Form 990 for tax year 2023
Filed by ROCHESTER COMMUNITY & TECHNICAL COLLEGE FOUNDATION.
Totals
- Total revenue
- $859,698
- Total expenses
- $519,324
- Contributions and grants received
- $624,833
- Grants paid
- $426,673
- Program service revenue
- $0
- Investment income
- $237,275
- Other revenue
- -$2,410
- Total assets, end of year
- $9,126,240
- Total liabilities, end of year
- $50,000
- Net assets or fund balances, end of year
- $9,076,240
- Program services expenses (Part IX)
- $437,270
- Management and general expenses
- $75,811
- Fundraising expenses
- $6,243
- Program service expenses (Part III)
- $437,270
Program services were 84.2% 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
$51,435
-
1f · All other contributions, gifts and grants
$573,398
-
3 · Investment income
total $237,275 · excluded $237,275
-
8a · Fundraising events: gross income
$7,357
-
8a · Fundraising events: contributions included on line 1c
$51,435
-
8b · Fundraising events: direct expenses
$9,767
-
8c · Net income from fundraising events
total -$2,410 · excluded -$2,410
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $426,673 · program services $426,673
-
11a · Fees: management
total $20,200 · management and general $20,200
-
11b · Fees: legal
total $25 · management and general $25
-
11c · Fees: accounting
total $17,850 · management and general $17,850
-
11f · Fees: investment management
total $24,023 · management and general $24,023
-
13 · Office expenses
total $16,447 · program services $4,858 · management and general $10,495 · fundraising $1,094
-
14 · Information technology
total $11,368 · program services $5,739 · management and general $480 · fundraising $5,149
-
19 · Conferences, conventions and meetings
total $2,738 · management and general $2,738
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $437,520 · end of year $811,658
-
3 · Pledges and grants receivable
beginning of year $16,873
-
9 · Prepaid expenses and deferred charges
beginning of year $43,966 · end of year $1,427
-
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 $7,510,408 · end of year $8,313,155
-
15 · Other assets
beginning of year $14,569
-
17 · Accounts payable and accrued expenses
beginning of year $6,294
-
25 · Other liabilities
beginning of year $142,015 · end of year $50,000
-
27 · Net assets without donor restrictions
beginning of year $77,918 · end of year $140,731
-
28 · Net assets with donor restrictions
beginning of year $7,797,109 · end of year $8,935,509
Mission and programs · 2023
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. DURING THE 2024 FISCAL YEAR, SCHOLARSHIPS WERE DISBURSED TO APPROXIMATELY 386 STUDENTS.
Expenses $381,411 · Grants $372,404
-
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 AND SUPPORTING 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 $55,859 · Grants $54,269
-
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.
As filed on the 2023 return.
Listed in Part VII
-
Markus LangMARKUS LANG
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Alex BrainardALEX BRAINARD
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Alex LairALEX LAIR
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan KrullJONATHAN KRULL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Ally Hanten EbertALLY HANTEN EBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Anthony ZuccoANTHONY ZUCCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ben TilsonBEN TILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Heather DonovanHEATHER DONOVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Laura SheehanLAURA SHEEHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Thu ParkTHU PARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Paulette TeigenPAULETTE TEIGEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Zen KuzykZEN KUZYK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff EigenheerJEFF EIGENHEER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sara MessinaSARA MESSINA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Emily TaylorEMILY 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
- 2023
- Filed
- 19 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423559349301202
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