Civic Intelligence

Itasca Community College Foundation

990 • Fiscal year 2025 • EIN 41-0991901

Jul 01, 2024 to Jun 30, 2025

Organization Profileiccfoundation.org
1851 E Hwy 169Grand Rapids, MN 55744

(218) 322-2451

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

12th percentile

0.00x

Higher debt load relative to revenue than 12% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

83rd percentile

29%

Higher net margin than 83% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

28th percentile

$70,053

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

68th percentile

9.8%

Faster asset growth than 68% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

54th percentile

7.5%

Faster revenue growth than 54% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$6,425,804

Up $572,961 (+9.8%) from 2024

Net Assets

Up

$6,423,097

Up $586,110 (+10%) from 2024

Liabilities

Down

$2,707

Down $13,149 (-83%) from 2024

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin83rd percentile

Revenue

Up

$748,775

Up $52,171 (+7.5%) from 2024

Expenses

Up

$527,939

Up $116,961 (+28%) from 2024

Net Income

Down

$220,836

Down $64,790 (-23%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,034,554Liabilities 2011: $1,085Net Assets 2011: $4,033,4692011Assets 2012: $3,827,790Liabilities 2012: $10,537Net Assets 2012: $3,817,2532012Assets 2013: $4,191,653Liabilities 2013: $1,335Net Assets 2013: $4,190,3182013Assets 2014: $4,754,597Liabilities 2014: $1,473Net Assets 2014: $4,753,1242014Assets 2015: $4,702,565Liabilities 2015: $0Net Assets 2015: $4,702,5652015Assets 2016: $4,385,736Liabilities 2016: $1,602Net Assets 2016: $4,384,1342016Assets 2017: $4,932,130Liabilities 2017: $3,259Net Assets 2017: $4,928,8712017Assets 2018: $5,519,362Liabilities 2018: $2,988Net Assets 2018: $5,516,3742018Assets 2019: $5,971,590Liabilities 2019: $6,394Net Assets 2019: $5,965,1962019Assets 2020: $5,592,088Liabilities 2020: $2,061Net Assets 2020: $5,590,0272020Assets 2021: $5,564,379Liabilities 2021: $1,425Net Assets 2021: $5,562,9542021Assets 2022: $4,845,985Liabilities 2022: $3,353Net Assets 2022: $4,842,6322022Assets 2023: $5,277,046Liabilities 2023: $30,023Net Assets 2023: $5,247,0232023Assets 2024: $5,852,843Liabilities 2024: $15,856Net Assets 2024: $5,836,9872024Assets 2025: $6,425,804Liabilities 2025: $2,707Net Assets 2025: $6,423,0972025

Highlighted filing

2025

Assets$6,425,804
Liabilities$2,707
Net Assets$6,423,097
Open 2025 Filing

Operations Trend

Revenue Growth54th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $248,1372011Expenses 2012: $299,7682012Revenue 2013: $277,718Expenses 2013: $332,414Net Income 2013: -$54,6962013Revenue 2014: $362,227Expenses 2014: $388,090Net Income 2014: -$25,8632014Revenue 2015: $462,982Expenses 2015: $483,896Net Income 2015: -$20,9142015Revenue 2016: $28,443Expenses 2016: $346,874Net Income 2016: -$318,4312016Revenue 2017: $1,140,084Expenses 2017: $324,671Net Income 2017: $815,4132017Revenue 2018: $946,515Expenses 2018: $359,012Net Income 2018: $587,5032018Revenue 2019: $848,822Expenses 2019: $400,000Net Income 2019: $448,8222019Revenue 2020: $3,235,707Expenses 2020: $3,566,078Net Income 2020: -$330,3712020Revenue 2021: $931,890Expenses 2021: $2,099,045Net Income 2021: -$1,167,1552021Revenue 2022: -$301,295Expenses 2022: $419,027Net Income 2022: -$720,3222022Revenue 2023: $488,996Expenses 2023: $454,710Net Income 2023: $34,2862023Revenue 2024: $696,604Expenses 2024: $410,978Net Income 2024: $285,6262024Revenue 2025: $748,775Expenses 2025: $527,939Net Income 2025: $220,8362025

Highlighted filing

2025

Revenue$748,775
Expenses$527,939
Net Income$220,836
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Apr 17, 2026
Return Version
2024v5.5
Gross Receipts
$883,829
Mission and Program Overview

Mission

The ICC Foundation supports and benefits students and the college by encouraging and facilitating financial contributions from alumni and friends of the college.

