2025-11-17T15:35:41-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 475 REGENCY PARK SUITE 175 OFALLON IL 62269 990 2024-01-01 510186120 SOUTHWESTERN ILLINOIS COLLEGE FOUNDATION SOUT 6182225496 2500 CARLYLE AVENUE BELLEVILLE IL 62221 RENA THOELE FOUNDATION DIRECTOR 6182225493 2025-11-17 1 0 JEFF PARKER P00970069 6182331200 2025-11-17 2024 2025-03-06 01:10:19Z MARY BUETTNER 2500 CARLYLE AVENUE BELLEVILLE IL 62221 7566702 0 X HTTPS://WWW.SWIC.EDU/COMMUNITY/FOUNDATION/ X 1976 IL TO RAISE AND HOLD ECONOMIC RESOURCES FOR THE DIRECT BENEFIT OF SOUTHWESTERN ILLINOIS COLLEGE. 11 11 0 11 0 0 5288104 1318503 0 0 255834 468179 -12541 9251 5531397 1795933 817024 2317126 0 0 0 0 0 0 1607 77528 81283 894552 2398409 4636845 -602476 16355970 16987479 202018 643616 16153952 16343863 X TO MAINTAIN AND ENHANCE THE QUALITY OF LIFE BY DEVELOPING FRIENDS AND FUNDS FOR SUPPORT OF THE EDUCATIONAL, CULTURAL, AND SERVICE GOALS OF SOUTHWESTERN ILLINOIS COLLEGE. THE FOUNDATION PROMOTES EXCELLENCE BY SECURING GIFTS FOR SPECIAL EDUCATIONAL AND CULTURAL ACTIVITIES THAT ARE NOT PART OF THE COLLEGE BUDGET. 0 0 2317126 2317126 0 SCHOLARSHIPS AND SUPPORT FOR OTHER COLLEGE PROGRAMS. 2317126 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 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 1 0 0 0 1 2 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X X RENA THOELE 6182225496 2500 CARLYLE AVENUE BELLEVILLE IL 62221 MARY BUETTNER PAST BOARD CHAIR / DIRECTOR 2.00 0.00 X X 0 0 0 SUE HOFFMAN BOARD VICE CHAIR 2.00 0.00 X X 0 0 0 MATTHEW GOMRIC FINANCE COMMITTEE CHAIR 2.00 0.00 X X 0 0 0 STAN HATFIELD BOARD MEMBER 2.00 0.00 X 0 0 0 BARBARA CEMPURA BOARD MEMBER 2.00 0.00 X 0 0 0 JEANNE DALMAN BOARD MEMBER 2.00 0.00 X 0 0 0 SAM HANGER FINANCE COMMITTEE VICE CHAIR 2.00 0.00 X 0 0 0 BOB NOVACK BOARD MEMBER 2.00 0.00 X 0 0 0 NORMA BELLCOFF BOARD CHAIR 2.00 0.00 X X 0 0 0 DR ELIZABETH JOHNS BOARD MEMBER 2.00 0.00 X 0 0 0 THOMAS MULHERIN BOARD MEMBER 2.00 0.00 X 0 0 0 RENA THOELE EXECUTIVE DIRECTOR 40.00 0.00 X 0 89711 0 MARGOT MIDDLETON-HOLT TREASURER (EX-OFFICIO) 2.00 0.00 X 0 0 0 0 89711 0 0 0 0 0 0 52703 1265800 11186 1318503 291746 291746 5911468 5735035 176433 176433 176433 13175 52703 35734 -22559 -22559 ART CLASS 611310 31771 31771 MISCELLANEOUS INCOME 459900 39 39 31810 1795933 0 0 477430 2014779 2014779 302347 302347 48235 48235 853 853 754 754 31441 31441 2398409 2317126 79676 1607 1095105 989614 3675000 53156 3653950 3621844 11087095 12301729 70972 74292 448848 0 16355970 16987479 202018 643616 202018 643616 X 4817535 4405587 11336417 11938276 16153952 16343863 16355970 16987479 -602476 792387 0 X X 0 1 X 1 0 X X 1 SOUTHWESTERN ILLINOIS COLLEGE 370896981 6 1 2014779 0 1 2014779 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X X 1 1 SCHEDULE A, SECTION D, LINE 2 THE BOARD OF TRUSTEES OF SOUTHWESTERN ILLINOIS COLLEGE (SWIC / COLLEGE) APPOINTS THE FOUNDATION DIRECTOR AND THE FOUNDATION STAFF. THE PRESIDENT OF THE COLLEGE AND THE CHAIRMAN OF THE COLLEGE BOARD OF TRUSTEES ARE ALSO FOUNDATION BOARD MEMBERS AND THE COLLEGE PRESIDENT ATTENDS EVERY FOUNDATION BOARD MEETING, IF POSSIBLE, TO UDPATE THE FOUNDATION BOARD ON ALL ACTIVITIES THAT ARE HAPPENING AT THE COLLEGE. THE DIRECTOR OF THE FOUNDATION WORKS TOGETHER WITH THE COLLEGE PRESIDENT WHEN PLANNING FOUNDATION EVENTS. ALL DECISIONS MADE REGARDING THE EVENT MUST GET THE PRESIDENT'S APPROVAL BEFORE MOVING FORWARD. SCHEDULE A, SECTION E, LINE 1C THE ORGANIZATION EXCLUSIVELY SUPPORTS SOUTHWESTERN ILLINOIS COLLEGE, A POLITICAL SUBDIVISION OF THE STATE OF ILLINOIS. SCHEDULE A, SECTION E, LINE 2A THE