2024-12-23T14:55:52-06:00 2024-06-30 363168081 SIKICH LLC 1415 W DIEHL RD SUITE 400 NAPERVILLE IL 605632349 990 2023-07-01 363358690 ELGIN COMMUNITY COLLEGE FOUNDATION ELGI 8472147377 1700 SPARTAN DRIVE ELGIN IL 60123 KIMBERLY WAGNER ASSISTANT TREASURER 8472147377 2024-12-16 1 1 HEATHER BONIFAS CPA P01711657 6305668400 2024-12-16 2023 2024-10-15 13:58:12Z KIMBERLY WAGNER 1700 SPARTAN DRIVE ELGIN IL 60123 2776844 0 X HTTP://ELGIN.EDU/ECCFOUNDATION X 1984 IL MAXIMIZE ACCESS TO EXCEPTIONAL EDUCATION THAT WILL IMPROVE LIVES & STRENGTHEN COMMUNITY. 19 19 0 141 0 0 927698 2148095 0 0 18180 64133 -33878 67350 912000 2279578 646027 880241 0 0 0 0 0 0 0 294932 155428 940959 1035669 -28959 1243909 11848846 14831110 89677 202362 11759169 14628748 THE ELGIN COMMUNITY COLLEGE FOUNDATION WAS ESTABLISHED IN 1984 AS A 501(C)3 ORGANIZATION TO MAXIMIZE ACCESS TO AN EXCEPTIONAL EDUCATION THAT WILL IMPROVE LIVES AND STRENGTHEN OUR COMMUNITY. 0 0 462431 462431 THE FOUNDATION OVERSEES MORE THAN 250 INDIVIDUAL SCHOLARSHIPS. THESE FUNDS PRODUCED 398 AWARDS SUPPORTING THE EDUCATIONAL COMMITMENT OF 375 STUDENTS IN THE 2023-2024 ACADEMIC YEAR. SCHOLARSHIP AWARDS ARE MADE BASED ON CRITERIA ESTABLISHED BY DONORS, WHICH MAY INCLUDE BUT IS NOT LIMITED TO ACADEMIC EXCELLENCE, DEMONSTRATED LEADERSHIP STRENGTHS, SPECIFIC PROGRAMS OF STUDY, STUDENTS WHO HAVE OVERCOME PHYSICAL AND LIFE OBSTACLES, AND FINANCIAL NEED. 417810 417810 CONTRIBUTIONS TO ELGIN COMMUNITY COLLEGE INCLUDE FUNDING FOR INNOVATIVE FACULTY PROJECTS, EQUIPMENT FOR ACADEMIC PROGRAMS, AND STUDENT LEADERSHIP DEVELOPMENT. IN ADDITION TO ACADEMIC SUPPORT, RESOURCES HAVE ALSO BEEN EXTENDED TO SUPPORT THE SPARTAN FOOD PANTRY FOR STUDENTS STRUGGLING WITH FOOD INSECURITY WHILE TRYING TO BE SUCCESSFUL IN COLLEGE, THE STUDENT EMERGENCY FUND PROVIDING GAP FUNDING TO HELP STUDENTS STAY IN SCHOOL WHEN AN UNFORESEEN EMERGENCY OCCURS THAT MAY PREVENT ACADEMIC PERSISTENCE, AND THE CHILD CARE FUND ASSISTING SINGLE, LOW-INCOME PARENTS WHO ARE ENROLLED AT THE COLLEGE. 880241 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 11 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X HEATHER SCHOLL 8472147177 1700 SPARTAN DRIVE ELGIN IL 60123 X JENNI BETANCOURT CHAIR 3.00 X X 0 0 0 LESLIE MALONEY VICE CHAIR 2.00 X X 0 0 0 ERIC LARSON IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 JAVIER PLACENCIA TREASURER 2.00 X X 0 0 0 ROBIN SEIGLE SECRETARY 2.00 X X 0 0 0 JOHN M ANDERSON DIRECTOR 2.00 X 0 0 0 JUDY CABRERA DIRECTOR 2.00 X 0 0 0 LINDA DEERING-DEAN DIRECTOR 2.00 X 0 0 0 JOHN DUFFY DIRECTOR 2.00 X 0 0 0 MEGHAN E EARLY DIRECTOR 2.00 X 0 0 0 CAROL GIESKE DIRECTOR 2.00 X 0 0 0 RICHARD GREEN DIRECTOR 2.00 X 0 0 0 JOVAN MARCONI DIRECTOR 2.00 X 0 0 0 GARY M VANEK DIRECTOR 2.00 X 0 0 0 BOOMER WHIPPLE DIRECTOR 2.00 X 0 0 0 LENA WHITAKER DIRECTOR 2.00 X 0 0 0 ANDREW WIGGS DIRECTOR 2.00 X 0 0 0 THOMAS YOUNGREN DIRECTOR 2.00 X 0 0 0 DAWN LAUDERDALE DIRECTOR (THRU 6/30/24) 2.00 X 0 0 0 DR DAVID SAM ELGIN COM COLLEGE PRESIDEN 2.00 X 0 0 0 SUSAN TAYLOR-DEMMING EXECUTIVE DIRECTOR 40.00 X 0 0 0 KIM WAGNER ASST TREASURER (EX-OFFICIO) 4.00 X 0 0 0 0 0 0 0 0 0 1 0 71190 2076905 39091 2148095 50649 50649 451828 438344 13484 13484 13484 126272 71190 58922 67350 67350 2279578 0 0 131483 417810 417810 462431 462431 10633 10633 92607 92607 18061 18061 10150 10150 6752 6752 BAD DEBT 17225 17225 1035669 880241 155428 0 453639 573774 536786 1020918 611694 