Red Lake Nation College
- Assets
- $11.0m
- Revenue
- $17.3m
- Investments
- $0.0
- Employees
- 65
- Location
- Red Lake, MN
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 26-3031521
Organization Overview
Red Lake Nation College is located in Red Lake, MN. The organization was established in 2010. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 12/2021, Red Lake Nation College employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Lake Nation College 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 12/2021, Red Lake Nation College generated $17.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.0% each year . All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 19.5% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF RED LAKE NATION COLLEGE IS TO PROVIDE EXCELLENT HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OFFERS TWO YEAR LIBERAL ARTS DEGREES THROUGH COMPLETION OF GENERAL EDUCATION COURSES. STUDENTS CAN THEN TRANSFER TO ANOTHER INSTITUTION IF THEY CHOOSE TO PURSUE A HIGHER DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan King President | Officer | 40 | $172,315 |
Tami Niswander Chief Financial Officer | Officer | 40 | $92,368 |
Mandy Schram Vice President Of Academic | Officer | 40 | $91,058 |
Dell M Johnson Treasurer | Trustee | 4 | $9,550 |
Donovan English Board Member | Trustee | 4 | $9,000 |
Delwyn Holthusen Jr Board Member | Trustee | 4 | $9,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,975,002 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,680 |
| Noncash contributions included in lines 1a–1f | $487 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,016,682 |
| Total Program Service Revenue | $209,255 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,279,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $479,558 |
| Compensation of current officers, directors, key employees. | $377,962 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,539,296 |
| Pension plan accruals and contributions | $107,762 |
| Other employee benefits | $346,834 |
| Payroll taxes | $153,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,189 |
| Fees for services: Accounting | $608 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $346,654 |
| Advertising and promotion | $0 |
| Office expenses | $10,828 |
| Information technology | $167,662 |
| Royalties | $0 |
| Occupancy | $185,702 |
| Travel | $83,761 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,569 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,907 |
| Insurance | $0 |
| All other expenses | $176,300 |
| Total functional expenses | $4,701,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,001,399 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $580,267 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,290 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,359,703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,975,659 |
| Accounts payable and accrued expenses | $369,735 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $369,735 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $4,359,703 |
| Retained earnings, endowment, accumulated income, or other funds | $6,246,221 |
| Total liabilities and net assets/fund balances | $10,975,659 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Red Lake Nation College has recieved totaling $165,375.
| Awarding Organization | Amount |
|---|---|
American Indian College Fund Denver, CO PURPOSE: OPERATIONAL/PROGRAM SUPPORT | $70,742 |
Otto Bremer Trust St Paul, MN PURPOSE: TECHNOLOGY LEARNING | $50,000 |
Ascendium Education Solutions Inc Madison, WI PURPOSE: Project Success Emergency Aid and Paid Internship Program | $44,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cankdeska Cikana Community College Fort Totten, ND | $31,882,184 | $15,734,265 |
College Of The Menominee Nation Keshena, WI | $15,783,806 | $11,637,458 |
Lac Courte Oreilles Ojibwe College Hayward, WI | $16,000,980 | $10,229,989 |
Red Lake Nation College Red Lake, MN | $10,975,659 | $17,279,436 |
Kirkwood Community College Foundation Cedar Rapids, IA | $43,540,342 | $11,748,704 |
Southeastern Community College Foundation West Burlington, IA | $16,375,654 | $3,936,639 |
Indian Hills Community College Foundation Ottumwa, IA | $33,459,627 | $8,575,991 |
Lake Region Community College Foundation Of Devils Lake Devils Lake, ND | $13,641,556 | $1,219,808 |
Century College Foundation White Bear Lake, MN | $6,516,249 | $2,262,212 |
Hawkeye Community College Foundation Waterloo, IA | $15,853,413 | $2,723,204 |
Chippewa Valley Technical College Foundation Inc Eau Claire, WI | $5,540,693 | $406,429 |
Fergus Area College Foundation Fergus Falls, MN | $6,608,917 | $750,954 |