Nonprofit · EIN 41-1847315
RIDGEWATER COLLEGE FOUNDATION
Tax-exempt · WILLMAR, MN 56201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,380,782 | $1,240,788 | $139,994 | $4,551,534 | $208,300 | $4,343,234 |
| June 30, 2024 | 990 | $1,859,802 | $1,588,194 | $271,608 | $4,382,479 | $206,531 | $4,175,948 |
| June 30, 2023 | 990 | $2,719,233 | $1,768,311 | $950,922 | $4,096,939 | $244,488 | $3,852,451 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,080,116
- Program service revenue
- $0
- Investment income
- $300,666
- Net gain from sales of assets
- $212,138
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $931,675
- Compensation of officers, directors and key employees
- $51,447
- Other salaries and wages
- $203,834
- Salaries, compensation and benefits (total)
- $255,281
- Professional fundraising fees
- $0
- Accounting fees
- $12,725
- Occupancy
- $6,500
- Travel
- $2,278
- Program services (functional)
- $931,675
- Management and general (functional)
- $264,199
- Fundraising (functional)
- $44,914
Balance sheet and other
- Total assets, start of year
- $4,382,479
- Total assets, end of year
- $4,551,534
- Total liabilities, end of year
- $208,300
- Net assets, end of year
- $4,343,234
- Publicly traded securities
- $4,413,281
- Net assets without donor restrictions
- $397,911
- Net assets with donor restrictions
- $3,945,323
- Gross receipts
- $2,598,438
- Employees
- 0
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| KELLY MAGNUSON | FOUNDATION M Officer | 10 | $35,989 | $107,968 |
| MANDY BALDRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATIE BRUNS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMBER ERICKSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH GASSER | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| STU GIERE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KRISTI HAEFNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANE JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIKA KELLEN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JAMES MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LESLIE VALIANT | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| KELLY MAGNUSON | FOUNDATION M Officer | 10 | $32,334 | $97,002 |
| MANDY BALDRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMBER ERICKSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH GASSER | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| STU GIERE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KRISTI HAEFNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANE JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIKA KELLEN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JAMES MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LESLIE VALIANT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR MIKE WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| KELLY MAGNUSON | FOUNDATION M Officer | 10 | $31,013 | $93,040 |
| MANDY BALDRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMBER ERICKSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH GASSER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STU GIERE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRISTI HAEFNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHANE JOHNSON | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| ERIKA KELLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIANE KNORR | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| COLLEEN THOMPSON MICHAELS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOE NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LESLIE VALIANT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR MIKE WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2101 15TH AVE NW, WILLMAR, MN 56201-3096
- Principal officer (990 for 2024)
- ERIKA KELLEN, 20670 BELLE LAKE RD, HUTCHINSON, MN 55350
- Signed the 990
- ERIKA KELLEN, PRESIDENT
- Phone
- (320) 222-6095
- Website
- WWW.RIDGEWATER.EDU
- Return prepared by
- WESTBERG-EISCHENS PLLP
Mission
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.
Program accomplishments
- ALL SUPPORT PROVIDED TO RIDGEWATER COLLEGE INCLUDING SCHOLARSHIPS, IN-KIND GIFTS, AND FUNDING FOR COLLEGE PROGRAMS.Expenses $931,675 · grants $931,675
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1847315
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82B)
- Assets (IRS master file)
- $4,551,534
- Income (IRS master file)
- $2,598,438
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,380,782 | $1,240,788 | $4,551,534 | XML |
| 990 | June 2024 | $1,859,802 | $1,588,194 | $4,382,479 | XML |
| 990 | June 2023 | $2,719,233 | $1,768,311 | $4,096,939 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1847315).
Questions about RIDGEWATER COLLEGE FOUNDATION
- What is the EIN of RIDGEWATER COLLEGE FOUNDATION?
- The employer identification number (EIN) of RIDGEWATER COLLEGE FOUNDATION is 41-1847315.
- Is RIDGEWATER COLLEGE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to RIDGEWATER COLLEGE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RIDGEWATER COLLEGE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RIDGEWATER COLLEGE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RIDGEWATER COLLEGE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RIDGEWATER COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 names ERIKA KELLEN.
- Who are the officers and directors of RIDGEWATER COLLEGE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization, the highest $35,989 (KELLY MAGNUSON, FOUNDATION M).
- How much revenue does RIDGEWATER COLLEGE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,380,782, expenses of $1,240,788 and total assets of $4,551,534 at year end.
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