2024-11-06T11:53:25-06:00 2024-06-30 363168081 SIKICH LLC 17335 GOLF PARKWAY SUITE 500 BROOKFIELD WI 53045 990 2023-07-01 262126437 KANKAKEE COMMUNITY COLLEGE FOUNDATION KANK 8158028100 100 COLLEGE DR KANKAKEE IL 60901 KAY GREEN CHAIRPERSON 8158028100 2024-11-06 1 1 HEATHER BONIFAS CPA P01711657 2627549400 2024-11-06 2023 2024-10-15 13:58:12Z KAY GREEN 100 COLLEGE DR KANKAKEE IL 60901 1739158 0 X FOUNDATION.KCC.EDU X 2008 IL SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO PROMOTE EDUCATIONAL OPPORTUNITIES AT KANKAKEE 20 20 0 64 0 0 450424 812968 0 0 126502 823817 0 0 576926 1636785 810260 601068 0 0 0 0 0 0 35144 82729 176135 892989 777203 -316063 859582 10080573 11188829 193928 142420 9886645 11046409 SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO PROMOTE EDUCATIONAL OPPORTUNITIES AT KANKAKEE COMMUNITY COLLEGE 0 0 610150 601068 DIESEL TECH PROGRAM CREATION: IN FY 2024, THE KANKAKEE COMMUNITY COLLEGE FOUNDATION RECEIVED THE FUNDING FOR PREVIOUSLY SUBMITTED GRANT PROPOSAL TO KANKAKEE COUNTY FROM ARPA FUNDING. THE FUNDS WERE EXPENDED TO CREATE A DIESEL TECH TRAINING PROGRAM. REMAINING FUNDS ARE HELD CURRENTLY FOR CONTINUOUS SUPPORT FOR THE PROGRAM AS WELL AS GRANTS THAT ARE AVAILABLE TO KANKAKEE COUNTY RESIDENTS ENROLLING IN THE NEW PROGRAM. 50000 BUSINESS/TECH : IN FY2024, THE KANKAKEE COMMUNITY COLLEGE FOUNDATION RECEIVED THE THIRD INSTALLMENT OF FIVE PLEDGE PAYMENTS FROM NUCOR STEEL KANKAKEE. THE FUNDS WERE GIVEN TO KANKAKEE COMMUNITY COLLEGE TOWARDS THE RENOVATION OF THE BUSINESS/TECH HALLWAY. 6440 CHARLTON CAREER SERVICES CENTER : IN FY 2024, THE KANKAKEE COMMUNITY COLLEGE FOUNDATION ASSISTED THE CHARLTON CAREER SERVICES CENTER WITH THE PURCHASE OF EMPLOYMENT SOFTWARE 3 YEAR SUBSCRIPTION. 666590 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 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 1 1 IL X SARAH PETERS 8158028142 100 COLLEGE DR 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 DIRECTOR 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 LISA HAMMES DIRECTOR 1.00 X 0 0 0 WALTER HASSELBRING III DIRECTOR 1.00 X 0 0 0 BRAD HOVE DIRECTOR 1.00 X 0 0 0 DR JUAN JIMENEZ DIRECTOR 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 ANDREW WHEELER DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 463780 349188 15254 812968 311760 311760 614430 102373 512057 512057 512057 1636785 0 0 823817 318231 318231 282837 282837 18954 18954 13515 13515 11441 358 8942 2141 787 787 2924 2924 DONOR CULTIVATION 31789 8534 23255 STUDENT SUPPORT 31637 31637 MISC. 25260 25260 CONTINUING EDUCATION 12105 12105 27723 7480 10495 9748 777203 666590 75469 35144 623974 542414 147619 100000 2892 4187 9302785 10536913 3303 5315 10080573 11188829 6924 624 187004 141796 193928 142420 X 1693753 1968211 8192892 9078198 9886645 11046409 10080573 11188829 859582 300179 3 0 X 0 1 X 1 0 X 1495313 725702 328175 450424 812968 3812582 123000 127000 113000 178421 161000 702421 1618313 852702 441175 628845 973968 4515003 34425 4480578 244105 173028 257652 277187 311760 1263732 5778735 0.77540 0.80610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8192892 104657 298832 135067 8461314 7642260 277628 660107 142230 244873 8192892 9097788 251532 -1168190 538870 7642260 7152102 674376 1781675 510365 9097788 8599719 386845 -275749 1558713 7152102 0.06554 0.00000 0.93450 0 0 0 DUE TO KANKAKEE COMMUNITY COLLEGE 141796 141796 X 2108372 300179 192421 492600 1615772 21013 21013 1636785 948611 192421 192421 756190 21013 21013 777203 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 60 INDIVIDUAL FUNDS ESTABLISHED PRIMARILY FOR SCHOLARSHIPS AND STUDENT SUPPORT. 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. IN ADDITION, THE INTERNAL REVENUE SERVICE HAS DETERMINED THE FOUNDATION IS NOT 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 OR 2023. 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 TAXING AUTHORITIES FOR TAX YEARS PRIOR TO 2021 AND 2020, RESPECTIVELY. 1 KANKEE COMMUNITY COLLEGE DISTRICT 520-100 COLLEGE DRIVE KANKAKEE IL 60901 362612340 GOV'T 318231 0 SPECIAL PROJECTS 1 SCHOLARSHIPS 296 282837 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 1 4999 DONOR PROVIDED VALUE X 2418 DONOR PROVIDED ESTIMATED X 2 6314 VALUE IN STATEMENT X GIFT BASKET FOR SILENT BASKET 4 848 FMV X GIFT CAR FOR SILENT AUCTION 7 675 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990: FORM 990 IS REVIEWED BY THE FOUNDATION'S VICE PRESIDENT 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 VICE PRESIDENT 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.