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 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

THE MISSION OF THE CARL SANDBURG COLLEGE FOUNDATION, FOUNDED IN 1969, IS TO RAISE AND RECEIVE CHARITABLE GIFTS, BE RESPONSIBLE STEWARDS OF DONORS' GIFTS, AND PROVIDE FINANCIAL SUPPORT TO STUDENTS AND PROGRAMS OF CARL SANDBURG COLLEGE TO HELP FURTHER THE COLLEGE'S MISSION AND VISION.

Program Service Accomplishments

Program 1
Expenses: $432,734 Revenue: $0

SCHOLARSHIPS - TO PROVIDE FINANCIAL SUPPORT TO CARL SANDBURG COLLEGE (SANDBURG) STUDENTS. FOUNDATION SCHOLARSHIPS WERE AWARDED BASED ON GENERAL NEED AND/OR ACADEMIC REQUIREMENTS. SCHOLARSHIPS ARE...

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SCHOLARSHIPS - TO PROVIDE FINANCIAL SUPPORT TO CARL SANDBURG COLLEGE (SANDBURG) STUDENTS. FOUNDATION SCHOLARSHIPS WERE AWARDED BASED ON GENERAL NEED AND/OR ACADEMIC REQUIREMENTS. SCHOLARSHIPS ARE APPLIED TO THE STUDENT ACCOUNTS AT SANDBURG. SCHOLARSHIP AWARDS ARE DIVIDED EQUALLY BETWEEN THE FALL AND SPRING SEMESTERS.

Program 2
Expenses: $88,100 Revenue: $0

INNOVATION GRANTS - PREFERENCE IS GIVEN TO ONE-TIME PROJECTS AND EQUIPMENT REQUESTS THAT DIRECTLY IMPACT A LARGE NUMBER OF PERSONS, PARTICULARLY STUDENTS. NEED, MEASURABLE OUTCOMES, AND LIKELIHOOD OF...

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INNOVATION GRANTS - PREFERENCE IS GIVEN TO ONE-TIME PROJECTS AND EQUIPMENT REQUESTS THAT DIRECTLY IMPACT A LARGE NUMBER OF PERSONS, PARTICULARLY STUDENTS. NEED, MEASURABLE OUTCOMES, AND LIKELIHOOD OF SUCCESS ARE IMPORTANT FACTORS. ORGANIZED SANDBURG STUDENT GROUPS, FACULTY, STAFF AND INSTRUCTIONAL DEPARTMENTS OF SANDBURG MAY SUBMIT APPLICATIONS.

Program 3
Expenses: $82,521 Revenue: $0

CONTRIBUTIONS TO COLLEGE PROGRAMS - TO HELP ENHANCE THE COLLEGE'S EFFORTS TO BENEFIT COMMUNITIES OF THE COLLEGE DISTRICT.

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Trantor Score

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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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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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