2023-11-14T11:58:49-06:00 2023-06-30 FORVIS LLP 225 N WATER ST SUITE 400 DECATUR IL 62523 990 2022-07-01 237025130 Parkland College Foundation % NIKI OLMO PARK 2173512458 2400 West Bradley Avenue Champaign IL 61821 Tracy Wahlfeldt Executive Director 2173733789 2023-11-14 true Tracy Wahlfeldt 999009999 DEBORAH WATTS P01559216 2174292411 2023-11-14 2 2022 2023-04-26 12:10:37Z Tracy Wahlfeldt 2400 West Bradley Avenue Champaign IL 61821 2880100 false X N/A X 1969 IL THE PARKLAND COLLEGE FOUNDATION GENERATED FUNDS TO AWARD SCHOLARSHIPS, FINANCE ECONOMIC DEVELOPMENT PROGRAMS, AND CONTRIBUTE TO THE OVERALL QUALITY OF LIFE IN EAST CENTRAL ILLINOIS 18 18 0 20 0 1708147 2208392 0 0 266302 311320 -18610 166678 1955839 2686390 1128211 998549 0 0 255161 212847 0 0 161522 59817 80556 1443189 1291952 512650 1394438 14374587 16696467 79308 57997 14295279 16638470 THE PARKLAND COLLEGE FOUNDATION GENERATED FUNDS TO AWARD SCHOLARSHIPS, FINANCE ECONOMIC DEVELOPMENT PROGRAMS, AND CONTRIBUTE TO THE OVERALL QUALITY OF LIFE IN EAST CENTRAL ILLINOIS. false false 1012892 1348549 SCHOLARSHIPS FOR PARKLAND COLLEGE STUDENTS AND TO SUPPORT THE EDUCATION MISSION OF PARKLAND COLLEGE. 1012892 true true false false false false false false false true true false false false true false true false false false false false false false true false false true true true false false false false false false false false true false false false false false false false false true 0 0 0 false false false false false false false false false true false false false X 18 18 false false false false true true false true true false false true true true true true true true false false IL X NIKI OLMO 2173512513 2400 WEST BRADLEY AVENUE Champaign IL 61821 TRACY WAHLFELDT EXECUTIVE DIRECTOR 40.0 0.0 X X 155476 0 27033 DAN MARKER PRESIDENT 1.0 0.0 X X 0 0 0 RON BENSYL VICE PRESIDENT 1.0 0.0 X X 0 0 0 KELLY HUNT TREASURER 1.0 0.0 X X 0 0 0 DIANE MICHAELS SECRETARY 1.0 0.0 X X 0 0 0 GREG ALLEN DIRECTOR 1.0 0.0 X 0 0 0 SHARON ALLEN DIRECTOR 1.0 0.0 X 0 0 0 DAMIEN BANKS DIRECTOR 1.0 0.0 X 0 0 0 CARTER BILLINGSLEY DIRECTOR 1.0 0.0 X 0 0 0 TOMMY BLACK DIRECTOR 1.0 0.0 X 0 0 0 MIKE BLEICH DIRECTOR 1.0 0.0 X 0 0 0 JOSEPH CHAMLEY DIRECTOR 1.0 0.0 X 0 0 0 KEVIN FEENEY DIRECTOR 1.0 0.0 X 0 0 0 PATRICIA JOHNSON DIRECTOR 1.0 0.0 X 0 0 0 MATT KELLY DIRECTOR 1.0 0.0 X 0 0 0 ELISE RIEHLE DIRECTOR 1.0 0.0 X 0 0 0 ERIC SARFF DIRECTOR 1.0 0.0 X 0 0 0 JULIE SHAPLAND DIRECTOR 1.0 0.0 X 0 0 0 JAMES VOYLES DIRECTOR 1.0 0.0 X 0 0 0 155476 0 27033 1 false true false 0 2208392 2208392 0 324295 324295 0 0 0 0 0 140813 153788 -12975 -12975 206600 39922 166678 0 0 0 0 0 0 0 2686390 324295 410509 410509 588040 588040 0 0 155476 77738 77738 0 10761 2690 2690 5381 0 46610 11653 11652 23305 0 0 0 0 0 0 13462 13462 0 0 0 0 0 0 4579 4579 0 26351 26351 0 0 0 0 CONTRACTUAL SERVICES 11996 11996 MATERIALS & SUPPLIES 24068 24068 FUNDRAISING EXPENSES 100 100 1291952 1012892 117538 161522 816738 1546507 0 0 277536 22000 0 0 0 0 0 0 0 0 0 0 0 0 48317 48317 13262813 14860043 0 0 0 0 0 0 17500 267917 14374587 16696467 55325 36013 0 0 0 0 0 0 0 0 0 0 0 0 0 0 23983 21984 79308 57997 X 208567 323231 14086712 16315239 14295279 16638470 14374587 16696467 1394438 948753 X false true X true false X 2103427 1446083 3232412 1708148 2913368 11403438 0 0 2103427 1446083 3232412 1708148 2913368 11403438 3532507 7870931 212437 195805 204855 228462 324295 1165854 0 0 12569292 0.62620 0.70340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13205910 