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Nonprofiteer
← RANKEN TECHNICAL COLLEGE

Form 990 for tax year 2022

Filed by RANKEN TECHNICAL COLLEGE.

Totals

Total revenue
$43,580,266
Total expenses
$42,562,759
Contributions and grants received
$12,212,457
Grants paid
$8,993,374
Program service revenue
$28,023,124
Investment income
$2,004,014
Other revenue
$1,340,671
Total assets, end of year
$135,255,488
Total liabilities, end of year
$16,937,288
Net assets or fund balances, end of year
$118,318,200
Program services expenses (Part IX)
$36,867,847
Management and general expenses
$4,902,113
Fundraising expenses
$792,799
Program service expenses (Part III)
$36,867,847

Program services were 86.6% 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)

    $10,425,277

  • 1f · All other contributions, gifts and grants

    $1,787,180

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: TUITION

    total $27,851,686 · related or exempt $27,851,686

  • 2b · Program service revenue: FEES

    total $171,438 · related or exempt $171,438

  • 3 · Investment income

    total $1,736,597 · excluded $1,736,597

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $75,383

  • 6c · Rental income or loss

    real property $75,383 · personal property $0

  • 6d · Net rental income or loss

    total $75,383 · excluded $75,383

  • 7a · Gross sales of assets other than inventory

    securities $43,289,672 · other assets $17,162

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

    securities $43,022,255 · other assets $17,162

  • 7c · Gain or loss

    securities $267,417

  • 7d · Net gain or loss

    total $267,417 · excluded $267,417

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $2,281,600

  • 10b · Cost of goods sold

    $2,219,742

  • 10c · Net income from sales of inventory

    total $61,858 · excluded $61,858

  • 11a · Other revenue: STUDENT HOUSING

    total $507,710 · related or exempt $507,710

  • 11b · Other revenue: FEDERAL FINANCIAL AID REIMBURSEMENT

    total $111,672 · related or exempt $111,672

  • 11c · Other revenue: OTHER INCOME

    total $584,048 · related or exempt $584,048

  • 11e · Other revenue, total

    $1,203,430

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $8,993,374 · program services $8,993,374

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $960,983 · program services $807,226 · management and general $124,928 · fundraising $28,829

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $14,365,571 · program services $12,067,080 · management and general $1,867,524 · fundraising $430,967

  • 8 · Pension plan contributions

    total $428,800 · program services $360,192 · management and general $55,744 · fundraising $12,864

  • 9 · Other employee benefits

    total $1,477,424 · program services $1,241,036 · management and general $192,065 · fundraising $44,323

  • 10 · Payroll taxes

    total $1,087,003 · program services $913,083 · management and general $141,310 · fundraising $32,610

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $28,211 · management and general $28,211

  • 11c · Fees: accounting

    total $388,449 · management and general $388,449

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,077,058 · program services $741,923 · management and general $335,092 · fundraising $43

  • 12 · Advertising and promotion

    total $1,089,638 · program services $1,089,638

  • 13 · Office expenses

    total $4,422,557 · program services $3,604,955 · management and general $737,042 · fundraising $80,560

  • 14 · Information technology

    total $76,633 · program services $62,839 · management and general $11,495 · fundraising $2,299

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,612,940 · program services $1,532,293 · management and general $48,388 · fundraising $32,259

  • 17 · Travel

    total $50,196 · program services $50,196

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $244,251 · management and general $244,251

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,833,037 · program services $3,604,245 · management and general $114,396 · fundraising $114,396

  • 23 · Insurance

    total $585,110 · management and general $585,110

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $710,670 · program services $710,670

  • 24b · Other expenses: DORM GRANT EXPENSE

    total $114,784 · program services $114,784

  • 24c · Other expenses: CONSTRUCTION EXPENSE

    total $80,893 · program services $80,893

  • 24d · Other expenses: COLLISION PILOT PROGRAM

    total $455,980 · program services $455,980

  • 24e · All other expenses

    total $479,197 · program services $437,440 · management and general $28,108 · fundraising $13,649

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,637,878 · end of year $7,198,653

  • 2 · Savings and temporary cash investments

    beginning of year $1,660,268 · end of year $1,594,371

  • 3 · Pledges and grants receivable

    beginning of year $1,228,540 · end of year $5,114,233

  • 4 · Accounts receivable

    beginning of year $1,030,914 · end of year $917,234

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $1,456,577 · end of year $1,514,167

  • 9 · Prepaid expenses and deferred charges

    beginning of year $108,610 · end of year $94,872

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

    $94,990,979

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

    $54,532,560

  • 10c · Land, buildings and equipment, net

    beginning of year $39,729,434 · end of year $40,458,419

  • 11 · Investments: publicly traded securities

    beginning of year $72,755,813 · end of year $75,739,290

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,615,405 · end of year $2,624,249

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,065,862 · end of year $3,093,228

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $2,687,007 · end of year $3,513,653

  • 20 · Tax-exempt bond liabilities

    beginning of year $9,402,450 · end of year $8,547,271

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,088,304 · end of year $1,783,136

  • 27 · Net assets without donor restrictions

    beginning of year $102,645,843 · end of year $104,548,057

  • 28 · Net assets with donor restrictions

    beginning of year $9,333,973 · end of year $13,770,143

Mission and programs · 2022

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.

