Parkland College Foundation
- Assets
- $14.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Champaign, IL
- Founding
- 05/1969
- Data as of
- 06/2022
- EIN
- 23-7025130
Organization Overview
Parkland College Foundation is located in Champaign, IL. The organization was established in 1969. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkland College Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Parkland College Foundation generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PARKLAND COLLEGE FOUNDATION GENERATED FUNDS TO AWARD SCHOLARSHIPS, FINANCE ECONOMIC DEVELOPMENT PROGRAMS, AND CONTRIBUTE TO THE OVERALL QUALITY OF LIFE IN EAST CENTRAL ILLINOIS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR PARKLAND COLLEGE STUDENTS AND TO SUPPORT THE EDUCATION MISSION OF PARKLAND COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russ Hamilton President | OfficerTrustee | 1 | $0 |
Dan Marker Vice President | OfficerTrustee | 1 | $0 |
Kelly Hunt Treasurer | OfficerTrustee | 0 | $0 |
Tracy Wahlfeldt Executive Director | Officer | 40 | $0 |
Sharon Allen Director | Trustee | 1 | $0 |
Diane Michaels Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $138,601 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,569,546 |
| Noncash contributions included in lines 1a–1f | $350,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,708,147 |
| Total Program Service Revenue | $0 |
| Investment income | $228,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,840 |
| Net Income from Fundraising Events | -$18,610 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,955,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $598,219 |
| Grants and other assistance to domestic individuals. | $529,992 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,055 |
| Compensation of current officers, directors, key employees. | $75,527 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,449 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,657 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,778 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,443,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $816,738 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $277,536 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,262,813 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,500 |
| Total assets | $14,374,587 |
| Accounts payable and accrued expenses | $55,325 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,983 |
| Total liabilities | $79,308 |
| Net assets without donor restrictions | $208,567 |
| Net assets with donor restrictions | $14,086,712 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,374,587 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Parkland College Foundation has recieved totaling $394,412.
| Awarding Organization | Amount |
|---|---|
The Carle Foundation Hospital Urbana, IL PURPOSE: Scholarships & Sponsorships | $260,000 |
Meyer Charitable Foundation Champaign, IL PURPOSE: SCHOLARSHIP FUND | $100,000 |
Charles W Christie Foundation Champaign, IL PURPOSE: HEALTH SERVICES | $15,000 |
Longview Foundation Newman, IL PURPOSE: DONATION | $10,000 |
Community Foundation Of East Central Illinois Champaign, IL PURPOSE: GENERAL SUPPORT | $6,100 |
Iroquois Federal Foundation Inc Watseka, IL PURPOSE: COMMUNITY EDUCATION | $3,000 |
Endowment Analysis
| Beg. Balance | $13,356,331 |
| Earnings | -$1,895,932 |
| Admin Expense | $13,778 |
| Net Contributions | $1,759,288 |
| Ending Balance | $13,205,909 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |