ELGIN COMMUNITY COLLEGE FOUNDATION
Mission Statement
The work of the ECC Foundation is driven by an independent Board of Directors – community and business leaders who believe that education unlocks potential. The Board’s direction and actions are framed by the following guiding principles: • Mission: To maximize access to an exceptional education that will improve lives and strengthen our community. • Vision: We seek to enable dreams for all by generating resources that will provide effective learning experiences. We will maximize our impact through the strength and leadership of our Board and close collaboration with the college and community. • Values: The core principles and beliefs that guide our work are Excellence, Integrity, Respect, Collaboration, and Accountability.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
76.3% | 89.6% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
23.7% | 7.5% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 1.3% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
274.7 mo | 9.1 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.5% | 0.1% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
96.4% | 87.8% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-56.9% | 6.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-31.2% | 7.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
27.4% | 3.1% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $982K | $713K | $16.3M | 76.3% | 0 |
| 2024 | $2.3M | $1.0M | $14.6M | 85.0% | 0 |
| 2023 | $912K | $941K | $11.8M | 68.7% | 0 |
| 2022 | $1.4M | $1.0M | N/A | — | 0 |
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