Kankakee Community College Foundation

Organization Overview

Kankakee Community College Foundation is located in Kankakee, IL. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Kankakee 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, Kankakee Community College Foundation generated $864.2k 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 (3.7%) each year. All expenses for the organization totaled $264.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (13.6%) 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

SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO PROMOTE EDUCATIONAL OPPORTUNITIES AT KANKAKEE COMMUNITY COLLEGE

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS AND FINANCIAL ASSISTANCE PROVIDED TO STUDENTS AND EXPENSES PAID TO THIRD PARTIES ON BEHALF OF STUDENTS


ESTABLISH LEGACY GIFTS THAT PERPETUATE QUALITY EDUCATION FOR FUTURE GENERATIONS


N/A


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Board, Officers & Key Employees

Name (title)Compensation
Maggie Frogge
Vice Chairwoman
$0
Mark Smith
Treasurer
$0
Michael Lynch
Secretary
$0
Steve Smith
Chairman
$0
Andrew Wheeler
Director
$0
David Baron
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$328,175
Noncash contributions included in lines 1a–1f $2,262
Total Revenue from Contributions, Gifts, Grants & Similar$328,175
Total Program Service Revenue$0
Investment income $257,652
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $278,413
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $864,240

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Kankakee Community College Foundation has recieved totaling $16,898.

Awarding OrganizationAmount
Iroquois Federal Foundation Inc

Watseka, IL

PURPOSE: FIRST YEAR COLLEGE EXPERIENCE

$10,000
Callis Educational Fund

chicago, IL

PURPOSE: SCHOLARSHIP

$4,756
Thomas & Maureen Oconnor Family Foundation

Bourbonnais, IL

PURPOSE: ORGANIZATIONAL NEEDS

$2,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$142
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,097,788
Earnings-$1,168,190
Net Contributions$251,532
Other Expense$538,870
Ending Balance$7,642,260

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