Civic Intelligence

Rockford Education Foundation

990 • Fiscal year 2016 • EIN 38-3034696

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 15, 2017

PO Box 777Rockford, MI 49341

(616) 863-6317

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

59th percentile

6.5%

Higher net margin than 59% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

39th percentile

-1.1%

Faster asset growth than 39% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

14th percentile

-25%

Faster revenue growth than 14% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$935,436

Down $10,552 (-1.1%) from 2015

Net Assets

Down

$935,436

Down $10,552 (-1.1%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$154,488

Down $51,683 (-25%) from 2015

Expenses

Up

$144,378

Up $15,506 (+12%) from 2015

Net Income

Down

$10,110

Down $67,189 (-87%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $749,437Liabilities 2011: $0Net Assets 2011: $749,4372011Assets 2012: $731,048Liabilities 2012: $0Net Assets 2012: $731,0482012Assets 2013: $785,337Liabilities 2013: $0Net Assets 2013: $785,3372013Assets 2014: $891,504Liabilities 2014: $0Net Assets 2014: $891,5042014Assets 2015: $945,988Liabilities 2015: $0Net Assets 2015: $945,9882015Assets 2016: $935,436Liabilities 2016: $0Net Assets 2016: $935,4362016Assets 2017: $940,680Liabilities 2017: $180Net Assets 2017: $940,5002017Assets 2018: $864,521Liabilities 2018: $0Net Assets 2018: $864,5212018Assets 2019: $773,282Liabilities 2019: $1,532Net Assets 2019: $771,7502019Assets 2020: $737,397Liabilities 2020: $18,737Net Assets 2020: $718,6602020Assets 2021: $848,439Liabilities 2021: $2,628Net Assets 2021: $845,8112021Assets 2022: $711,009Liabilities 2022: $1,992Net Assets 2022: $709,0172022Assets 2023: $732,974Liabilities 2023: $2,220Net Assets 2023: $730,7542023Assets 2024: $1,091,489Liabilities 2024: $2,291Net Assets 2024: $1,089,1982024

Highlighted filing

2016

Assets$935,436
Liabilities$0
Net Assets$935,436

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $207,364Expenses 2011: $103,814Net Income 2011: $103,5502011Revenue 2012: $94,659Expenses 2012: $113,048Net Income 2012: -$18,3892012Revenue 2013: $175,143Expenses 2013: $120,854Net Income 2013: $54,2892013Revenue 2014: $259,646Expenses 2014: $98,385Net Income 2014: $161,2612014Revenue 2015: $206,171Expenses 2015: $128,872Net Income 2015: $77,2992015Revenue 2016: $154,488Expenses 2016: $144,378Net Income 2016: $10,1102016Revenue 2017: $154,448Expenses 2017: $210,795Net Income 2017: -$56,3472017Revenue 2018: $164,739Expenses 2018: $271,020Net Income 2018: -$106,2812018Revenue 2019: $178,536Expenses 2019: $291,998Net Income 2019: -$113,4622019Revenue 2020: $174,630Expenses 2020: $239,049Net Income 2020: -$64,4192020Revenue 2021: $243,445Expenses 2021: $223,994Net Income 2021: $19,4512021Revenue 2022: $260,835Expenses 2022: $283,949Net Income 2022: -$23,1142022Revenue 2023: $294,328Expenses 2023: $314,686Net Income 2023: -$20,3582023Revenue 2024: $609,894Expenses 2024: $280,475Net Income 2024: $329,4192024

Highlighted filing

2016

Revenue$154,488
Expenses$144,378
Net Income$10,110
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$157,809
Mission and Program Overview

Mission

The rockford education foundation (ref) was established in 1991 to provide resources for increased educational opportunities for people of all ages in the rockford community. The ref is an independent, non-profit corporation, governed by a volunteer board of trustees from the community. Teachers, students, and community members with innovative ideas have received grants for wide-ranging, educational purposes. Large and mini grants are awarded twice annually based on the merit of the request and its ability to promote educational excellence. Special grants/endowment grants are reviewed at time of submission and determined case by case, whereas student grants can be reviewed and approved during monthly board meetings. The ref is proud to award educational grants to the rockford community.

The rockford education foundation (ref) was established in 1991 to provide resources for increased educational opportunities for people of all ages in the rockford community. The ref is an independent, non-profit corporation, governed by a volunteer board of trustees from the community. Teachers, students, and community members with innovative ideas have received grants for wide-ranging, educational purposes. Large & mini grants are awarded twice annually based on the merit of the request and its ability to promote educational excellence. Special grants/endowment grants are reviewed at time of submission and determined case by case, whereas student grants can be reviewed and approved during the monthly board meetings. The ref is proud to award educational grants to the rockford community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$913,780$924,497▲ $10,717
Cash and Non-Interest-Bearing Accounts$32,208$10,939▼ $21,269
Total Assets$945,988$935,436▼ $10,552
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$945,988$935,436▼ $10,552
Total Net Assets Fund Balance$945,988$935,436▼ $10,552
Total Liabilities and Net Assets / Fund Balance$945,988$935,436▼ $10,552
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$125,727
Program Service Revenue
$0
Investment Income
$31,703
Other Revenue
$-2,942
All Other Contributions
$88,334
Change in Net Assets
$10,110
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$79,200
Other Expenses$65,178
Total Fundraising Expense$33,399
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$79,200--$79,200
Fees for Services Management$5,443$20,652$24,773$50,868
Office Expenses-$2,912$2,567$5,479
Advertising-$39$3,826$3,865
Fees for Services Accounting-$1,580-$1,580
Information Technology--$982$982
Other Expenses-$257$39$296
All Other Expenses--$247$247
Fees for Service Investment Mgmnt Fees-$150-$150
Conferences and Meetings--$40$40
Travel-$10-$10
Total Functional Expenses$84,643$26,336$33,399$144,378
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rockford Public SchoolsRockford, MI115Teach/student Grants$64,047
Equest CenterRockford, MI509a2Educational Program$10,000
Our Lady of Consolation SchoolRockford, MI-Teacher Grants$5,153
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$3,321
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Foundation for$32,709-$1,063-
Total Events$32,709-$3,321$-3,321
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The rockford education foundation (ref) engages a cpa firm with nonprofit experience to assist with the preparation of the form 990. The finance committee reviews the form 990 prior to filing, and it is made available to all ref trustees.

Form 990, Page 6, Part VI, Line 12C

The rockford education foundation's (ref's) conflict of interest policy states that any member of its board of trustees, executive director or staff will disclose to the board chair any personal interests in any matter pending before ref and shall refrain from participation in any discussion or decision on such matter. Any new trustee is given the conflict of interest policy at the time of their election, and the entire board of trustees reviews the policy and disclosures annually.

Form 990, Page 6, Part VI, Line 19

The foundation will make available, upon request, copies of its governing documents, conflict of interest policy, and the form 990 and related schedules, as required to be made available.

Filing and Contact Details

Filer

Filer Name
Rockford Education Foundation
EIN
38-3034696
Phone
6168636317
Address
PO BOX 777, ROCKFORD, MI 49341

Signing Officer

Name
Kelly Timmer
Title
Trustee
Phone
6168636317
Signed
2017-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly Timmer
Formed
1991
Legal Domicile
Mi
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
100

Preparer

Firm
Andrews Hooper Pavlik Plc
Address
2311 EAST BELTLINE AVE SE STE 200, GRAND RAPIDS, MI 49546
Preparer
Lindsey R Laber
Phone
6169426440
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The rockford education foundation (ref) was established in 1991 to provide resources for increased educational opportunities for people of all ages in the rockford community. The ref is an independent, non-profit corporation, governed by a volunteer board of trustees from the community. Teachers, students, and community members with innovative ideas have received grants for wide-ranging, educational purposes. Large & mini grants are awarded twice annually based on the merit of the request and its ability to promote educational excellence. Special grants/endowment grants are reviewed at time of submission and determined case by case, whereas student grants can be reviewed and approved during the monthly board meetings. The ref is proud to award educational grants to the rockford community.

