotalAmt15261
IRS990/OtherExpensesGrp/TotalAmt21084
IRS990/OtherExpensesGrp/TotalAmt344
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0343
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt038861
IRS990/OtherSalariesAndWagesGrp/TotalAmt039204
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01544413
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01570765
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOHN GOETZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0ICCB INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0579950
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0579950
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDING FINANCIAL ASSISTANCE THROUGH SCHOLARSHIPS AVAILABLE TO COMMUNITY COLLEGE STUDENTS THROUGHOUT THE STATE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0127092
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0104441
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt022570
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt060880
IRS990/PYInvestmentIncomeAmt0181206
IRS990/PYOtherExpensesAmt0367723
IRS990/PYOtherRevenueAmt0-12603
IRS990/PYProgramServiceRevenueAmt0569254
IRS990/PYRevenuesLessExpensesAmt0236215
IRS990/PYSalariesCompEmpBnftPaidAmt095609
IRS990/PYTotalExpensesAmt0524212
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0760427
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0895827
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-3924
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0579950
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0663177
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0451752
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt039441
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt022570
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt032340
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0177931
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt026889
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0299171
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0106219
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt092640
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt096338
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt086151
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt090560
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0471908
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03525065
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.41840
IRS990ScheduleA/PublicSupportPY170Pct00.42300
IRS990ScheduleA/PublicSupportTotal170Amt0299171
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt039441
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt022570
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt032340
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0177931
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt026889
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0299171
IRS990ScheduleA/TotalSupportAmt0715070
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0-3667
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt0-13794
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt0-23272
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt0-15276
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0-56009
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt03938956
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01444249
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05383205
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02497684
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt026852
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02671504
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt051100
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0208821
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt010753
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02293519
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt022570
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02497684
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt024600
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0216890
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt010696
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02303220
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt031340
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02293519
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt075650
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt045118
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt010509
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02077826
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt085251
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02303220
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt059500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0209706
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt010063
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01943649
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt025289
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02077826
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0168644
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt059756
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0170548
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0555505
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0401763
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0401763
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-570317
IRS990ScheduleD/OtherExpensesIncludedAmt0170548
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03279
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0197485
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0200764
IRS990ScheduleD/OtherRevenueAmt0170548
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.58800
IRS990ScheduleD/RevenueNotReportedAmt0-399769
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01451332
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S ENDOWMENT FUNDS WERE ESTABLISHED PRIMARILY FOR SCHOLARSHIP PURPOSES. APPROXIMATELY 98% OF ANNUAL EXPENDITURES FROM THE ENDOWMENT FUNDS WERE USED FOR SCHOLARSHIPS WHILE RECOGNITIONS ACCOUNT FOR THE REMAINING 2% OF EXPENDITURES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS RECOGNIZED IN THE FINANCIAL STATEMENTS THE EFFECTS OF ALL TAX POSITIONS AND CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE FOUNDATION IS NOT AWARE OF ANY CIRCUMSTANCES OR EVENTS THAT MAKE IT REASONABLY POSSIBLE THAT UNRECOGNIZED TAX BENEFITS MAY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE BALANCE SHEET DATE. PENALTIES AND INTEREST ASSESSED BY TAXING AUTHORITIES ARE INCLUDED IN THE PROVISION FOR INCOME TAXES, IF APPLICABLE. THERE WERE NO INTEREST OR PENALTIES PAID DURING 2017 OR 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 170,548.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RENTAL EXPENSES 170,548.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.41200
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04343998
IRS990ScheduleD/TotalExpensesPerForm990Amt0555505
IRS990ScheduleD/TotalRevenuePerForm990Amt01451332
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01051563
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0726053
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt026800
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt121600
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt216000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt325666
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt4875
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt53000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt66500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0ILLINOIS HEALTH TRUST SCHOLARSHIP - TUITION ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1ILLINOIS HEALTHCARE SCHOLARSHIPS - TUITION ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2ILLINOIS ELECTRIC COOPERATIVE - TUITION ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3STATE FARM TEACHER EDUCATION SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt4ILLINOIS COUNCIL OF COMMUNITY COLLEGE ADMINISTRATORS - TUITION ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt5ILLINOIS COMMUNITY COLLEGE SYSTEM LEADERSHIP SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt6ILLINOIS COMMUNITY COLLEGE FACULTY ASSOCIATION - TUITION ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt034
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt127
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt28
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt316
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt42
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt51
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt66
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ICCSF HAS PROCEDURES, CONTAINED IN SCHOLARSHIP GUIDELINES AND OTHER HANDBOOK MATERIALS, FOR AWARDING GRANTS TO OTHER ENTITIES(THE ILLINOIS COMMUNITY COLLEGES). ALL AWARDS OF GRANTS ARE MADE IN ACCORDANCE WITH POLICIES AND PROCEDURES OF ICCSF. EACH SCHOLARSHIP SHALL BE FOR TUITION FOR ONE SEMESTER AT AN ILLINOIS COMMUNITY COLLEGE. TUITION WILL BE PAID DIRECTLY FROM FOUNDATION TO RECIPIENT OR THE COMMUNITY COLLEGE. THE SCHOLARSHIP SHALL BE A GIFT, NOT A LOAN. THE AVAILABILITY OF THE SCHOLARSHIPS WILL BE PUBLICIZED BY THE ILLINOIS COMMUNITY COLLEGES. SCHOLARSHIPS WILL BE AWARDED BASED ON SCHOLASTIC ACHIEVEMENT AND FINANCIAL NEED. SELECTION WILL BE FROM APPLICATIONS SUBMITTED WHICH INCLUDE A ONE-PAGE ESSAY DESCRIBING CAREER AND EDUCATIONAL GOALS AND THE APPLICANTS NEED FOR SCHOLARSHIP ALONG WITH TRANSCRIPTS AND FINANCIAL AID APPLICATIONS.

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