2025-02-24T15:47:48-05:00 2024-06-30 300003878 BENNING GROUP LLC 6815 WEAVER RD STE 300 ROCKFORD IL 611148060 990 2023-07-01 260388141 ROCKFORD PROMISE ROCK 8152629002 1643 N ALPINE RD SUITE 104102 ROCKFORD IL 61107 MAURICE REDD PRESIDENT/INTERIM TR 8152629002 2025-02-20 false JAKOB J THOMPSON P01272205 8153162375 2025-02-20 2023 2025-03-06 01:10:19Z MAURICE REDD 1643 N ALPINE ROAD SUITE 104 102 ROCKFORD IL 61107 2764346 false X ROCKFORDPROMISE.ORG X 2007 IL REMOVE FINANCIAL BARRIERS BY OFFERING FULL-TUITION SCHOLARSHIPS AND PROVIDE SUPPORT TO ENHANCE STUDENT SUCCESS TO DEGREE OR PROGRAM COMPLETION 15 15 12 50 0 2369460 2578100 0 66712 152415 871 5668 2437043 2736183 638277 811027 0 319583 470127 0 69853 103822 122733 1061682 1403887 1375361 1332296 3507697 4936656 18128 4465 3489569 4932191 X VISION STATEMENT: ENHANCE ECONOMIC VITALITY IN THE ROCKFORD REGION BY PROVIDING ACCESS TO POST-SECONDARY EDUCATION FOR ALL ROCKFORD PUBLIC SCHOOL GRADUATES. - MISSION STATEMENT: REMOVE FINANCIAL BARRIERS BY OFFERING FULL-TUITION SCHOLARSHIPS AND PROVIDE SUPPORT TO ENHANCE STUDENT SUCCESS TO DEGREE OR PROGRAM COMPLETION. false false 1190586 811027 PROVIDED FULL-TUITION SCHOLARSHIPS FOR SELECTED ROCKFORD PUBLIC SCHOOL GRADUATES: 14 ATTENDING ROCKFORD UNIVERSITY, 46 ATTENDING ROCK VALLEY COLLEGE, AND 174 STUDENTS ATTENDING NORTHERN ILLINOIS UNIVERSITY. - 115 ADDITIONAL STUDENTS HAVE BEEN SELECTED FOR FULL-TUITION SCHOLARSHIPS BEGINNING IN THE FALL OF 2024 (4 ATTENDING ROCKFORD UNIVERSITY, 27 ATTENDING ROCK VALLEY COLLEGE, AND 84 ATTENDING NORTHERN ILLINOIS UNIVERSITY). 1190586 true true false false false false false false false false false true false false false true true false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false true 0 0 12 false false false false false false true true false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true false true true false IL X ROBERT MCLAUGHLIN 8159633449 4615 E STATE STREET SUITE 204 ROCKFORD IL 61108 MAURICE REDD PRESIDENT/IN 4.00 X X 0 0 0 SUSAN COVINGTON-FUMO VICE PRESIDE 2.00 X X 0 0 0 JON PICK TREASURER 2.00 X X 0 0 0 EMILY HARTZOG SECRETARY 2.00 X X 0 0 0 EVAN BONNETT BOD 2.00 X 0 0 0 SCOT DOBBS BOD 2.00 X 0 0 0 KEITH KRUCHTEN BOD 2.00 X 0 0 0 JEFF LEWIS BOD 2.00 X 0 0 0 PATRICK PEYER BOD 2.00 X 0 0 0 DAMON RAYNOR BOD 2.00 X 0 0 0 DIEGO VALDIVIA BOD 2.00 X 0 0 0 TIFFANI WEATHERLY BOD 2.00 X 0 0 0 ROBERT YOUNG BOD 2.00 X 0 0 0 MICHAEL PERRY BOD 2.00 X 0 0 0 JAKE TROTTER BOD 2.00 X 0 0 0 KRISTINA REUBER BOD 2.00 X 0 0 0 JUSTIN KING BOD 2.00 X 0 0 0 MUSTAFA ABDALL BOD 2.00 X 0 0 0 LISA JIMENEZ BOD 2.00 X 0 0 0 KAYLENE GROH EXECUTIVE DI 40.00 X 94504 0 5525 94504 5525 false false false 17399 352988 2207713 2578100 152415 152415 33831 17399 28163 5668 2736183 152415 811027 811027 99067 69255 15816 13996 320549 224025 50130 46394 12729 8948 2874 907 37782 26559 8530 2693 500 500 24952 24952 1920 1920 1632 479 1153 12354 4468 4418 3468 8337 8337 4452 4452 2335 2335 2889 2889 SCHOLAR EXPENSE 35250 35250 SCHOLAR COORDINATOR EXP 11054 11054 DUES 3973 3973 TRAINING 3104 3104 9981 8739 1242 1403887 1190586 143448 69853 2363026 2535977 107232 112973 1037439 2287706 3507697 4936656 18128 