2024-02-01T07:43:41-06:00 2023-06-30 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2022-07-01 262126437 KANKAKEE COMMUNITY COLLEGE FOUNDATION KANK 8158028100 100 COLLEGE DR KANKAKEE IL 60901 KAY GREEN CHAIRPERSON 8158028100 2024-01-24 1 KAY GREEN 999009999 1 MICHAEL J PETERSON CPA P01833529 2187224705 2024-01-24 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z KANKAKEE COMM COLL FOUNDATION INC KAY GREEN 100 COLLEGE DR KANKAKEE IL 60901 2197515 0 X FOUNDATION.KCC.EDU X 2008 IL SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO PROMOTE EDUCATIONAL OPPORTUNITIES AT KANKAKEE COMMUNITY COLLEGE 19 19 0 33 0 0 328175 450424 0 0 536065 126502 0 0 864240 576926 214190 810260 0 0 0 0 0 0 25234 49865 82729 264055 892989 600185 -316063 9818993 10080573 291637 193928 9527356 9886645 SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO PROMOTE EDUCATIONAL OPPORTUNITIES AT KANKAKEE COMMUNITY COLLEGE 0 0 810260 810260 0 IN FY 2023, THE KANKAKEE COMMUNITY COLLEGE FOUNDATION (KCCF) WAS ABLE TO SUPPORT THE COLLEGE BY PROVIDING $500,000 FROM DONOR FUNDS TOWARD THE RELOCATION OF THE COLLEGE'S BOOKSTORE TO MORE OF THE CENTER OF THE COLLEGE. THIS ALLOWED THE BOOKSTORE TO BE MOVED FROM A CORNER OF THE COLLEGE TO ACROSS FROM THE LIBRARY IN A MOVE CENTRAL AND EASILY ACCESSIBLE AREA OF THE COLLEGE. THE FOUNDATION ALSO HAS FUNDS TO HELP REPLENISH THE COLLEGE'S FOOD PANTRY. THE COLLEGE HAS ABOUT 125-150 STUDENTS VISIT THE FOOD PANTRY EACH DAY. THE FOUNDATION WAS ALSO ABLE TO ASSIST 15 STUDENTS DURING FY2023 WITH EMERGENCY FUNDING TO AID THEM WITH ANY BARRIERS WHICH WOULD KEEP THEM FROM ATTENDING CLASSES. IN ADDITION TO THAT THE FOUNDATION HELPED SUPPORT OVER 200 STUDENT SCHOLARSHIPS. 810260 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 IL X SARAH PETERS 8158028142 100 COLLEGE DRIVE KANKAKEE IL 60901 X DR KAY GREEN CHAIRPERSON 1.00 X X 0 0 0 MAGGIE FROGGE VICE CHAIRPERSON 1.00 X X 0 0 0 MICHAEL LYNCH SECRETARY 1.00 X X 0 0 0 MARK SMITH TREASURER 1.00 X X 0 0 0 DAVID BARON DIRECTOR 1.00 X 0 0 0 DR MICHAEL BOYD PRESIDENT OF COLLEGE 1.00 X 0 0 0 ROD BURKETT DIRECTOR 1.00 X 0 0 0 ROBERT DE OLIVEIRA DIRECTOR 1.00 X 0 0 0 LISA DUGAN DIRECTOR 1.00 X 0 0 0 COLETTE GERNON DIRECTOR 1.00 X 0 0 0 WALTER HASSELBRING III DIRECTOR 1.00 X 0 0 0 BRAD HOVE COLLEGE BOARD LIASON 1.00 X 0 0 0 JIMMY JOINES DIRECTOR 1.00 X 0 0 0 JOHN KEIGHER DIRECTOR 1.00 X 0 0 0 MICHAEL MALONEY DIRECTOR 1.00 X 0 0 0 MAUREEN POWELL DIRECTOR 1.00 X 0 0 0 KEVIN VAN DE VEN DIRECTOR 1.00 X 0 0 0 PATT VILT DIRECTOR 1.00 X 0 0 0 ANDREW WHEELER DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 450424 35935 450424 277187 277187 1469904 1620589 -150685 -150685 -150685 576926 0 0 126502 572215 572215 238045 238045 10215 10215 2849 2849 DONOR CULTIVATION 20013 20013 CONTRACTUAL 17024 231 16793 ALUMNI EVENTS 15226 15226 SOFTWARE 2468 2468 14934 6493 8441 892989 810260 57495 25234 800669 623974 192970 147619 1707 2892 8425857 9302785 396707 0 1083 3303 9818993 10080573 776 6924 290861 187004 291637 193928 X 1885096 1693753 7642260 8192892 9527356 9886645 9818993 10080573 -316063 675352 0 X 0 1 X 1 0 X 1831016 1495313 725702 328175 450424 4830630 1831016 1495313 725702 328175 450424 4830630 4830630 210355 244105 173028 257652 277187 1162327 5992957 0.80610 0.82490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7642260 277628 660107 142230 244873 8192892 9097788 251532 -1168190 538870 7642260 7152102 674376 1781675 510365 9097788 8599719 386845 -275749 1558713 7152102 7114283 1634111 58015 206690 8599719 0.00000 0.57920 0.42080 0 0 0 DUE TO KANKAKEE COMMUNITY COLLEGE 187004 187004 X 1430699 675352 178421 853773 576926 0 576926 1071410 178421 178421 892989 0 892989 PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION FILES FORMS 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. WHEN THESE RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE "MORE LIKELY THAN NOT" RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY TO BE REALIZED ON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. FORMS 990 FILED BY THE FOUNDATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. 1 KANKAKEE COMMUNITY COLLEGE DISTRICT 520 100 COLLEGE DRIVE KANKAKEE IL 60901 362612340 542215 30000 FMV 2 DIESEL ENGINES SPECIAL PROJECTS 1 0 SCHOLARSHIPS 223 238045 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: THE FOUNDATION MONITORS DISBURSEMENTS OF ITS SCHOLARSHIP MONIES THROUGH THE FINANCIAL AID OFFICE AT KANKAKEE COMMUNITY COLLEGE. X DIESEL ENGINES 2 30000 FMV X VARIOUS ITEMS 10 5935 FMV 0 0 0 0 FORM 990, PART I, ITEM C DBA: KANKAKEE COMM COLL FOUNDATION INC DBA: KANKAKEE COMMUNITY COLLEGE FOUNDATION INC FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 FORM 990 IS REVIEWED BY THE FOUNDATION'S EXECUTIVE DIRECTOR AND THE FINANCE DEPARTMENT OF KANKAKEE COMMUNITY COLLEGE BEFORE SUBMISSION TO THE OFFICERS OF THE FOUNDATION. THE OFFICERS THEN REVIEW AND SIGN THE RETURN FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE DETERMINED BY THE EXECUTIVE DIRECTOR OF THE FOUNDATION, WHO IN TURN MAY CONSULT LEGAL COUNSEL, THE EXECUTIVE COMMITTEE OR THE BOARD OF DIRECTORS IN EXECUTIVE SESSION. BOARD MEMBERS OR OFFICERS WHO HAVE DECLARED OR HAVE BEEN FOUND TO HAVE A CONFLICT OF INTEREST BY THE KCC FOUNDATION EXECUTIVE COMMITTEE AS DEFINED HEREIN SHALL REFRAIN FROM CONSIDERATION OF PROPOSED TRANSACTIONS, UNLESS FOR SPECIAL REASONS THE BOARD OR ADMINISTRATION REQUESTS INFORMATION OR INTERPRETATION. PERSONS WITH CONFLICTS SHALL NOT VOTE, PARTICIPATE IN DISCUSSION OR BE PRESENT AT THE TIME OF THE VOTE. ANY PROPOSED TRANSACTION IN WHICH A CONFLICT OF INTEREST HAS BEEN DECLARED OR FOUND TO EXIST MUST BE APPROVED BY A MAJORITY OF THE DISINTERESTED MEMBERS OF THE BOARD OR THE EXECUTIVE COMMITTEE OF THE BOARD AFTER DISCLOSURE OF THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE OFFICES OF KANKAKEE COMMUNITY COLLEGE DISTRICT 520.