FURP.ORG / PUBLIC DATA EXPLORER

ILLINOIS VALLEY COMMUNITY COLLEGE FOUNDATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ILLINOIS VALLEY COMMUNITY COLLEGE FOUNDATION (EIN 51-0189194)
Tax period
2023-07-01 to 2024-06-30
Filed
2024-10-29
IRS object ID
202423039349302012
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-10-29T10:42:56-07:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN274201171PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Hopkins & Associates CPAsBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1314 S McCoy StreetAddressLine1Txt
CityGranvilleCityNm
State AbbreviationILStateAbbreviationCd
ZIP61326ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN510189194EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ILLINOIS VALLEY COMMUNITY COLLEGEBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlILLIBusinessNameControlTxt
Phone8152240524PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1815 N ORLANDO SMITH RDAddressLine1Txt
CityOGLESBYCityNm
State AbbreviationILStateAbbreviationCd
ZIP61348ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSUSAN SCHMITTPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-10-29SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJoel HopkinsPreparerPersonNm
PTINP01345957PTIN
Phone8153396630PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

US Address USAddress

FieldValueIRS element (for citing)
Address Line1815 N ORLANDO SMITH RDAddressLine1Txt
CityOGLESBYCityNm
State AbbreviationILStateAbbreviationCd
ZIP613489801ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,910,960GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1976FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTo assist in providing educational opportunitites.ActivityOrMissionDesc
Voting Members Governing Body14VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$502,521PYContributionsGrantsAmt
CY Contributions Grants$605,409CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$93,163PYInvestmentIncomeAmt
CY Investment Income$572,290CYInvestmentIncomeAmt
PY Other Revenue$82,106PYOtherRevenueAmt
CY Other Revenue$51,099CYOtherRevenueAmt
PY Total Revenue$677,790PYTotalRevenueAmt
CY Total Revenue$1,228,798CYTotalRevenueAmt
PY Grants And Similar Paid$524,833PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$731,739CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$134,254PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$193,783CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$48,358PYOtherExpensesAmt
CY Other Expenses$51,175CYOtherExpensesAmt
PY Total Expenses$707,445PYTotalExpensesAmt
CY Total Expenses$976,697CYTotalExpensesAmt
PY Revenues Less Expenses-$29,655PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$252,101CYRevenuesLessExpensesAmt
Total Assets BOY$8,152,568TotalAssetsBOYAmt
Total Assets EOY$8,535,147TotalAssetsEOYAmt
Total Liabilities BOY$38,264TotalLiabilitiesBOYAmt
Total Liabilities EOY$26,490TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$8,114,304NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$8,508,657NetAssetsOrFundBalancesEOYAmt
MissionTo assist in providing educational opportunitites.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$523,375ExpenseAmt
DescThe Foundation provides financial assistance to residents of the Illinois Valley Community College district in the form of scholarship grants and student assistance.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$148,449ExpenseAmt
DescThe Foundation provides grant funding to the Community Technology Center at Illinois Valley Community College.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$59,915ExpenseAmt
DescThe Foundation assists in developing the facilities and programs of Illinois Valley Community College in response to donor-specified gifts. The Foundation purchased equipment and supplies for various programs.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$731,739TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members14GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonDONNA SWISKOSKIPersonNm
Phone8152240551PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1815 N ORLANDO SMITH RDAddressLine1Txt
CityOGLESBYCityNm
State AbbreviationILStateAbbreviationCd
ZIP613489801ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
TRACY BEATTIE
Executive Dir.40.000.00Yes (X)$0$59,464$0
JOHN CANTLIN
Director0.200.00Yes (X)$0$0$0
RAY ARTEAGA
Director0.200.00Yes (X)$0$0$0
J DAVID CONTERIO
Director0.200.00Yes (X)$0$0$0
MARK PYSZKA
Director0.200.00Yes (X)$0$0$0
WILLIAM ZENS
Director0.200.00Yes (X)$0$0$0
DR KIM NOVAK
Director0.200.00Yes (X)$0$0$0
KAREN NUSSBAUM
Director0.200.00Yes (X)$0$0$0
PATRICIA SEIBERT
Director0.200.00Yes (X)$0$0$0
JAMES LOVELAND
Director0.200.00Yes (X)$0$0$0
OJ STOUTNER
Director0.200.00Yes (X)$0$0$0
KIM ZAVADA
Director0.200.00Yes (X)$0$0$0
DIANE KREISER
Director0.200.00Yes (X)$0$0$0
DONNA SWISKOSKI
Secretary40.000.00$0$0$0Yes (X)
