Nonprofit · EIN 23-7418071
FRIENDS OF MCHENRY COUNTY COLLEGE FOUNDATION
Tax-exempt · CRYSTAL LAKE, IL 60012
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,110,760 | $1,758,542 | $352,218 | $16,979,900 | $243,476 | $16,736,424 |
| June 30, 2024 | 990 | $4,639,353 | $6,614,465 | -$1,975,112 | $19,772,906 | $4,520,570 | $15,252,336 |
| June 30, 2023 | 990 | $6,410,523 | $874,633 | $5,535,890 | $16,404,668 | $29,058 | $16,375,610 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,296,727
- Program service revenue
- $0
- Investment income
- $740,743
- Net gain from sales of assets
- $225,294
- Net income from fundraising events
- $73,290
- Other revenue
- $73,290
Expenses
- Grants and similar amounts paid
- $1,562,344
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $31,770
- Occupancy
- $2,761
- Program services (functional)
- $1,585,119
- Management and general (functional)
- $114,431
- Fundraising (functional)
- $58,992
Balance sheet and other
- Total assets, start of year
- $19,772,906
- Total assets, end of year
- $16,979,900
- Total liabilities, end of year
- $243,476
- Net assets, end of year
- $16,736,424
- Publicly traded securities
- $12,577,191
- Net assets without donor restrictions
- $3,686,555
- Net assets with donor restrictions
- $13,049,869
- Gross receipts
- $6,031,574
- Employees
- 0
- Volunteers
- 32
- Year formed
- 1966
- State of legal domicile
- IL
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN DIBONA | EXECUTIVE DIRECTOR Officer | 40 | $0 | $85,051 | $40,853 |
| STEVE RANKINS | PRESIDENT Trustee or director, Officer | 8 | $0 | $0 | $0 |
| JOHN SCHUETTE | VICE PRESIDENT Trustee or director, Officer | 8 | $0 | $0 | $0 |
| RICH PAYSON | TREASURER Trustee or director, Officer | 8 | $0 | $0 | $0 |
| ANN SCHIRK | SECRETARY Trustee or director, Officer | 8 | $0 | $0 | $0 |
| ERIN BOERMAN | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| COLE BREESE | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| MONICA CASTILLO | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| MELISSA COONEY | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| ANDY GOLL | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| ELVIRA GUERRERO | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| LINNEA KOOISTRA | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| ALEXA MALOUF | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| CHRIS MERRELL | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| MARY MILLER | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURIE RETZLAFF | BOARD MEMBER Trustee or director | 4 | $0 |
| CHRIS SCHMIDT | BOARD MEMBER Trustee or director | 4 | $0 |
| MARY CATHERINE SCHULTZ | BOARD MEMBER Trustee or director | 4 | $0 |
| MIKE SMITH | BOARD MEMBER Trustee or director | 4 | $0 |
| DR COREY TAFOYA | BOARD MEMBER Trustee or director | 4 | $0 |
| KRISTINA WHITMORE | BOARD MEMBER Trustee or director | 4 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN DIBONA | EXECUTIVE DIRECTOR Officer | 40 | $0 | $95,386 | $13,872 |
| STEVEN RANKINS | PRESIDENT Trustee or director, Officer | 8 | $0 | $0 | $0 |
| ROB GETTY | TREASURER Trustee or director, Officer | 8 | $0 | $0 | $0 |
| ANN SCHIRK | SECRETARY Trustee or director, Officer | 8 | $0 | $0 | $0 |
| JOHN SCHUETTE | VICE PRESIDENT Trustee or director, Officer | 8 | $0 | $0 | $0 |
| LAURIE RETZLAFF | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| COLE BREESE | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| ALEXA MALOUF | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| CHRISTOPHER MERRELL | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| ROB REVAK | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| COREY TAFOYA | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| GLORIA VAN HOF | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| ERIN BOERMAN | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| MARY CATHERINE SCHULTZ | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| RICHARD PAYSON | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| LINNEA KOOISTRA | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| CHARLOTTE DIOGUARDI | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| MAGDALENA RIVERA | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN DIBONA | EXECUTIVE DIRECTOR Officer | 40 | $0 | $87,199 | $31,696 |
| STEVEN RANKINS | PRESIDENT Trustee or director, Officer | 8 | $0 | $0 | $0 |
| ROB GETTY | TREASURER Trustee or director, Officer | 8 | $0 | $0 | $0 |
| ANN SCHIRK | SECRETARY Trustee or director, Officer | 8 | $0 | $0 | $0 |
| JOHN SCHUETTE | VICE PRESIDENT Trustee or director, Officer | 8 | $0 | $0 | $0 |
| COLE BREESE | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| ALEXA MALOUF | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| MAGGIE RIVERA | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| ROB REVAK | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| COREY TAFOYA | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| GLORIA VAN HOF | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| ERIN BOERMAN | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| RICHARD PAYSON | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| CHRISTOPHER SCHMIDT | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| LAURIE RETZLAFF | BOARD DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8900 US HIGHWAY 14, CRYSTAL LAKE, IL 60012-2738
- In care of
- % MCHENRY COUNTY COLLEGE
- Principal officer (990 for 2024)
- STEVEN RANKINS, 8900 US HIGHWAY 14, CRYSTAL LAKE, IL 60012
- Signed the 990
- STEVEN RANKINS, PRESIDENT
- Phone
- (815) 455-8721
- Website
- WWW.MCHENRY.EDU/SUPPORTMCC
- Return prepared by
- SIKICH LLC
Mission
TOGETHER WITH OUR COMMUNITY WE BUILD FINANCIAL SUPPORT FOR STUDENT LEARNING AND SUCCESS.
Program accomplishments
- THE FOUNDATION ASSISTS IN DEVELOPMENT AND EXPANSION OF EDUCATIONAL FACILITIES AND PROVIDES SCHOLARSHIPS FOR STUDENTS. THE FOUNDATION BENEFITS ALL STUDENTS, ALUMNI AND LOCAL RESIDENTS.Expenses $1,585,119 · grants $1,562,344
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7418071
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1967
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B114)
- Assets (IRS master file)
- $16,979,900
- Income (IRS master file)
- $6,031,574
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,110,760 | $1,758,542 | $16,979,900 | IRS |
| 990 | June 2024 | $4,639,353 | $6,614,465 | $19,772,906 | IRS |
| 990 | June 2023 | $6,410,523 | $874,633 | $16,404,668 | XML |
| 990 | June 2022 | $911,060 | $913,020 | $10,631,591 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 23-7418071).
Questions about FRIENDS OF MCHENRY COUNTY COLLEGE FOUNDATION
- What is the EIN of FRIENDS OF MCHENRY COUNTY COLLEGE FOUNDATION?
- The employer identification number (EIN) of FRIENDS OF MCHENRY COUNTY COLLEGE FOUNDATION is 23-7418071.
- Is FRIENDS OF MCHENRY COUNTY COLLEGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1967.
- Are donations to FRIENDS OF MCHENRY COUNTY COLLEGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF MCHENRY COUNTY COLLEGE FOUNDATION 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 FRIENDS OF MCHENRY COUNTY COLLEGE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF MCHENRY COUNTY COLLEGE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRIENDS OF MCHENRY COUNTY COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 names STEVEN RANKINS.
- Who are the officers and directors of FRIENDS OF MCHENRY COUNTY COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 21 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF MCHENRY COUNTY COLLEGE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,110,760, expenses of $1,758,542 and total assets of $16,979,900 at year end.
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