2024-12-19T08:19:17-06:00 2024-06-30 363168081 SIKICH LLC 1415 W DIEHL RD SUITE 400 NAPERVILLE IL 605632349 990 2023-07-01 362917302 OAKTON COMMUNITY COLLEGE EDUCATIONAL FOUNDATION OAKT 8476351893 1600 E GOLF ROAD 1640 DES PLAINES IL 600161234 KATHERINE S SAWYER CHIEF ADVANCEMENT OFFICER 8476351893 2024-12-18 1 1 X HEATHER BONIFAS CPA P01711657 6305668400 2024-12-16 2023 2024-10-15 13:58:12Z X OAKTON COLLEGE EDUCATIONAL FOUNDATION KATHERINE S SAWYER 1600 E GOLF ROAD 1640 DES PLAINES IL 600161234 8515008 0 X WWW.OAKTON.EDU/GIVING X 1977 IL TO ENABLE STUDENT SUCCESS. 24 24 0 30 0 0 1261581 1789752 0 0 1050650 1065768 0 0 2312231 2855520 1328216 1517681 0 0 0 0 0 0 2950 306115 303992 1634331 1821673 677900 1033847 19232533 21640408 151637 409587 19080896 21230821 X TO ENABLE STUDENT SUCCESS. 0 0 1004475 1004475 THE FOUNDATION OVERSEES MORE THAN 140 ACTIVE SCHOLARSHIPS AND DISTRIBUTED 532 SCHOLARSHIP AWARDS TO 522 INDIVIDUAL STUDENTS TO ASSIST SCHOLARS WHO FACE FINANCIAL BARRIERS TO ACCESS, PERSISTANCE, AND SUCCESS IN COLLEGE. SCHOLARSHIP AWARDS ARE MADE BASED ON CRITERIA ESTABLISHED BY DONORS, WHICH MAY INCLUDE BUT IS NOT LIMITED TO ACADEMIC EXCELLENCE, DEMONSTRATED LEADERSHIP STRENGTHES, SPECIFIC PROGRAMS OF STUDY, AND FINANCIAL NEED. 352436 352436 THE FOUNDATION EXTENDED 15 INDIVIDUAL PROJECT GRANTS TO FACULTY AND EMPLOYEES TO SEED INNOVATION AND FUEL STUDENT AND COMMUNITY ENGAGEMENT OPPORTUNITIES, AS WELL AS SUPPORTING FOUNDATION CAPACITY BUILDING. 122691 122691 PROGRAM EXPENDITURES RELATED TO STUDENT DEBT RELIEF IN THE AMOUNT OF $122,691, SUPPORTING 95 STUDENTS TO AID IN RETENTION AND COMPLETION AS WELL AS INVESTMENT IN OTHER ACADEMIC AND STUDENT SUPPORT INITIATIVES. 38079 38079 EMERGENCY FUNDS PROVIDED TO STUDENTS AND EMPLOYEES WHO FACE UNEXPECTED HARDSHIP THAT MIGHT PREVENT THEM FROM CONTINUING THEIR EDUCATION AS WELL AS AWARDS FOR EMPLOYEE EXCELLENCE RELATED TO EXCEPTIONAL STUDENT SERVICE. 38079 38079 1517681 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X X PETER CARLSON 8476351893 1600 E GOLF ROAD 1640 DES PLAINES IL 600161234 MURRAY SPRUNG PRESIDENT 0.30 X X 0 0 0 CARL COSTANZA IMMED PAST PRESIDENT 0.30 X X 0 0 0 JULIE FENTON VICE PRESIDENT/PRESIDENT-ELECT 0.30 X X 0 0 0 NANCY SULLIVAN TREASURER 0.30 X X 0 0 0 JEFF CONEY SECRETARY 0.30 X X 0 0 0 ALEX BORYSZEWSKI DIRECTOR 0.20 X 0 0 0 HANSY CHARLIER DIRECTOR 0.20 X 0 0 0 KATE GALLAGHER DIRECTOR 0.20 X 0 0 0 HANK GALATZ JD DIRECTOR 0.20 X 0 0 0 SCOTT HURWITZ DIRECTOR 0.20 X 0 0 0 REGINA HOLLOWAY JD DIRECTOR 0.20 