The ICC Foundation hosts over 100 scholarship funds which provided over $125,000 in direct financial support to Itasca students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,765,503$6,381,344▲ $615,841
Cash and Non-Interest-Bearing Accounts$82,999$40,442▼ $42,557
Savings and Temporary Cash Investments$1,000$1,005▲ $5
Pledges and Grants Receivable$891$0▼ $891
Prepaid Expenses and Deferred Charges$0$563▲ $563
Total Assets$5,852,843$6,425,804▲ $572,961
Other Assets Total$2,450$2,450→ $0
Liabilities
Accounts Payable and Accrued Expenses$15,856$2,707▼ $13,149
Total Liabilities$15,856$2,707▼ $13,149
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,842,659$6,318,197▲ $475,538
Net Assets Without Donor Restrictions$-5,672$104,900▲ $110,572
Total Net Assets Fund Balance$5,836,987$6,423,097▲ $586,110
Total Liabilities and Net Assets / Fund Balance$5,852,843$6,425,804▲ $572,961

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$5,428,723$227,457▲ $645,769$128,890$5,991,886
2023$5,048,292$128,636▲ $527,009-$5,428,723
2022$4,675,994$100,380▲ $470,304-$5,048,292
2021$5,260,813$137,445▼ $546,630-$4,675,994
2020$3,893,262$498,433▲ $995,040-$3,893,262
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Charles BlackExecutive DirectorFT$70,053$70,053

Board Members and Trustees

NameTitle
Kirk AdamsChair
Mike ChandlerVice Chair
Cory JacksonDirector
Michelle CarlsonDirector
Patrick MathiasDirector
Steve WrightDirector
Tom SaxhaugDirector
Jenna Carlson JahnSecretary
Diane WeberTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$469,634
Program Service Revenue
$0
Investment Income
$279,141
Other Revenue
$0
All Other Contributions
$469,634
Change in Net Assets
$220,836

Audited Revenue Reconciliation

Revenue per Audited Statements
$719,304
Revenue Not Reported on Financial Statements
$29,471
Revenue Not Reported on Form 990
$374,657
Total Revenue per Audited Statements
$1,093,961
Total Revenue per Form 990
$748,775
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$316,339
Other Expenses$127,474
Salaries, Compensation, and Employee Benefits$84,126
Total Fundraising Expense$26,861
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$197,189--$197,189
Grants to Domestic Individuals$119,150--$119,150
Current Officers, Directors, Trustees, and Key Employees$21,370$28,006$21,370$70,746
Fees for Service Investment Mgmnt Fees-$29,471-$29,471
Information Technology$84$16,675-$16,759
Fees for Services Accounting-$16,132-$16,132
Other Salaries and Wages$2,212$2,898$2,212$7,322
Payroll Taxes$1,740$2,301$1,740$5,781
Office Expenses-$1,420$1,450$2,870
Other Expenses$59,858$2,290-$2,290
Other Employee Benefits$89$99$89$277
Travel$94--$94
Total Functional Expenses$401,786$99,292$26,861$527,939

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$527,939
Expenses per Audited Statements$498,468
Total Expenses per Audited Statements$498,468
Expenses Not Reported on Financial Statements$29,471
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Itasca Community CollegeGrand Rapids, MNGovernmentFor addition of Nursing department on campus$197,189
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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, Part VI, Section B, line 11B

“The Form 990 will be provided electronically to the board of directors for review and comment prior to filing.”

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

“On an annual basis, each Board member reviews the policy, discloses in writing any possible conflicts of interest, and signs the Conflict-of-Interest Form acknowledging that they understand and agree with the policy.”

Form 990, Part VI, Section B, line 15A

“The executive director's compensation is reviewed and determined by the board of directors on an annual basis.”

Form 990, Part VI, Section C, line 18

“The Form 990 is available upon request.”

