Riverland Community College Foundation
- Assets
- $4.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 1
- Location
- Austin, MN
- Founding
- 01/1977
- Data as of
- 06/2022
- EIN
- 41-1286409
Organization Overview
Riverland Community College Foundation is located in Austin, MN. The organization was established in 1977. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverland Community College 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 06/2022, Riverland Community College Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 12.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ENGAGED IN THE OPERATION OF RAISING FUNDS TO SUPPORT, AND PROMOTE EDUCATIONAL AND ATHLETIC PROGRAMS FOR RIVERLAND COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - THE FOUNDATION IS A VOLUNTARY NOT FOR PROFIT CORPORATION ENGAGED IN THE OPERATION OF RAISING MONIES FOR GRANTING SCHOLARSHIPS TO STUDENTS ATTENDING RIVERLAND COMMUNITY COLLEGE.
STUDENT SERVICES - THE FOUNDATION ASSISTS CURRENT AND PAST STUDENTS OF RIVERLAND COMMUNITY COLLEGE FOUNDATION BY PROVIDI GCOLLEGE HOUSING, RIAINSG FUNDS, AND COMMUNICATING THE OPPORTUNIITIES AND ASSSITANCE AVAILABLE TO STUDENTS.
THEATRE - THE FOUNDATION IS ENGAGED IN SUPPORTING VARIOUS THEATRE GROUPS TO ENRICH THE ARTS AND PROGRAMS AT RIVERLAND COMMUNITY COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janelle Koepke Executive Dir. | OfficerTrustee | 40 | $0 |
Susie Petersen Secretary | OfficerTrustee | 2 | $0 |
Alice Holst Treasurer | OfficerTrustee | 2 | $0 |
Kevin Myers PHD President | OfficerTrustee | 2 | $0 |
Geoff Smith Vice President | OfficerTrustee | 2 | $0 |
Lois Nelson Past President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,359,800 |
| Noncash contributions included in lines 1a–1f | $153,887 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,359,800 |
| Total Program Service Revenue | $49,659 |
| Investment income | $102,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $209,469 |
| Net Gain/Loss on Asset Sales | $80,261 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,801,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $635,727 |
| Grants and other assistance to domestic individuals. | $1,347,540 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,120 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,519 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,639 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $495 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,110 |
| All other expenses | $27,418 |
| Total functional expenses | $2,119,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,647 |
| Savings and temporary cash investments | $621,422 |
| Pledges and grants receivable | $103,620 |
| Accounts receivable, net | $280,056 |
| 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 | $15,223 |
| Net Land, buildings, and equipment | $698,966 |
| Investments—publicly traded securities | $2,294,438 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $329,615 |
| Total assets | $4,544,987 |
| Accounts payable and accrued expenses | $264,543 |
| Grants payable | $0 |
| Deferred revenue | $27,835 |
| 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 | $94,851 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $355 |
| Total liabilities | $387,584 |
| Net assets without donor restrictions | $1,185,193 |
| Net assets with donor restrictions | $2,972,210 |
| 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 | $4,544,987 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Riverland Community College Foundation has recieved totaling $9,100.
| Awarding Organization | Amount |
|---|---|
Geo A Hormel Testamentary Trust Austin, MN PURPOSE: ROYALTY RIGHTS | $4,600 |
Geo A Hormel Testamentary Trust Austin, MN PURPOSE: ROYALTY RIGHTS | $4,500 |
Endowment Analysis
| Beg. Balance | $2,163,062 |
| Earnings | -$210,785 |
| Admin Expense | $8,345 |
| Net Contributions | $22,000 |
| Other Expense | -$58,910 |
| Grants | $64,375 |
| Ending Balance | $1,960,467 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverland Community College Foundation Austin, MN | $4,544,987 | $2,801,271 |
Northern Sun Intercollegiate Conference Burnsville, MN | $2,298,018 | $1,189,637 |
Albia Booster Club Albia, IA | $205,495 | $215,938 |
Catholic Athletic Association St Paul, MN | $604,530 | $193,749 |
Bettendorf Schools Parents And Athletic Boosters Inc Bettendorf, IA | $178,462 | $149,686 |
Oconomowoc Sports Booster Club Inc Oconomowoc High School Oconomowoc, WI | $92,840 | $0 |
Boone Hi Booster Club Boone, IA | $76,999 | $0 |
Grafton Athletic Booster Club Inc Grafton, WI | $96,005 | $0 |
Oak Creek Quarterback Club Oak Creek, WI | $38,154 | $0 |
Center Ice Club Foundation Inc Eau Claire, WI | $158,820 | $0 |