X 0 0 0 KATIE HUNT DIRECTOR 0.20 X 0 0 0 CATHERINE LEONARD DIRECTOR 0.20 X 0 0 0 KATHY LICHTENSTEIN DIRECTOR 0.20 X 0 0 0 JOHN MADISON DIRECTOR 0.20 X 0 0 0 JOAN C RICHARDS EDD DIRECTOR 0.20 X 0 0 0 NATASHA BANNATYLE RICHARDS DIRECTOR 0.20 X 0 0 0 JEFFREY RODRIGUEZ DIRECTOR 0.20 X 0 0 0 STEVE SALAMAN DIRECTOR 0.20 X 0 0 0 HOWARD S SINGER DIRECTOR 0.20 X 0 0 0 CINDY VEREMIS DIRECTOR 0.20 X 0 0 0 ELLA WOODFORD-PARKER DIRECTOR 0.20 X 0 0 0 JODI WREDE DIRECTOR 0.20 X 0 0 0 LINDA KORBEL DIRECTOR 0.20 X 0 0 0 JOIANNE SMITH PHD COLLEGE PRESDIENT DIR - EX OFFICIO 1.00 40.00 X 0 356322 52398 KATHERINE SAWYER CFRE EXECUTIVE DIR DIR-EX OFFICIO, CHIEF ADV. 20.00 20.00 X 0 181222 20467 0 537544 72865 0 0 1 0 0 50000 329000 1410752 1789752 1087975 1087975 5637281 5659488 -22207 -22207 -22207 2855520 0 0 1065768 352436 352436 1165245 1165245 93122 93122 120130 120130 13214 13214 20888 20888 22837 22837 BAD DEBT 13852 13852 PROFESSIONAL DEVELOPMEN 12781 12781 BANK AND CREDIT CARD FE 4218 4218 MISCELLANEOUS 2950 2950 1821673 1517681 301042 2950 84087 409096 63008 107643 24288 24979 19049702 21098690 11448 0 19232533 21640408 22991 9298 128646 400289 151637 409587 X 9733123 10602699 9347773 10628122 19080896 21230821 19232533 21640408 1033847 1116078 0 X 0 1 X 1 0 X X 1 OAKTON COMMUNITY COLLEGE DIST 535 362681999 6 1 351636 0 1 351636 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X PART I ADDITIONAL SUPPLEMENTAL INFORMATION LINE 12G(VI) AMOUNTS OF OTHER SUPPORT INCLUDE DONATIONS OF EQUIPMENT AND SUPPLIES RECEIVED BY THE FOUNDATION THAT BENEFITS SPECIFIC DEPARTMENTS OR ACTIVITIES OF THE COLLEGE PART IV, SECTION A, LINE 2: OAKTON COMMUNITY COLLEGE DISTRICT 535 IS A GOVERNMENT ENTITY AND DOES NOT HAVE AN IRS DETERMINATION PART IV, SECTION D, LINE 3 THE PRESIDENT AND CHIEF ADVANCEMENT OFFICER OF THE COLLEGE ARE ON THE EXECUTIVE COMMITTEE AND GOVERNANCE COMMITTEE OF THE FOUNDATION. ADDITIONALLY, THE CHIEF ADVANCEMENT OFFICER AND CONTROLLER OF THE COLLEGE ARE ON THE FINANCE AND INVESTMENT COMMITTEE OF THE FOUNDATION. PART IV, SECTION E BOX 1C OAKTON COMMUNITY COLLEGE DISTRICT 535, A GOVERNMENT ENTITY, RECEIVED SUPPORT FROM THE EDUCATION FOUNDATION FOR (1)OAKTON STUDENT SCHOLARSHIPS TOTALING $1,004,475 TO BOLSTER RETENTION AND DEGREE/CERTIFICATION ATTAINMENT; (2) GRANTS TO FACULTY AND STAFF TOTALING $351,636 TO SEED INNOVATION AND FUEL STUDENT AND COMMUNITY ENGAGEMENT OPPORTUNITIES. (3) EMERGENCY FUNDS PROVIDED TO STUDENTS AND EMPLOYEES WHO FACE UNEXPECTED HARDSHIP THAT MIGHT PREVENT THEM FROM