MORAINE VALLEY COMMUNITY COLLEGE FOUNDATION

EIN: 363191202 501(c)(3) Education

PALOS HILLS, IL

Total Revenue
$1,075,284
Total Expenses
$1,096,771
Total Assets
$6,804,141
Net Assets
$6,772,135
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
IL
Phone
7089745740
Tax Period
2024-07-01 to 2025-06-30

MORAINE VALLEY COMMUNITY COLLEGE FOUNDATION, founded in 1982, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Net assets of $6.8M represent 76 months of operating reserves.

Mission

TO PROMOTE AND FINANCIALLY SUPPORT MORAINE VALLEY COMMUNITY COLLEGE PROGRAMS AND PROVIDE SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO STUDENTS WHILE EXERCISING PRUDENT MANAGEMENT AND INVESTMENT OF DONOR FUNDS. CHARITABLE GIFTS RECEIVED ARE ADMINISTERED IN ACCORDANCE WITH THE DONORS INTENTION. FOUNDATION FUNDS ARE THEN DISBURSED TO APPROVED COLLEGE AND STUDENT PROGRAMS. THE FUNDING OF PROGRAM DISBURSEMENTS ARE CONDUCTED UNDER THE GOVERNANCE AND STEWARDSHIP OF THE BOARD OF DIRECTORS. OUR CORE ACTIVITIES INCLUDE: GOVERNANCE AND STEWARDSHIP - SELF GOVERNANCE AND SAFEGUARDING OF THE FOUNDATIONS ASSETS ARE ADMINSTERED IN ACCORDANCE WITH DONOR INTENTIONS AND PRUDENT INVESTMENT POLICY. CHARITABLE GIFTING SOLICITATION - FUNDRAISING THROUGH APPEALS, CAMPAIGNS, GRANTS AND SPECIAL EVENTS. COLLEGE AND STUDENT PROGRAM DISBURSEMENTS - REVIEW, SELECT AND APPROVE DISBURSEMENTS OF FUNDS TO THE COLLEGE AND STUDENT PROGRAMS NEEDING FINANCIAL SUPPORT.

Program Service Accomplishments

Program 1
Expenses: $100,000 Revenue: $0

FINE AND PERFORMING ARTS - THE FOUNDATION PROVIDES ON-GOING FINANCIAL SUPPORT FOR THE MORAINE VALLEY COMMUNITY COLLEGE FINE AND PERFORMING ARTS CENTER. THIS SUPPORT PLAYS A CRUCIAL ROLE IN PROGRAM...

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FINE AND PERFORMING ARTS - THE FOUNDATION PROVIDES ON-GOING FINANCIAL SUPPORT FOR THE MORAINE VALLEY COMMUNITY COLLEGE FINE AND PERFORMING ARTS CENTER. THIS SUPPORT PLAYS A CRUCIAL ROLE IN PROGRAM UNDERWRITING AND ON-GOING MAINTENANCE AT THE CENTER. THE ARTS CENTER IS A CENTRAL RESOURCE OF MORAINE VALLEY COMMUNITY COLLEGE WHICH HOSTS PERFORMANCES BY REGIONAL AND NATIONAL PROFESSIONAL COMPANIES IN DANCE, MUSIC, AND THEATER FOR CULTURAL AND ARTISTIC ENRICHMENT IN THE SOUTHWESTERN SUBURBS.

Program 2
Expenses: $436,903 Revenue: $0

SCHOLARSHIPS - THE FOUNDATION PROVIDES FUNDING AND ADMINISTERS VARIOUS ACADEMIC SCHOLARSHIP PROGRAMS FOR STUDENTS OF MORAINE VALLEY COMMUNITY COLLEGE. SCHOLARSHIPS ARE MERIT BASED AND NEED BASED, AND...

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SCHOLARSHIPS - THE FOUNDATION PROVIDES FUNDING AND ADMINISTERS VARIOUS ACADEMIC SCHOLARSHIP PROGRAMS FOR STUDENTS OF MORAINE VALLEY COMMUNITY COLLEGE. SCHOLARSHIPS ARE MERIT BASED AND NEED BASED, AND ARE OFFERED COLLEGE-WIDE OR DESIGNATED TO PROVIDE SUPPORT THROUGH A SPECIFIC PROGRAM OR DEPARTMENT.

