2024-12-20T08:30:33-06:00 2024-06-30 363168081 SIKICH LLC 17335 GOLF PARKWAY SUITE 500 BROOKFIELD WI 53045 990 2023-07-01 363037232 ROCK VALLEY COLLEGE FOUNDATION ROCK 8159214505 3301 NORTH MULFORD ROAD ROCKFORD IL 61114 ROBERT STENSTROM PRESIDENT 8159214505 2024-12-17 1 1 HEATHER BONIFAS CPA P01711657 2627549400 2024-12-17 2023 2024-10-15 13:58:12Z BRITTANY FREIBERG 3301 NORTH MULFORD ROAD ROCKFORD IL 61114 1346435 0 X WWW.ROCKVALLEYCOLLEGE.EDU X 1979 IL THE ROCK VALLEY COLLEGE FOUNDATION PROVIDES SUPPORT TO ROCK VALLEY COLLEGE AND ITS STUDENTS. 14 14 0 15 0 0 1411010 1165159 0 0 614840 -56821 0 0 2025850 1108338 612074 814871 0 0 323433 382135 0 0 136562 191724 195202 1127231 1392208 898619 -283870 17892333 20495112 787270 1760173 17105063 18734939 X THE ROCK VALLEY COLLEGE FOUNDATION'S MISSION IS TO BUILD REGIONAL RELATIONSHIPS AND SECURE RESOURCES TO ADVANCE RVC AND ITS STUDENTS. 0 0 528003 528003 FOUNDATION SCHOLARSHIPS GIVEN TO 405 STUDENTS ATTENDING ROCK VALLEY COLLEGE DURING THE YEAR ENDING JUNE 30, 2024 TOTALING $528,003. 249163 249163 CONTRIBUTIONS TO ROCK VALLEY COLLEGE DURING THE YEAR ENDED JUNE 30, 2024. THE FOUNDATION PROVIDED CASH GRANTS AND ASSISTANCE TOTALING $249,163. 37705 37705 THROUGH EMERGENCY RELIEF FUND AWARDS, THE RVC FOUNDATION HELPED KEEP 50 STUDENTS ENROLLED AND ON TRACK TO COMPLETION DURING UNEXPECTED FINANCIAL CRISIS. THESE FUNDS TOTALED $37,705. 53010 THE RVC FOUNDATION SECURED AND/OR MANAGED PROGRAM FUNDS TO SUPPORT 80 UNIQUE PROGRAMS WITHIN ROCK VALLEY COLLEGE RANGING FROM STUDENT CLUBS, EDUCATIONAL RESOURCES, CAMPUS BEAUTIFICATION, AND MORE. 53010 867881 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 IL X ELLEN OLSON 8159214402 3301 N MULFORD RD ROCKFORD IL 61114 X ROBERT W SENSTROM PRESIDENT 2.00 X X 0 0 0 JOHN WOLF VICE PRESIDENT 2.00 X X 0 0 0 BRENT BERNARDI SECRETARY 2.00 X X 0 0 0 BRIDGETT COLEMAN MEMBER 2.00 X 0 0 0 STEVEN GUNDERSON DO MEMBER 2.00 X 0 0 0 JAMES PIRAGES MEMBER 2.00 X 0 0 0 BRENT BRODESKI MEMBER 2.00 X 0 0 0 JADEDIAH CANTREL MEMBER 2.00 X 0 0 0 LESLY COUPER MEMBER 2.00 X 0 0 0 JAMIE FANARA MEMBER 2.00 X 0 0 0 IRA GRIMMETT MEMBER 2.00 X 0 0 0 BARRY KRAMER MEMBER 2.00 X 0 0 0 TAD OLSON MEMBER 2.00 X 0 0 0 JAMES WADDELL MEMBER 2.00 X 0 0 0 BRITTANY FREIBERG CHIEF DEVELOPMENT OFFICER 40.00 X 0 0 0 ELLEN OLSON TREASURER/CFO 2.00 X 0 0 0 SARAH SHUMWAY ASSISTANT TREASURER 14.00 X 0 0 0 0 0 0 0 0 0 1 0 1165159 45262 1165159 3494 3494 177782 238097 -60315 -60315 -60315 1108338 0 0 -56821 249163 249163 565708 565708 382135 19107 240745 122283 74180 74180 12431 12431 28060 1262 18721 8077 22592 22592 714 714 10866 4664 6202 ADMINISTRATIVE FEES 46359 32641 13718 1392208 867881 387765 136562 1682758 740705 248611 128807 15960964 19625600 17892333 20495112 288 627287 786982 1132886 787270 1760173 X 5110588 5861720 11994475 12873219 17105063 18734939 17892333 20495112 -283870 1913746 0 X X 0 1 X 1 0 X 881812 560937 1784543 1411010 1165159 5803461 45577 50002 50998 41006 43301 230884 927389 610939 1835541 1452016 1208460 6034345 1002600 5031745 400233 760571 420621 678838 3494 2263757 8298102 0.60640 0.58720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7786570 274795 1080995 344439 8797921 7353228 115007 693890 375555 7786570 8512789 167387 -1007582 319366 