Hawkeye Community College Foundation in Waterloo, Iowa (IA)

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Hawkeye Community College Foundation
Employer Identification Number (EIN)426123782
Name of OrganizationHawkeye Community College Foundation
AddressPO BOX 8015, Waterloo, IA 50704-8015
ActivitiesScholarships (other)
SubsectionCharitable Organization, Educational Organization, Scientific Organization
Ruling Date10/1968
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$6,901,065
Amount of Income$2,272,319
Form 990 Revenue Amount$1,129,420
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Community or Junior Colleges


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Amount of income in 2014: $2,272,319 (it was $1,119,088 in 2013)
This organization: 

 $2,272,319
Other organizations performing similar types of work: 

 $1,575,754

Assets in 2014: $6,901,065 (it was $5,864,356 in 2013)
This organization: 

 $6,901,065
Other organizations performing similar types of work: 

 $5,372,399

Expenses in 2014: $596,545
This organization: 

 $596,545
Other organizations performing similar types of work: 

 $676,136

Income to expenses ratio in 2014: 3.8
This organization: 

 3.8
Other organizations performing similar types of work: 

 2.3

Grants share in income in 2014: 74.4%
Hawkeye Community College Foundation: 

 74.4%
Other organizations performing similar types of work: 

 51.2%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNoYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoYes
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?NoNoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?YesNoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?YesYesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
201220132014
The number reported in Box 3 of Form 1096000
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return000
Did the organization file all required federal employment tax returns?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$0$0$0
Total reportable compensation from related organizations$110,576$157,349$56,972
Total estimated amount of other compensation from the organization and related organizations$28,982$50,435$22,778
Total number of individuals who received more than $100,000 of reportable compensation from the organization000
Total number of independent contractors who received more than $100,000 of compensation from the organization000
Statement of Revenue
201220132014
Total revenue$910,052$822,804$1,129,420
Contributions, Gifts, Grants and Other Similar Amounts$747,190$572,544$840,502
Program Service Revenue$8,423$9,025$6,191
900004$8,423$9,025$6,191
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$90,513$80,737$80,927
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$16,481$19,725$19,800
Gross rents (Real / Personal)$18,563 / $0$19,800 / $0$19,800 / $0
Less: rental expenses (Real / Personal)$2,082 / $0$75 / $0$0 / $0
Rental income or (loss) (Real / Personal)$16,481 / $0$19,725 / $0$19,800 / $0
Net gain/loss from sales of assets other than inventory$-811$78,219$130,666
Gross amount from sales of assets other than inventory (Securities / Other)$336,078 / $18,414$341,868 / $32,560$1,227,383 / $46,182
Less: cost or other basis and sales expenses (Securities / Other)$355,303 / $0$296,209 / $0$1,142,899 / $0
Gain or (loss) (Securities / Other)$-19,225 / $18,414$45,659 / $32,560$84,484 / $46,182
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$48,256$62,554$51,334
900004$37,247$50,741$42,676
900004$11,009$11,813$8,658
All other revenue$0$0$0
Statement of Functional Expenses
201220132014
Total functional expenses$574,431$453,059$596,545
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$192,392$208,727$233,054
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$0$0$0
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$0$0$0
Pension plan accruals and contributions$0$0$0
Other employee benefits$0$0$0
Payroll taxes$0$0$0
Fees for services (non-employees)
Management$0$0$0
Legal$0$0$300
Accounting$8,025$7,850$9,050
Lobbying$0$0$0
Professional fundraising services$0$0$0
Investment management fees$0$0$0
Other$0$0$0
Advertising and promotion$25$35$620
Office expenses$5,422$3,392$2,649
Information technology$3,226$3,190$5,000
Royalties$0$0$0
Occupancy$0$0$0
Travel$17,650$10,649$11,898
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$0$0$0
Interest$0$0$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$0$0$0
Insurance$0$0$0
Other expenses$207,057$103,582$158,879
Other expenses$76,063$47,194$104,802
Other expenses$47,437$38,547$51,101
Other expenses$17,134$29,893$19,192
