2025-11-14T14:03:57-06:00 2025-06-30 430352985 KERBER ECK & BRAECKEL LLP 3200 ROBBINS ROAD STE 200A SPRINGFIELD IL 62704 990 2024-07-01 371360597 LINCOLN LAND COMMUNITY COLLEGE FOUNDATION LINC 2177862784 5250 SHEPHERD ROAD SPRINGFIELD IL 627949256 KAREN SANDERS EXECUTIVE DIRECTOR 2177862784 2025-11-13 1 0 DANIELLE M HUNT P00343541 2177890960 2025-11-13 2024 2025-03-06 01:10:19Z KAREN SANDERS 5250 SHEPHERD ROAD SPRINGFIELD IL 627949256 4149047 0 X WWW.LLCCFOUNDATION.ORG X 1994 IL CULTIVATE AND STEWARD CHARITABLE GIFTS TO ENRICH AND SUPPORT LLCC STUDENTS, PROGRAMS AND SERVICES. 19 19 0 75 0 0 2346326 1901744 0 0 -14659 613384 37200 46138 2368867 2561266 2996819 2423219 0 0 0 0 0 0 201545 398916 404324 3395735 2827543 -1026868 -266277 25666770 26122964 598941 641462 25067829 25481502 CULTIVATING AND STEWARDING CHARITABLE GIFTS TO SUPPORT LINCOLN LAND COMMUNITY COLLEGE STUDENTS, PROGRAMS AND SERVICES. 0 0 2489182 2423219 THE LINCOLN LAND COMMUNITY COLLEGE FOUNDATION WAS ORGANIZED AND OPERATES TO EXCLUSIVELY RAISE AND RECEIVE CHARITABLE GIFTS AND PROVIDE FINANCIAL SUPPORT TO THE EDUCATIONAL PROGRAMS AND SERVICES AT LINCOLN LAND COMMUNITY COLLEGE; TO ASSIST IN INCREASING AND ENHANCING THE PHYSICAL AND CULTURAL ENVIRONMENT OF THE COLLEGE; TO BROADEN THE EDUCATIONAL OPPORTUNITIES AND SERVICES FOR ITS STUDENTS, ALUMNI, AND CITIZENS OF THE DISTRICT; AND TO PROVIDE FUNDS TO IMPLEMENT SCHOLARSHIPS AND VARIOUS AWARDS. 2489182 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 8 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X KAREN SANDERS 2177862784 5250 SHEPHERD ROAD SPRINGFIELD IL 627949256 PHIL BEELER MEMBER 1.00 X 0 0 0 JENNIFER CALL MEMBER 1.00 X 0 0 0 COURTNEY COSBY MEMBER 1.00 X 0 0 0 DAVID DRENNAN MEMBER 1.00 X 0 0 0 TOM FITCH MEMBER 1.00 X 0 0 0 EARL FLACK MEMBER 1.00 X 0 0 0 DOREEN GARZA MEMBER 1.00 X 0 0 0 JOEL GUSTAFSON MEMBER 1.00 X 0 0 0 LOU JOHNSON MEMBER 1.00 X 0 0 0 DANIEL HAMILTON MEMBER 1.00 X 0 0 0 JUSTIN KNOEDLER VICE CHAIR 2.00 X X 0 0 0 ROBERT KULAVIC MEMBER 1.00 X 0 0 0 JOE KULEK TREASURER 2.00 X X 0 0 0 MIKE MENDENHALL MEMBER 1.00 X 0 0 0 NICOLE MEYER MEMBER 1.00 X 0 0 0 ADAM PALLAI MEMBER 1.00 X 0 0 0 RACHEL PENNELL MEMBER 1.00 X 0 0 0 ROD RIECH MEMBER 1.00 X 0 0 0 DAN WILCOXEN CHAIR 2.00 X X 0 0 0 KAREN SANDERS EXECUTIVE DIRECTOR 40.00 X 0 171313 20112 0 171313 20112 0 0 1 0 0 73501 1828243 227207 1901744 378677 378677 37200 0 37200 37200 37200 1750847 1516140 234707 234707 234707 80579 73501 71641 8938 8938 2561266 0 0 659522 1923732 1923732 499487 499487 54675 54675 2978 123 2855 7213 7213 ASSISTANT DIR. AND COOR 216185 60903 19229 136053 PURCHASED SERVICES 80180 44737 35443 SUPPLIES 20220 5060 4778 10382 TAXES/LICENSES 9754 9754 13119 3520 9599 2827543 2489182 136816 201545 903265 905098 9403651 8612761 1555 300 9167 23176 3759464 34617 3724847 3724847 11624285 12856782 25666770 26122964 594421 637908 4520 3554 598941 641462 X 3502678 3675933 21565151 21805569 25067829 25481502 25666770 26122964 -266277 679950 0 X X 0 1 X 1 0 X 1627490 2137156 2669316 2346326 1901744 10682032 