4465 18128 4465 X 459476 640654 3030093 4291537 3489569 4932191 3507697 4936656 1332296 110326 X false true X true false X 345758 339536 1854491 2369460 2578100 7487345 345758 339536 1854491 2369460 2578100 7487345 754727 6732618 9748 3895 1618 66060 152415 233736 140 140 7721221 135687 0.87200 0.84460 X PART II, LINE 10 140 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED SAVANT NIU SCHOLARSHIP FUND 2287706 2287706 X 2846509 110326 110326 2736183 2736183 1403887 1403887 1403887 SCHEDULE D, PAGE 3, PART X ROCKFORD PROMISE IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AS OTHER THAN A PRIVATE FOUNDATION. CURRENTLY ROCKFORD PROMISE RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENTS ESTIMATE OF WHETHER IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AND THAT AN AMOUNT CAN BE REASONABLY ESTIMATED. ROCKFORD PROMISE BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. ROCKFORD PROMISE FILES ITS FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND ANY APPLICABLE STATE AGENCIES. ROCKFORD PROMISES TAX RETURNS FOR YEARS SUBSEQUENT TO JUNE 30, 2020 ARE OPEN, BY STATUE, FOR REVIEW BY AUTHORITIES. HOWEVER, AT PRESENT, THERE ARE NO ONGOING INCOME TAX AUDITS OR UNRESOLVED DISPUTES WITH THE VARIOUS TAX AUTHORITIES THAT ROCKFORD PROMISE CURRENTLY FILES OR HAS FILED WITH. RAISE THE ROOF 25806 9850 15956 5053 1061 5045 FORE THE PROMIS 22375 4500 17875 2554 7545 48181 14350 33831 7607 1061 12590 21258 12573 true SCHOLARSHIPS 234 811027 SCHEDULE I, PAGE 1, PART I, LINE 2 SCHOLARSHIPS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION FOR CREDIT HOURS TAKEN BY EACH SCHOLARSHIP RECIPIENT. WE ARE AWARE OF AND RELY UPON THE REQUIREMENTS AND PROCEDURES OF EACH EDUCATIONAL INSTITUTION TO DETERMINE THAT SCHOLARSHIP RECIPIENTS ARE MAKING ADEQUATE ACADEMIC PROGRESS IN ACCORDANCE WITH THEIR POLICY. SHOULD A STUDENT NOT MAKE ADEQUATE ACADEMIC PROGRESS, THE EDUCATIONAL INSTITUTION WOULD SO ADVISE ROCKFORD PROMISE AND UNLESS APPROPRIATELY RESOLVED, FURTHER TUITION FUNDING WOULD BE TERMINATED. A WRITTEN AGREEMENT IS EXECUTED WITH EACH SCHOLARSHIP RECIPIENT THAT INCLUDES, AMONG OTHER PROVISIONS, A REQUIREMENT FOR ADEQUATE ACADEMIC PROGRESS. FORM 990 - ORGANIZATION'S MISSION VISION STATEMENT: ENHANCE ECONOMIC VITALITY IN THE ROCKFORD REGION BY PROVIDING ACCESS TO POST-SECONDARY EDUCATION FOR ALL ROCKFORD PUBLIC SCHOOL GRADUATES. - MISSION STATEMENT: REMOVE FINANCIAL BARRIERS BY OFFERING FULL-TUITION SCHOLARSHIPS AND PROVIDE SUPPORT TO ENHANCE STUDENT SUCCESS TO DEGREE OR PROGRAM COMPLETION. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE DRAFT 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW. BEFORE FILING, THE 990 WILL BE APPROVED BY A MAJORITY OF THE BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 12C BEFORE APPROVING NEW BOARD MEMBERS, POTENTIAL CONFLICTS OF INTEREST ARE CONSIDERED. ALL BOARD MEMBERS ARE PROVIDED A COPY OF THE POLICY AND ARE ANUALLY ASKED TO SIGN A CONFLICT OF INTEREST COMPLIANCE STATEMENT. FORM 990, PAGE 6, PART VI, LINE 15A SET BY THE BOARD FORM 990, PAGE 6, PART VI, LINE 15B NO COMPENSATION PAID. FORM 990, PAGE 6, PART VI, LINE 19 ALL ARE MADE AVAILABLE TO ANYONE WHO REQUESTS.