1371092 7613 16225 97573 97573 6752 0 10172054 11786746 60308 62355 11848846 14831110 61530 36621 10700 35313 17447 130428 89677 202362 X 1700863 1942105 10058306 12686643 11759169 14628748 11848846 14831110 X 1243909 1624624 1046 X 0 1 X 1 0 X 2270072 952075 1442537 927698 2148095 7740477 364925 439660 430140 381081 331501 1947307 2634997 1391735 1872677 1308779 2479596 9687784 1861463 7826321 56990 202 1410 18180 50648 127430 67350 67350 9882564 0.79190 0.74840 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2023 AMOUNT: $ 67,350. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9361881 503433 1499606 711622 82310 10570988 8609360 186886 895966 230976 99355 9361881 8905044 1161445 -1116766 256636 83727 8609360 7101915 244182 1770331 178284 33100 8905044 6972605 100057 293532 234821 29458 7101915 0.02860 0.49783 0.47357 0 0 97573 97573 0 0 DUE TO ELGIN COMMUNITY COLLEGE 130428 130428 X 4285038 1624624 331501 59968 2016093 2268945 10633 10633 2279578 1415459 331501 58922 390423 1025036 10633 10633 1035669 PART V, LINE 4: ENDOWED FUNDS ARE ESTABLISHED TO GENERATE INVESTMENT INCOME TO BE USED FOR SCHOLARSHIPS AND/OR PROGRAM SUPPORT. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTIONS 501(C)(3), 509(A)(1), AND 170(B)(1)(A)(IV) 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 2024, 2023, OR 2022. 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 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 1,046. SPECIAL EVENT EXPENSES 58,922. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 58,922. GALA 108125 44800 63325 15206 13433 GOLF OUTING 89337 26390 62947 19895 3395 6993 197462 71190 126272 35101 3395 20426 58922 67350 1 ELGIN COMMUNITY COLLEGE 1700 SPARTAN DRIVE ELGIN IL 60123 362600170 501(C)(1) 378719 39091 FMV EQUIPMENT SUPPORT ELGIN COMMUNITY COLLEGE 1 SCHOLARSHIPS 375 462431 FORM 990, SCHEDULE I, PART I, LINE 2 SCHOLARSHIP MONITORING PROCEDURES INVOLVE COORDINATED TRACKING AND REPORTING OF STUDENT PERFORMANCE METRICS (E.G. GPA, COURSE LOAD, ETC.) TO ENSURE SCHOLARSHIP RECIPIENTS ARE COMPLIANT WITH SPECIFIC AWARD CRITERIA AND SATISFACTORY ACADEMIC PERFORMANCE REQUIREMENTS. 0 0 0 0 0 0 0 0 0 FORM 990, PART VII, SECTION A, LINE 5, COMPENSATION FROM AN UNRELATED PARTY UNRELATED ORGANIZATION: ELGIN COMMUNITY COLLEGE, EIN 36-2600170 EMPLOYEE: SUSAN TAYLOR-DEMMING BASE COMPENSATION: $116,191 NON-TAXABLE BENEFITS: $32,666 X 1 14770 FMV PRIVATE SALE X PROGRAM EQUIPMENT 22 24321 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE WILL REPRESENT THE 990 REVIEW COMMITTEE. ONCE THE 990 HAS BEEN COMPLETED, THE FINANCE COMMITTEE WILL REVIEW ALL INFORMATION AND WHEN A FINAL DRAFT IS AVAILABLE, IT WILL BE EMAILED TO THE ENTIRE BOARD FOR COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY THAT ACKNOWLEDGES HIS OR HER FAMILIARITY WITH THE POLICY AND SHALL DISCLOSE IN WRITING ANY EXISTING FINANCIAL OR OTHER MATERIAL INTERESTS OR CO-INVESTMENT INTEREST SUBJECT TO THIS POLICY. ADDITIONALLY, MANAGEMENT OF THE FOUNDATION REVIEWS TRANSACTIONS FOR POSSIBLE CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS IS DETERMINED BY ELGIN COMMUNITY COLLEGE, AND IS BASED ON A SALARY SCHEDULE. COMPENSATION SURVEY OR STUDY - HAY GROUP METHOD. APPROVAL BY BOARD OR COMPENSATION COMMITTEE - ECC BOARD APPROVED AN ACROSS THE BOARD INCREASE FOR ALL ADMINISTRATORS. ECC DOES NOT HAVE MERIT BASED RAISES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 1,046.