Kirkwood Community College Foundation

Organization Overview

Kirkwood Community College Foundation is located in Cedar Rapids, IA. The organization was established in 1970. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Kirkwood 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, Kirkwood Community College Foundation generated $11.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $4.3m during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Kirkwood Community College Foundation has awarded 11 individual grants totaling $1,763,655. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE EDUCATION AND DEVELOPMENT NEEDS OF KCC'S STUDENTS BY PROVIDING RESOURCES NOT AVAILABLE THROUGH PUBLIC FUNDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS: KCCF HELPS STUDENTS WHO WISH TO ENHANCE THEIR LIVES THROUGH EDUCATION AND TRAINING BY OFFERING FINANCIAL ASSISTANCE THROUGH SCHOLARSHIPS.


COLLEGE SUPPORT: EQUIPMENT AND OTHER INSTRUCTIONAL SUPPORT TO PROVIDE LEARNING OPPORTUNITIES FOR KCC STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Steve Caves
Board President
$0
Paul Morf
Board Secretary
$0
Anne Parmley
Board Vice-President
$0
Deb Gertsen
Board Treasurer
$0
Jody Pellerin
Executive Director
$0
Andrea Moore
Senior Accountant
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,940,229
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,583,854
Noncash contributions included in lines 1a–1f $169,670
Total Revenue from Contributions, Gifts, Grants & Similar$4,524,083
Total Program Service Revenue$0
Investment income $699,286
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,477,557
Net Income from Fundraising Events $47,778
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,748,704

Grants Awarded

Over the last fiscal year, Kirkwood Community College Foundation has awarded $599,378 in support to 2 organizations.

Grant RecipientAmount

KIRKWOOD COMMUNITY COLLEGE

PURPOSE: EQUIPMENT EXPENSES & INSTRUCTIONAL DEPARTMENT SUPPORT.

$588,518

IOWA STATE UNIVERSITY FOUNDATION

Org PageRecipient Profile

Ames, IA

PURPOSE: SCHOLARSHIPS

$10,860
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Kirkwood Community College Foundation has recieved totaling $12,450.

Awarding OrganizationAmount
Mount Saint Clare Education Charitable Trust

Clinton, IA

PURPOSE: SCHOLARSHIPS

$12,450
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$42,727,217
Earnings-$5,607,889
Net Contributions$2,015,836
Grants$1,501,866
Ending Balance$37,633,298

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