Civic Intelligence

Riverland Community College Foundation

990 • Fiscal year 2017 • EIN 41-1286409

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 09, 2017

Organization ProfileWWW.RIVERLAND.EDU/FOUNDATION
1900 8th Avenue NWAustin, MN 55912

(507) 433-0695

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.11x

Higher debt load relative to assets than 53% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

75th percentile

0.41x

Higher debt load relative to revenue than 75% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

50th percentile

3.0%

Higher net margin than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

45th percentile

1.8%

Faster asset growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

6th percentile

-40%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$3,390,975

Up $58,677 (+1.8%) from 2016

Net Assets

Up

$3,003,722

Up $83,443 (+2.9%) from 2016

Liabilities

Down

$387,253

Down $24,766 (-6.0%) from 2016

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin50th percentile

Revenue

Down

$945,116

Down $633,545 (-40%) from 2016

Expenses

Down

$916,578

Down $317,581 (-26%) from 2016

Net Income

Down

$28,538

Down $315,964 (-92%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,101,160Liabilities 2011: $675,363Net Assets 2011: $1,425,7972011Assets 2012: $2,158,888Liabilities 2012: $601,554Net Assets 2012: $1,557,3342012Assets 2013: $2,526,508Liabilities 2013: $526,950Net Assets 2013: $1,999,5582013Assets 2014: $2,774,542Liabilities 2014: $485,248Net Assets 2014: $2,289,2942014Assets 2015: $3,031,514Liabilities 2015: $475,803Net Assets 2015: $2,555,7112015Assets 2016: $3,332,298Liabilities 2016: $412,019Net Assets 2016: $2,920,2792016Assets 2017: $3,390,975Liabilities 2017: $387,253Net Assets 2017: $3,003,7222017Assets 2018: $3,483,545Liabilities 2018: $344,517Net Assets 2018: $3,139,0282018Assets 2019: $3,479,076Liabilities 2019: $308,346Net Assets 2019: $3,170,7302019Assets 2020: $3,541,634Liabilities 2020: $251,375Net Assets 2020: $3,290,2592020Assets 2021: $4,203,228Liabilities 2021: $249,285Net Assets 2021: $3,953,9432021Assets 2022: $4,544,987Liabilities 2022: $387,584Net Assets 2022: $4,157,4032022Assets 2023: $4,722,816Liabilities 2023: $142,605Net Assets 2023: $4,580,2112023Assets 2024: $5,561,315Liabilities 2024: $110,782Net Assets 2024: $5,450,5332024

Highlighted filing

2017

Assets$3,390,975
Liabilities$387,253
Net Assets$3,003,722
Open 2017 Filing

Operations Trend

Revenue Growth6th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2011: $384,5802011Expenses 2012: $523,4352012Revenue 2013: $1,050,602Expenses 2013: $666,260Net Income 2013: $384,3422013Revenue 2014: $787,486Expenses 2014: $649,567Net Income 2014: $137,9192014Revenue 2015: $1,211,887Expenses 2015: $904,507Net Income 2015: $307,3802015Revenue 2016: $1,578,661Expenses 2016: $1,234,159Net Income 2016: $344,5022016Revenue 2017: $945,116Expenses 2017: $916,578Net Income 2017: $28,5382017Revenue 2018: $1,191,703Expenses 2018: $1,133,118Net Income 2018: $58,5852018Revenue 2019: $1,399,713Expenses 2019: $1,350,252Net Income 2019: $49,4612019Revenue 2020: $2,098,024Expenses 2020: $1,979,875Net Income 2020: $118,1492020Revenue 2021: $2,396,386Expenses 2021: $2,083,302Net Income 2021: $313,0842021Revenue 2022: $2,801,271Expenses 2022: $2,119,590Net Income 2022: $681,6812022Revenue 2023: $2,623,039Expenses 2023: $2,280,392Net Income 2023: $342,6472023Revenue 2024: $3,957,557Expenses 2024: $3,299,579Net Income 2024: $657,9782024

