2000 Financial Report

The NIACC Foundation received $2,712,715 in 2000.

Total assets are over $11 million. Approximately 15 percent is invested in North Iowa financial institutions.

The rest is in The Commonfund, a nonprofit membership corporation organized and operated by and for its member colleges, universities and independent schools. The Commonfund provides investment management services exclusively for educational institutions.

A member since 1985, NIACC is the first community college in Iowa and one of the few community colleges in the country to belong to The Commonfund.

Click here to view the NIACC Foundation's Annual Asset Performance.

Balance Sheet

Assets

Cash and Certificates of Deposit $1,704,214

Investments - The Commonfund 6,934,571

Other Assets 2,794,749

Total Assets $11,433,534

Liabilities & Fund Balances

Liabilities 337,509

Fund Balances

Unrestricted Funds $1,193,580

Charitable Annuity Fund 12,896

Permanent Endowments 3,366,079

Endowment Challenge Fund 2,958,574

Term Restricted Funds 3,170,929

Board Designated Funds 393,967

11,096,025

Total Liabilities & Fund Balances $11,433,534

ChartObject Expenditures and Allocations
$2,712,715

Go back to Publications and Reports
Back to NIACC Foundation Home

NIACC Foundation
641-422-4386, or 1-888-GO NIACC ext.4386, foundation@niacc.edu
North Iowa Area Community College, 500 College Drive, Mason City, IA 50401