Civic Intelligence

Rochester Community and Technical College Foundation

EIN 41-1535213 • 501(c)3 • Rochester, MN

Profile

Provide support to students and programs at rochester community techincal college, enhancing the quality of education and the future of our students. We do this by providing scholarships, hosting fundraising events, connecting alumni, and through our fundraising efforts for educational programs.

851 30th Ave SERochester, MN 55904

www.rctc.edu/FOUNDATION

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

24th percentile

0.07x

Higher debt load relative to revenue than 24% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

85th percentile

38%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

71st percentile

19%

Faster revenue growth than 71% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$10,227,347

Up $1,101,107 (+12%) from 2024

Liabilities

Up

$69,786

Up $19,786 (+40%) from 2024

Net Assets

Up

$10,157,561

Up $1,081,321 (+12%) from 2024

Revenue

Up

$1,024,437

Up $164,739 (+19%) from 2024

Expenses

Up

$631,509

Up $112,185 (+22%) from 2024

Net Income

Up

$392,928

Up $52,554 (+15%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $4,508,669Liabilities 2011: $930,678Net Assets 2011: $3,577,9912011Assets 2012: $4,270,314Liabilities 2012: $824,117Net Assets 2012: $3,446,1972012Assets 2013: $4,352,934Liabilities 2013: $423,747Net Assets 2013: $3,929,1872013Assets 2014: $4,698,487Liabilities 2014: $57,220Net Assets 2014: $4,641,2672014Assets 2015: $4,625,210Liabilities 2015: $36,589Net Assets 2015: $4,588,6212015Assets 2016: $4,532,116Liabilities 2016: $67,988Net Assets 2016: $4,464,1282016Assets 2017: $5,078,573Liabilities 2017: $1,658Net Assets 2017: $5,076,9152017Assets 2018: $6,648,917Liabilities 2018: $6,302Net Assets 2018: $6,642,6152018Assets 2019: $6,876,581Liabilities 2019: $11,812Net Assets 2019: $6,864,7692019Assets 2020: $6,606,107Liabilities 2020: $308Net Assets 2020: $6,605,7992020Assets 2021: $8,182,183Liabilities 2021: $76,751Net Assets 2021: $8,105,4322021Assets 2022: $7,047,020Liabilities 2022: $186,542Net Assets 2022: $6,860,4782022Assets 2023: $8,023,336Liabilities 2023: $148,309Net Assets 2023: $7,875,0272023Assets 2024: $9,126,240Liabilities 2024: $50,000Net Assets 2024: $9,076,2402024Assets 2025: $10,227,347Liabilities 2025: $69,786Net Assets 2025: $10,157,5612025

Highlighted filing

2025

Assets$10,227,347
Liabilities$69,786
Net Assets$10,157,561

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0Expenses 2011: $394,4852011Expenses 2012: $441,6422012Revenue 2013: $584,256Expenses 2013: $391,834Net Income 2013: $192,4222013Revenue 2014: $531,853Expenses 2014: $379,010Net Income 2014: $152,8432014Revenue 2015: $506,419Expenses 2015: $379,085Net Income 2015: $127,3342015Revenue 2016: $547,489Expenses 2016: $385,404Net Income 2016: $162,0852016Revenue 2017: $894,100Expenses 2017: $416,189Net Income 2017: $477,9112017Revenue 2018: $1,875,666Expenses 2018: $443,505Net Income 2018: $1,432,1612018Revenue 2019: $615,585Expenses 2019: $526,391Net Income 2019: $89,1942019Revenue 2020: $650,592Expenses 2020: $511,903Net Income 2020: $138,6892020Revenue 2021: $532,863Expenses 2021: $468,311Net Income 2021: $64,5522021Revenue 2022: $894,764Expenses 2022: $375,197Net Income 2022: $519,5672022Revenue 2023: $826,292Expenses 2023: $410,848Net Income 2023: $415,4442023Revenue 2024: $859,698Expenses 2024: $519,324Net Income 2024: $340,3742024Revenue 2025: $1,024,437Expenses 2025: $631,509Net Income 2025: $392,9282025

