Civic Intelligence

Rainy River Community College Foundation

990 • Fiscal year 2018 • EIN 41-1644956

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

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

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

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

Liabilities / Revenue

25th percentile

0.02x

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

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

Net Margin

45th percentile

1.4%

Higher net margin than 45% 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

37th percentile

-1.9%

Faster asset growth than 37% of similar nonprofits.

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

Revenue Growth

9th percentile

-33%

Faster revenue growth than 9% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$1,877,309

Down $37,305 (-1.9%) from 2017

Net Assets

Down

$1,872,909

Down $39,705 (-2.1%) from 2017

Liabilities

Up

$4,400

Up $2,400 (+120%) from 2017

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin45th percentile

Revenue

Down

$273,204

Down $134,904 (-33%) from 2017

Expenses

Up

$269,497

Up $66,682 (+33%) from 2017

Net Income

Down

$3,707

Down $201,586 (-98%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth37th 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

2018

Assets$1,877,309
Liabilities$4,400
Net Assets$1,872,909
Open 2018 Filing

Operations Trend

Revenue Growth9th 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

2018

Revenue$273,204
Expenses$269,497
Net Income$3,707
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$1,071,991
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 in Publicly Traded Securities$1,906,240$1,848,298▼ $57,942
Cash and Non-Interest-Bearing Accounts$4,874$25,511▲ $20,637
Total Assets$1,914,614$1,877,309▼ $37,305
Other Assets Total$3,500$3,500→ $0
Liabilities
Accounts Payable and Accrued Expenses$2,000$4,400▲ $2,400
Total Liabilities$2,000$4,400▲ $2,400
Net Assets / Fund Balance
Unrestricted Net Assets$891,671$881,232▼ $10,439
Permanently Rstr Net Assets$553,623$553,623→ $0
Temporarily Rstr Net Assets$467,320$438,054▼ $29,266
Total Net Assets Fund Balance$1,912,614$1,872,909▼ $39,705
Total Liabilities and Net Assets / Fund Balance$1,914,614$1,877,309▼ $37,305

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$852,393$15,723▲ $17,292-$871,358
2017$789,069$55,987▲ $33,837-$852,393
2016$807,789$28,527▼ $18,882-$789,069
2015$817,453$22,876▼ $2,298-$807,789
2014$771,241$29,983▲ $50,109-$817,453
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Mike TurennePresident
Bob AndersonDirector
Bruce WalkerDirector
Erik StrandDirector
Jerrod ShermoenDirector
Joann DornheckerDirector
Joyce BartowskiDirector
Leif LarsenDirector
Lindsey GouletDirector
Marysue CollinsDirector
Mike WilliamsDirector
Nancy RognerudDirector
Patti BallanDirector
Sue AndersonDirector
Tim AndersonDirector
Sue NordquistFaculty Board Member
Barb FisherFoundation Director
Roxanne KellyProvost
Paul NevanenSecretary
Allen RasmussenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$58,580
Program Service Revenue
$0
Investment Income
$203,775
Other Revenue
$10,849
All Other Contributions
$58,580
Change in Net Assets
$3,707

Audited Revenue Reconciliation

Revenue per Audited Statements
$273,204
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-31,307
Total Revenue per Audited Statements
$241,897
Total Revenue per Form 990
$273,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$198,170
Other Expenses$71,327
Total Fundraising Expense$5,008
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$163,470--$163,470
Fees for Services Management-$40,500$1,500$42,000
Grants to Domestic Orgs$34,700--$34,700
Fees for Service Investment Mgmnt Fees-$13,365-$13,365
Other Expenses$6,247$2,853$3,508$6,247
Fees for Services Accounting-$2,400-$2,400
Office Expenses-$542-$542
Travel-$412-$412
Total Functional Expenses$204,417$60,072$5,008$269,497

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$281,602
Expenses per Audited Statements$269,497
Total Expenses per Form 990$269,497
Expenses Not Reported on Form 990$12,105
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rainy River Community CollegeInternational Falls, MN-Higher Education$33,700
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,954
Fundraising Direct Expenses$12,105
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Classic$22,954$22,954$12,105$10,849
Total Events$22,954$22,954$12,105$10,849
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
Audit committee
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
No
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

“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
Mike Turenne
Title
President
Phone
2182852209
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Turenne
Formed
1988
Legal Domicile
Mn
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
40

Preparer

Firm
Miller Mcdonald Inc
Address
513 BELTRAMI AVE NW, BEMIDJI, MN 56601
Preparer
Jon Roscoe
Phone
2187516300
Supplemental Narrative

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 in 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, 2018. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

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

PART XII, LINE 2D - OTHER ADJUSTMENTS:

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

Raw XML AppendixShowing 400 of 513 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/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15FOUNDATION DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16PROVOST
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IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
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IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt012105
IRS990/FundraisingGrossIncomeAmt022954
IRS990/GainOrLossGrp/SecuritiesAmt0163575
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantAmt0198170
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0163470
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0163470
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt034700
IRS990/GrantsToDomesticOrgsGrp/TotalAmt034700
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0950257
IRS990/GrossReceiptsAmt01071991
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt040200
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt040200
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01906240
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01848298
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0786682
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/NetAssetsOrFundBalancesBOYAmt01912614
IRS990/NetAssetsOrFundBalancesEOYAmt01872909
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0163575
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0163575
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt010849
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt010849
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-43412
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0542
IRS990/OfficeExpensesGrp/TotalAmt0542
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03500
IRS990/OtherAssetsTotalGrp/EOYAmt03500
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1COLLEGE FOR KIDS
IRS990/OtherExpensesGrp/FundraisingAmt03508
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02853
IRS990/OtherExpensesGrp/ProgramServicesAmt06247
IRS990/OtherExpensesGrp/TotalAmt06361
IRS990/OtherExpensesGrp/TotalAmt16247
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0553623
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0553623
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MIKE TURENNE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt080454
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0155996
IRS990/PYInvestmentIncomeAmt0219834
IRS990/PYOtherExpensesAmt046819
IRS990/PYOtherRevenueAmt027297
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0124770
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0202815
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0327585
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03707
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0129784
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0107751
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt080802
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt066317
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt065267
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0449921
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0200214
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0219834
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0119293
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0144203
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0265540
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0949084
IRS990ScheduleA/PublicSupportCY170Pct00.32160
IRS990ScheduleA/PublicSupportPY170Pct00.38140
IRS990ScheduleA/PublicSupportTotal170Amt0449921
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0129784
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0107751
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt080802
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt066317
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt065267
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0449921
IRS990ScheduleA/TotalSupportAmt01399005
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0852393
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt015723
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0871358
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt014050
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt017292
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0789069
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt055987
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0852393
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt026500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt033837
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0807789
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt028527
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0789069
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt028365
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-18882
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0817453
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt022876
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0807789
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt030242
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2298
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0771241
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt029983
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0817453
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt033880
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt050109
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt012105
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0269497
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-43412
IRS990ScheduleD/OtherExpensesIncludedAmt012105
IRS990ScheduleD/OtherRevenueAmt012105
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.58000
IRS990ScheduleD/RevenueNotReportedAmt0-31307
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0273204
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 IN 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, 2018. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT FUNDRAISING EXPENSES ON PAGE 9 PART VIII, LINE 8B
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT FUNDRAISING EXPENSES ON PAGE 9 PART VIII, LINE 8B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.42000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0269497
IRS990ScheduleD/TotalRevenuePerForm990Amt0273204
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0241897
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0281602
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt012105
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF CLASSIC
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt022954
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt022954
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt022954
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt022954
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt010849
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt012105

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,877,309
Liabilities
$4,400
Net assets
$1,872,909
Revenue
$273,204
Expenses
$269,497
Net income
$3,707
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
2018Detailed filing. Detailed filing data is available for this year.$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
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$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