Nonprofit · EIN 41-1351691
VERMILION COMMUNITY COLLEGE FOUNDATION INC
Tax-exempt · ELY, MN 55731
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $226,315 | $115,758 | $110,557 | $1,895,115 | $207 | $1,894,908 |
| June 30, 2024 | 990 | $171,211 | $122,184 | $49,027 | $1,679,440 | $0 | $1,679,440 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $165,620
- Program service revenue
- $0
- Investment income
- $60,695
- Net gain from sales of assets
- $2,548
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $75,960
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,788
- Program services (functional)
- $92,318
- Management and general (functional)
- $23,440
Balance sheet and other
- Total assets, start of year
- $1,679,440
- Total assets, end of year
- $1,895,115
- Total liabilities, end of year
- $207
- Net assets, end of year
- $1,894,908
- Publicly traded securities
- $1,556,901
- Gross receipts
- $405,886
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1979
- 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 |
|---|---|---|---|
| ANNE FOLZ | DIRECTOR Trustee or director | 1 | $0 |
| CHAD BOEDEKER | Secretary Trustee or director, Officer | 1 | $0 |
| COLIN YAHNKE | Director Trustee or director | 1 | $0 |
| DEB MILLER | President Trustee or director, Officer | 1 | $0 |
| DEREK LOSSING | DIRECTOR Trustee or director | 1 | $0 |
| O'NIELL TEDROW | Vice President Trustee or director, Officer | 1 | $0 |
| TOM PUSTOVAR | Treasurer Trustee or director, Officer | 1 | $0 |
| TRENT JANEZICH | EX OFFICIO Officer | 2 | $0 |
| ELIZABETH CHAPMAN | Executive Dir. Officer | 30 | $0 |
| AARON BENDER | EX OFFICIO Officer | 1 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNE FOLZ | DIRECTOR Trustee or director | 1 | $0 |
| CHAD BOEDEKER | Director Trustee or director | 1 | $0 |
| PAM TURNBULL | Vice President Trustee or director, Officer | 1 | $0 |
| COLIN YAHNKE | Director Trustee or director | 1 | $0 |
| DEB MILLER | Secretary Trustee or director, Officer | 1 | $0 |
| DEREK LOSSING | DIRECTOR Trustee or director | 1 | $0 |
| O'NIELL TEDROW | Director Trustee or director | 1 | $0 |
| SHERI ISRAEL | President Trustee or director, Officer | 1 | $0 |
| TOM PUSTOVAR | Treasurer Trustee or director, Officer | 1 | $0 |
| TRENT JANEZICH | EX OFFICIO Officer | 2 | $0 |
| ELIZABETH CHAPMAN | Executive Dir. Officer | 30 | $0 |
| CRHIS KOIVISTO | EX OFFICIO Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1900 E CAMP ST, ELY, MN 55731-1918
- Principal officer (990 for 2024)
- SHERI ISRAEL
- Signed the 990
- TOM PUSTOVAR, Treasurer
- Phone
- (218) 235-2166
- Return prepared by
- Walker Giroux & Hahne LLC
Mission
TO PROMOTE A STRONGER AWARENESS OF AND BOND BETWEEN VERMILION COMMUNITY COLLEGE AND THE COMMUNITIES IT SERVES; AND TO SEEK, ACCEPT, AND ADMINISTER FINANCIAL AND MATERIAL GIFTS FOR THE BENEFIT OF THE COLLEGE, ITS STUDENTS, AND THE COMMUNITIES. PRIMARY ACTIVITIES INCLUDE SCHOLARSHIP AWARDS AND SUPPORT FOR EDUCATIONAL PROGRAMMING.
Program accomplishments
- SCHOLARSHIPS AND GRANTS TO STUDENTS - RECIPIENTS ARE SELECTED BY A COMMITTEE OF FACULTY, SUPPORT STAFF, AND ADMINISTRATORS. SELECTIONS ARE BASED ON INFO FROM APPLICATIONS AND COMMITTEE INPUT. THE AWARDS ARE REPORTED TO THE COLLEGE FINANCIAL AID DEPARTMENT AND GENERALLY PAID DIRECTLY TO THE COLLEGE TO ASSIST WITH THE STUDENTS' TUITION AND TEXTBOOK COSTS.Expenses $92,318
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
- 41-1351691
- 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
- 1979
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B41I)
- Assets (IRS master file)
- $1,895,115
- Income (IRS master file)
- $405,886
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $226,315 | $115,758 | $1,895,115 | XML |
| 990 | June 2024 | $171,211 | $122,184 | $1,679,440 | XML |
| 990 | June 2023 | $113,109 | $102,398 | $1,536,625 | IRS |
| 990 | June 2022 | $422,170 | $78,057 | $1,442,704 | IRS |
| 990 | June 2021 | – | – | – | 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 41-1351691).
Questions about VERMILION COMMUNITY COLLEGE FOUNDATION INC
- What is the EIN of VERMILION COMMUNITY COLLEGE FOUNDATION INC?
- The employer identification number (EIN) of VERMILION COMMUNITY COLLEGE FOUNDATION INC is 41-1351691.
- Is VERMILION COMMUNITY COLLEGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to VERMILION COMMUNITY COLLEGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERMILION 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 VERMILION COMMUNITY COLLEGE FOUNDATION INC 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 VERMILION COMMUNITY COLLEGE FOUNDATION INC 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 VERMILION COMMUNITY COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names SHERI ISRAEL.
- Who are the officers and directors of VERMILION COMMUNITY COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does VERMILION COMMUNITY COLLEGE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $226,315, expenses of $115,758 and total assets of $1,895,115 at year end.
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