Civic Intelligence

Rainy River Community College Foundation

990 • Fiscal year 2015 • EIN 41-1644956

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 10, 2016

Organization ProfileN/A
1501 Highway 71International Falls, MN 56649

(218) 285-2209

Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

51st percentile

0.11x

Higher debt load relative to revenue than 51% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

54th percentile

3.9%

Higher net margin than 54% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

42nd percentile

$43,350

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 22.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

23rd percentile

-4.7%

Faster asset growth than 23% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

7th percentile

-41%

Faster revenue growth than 7% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets25th percentile

Assets

Down

$1,981,804

Down $98,461 (-4.7%) from 2014

Net Assets

Down

$1,959,688

Down $106,378 (-5.1%) from 2014

Liabilities

Up

$22,116

Up $7,917 (+56%) from 2014

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin54th percentile

Revenue

Down

$196,714

Down $134,093 (-41%) from 2014

Expenses

Up

$189,073

Up $35,125 (+23%) from 2014

Net Income

Down

$7,641

Down $169,218 (-96%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,660,377Liabilities 2011: $12,660Net Assets 2011: $1,647,7172011Assets 2012: $1,588,505Liabilities 2012: $14,241Net Assets 2012: $1,574,2642012Assets 2013: $1,902,748Liabilities 2013: $13,341Net Assets 2013: $1,889,4072013Assets 2014: $2,080,265Liabilities 2014: $14,199Net Assets 2014: $2,066,0662014Assets 2015: $1,981,804Liabilities 2015: $22,116Net Assets 2015: $1,959,6882015Assets 2016: $1,816,744Liabilities 2016: $28,900Net Assets 2016: $1,787,8442016Assets 2017: $1,914,614Liabilities 2017: $2,000Net Assets 2017: $1,912,6142017Assets 2018: $1,877,309Liabilities 2018: $4,400Net Assets 2018: $1,872,9092018Assets 2019: $1,842,749Liabilities 2019: $4,870Net Assets 2019: $1,837,8792019Assets 2020: $1,799,553Liabilities 2020: $10,134Net Assets 2020: $1,789,4192020Assets 2021: $2,067,223Liabilities 2021: $2,731Net Assets 2021: $2,064,4922021Assets 2022: $1,704,570Liabilities 2022: $0Net Assets 2022: $1,704,5702022Assets 2023: $2,304,923Liabilities 2023: $1,020Net Assets 2023: $2,303,9032023Assets 2024: $2,493,120Liabilities 2024: $1,541Net Assets 2024: $2,491,5792024

Highlighted filing

2015

Assets$1,981,804
Liabilities$22,116
Net Assets$1,959,688
Open 2015 Filing

Operations Trend

Revenue Growth7th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $346,964Expenses 2011: $150,820Net Income 2011: $196,1442011Expenses 2012: $154,4652012Revenue 2013: $447,565Expenses 2013: $132,422Net Income 2013: $315,1432013Revenue 2014: $330,807Expenses 2014: $153,948Net Income 2014: $176,8592014Revenue 2015: $196,714Expenses 2015: $189,073Net Income 2015: $7,6412015Revenue 2016: $183,955Expenses 2016: $204,380Net Income 2016: -$20,4252016Revenue 2017: $408,108Expenses 2017: $202,815Net Income 2017: $205,2932017Revenue 2018: $273,204Expenses 2018: $269,497Net Income 2018: $3,7072018Revenue 2019: $209,725Expenses 2019: $244,486Net Income 2019: -$34,7612019Revenue 2020: $136,761Expenses 2020: $218,339Net Income 2020: -$81,5782020Revenue 2021: $157,068Expenses 2021: $175,089Net Income 2021: -$18,0212021Revenue 2022: $259,753Expenses 2022: $154,743Net Income 2022: $105,0102022Revenue 2023: $620,083Expenses 2023: $205,226Net Income 2023: $414,8572023Revenue 2024: $283,918Expenses 2024: $232,163Net Income 2024: $51,7552024

Highlighted filing

2015

Revenue$196,714
Expenses$189,073
Net Income$7,641
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 10, 2016
Return Version
2014v6.0
Gross Receipts
$727,263
Mission and Program Overview

Mission

Investing in student success and our communitys future through scholarships and college development

