2025-05-13T10:01:17-05:00 2024-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-07-01 421178729 Northeast Iowa Community College Foundation Inc NORT 5635623263 8342 NICC Drive Peosta IA 52068 Julie Huiskamp President 5635623263 2025-05-08 1 1 Mayumi Stella P00970938 6122536500 2025-05-08 2023 2025-03-06 01:10:19Z Julie Huiskamp 8342 NICC Drive Peosta IA 52068 1986038 0 X www.nicc.edu/foundation/ X 1981 IA Support Northeast Iowa Community College through scholarships, services, and enhanced programming. 21 21 0 26 0 0 1399521 1239168 0 0 494866 736787 -8513 -12423 1885874 1963532 1127820 1257805 0 0 0 0 0 0 4638 39709 177528 1167529 1435333 718345 528199 6159545 6698235 4145 14636 6155400 6683599 X The Northeast Iowa Community College Foundation is a trusted philanthropic partner creating opportunities for donors and communities to impact learner success. 0 0 1335013 1257805 The Northeast Iowa Community College Foundation matches donors' passion and investment with student needs through scholarships, services, and enhanced programming. All gifts make profound impacts on student's lives.Fund for Excellence: Unrestricted contributions directed to the area(s) in greatest need for student support.Student Scholarships: The College believes the cost of an education should not be a barrier in the student's pursuit of a brighter future for themselves and their families. Scholarship funds may be used to create an annual or endowed scholarship. Continued on Schedule O.Kathryn J. Davis Student Crisis Fund: Kathy Davis had a passion for helping students succeed. This fund was created in her honor to assist current students who are experiencing a financial emergency to continue their education and assisting them through their personal crisis.Student Support Fund: Assists students by providing financial support for textbooks, supplies, tuition/fees, laptops, internet access/hotspots, food, interview clothing, professional development courses, medical expenses, rent, utilities and other needs. 1335013 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Renae Parker 8426422338 1625 HWY 150 S Calmar IA 52132 X X Kaitlyn White President 0.25 X X 0 0 0 Alex Fernandez Vice President 0.25 X X 0 0 0 Sarah Hasken 2nd Vice President 0.25 X X 0 0 0 Adam Reisch Treasurer 0.25 X X 0 0 0 Kristina Johnson Secretary 0.25 X X 0 0 0 Juliana Huiskamp Past President 0.25 X X 0 0 0 Matt Dietzenbach Director 0.25 X 0 0 0 Charles Frana Director 0.25 X 0 0 0 Stephanie Fromm Director 0.25 X 0 0 0 Keith Garms Director 0.25 X 0 0 0 Kelli Gosch Director 0.25 X 0 0 0 Carla Hughes Director 0.25 X 0 0 0 Dave Kratz Director 0.25 X 0 0 0 Gary McAndrew Board of Trustee Liason 0.25 X 0 0 0 Danielle Shea Director 0.25 X 0 0 0 Christopher O'Donohoe Director 0.25 X 0 0 0 Anderson Sainci Director 0.25 X 0 0 0 Brian Schatz Director 0.25 X 0 0 0 Wes Schulte Director 0.25 X 0 0 0 Walter Webster Director 0.25 X 0 0 0 Jerem White Director 0.25 X 0 0 0 0 0 0 0 0 0 0 0 25013 1214155 81846 1239168 736787 736787 8649 25013 22506 -13857 -13857 1434 0 1434 1434 1963532 0 0 724364 892722 892722 365083 365083 52982 52982 31538 31538 1089 1089 6542 6182 360 Support funds 77208 77208 8169 4980 3189 1435333 1335013 95682 4638 501681 498164 764554 609370 4893310 5590701 6159545 6698235 4145 14636 4145 14636 X 1332965 1120109 4822435 5563490 6155400 6683599 6159545 6698235 528199 0 X 0 1 X 1 0 X 1072286 1064237 1936582 1399521 1239168 6711794 1072286 1064237 1936582 1399521 1239168 6711794 6711794 114236 129367 224158 494866 736787 1699414 8411208 0.79800 0.86470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4903510 435164 552808 192050 5699432 3992256 683604 460125 232475 4903510 6328592 419685 -850730 244252 1641386 19653 3992256 4932239 1350138 1601436 118115 1419973 17133 6328592 4625696 1225185 647613 226444 1318486 21325 4932239 0.07234 0.92766 0.00000 0 0 0 X 2227761 273261 273261 1954500 31538 -22506 9032 1963532 1699562 273261 22506 295767 1403795 31538 31538 1435333 Part V, Line 4: The College Foundation's endowment consists of approximately 70 individual funds established by donors to provide annual funding for scholarships to Northeast Iowa Community College students, specific activities and general operations of the College. Part X, Line 2: Northeast Iowa Community College Foundation is a nonprofit corporation qualifying for exempt status under Section 501(c)(3) of the Internal Revenue Code and is not required to pay income tax. The College Foundation is required to file an annual informational return for organizations exempt from income tax. In addition, the College Foundation has been determined by the Internal Revenue Service not to be a "private foundation" within the meaning of Section 509(a) of the Code. Management of the College Foundation believes it has no material uncertain tax