Flathead Valley Community College Foundation Inc

Organization Overview

Flathead Valley Community College Foundation Inc is located in Kalispell, MT. The organization was established in 1977. 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. Flathead Valley Community College Foundation Inc 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 12/2021, Flathead Valley Community College Foundation Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $4.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ASSIST THE FLATHEAD VALLEY COMMUNITY COLLEGE WITH FUNDRAISING AND SCHOLARSHIPS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE FUNDING FOR CONSTRUCTION OF THE BROUSSARD FAMILY LIBRARY AND LEARNING COMMONS AND THE COLLEGE CENTER ON FLATHEAD VALLEY COMMUNITY COLLEGE'S KALISPELL CAMPUS.


PROVIDING SCHOLARSHIP FUNDING TO STUDENTS AT FLATHEAD VALLEY COMMUNITY COLLEGE. IN ADDITION, PROVIDING EMERGENCY ASSISTANCE GRANTS OF UP TO $300 TO STUDENTS WITH AN EMERGENCY SITUATION THAT MAY PREVENT THEM FROM GETTING TO CLASS.


TO ASSIST WITH TECHNOLOGY EXPENSES AT FVCC AND PURCHASE BOARDABLE BOARD SOFTWARE.


SUPPORT FLATHEAD VALLEY COMMUNITY COLLEGE'S CULINARY ARTS ASSOCIATE OF APPLIED SCIENCE DEGREE PROGRAM AND CHEF'S TABLE INTERNSHIP PROGRAM. ALSO PROVIDE FUNDING TO FACULTY AND STAFF AT FLATHEAD VALLEY COMMUNITY COLLEGE FOR INNOVATIVE PROJECTS THAT FOCUS ON STUDENT RETENTION AND TO ASSIST WITH STUDENT TRAVEL TO PRESENT RESEARCH CONFERENCES. TO ASSIST WITH EXPENSES ASSOCIATED WITH THE STUDENT HEALTH CLINIC HOUSED IN THE REBECCA CHANEY BROUSSARD NURSING AND HEALTH SCIENCE BUILDING. TO ASSIST WITH EXPENSES ASSOCIATED WITH THE NURSING PROGRAM AT FVCC.


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Board, Officers & Key Employees

Name (title)Compensation
Justin Sliter
Past Chair
$0
Walter Kuhn
Chair
$0
Tracy Freeman
Treasurer - Part Year
$0
Joe Kola
Treasurer - Part Year
$0
Jessica Hanson
Vice Chair
$0
Russell Barnes
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$274,226
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,325,599
Noncash contributions included in lines 1a–1f $1,055,572
Total Revenue from Contributions, Gifts, Grants & Similar$4,599,825
Total Program Service Revenue$0
Investment income $392,742
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,178,038
Net Income from Fundraising Events $35,651
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,206,256

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Flathead Valley Community College Foundation Inc has recieved totaling $5,170.

Awarding OrganizationAmount
Eaves Family Foundation Inc

Los Angeles, CA

PURPOSE: DONATION

$5,000
First Interstate Bancsystem Foundation Inc

Billings, MT

PURPOSE: GENERAL OPERATING SUPPORT

$170
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$19,347,750
Earnings$2,252,388
Net Contributions$4,487,866
Other Expense$3,973,692
Ending Balance$22,114,312

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