Heartland Community College Foundation
- Assets
- $10.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Normal, IL
- Founding
- 10/1992
- Data as of
- 06/2021
- EIN
- 37-1288368
Organization Overview
Heartland Community College Foundation is located in Normal, IL. The organization was established in 1992. 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. Heartland 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 06/2021, Heartland Community College Foundation generated $1.5m 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 (7.9%) each year. All expenses for the organization totaled $861.8k during the year ending 06/2021. 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
TO ASSIST IN DEVELOPING AND INCREASING THE FACILITIES OF HEARTLAND COMMUNITY COLLEGE AND PROVIDING SCHOLARSHIPS TO HCC STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS PROVIDED TO HEARTLAND COMMUNITY COLLEGE STUDENTS BASED ON RESTRICTIONS SET FORTH BY DONORS AND PROGRAM DONATIONS TO HEARTLAND COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Toni Bishop-Mcwain 2nd Vice Chair | OfficerTrustee | 1 | $0 |
Sarah Powell Past Chair | OfficerTrustee | 1 | $0 |
Kirk Mccullick 1st Vice Chair | OfficerTrustee | 1 | $0 |
George Wood Chairman | OfficerTrustee | 1 | $0 |
Letisha Trepac Sec/treasurer | Officer | 1 | $0 |
Chris Downing Executive Dir. | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $979,276 |
| Investment income | $139,673 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $299,062 |
| Net Income from Fundraising Events | $118,591 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,537,200 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $365,666 |
| 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 | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,887 |
| Fees for services: Other | $238,570 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $861,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,882 |
| Savings and temporary cash investments | $167,484 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,057 |
| 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 | $22,309 |
| Investments—publicly traded securities | $9,757,463 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,093,195 |
| Accounts payable and accrued expenses | $41,689 |
| 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 | $0 |
| Total liabilities | $41,689 |
| 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 | $10,051,506 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Heartland Community College Foundation has recieved totaling $402,869.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $206,800 |
Illinois Corn Marketing Board Bloomington, IL PURPOSE: AG PROGRAM FUNDING | $150,000 |
Illinois Prairie Community Foundation Inc Bloomington, IL PURPOSE: CHARITABLE PURPOSES | $18,000 |
Woods Foundation Lincoln, IL PURPOSE: COLLEGE SCHOLARSHIPS | $12,563 |
The Growmark Foundation Bloomington, IL PURPOSE: FOR CANCER RESEARCH | $12,500 |
Robert J & Helen F Johnston Tr Terre Haute, IN PURPOSE: GENERAL | $2,000 |
Endowment Analysis
| Beg. Balance | $6,251,042 |
| Earnings | $1,780,107 |
| Net Contributions | $350,489 |
| Other Expense | -$91,683 |
| Grants | $236,422 |
| Ending Balance | $8,236,899 |
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 |