Form 990, Part VI, Section C, line 19

“The Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Itasca Community College Foundation
EIN
41-0991901
Phone
2183222451
Address
1851 E Hwy 169, Grand Rapids, MN 55744

Signing Officer

Name
Charles Black
Title
Executive Director
Phone
2183222451
Signed
2026-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Black
Formed
1988
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
12

Preparer

Firm
Abdo LLP
Address
5201 Eden Ave Ste 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“An independent accountant is retained to provide accounting services and federal and state tax reporting. An independent auditor will be retained to perform an audit if required by federal or state authorities or by Board decision.”

Financial Statement Notes

Part V, Line 4:

“To fund student assistance and support scholarships and special programs in response to the unique educational needs and opportunities in the area.”

Raw XML AppendixShowing 400 of 474 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt015856
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02707
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The ICC Foundation hosts over 100 scholarship funds which provided over $125,000 in direct financial support to Itasca students.
IRS990/AddressChangeInd0X
IRS990/AllOtherContributionsAmt0469634
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0Charles Black
IRS990/BooksInCareOfDetail/PhoneNum02183222451
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01851 E Hwy 169
IRS990/BooksInCareOfDetail/USAddress/CityNm0Grand Rapids
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055744
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt082999
IRS990/CashNonInterestBearingGrp/EOYAmt040442
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt021370
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt028006
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt021370
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt070746
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0469634
IRS990/CYGrantsAndSimilarPaidAmt0316339
IRS990/CYInvestmentIncomeAmt0279141
IRS990/CYOtherExpensesAmt0127474
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0220836
IRS990/CYSalariesCompEmpBnftPaidAmt084126
IRS990/CYTotalExpensesAmt0527939
IRS990/CYTotalFundraisingExpenseAmt026861
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0748775
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0The ICC Foundation hosts over 100 scholarship funds which provided over $125,000 in direct financial support to Itasca students. In addition to scholarships, the Foundation invested over $280,000 into various on-campus programs and projects to improve student experiences, including a $180,000 renovation of the campus' Nursing Department public spaces
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt05842659
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt06318197
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0401786
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt016132
IRS990/FeesForServicesAccountingGrp/TotalAmt016132
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt029471
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt029471
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0Kirk Adams
IRS990/Form990PartVIISectionAGrp/PersonNm1Mike Chandler
IRS990/Form990PartVIISectionAGrp/PersonNm2Diane Weber
IRS990/Form990PartVIISectionAGrp/PersonNm3Jenna Carlson Jahn
IRS990/Form990PartVIISectionAGrp/PersonNm4Michelle Carlson
IRS990/Form990PartVIISectionAGrp/PersonNm5Cory Jackson
IRS990/Form990PartVIISectionAGrp/PersonNm6Tom Saxhaug
IRS990/Form990PartVIISectionAGrp/PersonNm7Patrick Mathias
IRS990/Form990PartVIISectionAGrp/PersonNm8Steve Wright
IRS990/Form990PartVIISectionAGrp/PersonNm9Charles Black
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt970053
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Executive Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt052738
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt0316339
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0119150
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0119150
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0197189
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0197189
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0187792
IRS990/GrossReceiptsAmt0883829
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt016675
IRS990/InformationTechnologyGrp/ProgramServicesAmt084
IRS990/InformationTechnologyGrp/TotalAmt016759
IRS990/InvestmentIncomeGrp/ExclusionAmt0226403
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0226403
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt05765503
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06381344
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0135054
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The ICC Foundation supports and benefits students and the college by encouraging and facilitating financial contributions from alumni and friends of the college.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05836987
IRS990/NetAssetsOrFundBalancesEOYAmt06423097
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt052738
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt052738
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0374657
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-5672
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0104900
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt01450
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01420
IRS990/OfficeExpensesGrp/TotalAmt02870
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02450
IRS990/OtherAssetsTotalGrp/EOYAmt02450
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt089
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt099
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt089
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0277
IRS990/OtherExpensesGrp/Desc0Student support and rec
IRS990/OtherExpensesGrp/Desc1Board expense
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02290
IRS990/OtherExpensesGrp/ProgramServicesAmt059858
IRS990/OtherExpensesGrp/TotalAmt059858
IRS990/OtherExpensesGrp/TotalAmt12290
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02212
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02898
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02212
IRS990/OtherSalariesAndWagesGrp/TotalAmt07322
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01740
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02301
IRS990/PayrollTaxesGrp/ProgramServicesAmt01740
IRS990/PayrollTaxesGrp/TotalAmt05781
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0891
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0563
IRS990/PrincipalOfficerNm0Charles Black
IRS990/PriorPeriodAdjustmentsAmt0-9383
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0386251
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0117850
IRS990/PYInvestmentIncomeAmt0310353
IRS990/PYOtherExpensesAmt0214699
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0285626
IRS990/PYSalariesCompEmpBnftPaidAmt078429
IRS990/PYTotalExpensesAmt0410978
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0696604
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0220836
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01005
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0469934
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0386251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0271626
