Spoon River College Foundation: Nonprofit Profile, Financials & Form 990 (EIN 37-1068663)

Revenue by fiscal year
FY2020	$499K
FY2021	$880K
FY2022	$1.1M
FY2023	$779K
FY2024	$1.2M
FY2025	$614K

Expenses by fiscal year
FY2020	$238K
FY2021	$298K
FY2022	$346K
FY2023	$380K
FY2024	$455K
FY2025	$443K

Net assets by fiscal year
FY2020	$4.5M
FY2021	$5.6M
FY2022	$5.6M
FY2023	$6.1M
FY2024	$7.2M
FY2025	$7.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1979.

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

Where the money goes

67 cents of each dollar spent went to programs.

67%

17%

Program services 67% · $295K Management & general 17% · $73K Fundraising 17% · $74K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

23 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Curt Oldfield

Src President (non-Voting)

$0Pt VII · Sec A

Sarah Gray

Fiscal Officer (non-Voting)

$0Pt VII · Sec A

Amanda Ketcham

Associate Fiscal Officer (non-Voting)

$0Pt VII · Sec A

Bruce Beal

Ex-Officer, Immediate Past Chair (non-Voting)

$0Pt VII · Sec A

John Davis

Chair

$0Pt VII · Sec A

Nicholas Tinsman

Vice Chair

$0Pt VII · Sec A

Debbie Collins

Treasurer

$0Pt VII · Sec A

John Marshall

Secretary

$0Pt VII · Sec A

See Spoon River College Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Funds educational opportunities at Spoon River College for a successful future.

Provided by the organization

Know this organization? Claim it to add your story

2 programs · $295K · in their own filed words · FY2024

01

266 recipients of 490 scholarships awarded

$165Kprogram expense

02

Institutional support represents expenditures for equipment and expenses to help meet the institutional needs of spoon river college.

