Nonprofit · EIN 41-0991901
ITASCA CMMUNITY COLLEGE FOUNDATION
Tax-exempt · GRAND RAPIDS, MN 55744
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $748,775 | $527,939 | $220,836 | $6,425,804 | $2,707 | $6,423,097 |
| June 30, 2024 | 990 | $696,604 | $410,978 | $285,626 | $5,852,843 | $15,856 | $5,836,987 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $469,634
- Program service revenue
- $0
- Investment income
- $279,141
- Net gain from sales of assets
- $52,738
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $316,339
- Compensation of officers, directors and key employees
- $70,746
- Other salaries and wages
- $7,322
- Salaries, compensation and benefits (total)
- $84,126
- Professional fundraising fees
- $0
- Accounting fees
- $16,132
- Travel
- $94
- Program services (functional)
- $401,786
- Management and general (functional)
- $99,292
- Fundraising (functional)
- $26,861
Balance sheet and other
- Total assets, start of year
- $5,852,843
- Total assets, end of year
- $6,425,804
- Total liabilities, end of year
- $2,707
- Net assets, end of year
- $6,423,097
- Publicly traded securities
- $6,381,344
- Net assets without donor restrictions
- $104,900
- Net assets with donor restrictions
- $6,318,197
- Gross receipts
- $883,829
- Employees
- 2
- Volunteers
- 12
- Year formed
- 1988
- State of legal domicile
- MN
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 |
|---|---|---|---|
| Charles Black | Executive Director Officer | 40 | $70,053 |
| Kirk Adams | Chair Trustee or director, Officer | 1 | $0 |
| Mike Chandler | Vice Chair Trustee or director, Officer | 1 | $0 |
| Diane Weber | Treasurer Trustee or director, Officer | 1 | $0 |
| Jenna Carlson Jahn | Secretary Trustee or director, Officer | 1 | $0 |
| Michelle Carlson | Director Trustee or director | 1 | $0 |
| Cory Jackson | Director Trustee or director | 1 | $0 |
| Tom Saxhaug | Director Trustee or director | 1 | $0 |
| Patrick Mathias | Director Trustee or director | 1 | $0 |
| Steve Wright | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES N BLACK | FOUNDATION D Officer | 40 | $66,680 |
| KRIS FERRARO | CHAIR Trustee or director | 1 | $0 |
| KIRK ADAMS | VICE CHAIR Trustee or director | 1 | $0 |
| MAGGIE SKELTON | PAST CHAIR Trustee or director | 1 | $0 |
| DIANE WEBER | TREASURER Trustee or director | 1 | $0 |
| ALIE MCINERNEY | SECRETARY Trustee or director | 1 | $0 |
| MIKE CHANDLER | DIRECTOR Trustee or director | 1 | $0 |
| JENNA CARLSON JAHN | DIRECTOR Trustee or director | 1 | $0 |
| SANDY LAYMAN | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN LYNCH | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK MATHIAS | DIRECTOR Trustee or director | 1 | $0 |
| TOM SAXHAUG | DIRECTOR Trustee or director | 1 | $0 |
| STEVE WRIGHT | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 539, GRAND RAPIDS, MN 55744-0078
- Principal officer (990 for 2024)
- Charles Black, 1851 E Hwy 169, Grand Rapids, MN 55744
- Signed the 990
- Charles Black, Executive Director
- Phone
- (218) 322-2451
- Website
- iccfoundation.org
- Return prepared by
- Abdo LLP
Mission
The ICC Foundation supports and benefits students and the college by encouraging and facilitating financial contributions from alumni and friends of the college.
Program accomplishments
- The ICC Foundation hosts over 100 scholarship funds which provided over $125,000 in direct financial support to Itasca students. In addition to scholarships, the Foundation invested over $280,000 into various on-campus programs and projects to improve student experiences, including a $180,000 renovation of the campus' Nursing Department public spacesExpenses $401,786 · grants $316,339
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
- 41-0991901
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1973
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B41I)
- Assets (IRS master file)
- $6,425,804
- Income (IRS master file)
- $883,829
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $748,775 | $527,939 | $6,425,804 | XML |
| 990 | June 2024 | $696,604 | $410,978 | $5,852,843 | XML |
| 990 | June 2023 | $488,996 | $454,710 | $5,277,046 | IRS |
| 990 | June 2022 | -$301,295 | $419,027 | $4,845,985 | 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 41-0991901).
Questions about ITASCA CMMUNITY COLLEGE FOUNDATION
- What is the EIN of ITASCA CMMUNITY COLLEGE FOUNDATION?
- The employer identification number (EIN) of ITASCA CMMUNITY COLLEGE FOUNDATION is 41-0991901.
- Is ITASCA CMMUNITY COLLEGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to ITASCA CMMUNITY COLLEGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does ITASCA CMMUNITY 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 ITASCA CMMUNITY 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 ITASCA CMMUNITY 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 ITASCA CMMUNITY COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 names Charles Black.
- Who are the officers and directors of ITASCA CMMUNITY COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $70,053 (Charles Black, Executive Director).
- How much revenue does ITASCA CMMUNITY COLLEGE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $748,775, expenses of $527,939 and total assets of $6,425,804 at year end.
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