Civic Intelligence

Rockford Education Foundation

990 • Fiscal year 2018 • EIN 38-3034696

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 11, 2019

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

27th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.00x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

5th percentile

-65%

Higher net margin than 5% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

20th percentile

-8.1%

Faster asset growth than 20% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

55th percentile

6.7%

Faster revenue growth than 55% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$864,521

Down $76,159 (-8.1%) from 2017

Net Assets

Down

$864,521

Down $75,979 (-8.1%) from 2017

Liabilities

Down

$0

Down $180 (-100%) from 2017

Revenue

Up

$164,739

Up $10,291 (+6.7%) from 2017

Expenses

Up

$271,020

Up $60,225 (+29%) from 2017

Net Income

Down

-$106,281

Down $49,934 (-89%) from 2017

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

2018

Assets$864,521
Liabilities$0
Net Assets$864,521

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

2018

Revenue$164,739
Expenses$271,020
Net Income-$106,281
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 11, 2019
Return Version
2017v2.3
Gross Receipts
$186,506
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$940,680$859,855▼ $80,825
Cash and Non-Interest-Bearing Accounts-$4,666-
Total Assets$940,680$864,521▼ $76,159
Liabilities
Accounts Payable and Accrued Expenses$180--
Total Liabilities$180$0▼ $180
Net Assets / Fund Balance
Unrestricted Net Assets$940,500$864,521▼ $75,979
Total Net Assets Fund Balance$940,500$864,521▼ $75,979
Total Liabilities and Net Assets / Fund Balance$940,680$864,521▼ $76,159
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brian KrausChairperson
Beth DornanPast Chairpe
Bobbi Jo BlantonVice Chairpe
Amy VancilTrustee
Catherine BehrendtTrustee
Duncan PurvisTrustee
Jenn DavisTrustee
Jeremy AmsheyTrustee
Jill EricksenTrustee
Kelsey SchultzTrustee
Nancy JeskoTrustee
Sandy BuchanichTrustee
Scott GerhardtTrustee
Jill SilvermanExecutive Di
Joane VanluvenSecretary
Kelly TimmerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$136,071
Program Service Revenue
$0
Investment Income
$36,308
Other Revenue
$-7,640
All Other Contributions
$77,500
Change in Net Assets
$-106,281
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$161,578
Other Expenses$109,442
Total Fundraising Expense$49,431
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$161,578--$161,578
Fees for Services Management$9,459$35,893$43,054$88,406
Fees for Service Investment Mgmnt Fees-$7,231-$7,231
Information Technology-$1,659$2,516$4,175
Office Expenses-$3,165-$3,165
Advertising--$2,961$2,961
Fees for Services Accounting-$1,500-$1,500
Other Expenses-$60$900$60
Total Functional Expenses$171,037$50,552$49,431$271,020
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rockford Public SchoolsRockford, MI115Teach/student Grants$161,578
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$21,767
Fundraising Gross Income$14,070
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Aim for Educati$24,125$7,110$1,127$5,983
The Taste of Ro$42,331$6,960$4,056$2,904
Total Events$66,456$14,070$21,267$-7,197
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
Scott Gerhardt
Title
Trustee
Phone
6168636317
Signed
2019-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Gerhardt
Formed
1991
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
75

Preparer

Firm
Andrews Hooper Pavlik Plc
Address
2311 EAST BELTLINE AVE SE STE 200, GRAND RAPIDS, MI 49546
Preparer
Eric a Ryan
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/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
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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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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt03890
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IRS990/OtherExpensesGrp/Desc1PROFESSIONAL DEVELOPMENT
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01044
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt160
IRS990/OtherExpensesGrp/TotalAmt01944
IRS990/OtherExpensesGrp/TotalAmt160
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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt057
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IRS990/OtherRevenueTotalAmt057
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0SCOTT GERHARDT
IRS990/ProfessionalFundraisingInd0false
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IRS990/PYExcessBenefitTransInd0false
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IRS990/PYTotalRevenueAmt0154448
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
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IRS990/ReconcilationRevenueExpnssAmt0-106281
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME 1,466
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt091620
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt031703
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt056862
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt038877
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0189395
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt014070
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05304
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt019374
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt08606
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt08606
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt036308
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt025645
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt031703
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt056862
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt038877
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0189395
IRS990ScheduleA/InvestmentIncomeCYPct00.22000
IRS990ScheduleA/InvestmentIncomePYPct00.23000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt057
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0379
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01466
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.77710
IRS990ScheduleA/PublicSupportPY509Pct00.76680
IRS990ScheduleA/PublicSupportTotal509Amt0665247
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0150141
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0139844
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0125727
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0157915
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt091620
IRS990ScheduleA/Total509Grp/TotalAmt0665247
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0186506
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0166519
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0157809
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0214777
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0130497
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0856108
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt01230
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt0250
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt01480
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt052386
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt035371
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt017015
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt021267
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt01200
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt01200
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0THE TASTE OF RO
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0AIM FOR EDUCATI
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02028
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0245
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02273
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt042331
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt024125
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt066456
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt06960
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt07110
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-7197
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt01421
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt01421
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05183
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04056
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01127
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt01000
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt08710
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt09710
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0161578
IRS990ScheduleI/RecipientTable/IRCSectionDesc0115
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TEACH/STUDENT GRANTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ROCKFORD PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientEIN0386001986
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0350 N MAIN ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ROCKFORD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049341
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/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0940680

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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