CONTINUING THEIR EDUCATION AS WELL AS AWARDS FOR EMPLOYEE EXCELLENCE RELATED TO EXCEPTIONAL STUDENT SERVICE TOTALING $38,079 (4) STUDENT DEBT RELIEF $122,691 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6724335 980078 561104 162170 463 8102884 6208576 324793 394309 190378 12965 6724335 6668864 461040 -694537 179438 47353 6208576 5547335 477330 852155 158346 49610 6668864 5605114 67802 63898 139935 49544 5547335 0.00000 0.75100 0.24900 0 0 0 DUE TO COLLEGE 400289 400289 X 4348816 1116078 470340 1586418 2762398 93122 93122 2855520 2198891 470340 470340 1728551 93122 93122 1821673 PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS ARE USED TO MAKE LEARNING ACCESSIBLE TO STUDENTS IN NEED AND TO ENHANCE THE PROGRAMS AND SERVICES OF OAKTON COMMUNITY COLLEGE DISTRICT 535. SPECIFICALLY, THE ENDOWMENTS PROVIDE A) SCHOLARSHIP AWARDS ENABLING STUDENTS TO ACCESS HIGHER EDUCATION AND B) FUNDING FOR CRITICAL INITIATIVES, INNOVATIVE PROGRAMS AND/OR UNIQUE LEARNING OPPORTUNITIES THAT FALL OUTSIDE THE COLLEGE'S ANNUAL OPERATING BUDGET. 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 IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE FOUNDATION EVALUATES ITS UNCERTAIN TAX POSITIONS ON AN ANNUAL BASIS, AND THERE HAVE BEEN NO RECORDED UNCERTAIN TAX POSITIONS RECORDED IN 2023, 2022 OR 2021. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE FOUNDATION FILES VARIOUS FEDERAL OR STATE NON-PROFIT TAX RETURNS. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2020. 1 OAKTON COMMUNITY COLLEGE 1600 E GOLF ROAD DES PLAINES IL 60016 362681999 170(B)(I)(A) 0 352436 PROGRAM GRANTS, EQUIPMENT 1 SCHOLARSHIPS 522 1004475 EMERGENCY ASSISTANCE FUNDS 85 32079 FACULTY AND STAFF EXCELLENCE AWARDS 4 6000 STUDENT DEBT RELIEF 95 122691 PART I, LINE 2: GRANT FUNDS RECEIVE A UNIQUE EXPENSE CODE IDENTIFIER IN THE COLLEGE'S ACCOUNT SYSTEM, WHICH IS MONITORED BY THE COLLEGE'S ACCOUNTING OFFICE. DIRECT DISBURSEMENTS ARE MANAGED BY THE FOUNDATION'S SENIOR MANAGER OF FINANCE AND OPERATIONS. BOTH PARTIES ARE RESPONSIBLE FOR OBTAINING ADEQUATE SUPPORT DOCUMENTATION FOR EACH CLAIM. PART II, LINE 1H THE FOUNDATION AWARDS GRANTS TO THE COLLEGE TO FOSTER EDUCATIONAL INNOVATION AND OTHER STRATEGIC INITIATIVES THAT SUPPORT STUDENT LEARNING. PART III, LINE 2 EMERGENCY ASSISTANCE FUNDS ARE AVAILABLE TO SUPPORT BOTH STUDENTS AND EMPLOYEES WHEN HARDSHIPS ARISE. STUDENT EMERGENCY ASSISTANCE IS PROVIDED UPON THE RECOMMENDATION OF THE COLLEGE'S VICE PRESIDENT FOR STUDENT AFFAIRS. THESE FUNDS COVER THE COST OF