Friends Of Mchenry County College Foundation
- Assets
- $10.6m
- Revenue
- $911.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Crystal Lake, IL
- Founding
- 09/1967
- Data as of
- 06/2022
- EIN
- 23-7418071
Organization Overview
Friends Of Mchenry County College Foundation is located in Crystal Lake, IL. The organization was established in 1967. 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. Friends Of Mchenry County 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, Friends Of Mchenry County College Foundation generated $911.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $913.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Friends Of Mchenry County College Foundation has awarded 31 individual grants totaling $12,691,520. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TOGETHER WITH OUR COMMUNITY WE BUILD FINANCIAL SUPPORT FOR STUDENT LEARNING AND SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ASSISTS IN DEVELOPMENT AND EXPANSION OF EDUCATIONAL FACILITIES AND PROVIDES SCHOLARSHIPS FOR STUDENTS. THE FOUNDATION BENEFITS ALL STUDENTS, ALUMNI AND LOCAL RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobbi Baehne Board Director (thru 6/8/22) | Trustee | 4 | $0 |
Tina Hueppe President (thru 12/8/21) | OfficerTrustee | 8 | $0 |
Steven Rankins President | OfficerTrustee | 8 | $0 |
Michael Klingenberg Treasurer (thru 6/8/22) | OfficerTrustee | 8 | $0 |
Rob Getty Treasurer | OfficerTrustee | 8 | $0 |
Ann Schirk Secretary | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $77,590 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $478,139 |
| Noncash contributions included in lines 1a–1f | $8,698 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $555,729 |
| Total Program Service Revenue | $0 |
| Investment income | $178,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $189,187 |
| Net Income from Fundraising Events | -$12,492 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $911,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $766,795 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60 |
| Fees for services: Accounting | $35,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,043 |
| Information technology | $19,334 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $8,497 |
| Total functional expenses | $913,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,686 |
| Savings and temporary cash investments | $2,617,376 |
| Pledges and grants receivable | $24,494 |
| 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 | $11,353 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,884,332 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,906,350 |
| Total assets | $10,631,591 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $126,221 |
| 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 | $0 |
| Total liabilities | $126,221 |
| Net assets without donor restrictions | $2,067,449 |
| Net assets with donor restrictions | $8,437,921 |
| 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 | $10,631,591 |
Grants Awarded
Over the last fiscal year, Friends Of Mchenry County College Foundation has awarded $757,372 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CONCORDIA UNIVERSITY NEBRASKA PURPOSE: STUDENT SCHOLARSHIP | $5,569 |
ILLINOIS STATE UNIVERSITY PURPOSE: STUDENT SCHOLARSHIP | $8,775 |
NORTHERN ILLINOIS PURPOSE: STUDENT SCHOLARSHIP | $13,698 |
PURDUE UNIVERSITY PURPOSE: STUDENT SCHOLARSHIP | $5,689 |
TEXAS CHRISTIAN UNIVERSITY PURPOSE: STUDENT SCHOLARSHIP | $5,599 |
UNIVERSITY OF ILLINOIS CHICAGO PURPOSE: STUDENT SCHOLARSHIP | $7,044 |