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Nonprofiteer
← RANKEN TECHNICAL COLLEGE

Form 990 for tax year 2024

Filed by RANKEN TECHNICAL COLLEGE.

Totals

Total revenue
$47,873,490
Total expenses
$42,724,873
Contributions and grants received
$9,400,746
Grants paid
$7,294,859
Program service revenue
$29,273,346
Investment income
$7,097,419
Other revenue
$2,101,979
Total assets, end of year
$155,617,118
Total liabilities, end of year
$20,214,127
Net assets or fund balances, end of year
$135,402,991
Program services expenses (Part IX)
$36,527,381
Management and general expenses
$5,377,436
Fundraising expenses
$820,056
Program service expenses (Part III)
$36,527,381

Program services were 85.5% 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.

  • 1e · Government grants (contributions)

    $7,090,772

  • 1f · All other contributions, gifts and grants

    $2,309,974

  • 2a · Program service revenue: TUITION

    total $28,751,515 · related or exempt $28,751,515

  • 2b · Program service revenue: FEES

    total $521,831 · related or exempt $521,831

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,025,994 · excluded $2,025,994

  • 6a · Gross rents

    real property $96,285

  • 6c · Rental income or loss

    real property $96,285 · personal property $0

  • 6d · Net rental income or loss

    total $96,285 · excluded $96,285

  • 7a · Gross sales of assets other than inventory

    securities $36,349,781 · other assets $229,100

  • 7b · Less cost or other basis and sales expenses

    securities $31,400,140 · other assets $107,316

  • 7c · Gain or loss

    securities $4,949,641 · other assets $121,784

  • 7d · Net gain or loss

    total $5,071,425 · excluded $5,071,425

  • 10a · Gross sales of inventory

    $3,370,775

  • 10b · Cost of goods sold

    $3,009,000

  • 10c · Net income from sales of inventory

    total $361,775 · excluded $361,775

  • 11a · Other revenue: OTHER INCOME

    total $846,481 · related or exempt $846,481

  • 11b · Other revenue: STUDENT HOUSING

    total $685,524 · related or exempt $685,524

  • 11c · Other revenue: FEDERAL FINANCIAL AID REIMBURSEMENT

    total $111,914 · related or exempt $111,914

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,643,919

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $7,294,859 · program services $7,294,859

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $892,124 · program services $749,384 · management and general $115,976 · fundraising $26,764

  • 7 · Other salaries and wages

    total $13,853,350 · program services $11,636,814 · management and general $1,800,935 · fundraising $415,601

  • 8 · Pension plan contributions

    total $188,415 · program services $158,269 · management and general $24,494 · fundraising $5,652

  • 9 · Other employee benefits

    total $1,455,869 · program services $1,222,930 · management and general $189,263 · fundraising $43,676

  • 10 · Payroll taxes

    total $1,192,643 · program services $1,001,820 · management and general $155,044 · fundraising $35,779

  • 11b · Fees: legal

    total $267,117 · management and general $267,117

  • 11c · Fees: accounting

    total $287,401 · management and general $287,401

  • 11f · Fees: investment management

    total $376,044 · management and general $376,044

  • 11g · Fees: other

    total $1,112,486 · program services $1,097,029 · management and general $9,274 · fundraising $6,183

  • 12 · Advertising and promotion

    total $1,027,589 · program services $1,027,589

  • 13 · Office expenses

    total $4,496,167 · program services $3,608,675 · management and general $789,594 · fundraising $97,898

  • 14 · Information technology

    total $197,625 · program services $162,052 · management and general $29,644 · fundraising $5,929

  • 16 · Occupancy

    total $1,740,547 · program services $1,653,520 · management and general $52,216 · fundraising $34,811

  • 17 · Travel

    total $56,421 · program services $56,421

  • 19 · Conferences, conventions and meetings

    total $200,769 · program services $200,769

  • 20 · Interest

    total $353,371 · management and general $353,371

  • 22 · Depreciation, depletion and amortization

    total $4,367,256 · program services $4,107,188 · management and general $130,034 · fundraising $130,034

