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Kishwaukee College Foundation

EIN 23-7433949 · Malta, IL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO HELP SHAPE THE FUTURE AND ENHANCE THE CONTINUOUS DEVELOPMENT OF KISHWAUKEE COLLEGE BY PROVIDING STUDENT SCHOLARSHIPS, INSTRUCTIONAL ENHANCEMENTS, AND FACILITY IMPROVEMENTS.

Income
$1.5 million
Spending
$1.2 million
Spent on programs
69%
Reserves
11.9 months of spending
Largest source of income
investment income, 51%
Employees
4
Volunteers
50
Highest pay
$338,334, director/college president

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100.

  • Reserves

    28 of 35

    Spendable reserves would cover 11.9 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 19% of income.

  • Income trend

    15 of 15

    Income rose 14% on the year before.

  • Spending floor

    15 of 15

    69% of spending went to programs and raising each dollar of donations cost 10 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100.

  • Independent board

    25 of 25

    14 of 15 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $422,068 spent. SCHOLARSHIPS: THE KISHWAUKEE COLLEGE FOUNDATION HELPS MAKE A QUALITY EDUCATION AVAILABLE TO ALL STUDENTS THROUGH THE ANNUAL SCHOLARSHIP PROGRAM. THIS YEAR $422,068 WAS AWARDED THROUGH 85 DIFFERENT SCHOLARSHIPS. THE FOUNDATION AWARDED THESE DOLLARS TO 368 STUDENTS WHO CONTINUE TO EXCEL AND BECOME VITAL PARTNERS WITHIN OUR COMMUNITY.
  2. $412,533 spent. PROGRAM ENHANCEMENTS:THE KISHWAUKEE COLLEGE FOUNDATION BOLSTERS A QUALITY EDUCATION BY PROVIDING PROGRAM ENHANCEMENTS TO SEVERAL PROGRAMS EACH YEAR. BY MAKING $321,189 AVAILABLE, THE FOUNDATION WAS ABLE TO HELP PROVIDE EQUIPMENT AND MATERIALS TO PROGRAMS SUCH AS GED, MATH, SCIENCE, LIBRARY OPERATIONS, ATHLETICS AND MANY OTHERS, AS WELL AS CLASSES TO NON-PROFIT ORGANIZATIONS. THE FOUNDATION ALSO USED THESE DOLLARS TO ESTABLISH NEW OPPORTUNITIES FOR SEVERAL COLLEGE PROGRAMS BY AWARDING INNOVATION AWARDS TO MANY DIFFERENT AREAS WITHIN THE COLLEGE. STUDENT SERVICES, INSTRUCTIONAL DESIGN, ART, LEARNING SKILLS, AND INSTRUCTION PROGRAMS WERE ALL ABLE TO ENHANCE THEIR SERVICES. THESE FUNDS HELP OUR STAFF AND OUR FACULTY PROVIDE REAL OPPORTUNITY TO THE STUDENTS WE SERVE.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 1975.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.