Program 3
Expenses: $131,490 Revenue: $0

STUDENT EMERGENCY ASSISTANCE - THROUGH CONTRIBUTIONS OF VARIOUS INDIVIDUAL DONORS THE FOUNDATION HAS IMPLEMENTED AN EMERGENCY FINANCIAL ASSISTANCE PROGRAM FOR MORAINE VALLEY COMMUNITY COLLEGE...

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STUDENT EMERGENCY ASSISTANCE - THROUGH CONTRIBUTIONS OF VARIOUS INDIVIDUAL DONORS THE FOUNDATION HAS IMPLEMENTED AN EMERGENCY FINANCIAL ASSISTANCE PROGRAM FOR MORAINE VALLEY COMMUNITY COLLEGE STUDENTS WHO MIGHT OTHERWISE BE FORCED TO STOP OR DROP OUT OF SCHOOL. DONATIONS OF VARIOUS INDIVIDUALS ARE USED TO PAY THE EXPENSES OF MORAINE VALLEY COMMUNITY COLLEGE STUDENTS THAT ARE CONFRONTED WITH EXTRAORDINARY PERSONAL LIVING EXPENSES THAT IF NOT PAID ON AN IMMEDIATE BASIS WOULD LIKELY RESULT IN THAT STUDENT NOT BEING ABLE TO CONTINUE THEIR EDUCATION AT THE COLLEGE. FINANCIAL ASSISTANCE IS GRANTED TO STUDENTS ON A CASE BY CASE BASIS BY THE RECOMENDATION OF THE COLLEGE AFTER A REVIEW OF EACH STUDENTS CIRCUMSTANCES SURROUNDING THE REQUEST FOR ASSISTANCE.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $799,133
Program Service Revenue $0
Investment Income $305,175
Other Revenue $-29,024
TOTAL REVENUE $1,075,284

Expense Breakdown

Grants Paid $948,632
Salaries & Benefits $0
Fundraising Expenses $7,947
Program Expenses $956,746
Other Expenses $148,139
TOTAL EXPENSES $1,096,771

Year-over-Year Comparison

2024 2023 Change
Revenue $1,075,284 $1,265,735 -0.2%
Expenses $1,096,771 $806,325 +0.4%
Net Income $-21,487 $459,410 -1.0%
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
17
Independent Members
16
Employees
N/A
Volunteers
100

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
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HELEN LOBAS PRESIDENT 6.00
Officer Director
$0 $0 $0
SUSAN WADE VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
JACK DALEY TREASURER 4.00
Officer Director
$0 $0 $0
DR MARGARET LEHNER SECRETARY 4.00
Officer Director
$0 $0 $0
HOLLY A BARTECKI DIRECTOR 2.00
Director
$0 $0 $0
ADRIANA CARRASQUILLO DIRECTOR 2.00
Director
$0 $0 $0
INOCENCIO CASTRO JR DIRECTOR 2.00
Director
$0 $0 $0
DOMINICK DEMONICA DIRECTOR 2.00
Director
$0 $0 $0
JOHN DOBBYNS DIRECTOR 2.00
Director
$0 $0 $0
CRISTY GALLEGOS DIRECTOR 2.00
Director
$0 $0 $0
PAMELA HANEY DIRECTOR 2.00
Director
$0 $0 $0
SYLVIA M JENKINS DIRECTOR 2.00
Director
$0 $0 $0
ROBERT G KELLY DIRECTOR 2.00
Director
$0 $0 $0
OMAR M NAJIB DIRECTOR 2.00
Director
$0 $0 $0
BRUCE G NAWARA DIRECTOR 2.00
Director
$0 $0 $0
DENNIS M SHANNON DIRECTOR 2.00
Director
$0 $0 $0
SANDRA WAGNER DIRECTOR 2.00
Director
$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 $1,075,284 $1,096,771 $6,804,141 $-21,487
2024 $1,265,735 $806,325 $6,548,355 $459,410
2023 $804,175 $707,399 $6,017,527 $96,776
2022 $686,670 $650,005 $5,491,505 $36,665
2021 $899,932 $701,930 $6,208,271 $198,002
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