MISSION AND GOALS OF THE SWIC FOUNDATION ARE TO MAINTAIN AND ENHANCE THE QUALITY OF LIFE BY DEVELOPING FRIENDS AND FUNDS FOR SUPPORT OF THE EDUCATIONAL, CULTURAL, AND SERVICE GOALS OF SOUTHWESTERN ILLINOIS COLLEGE. THE FOUNDATION PROMOTES EXCELLENCE BY SECURING GIFTS FOR SPECIAL EDUCATIONAL AND CULTURAL ACTIVITIES THAT ARE NOT PART OF THE COLLEGE BUDGET. THE FOUNDATION OWNS AND MANAGES AN INVESTMENT PORTFOLIO NECESSARY TO ACHIEVING THIS MISSION. SCHEDULE A, SECTION E, LINE 2B ANNUALLY, IF THE MONEY IS AVAILABLE, THE FOUNDATION OFFERS ENHANCEMENT GRANTS TO VARIOUS DEPARTMENTS IN THE COLLEGE. THESE GRANTS ENABLE THE RECIPIENTS TO FUND PROJECTS AND PROGRAMS THAT THEY WOULD NOT OTHERWISE BE ABLE TO AFFORD WITHIN THEIR COLLEGE BUDGET. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 471886 992512 154110 3050 1615458 480814 -8928 471886 480814 480814 481815 3264 4265 480814 4453875 309940 -3912234 300055 36813 32898 481815 0.00000 0.26000 0.74000 0 0 2460000 2460000 1215000 53156 1161844 3621844 X 2913932 792387 373844 1166231 1747701 48232 48232 1795933 2724021 373844 373844 2350177 48232 48232 2398409 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS AND TO PAY EXPENSES ASSOCIATED WITH SOLICITING, RECEIVING, HOLDING, AND ADMINISTERING CONTRIBUTIONS FOR SCHOLARSHIPS, PROGRAMS AND ENHANCEMENT GRANTS. THE ORGANIZATION HAS HISTORICALLY LISTED ALL FUNDS RESTRICTED FOR SCHOLARSHIPS AND OTHER PURPOSES AS ENDOWMENT FUNDS ON THE 990, BEYOND WHAT IS LISTED IN THE FINANCIAL STATEMENTS AS ENDOWED FUNDS. THAT PRESENTATION WAS CHANGED IN 2020 TO MATCH THE CORRESPONDING FOOTNOTE OF THE AUDITED FINANCIAL STATEMENTS GOING FORWARD. INVESTMENT EARNINGS / LOSSES WERE ADJUSTED TO MATCH THE ENDING BALANCE OF ENDOWED FUNDS REPORTED ON THE 990 WITH THE AMOUNT REPORTED ON THE FINANCIAL STATEMENTS. THIS ADJUSTMENT REPRESENTS THE REMOVAL OF CERTAIN FUNDS THAT WERE RESTRICTED, BUT NOT ENDOWED. PART X, LINE 2: THE FOUNDATION FOLLOWS STANDARDS GOVERNING THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE FOUNDATION EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023. SWGCC GOLF TOURNAMENT 18672 14938 3734 11416 BLUE STORM GOLF TOURNAMENT 22345 17876 4469 3300 11815 1285 2 24861 19889 4972 1000 1038 1715 4165 65878 52703 13175 4300 12853 1715 16866 35734 -22559 1 SOUTHWESTERN ILLINOIS COLLEGE 2500 CARLYLE AVENUE BELLEVILLE IL 62221 370896981 GOVERNMENTAL 2014779 0 MONIES USED TO PURCHASE CAPITAL ASSETS AND SUPPORT PROGRAMS TO ASSIST THE COLLEGE WITH ITS MISSION 1 SCHOLARSHIPS 291 302347 PART I, LINE 2: GRANT MONIES ARE PROVIDED TO THE COLLEGE TO STUDENTS BASED ON NEED, FIELD OF STUDY, ETC. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED FIRST BY THE FOUNDATION'S ACCOUNTING SPECIALIST AND THEN SUBMITTED TO THE FINANCE COMMITTEE FOR REVIEW. THE ENTIRE BOARD IS THEN PROVIDED A COPY PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY IS SET IN PLACE AND EACH MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS MUST FILL OUT A DISCLOSURE FORM ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS POSTED ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C THE FINANCIAL RESULTS OF THE ORGANIZATION ARE INCLUDED IN, BUT NOT CONSOLIDATED WITH, THE INDEPENDENT AUDITED FINANCIAL STATEMENTS OF SOUTHWESTERN ILLINOIS COLLEGE. A COMMITTEE HAS THE AUTHORITY TO OVERSEE THE INDEPENDENT AUDIT AND CHOOSE AN INDEPENDENT AUDITOR. A SIMILAR PROCEDURE HAS BEEN PRESENT IN PRIOR YEARS. SOUTHWESTERN ILLINOIS COLLEGE 2500 CARLYLE AVENUE BELLEVILLE IL 62221 370896981 EDUCATION IL GOVERNMENTAL LINE 6 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0