$130Kprogram 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

Long Gene and Marie Memorial TuaFY2024$14K

The Growmark FoundationFY2024$5K

Verizon FoundationFY2024$300

Total grants receivedfrom 3 funders$19K

See all 3 funders →

Grants paid · 12 grants · $1.5M · 2019–2024

Unitemized GrantFY2024$165,318

Spoon River CollegeFY2024$129,559

Unitemized GrantFY2023$183,899

Spoon River CollegeFY2023$130,340

Unitemized GrantFY2022$139,713

Spoon River CollegeFY2022$84,919

Spoon River CollegeFY2021$141,764

Unitemized GrantFY2021$119,753

Spoon River CollegeFY2020$117,814

Unitemized GrantFY2020$98,789

Spoon River CollegeFY2019$113,424

Unitemized GrantFY2019$100,939

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$614K

Ln 12

Gifts and grantsLn 1h$428K

Investment incomeLn 3$191K

Money outPt IX

$443K

Ln 25

Programscol B$295K

Managementcol C$73K

Fundraisingcol D$74K

Owns and owesPt X

$7.8M

net assets · Ln 32

Cash and savingsLn 1–2$2.6M

Total assetsLn 16$7.9M

LiabilitiesLn 26$90K

PeoplePt VI, VII

23

listed · VII A

PaidVII A0

Voting boardVI 1a17

IndependentVI 1b17

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$428K

Fundraising eventsLn 1c$16K

Investment incomeLn 3$191K

Gains on assetsLn 7$577

Total revenueLn 12$614K

Assets in detailPt X, end of year

CashLn 1$510K

SavingsLn 2$2.1M

Cash and savings togetherLn 1–2$2.6M

InvestmentsLn 11–13$4.0M

Land, buildings, equipmentLn 10c$40K

Other assetsLn 15$972K

Total assetsLn 16$7.9M

LiabilitiesLn 26$90K

Net assetsLn 32$7.8M

OperationsPt I, VI

EmployeesI 50

VolunteersI 617

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$2.4M	$2.6M
InvestmentsLn 11–13	$3.7M	$4.0M
Land, buildings, equipmentLn 10c	$40K	$40K
Total assetsLn 16	$7.4M	$7.9M
LiabilitiesLn 26	$199K	$90K
Net assetsLn 32	$7.2M	$7.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$130K	$130K
Grants to domestic individualsLn 2	$165K	$165K
Accounting feesLn 11c	$20K		$20K
Professional fundraising feesLn 11e	$66K			$66K
Investment management feesLn 11f	$30K		$30K
Advertising and promotionLn 12	$5K		$5K
Office expensesLn 13	$7K		$7K
TravelLn 17	$19		$19
Conferences, conventions and meetingsLn 19	$1K		$1K
All other expensesLn 24e	$19K		$11K	$8K
Total functional expensesLn 25	$443K	$295K	$73K	$74K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$614K	$443K	$171K	$7.8M	990 PDF
FY2024	$1.2M	$455K	$697K	$7.2M	990 PDF
FY2023	$779K	$380K	$399K	$6.1M	990 PDF
FY2022	$1.1M	$346K	$778K	$5.6M	990 PDF
FY2021	$880K	$298K	$582K	$5.6M	990 PDF
FY2020	$499K	$238K	$261K	$4.5M	990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2025 990 (6 parts)

Part I · Summary $613,570 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $902,819$428,357

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $227,215$190,643

I-11 Other revenuePrior year $22,127−$5,430

I-12 Total revenuePrior year $1,152,161$613,570

I-13 Grants and similar amounts paidPrior year $314,239$294,877

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $58,796$66,342

I-17 Other expensesPrior year $82,064$81,406

I-18 Total expensesPrior year $455,099$442,625

I-19 Revenue less expensesPrior year $697,062$170,945

Part VI · Governance 17 of 17 board members independent, 1 to look at

VI-1a Voting members of the governing body17

VI-1b Independent voting members17

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 $613,570 across 7 lines filed

VIII-1c Fundraising events$15,790

VIII-1f All other contributions, gifts and grants$412,567

VIII-1h Total contributions, gifts and grants$428,357

VIII-3 Investment incomeExcluded from tax $190,066$190,066

VIII-7 Net gain or loss on sales of assetsExcluded from tax $577$577

VIII-8 Net income from fundraising eventsExcluded from tax −$5,430−$5,430

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $185,213$613,570

Part IX · Statement of functional expenses $442,625 across 10 lines filed

IX-1 Grants to domestic organizationsPrograms $129,559$129,559

IX-2 Grants to domestic individualsPrograms $165,318$165,318

IX-11c Accounting feesManagement $19,677$19,677

IX-11e Professional fundraising feesFundraising $66,342$66,342

IX-11f Investment management feesManagement $29,622$29,622

IX-12 Advertising and promotionManagement $4,901$4,901

IX-13 Office expensesManagement $7,213$7,213

IX-17 TravelManagement $19$19

IX-19 Conferences, conventions and meetingsManagement $1,378$1,378

IX-24e All other expensesManagement $10,583 · Fundraising $8,013$18,596

IX-25 Total functional expensesPrograms $294,877 · Management $73,393 · Fundraising $74,355$442,625

Part X · Balance sheet $7,850,257 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $327,129$510,308

X-2 Savings and temporary cash investmentsStart of year $2,101,127$2,063,276

X-3 Pledges and grants receivableStart of year $296,186$296,186

X-10c Land, buildings and equipment, netStart of year $40,000$40,000

X-11 Publicly traded securitiesStart of year $3,676,739$3,968,775

X-15 Other assetsStart of year $912,798$971,712

X-16 Total assetsStart of year $7,353,979$7,850,257

X-17 Accounts payable and accrued expensesStart of year $199,031$90,182

X-26 Total liabilitiesStart of year $199,031$90,182

X-27 Net assets without donor restrictionsStart of year $266,323$239,775

X-28 Net assets with donor restrictionsStart of year $6,888,625$7,520,300

X-32 Total net assets or fund balancesStart of year $7,154,948$7,760,075

X-33 Total liabilities and net assetsStart of year $7,353,979$7,850,257

Part XI · Reconciliation of net assets $7,760,075 net assets at year end

XI-1 Total revenue$613,570

XI-2 Total expenses$442,625

XI-3 Revenue less expenses$170,945

XI-4 Net assets at start of year$7,154,948

XI-5 Net unrealized gains (losses) on investments$265,935

XI-8 Prior period adjustments$109,334

XI-9 Other changes in net assets$58,913

XI-10 Net assets at end of year$7,760,075

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

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Spoon River College Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV