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← ROCHESTER COMMUNITY & TECHNICAL COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by ROCHESTER COMMUNITY & TECHNICAL COLLEGE FOUNDATION.

Totals

Total revenue
$1,024,437
Total expenses
$631,509
Contributions and grants received
$587,311
Grants paid
$539,940
Program service revenue
$0
Investment income
$427,567
Other revenue
$9,559
Total assets, end of year
$10,227,347
Total liabilities, end of year
$69,786
Net assets or fund balances, end of year
$10,157,561
Program services expenses (Part IX)
$549,539
Management and general expenses
$80,835
Fundraising expenses
$1,135
Program service expenses (Part III)
$549,539

Program services were 87.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $20,000

  • 1f · All other contributions, gifts and grants

    $567,311

  • 3 · Investment income

    total $427,567 · excluded $427,567

  • 8a · Fundraising events: gross income

    $13,630

  • 8a · Fundraising events: contributions included on line 1c

    $20,000

  • 8b · Fundraising events: direct expenses

    $4,775

  • 8c · Net income from fundraising events

    total $8,855 · excluded $8,855

  • 11a · Other revenue: MISCELLANEOUS

    total $704 · excluded $704

  • 11e · Other revenue, total

    $704

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $539,940 · program services $539,940

  • 11a · Fees: management

    total $20,874 · management and general $20,874

  • 11b · Fees: legal

    total $25 · management and general $25

  • 11c · Fees: accounting

    total $19,000 · management and general $19,000

  • 11f · Fees: investment management

    total $31,993 · management and general $31,993

  • 13 · Office expenses

    total $7,646 · management and general $7,243 · fundraising $403

  • 14 · Information technology

    total $6,641 · program services $5,739 · management and general $170 · fundraising $732

  • 19 · Conferences, conventions and meetings

    total $1,530 · management and general $1,530

  • 24a · Other expenses: SCHOLARSHIP CEREMONY

    total $3,860 · program services $3,860

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $811,658 · end of year $774,192

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,427 · end of year $7,983

  • 10a · Land, buildings and equipment: cost or other basis

    $7,176

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,176

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $8,313,155 · end of year $9,445,172

  • 17 · Accounts payable and accrued expenses

    end of year $9,776

  • 25 · Other liabilities

    beginning of year $50,000 · end of year $60,010

  • 27 · Net assets without donor restrictions

    beginning of year $140,731 · end of year $177,104

  • 28 · Net assets with donor restrictions

    beginning of year $8,935,509 · end of year $9,980,457

Mission and programs · 2024

Mission

IMPROVE LIVES WITH THE SUPPORT OF QUALITY, AFFORDABLE, ACCESSIBLE HIGHER EDUCATION.

Activities or mission (Part I)

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.

  • ROCHESTER COMMUNITY AND TECHNICAL COLLEGE FOUNDATION OFFERS A SCHOLARSHIP PROGRAM. THIS PROGRAM WORKS WITH NUMEROUS DONORS TO PROVIDE SCHOLARSHIPS FOR NEW, RETURNING, AND GRADUATING RCTC STUDENTS. SCHOLARSHIPS RANGE FROM $500 TO FULL TUITION SCHOLARSHIPS. DURING THE 2025 FISCAL YEAR, SCHOLARSHIPS WERE AWARDED TO APPROXIMATELY 410 STUDENTS.

    Expenses $421,365 · Grants $414,166

  • ROCHESTER 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.

    Expenses $128,174 · Grants $125,774

  • ROCHESTER 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.

As filed on the 2024 return.

Listed in Part VII

  • Markus Lang

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alex Brainard

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Alex Lair

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Krull

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ally Hanten Ebert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tony Zucco

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Heather Donovan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Laura Sheehan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Thu Park

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Paulette Teigen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Zen Kuzyk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Eigenheer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sara Messina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Emily Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
30 September 2025
IRS schema version
2024v5.2
Source object
202542799349300029

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