2024-11-06T10:54:48-06:00 2024-06-30 420794029 DENMAN CPA LLP 1601 22ND STREET SUITE 400 WEST DES MOINES IA 502661453 990 2023-07-01 237050293 KIRKWOOD FACILITIES FOUNDATION KIRK 3193985682 6301 KIRKWOOD BLVD SW CEDAR RAPIDS IA 52404 KRISTIE FISHER EXECUTIVE DIRECTOR 3193985682 2024-11-06 1 0 JEFFEREY ROY P01951847 5152258400 2023 2024-10-15 13:58:12Z KRISTIE FISHER 6301 KIRKWOOD BLVD SW CEDAR RAPIDS IA 52404 0 0 X N/A X 1969 IA MAINTAIN, DEVELOP, & EXTEND ITS FACILITIES & SERVICES FOR THE BENEFIT OF KIRKWOOD COMMUNITY COLLEGE. 3 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2941 2941 0 0 2941 2941 OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PUPOSES TO PROVIDE BROADER EDUCATIONAL SERVICE OPPORTUNITIES TO KIRKWOOD COMMUNITY COLLEGE'S (KCC) STUDENTS, STAFF, FACULTY AND RESIDENTS OF THE GEOGRAPHICAL AREA IT SERVICES. 0 0 TO MAINTAIN, DEVELOP AND EXTEND FACILITIES AND SERVICES FOR THE BENEFIT OF KCC. 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X PEG SPRENGELER 3193985500 6301 KIRKWOOD BLVD SW 309 KIRKWOOD CEDAR RAPIDS IA 52404 X ELAINE HARRINGTON PRESIDENT & DIRECTOR 0.50 X X 0 0 0 GENE WEHRHEIM VICE PRESIDENT & DIRECTOR 0.50 X X 0 0 0 NORM HUMBLE TREASURER & DIRECTOR 0.50 X X 0 0 0 PEG SPRENGELER SECRETARY 1.00 40.00 X 46651 0 7263 KRISTIE FISHER EXECUTIVE DIRECTOR 0.50 40.00 X 59763 0 1872 106414 0 9135 0 0 0 0 0 0 0 0 0 0 0 0 0 2941 2941 32149 32149 0 0 2941 2941 0 0 X 2941 2941 2941 2941 2941 2941 0 0 X X 1 0 0 0 X X 1 KIRKWOOD COMMUNITY COLLEGE 420924685 2 1 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART IV, SECTION A, LINE 2 KCC QUALIFIES UNDER SEC. 509(A)(1) AS A SEC. 170(B)(1)(A)(II) EDUCATIONAL ORGANIZATION WHICH NORMALLY MAINTAINS A REGULAR FACULTY AND CURRICULUM AND NORMALLY HAS A REGULARLY ENROLLED BODY OF PUPILS OR STUDENTS IN ATTENDANCE AT THE PLACE WHERE ITS EDUCATIONAL ACTIVITIES ARE REGULARLY CARRIED ON. KCC DOES NOT HAVE AN IRS DETERMINATION LETTER OF ITS STATUS AS IT IS A GOVERNMENTAL UNIT UNDER THE IOWA DEPARTMENT OF EDUCATION. 32149 32149 0 0 X PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) FOR AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAX AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE TAX RETURNS FOR YEARS PRIOR TO 2021 ARE NO LONGER OPEN TO EXAMINATION BY TAX AUTHORITIES. 0 0 0 0 0 0 0 0 0 PART I, LINE 3: KFF DOES NOT HAVE ANY COMPENSATED EMPLOYEES. THE INDIVIDUAL LISTED ON SCHEDULE J, PART II IS COMPENSATED BY KCC, A RELATED PARTY. KCC USED A COMPENSATION COMMITTEE, INDEPENDENT CONSULTANT, COMPENSATION SURVEY/STUDY AS WELL AS REQUIRED APPROVAL BY A COMPENSATION COMMITTEE WHEN DETERMINING THE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE ALL OF THE POWERS OF THE BOARD OF DIRECTORS. WRITTEN REPORTS OF THE ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE SUBMITTED TO THE BOARD OF DIRECTORS AT THE NEXT MEETING FOLLOWING THE ACTIONS OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE PRESIDENT, VICE PRESIDENT, SECRETARY/TREASURER, AND TWO MEMBERS OF THE BOARD OF DIRECTORS AS ELECTED BY THE BOARD AT ITS ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7A ALL NOMINEES FOR ELECTION TO THE GOVERNING BODY OF KFF SHALL BE MADE BY MAJORITY VOTE OF THE BOARD OF DIRECTORS OF KCC. IN ADDITION THE NUMBER OF DIRECTORS THAT MAKE UP THE BOARD OF DIRECTORS OF KFF SHALL BE SET BY THE BOARD OF DIRECTORS OF KCC WITHIN THE RANGE ESTABLISHED IN KFF BYLAWS (THREE TO TWENTY-FIVE). FORM 990, PART VI, SECTION A, LINE 7B THE COLLEGE BOARD OF TRUSTEES OF KCC SHALL HAVE THE IRREVOCABLE POWER AND AUTHORITY BY MAJORITY VOTE AT ANY REGULAR OR CALLED MEETING OF SAID BOARD TO UNILATERALLY CAUSE THE DISSOLUTION OF KFF IN ACCORDANCE WITH THE LAWS OF IOWA. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE FINANCE DEPARTMENT REVIEWS THE FORM 990. PRIOR TO FILING THE FORM 990, A COMPLETE COPY IS PROVIDED TO THE ENTIRE BOARD FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS THE KFF BOARD OF DIRECTORS. THE POLICY INCLUDES A DUTY TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS TO KCC AS THEY ARISE, AS WELL AS REQUIRES THE COMPLETION OF AN ANNUAL CONFLICT OF INTEREST CERTIFICATION. AS A MEANS OF REPORTING CONFLICTS TO KCC, THE BOARD SECREATARY WILL REVIEW THE CONFLICT OF INTEREST STATEMENTS AND DETERMINE WHETHER A CONFLICT EXISTS. IF A CONFLICT WERE TO ARISE THE DIRECTOR IN CONFLICT WOULD NOT BE PRESENT FOR ANY DISCUSSIONS OR VOTE RELATING TO THE MATTER IN CONFLICT. ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST WOULD BE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 KFF DOES NOT COMPENSATE ANY OFFICER OR EMPLOYEE. THE EXECUTIVE DIRECTOR AND OTHER OFFICERS OF KFF DO RECEIVE COMPENSATION FROM KCC, A RELATED ENTITY. BUT THIS COMPENSATION IS NOT RELATED TO ANY SERVICES PROVIDED TO KFF. DURING FY12, KCC'S COMPENSATION COMMITTEE CONDUCTED A FORMAL REVIEW OF ALL PAY CLASSIFICATIONS. IN ORDER TO DETERMINE THE PROPER PAY CLASSIFICATION, THE COMMITTEE USED FEEDBACK FROM AN INDEPENDENT CONSULTING GROUP, REGIONAL COMPENSATION DATA FROM OTHER COMMUNITY COLLEGES, AND COMPARED INTERNAL JOBS THAT HAD SIMILAR RESPONSIBILITIES AND DUTIES. KCC RELIED ON THE FY12 PAY CLASSIFICATIONS WHEN DETERMINING COMPENSATION FOR FY18 AS WELL AS UTILIZED A COMPENSATION COMMITTEE, AND BUDGET GUIDELINES IN DETERMINING COMPENSATION FOR THOSE EMPLOYEES CONSIDERED OFFICER'S ON KFF'S 2019 FORM 990. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR. KIRKWOOD COMMUNITY COLLEGE 6301 KIRKWOOD BLVD SW CEDAR RAPIDS IA 52404 420924685 HIGHER EDUCATION IA N/A 0 KIRKWOOD COMMUNITY COLLEGE FOUNDATION 6301 KIRKWOOD BLVD SW CEDAR RAPIDS IA 52404 237076632 SUPPORT THE EDUCATION AND DEVELOPMENT NEEDS OF KIRKWOOD COMMUNITY COLLEGE IA 501(C)(3) LINE 5 KIRKWOOD COMMUNITY COLLEGE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0