2024-11-01T14:09:04+00:00 2024-06-30 440160260 Forvis Mazars LLP 225 N Water St Suite 400 Decatur IL 62523 990 2023-07-01 237025130 PARKLAND COLLEGE FOUNDATION PARK 2173512458 2400 WEST BRADLEY AVENUE CHAMPAIGN IL 61821 TRACY WAHLFELDT EXECUTIVE DIRECTOR 2024-11-01 true Debbie Watts P01559216 2174292411 2024-11-01 2023 2024-10-15 13:58:12Z TRACY WAHLFELDT 2400 WEST BRADLEY AVENUE CHAMPAIGN IL 61821 3046033 false X N/A X 1969 IL THE PARKLAND COLLEGE FOUNDATION GENERATED FUNDS TO AWARD SCHOLARSHIPS, FINANCE ECONOMIC DEVELOPMENT PROGRAMS, AND CONTRIBUTE TO THE OVERALL QUALITY OF LIFE IN EAST CENTRAL ILLINOIS. 18 18 0 21 0 0 2208392 2190051 0 311320 485454 116678 109417 2636390 2784922 998549 2830553 0 212847 224485 0 160447 80556 73983 1291952 3129021 1344438 -344099 16696467 19904662 57997 2116877 16638470 17787785 THE PARKLAND COLLEGE FOUNDATION GENERATED FUNDS TO AWARD SCHOLARSHIPS, FINANCE ECONOMIC DEVELOPMENT PROGRAMS, AND CONTRIBUTE TO THE OVERALL QUALITY OF LIFE IN EAST CENTRAL ILLINOIS. false false 2846777 2830553 SCHOLARSHIPS FOR PARKLAND COLLEGE STUDENTS AND TO SUPPORT THE EDUCATION MISSION OF PARKLAND COLLEGE. 2846777 true true false false false false false false true true false false false true false true false false false false false false false true false false true true true false false false false false false false false true false false false false false false false false true 0 0 0 false false false false false false false false false true false false false X 18 18 false false false false true true false true true false false true true true true true true true false false IL X NIKI OLMO 2173512513 2400 WEST BRADLEY AVENUE CHAMPAIGN IL 61821 DAMIEN BANKS TREASURER 1.0 X X 0 0 0 DAN MARKER PRESIDENT 1.0 X X 0 0 0 JOSEPH CHAMLEY SECRETARY 1.0 X X 0 0 0 RON BENSYL VICE PRESIDENT 1.0 X X 0 0 0 TRACY WAHLFELDT EXECUTIVE DIRECTOR 40.0 X X 159629 0 29164 CARTER BILLINGSLEY DIRECTOR 1.0 X 0 0 0 DIANE MICHAELS DIRECTOR 1.0 X 0 0 0 ELISE RIEHLE DIRECTOR 1.0 X 0 0 0 ERIC SARFF DIRECTOR 1.0 X 0 0 0 JAMES VOYLES DIRECTOR 1.0 X 0 0 0 JULIE SHAPLAND DIRECTOR 1.0 X 0 0 0 KELLY DUITSMAN-HUNT DIRECTOR 1.0 X 0 0 0 KEVIN FEENEY DIRECTOR 1.0 X 0 0 0 LISA SAPPENFIELD-BOYER DIRECTOR 1.0 X 0 0 0 MATT KELLY DIRECTOR 1.0 X 0 0 0 MIKE BLEICH DIRECTOR 1.0 X 0 0 0 PATRICIA JOHNSON DIRECTOR 1.0 X 0 0 0 ROB SCHMITT DIRECTOR 1.0 X 0 0 0 SHARON ALLEN DIRECTOR 1.0 X 0 0 0 TOMMY BLACK DIRECTOR 1.0 X 0 0 0 159629 0 29164 1 false true false 0 432839 1757212 42838 2190051 0 0 0 0 0 475658 475658 0 0 241019 231223 9796 0 9796 9796 139305 29888 109417 109417 0 0 0 0 0 2784922 0 0 594871 2215779 2215779 614774 614774 159628 79814 79814 7697 1924 1924 3849 57160 14290 14290 28580 15210 15210 0 0 0 0 1024 1024 17955 17955 MATERIALS & SUPPLIES 28174 28174 CONTRACTUAL SERVICES 10559 10559 FUNDRAISING EXPENSES 1051 1051 MISCELLANEOUS 10 10 0 0 0 0 3129021 2846777 121797 160447 1546507 2509281 22000 10500 0 0 0 0 48317 48317 0 0 14860043 17116025 0 0 267917 268856 16696467 19904662 36013 2090136 0 0 21984 26741 