CARL SANDBURG COLLEGE FOUNDATION

EIN: 237098820 501(c)(3) Education

GALESBURG, IL

Total Revenue
$2,438,125
Total Expenses
$1,057,025
Total Assets
$25,421,668
Net Assets
$25,200,632
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
IL
Principal Officer
CHAD LONG
Phone
3093415349
Tax Period
2023-07-01 to 2024-06-30

CARL SANDBURG COLLEGE FOUNDATION, founded in 1969, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 57% operating margin.

Mission

TO RAISE AND RECEIVE CHARITABLE GIFTS, BE RESPONSIBLE STEWARDS OF DONORS' GIFTS, AND PROVIDE FINANCIAL SUPPORT TO STUDENTS AND PROGRAMS OF CARL SANDBURG COLLEGE

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $512,719
Program Service Revenue $0
Investment Income $1,925,406
Other Revenue $0
TOTAL REVENUE $2,438,125

Expense Breakdown

Grants Paid $603,355
Salaries & Benefits $0
Fundraising Expenses $61,829
Program Expenses $603,355
Other Expenses $453,670
TOTAL EXPENSES $1,057,025

Year-over-Year Comparison

2023 2022 Change
Revenue $2,438,125 $1,078,172 +1.3%
Expenses $1,057,025 $730,694 +0.4%
Net Income $1,381,100 $347,478 +3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
80

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$93,436
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD LONG PRESIDENT 0.50
Officer Director
$0 $0 $0
EDWARD BARRY PAST PRESIDENT 0.50
Officer Director
$0 $0 $0
DEBORAH MORENO VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
MICHELLE KIM SECRETARY 0.50
Officer Director
$0 $0 $0
CHARLES CAULKINS DIRECTOR 0.25
Director
$0 $0 $0
CANDACE D'AGNOLO DIRECTOR 0.25
Director
$0 $0 $0
RODNEY GRIMES DIRECTOR 0.25
Director
$0 $0 $0
TRACEY MOORE-BAKER DIRECTOR 0.25
Director
$0 $0 $0
MARY PANTHER DIRECTOR 0.25
Director
$0 $0 $0
GAYLA PACHECO DIRECTOR 0.25
Director
$0 $0 $0
DR ADAM SANBERG DIRECTOR 0.25
Director
$0 $0 $0
ROBERT SENNEFF DIRECTOR 0.25
Director
$0 $0 $0
CRAIG WILLIS DIRECTOR 0.25
Director
$0 $0 $0
SANDRA WOOD DIRECTOR 0.25
Director
$0 $0 $0
ERIC JOHNSON CHIEF ADVANCEMENT OFFICER 30.00
Officer
$81,545 $11,891 $93,436
DR SEAMUS REILLY EX OFFICIO, COLLEGE PRESIDENT 10.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $2,438,125 $1,057,025 $25,421,668 $1,381,100
2023 $1,078,172 $730,694 $22,780,109 $347,478
2022 $1,839,021 $497,851 $20,893,938 $1,341,170
2021 $1,130,415 $461,255 $25,222,679 $669,160
2020 $1,011,799 $493,860 $20,143,240 $517,939
2019 $1,262,844 $398,873 $19,268,661 $863,971
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