2024-05-15T09:02:12-05:00 2023-06-30 363168081 SIKICH LLC 17335 GOLF PARKWAY SUITE 500 BROOKFIELD WI 53045 990 2022-07-01 363037232 ROCK VALLEY COLLEGE FOUNDATION ROCK 8159214505 3301 NORTH MULFORD ROAD ROCKFORD IL 61114 ROBERT STENSTROM PRESIDENT 8159214505 2024-05-14 1 ROBERT STENSTROM 999009999 1 HEATHER BONIFAS CPA P01711657 2627549400 2024-05-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRITTANY FREIBERG 3301 NORTH MULFORD ROAD ROCKFORD IL 61114 2197360 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 17 0 0 1784543 1411010 0 0 442835 614840 0 0 2227378 2025850 541838 612074 0 0 228504 323433 0 0 117170 201942 191724 972284 1127231 1255094 898619 15832349 17892333 198608 787270 15633741 17105063 X THE ROCK VALLEY COLLEGE FOUNDATION PROVIDES SUPPORT TO ROCK VALLEY COLLEGE. CONTRIBUTIONS TO THE COLLEGE INCLUDE GRANTS TO VARIOUS DEPARTMENTS, FUNDING FOR SCHOLARSHIPS TO ROCK VALLEY COLLEGE STUDENTS, AND TRANSFERS OF NON-CASH DONATIONS TO APPROPRIATE DEPARTMENTS. 0 0 464572 464572 FOUNDATION SCHOLARSHIPS AND EMERGENCY RELIEF AWARDS WERE GIVEN TO 245 STUDENTS ATTENDING ROCK VALLEY COLLEGE DURING THE YEAR ENDING JUNE 30, 2023 TOTALING $464,572. 147502 147502 CONTRIBUTIONS TO ROCK VALLEY COLLEGE DURING THE YEAR ENDED JUNE 30, 2023 TOTALING $147,502. THE ROCK VALLEY COLLEGE FOUNDATION RAISED CRITICAL SUPPORT FOR STUDENT SCHOLARSHIPS, PROGRAM SUPPORT, AND UNRESTRICTED SUPPORT. THE MISSION OF THE FOUNDATION REMAINS STRONG AND COMMITTED TO ENHANCING THE STUDENT EXPERIENCE WHILE WORKING DILIGENTLY TO REMOVE FINANCIAL BARRIERS THAT OFTEN STAND BETWEEN OUR STUDENTS AND A PROMISING CAREER AND FUTURE. 45348 ALL OTHER PROGRAMS 45348 657422 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 4 0 0 0 0 0 0 0 0 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 LORAYNE LOGAN VICE PRESIDENT (THRU MAR-23) 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 LESLY COUPER MEMBER 2.00 X 0 0 0 MICHAEL DAVIS MEMBER (THRU APR-23) 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 TWYNING MEMBER 2.00 X 0 0 0 JAMES WADDELL MEMBER 2.00 X 0 0 0 JOHN WOLF MEMBER / VICE PRESIDENT 2.00 X X 0 0 0 BRITTANY FREIBERG CHIEF DEVELOPMENT OFFICER 40.00 X 0 0 0 ELLEN OLSON TREASURER 2.00 X 0 0 0 SARAH SHUMWAY ASSISTANT TREASURER 14.00 X 0 0 0 0 0 0 0 0 0 1 0 1411010 66354 1411010 678838 678838 107512 171510 -63998 -63998 -63998 2025850 0 0 614840 147502 147502 464572 464572 323433 16172 203763 103498 67194 67194 11790 11790 15 15 22924 1350 12887 8687 24752 24752 2015 2015 10410 5425 4985 ADMINISTRATIVE FEES 52624 27826 24798 1127231 657422 352639 117170 708255 1682758 349130 248611 14774964 15960964 15832349 17892333 62 288 198546 786982 198608 787270 X 4352575 5110588 11281166 11994475 15633741 17105063 15832349 17892333 898619 572703 0 X X 0 1 X 1 0 X 1041460 881812 560937 1784543 1411010 5679762 48244 45577 50002 50998 41006 235827 1089704 927389 610939 1835541 1452016 5915589 840758 5074831 455060 400233 760571 420621 678838 2715323 11908 11908 8642820 0.58720 0.60230 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENT - 2018 AMOUNT: $ 11,908. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7353228 115007 693890 375555 7786570 8512789 167387 -1007582 319366 7353228 6706345 50589 2039826 283971 8512789 7027303 133097 -190594 263461 6706345 7046849 77295 177646 274487 7027303 0.19271 0.42102 0.38627 0 0 0 DUE TO ROCK VALLEY COLLEGE - GENERAL OPERATING 289554 DUE TO ROCK VALLEY COLLEGE - CAMPAIGN PAYABLE 5000 DUE TO ROCK VALLEY COLLEGE - PROGRAM PAYABLE 23701 DUE TO ROCK VALLEY COLLEGE - SCHOLARSHIPS PAYABLE 468727 786982 X 2572365 572703 41006 613709 1958656 67194 67194 2025850 1101043 41006 41006 1060037 67194 67194 1127231 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 2023, 2022, OR 2021. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE FOUNDATION FILES VARIOUS FEDERAL OR STATE NON-PROFIT TAX RETURNS. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2020. 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 78980 66354 FMV VARIOUS SUPPLIES AND EQUIPMENT IN SUPPORT OF RVC TO SUPPORT VARIOUS COLLEGE DEPARTMENTS AND PROGRAMS. 1 SCHOLARSHIPS 217 455931 BOOK STUDENT RELIEF AWARDS 28 8641 BOOK 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 2022: BRITTANY FREIBERG (CHIEF DEVELOPMENT OFFICER) A BASE SALARY OF 90,671 AND NON-TAXABLE BENEFITS OF 33,728. ELLEN OLSON (TREASURER) A BASE SALARY OF 7,138 AND NON-TAXABLE BENEFITS OF 43. SARAH SHUMWAY (ASSISTANT TREASURER) A BASE SALARY OF 22,978 AND NON-TAXABLE BENEFITS OF 7,608. X 3510 DONOR ESTIMATED VALUE X 1 200 DONOR ESTIMATED VALUE X 4 1644 DONOR ESTIMATED VALUE X TOOLS AND TOOL STORAGE 2 61000 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