351401 1259291 13462 14803140 13356331 1759288 -1895932 13778 13205909 9358258 2030488 1978475 10890 13356331 8969931 110375 286647 8695 9358258 7843008 664028 470535 7640 8969931 0.05000 0.40000 0.55000 false false 48317 48317 0 0 0 ACCRUED VACATION PAYABLE 21984 21984 4159980 948753 148377 389922 1487052 2672928 13462 13462 2686390 1816789 148377 389922 538299 1278490 13462 13462 1291952 PART V, LINE 4 ENDOWMENT FUNDS WILL BE USED PRIMARILY TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING PARKLAND COLLEGE. PART XI LINE 2D SPECIAL EVENT EXPENSE $39,922 ANNUAL LEASE VALUE OF AGRICULTURAL EQUIPMENT $350,000 TOTAL $389,922 PART XII LINE 2D SPECIAL EVENT EXPENSE $39,922 ANNUAL LEASE VALUE OF AGRICULTURAL EQUIPMENT $350,000 TOTAL $389,922 CREATING IMPACT 127150 127150 18199 BANQUET 54250 54250 13252 2 25200 25200 8472 206600 206600 39923 39923 166677 true PARKLAND COLLEGE 2400 WEST BRADLEY AVENUE CHAMPAIGN IL 61821 370892090 501(c)(3) 370569 440895 FMV AGRICULTURAL EQUIP. TO FURTHER THE MISSION AND PURPOSE OF PARKLAND COLLEGE SCHOLARSHIPS 528 553622 Schedule I, Part I, line 2 Students apply for scholarships via an application process. The applications are matched to available scholarships based on the criteria established by the donors. Applicants are reviewed and scored based on several factors and are then awarded. Funds for institutional needs follow a process that includes review and approval by the functional area Dean, functional area Vice-President and the Executive Director of the Foundation. Actual expenses are reviewed and approved by the Executive Director of the Foundation. X X false false false false false false false false false TRACY WAHLFELDT EXECUTIVE DIRECTOR 155476 0 0 0 0 27033 0 182509 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR'S SALARY IS APPROVED BY THE FOUNDATION BOARD AND BOARD OF TRUSTEES OF PARKLAND COLLEGE. The Executive Director's compensation is determined by Parkland College's salary grade/range system. Annual increases are based on what other unions with the college negotiate. X 5 62504 FAIR MARKET VALUE X AGRICULTURAL EQUIPMENT 1 20000 FAIR MARKET VALUE X DIAGNOSIS KIT 1 4500 FAIR MARKET VALUE X SUPPLIES 6 1991 FAIR MARKET VALUE X PPE ETC 1 2000 FAIR MARKET VALUE false true false FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE FOUNDATION BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. THE BOARD WILL BE ASKED TO REVIEW AND TO CONTACT THE FOUNDATION WITH ANY QUESTIONS OR CONCERNS WITHIN SEVEN WORKING DAYS. THE TREAUSRER AND THE FOUNDATION EXECUTIVE DIRECTOR ALSO REVIEW THE FORM 990 PRIOR TO SIGNING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES THAT ALL EMPLOYEES DISCLOSE ALL CONFLICTS OF INTEREST AND SIGN AN AGREEMENT ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORMS 1023 AND 990 AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION A LINE 6 & 7 Parkland College meets the definition of member under IRS guidance as they can appoint two board members. FORM 990, PART VI Section B, Line 15a The board of directors approves annual compensation. The Executive Director's compensation is determined by Parkland College's salary grade/range system. Annual increases are based on what other unions with the college negotiate. FORM 990, PART VII All salaries are paid by Parkland College. Parkland College provided donated services to the Foundation consisting of salaries, benefits, utilities, and materials.