To offer grants, scholarships and fund activities to benefit public education

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,036,587$1,920,246▼ $116,341
Cash and Non-Interest-Bearing Accounts$40,178$57,398▲ $17,220
Accounts Receivable-$660-
Total Assets$2,080,265$1,981,804▼ $98,461
Other Assets Total$3,500$3,500→ $0
Liabilities
Accounts Payable and Accrued Expenses$11,058$22,116▲ $11,058
Other Liabilities$2,941$0▼ $2,941
Total Liabilities$13,999$22,116▲ $8,117
Net Assets / Fund Balance
Unrestricted Net Assets$1,108,867$998,260▼ $110,607
Permanently Rstr Net Assets$507,974$513,058▲ $5,084
Temporarily Rstr Net Assets$449,425$448,370▼ $1,055
Total Net Assets Fund Balance$2,066,266$1,959,688▼ $106,578
Total Liabilities and Net Assets / Fund Balance$2,080,265$1,981,804▼ $98,461

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$550,562--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$817,453$22,876▼ $2,298-$807,789
2014$771,241$29,983▲ $50,109-$817,453
2013$725,827$28,953▲ $36,061-$771,241
2012$752,047$19,840▼ $3,840-$725,827
2011$744,371$31,242▲ $58,269-$752,047
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Barb FisherFoundation DirectorPT$43,350$43,350

Board Members and Trustees

NameTitle
Erik StrandPresident
Mike TurenneSecretary/vice President
Allen RasmussenBoard Member
Bob AndersonBoard Member
Bonnie FortBoard Member
Bruce WalkerBoard Member
David HebigBoard Member
Ivan StewartBoard Member
Jerrod ShermoenBoard Member
Joyce BartkowskiBoard Member
Leif LarsenBoard Member
Patti BallanBoard Member
Paul NevanenBoard Member
Sue AndersonBoard Member
Tim AndersonBoard Member
Carol HellandRrcc Provost
Revenue and Support

Revenue Composition

Contributions and Grants
$38,567
Program Service Revenue
$0
Investment Income
$144,203
Other Revenue
$13,944
All Other Contributions
$38,567
Change in Net Assets
$7,641

Audited Revenue Reconciliation

Revenue per Audited Statements
$196,714
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-100,413
Total Revenue per Audited Statements
$96,301
Total Revenue per Form 990
$196,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$148,477
Other Expenses$40,596
Total Fundraising Expense$1,650
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$148,477--$148,477
Fees for Services Management-$13,500$1,500$15,000
Fees for Service Investment Mgmnt Fees-$14,343-$14,343
Fees for Services Accounting-$4,900-$4,900
Other Expenses-$869-$869
Office Expenses-$150$150$300
Total Functional Expenses$148,477$38,946$1,650$189,073

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$202,879
Expenses per Audited Statements$189,073
Total Expenses per Form 990$189,073
Expenses Not Reported on Form 990$13,806
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,750
Fundraising Direct Expenses$13,806
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Classic$24,030$24,030$7,050$16,980
College for Kids$3,720$3,720$6,756$-3,036
Total Events$27,750$27,750$13,806$13,944
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
No
Audit committee
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, Part VI, Section B, Line 11

“Form 990 is reviewed by the foundation liason and presented to the foundation board for approval.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Rainy River Community College Foundation
EIN
41-1644956
Phone
2182852209
Address
1501 HIGHWAY 71, INTERNATIONAL FALLS, MN 56649

Signing Officer

Name
Erik Strand
Title
President
Phone
2182852209
Signed
2016-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erik Strand
Formed
1988
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
47

Preparer

Firm
Miller Mcdonald Inc
Address
PO BOX 486, BEMIDJI, MN 56619-0486
Preparer
Kevin Onstad
Phone
2187516300
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The executive committee oversees the audit of the financial statements and the finance committee is responsible for selecting/recommending an independent accountant to the full board of directors for their approval.”

Financial Statement Notes

PART X, LINE 2:

“The foundation has adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken on a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The foundation has analyzed tax positions taken for filing with the internal revenue service and all state jurisdictions where it operates. The foundation believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the foundations financial condition, results of operations or cash flows. Accordingly, rainy river community college foundation has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at june 30, 2015. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The foundation believes it is no longer subject to income tax examinations for years prior to june 30,2012.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expenses on page 9 part viii, line 8b 13,806.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expenses on page 9 part viii, line 8b 13,806.”

Raw XML AppendixShowing 400 of 500 raw XML fields

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/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt043974
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt043974
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt02036587
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01920246
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0516743
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0INVESTING IN STUDENT SUCCESS AND OUR COMMUNITY'S FUTURE THROUGH SCHOLARSHIPS AND COLLEGE DEVELOPMENT
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02066266
IRS990/NetAssetsOrFundBalancesEOYAmt01959688
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0100229
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0100229
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt013944
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt013944
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-114219
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0150
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0150
IRS990/OfficeExpensesGrp/TotalAmt0300
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03500
IRS990/OtherAssetsTotalGrp/EOYAmt03500
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0INSURANCE AND MISC
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05184
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1869
IRS990/OtherExpensesGrp/TotalAmt05184
IRS990/OtherExpensesGrp/TotalAmt1869
IRS990/OtherLiabilitiesGrp/BOYAmt02941
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0507974
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0513058
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ERIK STRAND
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt065267
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0119721
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt034227
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0265540
IRS990/PYRevenuesLessExpensesAmt0176859
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0153948
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0330807
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt07641
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt066317
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt065267
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0258294
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt064483
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt078315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0532676
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0144203
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0265540
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0189271
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016229
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0265649
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0880892
IRS990ScheduleA/PublicSupportCY170Pct00.37680
IRS990ScheduleA/PublicSupportPY170Pct00.37550
IRS990ScheduleA/PublicSupportTotal170Amt0532676
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt066317
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt065267
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0258294
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt064483
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt078315
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0532676
IRS990ScheduleA/TotalSupportAmt01413568
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0817453
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt022876
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0807789
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt030242
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2298
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0771241
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt029983
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0817453
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt033880
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt050109
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0725827
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt028953
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0771241
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt019600
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt036061
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0752047
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt019840
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0725827
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt042220
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3840
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0744371
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt031242
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0752047
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt081835
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt058269
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt013806
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0189073
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-114219
IRS990ScheduleD/OtherExpensesIncludedAmt013806
IRS990ScheduleD/OtherRevenueAmt013806
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt09948
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11359736
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2550562
IRS990ScheduleD/OtherSecuritiesGrp/Desc0FEDERATED GOVT OBLIGATIONS FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1BREMER INVESTMENTS EQUITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc2BREMER INVESTMENTS FIXED INCOME
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/RevenueNotReportedAmt0-100413
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0196714
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE FOUNDATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE FOUNDATIONS FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, RAINY RIVER COMMUNITY COLLEGE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2015. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30,2012.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT FUNDRAISING EXPENSES ON PAGE 9 PART VIII, LINE 8B 13,806.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT FUNDRAISING EXPENSES ON PAGE 9 PART VIII, LINE 8B 13,806.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt01920246
IRS990ScheduleD/TotalExpensesPerForm990Amt0189073
IRS990ScheduleD/TotalRevenuePerForm990Amt0196714
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt096301
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0202879
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013806
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF CLASSIC
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0COLLEGE FOR KIDS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt024030
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt03720
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt027750
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt024030
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt03720
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt027750
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt013944
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt013806
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07050

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,981,804
Liabilities
$22,116
Net assets
$1,959,688
Revenue
$196,714
Expenses
$189,073
Net income
$7,641
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.49$0.00$2.49$0.28$0.23$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$0.00$2.30$0.62$0.21$0.41
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.70$0.00$1.70$0.26$0.15$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.00$2.06$0.16$0.18$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$0.01$1.79$0.14$0.22$0.08
2019Summary only. Only limited summary data is available for this year.$1.84$0.00$1.84$0.21$0.24$0.03
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$0.00$1.87$0.27$0.27$0.00
2017Summary only. Only limited summary data is available for this year.$1.91$0.00$1.91$0.41$0.20$0.21
2016Summary only. Only limited summary data is available for this year.$1.82$0.03$1.79$0.18$0.20$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.98$0.02$1.96$0.20$0.19$0.01
2014Summary only. Only limited summary data is available for this year.$2.08$0.01$2.07$0.33$0.15$0.18
2013Summary only. Only limited summary data is available for this year.$1.90$0.01$1.89$0.45$0.13$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.01$1.57$0.15
2011Summary only. Only limited summary data is available for this year.$1.66$0.01$1.65$0.35$0.15$0.20
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $1M-$5M nonprofits