Ridgewater College Foundation

Organization Overview

Ridgewater College Foundation is located in Willmar, MN. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgewater 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 06/2023, Ridgewater College Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 4.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO EXPAND EDUCATIONAL OPPORTUNITIES AND ENHANCE ACADEMIC EXCELLENCE AT RIDGEWATER COLLEGE BY PROVIDING FINANCIAL AND COMMUNITY SUPPORT. THE FOUNDATION ACCOMPLISHES ITS MISSION THROUGH ITS ANNUAL AND CAPITAL FUNDRAISING CAMPAIGNS, WHICH RAISE FUNDS FOR SCHOLARSHIPS FOR STUDENTS, AND PROGRAM SUPPORT FOR COLLEGE DEPARTMENTS AND PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALL SUPPORT PROVIDED TO RIDGEWATER COLLEGE INCLUDING SCHOLARSHIPS, IN-KIND GIFTS, AND FUNDING FOR COLLEGE PROGRAMS.


SPECIAL PROJECTS - FUNDING GRANTED TO VARIOUS DEPARTMENTS OF RIDGEWATER COLLEGE TO ASSIST IN DEVELOPING CREATIVE PROJECTS OR PURCHASE EQUIPMENT DESIGNED TO ADVANCE THE COLLEGE MISSION.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Kelly Magnuson
Foundation M
$31,013
Mandy Baldry
Director
$0
Amber Erickson
Director
$0
Beth Gasser
Director
$0
Stu Giere
Director
$0
Kristi Haefner
Director
$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$2,598,273
Noncash contributions included in lines 1a–1f $824,579
Total Revenue from Contributions, Gifts, Grants & Similar$2,598,273
Total Program Service Revenue$0
Investment income $50,394
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $70,566
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,719,233

Peer Organizations

Organization NameAssets
Des Moines Golf And Country Club
West Des Moines, IA
$16,008,393
Waitt Foundation
North Sioux City, SD
$1,078,607
Rsm Us Foundation
Davenport, IA
$11,436,513
Team Makers Club Inc
Fargo, ND
$8,782,669
Bentson Foundation
Wayzata, MN
$5,750,800
Sc Johnson Giving Inc
Racine, WI
$1,106,833
Agustin A Ramirez Jr Family Foundation
Milwaukee, WI
$1,751,494
Central States Fair
Rapid City, SD
$5,730,392
Katherine Wells Macmillan Foundation
Minneapolis, MN
$41,837,081
Pleasant T Rowland Foundation
Brookfield, WI
$2,310,663
Valley Senior Living
Grand Forks, ND
$4,153,857
C H Robinson Worldwide Foundation
Sioux Falls, SD
$5,779,511
Peo Sisterhood International Chapter
Des Moines, IA
$5,789,881
Hemophilia Outreach Of Wisconsin Inc
Green Bay, WI
$6,627,422
South Dakota Partners In Education
Sioux Falls, SD
$3,270,263
Delta Dental Of Wisconsin Foundation Inc
Stevens Point, WI
$4,703,850
Tee It Up For The Troops Inc
Burnsville, MN
$3,132,697
Herb Kohl Educational Foundation Inc
Milwaukee, WI
$3,201,135
Ab Nicholas Scholarship Foundation
Mequon, WI
$6,013,180
Kellogg Programs Inc
Milwaukee, WI
$1,209,744
Bright Foundation
Urbandale, IA
$2,210,641
Wasie Foundation
Wayzata, MN
$270,492
Ndscs Foundation
Wahpeton, ND
$8,834,482
Ruth And Pat Crawford Family Foundation Inc
Milwaukee, WI
$5,173
Peo Sisterhood International Chapter
Des Moines, IA
$2,632,499

Create an account to unlock the data you need.

or