Black Hawk College Foundation

Tax-deductible

Moline, IL501(c)(3)Since 1982EIN 36-3240562Revenue $829K in FY2024

On file with the IRSblackhawkcollegefoundation.org6600 34th Ave, 61265-5870 · Moline, ILTax-exempt since Aug 1983Publicly supported charity — 170(b)(1)(A)(vi)

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The primary purpose of the Foundation is to provide for and carry on such activities to allow the growth, expansion, and development of Black Hawk College, quad-cities campus and other quad-cities facilities.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 13 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $475K a year · 61% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
32 mo
of spending, in cash
Looks good: 31.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $43K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$28K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$829K
+214% vs prior year
Spent
$322K
To programs
78%
Net assets
$8.9M
By yearFY2020–FY2024
Revenue
$829K
FY2024▲ +214%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$675K
FY2022$741K
FY2023$757K
FY2024$264K
FY2024$829K
Expenses
$322K
FY2024-0.04%
Tap a bar for its year
Expenses by fiscal year
FY2020$300K
FY2021$319K
FY2022$294K
FY2023$279K
FY2024$322K
FY2024$322K
Net assets
$8.9M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.5M
FY2021$7.7M
FY2022$6.6M
FY2023$7.2M
FY2024$8.0M
FY2024$8.9M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1983.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $251K Management & general 10% · $34K Fundraising 12% · $38K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Black Hawk 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 Black Hawk College's growth, expansion, and development.

Provided by the organization

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1 program · $251K · in their own filed words · FY2024
01

The foundation awards scholarships to individuals attending black hawk college & funds to black hawk college for programs & capital expenses & emergency funds to individuals

$251Kprogram 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 · FY2024
See all 6 funders →
Grants paid · 18 grants · $1.2M · 2019–2024
Unitemized GrantFY2024$218,726
Black Hawk CollegeFY2024$18,552
Unitemized GrantFY2024$5,954
Unitemized GrantFY2023$183,354
Black Hawk CollegeFY2023$61,474
Unitemized GrantFY2023$6,025
Unitemized GrantFY2022$137,613
Black Hawk CollegeFY2022$58,587
Unitemized GrantFY2022$5,423
Unitemized GrantFY2021$143,524
Black Hawk CollegeFY2021$75,415
Unitemized GrantFY2021$6,020
Unitemized GrantFY2020$106,655
Black Hawk CollegeFY2020$47,870
Unitemized GrantFY2020$1,718
Unitemized GrantFY2019$112,445
Black Hawk CollegeFY2019$9,514
Unitemized GrantFY2019$3,570

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$829K
Ln 12
Gifts and grantsLn 1h$547K
Investment incomeLn 3$283K
Money outPt IX
$322K
Ln 25
Programscol B$251K
Managementcol C$34K
Fundraisingcol D$38K
Owns and owesPt X
$8.9M
net assets · Ln 32
Cash and savingsLn 1–2$849K
Total assetsLn 16$9.0M
LiabilitiesLn 26$28K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$547K
Noncash giftsLn 1g$20K
Fundraising eventsLn 1c$63K
Investment incomeLn 3$283K
Gains on assetsLn 7−$26K
Total revenueLn 12$829K
Assets in detailPt X, end of year
SavingsLn 2$849K
Cash and savings togetherLn 1–2$849K
InvestmentsLn 11–13$6.8M
Land, buildings, equipmentLn 10c$45K
Total assetsLn 16$9.0M
LiabilitiesLn 26$28K
Net assetsLn 32$8.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$659K$849K
InvestmentsLn 11–13$6.4M$6.8M
Land, buildings, equipmentLn 10c$45K$45K
Total assetsLn 16$8.0M$9.0M
LiabilitiesLn 26$32K$28K
Net assetsLn 32$8.0M$8.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$19K$19K
Grants to domestic individualsLn 2$225K$225K
Investment management feesLn 11f$33K$33K
Other fees for servicesLn 11g$7K$5K$2K
Office expensesLn 13$12K$189$12K
Conferences, conventions and meetingsLn 19$6K$670$6K
Other expenses (24a–d)Ln 24$21K$2K$212$18K
Total functional expensesLn 25$322K$251K$34K$38K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $264K$322K−$58K$8.0M 990 PDF
FY2023 $757K$279K$478K$7.2M 990 PDF
FY2022 $741K$294K$447K$6.6M 990 PDF
FY2021 $675K$319K$356K$7.7M 990 PDF
FY2020 $1.5M$300K$1.2M$6.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $829,393 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $232,973$547,447
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $31,026$283,209
I-11 Other revenuePrior year $370−$1,263
I-12 Total revenuePrior year $264,369$829,393
I-13 Grants and similar amounts paidPrior year $250,853$243,232
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $71,139$78,639
I-18 Total expensesPrior year $321,992$321,871
I-19 Revenue less expensesPrior year −$57,623$507,522
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $829,393 across 9 lines filed
VIII-1c Fundraising events$63,027
VIII-1f All other contributions, gifts and grants$484,420
VIII-1g Noncash contributions (included above)$19,950
VIII-1h Total contributions, gifts and grants$547,447
VIII-3 Investment incomeExcluded from tax $309,409$309,409
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$26,200−$26,200
VIII-8 Net income from fundraising eventsExcluded from tax −$2,263−$2,263
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,000$1,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $281,946$829,393
Part IX · Statement of functional expenses $321,871 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $18,552$18,552
IX-2 Grants to domestic individualsPrograms $224,680$224,680
IX-11f Investment management feesManagement $32,519$32,519
IX-11g Other fees for servicesPrograms $5,081 · Fundraising $1,856$6,937
IX-13 Office expensesManagement $189 · Fundraising $11,992$12,181
IX-19 Conferences, conventions and meetingsManagement $670 · Fundraising $5,723$6,393
IX-24 Other expenses (24a–d)Programs $2,364 · Management $212 · Fundraising $18,033$20,609
IX-25 Total functional expensesPrograms $250,677 · Management $33,590 · Fundraising $37,604$321,871
Part X · Balance sheet $8,969,944 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $659,113$848,715
X-3 Pledges and grants receivableStart of year $676,000$1,001,250
X-4 Accounts receivableStart of year $317,130$302,400
X-10c Land, buildings and equipment, netStart of year $45,000$45,000
X-11 Publicly traded securitiesStart of year $6,094,545$6,484,407
X-12 Other securitiesStart of year $256,495$288,172
X-16 Total assetsStart of year $8,048,283$8,969,944
X-17 Accounts payable and accrued expensesStart of year $16,540$15,640
X-25 Other liabilitiesStart of year $15,344$12,444
X-26 Total liabilitiesStart of year $31,884$28,084
X-27 Net assets without donor restrictionsStart of year $896,959$1,042,748
X-28 Net assets with donor restrictionsStart of year $7,119,440$7,899,112
X-32 Total net assets or fund balancesStart of year $8,016,399$8,941,860
X-33 Total liabilities and net assetsStart of year $8,048,283$8,969,944
Part XI · Reconciliation of net assets $8,941,860 net assets at year end
XI-1 Total revenue$829,393
XI-2 Total expenses$321,871
XI-3 Revenue less expenses$507,522
XI-4 Net assets at start of year$8,016,399
XI-5 Net unrealized gains (losses) on investments$386,262
XI-9 Other changes in net assets$31,677
XI-10 Net assets at end of year$8,941,860

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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