Form 990

All lines left blank are not applicable to the organization.

Form 990, Page 2, Part III, Line 4A

To benefit their respective school and education whereas the majority of grants are requested by professional educators.

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IRS990/MissionDesc0THE ROCKFORD EDUCATION FOUNDATION (REF) WAS ESTABLISHED IN 1991 TO PROVIDE RESOURCES FOR INCREASED EDUCATIONAL OPPORTUNITIES FOR PEOPLE OF ALL AGES IN THE ROCKFORD COMMUNITY. THE REF IS AN INDEPENDENT, NON-PROFIT CORPORATION, GOVERNED BY A VOLUNTEER BOARD OF TRUSTEES FROM THE COMMUNITY. TEACHERS, STUDENTS, AND COMMUNITY MEMBERS WITH INNOVATIVE IDEAS HAVE RECEIVED GRANTS FOR WIDE-RANGING, EDUCATIONAL PURPOSES. LARGE & MINI GRANTS ARE AWARDED TWICE ANNUALLY BASED ON THE MERIT OF THE REQUEST AND ITS ABILITY TO PROMOTE EDUCATIONAL EXCELLENCE. SPECIAL GRANTS/ENDOWMENT GRANTS ARE REVIEWED AT TIME OF SUBMISSION AND DETERMINED CASE BY CASE, WHEREAS STUDENT GRANTS CAN BE REVIEWED AND APPROVED DURING THE MONTHLY BOARD MEETINGS. THE REF IS PROUD TO AWARD EDUCATIONAL GRANTS TO THE ROCKFORD COMMUNITY.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 514
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt019157
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0176464
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt08606
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IRS990ScheduleA/InvestmentIncomePYPct00.23000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0740681
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FOUNDATION FOR
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TEACH/STUDENT GRANTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1EDUCATIONAL PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TEACHER GRANTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ROCKFORD PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1EQUEST CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2OUR LADY OF CONSOLATION SCHOOL
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt24865 11 MILE RD NE
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ROCKFORD EDUCATION FOUNDATION (REF) AWARDS GRANT DOLLARS TO EDUCATIONAL PROGRAMMING WITHIN THE ROCKFORD COMMUNITY BASED ON A REIMBURSEMENT PROCESS. ALL GRANTS ARE AWARDED AFTER REVIEW OF APPLICATIONS AND ENSURING THE GRANT MEETS THE REQUIREMENTS OF THE REF GRANT GUIDELINES. ONCE THE APPLICATION IS APPROVED BY THE REF BOARD OF TRUSTEES THE APPLICANTS ARE NOTIFIED INITIALLY VIA A GENERAL EMAIL FOLLOWED UP BY DETAILED APPROVAL IN A LETTER THAT IS SENT TO THEM THROUGH THE ROCKFORD PUBLIC SCHOOLS (RPS) INTERNAL MAIL OR U.S. POSTAL SERVICE IF A NON-RPS GRANT. RPS GRANTS ARE MONITORED VIA TWO DIFFERENT PROCESSES. UNIQUE TO RPS AWARDED GRANTS, ITEMS PURCHASED AS A RESULT OF AN AWARDED GRANT ARE PURCHASED BY RPS AND THEN RPS INVOICES REF TO REIMBURSE THE SCHOOL DISTRICT. SECONDLY, SIMILAR TO GRANTS OUTSIDE OF THE RPS (PAROCHIAL OR COMMUNITY GROUP) THE GRANTEE PURCHASES ITEMS WITH THEIR PERSONAL FUNDS, PROVIDES REF WITH RECEIPTS AND/OR PROOF OF PAYMENT, THEN THE REF WILL REIMBURSE THE GRANT APPLICANT FOR THE PURCHASED ITEMS PERTAINING TO THE APPROVED GRANT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt03