Highlighted filing

2025

Revenue$1,024,437
Expenses$631,509
Net Income$392,928

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.2$0.07$10.2$1.02$0.63$0.39
2024Detailed filing. Detailed filing data is available for this year.$9.13$0.05$9.08$0.86$0.52$0.34
2023Detailed filing. Detailed filing data is available for this year.$8.02$0.15$7.88$0.83$0.41$0.42
2022Detailed filing. Detailed filing data is available for this year.$7.05$0.19$6.86$0.89$0.38$0.52
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.18$0.08$8.11$0.53$0.47$0.06
2020Detailed filing. Detailed filing data is available for this year.$6.61$0.00$6.61$0.65$0.51$0.14
2019Detailed filing. Detailed filing data is available for this year.$6.88$0.01$6.86$0.62$0.53$0.09
2018Detailed filing. Detailed filing data is available for this year.$6.65$0.01$6.64$1.88$0.44$1.43
2017Detailed filing. Detailed filing data is available for this year.$5.08$0.00$5.08$0.89$0.42$0.48
2016Detailed filing. Detailed filing data is available for this year.$4.53$0.07$4.46$0.55$0.39$0.16
2015Detailed filing. Detailed filing data is available for this year.$4.63$0.04$4.59$0.51$0.38$0.13
2014Detailed filing. Detailed filing data is available for this year.$4.70$0.06$4.64$0.53$0.38$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.35$0.42$3.93$0.58$0.39$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.27$0.82$3.45$0.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.51$0.93$3.58$0.39
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 30, 2025
Return Version
2024v5.2
Gross Receipts
$1,029,212
Mission and Program Overview

Mission

Provide support to students and programs at rochester community techincal college, enhancing the quality of education and the future of our students. We do this by providing scholarships, hosting fundraising events, connecting alumni, and through our fundraising efforts for educational programs.

Rctc foundation improves the lives with the support of quality, affordable, accessible higher education. We raise funds to support scholarships, student basic needs, enhance quality academics, enrich campus life with athletics and arts, and make strategic investments in our students and college. Through active, ongoing campaigns to promote philanthropy in the community, the foundation aims to grow a diverse pool of resources sufficient to provide affordable education for all students, add value and excellence to the programs offered at rctc and help insulate the institution from future economic and political forces by helping to fill gaps in state funding. The foundation believes that no student should be turned away from rctc due to an inability to pay tuition.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,313,155$9,445,172▲ $1,132,017
Cash and Non-Interest-Bearing Accounts$811,658$774,192▼ $37,466
Prepaid Expenses and Deferred Charges$1,427$7,983▲ $6,556
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$9,126,240$10,227,347▲ $1,101,107
Liabilities
Other Liabilities$50,000$60,010▲ $10,010
Accounts Payable and Accrued Expenses-$9,776-
Total Liabilities$50,000$69,786▲ $19,786
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,935,509$9,980,457▲ $1,044,948
Net Assets Without Donor Restrictions$140,731$177,104▲ $36,373
Total Net Assets Fund Balance$9,076,240$10,157,561▲ $1,081,321
Total Liabilities and Net Assets / Fund Balance$9,126,240$10,227,347▲ $1,101,107

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$7,176$7,176

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2025$8,694,516$403,270▲ $1,080,795-$9,740,399
2024$7,663,852$430,893▲ $972,175-$8,694,516
2023$6,757,667$412,320▲ $819,459-$7,663,852
2022$7,977,959$441,549▼ $1,381,158-$6,757,667
2021$6,481,086$142,436▲ $1,608,809-$7,977,959
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alex BrainardPresident
Tony ZuccoVice President
Alex LairDirector
Ally Hanten EbertDirector
Emily TaylorDirector
Heather DonovanDirector
Jeff EigenheerDirector
Laura SheehanDirector
Paulette TeigenDirector
Sara MessinaDirector
Thu ParkDirector
Zen KuzykDirector
Jonathan KrullSecretary
Markus LangTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$587,311
Program Service Revenue
$0
Investment Income
$427,567
Other Revenue
$9,559
All Other Contributions
$567,311
Change in Net Assets
$392,928

Audited Revenue Reconciliation

Revenue per Audited Statements
$992,444
Revenue Not Reported on Financial Statements
$31,993
Revenue Not Reported on Form 990
$908,555
Total Revenue per Audited Statements
$1,900,999
Total Revenue per Form 990
$1,024,437
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$539,940
Other Expenses$91,569
Total Fundraising Expense$1,135
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$539,940--$539,940
Fees for Service Investment Mgmnt Fees-$31,993-$31,993
Fees for Services Management-$20,874-$20,874
Fees for Services Accounting-$19,000-$19,000
Office Expenses-$7,243$403$7,646
Information Technology$5,739$170$732$6,641
Other Expenses$3,860--$3,860
Conferences and Meetings-$1,530-$1,530
Fees for Services Legal-$25-$25
Total Functional Expenses$549,539$80,835$1,135$631,509

