2024-02-29T09:55:56-06:00 2023-06-30 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2022-07-01 363240562 BLACK HAWK COLLEGE FOUNDATION BLAC 3097965052 6600 34TH AVENUE MOLINE IL 61265 GREG RYCKAERT CHAIR 3097965052 2024-02-24 1 GREG RYCKAERT 999009999 1 MICHAEL J PETERSON CPA P01833529 2187224705 2024-02-24 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ZENAIDA LANDEROS 6600 34TH AVENUE MOLINE IL 61265 1117874 0 X WWW.BLACKHAWKCOLLEGEFOUNDATION.ORG X 1982 IL TO PROVIDE FOR & CARRY ON SUCH ACTIVITIES TO ALLOW THE GROWTH, EXPANSION, & DEVELOPMENT OF BLACK HAWK COLLEGE, QUAD-CITIES CAMPUS AND OTHER QUAD-CITIES FACILITIES. 9 9 0 15 0 0 130714 555844 0 0 599871 208830 10607 -7954 741192 756720 224959 201623 0 0 0 0 0 0 23146 69477 77258 294436 278881 446756 477839 7091035 7292975 472848 85906 6618187 7207069 THE PRIMARY PURPOSE OF THE FOUNDATION IS TO PROVIDE FOR AND CARRY ON SUCH ACTIVITIES TO ALLOW THE GROWTH, EXPANSION, AND DEVELOPMENT OF BLACK HAWK COLLEGE, QUAD-CITIES CAMPUS AND OTHER QUAD-CITIES FACILITIES. 0 0 207821 201623 0 THE FOUNDATION AWARDS SCHOLARSHIPS TO INDIVIDUALS ATTENDING BLACK HAWK COLLEGE & FUNDS TO BLACK HAWK COLLEGE FOR PROGRAMS & CAPITAL EXPENSES & EMERGENCY FUNDS TO INDIVIDUALS 207821 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 0 0 0 0 0 0 0 0 0 0 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 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X ZENAIDA LANDEROSDENA GRUNEWALD 3097965052 6600 34TH AVE MOLINE IL 61265 GREG RYCKAERT CHAIR 1.00 X X 0 0 0 STEVE LAYER VICE CHAIR 1.00 X X 0 0 0 DAVE EMERICK TREASURER 1.00 X X 0 0 0 JOHN DALY DIRECTOR 1.00 X 0 0 0 JULIE GELAUDE DIRECTOR 1.00 X 0 0 0 WES LLEWELLYN DIRECTOR 1.00 X 0 0 0 RICO NAVARRO DIRECTOR 1.00 X 0 0 0 BRIAN NEFF DIRECTOR 1.00 X 0 0 0 LORI PAPPAS DIRECTOR 1.00 X 0 0 0 ZENAIDA LANDEROS EXECUTIVE DIRECTOR 40.00 X 69367 0 12084 69367 0 12084 0 0 0 0 0 39264 516580 8572 555844 249898 249898 306227 347295 -41068 -41068 -41068 5905 39264 13859 -7954 -7954 756720 0 0 200876 58587 58587 143036 143036 3911 3911 36850 36850 6217 1421 4796 15 15 8764 2252 260 6252 4716 4341 375 DONOR RECOGNITION 7805 919 6886 8980 3946 212 4822 278881 207821 47914 23146 515600 512180 744412 678500 50 50 45000 45000 45000 5562551 5819263 210978 228708 12444 9274 7091035 7292975 60404 23768 412444 62138 472848 85906 X 713126 766955 5905061 6440114 6618187 7207069 7091035 7292975 X 477839 88298 22745 X 0 1 X 1 0 X 1071843 1370108 298609 130714 555844 3427118 1071843 1370108 298609 130714 555844 3427118 25703 3401415 87503 103290 117199 209438 249898 767328 8549 8549 50 11787 11837 4214832 20149 0.80700 0.82370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6299858 546681 272075 213245 55764 6849605 7372431 165685 -946830 224309 67119 6299858 6280380 131592 1162464 154019 47986 7372431 4924334 1213218 300875 113747 44300 6280380 3875832 1013937 249998 147592 67841 4924334 0.10420 0.82340 0.07240 1 0 45000 45000 45000 SCHOLARSHIP PAYABLE 62138 62138 