Kansas Independent College Foundation

Organization Overview

Kansas Independent College Foundation is located in Topeka, KS. The organization was established in 1955. According to its NTEE Classification (B40) the organization is classified as: Higher Education, 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. Kansas Independent 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, Kansas Independent College Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 26.4% 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.

Since 2016, Kansas Independent College Foundation has awarded 98 individual grants totaling $405,716. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE EDUCATIONAL PROGRAMS OF ITS MEMBER COLLEGES BY RECEIVING AND ACCEPTING PROPERTY TO BE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES, PRIMARILY IN CONNECTION WITH THE PROMOTION AND SUPPORT OF EDUCATION AND ENCOURAGEMENT OF UNDERGRADUATE AND ADVANCED EDUCATION PROGRAMS IN KANSAS, AND TO ASSIST SUCH PROGRAMS IN UNDERGRADUATE AND ADVANCED EDUCATION PROGRAMS IN KANSAS, AND TO ASSIST SUCH PROGRAMS IN PERFORMING THE EDUCATIONAL NEEDS OF KANSAS AND TO PROMOTE THEIR GENERAL WELFARE AND FUNDING FOR SUCH PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

A RANGE OF ACTIVITIES TO STRENGTHEN 20 MEMBER COLLEGES, INCLUDING FINANCIAL SUPPORT, STUDENT AID, IMPROVED ADMINISTRATIVE SERVICES, PROFESSIONAL DEVELOPMENT FOR FACULTY/STAFF.


KICF OFFERS A CONSORTIUM-BASED VENDOR CONTRACT FOR ENTERPRISE RESOURCE PLANNING SOFTWARE FOR PARTICIPATING MEMBER CAMPUSES, COORDINATES TRAINING AND SUPPORT ACTIVITIES FOR THAT SOFTWARE SYSTEM ACROSS MULTIPLE CAMPUSES, AND SERVES AS A LEAD POINT OF CONTACT FOR TROUBLESHOOTING AND SYSTEM UPDATES.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Ingram
Vice Chairperson
$0
Msgr Stuart Swetland
Treasurer
$0
Dr Michael P Schneider
Chairperson
$0
Dr Lynne Murray
Secretary
$0
Matthew E Lindsey
Executive Director
$0
Dr David Spittal
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$172,593
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$45,963
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$218,556
Total Program Service Revenue$919,888
Investment income $28,737
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$52,393
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,116,903

Grants Awarded

Over the last fiscal year, Kansas Independent College Foundation has awarded $13,483 in support to 2 organizations.

Grant RecipientAmount

BENEDICTINE COLLEGE

Org PageRecipient Profile

Atchison, KS

PURPOSE: Financial support of a member college.

$8,438

NEWMAN UNIVERSITY

Org PageRecipient Profile

Wichita, KS

PURPOSE: Financial support of a member college.

$5,045
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Kansas Independent College Foundation has recieved totaling $2,250.

Awarding OrganizationAmount
Orscheln Industries Foundation Inc

Moberly, MO

PURPOSE: GENERAL PURPOSE

$1,250
Berry Foundation Inc

Wichita, KS

PURPOSE: ANNUAL GIFT

$1,000
View Grant Recipient Profile

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