provisions and accordingly, it will not recognize any liability for unrecognized tax benefits. Part XI, Line 4b - Other Adjustments: Schedule G expenses included with revenues -22,506. Part XII, Line 2d - Other Adjustments: Schedule G expenses included with revenue 22,506. Golf Outing 33662 25013 8649 360 16488 5658 33662 25013 8649 360 16488 5658 22506 -13857 1 Northeast Iowa Community College PO Box 400 Calmar IA 52132 420924711 State of Iowa 892722 0 Operational expenses and scholarships 1 0 Educational scholarships 453 365083 Part I, Line 2: The exempt purpose of Northeast Iowa Community College Foundation is to raise money to support the students and buildings of Northeast Iowa Community College. The assistance provided supports this mission and due to the close working relationship of the organizations the funds are monitored and used for the purposes of which they were intended. Scholarship recipients are selected by the Foundation. Students submit a scholarship application. The applications are reviewed and scored blindly by a committee. Each application is reviewed by 2 individuals and their scores are averaged. Scholarship recipients are selected based on the highest-scoring applicant(s) who meets the award criteria for each scholarship. The Financial Aid Office of Northeast Iowa Community College provides regulatory awarding of the Foundation's scholarships. X John Deere 15 Liter Motor 1 73169 Cost of item X Fundraising Supplies 6 3848 Cost of item X Educational Supplies 4 3740 Cost of item X Supplies 1 1089 Cost of item 0 0 0 0 Part I, Column (b): The Organization is reporting a combination of number of contributions and number of items received in Part I, column (b). Form 990, Part VI, Section A, line 1a The Executive Committee includes the Foundation President, Immediate Past President, Vice President(s), Secretary/Treasurer, and the VP of Institutional Effectiveness and Advancement. The responsibilities include: 1. Representing and acting for the Board between meetings on matters of policy or procedure, such actions to be reported to the Board. 2. Receiving reports related to Foundation matters and reporting such information to the Board. 3. Acting as an advisory group on matters of policy and procedure and making recommendations on policy decisions to the Board. 4. Advising and counseling with the VP of Institutional Effectiveness and Advancement on problems and opportunities that may arise. 5. Overseeing the development of materials and presentations for Board orientation and ongoing education and make the Board aware of available programs or other resources which may provide educational opportunities. 6. Working with the Finance Committee to adopt a proposed budget and consider the revisions in the current budget. Ensuring that all policies are reviewed on an annual basis as required. Form 990, Part VI, Section A, line 2 Jerem White and Christopher O'Donohoe have a business relationship. Form 990, Part VI, Section A, line 7a All nominees for election to the Board of Directors shall be made by a majority vote of the Board of Directors of Northeast Iowa Community College. Newly elected Directors are elected from among the nominees. At least one member of the Board of Trustees of Northeast Iowa Community College shall be a member of the Board of Directors of Northeast Iowa Community College. Form 990, Part VI, Section B, line 11b The 990 was reviewed by the Audit Committee and Board of Directors of the Foundation prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The Foundation has a Conflict of Interest Policy completed each year by all Board members thus monitoring any potential conflicts. The Board President reviews the statements and follows up on any potential conflicts. Any actual or potential conflict of interest is disclosed to the other members of the Board and made a matter of record in the minutes when the subject of such interest becomes a matter of Board action. When a conflict arises, the Board member is not allowed to vote on the issue and may be excused from the meeting. Form 990, Part VI, Section C, line 19 The Organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part VII: The College Foundation's supporting services functions are performed by Northeast Iowa Community College as a fiscal agent. During the year ended June 30, 2024, the College employed staff to operate the College Foundation. The College also provided human resources services, internet and mailing services, office space and office equipment without charge. During the year ended June 30, 2024, these services totaled $273,261. The President and Treasurer provide all administrative and financial oversight. Northeast Iowa Community College PO Box 400 Calmar IA 52132 420924711 Education IA N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0