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Nonprofit · EIN 23-7212073

LINN-BENTON COMMUNITY COLLEGE FOUNDATION INC

Tax-exempt · ALBANY, OR 97321

Financials

$1.7M$1.2M2023$2.4M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of LINN-BENTON COMMUNITY COLLEGE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,355,069$1,323,370$1,031,699$15,528,688$221,489$15,307,199
December 31, 2023990$1,678,144$1,175,258$502,886$13,585,102$61,379$13,523,723
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,492,436
Program service revenue
$0
Investment income
$836,072
Net rental income
-$26,753
Other revenue
$26,561

Expenses

Grants and similar amounts paid
$521,300
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Travel
$43,371
Program services (functional)
$729,607
Management and general (functional)
$593,763

Balance sheet and other

Total assets, start of year
$13,585,102
Total assets, end of year
$15,528,688
Total liabilities, end of year
$221,489
Net assets, end of year
$15,307,199
Land, buildings and equipment
$3,232,933
Publicly traded securities
$10,530,480
Net assets without donor restrictions
$1,717,949
Net assets with donor restrictions
$13,589,250
Gross receipts
$2,390,497
Employees
0
Year formed
1972
State of legal domicile
OR

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
STEVEN BRONCHEAUExecutive Director
Officer
40$0$139,940$46,005
PENNY YORKPresident
Trustee or director
2$0$0$0
HEDIE SCHULTEVice President
Trustee or director
1$0$0$0
MARTY CAHILLTreasurer
Trustee or director
1$0$0$0
JO ANN MCQUEARYSecretary
Trustee or director
1$0$0$0
CHARLIE EADSBoard Member
Trustee or director
1$0$0$0
JEFF DAVISBoard Member
Trustee or director
1$0$0$0
JOAN REUKAUFBoard Member
Trustee or director
1$0$0$0
JEANNIE DAVISBoard Member
Trustee or director
1$0$0$0
CAROLYN GARDNERBoard Member
Trustee or director
1$0$0$0
DIANE MERTENBoard Member
Trustee or director
1$0$0$0
BETTY MALONEBoard Member
Trustee or director
1$0$0$0
CHRIS HANSONBoard Member
Trustee or director
1$0$0$0
ROSE PEDABoard Member
Trustee or director
1$0$0$0
DAN SEGELBoard Member
Trustee or director
1$0$0$0
2 more people on this return
NameTitleHours / weekCompensation
DICK RUNNINGBoard Member
Trustee or director
1$0
LAURI LEHMANBoard Member
Trustee or director
1$0
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensationFrom related orgs
STEVEN BRONCHEAUFoundation Director
Officer
40$0$41,331
CHRIS HANSONPresident
Trustee or director
2$0$0
PENNY YORKVice President
Trustee or director
1$0$0
MARTY CAHILLTreasurer
Trustee or director
1$0$0
JO ANN MCQUEARYSecretary
Trustee or director
1$0$0
CHARLIE EADSBoard Member
Trustee or director
1$0$0
JEFF DAVISBoard Member
Trustee or director
1$0$0
STACIE WYSS-SCHOENBORNBoard Member
Trustee or director
1$0$0
JEANNIE DAVISBoard Member
Trustee or director
1$0$0
CAROLYN GARDNERBoard Member
Trustee or director
1$0$0
DIANE MERTENBoard Member
Trustee or director
1$0$0
HEDIE SCHULTEBoard Member
Trustee or director
1$0$0
RICK PETERSENBoard Member
Trustee or director
1$0$0
ROSE PEDABoard Member
Trustee or director
1$0$0
DAN SEGELBoard Member
Trustee or director
1$0$0
DICK RUNNINGBoard Member
Trustee or director
1$0$0
LAURI LEHMANBoard Member
Trustee or director
1$0$0
CELESTE KRUEGERBoard Member
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
6500 PACIFIC BLVD SW, ALBANY, OR 97321-3755
In care of
% JESS JACOBS
Principal officer (990 for 2024)
Jess Jacobs, 6500 Pacific Blvd SW, Albany, OR 97321
Signed the 990
JESS JACOBS, Director Accounting & Budget
Phone
(541) 917-4561

Mission

The Foundation exists for the express purpose of advancing and promoting the interest and development of Linn-Benton Community College and the students, faculty and community.

990 for the year ended December 31, 2024

Program accomplishments

  • Scholarships and grants to students of Linn-Benton Community College.
    Expenses $488,949 · grants $488,949
  • Donations of monies and materials to support Linn-Benton Community College.
    Expenses $240,658 · grants $32,351

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7212073
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Organization supporting a government college or university
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1972
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B11)
Assets (IRS master file)
$15,528,688
Income (IRS master file)
$2,390,497

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,355,069$1,323,370$15,528,688XML
990December 2023$1,678,144$1,175,258$13,585,102XML
990December 2022$1,858,139$1,147,695$12,016,438IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7212073).

Questions about LINN-BENTON COMMUNITY COLLEGE FOUNDATION INC

What is the EIN of LINN-BENTON COMMUNITY COLLEGE FOUNDATION INC?
The employer identification number (EIN) of LINN-BENTON COMMUNITY COLLEGE FOUNDATION INC is 23-7212073.
Is LINN-BENTON COMMUNITY COLLEGE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
Are donations to LINN-BENTON COMMUNITY COLLEGE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LINN-BENTON COMMUNITY COLLEGE FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LINN-BENTON COMMUNITY COLLEGE FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LINN-BENTON COMMUNITY COLLEGE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LINN-BENTON COMMUNITY COLLEGE FOUNDATION INC?
The 990 for the year ended December 31, 2024 names Jess Jacobs.
Who are the officers and directors of LINN-BENTON COMMUNITY COLLEGE FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
How much revenue does LINN-BENTON COMMUNITY COLLEGE FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,355,069, expenses of $1,323,370 and total assets of $15,528,688 at year end.

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