  • 23 · Insurance

    total $767,653 · management and general $767,653

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $1,261,915 · program services $1,261,915

  • 24b · Other expenses: COLLISION PILOT PROGRAM

    total $306,358 · program services $306,358

  • 24c · Other expenses: CONSTRUCTION EXPENSE

    total $224,814 · program services $224,814

  • 24d · Other expenses: STUDENT TESTING FEES

    total $179,672 · program services $179,672

  • 24e · All other expenses

    total $624,408 · program services $577,303 · management and general $29,376 · fundraising $17,729

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,897,035 · end of year $390,337

  • 2 · Savings and temporary cash investments

    beginning of year $1,748,494 · end of year $7,110,133

  • 3 · Pledges and grants receivable

    beginning of year $284,333 · end of year $376,297

  • 4 · Accounts receivable

    beginning of year $1,549,057 · end of year $1,904,546

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $1,716,223 · end of year $1,792,052

  • 9 · Prepaid expenses and deferred charges

    beginning of year $117,993 · end of year $158,953

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

    $108,493,295

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

    $62,084,387

  • 10c · Land, buildings and equipment, net

    beginning of year $43,799,578 · end of year $46,408,908

  • 11 · Investments: publicly traded securities

    beginning of year $74,845,317 · end of year $78,963,510

  • 12 · Investments: other securities

    beginning of year $5,445,516 · end of year $7,020,597

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $6,303,875 · end of year $11,491,785

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,103,255 · end of year $3,040,314

  • 19 · Deferred revenue

    beginning of year $3,503,218 · end of year $3,290,642

  • 20 · Tax-exempt bond liabilities

    beginning of year $7,670,119 · end of year $13,883,171

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $117,512,513 · end of year $124,810,794

  • 28 · Net assets with donor restrictions

    beginning of year $9,918,316 · end of year $10,592,197

Mission and programs · 2024

Mission

RANKEN TECHNICAL COLLEGE IS A PRIVATE, NON-PROFIT, DEGREE-GRANTING INSTITUTION OF HIGHER LEARNING WHOSE PRIMARY MISSION IS TO PROVIDE THE COMPREHENSIVE EDUCATION AND TRAINING NECESSARY TO PREPARE STUDENTS FOR EMPLOYMENT AND ADVANCEMENT IN A VARIETY OF TECHNICAL FIELDS.

Activities or mission (Part I)

TO PROVIDE THE COMPREHENSIVE EDUCATION AND TRAINING NECESSARY TO PREPARE STUDENTS FOR EMPLOYMENT AND ADVANCEMENT IN A VARIETY OF TECHNICAL FIELDS.

  • 1,800 STUDENTS SERVED IN ASSOCIATED DEGREE PROGRAMS IN THIRTY-SIX TECHNICAL FIELDS AND BACHELOR OF SCIENCE DEGREES IN ARCHITECTURAL TECHNOLOGY STUDIES AND APPLIED MANAGEMENT. 600 STUDENTS SERVED IN CONTINUING EDUCATION PROGRAMS WITH CERTIFICATE GRANTING IN THIRTY-SIX AREAS. 1,800 STUDENTS SERVED IN INDUSTRIAL TRAINING PROGRAMS. RANKEN TECHNICAL COLLEGE IS A PRIVATE, NON-PROFIT INSTITUTION OF HIGHER EDUCATION. RICH WITH HISTORY, RANKEN HAS PROVIDED STUDENTS WITH TOP QUALITY EDUCATIONAL PROGRAMS FOR OVER 100 YEARS. RANKEN'S STATE-OF-THE-ART EQUIPMENT AND FACILITIES AND CAMPUS ARE CONTINUALLY UPDATED TO PROVIDE STUDENTS EXPOSURE TO CUTTING-EDGE TECHNOLOGY. (CONTINUED ON SCHEDULE O)

    Expenses $36,527,381 · Grants $7,294,859 · Revenue $30,917,265

As filed on the 2024 return.