Balance Sheet
201220132014
Total assets$5,261,397$5,864,356$6,901,065
Cash - non-interest-bearing$402,487$312,619$217,592
Savings and temporary cash investments$0$0$0
Pledges and grants receivable, net$22,952$23,404$23,498
Accounts receivable, net$9,611$9,949$60,767
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$52,625$51,516$41,346
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Land, buildings, and equipment: cost or other basis$375,841$375,841$375,841
Investments - publicly traded securities$0$0$0
Investments - other securities$4,376,821$5,068,545$6,158,121
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$21,060$22,482$23,900
Total liabilities$2,047$3,199$47,687
Accounts payable and accrued expenses$2,047$3,199$47,687
Grants payable$0$0$0
Deferred revenue$0$0$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0$0
Total net assets or fund balances$5,259,350$5,861,157$6,853,378
Unrestricted net assets$1,461,190$1,361,502$1,978,227
Temporarily restricted net assets$1,902,750$2,472,229$2,823,619
Permanently restricted net assets$1,895,410$2,027,426$2,051,532
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$3,130,993
Subtotal Support$3,130,993
Gifts, grants, contributions, and membership fees received$3,130,993
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$3,769,297
Public Support$3,130,993
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$487,947
Net income from unrelated business activities, whether or not the business is regularly carried on$164
Other income. Do not include gain or loss from the sale of capital assets$150,193
Gross receipts from related activities, etc.$57,525
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$720$0$720
Gross receipts or sales less returns and allowances$3,631$0$0
Cost of goods sold$29,111$0$0
Gross profit$720$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$720
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$720
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Muscatine Community College FoundationC/O Cecil Vandygriff 152 Colorado, Muscatine, IA 52761IA1963-10$250,958
2The Harrisburg Area Community College Foundation1 Hacc Dr, Harrisburg, PA 17110-2999PA1986-06$54,109,295
3Utah Valley University Foundation Inc800 W Discovery Pkwy Ste Ms111, Orem, UT 84058UT1982-08$16,642,274
4Santa Rosa Junior College Foundation1501 Mendocino Ave, Santa Rosa, CA 95401-4332CA1972-02$11,881,965
5Wake Technical Community College Foundation Inc9101 Fayetteville Rd, Raleigh, NC 27603-5655NC1968-12$9,074,340
6Indian Hills Community College Foundation525 Grandview Ave, Ottumwa, IA 52501-1359IA1976-02$8,587,010
7Westside Community Schools Foundation Inc909 S 76th St, Omaha, NE 68114-4519NE1977-01$5,212,848
8Wilkes Community College Endowment CorporationPO BOX 120, Wilkesboro, NC 28697-0120NC1973-12$5,002,795
9Kirkwood Community College FoundationPO BOX 2068, Cedar Rapids, IA 52406-2068IA1970-12$4,907,879
10South Seattle Community College Foundation6000 16th Avenue Sw Room Rsb-01, Seattle, WA 98106-1499WA1982-01$4,837,253
11Tulsa Community College Foundation6111 E Skelly Drive, Tulsa, OK 74135-6100OK1971-04$4,298,046
12Roane State Community College Foundation276 Patton Ln, Harriman, TN 37748-8615TN1981-01$3,974,701
13Endowment Fund Of Cottey Jr College Chptr Peo Sisterhood3700 Grand Ave, Des Moines, IA 50312-2806IA1960-08$2,307,148
14Hawkeye Community College FoundationPO BOX 8015, Waterloo, IA 50704-8015IA1968-10$2,272,319
15Marshalltown Community College Foundation3700 S Center St, Marshalltown, IA 50158-4760IA1966-08$1,691,949
16Kirkwood Community College Facilities FoundationPO BOX 2068, Cedar Rapids, IA 52406-2068IA1970-12$1,661,044
17Southeastern Community College FoundationPO BOX 180, W Burlington, IA 52655-0180IA1984-01$1,172,028
18Building Fund Of Cottey Jr College Intl Chptr Peo Sisterhood3700 Grand Ave, Des Moines, IA 50312-2806IA1960-03$731,863
19Indian Hills Community College Warrior Club IncHellyer Center 525 Grandview, Ottumwa, IA 52501IA1991-12$141,178
20Southwestern Community College Foundation1501 W Townline St, Creston, IA 50801-1042IA1977-02$3,549
Number of organizations performing similar types of work
Alabama4
Arkansas2
Arizona1
California14
Colorado2
Connecticut1
Florida2
Georgia2
Iowa11
Illinois9
Kansas10
Kentucky2
Louisiana1
Massachusetts4
Maryland9
Michigan11
Minnesota5
Missouri2
Mississippi3
North Carolina22
Nebraska4
New Jersey6
New Mexico1
Nevada1
New York29
Ohio1
Oklahoma3
Oregon4
Pennsylvania7
Rhode Island1
South Carolina1
Tennessee3
Texas5
Utah2
Virginia5
Washington10
Wisconsin1
Total201

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