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0380742
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0812176
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02320729
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt013478
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt013478
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0226403
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0310353
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0217370
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0287848
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0143948
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01185922
IRS990ScheduleA/PublicSupportCY170Pct00.56160
IRS990ScheduleA/PublicSupportPY170Pct00.73550
IRS990ScheduleA/PublicSupportTotal170Amt01976746
IRS990ScheduleA/SubstantialContributorsTotAmt0357461
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0469934
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0386251
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0271626
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0380742
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0825654
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02334207
IRS990ScheduleA/TotalSupportAmt03520129
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/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt068616
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt05428723
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0227457
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt05991886
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0112557
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0645769
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0128890
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt081675
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt05048292
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0128636
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt05428723
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0193539
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0527009
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt074452
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04675994
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0100380
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt05048292
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0123934
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0470304
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt085331
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05260813
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0137445
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04675994
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt090303
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-546630
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt057260
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03893262
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0498433
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03893262
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt071600
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0995040
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt029471
IRS990ScheduleD/ExpensesSubtotalAmt0498468
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt029471
IRS990ScheduleD/InvestmentExpensesNotIncldAmt029471
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0374657
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.62840
IRS990ScheduleD/RevenueNotReportedAmt0374657
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt029471
IRS990ScheduleD/RevenueSubtotalAmt0719304
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0To fund student assistance and support scholarships and special programs in response to the unique educational needs and opportunities in the area.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.37160
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0527939
IRS990ScheduleD/TotalRevenuePerForm990Amt0748775
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01093961
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0498468
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0119150
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt082
IRS990ScheduleI/RecipientTable/CashGrantAmt0197189
IRS990ScheduleI/RecipientTable/IRCSectionDesc0Government
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0For addition of Nursing department on campus
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Itasca Community College
IRS990ScheduleI/RecipientTable/RecipientEIN0411687554
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01851 US 169
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Grand Rapids
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055744
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The organization substantiates grant awards through a standardized Request for Foundation Funds form that documents the amount requested, purpose, beneficiaries, funding source, and required approvals, with receipts attached for reimbursements. Grant selections are based on documented need, alignment with Foundation purposes, student impact, availability of funds, and timely submission, with approved requests retained as official records
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 will be provided electronically to the board of directors for review and comment prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1On an annual basis, each Board member reviews the policy, discloses in writing any possible conflicts of interest, and signs the Conflict-of-Interest Form acknowledging that they understand and agree with the policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The executive director's compensation is reviewed and determined by the board of directors on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5An independent accountant is retained to provide accounting services and federal and state tax reporting. An independent auditor will be retained to perform an audit if required by federal or state authorities or by Board decision.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,425,804
Liabilities
$2,707
Net assets
$6,423,097
Revenue
$748,775
Expenses
$527,939
Net income
$220,836
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.43$0.00$6.42$0.75$0.53$0.22
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.85$0.02$5.84$0.70$0.41$0.29
2023Detailed filing. Detailed filing data is available for this year.$5.28$0.03$5.25$0.49$0.45$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.85$0.00$4.84$0.30$0.42$0.72
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.56$0.00$5.56$0.93$2.10$1.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.59$0.00$5.59$3.24$3.57$0.33
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$5.97$0.01$5.97$0.85$0.40$0.45
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.52$0.00$5.52$0.95$0.36$0.59
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.93$0.00$4.93$1.14$0.32$0.82
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.39$0.00$4.38$0.03$0.35$0.32
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.70$0.00$4.70$0.46$0.48$0.02
2014Detailed filing. Detailed filing data is available for this year.$4.75$0.00$4.75$0.36$0.39$0.03
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.19$0.00$4.19$0.28$0.33$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.83$0.01$3.82$0.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.03$0.00$4.03$0.25