2025-03-11T15:11:04-05:00 2024-06-30 363168081 SIKICH LLC 1415 W DIEHL RD SUITE 400 NAPERVILLE IL 605632349 990 2023-07-01 237011835 COLLEGE OF DUPAGE FOUNDATION COLL 6309422698 425 FAWELL BLVD GLEN ELLYN IL 601376599 KAREN M KUHN EXECUTIVE DIRECTOR 6309422698 2025-03-05 1 1 HEATHER BONIFAS CPA P01711657 6305668400 2025-03-05 2023 2025-03-06 01:10:19Z KAREN M KUHN 425 FAWELL BLVD GLEN ELLYN IL 601376599 5118750 0 X WWW.FOUNDATION.COD.EDU X 1967 IL TO OBTAIN CONTRIBUTIONS IN ORDER TO EXPAND OPPORTUNITIES FOR THE COLLEGE OF DUPAGE COMMUNITY. 22 22 2 50 0 0 2680106 2863182 0 0 434928 474880 0 0 3115034 3338062 2833188 2368853 0 0 307656 313806 0 0 255647 455363 490537 3596207 3173196 -481173 164866 21140324 23053316 799369 480732 20340955 22572584 THE MISSION OF THE COLLEGE OF DUPAGE FOUNDATION IS TO OBTAIN AND STEWARD CONTRIBUTIONS TO EXPAND EDUCATIONAL AND CULTURAL OPPORTUNITIES FOR THE COLLEGE OF DUPAGE COMMUNITY. 0 0 2071252 1777640 THE FOUNDATION MAKES DONATIONS TO SUPPORT THE COLLEGE OF DUPAGE MCANINCH ARTS CENTER, AND WDCB RADIO STATION. ALSO, THE FOUNDATION DONATES INSTRUCTIONAL EQUIPMENT, SUPPLIES AND CASH TO DESIGNATED COLLEGE OF DUPAGE DEPARTMENTS FOR SUPPORT OF THEIR EDUCATIONAL PROGRAMS. 591213 591213 THE FOUNDATION HAS A SCHOLARSHIP PROGRAM WHICH PROVIDES EDUCATIONAL SUPPORT TO STUDENTS AT THE COLLEGE OF DUPAGE. SCHOLARSHIPS ARE GRANTED TO STUDENTS IN ACCORDANCE WITH ESTABLISHED CRITERIA AND MAY BE AWARDED ON NEED, ON MERIT, OR ON A COMBINATION. SCHOLARSHIP MONIES MAY BE USED FOR TUITION, BOOKS, AND SUPPLIES FOR COLLEGE OF DUPAGE CLASSES. APPROXIMATELY 500 STUDENTS RECEIVED FOUNDATION SCHOLARSHIPS DURING THE YEAR. ALSO, THE FOUNDATION HAS AN AWARD PROGRAM FOR FULL-TIME, ADJUNCT FACULTY MEMBERS, AND OTHER MERIT BASED AWARDS ARE GIVEN TO RECOGNIZE AND SUPPORT ACADEMIC EXCELLENCE; OUTSTANDING FACULTY AND OTHER MEMBERS RECEIVED AWARDS AND RECOGNITION DURING THE YEAR. 2662465 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 7 0 2 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X KAREN M KUHN 6309422698 425 FAWELL BLVD GLEN ELLYN IL 601376599 DERRYK MADSEN PRESIDENT 4.00 X X 0 0 0 DR CHRISTOPHER B BURKE MEMBER AT LARGE 4.00 X X 0 0 0 SCOTT MARQUARDT VP RESOURCE DEVELOPMENT 4.00 X X 0 0 0 SHERMAN NEAL TREASURER 4.00 X X 0 0 0 JONATHAN J SHIMP VP BOARD GOVERNANCE 4.00 X X 0 0 0 ANNETTE SHOEMAKER VP PROGRAMS 4.00 X X 0 0 0 KEITH ALLEN BOARD TRUSTEE 2.00 X 0 0 0 MARK BAGGIO BOARD TRUSTEE 2.00 X 0 0 0 THOMAS B EGAN BOARD TRUSTEE 2.00 X 0 0 0 DAVID S FOX BOARD TRUSTEE 2.00 X 0 0 0 ROBERT HUTCHINSON BOARD TRUSTEE 2.00 X 0 0 0 KATHERINE A LIETZ BOARD TRUSTEE 2.00 X 0 0 0 ANTHONY L MCPHEARSON BOARD TRUSTEE 2.00 X 0 0 0 MICHAEL MEYERS BOARD TRUSTEE 2.00 X 0 0 0 MICHAEL MORRISSEY BOARD TRUSTEE 2.00 X 0 0 0 IAN PARR BOARD TRUSTEE 2.00 X 0 0 0 MARCIE PETERSON BOARD