Totals
- Total revenue
- $2,719,233
- Total expenses
- $1,768,311
- Contributions and grants received
- $2,598,273
- Grants paid
- $1,578,968
- Program service revenue
- $0
- Investment income
- $120,960
- Other revenue
- $0
- Total assets, end of year
- $4,096,939
- Total liabilities, end of year
- $244,488
- Net assets or fund balances, end of year
- $3,852,451
- Program services expenses (Part IX)
- $1,578,968
- Management and general expenses
- $168,747
- Fundraising expenses
- $20,596
- Program service expenses (Part III)
- $1,578,968
Program services were 89.3% 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.
-
1f · All other contributions, gifts and grants
$2,598,273
-
1g · Noncash contributions included above
$824,579
-
3 · Investment income
total $50,394 · excluded $50,394
-
7a · Gross sales of assets other than inventory
securities $761,573
-
7b · Less cost or other basis and sales expenses
securities $691,007
-
7c · Gain or loss
securities $70,566
-
7d · Net gain or loss
total $70,566 · related or exempt $70,566
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,578,968 · program services $1,578,968
-
5 · Compensation of officers, directors and key employees
total $42,703 · management and general $32,095 · fundraising $10,608
-
7 · Other salaries and wages
total $101,169 · management and general $97,271 · fundraising $3,898
-
11g · Fees: other
total $28,261 · management and general $28,261
-
12 · Advertising and promotion
total $4,592 · fundraising $4,592
-
13 · Office expenses
total $2,026 · management and general $2,026
-
16 · Occupancy
total $6,500 · management and general $6,500
-
17 · Travel
total $2,904 · management and general $2,594 · fundraising $310
-
24a · Other expenses: EVENT EXPENSE
total $1,188 · fundraising $1,188
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $125,715 · end of year $135,189
-
3 · Pledges and grants receivable
beginning of year $8,000 · end of year $1,005,000
-
10a · Land, buildings and equipment: cost or other basis
$21,122
-
10b · Land, buildings and equipment: accumulated depreciation
$21,122
-
11 · Investments: publicly traded securities
beginning of year $2,782,585 · end of year $2,944,387
-
15 · Other assets
beginning of year $8,547 · end of year $12,363
-
17 · Accounts payable and accrued expenses
beginning of year $209,114 · end of year $244,488
-
27 · Net assets without donor restrictions
beginning of year $149,179 · end of year $210,896
-
28 · Net assets with donor restrictions
beginning of year $2,566,554 · end of year $3,641,555
Mission and programs · 2022
Mission
TO EXPAND EDUCATIONAL OPPORTUNITIES AND ENHANCE ACADEMIC EXCELLENCE AT RIDGEWATER COLLEGE BY PROVIDING FINANCIAL AND COMMUNITY SUPPORT. THE FOUNDATION ACCOMPLISHES ITS MISSION THROUGH ITS ANNUAL AND CAPITAL FUNDRAISING CAMPAIGNS, WHICH RAISE FUNDS FOR SCHOLARSHIPS FOR STUDENTS, AND PROGRAM SUPPORT FOR COLLEGE DEPARTMENTS AND PROGRAMS.
-
ALL SUPPORT PROVIDED TO RIDGEWATER COLLEGE INCLUDING SCHOLARSHIPS, IN-KIND GIFTS, AND FUNDING FOR COLLEGE PROGRAMS.
Expenses $1,578,968 · Grants $1,578,968
-
SPECIAL PROJECTS - FUNDING GRANTED TO VARIOUS DEPARTMENTS OF RIDGEWATER COLLEGE TO ASSIST IN DEVELOPING CREATIVE PROJECTS OR PURCHASE EQUIPMENT DESIGNED TO ADVANCE THE COLLEGE MISSION.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kelly MagnusonKELLY MAGNUSON
FOUNDATION M
- Total calculated
- $124,053
- From this org
- $31,013
- From related orgs
- $93,040
- Other
- $0
- Hours/week
- 10 + 30 related
-
Mandy BaldryMANDY BALDRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amber EricksonAMBER ERICKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Beth GasserBETH GASSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stu GiereSTU GIERE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristi HaefnerKRISTI HAEFNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shane JohnsonSHANE JOHNSON
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Erika KellenERIKA KELLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Diane KnorrDIANE KNORR
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Colleen Thompson MichaelsCOLLEEN THOMPSON MICHAELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James MillerJAMES MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe NelsonJOE NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Leslie ValiantLESLIE VALIANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Mike WilliamsDR MIKE WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
-
RIDGEWATER COLLEGE
$866,058
SCHOLARSHIPS TO STUD
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430169349302923
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.