Highlighted filing

2017

Revenue$945,116
Expenses$916,578
Net Income$28,538
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$1,641,823
Mission and Program Overview

Mission

The foundation is engaged in the operation of raising funds to support, aid, and promote educational and athletic programs for riverland community college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,669,074$1,982,643▲ $313,569
Land, Buildings, and Equipment, Net$499,419$443,002▼ $56,417
Savings and Temporary Cash Investments$462,283$268,117▼ $194,166
Cash and Non-Interest-Bearing Accounts$410,124$257,335▼ $152,789
Accounts Receivable$20,728$76,558▲ $55,830
Pledges and Grants Receivable$43,790$34,465▼ $9,325
Prepaid Expenses and Deferred Charges$12,571$12,937▲ $366
Total Assets$3,332,298$3,390,975▲ $58,677
Other Assets Total$214,309$315,918▲ $101,609
Liabilities
Mortgage Notes Payable Secured by Investment Property$360,280$319,552▼ $40,728
Deferred Revenue$19,202$39,808▲ $20,606
Accounts Payable and Accrued Expenses$13,225$26,872▲ $13,647
Grants Payable$18,097--
Other Liabilities$1,215$1,021▼ $194
Total Liabilities$412,019$387,253▼ $24,766
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,309,227$1,311,708▲ $2,481
Permanently Rstr Net Assets$1,089,368$1,125,368▲ $36,000
Unrestricted Net Assets$521,684$566,646▲ $44,962
Total Net Assets Fund Balance$2,920,279$3,003,722▲ $83,443
Total Liabilities and Net Assets / Fund Balance$3,332,298$3,390,975▲ $58,677

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$376,343$979,538$1,355,881
Equipment$66,659$192,352$259,011
Other Assets Org$315,918--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,471,638$26,000▲ $102,079$-5,000$1,560,717
2016$1,408,273$8,650▲ $60,200$-35,515$1,471,638
2015$1,396,408$19,000▲ $39,040$8,175$1,408,273
2014$1,189,100$62,204▲ $169,104-$1,396,408
2013$874,413$254,268▲ $77,963$44$1,189,100
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Steve WaldhoffPresident
Amanda DowlingBoard Member
Belita SchindlerBoard Member
Bonnie RietzBoard Member
Chad AdamsBoard Member
Dan DormanBoard Member
Jennifer LibbyBoard Member
John GarryBoard Member
Kevin Myers PhdBoard Member
Susie PetersenBoard Member
Troy OlsonBoard Member
David AlbrechtPast Preside
Ellen KehrPast Preside
Maggie EricksonSecretary
Alice HolstTreasurer
Lois NelsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$697,878
Program Service Revenue
$67,742
Investment Income
$86,704
Other Revenue
$92,792
All Other Contributions
$695,549
Change in Net Assets
$28,538

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table142$48,843Fair Market Value (FMV)
Cars and Other Vehicles8$22,600Fair Market Value (FMV)
Total Noncash Contributions150$71,443-

Audited Revenue Reconciliation

Revenue per Audited Statements
$945,116
Revenue Not Reported on Form 990
$285,310
Total Revenue per Audited Statements
$1,230,426
Total Revenue per Form 990
$945,116
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$739,022
Other Expenses$142,000
Salaries, Compensation, and Employee Benefits$35,556
Total Fundraising Expense$26,031
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$459,035--$459,035
Grants to Domestic Orgs$266,037--$266,037
All Other Expenses$29,650$6,891$2,706$39,247
Other Salaries and Wages-$32,975-$32,975
Foreign Grants$13,950--$13,950
Other Expenses$14,691-$11,188$11,188
Office Expenses-$9,329-$9,329
Fees for Services Accounting-$7,269-$7,269
Insurance-$2,614-$2,614
Payroll Taxes-$2,581-$2,581
Conferences and Meetings-$2,133-$2,133
Total Functional Expenses$826,755$63,792$26,031$916,578

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,146,983
Expenses per Audited Statements$916,578
Total Expenses per Form 990$916,578
Expenses Not Reported on Form 990$230,405
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Riverland Com CollegeAustin, MN-Enhance College Prog$205,782

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,370
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Blue Devils Eve$12,041$12,041-$12,041
Total Events$12,041$12,041-$12,041
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll Tax$1,021
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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

“A copy of the form 990 is provided to the board prior to filing”

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

“Board reviews conflict of interest policy annually, or as needed.”