TRUSTEE 2.00 X 0 0 0 KATIE PHILPOTT BOARD TRUSTEE 2.00 X 0 0 0 YOLANDA ROCIO BOARD TRUSTEE 2.00 X 0 0 0 MELISSA SMITH BOARD TRUSTEE 2.00 X 0 0 0 LORI A SWANSON BOARD TRUSTEE 2.00 X 0 0 0 KATHLEEN YOSKO BOARD TRUSTEE 2.00 X 0 0 0 KAREN M KUHN EXECUTIVE DIRECTOR 40.00 X 219555 0 5480 219555 0 5480 1 0 1 0 0 2863182 48755 2863182 508188 508188 1747380 1780688 -33308 -33308 -33308 3338062 0 0 474880 X 1777640 1777640 591213 591213 214876 42975 42975 128926 80565 80565 18365 4869 4271 9225 60438 60438 340079 130185 107900 101994 4430 3015 1415 3686 798 2505 383 14937 199 13809 929 16801 2771 11659 2371 RESOURCE EXCELLENCE 21136 21136 OTHER SUPPLIES 14346 2472 7954 3920 PRINTING 12911 6188 278 6445 PUBLICATIONS & MEMBERSH 1415 1415 358 39 280 39 3173196 2662465 255084 255647 337753 378578 44930 115597 133946 50590 83746 88447 20528482 22408637 11467 11467 21140324 23053316 799369 480732 799369 480732 X -583713 -465584 20924668 23038168 20340955 22572584 21140324 23053316 164866 2066763 0 X 0 1 X 1 0 X 3220854 2750490 4059525 2680106 2863182 15574157 358861 406040 300008 262954 324362 1652225 3579715 3156530 4359533 2943060 3187544 17226382 1240720 15985662 546078 425614 1224191 460881 508188 3164952 20391334 0.78390 0.77730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17201508 514802 2120393 237616 19599087 15554903 362662 1528637 244694 17201508 18070973 260969 -2674757 102282 15554903 13670405 605852 3929842 135126 18070973 13182050 752694 -113559 150780 13670405 0.00000 0.57144 0.42856 0 0 0 X 5344387 2066763 2066763 3277624 60438 60438 3338062 3437120 324362 324362 3112758 60438 60438 3173196 PART V, LINE 4: THE INCOME FROM ENDOWMENTS IS TO BE USED FOR THE GENERAL PURPOSES OF THE FOUNDATION, WITH THE FOUNDATION WITHDRAWING RESOURCES AS DETERMINED BY THE SPENDING POLICY THAT IS BOARD APPROVED. 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 AS OTHER THAN 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 2020. 1 COLLEGE OF DUPAGE 425 FAWELL BLVD GLEN ELLYN IL 60137 362594972 501(C)(1) 1736290 41349 FMV EQUIPMENT & EDUCATIONAL SUPPLIES GENERAL SUPPORT 1 SCHOLARSHIPS & AWARDS 560 591213 PART I, LINE 2: NON-CASH GIFTS TO COD INCLUDE ALL DONATIONS OF SUPPLIES, EQUIPMENT, ETC TO THE COLLEGE OF DUPAGE FOUNDATION (FOUNDATION) WHICH HAVE ALL BEEN SOLICITED, REQUESTED, AND ACCEPTED BY A SPECIFIC COD DEPARTMENT FOR USE IN A PROGRAM. THESE GIFTS ARE RECORDED AS NON-CASH GIFTS TO COD. THE FOUNDATION DOES NOT RETAIN OWNERSHIP OF ANY NONCASH ASSETS. A DONATED ASSET FORM PLUS DESCRIPTIVE DOCUMENTATION FROM THE DONOR SUPPORT THE ACCEPTANCE OF THESE GIFTS. NON-CASH ART DONATIONS ARE HELD FOR PUBLIC EXHIBITION, AND EDUCATION, IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FOR FINANCIAL GAIN. THE WORKS OF ART ARE KEPT UN-ENCUMBERED, CARED FOR AND PRESERVED, AND SUBJECT