Kaskaskia College Foundation
- Assets
- $10.1m
- Revenue
- $471.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Centralia, IL
- Founding
- 08/1974
- Data as of
- 06/2021
- EIN
- 37-1138260
Organization Overview
Kaskaskia College Foundation is located in Centralia, IL. The organization was established in 1974. According to its NTEE Classification (B42) the organization is classified as: Undergraduate 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. Kaskaskia 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 06/2021, Kaskaskia College Foundation generated $471.1k 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 (6.9%) each year. All expenses for the organization totaled $552.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST IN MAINTAINING AN AREA COMMUNITY COLLEGE IN DISTRICT 501 TO RECEIVE GIFTS FOR ESTABLISH MAINTAIN AND ADMINISTER SCHOLARSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AWARDS PRESENTED TO STUDENTS ATTENDING KASKASKIA COLLEGE. 334 SEPARATE SCHOLARSHIPS WERE AWARDED DURING THE REPORTING YEAR.
CONTRIBUTIONS TO KASKASKIA COLLEGE TOTALING $242,155 FOR VARIOUS CAPITAL PROJECTS AND OTHER ITEMS. $26,993 OTHER EDUCATIONAL, INFORMATIONAL, AND ENTERTAINMENT EVENTS AT KASKASKIA COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Hesker 1st Vice President | OfficerTrustee | 1 | $0 |
Craig Finke President | OfficerTrustee | 1 | $0 |
Jay Jolliff Treasurer | OfficerTrustee | 1 | $0 |
Bruce Barkau 2nd Vice President | OfficerTrustee | 1 | $0 |
Lualice Kampwerth Secretary | OfficerTrustee | 1 | $0 |
Judy Hemker VP Of Admin Services | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,700 |
| Investment income | $198,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,535 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $136 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $471,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $263,661 |
| 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 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 | $0 |
| Fees for services: Accounting | $10,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $319 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,220 |
| Insurance | $1,330 |
| All other expenses | $0 |
| Total functional expenses | $552,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $593,976 |
| Savings and temporary cash investments | $2,093,911 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $6,702,127 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,959 |
| Total assets | $10,097,454 |
| Accounts payable and accrued expenses | $17,402 |
| Grants payable | $0 |
| Deferred revenue | $19,623 |
| 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 | $37,025 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $10,060,429 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kaskaskia College Foundation has recieved totaling $135.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $135 |
Endowment Analysis
| Beg. Balance | $8,457,989 |
| Earnings | $1,639,541 |
| Net Contributions | $260,780 |
| Other Expense | $259,031 |
| Grants | $263,661 |
| Ending Balance | $9,835,618 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Coe College Cedar Rapids, IA | $182,564,776 | $91,175,984 |
Beloit College Beloit, WI | $210,386,491 | $86,166,985 |
Knox College Galesburg, IL | $294,322,347 | $90,404,751 |
Wabash College Crawfordsville, IN | $537,122,152 | $89,745,763 |
Earlham College Richmond, IN | $378,034,692 | $128,405,386 |
Drury University Springfield, MO | $197,297,672 | $75,721,067 |
Hanover College Trustees Hanover, IN | $246,034,374 | $66,713,330 |
University Of Saint Francis Of Fort Wayne Indiana Inc Fort Wayne, IN | $133,868,306 | $78,578,588 |
Central College Pella, IA | $182,044,293 | $65,374,610 |