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Kishwaukee College Foundation

Tax-deductible

Malta, IL501(c)(3)EIN 23-7433949Revenue $1.5M in FY2025

On file with the IRSkish.edu21193 Malta Rd, 60150-9600 · Malta, ILTax-exempt since Oct 1975Publicly supported — 509(a)(2)

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To help shape the future and enhance the continuous development of Kishwaukee College.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Run by 50 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $360K a year · 24% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Fine: 0.9 months of spending in cash, plus $10.2M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $110K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$32K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+14% vs prior year
Spent
$1.2M
To programs
69%
Net assets
$10.2M
By yearFY2021–FY2025
Revenue
$1.5M
FY2025▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.3M
FY2022$1.4M
FY2023$1.9M
FY2024$1.3M
FY2025$1.5M
Expenses
$1.2M
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.1M
FY2022$1.1M
FY2023$1.1M
FY2024$1.1M
FY2025$1.2M
Net assets
$10.2M
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2021$9.8M
FY2022$8.4M
FY2023$8.9M
FY2024$9.7M
FY2025$10.2M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1975.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $835K Management & general 26% · $310K Fundraising 5% · $66K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Dr Laurie Borowicz
Director/College President
$0Pt VII · Sec A
Ms Rose Treml
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Ms Amy Oster
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kishwaukee College Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Kishwaukee College's future and ongoing development.

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Provided by the organization

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2 programs · $835K · in their own filed words · FY2024
01

Scholarships

The kishwaukee college foundation helps make a quality education available to all students through the annual scholarship program. This year $422,068 was awarded through 85 different scholarships. The foundation awarded these dollars to 368 students who continue to excel and become vital partners within our community.

$422Kprogram expense
02

Program Enhancements

The kishwaukee college foundation bolsters a quality education by providing program enhancements to several programs each year. By making $321,189 available, the foundation was able to help provide equipment and materials to programs such as ged, math, science, library operations, athletics and many others, as well as classes to…

$413Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Dekalb County Community FoundationFY2025$110K
Total grants receivedfrom 1 funder$110K
Grants paid · 10 grants · $3.5M · 2020–2024
Unitemized GrantFY2024$422,068
Kishwaukee CollegeFY2024$305,558
Unitemized GrantFY2023$370,064
Kishwaukee CollegeFY2023$353,415
Unitemized GrantFY2022$453,670
Kishwaukee CollegeFY2022$197,105
Unitemized GrantFY2021$470,874
Kishwaukee CollegeFY2021$223,772
Unitemized GrantFY2020$480,136
Kishwaukee CollegeFY2020$190,422

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.5M
Ln 12
Investment incomeLn 3$769K
Gifts and grantsLn 1h$655K
Other incomeLn 4–11$77K
Money outPt IX
$1.2M
Ln 25
Programscol B$835K
Managementcol C$310K
Fundraisingcol D$66K
Owns and owesPt X
$10.2M
net assets · Ln 32
Cash and savingsLn 1–2$92K
Total assetsLn 16$10.3M
LiabilitiesLn 26$32K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$655K
Noncash giftsLn 1g$28K
Fundraising eventsLn 1c$19K
Investment incomeLn 3$769K
Other incomeLn 4–11$77K
Gains on assetsLn 7$556K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$92K
Cash and savings togetherLn 1–2$92K
InvestmentsLn 11–13$10.2M
Total assetsLn 16$10.3M
LiabilitiesLn 26$32K
Net assetsLn 32$10.2M
OperationsPt I, VI
EmployeesI 54
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$47K$92K
InvestmentsLn 11–13$9.9M$10.2M
Total assetsLn 16$9.9M$10.3M
LiabilitiesLn 26$181K$32K
Net assetsLn 32$9.7M$10.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$321K$321K
Grants to domestic individualsLn 2$422K$422K
Other salaries and wagesLn 7$205K$91K$72K$41K
Other fees for servicesLn 11g$224K$224K
Other expenses (24a–d)Ln 24$39K$14K$25K
Total functional expensesLn 25$1.2M$835K$310K$66K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.5M$1.2M$290K$10.2M 990 PDF
FY2024 $1.3M$1.1M$169K$9.7M 990 PDF
FY2023 $1.9M$1.1M$787K$8.9M 990 PDF
FY2022 $1.4M$1.1M$302K$8.4M 990 PDF
FY2021 $1.3M$1.1M$252K$9.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,501,062 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $566,992$654,859
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $684,258$769,209
I-11 Other revenuePrior year $65,518$76,994
I-12 Total revenuePrior year $1,316,768$1,501,062
I-13 Grants and similar amounts paidPrior year $745,826$743,257
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $137,061$204,995
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $264,730$262,810
I-18 Total expensesPrior year $1,147,617$1,211,062
I-19 Revenue less expensesPrior year $169,151$290,000
Part VI · Governance 14 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members14
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,501,062 across 8 lines filed
VIII-1c Fundraising events$18,570
VIII-1f All other contributions, gifts and grants$636,289
VIII-1g Noncash contributions (included above)$28,477
VIII-1h Total contributions, gifts and grants$654,859
VIII-3 Investment incomeExcluded from tax $213,077$213,077
VIII-7 Net gain or loss on sales of assetsExcluded from tax $556,132$556,132
VIII-8 Net income from fundraising eventsExcluded from tax $76,994$76,994
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $846,203$1,501,062
Part IX · Statement of functional expenses $1,211,062 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $321,189$321,189
IX-2 Grants to domestic individualsPrograms $422,068$422,068
IX-7 Other salaries and wagesPrograms $91,344 · Management $72,475 · Fundraising $41,176$204,995
IX-11g Other fees for servicesManagement $224,046$224,046
IX-24 Other expenses (24a–d)Management $13,579 · Fundraising $25,185$38,764
IX-25 Total functional expensesPrograms $834,601 · Management $310,100 · Fundraising $66,361$1,211,062
Part X · Balance sheet $10,260,167 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $46,889$92,381
X-3 Pledges and grants receivableStart of year $479$0
X-9 Prepaid expenses and deferred chargesStart of year $16,614$365
X-11 Publicly traded securitiesStart of year $9,865,954$10,167,421
X-16 Total assetsStart of year $9,929,936$10,260,167
X-17 Accounts payable and accrued expensesStart of year $179,580$32,433
X-19 Deferred revenueStart of year $1,481$0
X-26 Total liabilitiesStart of year $181,061$32,433
X-27 Net assets without donor restrictionsStart of year $1,245,259$1,198,550
X-28 Net assets with donor restrictionsStart of year $8,503,616$9,029,184
X-32 Total net assets or fund balancesStart of year $9,748,875$10,227,734
X-33 Total liabilities and net assetsStart of year $9,929,936$10,260,167
Part XI · Reconciliation of net assets $10,227,734 net assets at year end
XI-1 Total revenue$1,501,062
XI-2 Total expenses$1,211,062
XI-3 Revenue less expenses$290,000
XI-4 Net assets at start of year$9,748,875
XI-5 Net unrealized gains (losses) on investments$184,166
XI-9 Other changes in net assets$4,693
XI-10 Net assets at end of year$10,227,734

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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