TO THE DONOR AGREEMENT THAT REQUIRES THE PROCEEDS OF ITEMS THAT IF EVER SOLD ARE TO BE USED TO FURTHER DEVELOP THE CULTURAL EXPERIENCE AT THE COLLEGE. ADDITIONS TO THE COLLECTION ARE RECORDED AT COST WHEN PURCHASED OR AT FAIR VALUE WHEN CONTRIBUTED. IN-KIND CONTRIBUTIONS OF ART ARE REFLECTED AS REVENUE IN THE STATEMENT OF ACTIVITIES AND ASSETS IN THE BALANCE SHEET. NON-CASH GIFTS TO COD ALSO INCLUDE ANY SUPPLIES, EQUIPMENT, STAFF DEVELOPMENT, ETC PURCHASED AND PAID FOR DIRECTLY BY THE FOUNDATION FOR USE BY COD. THE DEPARTMENT REQUESTING THIS TYPE OF SUPPORT FROM THE FOUNDATION PROVIDES AN APPROPRIATELY AUTHORIZED REQUEST WITH SUBSTANTIATION OF THE PURPOSE. CASH GIFTS TO COD INCLUDE ALL TRANSACTIONS WHERE THE PURCHASE OF SUPPLIES, EQUIPMENT, STAFF DEVELOPMENT, ETC IS PROCESSED THROUGH THE COD PURCHASING DEPARTMENT AND THE FOUNDATION DISBURSES THE FUNDS TO THE COLLEGE ACCOUNT PROVIDED BY THE REQUESTING ADMINISTRATOR. THE DEPARTMENT REQUESTING THIS TYPE OF SUPPORT FROM THE FOUNDATION PROVIDES AN APPROPRIATELY AUTHORIZED REQUEST WITH SUBSTANTIATION OF THE PURPOSE SCHOLARSHIPS. WHEN DONORS ESTABLISH A SCHOLARSHIP, THE FOUNDATION STAFF WORK WITH THEM TO DEVELOP A CRITERIA THAT STUDENTS MUST MEET TO BE ELIGIBLE FOR AN AWARD. THAT CRITERIA AND OTHER PERTINENT INFORMATION ABOUT THE SCHOLARSHIP IS PROVIDED TO THE SCHOLARSHIP COORDINATOR IN THE COD FINANCIAL AID OFFICE. A STUDENT COMPLETES THE APPLICATION AND SUBMITS IT TO THE FINANCIAL AID OFFICE AT COD. THE SCHOLARSHIP COORDINATOR (SC) COMPARES THE APPLICATION TO THE CRITERIA FOR THE SCHOLARSHIP TO ENSURE ELIGIBILITY. THE SC PRESENTS ALL ELIGIBLE APPLICATIONS ALONG WITH THE APPLICABLE SCHOLARSHIP CRITERIA TO COD'S SCHOLARSHIP SELECTION COMMITTEE. THE COMMITTEE SELECTS THE RECIPIENTS AND RETURNS THAT INFORMATION TO THE SC WHO POSTS THE AWARD TO THE STUDENT'S FINANCIAL AID RECORD WHICH IS INTERFACED WITH EACH STUDENT'S BILLING RECORD. LETTERS OR E-MAILS NOTIFYING THE STUDENTS OF THE AWARDS ARE SENT AND A LIST OF SELECTED RECIPIENTS FOR EACH SCHOLARSHIP IS PROVIDED TO THE FOUNDATION'S SPECIAL PROJECTS ACCOUNTANT (SPA). WHEN THE STUDENT REGISTERS FOR CLASSES, BOOK BILLS ARE POSTED, OR ANY OTHER ELIGIBLE TRANSACTIONS ARE POSTED TO THE STUDENT'S BILLING RECORD. THOSE CHARGES ARE PAID BY THE SCHOLARSHIP AND THE AWARD BALANCE IS REDUCED THROUGH A PROCESS CALLED MONTHLY REVENUE. COD INVOICES THE FOUNDATION MONTHLY FOR SCHOLARSHIP USAGE DURING THE PREVIOUS PERIOD. AT THE END OF EACH TERM, THE ACCOUNTS RECEIVABLE DEPARTMENT ISSUES AN INVOICE TO THE SPA FOR AMOUNTS DUE TO COD FOR THE PRIOR TERMS SCHOLARSHIP AMOUNTS. THERE IS A TRANSMITTED FINANCIAL AID REPORT ATTACHED TO THE INVOICE WHICH DETAILS THE CHARGES FOR EACH STUDENT. THIS REPORT PROVIDES DETAIL OF EACH STUDENT'S ACADEMIC ACTIVITY AND IS IMPORTANT FOR VERIFICATION THAT THE SELECTED STUDENTS RECEIVED AND UTILIZED THE SCHOLARSHIP AWARDS OFFERED TO THEM, THUS ENSURING THE FOUNDATION'S DUTY TO THE DONORS AND ADHERENCE TO THE SCHOLARSHIP CRITERIA ESTABLISHED BY EACH INVOICE FROM COD. TRANSMITTED FINANCIAL AID REPORTS GENERATED BY COLLEGE SYSTEMS AND AN INVOICE ARE RECEIVED FROM COD. THE SPA IMPORTS MONTHLY ACTIVITY DATA INTO A JOURNAL ENTRY, VALIDATES, AND POSTS THE ENTRIES INTO THE BLACKBAUD ACCOUNTING SYSTEM. AFTER THE PROPER APPROVALS FROM THE FOUNDATION'S UPPER MANAGEMENT ARE RECEIVED, THE SPA ISSUES A CHECK FOR PAYMENT OF INVOICE AWARDS. EACH YEAR, OUTSTANDING FULL-TIME AND OUTSTANDING PART-TIME FACULTY AWARD RECIPIENTS ARE SELECTED BY COD STUDENTS AND PAID BY THE FOUNDATION. 0 0 0 0 0 0 0 0 0 KAREN M KUHN EXECUTIVE DIRECTOR 219555 0 0 0 0 0 5480 0 0 0 225035 0 0 0 X 8 6018 MARKET VALUE X 1 1 MARKET VALUE X 1 7406 MARKET VALUE X 5 6749 MARKET VALUE X GOLF/GOLF CLUBS 16 11139 MARKET VALUE X OTHER VARIOUS GIFTS 6 6749 MARKET VALUE X GIFT CERTIFICATES/MEMBERSHIPS 16 2228 MARKET VALUE X TICKETS 6 1200 MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINAL COPIES OF THE 990 WERE PROVIDED TO AND REVIEWED WITH THE EXECUTIVE COMMITTEE (FOUNDATION BOARD PRESIDENT, VICE PRESIDENT, AND TREASURER) AND AUDIT COMMITTEE AND THEN SIGNED BY THE EXECUTIVE DIRECTOR. ALL BOARD MEMBERS WILL RECEIVE A COPY OF THE 990 RETURN PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY STEPS THAT ARE FOLLOWED TO ENFORCE THE POLICY INCLUDE: -ADOPTED A CONFLICT-OF-INTEREST POLICY THAT PROHIBITS OR LIMITS BUSINESS TRANSACTIONS WITH BOARD MEMBERS AND REQUIRES BOARD MEMBERS TO DISCLOSE POTENTIAL CONFLICTS. -DISCLOSE CONFLICTS WHEN THEY OCCUR SO THAT BOARD MEMBERS WHO ARE VOTING ON A DECISION ARE AWARE THAT ANOTHER MEMBER'S INTERESTS ARE BEING AFFECTED. -REQUIRE BOARD MEMBERS TO WITHDRAW FROM DECISIONS THAT PRESENT A POTENTIAL CONFLICT. -ESTABLISHED PROCEDURES, SUCH AS COMPETITIVE BIDS, THAT ENSURE THAT THE ORGANIZATION IS RECEIVING FAIR VALUE IN THE TRANSACTION. -ALL MEETINGS BEGIN WITH THE PRESIDENT OF THE BOARD ASKING IF ANY MEMBER HAS A CONFLICT WITH THE CURRENT AGENDA. -AN ANNUAL REVIEW OF ALL BUSINESS OR TRANSACTIONS WITH BOARD MEMBERS PERFORMED BY THE AUDIT COMMITTEE AND DISCUSSED WITH THE EXTERNAL AUDITORS. INTERESTED PERSONS ARE REQUIRED TO REVIEW THE POLICY AND DISCLOSE ANY CONFLICTS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACUAL SERVICES: PROGRAM SERVICE EXPENSES 129,182. MANAGEMENT AND GENERAL EXPENSES 59,348. FUNDRAISING EXPENSES 101,994. TOTAL EXPENSES 290,524. OTHER FEES: PROGRAM SERVICE EXPENSES 1,003. MANAGEMENT AND GENERAL EXPENSES 48,552. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,555. COD FOUNDATION CHARITABLE ANNUITY TRUST 425 FAWELL BLVD GLEN ELLYN IL 601376599 INVESTMENTS IL N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0