Civic Intelligence

Riverland Community College Foundation

990 • Fiscal year 2018 • EIN 41-1286409

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 31, 2018

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

52nd percentile

0.10x

Higher debt load relative to assets than 52% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.29x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

55th percentile

4.9%

Higher net margin than 55% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

56th percentile

2.7%

Faster asset growth than 56% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

79th percentile

26%

Faster revenue growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$3,483,545

Up $92,570 (+2.7%) from 2017

Net Assets

Up

$3,139,028

Up $135,306 (+4.5%) from 2017

Liabilities

Down

$344,517

Down $42,736 (-11%) from 2017

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin55th percentile

Revenue

Up

$1,191,703

Up $246,587 (+26%) from 2017

Expenses

Up

$1,133,118

Up $216,540 (+24%) from 2017

Net Income

Up

$58,585

Up $30,047 (+105%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth56th 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

2018

Assets$3,483,545
Liabilities$344,517
Net Assets$3,139,028
Open 2018 Filing

Operations Trend

Revenue Growth79th 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

2018

Revenue$1,191,703
Expenses$1,133,118
Net Income$58,585
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 31, 2018
Return Version
2017v2.3
Gross Receipts
$1,559,134
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$1,982,643$2,106,325▲ $123,682
Land, Buildings, and Equipment, Net$443,002$389,768▼ $53,234
Savings and Temporary Cash Investments$268,117$324,387▲ $56,270
Accounts Receivable$76,558$142,225▲ $65,667
Cash and Non-Interest-Bearing Accounts$257,335$96,457▼ $160,878
Pledges and Grants Receivable$34,465$25,713▼ $8,752
Prepaid Expenses and Deferred Charges$12,937$13,216▲ $279
Total Assets$3,390,975$3,483,545▲ $92,570
Other Assets Total$315,918$385,454▲ $69,536
Liabilities
Mortgage Notes Payable Secured by Investment Property$319,552$277,480▼ $42,072
Deferred Revenue$39,808$36,577▼ $3,231
Accounts Payable and Accrued Expenses$26,872$15,262▼ $11,610
Grants Payable-$14,159-
Other Liabilities$1,021$1,039▲ $18
Total Liabilities$387,253$344,517▼ $42,736
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,311,708$1,314,361▲ $2,653
Permanently Rstr Net Assets$1,125,368$1,210,368▲ $85,000
Unrestricted Net Assets$566,646$614,299▲ $47,653
Total Net Assets Fund Balance$3,003,722$3,139,028▲ $135,306
Total Liabilities and Net Assets / Fund Balance$3,390,975$3,483,545▲ $92,570

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$332,313$1,023,568$1,355,881
Equipment$57,455$201,556$259,011
Other Assets Org$385,454--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,560,717$3,000▲ $104,691$81,700$1,702,408
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
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Lois NelsonPresident
Belita SchindlerBoard Member
Bonnie RietzBoard Member
Catherine BuboltzBoard Member
Chad AdamsBoard Member
Dan DormanBoard Member
Don ReynoldsBoard Member
Ellen KehrBoard Member
John GarryBoard Member
Jolayne MohsBoard Member
Julie RethemeierBoard Member
Kevin Myers PhdBoard Member
Susie PetersenBoard Member
Troy OlsonBoard Member
Alice WestendorfBord Member
David AlbrechtPast Preside
Steve WaldhoffPast Preside
Alice HolstTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,010,746
Program Service Revenue
$53,186
Investment Income
$69,089
Other Revenue
$58,682
All Other Contributions
$1,010,746
Change in Net Assets
$58,585

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 Table139$99,384Fair Market Value (FMV)
Securities Publicly Traded700$25,823Fair Market Value (FMV)
Cars and Other Vehicles4$8,700Fair Market Value (FMV)
Total Noncash Contributions843$133,907-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,191,703
Revenue Not Reported on Form 990
$323,606
Total Revenue per Audited Statements
$1,515,309
Total Revenue per Form 990
$1,191,703
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,005,656
Other Expenses$90,174
Salaries, Compensation, and Employee Benefits$37,288
Total Fundraising Expense$18,115
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$531,751--$531,751
Grants to Domestic Individuals$473,905--$473,905
Other Salaries and Wages-$34,581-$34,581
Fees for Service Investment Mgmnt Fees-$9,816-$9,816
All Other Expenses$5,573-$2,923$8,496
Other Expenses$8,036-$9,744$8,036
Fees for Services Accounting-$7,267-$7,267
Insurance-$2,809-$2,809
Payroll Taxes-$2,707-$2,707
Office Expenses-$1,194-$1,194
Conferences and Meetings-$55-$55
Total Functional Expenses$1,056,574$58,429$18,115$1,133,118

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,380,003
Expenses per Audited Statements$1,133,118
Total Expenses per Form 990$1,133,118
Expenses Not Reported on Form 990$246,885
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Riverland Com CollegeAustin, MN-Enhance College Prog$433,411
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,688
Professional Fundraising Fees$0
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$1,039
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
2018-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lois Nelson
Formed
1976
Legal Domicile
Mn
Voting Board Members
18
Independent Board Members
18
Employees
1
Volunteers
50

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 246,885 pg 9 line 6b -246,885”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Investment income to be used to provide scholarships”

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

“PG 9 LINE 6B 246,885”

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

“PG 9 LINE 6B 246,885”

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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/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0133907
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc1EVENTS
IRS990/OtherExpensesGrp/Desc2FUNDRAISING - NON CASH
IRS990/OtherExpensesGrp/Desc3OTHER THEATRE
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IRS990/OtherExpensesGrp/FundraisingAmt19744
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IRS990/OtherExpensesGrp/ProgramServicesAmt28036
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IRS990/OtherExpensesGrp/TotalAmt29744
IRS990/OtherExpensesGrp/TotalAmt38036
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PrincipalOfficerNm0LOIS NELSON
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt0531751
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROGRAM GRANTS - THE FOUNDATION ASSISTS PROGRAM LEADERS IN THE APPLICATION OF GRANT FUNDING FOR SPECFIC PROGRAMS AND THE COLLECTION AND DISTRIBUTION OF THOSE FUNDS.
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IRS990/PYContributionsGrantsAmt0697878
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0739022
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IRS990/RentalIncomeOrLossGrp/RealAmt048994
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt060200

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,483,545
Liabilities
$344,517
Net assets
$3,139,028
Revenue
$1,191,703
Expenses
$1,133,118
Net income
$58,585
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