7353228 6706345 50589 2039826 283971 8512789 7027303 133097 -190594 263461 6706345 0.20289 0.39389 0.40322 0 0 0 DUE TO ROCK VALLEY COLLEGE - GENERAL OPERATING 386311 DUE TO ROCK VALLEY COLLEGE - CAMPAIGN PAYABLE 5000 DUE TO ROCK VALLEY COLLEGE - PROGRAM PAYABLE 37984 DUE TO ROCK VALLEY COLLEGE - SCHOLARSHIPS PAYABLE 703591 1132886 X 2991205 1913746 43301 1957047 1034158 74180 74180 1108338 1361329 43301 43301 1318028 74180 74180 1392208 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS OTHER THAN A PRIVATE FOUNDATION. THE FOUNDATION EVALUATES ITS UNCERTAIN TAX POSITIONS ON AN ANNUAL BASIS, AND THERE HAVE BEEN NO RECORDED UNCERTAIN TAX POSITIONS RECORDED IN 2024, 2023, OR 2022. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE FOUNDATION FILES VARIOUS FEDERAL OR STATE NONPROFIT TAX RETURNS. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2021. PAGE 2, PART V, LINE 4 THE INTENDED USE FOR ENDOWMENT FUNDS IS TO SUPPORT ROCK VALLEY COLLEGE. 1 ROCK VALLEY COLLEGE 3301 NORTH MULFORD ROAD ROCKFORD IL 61114 362557781 203901 45262 FMV VARIOUS SUPPLIES AND EQUIPMENT IN SUPPORT OF RVC TO SUPPORT VARIOUS COLLEGE DEPARTMENTS AND PROGRAMS. 1 SCHOLARSHIPS 405 528003 EMERGENCY RELIEF 50 37705 PART I, LINE 2: GRANTS ARE MONITORED BY EACH GRANTEE SUBMITTING A YEAR-END REPORT THAT EXPLAINS HOW THE GRANT FULFILLED THE REQUEST FOR FUNDING. ALL EXPENDITURES DURING THE GRANT YEAR, AND ANY CHANGES MADE DURING THE GRANT YEAR, ARE APPROVED BY THE CHIEF DEVELOPMENT OFFICER. PART III SCHOLARSHIPS ARE PAID DIRECTLY TO ROCK VALLEY COLLEGE AND NORTHERN ILLINOIS UNIVERSITY FOR THE BENEFIT OF THE STUDENT. 0 0 0 0 0 0 0 0 0 FORM 990, PART VII, LINE 5 ROCK VALLEY COLLEGE, AN UNRELATED ORGANIZATION TO ROCK VALLEY COLLEGE FOUNDATION, PAID THE FOLLOWING OFFICERS FOR SERVICES RENDERED TO ROCK VALLEY COLLEGE FOUNDATION IN 2023: BRITTANY FREIBERG (CHIEF DEVELOPMENT OFFICER) A BASE SALARY OF 104,632 AND NON-TAXABLE BENEFITS OF 38,738. ELLEN OLSON (TREASURER) A BASE SALARY OF 7,418 AND NON-TAXABLE BENEFITS OF 58. SARAH SHUMWAY (ASSISTANT TREASURER) A BASE SALARY OF 23,782 AND NON-TAXABLE BENEFITS OF 8,803. X SUPPLIES FOR PROGRAM USE 5 26154 DONOR ESTIMATED VALU X TOOLS AND TOOL STORAGE 8 15100 DONOR ESTIMATED VALU X EVENT DONATED EXPENSES 15 2639 DONOR ESTIMATED VALU X FOOD FOR ATTENDEES 4 1369 DONOR ESTIMATED VALU 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETE COPY OF FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE AND APPROVED BEFORE FILING THE FORM. THE COMPLETE COPY OF FORM 990 IS PROVIDED TO THE REST OF THE MEMBERS OF ITS GOVERNING BODY AT THE NEXT FULL BOARD MEETING WHICH CAN BE AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURE FORM IS COMPLETED AT THE BEGINNING OF EACH FISCAL YEAR. ANY BOARD MEMBER WITH A CONFLICT DOES NOT PARTICIPATE IN THE ACTIVITIES OR DECISIONS IN WHICH A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION HAS NO EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE AUDIT REPORT OF THE FOUNDATION'S FINANCIALS IS KEPT IN THE OFFICE OF THE FOUNDATION AND PROVIDED UPON REQUEST. THE ANNUAL FOUNDATION FINANCIAL REPORT IS PUBLISHED IN THE JOINT ROCK VALLEY COLLEGE/FOUNDATION ANNUAL REPORT. FORM 990, PART XI, LINE 2C NO CHANGE IN PROCESS OF SELECTION OF AUDITOR OR OVERSIGHT OF AUDIT