Form 990, Page 6, Part VI, Line 15A

“All compensation of foundation employees is set by the board of directors. No board members are paid.”

Form 990, Page 6, Part VI, Line 15B

“All compensation of foundation employees is set by the board of directors”

Form 990, Page 6, Part VI, Line 19

“Organizations documents available upon reasonable request”

Filing and Contact Details

Filer

Filer Name
Riverland Community College
EIN
41-1286409
Phone
5074330695
Address
1900 8TH AVENUE NW, AUSTIN, MN 55912

Signing Officer

Name
Alice Holst
Title
Treasurer
Phone
5074330695
Signed
2017-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Waldhoff
Formed
1976
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
55

Preparer

Firm
Hill Larson & Walth Pa
Address
326 NORTH MAIN STREET, AUSTIN, MN 55912-3006
Preparer
Greg a Larson
Phone
5074332264
Supplemental Narrative

Additional Explanations

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

“Program grants - the foundation assists program leaders in the application of grant funding for specfic programs and the collection and distribution of those funds.”

Form 990, Part XI, Line 9

“Pg 9 line 6b 230,405 pg 9 line 6b -230,405”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Investment income to be used to provide scholarships”

Schedule D, Page 3, Part X

“The foundation is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. The foundation has also been classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions. There was no unrelated business income for the year ended june 30, 2017, and therefore the foundation has made no provision for income taxes.”

Schedule D, Page 4, Part XI, Line 2D

“PG 9 LINE 6B 230,405”

Schedule D, Page 4, Part XII, Line 2D

“PG 9 LINE 6B 230,405”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/TotalAmt311188
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/ProgSrvcAccomActy3Grp/Desc0STUDENT SERVICES - THE FOUNDATION ASSISTS CURRENT AND PAST STUDENTS OF RIVERLAND COMMUNITY COLLEGE FOUNDATION BY PROVIDING COLLEGE HOUSING, RAISING FUNDS, AND COMMUNICATING THE OPPORTUNITIES AND ASSISTANCE AVAILABLE TO STUDENTS.
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IRS990/PYTotalExpensesAmt01234159
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IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt028538
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt078422
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0975879
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0585257
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Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,390,975
Liabilities
$387,253
Net assets
$3,003,722
Revenue
$945,116
Expenses
$916,578
Net income
$28,538
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.56$0.11$5.45$3.96$3.30$0.66
2023Detailed filing. Detailed filing data is available for this year.$4.72$0.14$4.58$2.62$2.28$0.34
2022Detailed filing. Detailed filing data is available for this year.$4.54$0.39$4.16$2.80$2.12$0.68
2021Detailed filing. Detailed filing data is available for this year.$4.20$0.25$3.95$2.40$2.08$0.31
2020Detailed filing. Detailed filing data is available for this year.$3.54$0.25$3.29$2.10$1.98$0.12
2019Detailed filing. Detailed filing data is available for this year.$3.48$0.31$3.17$1.40$1.35$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.48$0.34$3.14$1.19$1.13$0.06
2017Detailed filing. Detailed filing data is available for this year.$3.39$0.39$3.00$0.95$0.92$0.03
2016Detailed filing. Detailed filing data is available for this year.$3.33$0.41$2.92$1.58$1.23$0.34
2015Detailed filing. Detailed filing data is available for this year.$3.03$0.48$2.56$1.21$0.90$0.31
2014Detailed filing. Detailed filing data is available for this year.$2.77$0.49$2.29$0.79$0.65$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.53$0.53$2.00$1.05$0.67$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.60$1.56$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.68$1.43$0.38