Rockford Education Foundation
- Assets
- $733.0k
- Revenue
- $294.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Rockford, MI
- Founding
- 04/1992
- Data as of
- 06/2023
- EIN
- 38-3034696
Organization Overview
Rockford Education Foundation is located in Rockford, MI. The organization was established in 1992. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Rockford Education Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockford Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Rockford Education Foundation generated $294.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $314.7k during the year ending 06/2023. While expenses have increased by 10.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ROCKFORD EDUCATION FOUNDATION (REF) WAS ESTABLISHED IN 1991 TO PROVIDE RESOURCES FOR INCREASED EDUCATIONAL OPPORTUNITIES FOR PEOPLE OF ALL AGES IN THE ROCKFORD COMMUNITY. THE REF IS AN INDEPENDENT, NON-PROFIT CORPORATION, GOVERNED BY A VOLUNTEER BOARD OF TRUSTEES FROM THE COMMUNITY. TEACHERS, STUDENTS, AND COMMUNITY MEMBERS WITH INNOVATIVE IDEAS HAVE RECEIVED GRANTS FOR WIDE-RANGING, EDUCATIONAL PURPOSES. LARGE & MINI GRANTS ARE AWARDED TWICE ANNUALLY BASED ON THE MERIT OF THE REQUEST AND ITS ABILITY TO PROMOTE EDUCATIONAL EXCELLENCE. COMMUNITY IMPACT GRANTS ARE REVIEWED AT TIME OF SUBMISSION AND DETERMINED CASE BY CASE, WHEREAS STUDENT GRANTS CAN BE REVIEWED AND APPROVED DURING THE MONTHLY BOARD MEETINGS. THE REF IS PROUD TO AWARD EDUCATIONAL GRANTS TO THE ROCKFORD COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PROGRAM SERVICE OF THE ROCKFORD EDUCATION FOUNDATION (REF) IS TO AWARD GRANTS TO EDUCATORS, STUDENTS, AND COMMUNITY MEMBERS WITH THE MISSION TO ENHANCE EDUCATIONAL OPPORTUNITIES. THE ORGANIZATION SUPPORTS LEARNERS OF ALL AGES FROM EARLY CHILDHOOD (PRE-SCHOOL) THROUGH AFTER RETIREMENT WITH THE AWARDING OF GRANTS FOR PROGRAMMING TARGETING THE AGING ADULT COMMUNITY. THE REF AWARDS GRANTS TO THE ROCKFORD PUBLIC SCHOOLS, PAROCHIAL SCHOOLS, AND OTHER NON-PROFIT ORGANIZATIONS THAT PROVIDE EDUCATIONAL OPPORTUNITIES IN ROCKFORD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Poot Chairperson | OfficerTrustee | 3 | $0 |
John Greko Treasurer | OfficerTrustee | 2 | $0 |
Tim Breadon Vice Chairpe | OfficerTrustee | 2 | $0 |
Amy Vancil Secretary | OfficerTrustee | 2 | $0 |
Jenn Davis Executive At | OfficerTrustee | 2 | $0 |
Laura Bagwell Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,709 |
| Membership dues | $0 |
| Fundraising events | $115,439 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $233,958 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $351,106 |
| Total Program Service Revenue | $0 |
| Investment income | $1,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$58,556 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $117,171 |
| Grants and other assistance to domestic individuals. | $8,771 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,621 |
| Compensation of current officers, directors, key employees. | $23,669 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,544 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $37,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,696 |
| Office expenses | $1,959 |
| Information technology | $8,063 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,269 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,147 |
| All other expenses | $0 |
| Total functional expenses | $314,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,751 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $609,223 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $732,974 |
| Accounts payable and accrued expenses | $2,220 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,220 |
| Net assets without donor restrictions | $728,896 |
| Net assets with donor restrictions | $1,858 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $732,974 |
Grants Awarded
Over the last fiscal year, Rockford Education Foundation has awarded $109,670 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ROCKFORD PUBLIC SCHOOLS PURPOSE: TEACH/STUDENT GRANTS | $85,670 |
INTERQUEST DETECTION CANINES OF MI PURPOSE: COUNSELING DOGS | $12,000 |
ROCKFORD CHRISTIAN SCHOOL PURPOSE: OUTDOOR STRUCTURE | $12,000 |