345395 358126 376335 389189 477431 1946476 1972885 2495282 3045651 2735515 2379175 12628508 12628508 214230 247653 310195 322630 415877 1510585 14139093 0.89320 0.93150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 10061965 100083 917992 154392 36189 10889459 9337907 247201 690634 205902 7875 10061965 8673606 188359 706891 203789 27160 9337907 9721062 413769 -1203715 216030 41480 8673606 8488343 64632 1385937 175633 42217 9721062 0.73720 0.26280 0 0 3724847 3724847 34617 34617 0 3724847 X 3735613 679950 477431 71641 1229022 2506591 54675 54675 2561266 3321940 477431 71641 549072 2772868 54675 54675 2827543 PART III, LINE 1A: FROM THE LATE 1940S THROUGH THE MID 1970S, SPRINGFIELD NATIVES PHILIP AND MARY KATHRYN TRUTTER TRAVELED EXTENSIVELY. FROM THE MANY COUNTRIES AND PRINCIPALITIES THEY VISITED OVER THE YEARS, THEY COLLECTED A VAST ARRAY OF ARTIFACTS, MEMENTOS AND OTHER CULTURAL ITEMS OF INTEREST. AFTER MRS. TRUTTER'S DEATH IN 1977, MR. TRUTTER PURCHASED ADDITIONAL OBJECTS FROM A NUMBER OF KNOWLEDGEABLE DEALERS IN THE UNITED STATES. UPON HIS DEATH IN 2000, MUCH OF THEIR EXTENSIVE COLLECTION WAS BEQUEATHED TO THE LINCOLN LAND COMMUNITY COLLEGE FOUNDATION WITH A GENEROUS STIPEND TO ESTABLISH THE PHILIP AND MARY KATHRYN TRUTTER MUSEUM ON THE COLLEGE'S MAIN SPRINGFIELD CAMPUS. THE THREE-FOLD MISSION FOR THE TRUTTER MUSEUM IS TO ESTABLISH AN EXHIBIT PROGRAM, OFFER EDUCATIONAL PROGRAMS AND TOURS, AND BE A RESPONSIBLE CURATOR OF THE COLLECTION. AS A COMMUNITY-FOCUSED EDUCATIONAL INSTITUTION, WE ARE PROUD TO BE THE HOME OF THE TRUTTER MUSEUM AND TO FURTHER SHARE THE TRUTTER'S LOVE OF CULTURAL DIVERSITY AND LIFELONG LEARNING WITH OUR STUDENTS, FACULTY, STAFF AND COMMUNITY. PART V, LINE 4: THE INCOME FROM ENDOWMENT FUNDS IS EXPENDABLE TO SUPPORT STUDENT SCHOLARSHIPS OR GRANTS TO COLLEGE DEPARTMENTS AND PROGRAMS OR FACULTY AT LINCOLN LAND COMMUNITY COLLEGE, AS STIPULATED BY THE DONOR. PART X, LINE 2: THE FOUNDATION FOLLOWS ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH SETS A MINIMUM THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION OF THE BENEFIT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT EVALUATED TAX POSITIONS FOR THE OPEN TAX YEARS AT JUNE 30, 2025, AND DETERMINED NO PROVISION FOR UNCERTAIN TAX POSITION WAS REQUIRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: FOUNDATION GALA EXPENSE 63,329. CURBSIDE EVENT EXPENSE 8,312. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSE 54,675. PART XII, LINE 2D - OTHER ADJUSTMENTS: FOUNDATION GALA EXPENSE 63,329. CURBSIDE EVENT EXPENSE 8,312. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSE 54,675. PART XII AND XIII, LINE 2D OTHER DIRECT FUNDRAISING EVENT EXPENSES IN THE AMOUNTS OF $63,329 AND $8,312 ARE DIRECT REDUCTIONS TO FUNDRAISING INCOME. FOUNDATION GALA 136830 73501 63329 63329 CURBSIDE EVENT 17250 17250 8312 154080 73501 80579 8312 63329 71641 8938 1 LINCOLN LAND COMMUNITY COLLEGE (LLCC) 5250 SHEPHERD ROAD SPRINGFIELD IL 627949256 370900960 LLCC 1696525 227207 FAIR MARKET VALUE SCHEDULE M GENERAL SUPPORT SCHOLARSHIPS TO LINCOLN LAND COMMUNITY COLLEGE STUDENTS 368 499487 CASH PART I, LINE 2: NO GRANTS OR SCHOLARSHIPS ARE EXPENDED UNTIL AN INVOICE IS RECEIVED FROM LINCOLN LAND COMMUNITY COLLEGE AND THE CHECK IS PAID DIRECTLY TO LINCOLN LAND COMMUNITY COLLEGE. 