57997 2116877 X 323231 684983 16315239 17102802 16638470 17787785 16696467 19904662 -344099 1493414 0 X false true X true false X 1446083 3232412 1708148 2913368 2169013 11469024 0 0 1446083 3232412 1708148 2913368 2169013 11469024 3861668 7607356 195805 204855 228462 324295 475658 1429075 0 0 0 0 0 0 0 12898099 0 0.5898 0.6262 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14803139 182395 2088797 15210 17059121 13205909 351401 1259291 13462 14803139 13356331 1759288 -1895932 13778 13205909 9358258 2030488 1978475 10890 13356331 8969931 110375 286647 8695 9358258 0.05 0.35 0.6 false false 48317 48317 0 0 Accrued Vacation Payable 26741 26741 4868585 1493414 185571 419888 2098873 2769712 15210 0 15210 2784922 3719270 185571 419888 605459 3113811 15210 0 15210 3129021 Schedule D, Part V, Line 4 ENDOWMENT FUNDS WILL BE USED PRIMARILY TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING PARKLAND COLLEGE. Schedule D, Part XI, Line 2(d) ANNUAL LEASE VALUE OF AGRICULTURAL EQUIPMENT SPECIAL EVENT EXPENSE $29,888 ANNUAL LEASE VALUE OF AGRICULTURAL EQUIPMENT $390,000 TOTAL $419,888 Schedule D, Part XII, Line 2(d) ANNUAL LEASE VALUE OF AGRICULTURAL EQUIPMENT SPECIAL EVENT EXPENSE $29,888 ANNUAL LEASE VALUE OF AGRICULTURAL EQUIPMENT $390,000 TOTAL $419,888 Schedule D, Part V, Line 4 Intended uses of endowment funds ENDOWMENT FUNDS WILL BE USED PRIMARILY TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING PARKLAND COLLEGE. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 SPECIAL EVENT EXPENSE - 29888 ANNUAL LEASE VALUE OF AGRIGCULTURAL EQUIPMENT - 390000 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 SPECIAL EVENT EXPENSE - 29888 ANNUAL LEASE VALUE OF AGRICULTURAL EQUIPMENT - 390000 CREATING IMPACT 76055 76055 7373 BANQUET 31200 31200 10554 2 32050 32050 11961 139305 139305 29888 29888 109417 true PARKLAND COLLEGE 2400 WEST BRADLEY AVE CHAMPAIGN IL 61820 370892090 501 (c) (3) 2173991 431788 FMV AGRICULTURAL EQUIP. TO FURTHER THE MISSION OF PARKLAND COLLEGE 1 SCHOLARSHIPS 541 614774 Schedule I, Part I, Line 2 STUDENTS APPLY FOR SCHOLARSHIPS VIA AN APPLICATION PROCESS. THE APPLICATIONS ARE MATCHED TO AVAILABLE SCHOLARSHIPS BASED ON THE CRITERIA ESTABLISHED BY THE DONORS. APPLICANTS ARE REVIEWED AND SCORED BASED ON SEVERAL FACTORS AND ARE THEN AWARDED. FUNDS FOR INSTITUTIONAL NEEDS FOLLOW A PROCESS THAT INCLUDES REVIEW AND APPROVAL BY THE FUNCTIONAL AREA DEAN, FUNCTIONAL AREA VICE-PRESIDENT AND THE EXECUTIVE DIRECTOR OF THE FOUNDATION. ACTUAL EXPENSES ARE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR OF THE FOUNDATION. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. STUDENTS APPLY FOR SCHOLARSHIPS VIA AN APPLICATION PROCESS. THE APPLICATIONS ARE MATCHED TO AVAILABLE SCHOLARSHIPS BASED ON THE CRITERIA ESTABLISHED BY THE DONORS. APPLICANTS ARE REVIEWED AND SCORED BASED ON SEVERAL FACTORS AND ARE THEN AWARDED. FUNDS FOR INSTITUTIONAL NEEDS FOLLOW A PROCESS THAT INCLUDES REVIEW AND APPROVAL BY THE FUNCTIONAL AREA DEAN, FUNCTIONAL AREA VICE-PRESIDENT AND THE EXECUTIVE DIRECTOR OF THE FOUNDATION. ACTUAL EXPENSES ARE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR OF THE FOUNDATION. false false false false false false false false false TRACY WAHLFELDT EXECUTIVE DIRECTOR 159629 0 0 0 0 0 0 0 29164 0 188793 0 0 0 Schedule J, Part I, Line 3 THE EXECUTIVE DIRECTOR'S SALARY IS APPROVED BY THE FOUNDATION BOARD AND BOARD OF TRUSTEES OF PARKLAND COLLEGE. THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY PARKLAND COLLEGE'S SALARY GRADE/RANGE SYSTEM. ANNUAL INCREASES ARE BASED ON WHAT OTHER UNIONS WITH THE COLLEGE NEGOTIATE. X 2 8310 Market value X SUPPLIES 12 10528 Market value X CREATING IMPACT FUND 1 24000 Market value false true false Form 990, Part VI, Line 6 Classes of members or stockholders PARKLAND COLLEGE MEETS THE DEFINITION OF MEMBER UNDER IRS GUIDANCE AS THEY CAN APPOINT TWO BOARD MEMBERS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body PARKLAND COLLEGE MEETS THE DEFINITION OF MEMBER UNDER IRS GUIDANCE AS THEY CAN APPOINT TWO BOARD MEMBERS. Form 990, Part VI, Line 11b Review of form 990 by governing body A COPY OF THE FORM 990 IS PROVIDED TO THE FOUNDATION BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. THE BOARD WILL BE ASKED TO REVIEW AND TO CONTACT THE FOUNDATION WITH ANY QUESTIONS OR CONCERNS WITHIN SEVEN WORKING DAYS. THE TREASURER AND THE FOUNDATION EXECUTIVE DIRECTOR ALSO REVIEW THE FORM 990 PRIOR TO SIGNING THE RETURN. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION REQUIRES THAT ALL EMPLOYEES DISCLOSE ALL CONFLICTS OF INTEREST AND SIGN AN AGREEMENT ON AN ANNUAL BASIS. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BOARD OF DIRECTORS APPROVES ANNUAL COMPENSATION. THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY PARKLAND COLLEGE'S SALARY GRADE/RANGE SYSTEM. ANNUAL INCREASES ARE BASED ON WHAT OTHER UNIONS WITH THE COLLEGE NEGOTIATE. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE FOUNDATION BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. THE BOARD WILL BE ASKED TO REVIEW AND TO CONTACT THE FOUNDATION WITH ANY QUESTIONS OR CONCERNS WITHIN SEVEN WORKING DAYS. THE TREAUSRER AND THE FOUNDATION EXECUTIVE DIRECTOR ALSO REVIEW THE FORM 990 PRIOR TO SIGNING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES THAT ALL EMPLOYEES DISCLOSE ALL CONFLICTS OF INTEREST AND SIGN AN AGREEMENT ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORMS 1023 AND 990 AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION A LINE 6 & 7 PARKLAND COLLEGE MEETS THE DEFINITION OF MEMBER UNDER IRS GUIDANCE AS THEY CAN APPOINT TWO BOARD MEMBERS. FORM 990, PART VI SECTION B, LINE 15A THE BOARD OF DIRECTORS APPROVES ANNUAL COMPENSATION. THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY PARKLAND COLLEGE'S SALARY GRADE/RANGE SYSTEM. ANNUAL INCREASES ARE BASED ON WHAT OTHER UNIONS WITH THE COLLEGE NEGOTIATE. FORM 990, PART VII ALL SALARIES ARE PAID BY PARKLAND COLLEGE. PARKLAND COLLEGE PROVIDED DONATED SERVICES TO THE FOUNDATION CONSISTING OF SALARIES, BENEFITS, UTILITIES, AND MATERIALS.