Rockford University

Organization Overview

Rockford University is located in Rockford, IL. The organization was established in 1937. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Rockford University employed 633 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockford University 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 06/2021, Rockford University generated $42.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $39.7m during the year ending 06/2021. While expenses have increased by 2.1% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO EDUCATE MEN & WOMEN TO LEAD RESPONSIBLE LIVES BY MEANS OF A CURRICULUM GROUNDED IN LIBERAL ARTS LEARNING AND COMPLEMENTED AND EXTENDED BY PROFESSIONAL AND PRACTICAL EXPERIENCE. THROUGH THE TOTAL ACADEMIC AND CO-CURRICULAR EXPERIENCE, ROCKFORD UNIVERSITY STRIVES TO PREPARE STUDENTS FOR FULFILLING LIVES, CAREERS AND PARTICIPATION IN A MODERN AND CHANGING GLOBAL SOCIETY.

Describe the Organization's Program Activity:

FOUR YEAR GRADUATE AND UNDERGRADUATE COLLEGE IN ROCKFORD, IL.


OPERATIONS AND MAINTENANCE OF PLANT FOR FOUR YEAR GRADUATE AND UNDERGRADUATE UNIVERSITY.


AUXILIARY ENTERPRISES (RESIDENCE HALLS AND DINING SERVICES)


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Board, Officers & Key Employees

Name (title)Compensation
Eric W Fulcomer
President
$295,092
Lisa Custardo
VP Finance & CFO
$143,221
Michael Perry
Provost & VP Academic Affairs
$127,622
Stephen Kull
VP For Advancement
$126,628
Randy Worden
VP Student Life & Dean Of
$117,800
Christina Anderson
Sr Vp, Professor
$105,625

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Commercial Mechanical Inc
Construction
$1,102,404
Scandroli Construction Company
Construction
$2,102,795
Ruffalo Noel Levitz
Enrollment Services
$381,326
Sodexo
Campus Operations & Maintenance And Food
$2,732,171
Ceroni Piping Company
Hvac & Plumbing Services
$286,716
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,140,764
All other contributions, gifts, grants, and similar amounts not included above$1,517,185
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,657,949
Total Program Service Revenue$36,352,116
Investment income $219,688
Tax Exempt Bond Proceeds $0
Royalties $81,295
Net Rental Income $0
Net Gain/Loss on Asset Sales $158,820
Net Income from Fundraising Events $31,283
Net Income from Gaming Activities $2,415
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $42,582,169

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Rockford University has recieved totaling $16,000.

Awarding OrganizationAmount
Rydell Family Foundation

Rockford, IL

PURPOSE: EDUCATIONAL

$10,000
Richard G Wood Forreston High School Scholarship Fund

Rockford, IL

PURPOSE: SCHOLARSHIP DISTRIBUTION

$6,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,322,304
Earnings$2,518,334
Net Contributions$190,947
Other Expense-$252,550
Grants$8,700
Ending Balance$12,275,435

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