Civic Intelligence

Riverland Community College Foundation

990 • Fiscal year 2016 • EIN 41-1286409

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 08, 2016

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

0.12x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.26x

Higher debt load relative to revenue than 67% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

81st percentile

22%

Higher net margin than 81% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

72nd percentile

9.9%

Faster asset growth than 72% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

83rd percentile

30%

Faster revenue growth than 83% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$3,332,298

Up $300,784 (+9.9%) from 2015

Net Assets

Up

$2,920,279

Up $364,568 (+14%) from 2015

Liabilities

Down

$412,019

Down $63,784 (-13%) from 2015

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin81st percentile

Revenue

Up

$1,578,661

Up $366,774 (+30%) from 2015

Expenses

Up

$1,234,159

Up $329,652 (+36%) from 2015

Net Income

Up

$344,502

Up $37,122 (+12%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth72nd 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

2016

Assets$3,332,298
Liabilities$412,019
Net Assets$2,920,279
Open 2016 Filing

Operations Trend

Revenue Growth83rd 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

2016

Revenue$1,578,661
Expenses$1,234,159
Net Income$344,502
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 8, 2016
Return Version
2015v2.1
Gross Receipts
$2,461,545
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$1,762,435$1,669,074▼ $93,361
Land, Buildings, and Equipment, Net$551,190$499,419▼ $51,771
Savings and Temporary Cash Investments$261,329$462,283▲ $200,954
Cash and Non-Interest-Bearing Accounts$281,501$410,124▲ $128,623
Pledges and Grants Receivable$48,816$43,790▼ $5,026
Accounts Receivable$6,707$20,728▲ $14,021
Prepaid Expenses and Deferred Charges$14,514$12,571▼ $1,943
Total Assets$3,031,514$3,332,298▲ $300,784
Other Assets Total$105,022$214,309▲ $109,287
Liabilities
Mortgage Notes Payable Secured by Investment Property$399,707$360,280▼ $39,427
Deferred Revenue$35,445$19,202▼ $16,243
Grants Payable-$18,097-
Accounts Payable and Accrued Expenses$39,771$13,225▼ $26,546
Other Liabilities$880$1,215▲ $335
Total Liabilities$475,803$412,019▼ $63,784
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,099,075$1,309,227▲ $210,152
Permanently Rstr Net Assets$1,038,850$1,089,368▲ $50,518
Unrestricted Net Assets$417,786$521,684▲ $103,898
Total Net Assets Fund Balance$2,555,711$2,920,279▲ $364,568
Total Liabilities and Net Assets / Fund Balance$3,031,514$3,332,298▲ $300,784

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$420,373$935,508$1,355,881
Equipment$79,046$179,965$259,011
Other Assets Org$214,309--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
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
2012$829,582$22,996▲ $32,635-$874,413
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
David AlbrechtPresident
Amanda DowlingBoard Member
Belita SchindlerBoard Member
Bonnie RietzBoard Member
Chad AdamsBoard Member
Dan DormanBoard Member
Jennifer LibbyBoard Member
Jim KruegerBoard Member
Jim MuellerBoard Member
Kevin Myers PhdBoard Member
Maggie EricksonBoard Member
Susie PetersenBoard Member
Troy OlsonBoard Member
Ellen KehrPast Preside
Lois NelsonSecretary
John GarryTreasurer
Steve WaldhoffVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,312,249
Program Service Revenue
$48,741
Investment Income
$63,143
Other Revenue
$154,528
All Other Contributions
$1,294,985
Change in Net Assets
$344,502

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 Table124$100,881Fair Market Value (FMV)
Other Non Cash Contri Table96$64,437Fair Market Value (FMV)
Cars and Other Vehicles8$31,630Fair Market Value (FMV)
Securities Publicly Traded1$26,156Fair Market Value (FMV)
Total Noncash Contributions229$223,104-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,578,661
Revenue Not Reported on Form 990
$247,093
Total Revenue per Audited Statements
$1,825,754
Total Revenue per Form 990
$1,578,661
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,033,698
Other Expenses$164,414
Total Fundraising Expense$71,379
Salaries, Compensation, and Employee Benefits$36,047
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$551,705--$551,705
Grants to Domestic Orgs$466,843--$466,843
Other Salaries and Wages-$33,372-$33,372
All Other Expenses$6,664$3,265$6,941$16,870
Foreign Grants$15,150--$15,150
Other Expenses$12,905-$64,438$12,905
Office Expenses-$11,211-$11,211
Fees for Services Accounting-$7,395-$7,395
Payroll Taxes-$2,675-$2,675
Insurance-$2,592-$2,592
Conferences and Meetings-$778-$778
Total Functional Expenses$1,101,492$61,288$71,379$1,234,159

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,461,186
Expenses per Audited Statements$1,234,159
Total Expenses per Form 990$1,234,159
Expenses Not Reported on Form 990$227,027
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Riverland Com CollegeAustin, MN-Enhance College Prog$334,333

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$49,120
Fundraising Direct Expenses$20,285
Gaming Gross Income$7,560
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Unverzagt Golf$10,156$5,866$2,323$3,543
Total Events$10,156$5,866$2,323$3,543
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$1,215
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
John Garry
Title
Treasurer
Phone
5074330695
Signed
2016-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Albrecht
Formed
1976
Legal Domicile
Mn
Voting Board Members
17
Independent Board Members
17
Employees
1
Volunteers
75

Preparer

Firm
Hill Larson Walth & Benda 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 206,742 pg 9 line 8b 20,285 pg 9 line 6b -206,742 pg 9 line 8b -20,285”

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, 2016, and therefore the foundation has made no provision for income taxes.”

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

“Pg 9 line 6b 206,742 pg 9 line 8b 20,285”

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

“Pg 9 line 6b 206,742 pg 9 line 8b 20,285”

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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,332,298
Liabilities
$412,019
Net assets
$2,920,279
Revenue
$1,578,661
Expenses
$1,234,159
Net income
$344,502
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $1M-$5M nonprofits