Lincoln Land Community College Foundation
- Assets
- $25.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 09/1996
- Data as of
- 06/2022
- EIN
- 37-1360597
Organization Overview
Lincoln Land Community College Foundation is located in Springfield, IL. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Land 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, Lincoln Land Community College Foundation generated $2.5m 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 (4.2%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. 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
CULTIVATE AND STEWARD CHARITABLE GIFTS TO ENRICH AND SUPPORT LLCC STUDENTS, PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LINCOLN LAND COMMUNITY COLLEGE FOUNDATION WAS ORGANIZED AND OPERATES TO EXCLUSIVELY RAISE AND RECEIVE CHARITABLE GIFTS AND PROVIDE FINANCIAL SUPPORT TO THE EDUCATIONAL PROGRAMS AND SERVICES AT LINCOLN LAND COMMUNITY COLLEGE; TO ASSIST IN INCREASING AND ENHANCING THE PHYSICAL AND CULTURAL ENVIRONMENT OF THE COLLEGE; TO BROADEN THE EDUCATIONAL OPPORTUNITIES AND SERVICES FOR ITS STUDENTS, ALUMNI, AND CITIZENS OF THE DISTRICT; AND TO PROVIDE FUNDS TO IMPLEMENT SCHOLARSHIPS AND VARIOUS AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Dierkes Treasurer | OfficerTrustee | 2 | $0 |
Brett Jackson Vice Chair | OfficerTrustee | 1 | $0 |
Jennifer Stice Chair | OfficerTrustee | 2 | $0 |
Karen Sanders Executive Director | Officer | 40 | $0 |
Dan Wilcoxen Member | Trustee | 1 | $0 |
Justin Knoedler Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $87,450 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,049,706 |
| Noncash contributions included in lines 1a–1f | $35,691 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,137,156 |
| Total Program Service Revenue | $0 |
| Investment income | $210,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,200 |
| Net Gain/Loss on Asset Sales | $146,367 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,531,176 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,481,428 |
| Grants and other assistance to domestic individuals. | $392,424 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| 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 | $1,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,949 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,270 |
| Insurance | $0 |
| All other expenses | $32,497 |
| Total functional expenses | $3,259,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,141,427 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,145,217 |
| Accounts receivable, net | $30 |
| 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 | $7,500 |
| Net Land, buildings, and equipment | $3,347,054 |
| Investments—publicly traded securities | $9,791,223 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,432,451 |
| Accounts payable and accrued expenses | $679,277 |
| Grants payable | $11,230 |
| 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 | $690,507 |
| Net assets without donor restrictions | $3,023,249 |
| Net assets with donor restrictions | $21,718,695 |
| 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 | $25,432,451 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Lincoln Land Community College Foundation has recieved totaling $100,359.
| Awarding Organization | Amount |
|---|---|
Susan Cook House Education Tr Chicago, IL PURPOSE: GENERAL | $20,000 |
Brandt Foundation Inc Springfield, IL PURPOSE: GRANTS TO U.S. BASED ORGANIZATION | $20,000 |
Leona Stanford Vollintine Charitable Trust Taylorville, IL PURPOSE: SCHOLARSHIP | $19,000 |
Drusilla Aden Charitable Tr Tua Petersburg, IL PURPOSE: TUITION ASSISTANCE TO CHARLES GUM AND LUKE ADAMS | $17,190 |
Lucille M Findley Memorial Foundation Springfield, IL PURPOSE: SCHOLARSHIPS | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $9,500 |
Endowment Analysis
| Beg. Balance | $9,721,062 |
| Earnings | -$1,203,715 |
| Net Contributions | $413,769 |
| Other Expense | $41,480 |
| Grants | $216,030 |
| Ending Balance | $8,673,606 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crown Family Foundation Chicago, IL | $468,729,562 | $19,005,366 |
Christian Community Health Center Chicago, IL | $24,875,996 | $21,223,346 |
Jewish Federation Of St Louis St Louis, MO | $156,968,183 | $19,475,995 |
Pritzker Family Philanthropic Fund Chicago, IL | $175,241,348 | $15,696,254 |
Memorial Foundation Inc Belleville, IL | $139,919,506 | $17,553,919 |
Ramtell Inc Tell City, IN | $25,696,087 | $2,760,088 |
Marquardt Home And Community Based Services Inc Watertown, WI | $9,140,172 | $14,598,397 |
Jewish Federation Of Greater Indianapolis Inc Indianapolis, IN | $105,560,722 | $10,106,603 |
Winning Wheels Inc Prophetstown, IL | $11,909,541 | $13,671,140 |
United Way Fox Cities Inc Menasha, WI | $16,186,120 | $10,302,524 |
Heart Of Illinois United Way Inc Peoria, IL | $14,132,248 | $9,955,140 |
Jewish Community Of Louisville Inc Louisville, KY | $51,829,029 | $17,241,761 |