Riverland Community College Foundation
- Assets
- $4.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 1
- Location
- Austin, MN
- Founding
- 01/1977
- Data as of
- 06/2023
- EIN
- 41-1286409
Organization Overview
Riverland Community College Foundation is located in Austin, MN. The organization was established in 1977. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverland Community College Foundation 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 06/2023, Riverland Community College Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $2.3m during the year ending 06/2023. While expenses have increased by 16.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ENGAGED IN THE OPERATION OF RAISING FUNDS TO SUPPORT, AND PROMOTE EDUCATIONAL AND ATHLETIC PROGRAMS FOR RIVERLAND COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - THE FOUNDATION IS A VOLUNTARY NOT FOR PROFIT CORPORATION ENGAGED IN THE OPERATION OF RAISING MONIES FOR GRANTING SCHOLARSHIPS TO STUDENTS ATTENDING RIVERLAND COMMUNITY COLLEGE.
STUDENT SERVICES - THE FOUNDATION ASSISTS CURRENT AND PAST STUDENTS OF RIVERLAND COMMUNITY COLLEGE FOUNDATION BY PROVIDING COLLEGE HOUSING, RAISING FUNDS, AND COMMUNICATING THE OPPORTUNIITIES AND ASSISTANCE AVAILABLE TO STUDENTS.
THEATRE - THE FOUNDATION IS ENGAGED IN SUPPORTING VARIOUS THEATRE GROUPS TO ENRICH THE ARTS AND PROGRAMS AT RIVERLAND COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Myers PHD Past President | OfficerTrustee | 2 | $0 |
Geoff Smith President | OfficerTrustee | 2 | $0 |
Susie Petersen Secretary | OfficerTrustee | 2 | $0 |
Alice Holst Treasurer | OfficerTrustee | 2 | $0 |
Joe Effertz Director | Trustee | 1 | $0 |
Catherine Buboltz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,321,100 |
| Noncash contributions included in lines 1a–1f | $85,886 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,321,100 |
| Total Program Service Revenue | $74,987 |
| Investment income | $83,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $142,272 |
| Net Gain/Loss on Asset Sales | $1,547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,623,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,522,704 |
| Grants and other assistance to domestic individuals. | $596,751 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,373 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,042 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,532 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,409 |
| All other expenses | $20,536 |
| Total functional expenses | $2,280,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,167 |
| Savings and temporary cash investments | $451,623 |
| Pledges and grants receivable | $210,000 |
| Accounts receivable, net | $78,462 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,438 |
| Net Land, buildings, and equipment | $639,202 |
| Investments—publicly traded securities | $3,063,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,900 |
| Total assets | $4,722,816 |
| Accounts payable and accrued expenses | $86,630 |
| Grants payable | $0 |
| Deferred revenue | $55,975 |
| 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 | $142,605 |
| Net assets without donor restrictions | $1,358,864 |
| Net assets with donor restrictions | $3,221,347 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,722,816 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverland Community College Foundation Austin, MN | $4,722,816 | $2,623,039 |
Northern Sun Intercollegiate Conference Burnsville, MN | $3,106,235 | $1,238,039 |
Catholic Athletic Association St Paul, MN | $538,476 | $295,684 |
Albia Booster Club Albia, IA | $210,048 | $226,729 |
Bettendorf Schools Parents And Athletic Boosters Inc Bettendorf, IA | $175,761 | $142,641 |
Oconomowoc Sports Booster Club Inc Oconomowoc High School Oconomowoc, WI | $117,237 | $0 |
Boone Hi Booster Club Boone, IA | $78,824 | $155,068 |
Oak Creek Quarterback Club Oak Creek, WI | $17,678 | $0 |
Center Ice Club Foundation Inc Eau Claire, WI | $195,480 | $0 |
Grafton Athletic Booster Club Inc Grafton, WI | $99,774 | $0 |