  • 1,900 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 NEARLY 100 YEARS. RANKEN'S STATE-OF-THE-ART EQUIPMENT AND FACILITIES AND CAMPUS ARE CONTINUALLY UPDATED TO PROVIDE STUDENTS EXPOSURE TO CUTTING-EDGE TECHNOLOGY. THROUGH DAY AND CONTINUING EDUCATION PROGRAMS, RANKEN STUDENTS ARE TRAINED TO ENTER OVER 100 PROFESSIONAL FIELDS. EACH PROGRAM FEATURES: - A COMBINATION OF TECHNICAL STUDIES, GENERAL EDUCATION AND PROFESSIONALISM - HANDS-ON EXPERIENCE IN A VARIETY OF TECHNICAL FIELDS - INVOLVED AND EXPERIENCED FACULTY - LIFETIME JOB PLACEMENT RANKEN'S GREAT REPUTATION AMONG BUSINESS AND INDUSTRY HELPS STUDENTS FIND JOBS. OUR GRADUATES EACH HAVE EXPOSURE TO AN AVERAGE OF FIVE TO SEVEN JOB OPPORTUNITIES. TO ENSURE THE REAL-WORLD RELEVANCE OF WHAT WE TEACH, TECHNICAL ADVISORY COMMITTEES MADE UP OF INDUSTRY REPRESENTATIVES HELP GUIDE AND SHAP PROGRAM CURRICULUM. RANKEN'S GREAT REPUTATION AMONG BUSINESS AND INDUSTRY HELPS STUDENTS FIND JOBS. OUR GRADUATES EACH HAVE EXPOSURE TO AN AVERAGE OF FIVE TO SEVEN JOB OPPORTUNITIES. TO ENSURE THE REAL-WORLD RELEVANCE OF WHAT WE TEACH, TECHNICAL ADVISORY COMMITTEES MADE UP OF INDUSTRY REPRESENTATIVES HELP GUIDE AND SHAPE PROGRAM CURRICULUM.

    Expenses $36,867,847 · Grants $8,993,374 · Revenue $29,226,554

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Peter T Murtaugh

    VP OF FINANCE AND ADMIN

    Total calculated
    $287,574
    From this org
    $249,880
    From related orgs
    $0
    Other
    $37,694
    Hours/week
    37.5 + 2 related

    Schedule J breakdown matched by us

    Base
    $243,545
    Bonus
    $4,893
    Other
    $1,442
    Deferred
    $27,000
    Nontaxable benefits
    $10,694
    Filer's total
    $287,574
  • Donald J Pohl

    PRESIDENT

    Total calculated
    $275,573
    From this org
    $240,923
    From related orgs
    $0
    Other
    $34,650
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $237,399
    Bonus
    $2,374
    Other
    $1,150
    Deferred
    $20,500
    Nontaxable benefits
    $14,150
    Filer's total
    $275,573
  • Crystal Herron

    VP FOR STUDENT SUCCESS

    Total calculated
    $180,021
    From this org
    $161,919
    From related orgs
    $0
    Other
    $18,102
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $157,586
    Bonus
    $3,183
    Other
    $1,150
    Deferred
    $6,666
    Nontaxable benefits
    $11,436
    Filer's total
    $180,021
  • Dan Kania

    PART YEAR VP FOR EDUCATION

    Total calculated
    $141,116
    From this org
    $131,824
    From related orgs
    $0
    Other
    $9,292
    Hours/week
    37.5
  • Robert Callanan

    AUTOMOTIVE TECH DIVISION CHAIR

    Total calculated
    $136,924
    From this org
    $120,389
    From related orgs
    $0
    Other
    $16,535
    Hours/week
    37.5
  • Evan Gudmestad

    INFO TECH DIVISION CHAIR

    Total calculated
    $132,530
    From this org
    $111,748
    From related orgs
    $0
    Other
    $20,782
    Hours/week
    35
  • Derek Babcock

    DIRECTOR INFO AND FACILITY

    Total calculated
    $126,383
    From this org
    $112,723
    From related orgs
    $0
    Other
    $13,660
    Hours/week
    37.5
  • Mark Malcinski

    INDUST ENG TECH DEPT CHAIR

    Total calculated
    $115,554
    From this org
    $103,617
    From related orgs
    $0
    Other
    $11,937
    Hours/week
    35
  • William Stewart

    AUTO MAINTENANCE INSTRUCTOR

    Total calculated
    $112,476
    From this org
    $104,456
    From related orgs
    $0
    Other
    $8,020
    Hours/week
    37.5
  • Shannon C Brueggemann

    VICE PRESIDENT FOR EDUCATION

    Total calculated
    $109,680
    From this org
    $84,220
    From related orgs
    $0
    Other
    $25,460
    Hours/week
    37.5
  • Vicki Dawkins

    TRUSTEE

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

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Sarah Wendt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Phil Evans

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Rebecca Fritsch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Randy Fusz

    TRUSTEE

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

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Timothy Goodson

    TRUSTEE

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

    VICE-CHAIR

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

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael Loynd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ART MCCOY PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • John Jeffrey Pitts

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dave Schepers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mike Train

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Steve Moss

    SECRETARY-TREASURER

    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. 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 survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313479349301506

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