KATHY ROSS
Treasurer0.200.00$0$0$0Yes (X)
WILLIAM F HUNT
Vice President0.200.00$0$0$0Yes (X)
DR SUSAN SCHMITT
President0.200.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Tot Reportable Comp Rltd Org$59,464TotReportableCompRltdOrgAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$138,000GovernmentGrantsAmt
All Other Contributions$467,409AllOtherContributionsAmt
Noncash Contributions$110,436NoncashContributionsAmt
Total Contributions$605,409TotalContributionsAmt
Total Program Service Revenue$0TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$296,919TotalRevenueColumnAmt
Related Or Exempt Func Income$296,919RelatedOrExemptFuncIncomeAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$3,949,912SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$3,674,541SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$275,371SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$275,371TotalRevenueColumnAmt
Related Or Exempt Func Income$275,371RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$58,720FundraisingGrossIncomeAmt
Fundraising Direct Expenses$7,621FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$51,099TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,228,798TotalRevenueColumnAmt
Related Or Exempt Func Income$572,290RelatedOrExemptFuncIncomeAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$731,739TotalAmt
Program Services$731,739ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$59,464TotalAmt
Management And General$59,464ManagementAndGeneralAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$134,319TotalAmt
Management And General$134,319ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$9,020TotalAmt
Management And General$9,020ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$8,072TotalAmt
Management And General$8,072ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$11,946TotalAmt
Management And General$11,946ManagementAndGeneralAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$7,209TotalAmt
Management And General$7,209ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$977TotalAmt
Management And General$977ManagementAndGeneralAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$875TotalAmt
Management And General$875ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescRECOGNITION EVENTSDesc
Total$13,076TotalAmt
Management And General$13,076ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$976,697TotalAmt
Program Services$731,739ProgramServicesAmt
Management And General$244,958ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,105,826BOYAmt
EOY$1,468,721EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,000BOYAmt
EOY$1,000EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$500BOYAmt
EOY$500EOYAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$7,009,614BOYAmt
EOY$7,023,296EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$34,628BOYAmt
EOY$41,630EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,152,568BOYAmt
EOY$8,535,147EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$38,264BOYAmt
EOY$26,490EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$38,264BOYAmt
EOY$26,490EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,808,188BOYAmt
EOY$1,900,799EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$6,306,116BOYAmt
EOY$6,607,858EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,114,304BOYAmt
EOY$8,508,657EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,152,568BOYAmt
EOY$8,535,147EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$252,101ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$142,252NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type3 Func IntYes (X)SupportingOrgType3FuncIntInd
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1ILLINOIS VALLEY COMMUNITY COLLEGEBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN362614257EIN
Organization Type5OrganizationTypeCd
Governing Document ListedfalseGoverningDocumentListedInd
Support$11,728SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$11,728SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (true)ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationfalseSuprtOrgNoIRSDeterminationInd
Supported Org Section C456falseSupportedOrgSectionC456Ind
Supported Org Not Organized USfalseSupportedOrgNotOrganizedUSInd
Organization Change Suprt OrgfalseOrganizationChangeSuprtOrgInd
Support Non Supported OrgfalseSupportNonSupportedOrgInd
Payment Substantial ContribtrfalsePaymentSubstantialContribtrInd
Loan Disqualified PersonfalseLoanDisqualifiedPersonInd
Controlled Disqualified PrsnfalseControlledDisqualifiedPrsnInd
Disqualified Prsn Controll IntfalseDisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr IntfalseDisqualifiedPrsnOwnrIntInd
Excess Business Holdings RulesfalseExcessBusinessHoldingsRulesInd
Contribution ControllerfalseContributionControllerInd
Contribution FamilyfalseContributionFamilyInd
Contribution35 ControlledfalseContribution35ControlledInd

Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp

FieldValueIRS element (for citing)
Timely Provided DocumentsYes (true)TimelyProvidedDocumentsInd
Officers Close RelationshipYes (true)OfficersCloseRelationshipInd
Supported Org Voice InvestmentYes (true)SupportedOrgVoiceInvestmentInd

Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp

FieldValueIRS element (for citing)
Activities TestYes (X)ActivitiesTestInd
Activities Further Exempt PrpsYes (true)ActivitiesFurtherExemptPrpsInd
Activities Engaged Org InvlmntYes (true)ActivitiesEngagedOrgInvlmntInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part IV, Section D, Line 3: Role The Organization's Supported Orgs. PlayedThe non-voting members of the Foundation board consist of the President and the Director of Community Relations and Development of Illinois Valley Community College, the supported organization. Through these relationships, significant voice is given by the supported organization in the investment activities and use of funds by the Foundation.
Part IV, Section E, Line 2a: Identify Supported Orgs. and Explain How Activities Furthered Exempt PuIllinois Valley Community College is the supported organization of the Foundation. The Foundation's activities directly furthered the College's exempt purposes by providing scholarship funds and assistance to its students by investing funds into several College educational programs and functions. The Foundation has a steady working relationship with the College and is very responsive to its need. The College is the only supported organization and all activity supports its function.
Part IV, Section E, Line 2b: Reasons For The Organization's PositionIf not for the activities performed by the Foundation, the supported organization would have engaged in the same activities in order to offer educational opportunities to students who lack the means to obtain affordable education and financial assistance as well as to provide funds for various educational programs of the College to further promote the education of its students.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$10,015AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,306,116BeginningYearBalanceAmt
Contributions$505,009ContributionsAmt
Investment Earnings Or Losses$615,522InvestmentEarningsOrLossesAmt
Grants Or Scholarships$346,573GrantsOrScholarshipsAmt
Other Expenditures$472,216OtherExpendituresAmt
End Year Balance$6,607,858EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,116,651BeginningYearBalanceAmt
Contributions$448,063ContributionsAmt
Investment Earnings Or Losses$546,392InvestmentEarningsOrLossesAmt
Grants Or Scholarships$429,683GrantsOrScholarshipsAmt
Other Expenditures$374,807OtherExpendituresAmt
End Year Balance$6,306,616EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,967,232BeginningYearBalanceAmt
Contributions$509,064ContributionsAmt
Investment Earnings Or Losses-$893,682InvestmentEarningsOrLossesAmt
Grants Or Scholarships$262,800GrantsOrScholarshipsAmt
Other Expenditures$203,163OtherExpendituresAmt
End Year Balance$6,116,651EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$5,570,422BeginningYearBalanceAmt
Contributions$442,052ContributionsAmt
Investment Earnings Or Losses$1,308,638InvestmentEarningsOrLossesAmt
Grants Or Scholarships$222,944GrantsOrScholarshipsAmt
Other Expenditures$130,936OtherExpendituresAmt
End Year Balance$6,967,232EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$5,113,934BeginningYearBalanceAmt
Contributions$557,339ContributionsAmt
Investment Earnings Or Losses$239,493InvestmentEarningsOrLossesAmt
Grants Or Scholarships$158,954GrantsOrScholarshipsAmt
Other Expenditures$181,390OtherExpendituresAmt
End Year Balance$5,570,422EndYearBalanceAmt
FieldValueIRS element (for citing)
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd
Related Org List Sch RfalseRelatedOrgListSchRInd
Total Rev Etc Audited Fincl Stmt$1,371,050TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$142,252NetUnrealizedGainsInvstAmt
Revenue Not Reported$142,252RevenueNotReportedAmt
Revenue Subtotal$1,228,798RevenueSubtotalAmt
Total Revenue Per Form990$1,228,798TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$976,697TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$976,697ExpensesSubtotalAmt
Total Expenses Per Form990$976,697TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, oNATIVE AMERICAN ARTIFACTS ASSIST ILLINOIS VALLEY COMMUNITY COLLEGE IN TEACHING AND IN SCHOLARLY RESEARCH.
Part V, Line 4: Intended uses of the endowment fund.THE INTENDED USES OF THE IVCC FOUNDATION'S ENDOWMENT FUNDS ARE TO BE IN ACCORDANCE WITH THE DONORS' WISHES TO MEET THE STATED PURPOSE OF THE FOUNDATION TO PROVIDE "IN THE COLLEGE COMMUNITY BROADER EDUCATION OPPORTUNITIES FOR AND SERVICE TO THE STUDENTS AND ALUMNI OF SUCH COLLEGE AND THE CITIZENS OF THIS STATE AND NATION"

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyfalseAgrmtProfFundraisingActyInd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1FUNDRAISINGEvent1Nm
Gross Receipts Event1$58,720GrossReceiptsEvent1Amt
Gross Revenue Event1$58,720GrossRevenueEvent1Amt
Other Direct Expenses Event1$7,621OtherDirectExpensesEvent1Amt
Gross Receipts Total$58,720GrossReceiptsTotalAmt
Gross Revenue Total Events$58,720GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$7,621OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$7,621DirectExpenseSummaryEventsAmt
Net Income Summary$51,099NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd
Total501c3 Org0Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (6 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
SCHOLARSHIP GRANT385$346,573
STUDENT ASSISTANCE28$165,074
FACULTY ASSISTANCE12$59,915
TUITION ASSISTANCE37$11,728
BOYLE ASSISTANCE2
CTC PROJECT1$148,449

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceGrantmaker's Description of How Grants are UsedFormAndLineReferenceDesc
ExplanationSCHOLARSHIP GRANTS ARE MADE DIRECTLY TO THE EDUCATIONAL INSTITUTION IN WHICH THE STUDENT IS ENROLLED AND SCHEDULES ARE MAINTAINED BY THE FOUNDATION OFFICE TO ACCURATELY ACCOUNT FOR EACH RECIPIENT.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$10,036NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)EMPL SERV3$93,191ACTUAL PAYROLL
Yes (X)OFFICE SPACE1$7,209MARKET VALUE
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, Line 11bThe 990 is reviewed and approved by the Director of Development and the Foundation President and signed by the Foundation President.
Form 990, Part VI, Section B, Line 15aEmployee reviews are performed annually by the Director of Community Relations and Development who recommends compensation changes to the Human Resources Department of Illinois Valley Community College where they are approved.
Form 990, Part VI, Section C, Line 19The Organization makes its governing documents and financial statements available on its website.