X 1009721 88298 151565 36129 275992 733729 36850 -13859 22991 756720 420839 151565 27243 178808 242031 36850 36850 278881 PART V, LINE 4: THE FOUNDATION AWARDS SCHOLARSHIPS TO INDIVIDUALS ATTENDING BLACK HAWK COLLEGE & FUNDS TO BLACK HAWK COLLEGE FOR PROGRAMS & CAPITAL EXPENSES & EMERGENCY FUNDS TO INDIVIDUALS. PART X, LINE 2: THE FOUNDATION QUALIFIES FOR TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A CHARITABLE GROUP NOT ORGANIZED FOR PROFIT. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION ON UNRELATED BUSINESS INCOME. THE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING FOR UNCERTAINTY INCOME TAXES. THE STANDARD PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE FOUNDATION RECORDED NO LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS 22,745. VILLAS SCHOLARSHIPS 13,384. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -13,859. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 13,859. VILLAS SCHOLARSHIPS 13,384. BLACK AND GOLD CELEBRATION 41723 35818 5905 750 5905 1741 BIRDIES FOR CHARITY 2210 2210 5000 2 1236 1236 463 45169 39264 5905 750 5905 7204 13859 -7954 1 BLACK HAWK COLLEGE 6600 34TH AVE MOLINE IL 61265 362482309 GOV 58587 0 FOR PROGRAMS & CAPITAL EXPENSES 1 0 INDIVIDUAL SCHOLARSHIPS 163 137613 EMERGENCY STUDENT GRANTS 24 5423 PART I, LINE 2: MINI GRANT RECIPIENTS ARE REQUIRED TO REPORT ON THE USE OF THEIR FUNDS BY THE END OF THE FISCAL YEAR. GRANT RECIPIENTS ARE INELIGIBLE FOR A SUBSEQUENT FISCAL YEAR GRANT IF THE REPORT IS NOT TIMELY FILED. FORM 990, PART VI, SECTION B, LINE 11B DISTRIBUTED ELECTRONICALLY TO ALL DIRECTORS. PRESENTED AND REVIEWED BY EXEC/FINANCE COMMITTEE PRIOR TO OFFICER SIGNING RETURN. FORM 990, PART VI, SECTION B, LINE 12C LEADING UP TO APPROVAL OF THE WRITTEN POLICY, THE CHAIR OF THE GOVERNANCE COMMITTEE DEFINED AT BOARD MEETINGS WHAT CONFLICTS COULD BE AND THE REASON FOR A POLICY FOR MONITORING CONFLICTS. HE REMINDED BOARD MEMBERS OF DISCLOSURE REQUIREMENTS. NO KNOWN CONFLICTS WERE REPORTED DURING FISCAL YEAR. THE EXECUTIVE AND FINANCE COMMITTEE CHARGED THE GOVERNANCE COMMITTEE WITH CREATING THE WRITTEN PROCEDURES FOR IMPLEMENTATION OF THE POLICY. GOING FORWARD, NOTICE OF DISCLOSURE REQUIREMENTS WILL BE GIVEN WITH THE BOARD PACKETS PRIOR TO THE FIRST MEETING OF THE NEW FISCAL YEAR AS WELL AS WHEN A NEW BOARD MEMBER GOES THROUGH ORIENTATION. EACH BOARD MEMBER WILL RETURN OR SIGN THE WRITTEN NOTICE ANNUALLY. THE EXECUTIVE AND FINANCE COMMITTEE, IN SETTING THE AGENDA FOR BOARD MEETINGS, WILL MONITOR WHETHER ANY DISCLOSED CONFLICTS COULD COME INTO PLAY AND WILL PUT THE BOARD MEMBER WITH THE CONFLICT ON NOTICE THAT HE OR SHE WILL BE EXCUSED FROM DISCUSSION AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION FOLLOWS THE RULES & REGULATIONS OF THE IRS REGARDING PUBLIC AVAILABILITY OF FORM 990 AS WELL AS ANY OTHER REQUIRED DOCUMENTS. THE FORM 990 IS AVAILABLE UPON REQUEST AT THE FOUNDATION'S OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN TRUSTS 22,745.