Spoon River College Foundation: FY2023 Nonprofit Profile & 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

59 cents of each dollar spent went to programs.

59%

23%

18%

Program services 59% · $225K Management & general 23% · $87K Fundraising 18% · $68K

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

Something off? Claim to add context

Who runs it and what they're paid

21 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Curt Oldfield

Src President (non-Voting)

$0Pt VII · Sec A

Lori Murphy

Senior Office Assistant (non-Voting)

$0Pt VII · Sec A

Denise Kirgan

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

$0Pt VII · Sec A

Sarah Gray

Fiscal Officer (non-Voting)

$0Pt VII · Sec A

Nicholas Tinsman

Chair

$0Pt VII · Sec A

Bruce Beal

Vice Chair

$0Pt VII · Sec A

Staci Mayall

Treasurer

$0Pt VII · Sec A

Brendon Bauman

Secretary

$0Pt VII · Sec A

See Spoon River College Foundation executive salaries →

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.

Questions for Spoon River College Foundation

Tap to ask. Spoon River College Foundation sees how many people are interested.

Your first name shows with your question. Spoon River College Foundation answers here, for everyone.

2 programs · $225K · in their own filed words · FY2022

01

217 recipients of 415 scholarships awarded

$140Kprogram expense

02

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

$85Kprogram 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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$779K

Ln 12

Gifts and grantsLn 1h$608K

Investment incomeLn 3$142K

Other incomeLn 4–11$29K

Money outPt IX

$380K

Ln 25

Programscol B$225K

Managementcol C$87K

Fundraisingcol D$68K

Owns and owesPt X

$6.1M

net assets · Ln 32

Cash and savingsLn 1–2$2.2M

Total assetsLn 16$6.3M

LiabilitiesLn 26$178K

PeoplePt VI, VII

21

listed · VII A

PaidVII A0

Voting boardVI 1a16

IndependentVI 1b16

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$608K

Fundraising eventsLn 1c$15K

Investment incomeLn 3$142K

Other incomeLn 4–11$29K

Gains on assetsLn 7$47K

Total revenueLn 12$779K

Assets in detailPt X, end of year

CashLn 1$471K

SavingsLn 2$1.7M

Cash and savings togetherLn 1–2$2.2M

Accounts receivableLn 4$11K

Land, buildings, equipmentLn 10c$40K

InvestmentsLn 11–13$3.2M

Other assetsLn 15$851K

Total assetsLn 16$6.3M

LiabilitiesLn 26$178K

Net assetsLn 32$6.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 617

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3More from this return

Investment feesPt IX, Sch D

Investment fees, as reportedPt IX 11f$25K

Share of the $4.4M endowmentSch D 1g0.56%

Typical, median of 1,806 orgs0.44%

EndowmentSch D · Pt V

Line	FY23	FY22	FY21	FY20	FY19
End of yearLn 1g	$4.4M	$4.0M	$3.8M	$2.9M	$2.8M
Given inLn 1b	$283K	$620K	$369K	$97K	$116K
SpentLn 1d–1f	$99K	$75K	$67K	$92K	$77K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$873K	$2.2M
InvestmentsLn 11–13	$3.9M	$3.2M
Land, buildings, equipmentLn 10c	$40K	$40K
Total assetsLn 16	$5.7M	$6.3M
LiabilitiesLn 26	$56K	$178K
Net assetsLn 32	$5.6M	$6.1M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$85K	$85K
Grants to domestic individualsLn 2	$140K	$140K
Accounting feesLn 11c	$9K		$9K
Professional fundraising feesLn 11e	$68K			$68K
Investment management feesLn 11f	$25K		$25K
Other fees for servicesLn 11g	$6K		$6K
Advertising and promotionLn 12	$5K		$5K
Office expensesLn 13	$8K		$8K
InsuranceLn 23	$2K		$2K
All other expensesLn 24e	$33K		$33K
Total functional expensesLn 25	$380K	$225K	$87K	$68K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Feb 24, 2026	$614K	$443K	$171K	$7.8M	990 PDF
FY2024Filed with the IRS Dec 9, 2024	$1.2M	$455K	$697K	$7.2M	990 PDF
FY2023 ViewingFiled with the IRS Apr 30, 2024	$779K	$380K	$399K	$6.1M	990 PDF
FY2022Filed with the IRS Feb 28, 2023	$1.1M	$346K	$778K	$5.6M	990 PDF
FY2021Filed with the IRS May 16, 2022	$880K	$298K	$582K	$5.6M	990 PDF
FY2020Filed with the IRS Mar 4, 2021	$499K	$238K	$261K	$4.5M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $778,957 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $881,854$607,998

