Black Hawk College Foundation
- Assets
- $7.1m
- Revenue
- $741.2k
- Investments
- $211.0k
- Employees
- 0
- Location
- Moline, IL
- Founding
- 08/1983
- Data as of
- 06/2022
- EIN
- 36-3240562
Organization Overview
Black Hawk College Foundation is located in Moline, IL. The organization was established in 1983. 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. Black Hawk 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, Black Hawk College Foundation generated $741.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $294.4k during the year ending 06/2022. While expenses have increased by 5.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR & CARRY ON SUCH ACTIVITIES TO ALLOW THE GROWTH, EXPANSION, & DEVELOPMENT OF BLACK HAWK COLLEGE, QUAD-CITIES CAMPUS AND OTHER QUAD-CITIES FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDS SCHOLARSHIPS TO INDIVIDUALS ATTENDING BLACK HAWK COLLEGE & FUNDS TO BLACK HAWK COLLEGE FOR PROGRAMS & CAPITAL EXPENSES & EMERGENCY FUNDS TO INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Ryckaert Chair | OfficerTrustee | 1 | $0 |
Steve Layer Vice Chair | OfficerTrustee | 1 | $0 |
Dave Emerick Treasurer | OfficerTrustee | 1 | $0 |
Zenaida Landeros Executive Director | Officer | 40 | $0 |
Rico Navarro Director | Trustee | 1 | $0 |
John Daly Director | Trustee | 1 | $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 | $130,714 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,714 |
| Total Program Service Revenue | $0 |
| Investment income | $209,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $390,433 |
| Net Income from Fundraising Events | $10,607 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $741,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,415 |
| Grants and other assistance to domestic individuals. | $149,544 |
| 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 | $1,535 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,285 |
| Fees for services: Other | $6,593 |
| Advertising and promotion | $67 |
| Office expenses | $9,443 |
| Information technology | $0 |
| 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 | $314 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $294,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $515,600 |
| Pledges and grants receivable | $744,412 |
| Accounts receivable, net | $50 |
| 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 | $45,000 |
| Investments—publicly traded securities | $5,562,551 |
| Investments—other securities | $210,978 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,444 |
| Total assets | $7,091,035 |
| Accounts payable and accrued expenses | $60,404 |
| 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 | $412,444 |
| Total liabilities | $472,848 |
| Net assets without donor restrictions | $713,126 |
| Net assets with donor restrictions | $5,905,061 |
| 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 | $7,091,035 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Black Hawk College Foundation has recieved totaling $40,017.
| Awarding Organization | Amount |
|---|---|
Genesis Philanthropy Davenport, IA PURPOSE: Expanding Nursing Workforce Scholarship Program | $30,000 |
Quad Cities Community Foundation Bettendorf, IA PURPOSE: GENERAL SUPPORT | $5,500 |
William Butterworth Foundation Moline, IL PURPOSE: SCHOLARSHIPS | $2,500 |
Balgley Family Charitable Foundation Palm Beach Gardens, FL PURPOSE: HIGHER EDUCATION | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Endowment Analysis
| Beg. Balance | $7,372,431 |
| Earnings | -$946,830 |
| Admin Expense | $67,119 |
| Net Contributions | $165,685 |
| Grants | $224,309 |
| Ending Balance | $6,299,858 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
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 |