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ROCKFORD EDUCATION FOUNDATION (REF) WAS ESTABLISHED IN 1991 TO PROVIDE RESOURCES FOR INCREASED EDUCATIONAL OPPORTUNITIES FOR PEOPLE OF ALL AGES IN THE ROCKFORD COMMUNITY. THE REF IS AN INDEPENDENT, NON-PROFIT CORPORATION, GOVERNED BY A VOLUNTEER BOARD OF TRUSTEES FROM THE COMMUNITY. TEACHERS, STUDENTS, AND COMMUNITY MEMBERS WITH INNOVATIVE IDEAS HAVE RECEIVED GRANTS FOR WIDE-RANGING, EDUCATIONAL PURPOSES. LARGE & MINI GRANTS ARE AWARDED TWICE ANNUALLY BASED ON THE MERIT OF THE REQUEST AND ITS ABILITY TO PROMOTE EDUCATIONAL EXCELLENCE. SPECIAL GRANTS/ENDOWMENT GRANTS ARE REVIEWED AT TIME OF SUBMISSION AND DETERMINED CASE BY CASE, WHEREAS STUDENT GRANTS CAN BE REVIEWED AND APPROVED DURING THE MONTHLY BOARD MEETINGS. THE REF IS PROUD TO AWARD EDUCATIONAL GRANTS TO THE ROCKFORD COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL LINES LEFT BLANK ARE NOT APPLICABLE TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO BENEFIT THEIR RESPECTIVE SCHOOL AND EDUCATION WHEREAS THE MAJORITY OF GRANTS ARE REQUESTED BY PROFESSIONAL EDUCATORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ROCKFORD EDUCATION FOUNDATION (REF) ENGAGES A CPA FIRM WITH NONPROFIT EXPERIENCE TO ASSIST WITH THE PREPARATION OF THE FORM 990. THE FINANCE COMMITTEE REVIEWS THE FORM 990 PRIOR TO FILING, AND IT IS MADE AVAILABLE TO ALL REF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ROCKFORD EDUCATION FOUNDATION'S (REF'S) CONFLICT OF INTEREST POLICY STATES THAT ANY MEMBER OF ITS BOARD OF TRUSTEES, EXECUTIVE DIRECTOR OR STAFF WILL DISCLOSE TO THE BOARD CHAIR ANY PERSONAL INTERESTS IN ANY MATTER PENDING BEFORE REF AND SHALL REFRAIN FROM PARTICIPATION IN ANY DISCUSSION OR DECISION ON SUCH MATTER. ANY NEW TRUSTEE IS GIVEN THE CONFLICT OF INTEREST POLICY AT THE TIME OF THEIR ELECTION, AND THE ENTIRE BOARD OF TRUSTEES REVIEWS THE POLICY AND DISCLOSURES ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION WILL MAKE AVAILABLE, UPON REQUEST, COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FORM 990 AND RELATED SCHEDULES, AS REQUIRED TO BE MADE AVAILABLE.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.61$0.28$0.33
2023Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.29$0.31$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.26$0.28$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.24$0.22$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.74$0.02$0.72$0.17$0.24$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$0.18$0.29$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.16$0.27$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$0.15$0.21$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$0.15$0.14$0.01
2015Summary only. Only limited summary data is available for this year.$0.95$0.00$0.95$0.21$0.13$0.08
2014Summary only. Only limited summary data is available for this year.$0.89$0.00$0.89$0.26$0.10$0.16
2013Summary only. Only limited summary data is available for this year.$0.79$0.00$0.79$0.18$0.12$0.05
2012Summary only. Only limited summary data is available for this year.$0.73$0.00$0.73$0.09$0.11$0.02
2011Summary only. Only limited summary data is available for this year.$0.75$0.00$0.75$0.21$0.10$0.10
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $500k-$1M nonprofits