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$818,251
Total Expenses per Form 990$631,509
Expenses per Audited Statements$599,516
Expenses Not Reported on Form 990$218,735
Expenses Not Reported on Financial Statements$31,993
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$13,630
Fundraising Direct Expenses$4,775
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Oaks Event Dinner$33,630$13,630$4,775$8,855
Total Events$33,630$13,630$4,775$8,855
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds, Equipment & Supplies Held for the Benefit of Others$54,710
Deferred Revenue$5,300
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 35% controlled entity
No
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, Part VI, Section B, Line 11B

Prior to filing form 990, it is reviewed by the foundation treasurer with a summary of form 990 presented to the foundation board of directors during a monthly meeting. Copies of form 990 are made available to each board member.

Form 990, Part VI, Section B, Line 12C

All conflicts of interest are not necessarily prohibited or harmful to the rctc foundation. However, full disclosure of all actual and potential conflicts, and a determination by the disinterested board (or rctc foundation's executive committee) members - with the interested board member(s) recused from participating in debates and voting on the matter - are required. All actual and potential conflicts of interests shall be disclosed by board members to the rctc foundation executive committee through an annual disclosure form and/or to the board whenever a conflict arises. Disinterested members of the rctc foundation executive committee shall make a determination as to whether a prohibited conflict exists and what subsequent action is appropriate (if any). The rctc foundation executive committee shall inform the board of such determination and action. The board shall retain the right to modify or reverse such determination and action and shall retain the ultimate enforcement authority with respect to the interpretation and application of this policy . On an annual basis, all board members shall be provided with a copy of this policy and required to complete and sign the acknowledgement and disclosure form below. All complete forms shall be provided to and reviewed by the rctc foundation executive committee, as well as all other conflict information, if any, provided by board members.

Form 990, Part VI, Section C, Line 18

Interested persons are encouraged to reach out to the foundation office for a copy of the forms.

Form 990, Part VI, Section C, Line 19

The public is encouraged to contact the foundation in person to request documentation.

Filing and Contact Details

Filer

Filer Name
Rochester Community and Technical Colleg
EIN
41-1535213
Phone
5072817770
Address
851 30TH AVE SE, ROCHESTER, MN 55904

Signing Officer

Name
Alex Brainard
Title
President
Phone
5072817770
Signed
2025-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alex Brainard
Formed
1961
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
95

Preparer

Firm
Hawkins Ash Cpas Llp
Address
3720 NOTTINGHAM DR NW SUITE 100, ROCHESTER, MN 55901
Preparer
David Fochs
Phone
5074241233
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 7H

Rochester community and technical college foundation receives contributions of cars for which they issue 1098-c's. These car contributions are held for the benefit of another organization and therefore is not reported as contribution revenue.

Form 990, Part XII, Line 2C

The organization did not change the oversight and selection process from the prior tax year.

Financial Statement Notes

PART X, LINE 2:

Accounting for uncertainty in income taxes - u.s. Gaap requires management to evaluate tax positions taken by the foundation and recognize a tax liability (or asset) if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by a taxing authority. Management has analyzed the tax positions taken by the foundation and has concluded that as of june 30, 2025 and 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The foundation is subject to routine audits by taxing jurisdictions, however, there are currently no audits in progress for any tax period. The foundation will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

FUNDRAISING

PART XII, LINE 2D - OTHER ADJUSTMENTS:

FUNDRAISING

Part V, Line 4

Rochester community and technical college foundation has endowment funds to provide scholarships and support to students and programs at rochester community and technical college.

Part X, Line 2

The foundation is exempt from federal income taxes as a tax-exempt organization described in section 501(c)(3) of the internal revenue code, except for income on certain unrelated business income. At june 30, 2025 there is no material amount of unrelated business income. The foundation is also exempt from state income taxes under applicable minnesota statutes.

