Nonprofit · EIN 37-1207827
ILLINOIS CENTRAL COLLEGE FOUNDATION
Tax-exempt · EAST PEORIA, IL 61635
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,133,173 | $4,603,286 | $1,529,887 | $45,269,321 | $13,838,340 | $31,430,981 |
| June 30, 2024 | 990 | $4,954,360 | $4,360,679 | $593,681 | $41,793,754 | $14,330,849 | $27,462,905 |
| June 30, 2023 | 990 | $3,714,382 | $3,988,916 | -$274,534 | $38,398,159 | $14,641,582 | $23,756,577 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,324,860
- Program service revenue
- $1,753,092
- Investment income
- $1,895,889
- Net gain from sales of assets
- $1,027,271
- Net income from fundraising events
- $104,176
- Other revenue
- $159,332
Expenses
- Grants and similar amounts paid
- $846,951
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,260
- Depreciation
- $503,874
- Program services (functional)
- $4,603,286
Balance sheet and other
- Total assets, start of year
- $41,793,754
- Total assets, end of year
- $45,269,321
- Total liabilities, end of year
- $13,838,340
- Net assets, end of year
- $31,430,981
- Land, buildings and equipment
- $4,412,834
- Publicly traded securities
- $39,804,509
- Net assets without donor restrictions
- -$5,853,817
- Net assets with donor restrictions
- $37,284,798
- Gross receipts
- $11,112,033
- Employees
- 0
- Volunteers
- 50
- Year formed
- 1988
- 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 |
|---|---|---|---|---|---|
| DR SHEILA QUIRK-BAILEY | PRESIDENT - ICC Officer | 2 | $0 | $319,102 | $35,997 |
| BRUCE BUDDE | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 4 | $0 | $257,261 | $26,711 |
| MIKE UNES | VP OF INSTITUTIONAL ADVANCEMENT Officer | 40 | $0 | $133,859 | $12,204 |
| STEPHANIE HOLMES | EXECUTIVE DIRECTOR Officer | 40 | $0 | $96,844 | $18,746 |
| ED BARRY JR | BOARD MEMBER (FROM 03/25) Trustee or director | 1 | $0 | $0 | $0 |
| TAMMIE FLETCHER | BOARD MEMBER (FROM 11/24) Trustee or director | 1 | $0 | $0 | $0 |
| CARISSA ISBELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN JOHNSON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JULIA M ISSA-GHANTOUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| AARON KILGORE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MATTHEW KURTH | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NICK LAVIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATHY MA | PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MELISSA SAGE-BOLLENBACH | BOARD MEMBER (FROM 10/24) Trustee or director | 1 | $0 | $0 | $0 |
| DR KEILA SIERRA | BOARD MEMBER (FROM 11/24) Trustee or director | 1 | $0 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HANK STICKELMAIER | BOARD MEMBER (FROM 01/25) Trustee or director | 1 | $0 |
| TOBIN TAYLOR | BOARD MEMBER (FROM 01/25) Trustee or director | 1 | $0 |
| CEDRIC VOLKMER | SECRETARY Trustee or director, Officer | 1 | $0 |
| TINA WALTON | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID ZERN | BOARD MEMBER Trustee or director | 1 | $0 |
| ANGIE OSTASZEWSKI | BOARD MEMBER Trustee or director | 1 | $0 |
| DIANE LAMB | BOARD MEMBER (THRU 04/25) Trustee or director | 1 | $0 |
| GEORGE GHAREEB | BOARD MEMBER Trustee or director | 1 | $0 |
| CRAIG HABEGER | BOARD MEMBER (THRU 08/24) Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR SHEILA QUIRK-BAILEY | PRESIDENT - ICC Officer | 2 | $0 | $307,182 | $34,907 |
| BRUCE BUDDE | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 4 | $0 | $242,335 | $25,522 |
| KIM ARMSTRONG | VP OF MARKETING Key employee | 2 | $0 | $165,002 | $18,807 |
| STEPHANIE HOLMES | EXECUTIVE DIRECTOR FNDN Officer | 40 | $0 | $93,312 | $17,943 |
| TINA WALTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NICK LAVIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JULIA M ISSA-GHANTOUS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN SUTHERLAND | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GEORGE GHAREEB | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DON JACKSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID ZERN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CRAIG HABEGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN SLATER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ANGIE OSTASZEWSKI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| AARON KILGORE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CARISSA ISBELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GALE THETFORD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CEDRIC VOLKMER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATHY MA | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MATTHEW KURTH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DIANE LAMB | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR SHEILA QUIRK-BAILEY | PRESIDENT - ICC Officer | 2 | $0 | $285,130 | $34,199 |