1 X X X 0 0 0 0 0 0 0 0 0 KAREN SANDERS EXECUTIVE DIRECTOR 0 171313 0 0 0 0 0 0 0 20112 0 191425 0 0 X 2 5000 BEST ESTIMATE OF VALUE X LEASE OF 2024 CASE IH MAXXUM 145 TRACTOR 1 175000 LEASE AMOUNT X 250 MAGNUM TRACTOR TRANSMISSION 1 21799 FAIR MARKET VALUE X STRESS TEST SYSTEM WITH TELE BOX AND LEADS 1 10250 FAIR MARKET VALUE X BUNN SURE TAMP ESPRESSO MACHINE 1 7918 FAIR MARKET VALUE X CUSTOM CORN/BEAN HARVESTING 1 2105 BEST ESTIMATE OF VAL X PARKS FLO LAB 2100SX 1 2000 FAIR MARKET VALUE X MID-RANGE MAGNUM POWER SHIFT TRANSMISSION 1 1500 FAIR MARKET VALUE X R/C MODEL AIRCRAFT 5 1000 FAIR MARKET VALUE X CERAMIC PIECES 5 635 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PRESENTED TO EACH BOARD MEMBER FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS UNDERSTAND THAT, BASED ON THE CONFLICTS OF INTEREST POLICY, FULL DISCLOSURE AND ABSTAINING FROM DEBATE AND VOTE ON ANY MATTER THAT PRESENTS A CONFLICT OF INTEREST IS REQUIRED. ANY CONFLICT IS THEN DOCUMENTED IN MINUTES FROM THE MEETING. BOARD MEMBERS ARE REMINDED PERIODICALLY AT REGULAR MEETINGS OF THEIR RESPONSIBILITY ASSOCIATED WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 ACCORDING TO THE BYLAWS, THE LLCC FOUNDATION EXECUTIVE DIRECTOR IS REVIEWED BY THE COLLEGE PRESIDENT, AS WELL AS THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ON ANNUAL BASIS. ANNUAL SALARY INCREASES ARE NOT DETERMINED BY MERIT. INDIVIDUALS MAY RECEIVE ANNUAL INCREASES, AS APPROVED BY THE LLCC BOARD OF TRUSTEES. ANNUAL INCREASES ARE BASED ON COST OF LIVING AND LONGEVITY, AND ARE ACROSS THE BOARD PERCENTAGE INCREASES. POSITIONS ARE REVIEWED BY AN OUTSIDE ORGANIZATION, CARLSON, DETTMAN AND ASSOCIATES, FOR PLACEMENT WITHIN A SALARY GRADE SYSTEM. THE INDEPENDENT REVIEWER ANALYZES VARIOUS JOB FACTORS, DOES COMPARATIVE ANALYSIS USING INTERNAL AND EXTERNAL BENCHMARKS, AND DETERMINES MARKET VALUE BASED ON INDUSTRY RESEARCH AND SALARY SURVEYS. SALARIES FOR INDIVIDUALS PLACED INTO LLCC POSITIONS ARE DETERMINED BASED ON THE INDIVIDUAL'S EDUCATION AND EXPERIENCE, COUPLED WITH AN ANALYSIS OF INTERNAL EQUITY. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE LINCOLN LAND COMMUNITY COLLEGE FOUNDATION, UPON REQUEST. IN ADDITION, THE FOLLOWING DOCUMENTS ARE AVAILABLE ON THE LLCC FOUNDATION WEBSITE: LLCC FOUNDATION BYLAWS, CONFLICTS OF INTEREST POLICY, CODE OF ETHICAL PRINCIPALS AND STANDARDS OF PROFESSIONAL PRACTICE, DONOR BILL OF RIGHTS, ANNUAL AUDITED FINANCIAL STATEMENTS, AND FORM 990. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LINCOLN LAND COMMUNITY COLLEGE 5250 SHEPHERD ROAD SPRINGFIELD IL 627949256 370900960 PUBLIC COMMUNITY COLLEGE IL 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 LINCOLN LAND COMMUNITY COLLEGE B 2389705 FAIR MARKET VALUE LINCOLN LAND COMMUNITY COLLEGE O 216185 FAIR MARKET VALUE