Iowa Central Community College Foundation

Organization Overview

Iowa Central Community College Foundation is located in Fort Dodge, IA. The organization was established in 1974. 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. Iowa Central Community 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, Iowa Central Community College Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $432.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S PURPOSE IS TO RECEIVE AND MANAGE BEQUESTS, GIFTS, DONATIONS AND CONTRIBUTIONS MADE TO OR FOR THE USE OF IOWA CENTRAL COMMUNITY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS & GRANTS AWARDED TO STUDENTS ATTENDING IOWA CENTRAL COMMUNITY COLLEGE.


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Board, Officers & Key Employees

Name (title)Compensation
Mary Ludwig
Executive Director
$0
Chris Deal
Director
$0
Jeff Neubaum
Director
$0
Parker Aden
Director
$0
Deb Zemke
Director
$0
Tim Mcdaniel
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$58,580
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$646,105
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$704,685
Total Program Service Revenue$0
Investment income $136,822
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $481,136
Net Income from Fundraising Events -$6,253
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $64,703
Miscellaneous Revenue$0
Total Revenue $1,381,093

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Iowa Central Community College Foundation has recieved totaling $25,000.

Awarding OrganizationAmount
First Interstate Bancsystem Foundation Inc

Billings, MT

PURPOSE: GENERAL OPERATING SUPPORT

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$6,179,695
Earnings$275,114
Net Contributions$436,649
Grants$283,384
Ending Balance$6,608,074

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