SHORT-TERM EMERGENCY NEEDS SO THAT STUDENTS CAN REMAIN IN SCHOOL AND COMPLETE THEIR EDUCATION. WHENEVER POSSIBLE, PAYMENTS ARE MADE TO THIRD PARTIES ON BEHALF OF THESE STUDENTS. EMPLOYEE ASSISTANCE IS PROVIDED UPON THE RECOMMENDATION OF THE COLLEGE'S CHIEF HUMAN RESOURCE OFFICER. THESE FUNDS PROVIDE MONETARY ASSISTANCE TO EMPLOYEES OF THE COLLEGE WHO ARE AFFECTED BY MAJOR DISASTER (FLOOD, FIRE, ETC.), DEATH, OR MAJOR ILLNESS OR INJURY. 0 0 0 0 0 0 0 0 0 JOIANNE SMITH PHD COLLEGE PRESDIENT DIR - EX OFFICIO 0 356322 0 0 0 0 0 25216 0 27182 0 408720 0 0 KATHERINE SAWYER CFRE EXECUTIVE DIR DIR-EX OFFICIO, CHIEF ADV. 0 181222 0 0 0 0 0 0 0 20467 0 201689 0 0 PART I, LINE 3 COMPENSATION PROCESS IS DETERMIED BY OAKTON COMMUNITY COLLEGE, AND IS BASED ON A SALARY SCHEDULE USING THE HAY GROUP METHOD AND COMPENSATION SURVEY. COMPENSATION IS APPROVED BY THE OAKTON COMMUNITY COLLEGE'S BOARD OF TRUSTEES AS AN ACROSS THE BOARD INCREASE FOR ALL ADMINISTRATORS. OAKTON DOES NOT HAVE MERIT BASED RAISES. PART II THE PRESIDENT AND CHIEF ADVANCEMENT OFFICER OF OAKTON COMMUNITY COLLEGE DISTRICT 535 ARE EX-OFFICIOS DIRECTOR OF THE FOUNDATION. THE FOUNDATION AND THE COLLEGE DO NOT PROVIDE COMPENSATION FOR THE COLLEGE PRESIDENT AND CHIEF ADVANCEMENT OFFICER IN THE CAPACITY AS A MEMBER OF THE FOUNDATION'S BOARD. X 11 0 N/A 0 0 0 SCHEDULE M, PART I, COLUMN (B): THERE IS NO REVENUE REPORTED AND THE VALUE OF THE ART IS NOT ON THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF FORM 990 IS PROVIDED TO ALL MEMBERS OF THE FOUNDATION BOARD. FORM 990 IS FILED AFTER IT IS APPROVED BY THE FOUNDATION BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY STATES THAT IN CONNECTION WITH ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST, A BOARD MEMBER MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATION IS PAID BY A RELATED PARTY OAKTON COMMUNITY COLLEGE DISTRICT 535. COMPENSATION PROCESS IS DETERMINED BY OAKTON COMMUNITY COLLEGE, AND IS BASED ON A SALARY SCHEDULE USING THE HAY GROUP METHOD AND COMPENSATION SURVEY. COMPENSATION IS APPROVED BY THE OAKTON COMMUNITY COLLEGE'S BOARD OF TRUSTEES AS AN ACROSS THE BOARD INCREASE FOR ALL ADMINISTRATORS. OAKTON DOES NOT HAVE MERIT BASED RAISES. FORM 990, PART VI, SECTION C, LINE 19 THROUGH OUR WEBSITE AT WWW.OAKTON.EDU/GIVING AND UPON REQUEST FOLLOWING OUR PUBLIC INFORMATION POLICY. OAKTON COMMUNITY COLLEGE DISTRICT 535 1600 E GOLF ROAD DES PLAINES IL 60016 362681999 HIGHER EDUCATION IL 501(C)(1) N/A 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1 0