| BRUCE BUDDE | CFO Trustee or director, Officer | 4 | $0 | $226,059 | $24,196 |
| KIM ARMSTRONG | VP OF MARKETING Key employee | 2 | $0 | $155,171 | $18,275 |
| STEPHANIE HOLMES | EXECUTIVE DIRECTOR FNDN Officer | 40 | $0 | $89,082 | $17,527 |
| TINA WALTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RONALD A GIVENS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PAUL KOURI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NICK LAVIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LISA R MULLINS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JULIA M ISSA-GHANTOUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN SUTHERLAND | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GEORGE GHAREEB | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DON SHAFER | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DON JACKSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID ZERN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CRAIG HABEGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CATHY ALGAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN SLATER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN JOHNSON | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRIAN GRUBER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ANGIE OSTASZEWSKI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| AARON KILGORE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KATHY MA | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KELLY DANIELS | BOARD MEMBER Institutional trustee | 1 | $0 | $0 | $0 |
| CARISSA ISBELL | BOARD MEMBER Institutional trustee | 1 | $0 | $0 | $0 |
| GALE THETFORD | BOARD MEMBER Institutional trustee | 1 | $0 | $0 | $0 |
| CEDRIC VOLKMER | BOARD MEMBER Institutional trustee | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 COLLEGE DR, EAST PEORIA, IL 61635-0001
- Principal officer (990 for 2024)
- MIKE UNES, ONE COLLEGE DRIVE, EAST PEORIA, IL 61635
- Signed the 990
- BRUCE BUDDE, CHIEF FINANCIAL OFFICER
- Phone
- (309) 694-5337
- Website
- WWW.ICC.EDU
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES AND NOT FOR FINANCIAL GAIN. IT'S PRIMARY GOAL IS TO OBTAIN AND ADMINISTER FUNDS FOR ILLINOIS CENTRAL COLLEGE, DISTRICT #514, EAST PEORIA, ILLINOIS WITH THE PURPOSE OF DEVELOPING AND AUGMENTING ITS FACILITIES AND CARRYING OUT ITS EDUCATIONAL FUNCTIONS.
Program accomplishments
- PROVIDE FINANCIAL ASSISTANCE IN ORDER TO PROVIDE STUDENT HOUSING FOR 330 STUDENTS ON CAMPUS FOR ILLINOIS CENTRAL COLLEGE.Expenses $2,676,977 · revenue $1,808,248
- AWARDED STUDENT SCHOLARSHIPS TO APPROXIMATELY 600 QUALIFYING ILLINOIS CENTRAL COLLEGE STUDENTS.Expenses $846,951 · grants $846,951
- MISCELLANEOUS SUPPORT PROVIDED TO ILLINOIS CENTRAL COLLEGE FOR CHILD CARE PROGRAMS, ATHLETIC DEPARTMENT EXPENSES, INTERNATIONAL STUDIES PROGRAM, TECHNICAL TRADES AND INSTRUCTIONAL SUPPLIES.Expenses $1,079,358
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
- 37-1207827
- 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
- 1988
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $45,269,321
- Income (IRS master file)
- $11,112,033
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,133,173 | $4,603,286 | $45,269,321 | XML |
| 990 | June 2024 | $4,954,360 | $4,360,679 | $41,793,754 | XML |
| 990 | June 2023 | $3,714,382 | $3,988,916 | $38,398,159 | XML |
| 990 | June 2022 | $5,075,188 | $2,967,984 | $36,893,263 | 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 37-1207827).
Questions about ILLINOIS CENTRAL COLLEGE FOUNDATION
- What is the EIN of ILLINOIS CENTRAL COLLEGE FOUNDATION?
- The employer identification number (EIN) of ILLINOIS CENTRAL COLLEGE FOUNDATION is 37-1207827.
- Is ILLINOIS CENTRAL COLLEGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to ILLINOIS CENTRAL COLLEGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ILLINOIS CENTRAL 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 ILLINOIS CENTRAL 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 ILLINOIS CENTRAL 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 ILLINOIS CENTRAL COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 names MIKE UNES.
- Who are the officers and directors of ILLINOIS CENTRAL COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 24 people; 0 received compensation from the organization.
- How much revenue does ILLINOIS CENTRAL COLLEGE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,133,173, expenses of $4,603,286 and total assets of $45,269,321 at year end.
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- JUNIOR ACHIEVEMENT OF CENTRAL ILLINOIS EIN 37-0657600 · last filed 990 for 2025
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