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $252,919$141,544

I-11 Other revenuePrior year −$11,019$29,415

I-12 Total revenuePrior year $1,123,754$778,957

I-13 Grants and similar amounts paidPrior year $261,517$224,632

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

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$68,236

I-17 Other expensesPrior year $84,404$87,381

I-18 Total expensesPrior year $345,921$380,249

I-19 Revenue less expensesPrior year $777,833$398,708

Part VI · Governance 16 of 16 board members independent, 1 to look at

VI-1a Voting members of the governing body16

VI-1b Independent voting members16

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 $778,957 across 7 lines filed

VIII-1c Fundraising events$14,600

VIII-1f All other contributions, gifts and grants$593,398

VIII-1h Total contributions, gifts and grants$607,998

VIII-3 Investment incomeExcluded from tax $94,123$94,123

VIII-7 Net gain or loss on sales of assetsExcluded from tax $47,421$47,421

VIII-8 Net income from fundraising eventsExcluded from tax $29,415$29,415

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $170,959$778,957

Part IX · Statement of functional expenses $380,249 across 10 lines filed

IX-1 Grants to domestic organizationsPrograms $84,919$84,919

IX-2 Grants to domestic individualsPrograms $139,713$139,713

IX-11c Accounting feesManagement $9,034$9,034

IX-11e Professional fundraising feesFundraising $68,236$68,236

IX-11f Investment management feesManagement $24,634$24,634

IX-11g Other fees for servicesManagement $6,009$6,009

IX-12 Advertising and promotionManagement $4,574$4,574

IX-13 Office expensesManagement $7,949$7,949

IX-23 InsuranceManagement $1,932$1,932

IX-24e All other expensesManagement $33,249$33,249

IX-25 Total functional expensesPrograms $224,632 · Management $87,381 · Fundraising $68,236$380,249

Part X · Balance sheet $6,319,984 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $873,413$470,693

X-2 Savings and temporary cash investments$1,712,903

X-4 Accounts receivableStart of year $11,509$11,415

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

X-11 Publicly traded securitiesStart of year $3,910,643$3,233,982

X-15 Other assetsStart of year $821,951$850,991

X-16 Total assetsStart of year $5,657,516$6,319,984

X-17 Accounts payable and accrued expensesStart of year $55,934$177,670

X-26 Total liabilitiesStart of year $55,934$177,670

X-27 Net assets without donor restrictionsStart of year $239,203$279,305

X-28 Net assets with donor restrictionsStart of year $5,362,379$5,863,009

X-32 Total net assets or fund balancesStart of year $5,601,582$6,142,314

X-33 Total liabilities and net assetsStart of year $5,657,516$6,319,984

Part XI · Reconciliation of net assets $6,142,314 net assets at year end

XI-1 Total revenue$778,957

XI-2 Total expenses$380,249

XI-3 Revenue less expenses$398,708

XI-4 Net assets at start of year$5,601,582

XI-5 Net unrealized gains (losses) on investments$112,983

XI-6 Donated services and use of facilities$1

XI-9 Other changes in net assets$29,040

XI-10 Net assets at end of year$6,142,314

Form 990 e-file (XML) FY2023 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.

Spoon River College Foundation FY2023 filing

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

Questions for Spoon River College Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV