Civic Intelligence

Rainy River Community College Foundation

990 • Fiscal year 2021 • EIN 41-1644956

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 11, 2022

Organization ProfileWWW.RRCCFOUNDATION.ORG
1501 Highway 71International Falls, MN 56649

(218) 285-2205

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.02x

Higher debt load relative to revenue than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

14th percentile

-11%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

42nd percentile

$18,530

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 11.8% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

60th percentile

15%

Faster asset growth than 60% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

53rd percentile

15%

Faster revenue growth than 53% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$2,067,223

Up $267,670 (+15%) from 2020

Net Assets

Up

$2,064,492

Up $275,073 (+15%) from 2020

Liabilities

Down

$2,731

Down $7,403 (-73%) from 2020

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin14th percentile

Revenue

Up

$157,068

Up $20,307 (+15%) from 2020

Expenses

Down

$175,089

Down $43,250 (-20%) from 2020

Net Income

Up

-$18,021

Up $63,557 (+78%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2021

Assets$2,067,223
Liabilities$2,731
Net Assets$2,064,492
Open 2021 Filing

Operations Trend

Revenue Growth53rd 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

2021

Revenue$157,068
Expenses$175,089
Net Income-$18,021
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 11, 2022
Return Version
2020v4.2
Gross Receipts
$493,686
Mission and Program Overview

Mission

Investing in student success and our community's future through scholarships and college development

Investing in student success and our community's future through scholarships and college development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,769,873$2,039,137▲ $269,264
Cash and Non-Interest-Bearing Accounts$26,180$24,586▼ $1,594
Total Assets$1,799,553$2,067,223▲ $267,670
Other Assets Total$3,500$3,500→ $0
Liabilities
Unsecured Notes Loans Payable$3,500$0▼ $3,500
Accounts Payable and Accrued Expenses$6,634$2,731▼ $3,903
Total Liabilities$10,134$2,731▼ $7,403
Net Assets / Fund Balance
Net Assets With Donor Restrictions$965,974$1,055,404▲ $89,430
Net Assets Without Donor Restrictions$823,445$1,009,088▲ $185,643
Total Net Assets Fund Balance$1,789,419$2,064,492▲ $275,073
Total Liabilities and Net Assets / Fund Balance$1,799,553$2,067,223▲ $267,670

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$914,756$15,937▲ $75,524-$1,000,753
2019$892,338$16,261▲ $13,907-$914,756
2018$871,358$23,191▲ $11,747-$892,338
2017$852,393$15,723▲ $17,292-$871,358
2016$789,069$55,987▲ $33,837-$852,393
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Anne HomkesFoundation Executive DirectorPT$18,530$18,530

Board Members and Trustees

NameTitle
Mike TurennePresident
Bruce WalkerBoard Member
Erik StrandBoard Member
Jerrod ShermoenBoard Member
Joann DornheckerBoard Member
Lindsey GouletBoard Member
Mary Sue CollinsBoard Member
Mike WilliamsBoard Member
Nancy RognerudBoard Member
Patti BallanBoard Member
Sue AndersonBoard Member
Tim AndersonBoard Member
Brad KrasawayDirector of Operations
Sue NordquistFaculty Board Member
Paul NevanenSecretary
Allen RasmussenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$62,591
Program Service Revenue
$0
Investment Income
$94,477
Other Revenue
$0
All Other Contributions
$62,591
Change in Net Assets
$-18,021

Audited Revenue Reconciliation

Revenue per Audited Statements
$157,068
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$293,094
Total Revenue per Audited Statements
$450,162
Total Revenue per Form 990
$157,068
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$135,672
Other Expenses$23,267
Salaries, Compensation, and Employee Benefits$16,150
Total Fundraising Expense$1,575
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$110,162--$110,162
Grants to Domestic Orgs$25,510--$25,510
Current Officers, Directors, Trustees, and Key Employees-$13,464$1,496$14,960
Fees for Service Investment Mgmnt Fees-$13,373-$13,373
Fees for Services Accounting-$8,566-$8,566
Payroll Taxes-$1,190-$1,190
Insurance-$773-$773
Other Expenses-$261$79$340
Office Expenses-$215-$215
Total Functional Expenses$135,672$37,842$1,575$175,089

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$175,089
Total Expenses per Audited Statements$175,089
Total Expenses per Form 990$175,089
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rainy River Community CollegeInternational Falls, MN-Higher Education$6,175
Rainy River Community CollegeInternational Falls, MN-Fitness Equipment-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
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
No
Audited financial statements prepared
Yes
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
2182852205
Address
1501 HIGHWAY 71, INTERNATIONAL FALLS, MN 56649

Signing Officer

Name
Michael P Turenne
Title
President
Phone
2182852205
Signed
2022-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael P Turenne
Formed
1988
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
1
Volunteers
0

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 foundation's 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.”

Raw XML AppendixShowing 400 of 480 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/InvestmentsPubTradedSecGrp/EOYAmt02039137
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0336618
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/NetAssetsOrFundBalancesBOYAmt01789419
IRS990/NetAssetsOrFundBalancesEOYAmt02064492
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt053793
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt053793
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0293094
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0823445
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01009088
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0215
IRS990/OfficeExpensesGrp/TotalAmt0215
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03500
IRS990/OtherAssetsTotalGrp/EOYAmt03500
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt079
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0261
IRS990/OtherExpensesGrp/TotalAmt0340
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01190
IRS990/PayrollTaxesGrp/TotalAmt01190
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL P TURENNE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt056005
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0162025
IRS990/PYInvestmentIncomeAmt080326
IRS990/PYOtherExpensesAmt034721
IRS990/PYOtherRevenueAmt0430
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-81578
IRS990/PYSalariesCompEmpBnftPaidAmt021593
IRS990/PYTotalExpensesAmt0218339
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0136761
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-18021
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt062591
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt056005
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt084180
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0129784
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0107751
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0440311
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt094477
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt049099
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0125545
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0200214
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0219834
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0689169
IRS990ScheduleA/PublicSupportCY170Pct00.38980
IRS990ScheduleA/PublicSupportPY170Pct00.39110
IRS990ScheduleA/PublicSupportTotal170Amt0440311
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt062591
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt056005
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt084180
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0129784
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0107751
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0440311
IRS990ScheduleA/TotalSupportAmt01129480
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/BeginningYearBalanceAmt0914756
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt015937
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01000753
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt05464
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt075524
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0892338
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt016261
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0914756
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt07750
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013907
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0871358
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt023191
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0892338
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt013958
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt011747
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0852393
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt015723
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0871358
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt014050
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt017292
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0789069
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt055987
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0852393
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt026500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt033837
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0175089
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0293094
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.53600
IRS990ScheduleD/RevenueNotReportedAmt0293094
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0157068
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 FOUNDATION'S 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.46400
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0175089
IRS990ScheduleD/TotalRevenuePerForm990Amt0157068
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0450162
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0175089
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0110162
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0117
IRS990ScheduleI/RecipientTable/CashGrantAmt06175
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt019335
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0HIGHER EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FITNESS EQUIPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0RAINY RIVER COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1RAINY RIVER COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0416007162
IRS990ScheduleI/RecipientTable/RecipientEIN1416007162
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01501 HWY 71
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11501 HWY 71
IRS990ScheduleI/RecipientTable/USAddress/CityNm0INTERNATIONAL FALLS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1INTERNATIONAL FALLS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd056649
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd156649
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE FOUNDATION LIASON AND PRESENTED TO THE FOUNDATION BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,067,223
Liabilities
$2,731
Net assets
$2,064,492
Revenue
$157,068
Expenses
$175,089
Net income
-$18,021
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
2021Detailed filing. Detailed filing data is available for this year.$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
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