Listed in Part VII

  • Jeff Pitts

    Vice Chair, Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Mike Train

    Chair, Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Steve Moss

    Secretary-Treasurer, Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Art McCoy PhD

    Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Bruno B Schmitter

    Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Damola Oshin

    Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Dave Schepers

    Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Joe Manganiello

    Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Michael Loynd

    Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Pamela B Jackson

    Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Phil Evans

    Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Randy Fusz

    Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Rebecca Fritsch

    Pt Yr Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Rhonda Hamm-Niebruegge

    Pt Yr Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Sarah Wendt

    Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Thomas A Gieseking

    Pt Yr Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Timothy Goodson

    Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Todd Gibson

    Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Vicki Dawkins

    Board Trustee

    Total calculated
    $0
    Hours/week
    1
  • Crystal A Herron

    VP of Student Success

    Total calculated
    $180,095
    From this org
    $167,539
    From related orgs
    $0
    Other
    $12,556
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $166,889
    Bonus
    $0
    Other
    $650
    Deferred
    $3,456
    Nontaxable benefits
    $9,100
    Filer's total
    $180,095
  • Donald J Pohl

    President

    Total calculated
    $268,681
    From this org
    $253,120
    From related orgs
    $0
    Other
    $15,561
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $252,470
    Bonus
    $0
    Other
    $650
    Deferred
    $5,169
    Nontaxable benefits
    $10,392
    Filer's total
    $268,681
  • Peter T Murtaugh

    VP of Finance and Admin

    Total calculated
    $274,033
    From this org
    $262,397
    From related orgs
    $0
    Other
    $11,636
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $259,126
    Bonus
    $2,621
    Other
    $650
    Deferred
    $5,379
    Nontaxable benefits
    $6,257
    Filer's total
    $274,033
  • Shannon C Brueggeman

    VP of Educaton

    Total calculated
    $155,046
    From this org
    $136,104
    From related orgs
    $0
    Other
    $18,942
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $135,454
    Bonus
    $0
    Other
    $650
    Deferred
    $2,928
    Nontaxable benefits
    $16,014
    Filer's total
    $155,046
  • Bradley M Thomas

    ELECTRICAL TECHNOLOGY INSTRUCTOR

    Total calculated
    $123,435
    From this org
    $110,659
    From related orgs
    $0
    Other
    $12,776
    Hours/week
    37.5
  • Derek L Babcock

    DIRECTOR - INFO AND FACILITIES

    Total calculated
    $127,688
    From this org
    $119,016
    From related orgs
    $0
    Other
    $8,672
    Hours/week
    37.5
  • Evan A Gudmestad

    INFO TECHNOLOGY DIVISION CHAIR

    Total calculated
    $133,302
    From this org
    $121,686
    From related orgs
    $0
    Other
    $11,616
    Hours/week
    37.5
  • Ryan P Dillon

    CONTROLLER

    Total calculated
    $193,825
    From this org
    $179,676
    From related orgs
    $0
    Other
    $14,149
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $176,076
    Bonus
    $3,600
    Other
    $0
    Deferred
    $3,722
    Nontaxable benefits
    $10,427
    Filer's total
    $193,825
  • Steven K Gordin

    ELECTRICAL TECHNOLOGY INSTRUCTOR

    Total calculated
    $126,314
    From this org
    $118,197
    From related orgs
    $0
    Other
    $8,117
    Hours/week
    37.5

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments
BONUS PAYMENT IS A FIXED AMOUNT UNLESS THE TEAM MEMBER DEMONSTRATES ABOVE AND BEYOND BEHAVIOR. THE TEAM MEMBER MUST BE IN GOOD STANDING BASED ON PERFORMANCE REVIEW. THE BONUS IS NOT CONTINGENT ON REVENUES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.1
Source object
202601329349304810

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