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IRS990/ActivityOrMissionDesc0RCTC FOUNDATION IMPROVES THE LIVES WITH THE SUPPORT OF QUALITY, AFFORDABLE, ACCESSIBLE HIGHER EDUCATION. WE RAISE FUNDS TO SUPPORT SCHOLARSHIPS, STUDENT BASIC NEEDS, ENHANCE QUALITY ACADEMICS, ENRICH CAMPUS LIFE WITH ATHLETICS AND ARTS, AND MAKE STRATEGIC INVESTMENTS IN OUR STUDENTS AND COLLEGE. THROUGH ACTIVE, ONGOING CAMPAIGNS TO PROMOTE PHILANTHROPY IN THE COMMUNITY, THE FOUNDATION AIMS TO GROW A DIVERSE POOL OF RESOURCES SUFFICIENT TO PROVIDE AFFORDABLE EDUCATION FOR ALL STUDENTS, ADD VALUE AND EXCELLENCE TO THE PROGRAMS OFFERED AT RCTC AND HELP INSULATE THE INSTITUTION FROM FUTURE ECONOMIC AND POLITICAL FORCES BY HELPING TO FILL GAPS IN STATE FUNDING. THE FOUNDATION BELIEVES THAT NO STUDENT SHOULD BE TURNED AWAY FROM RCTC DUE TO AN INABILITY TO PAY TUITION.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0IMPROVE LIVES WITH THE SUPPORT OF QUALITY, AFFORDABLE, ACCESSIBLE HIGHER EDUCATION.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OfficeExpensesGrp/FundraisingAmt0403
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IRS990/PrincipalOfficerNm0ALEX BRAINARD
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IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0ROCHESTER COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INVESTS IN PROGRAMS TO DELIVERY HIGH QUALITY EDUCATION AND TO HELP OUR STUDENTS SUCCEED. THIS INCLUDES GRANTS TO EMPOWER FACULTY AND STAFF TO EXPAND AND ENHANCE QUALITY EDUCATION. IN FISCAL YEAR 2025, THIS INCLUDED PURCHASE OF NEW EQUIPMENT, SUPPORTING STUDENT RESEARCH, AND CAREER EXPLORATION FOR STEM FIELDS. THE GRANTS SUPPORTED STUDENT BASIC NEEDS (FOOD PANTRY, EMERGENCY GRANTS, EMERGENCY MENTAL HEALTH COUNSELLING). IN ADDITION, WE SUPPORT A VIBRANT COLLEGE EXPERIENCE THROUGH SUPPORT FOR ATHLETICS, FINE ARTS AND STUDENT CLUB ACTIVITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0128174
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0125774
IRS990/ProgSrvcAccomActy3Grp/Desc0ROCHESTER COMMUNITY AND TECHNICAL COLLEGE FOUNDATION PROVIDES STUDENT HANDS ON LEARNING. GIFTS-IN-KIND OF PROGRAM EQUIPMENT AND SUPPLIES ASSIST STUDENTS IN HANDS-ON LEARNING AND ENSURE STUDENTS ARE "WORK-READY" WITH ACCESS TO THE LATEST TECHNOLOGY IN THE WORKPLACE. IN 2025, THIS INCLUDES DONATION OF VEHICLES, VACCINES AND NEEDLES, N95 MASKS AND TESTING SUPPLIES.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0487200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0302184
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02606487
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0407564
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IRS990ScheduleA/PublicSupportPY170Pct00.63520
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0487200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0302184
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02606487
IRS990ScheduleA/TotalSupportAmt04141109
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt026601
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt026601
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0414166
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS, EQUIPMENT & SUPPLIES HELD FOR THE BENEFIT OF OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED REVENUE
IRS990ScheduleD/OtherRevenueAmt04775
IRS990ScheduleD/RevenueNotReportedAmt0908555
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt031993
IRS990ScheduleD/RevenueSubtotalAmt0992444
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2025 AND 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIOD. THE FOUNDATION WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3ROCHESTER COMMUNITY AND TECHNICAL COLLEGE FOUNDATION HAS ENDOWMENT FUNDS TO PROVIDE SCHOLARSHIPS AND SUPPORT TO STUDENTS AND PROGRAMS AT ROCHESTER COMMUNITY AND TECHNICAL COLLEGE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR INCOME ON CERTAIN UNRELATED BUSINESS INCOME. AT JUNE 30, 2025 THERE IS NO MATERIAL AMOUNT OF UNRELATED BUSINESS INCOME. THE FOUNDATION IS ALSO EXEMPT FROM STATE INCOME TAXES UNDER APPLICABLE MINNESOTA STATUTES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
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IRS990ScheduleD/TotalRevenuePerForm990Amt01024437
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01900999
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0818251
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt020000
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IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt04775
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0OAKS EVENT DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt033630

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