Totals
- Total revenue
- $45,836,998
- Total expenses
- $43,902,307
- Contributions and grants received
- $4,765,111
- Grants paid
- $15,152,282
- Program service revenue
- $39,778,164
- Investment income
- $830,663
- Other revenue
- $463,060
- Total assets, end of year
- $65,210,087
- Total liabilities, end of year
- $12,284,328
- Net assets or fund balances, end of year
- $52,925,759
- Program services expenses (Part IX)
- $41,546,428
- Management and general expenses
- $1,727,712
- Fundraising expenses
- $628,167
- Program service expenses (Part III)
- $41,546,428
Program services were 94.6% 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.
-
1c · Fundraising events
$157,813
-
1e · Government grants (contributions)
$2,504,194
-
1f · All other contributions, gifts and grants
$2,103,104
-
1g · Noncash contributions included above
$23,225
-
2a · Program service revenue: STUDENT TUITION & FEES
total $38,021,924 · related or exempt $38,021,924
-
2b · Program service revenue: AUXILI. ENTER. - FOOD
total $1,579,045 · related or exempt $1,579,045
-
2c · Program service revenue: AUXILIARY ENTERPRISES
total $177,195 · related or exempt $177,195
-
3 · Investment income
total $552,269 · excluded $552,269
-
5 · Royalties
total $82,251 · excluded $82,251
-
6a · Gross rents
real property $265,772
-
6b · Less rental expenses
real property $124,161
-
6c · Rental income or loss
real property $141,611
-
6d · Net rental income or loss
total $141,611 · excluded $141,611
-
7a · Gross sales of assets other than inventory
securities $554,042 · other assets $90,000
-
7b · Less cost or other basis and sales expenses
securities $363,257 · other assets $2,391
-
7c · Gain or loss
securities $190,785 · other assets $87,609
-
7d · Net gain or loss
total $278,394 · excluded $278,394
-
8a · Fundraising events: gross income
$83,457
-
8a · Fundraising events: contributions included on line 1c
$157,813
-
8b · Fundraising events: direct expenses
$50,804
-
8c · Net income from fundraising events
total $32,653 · excluded $32,653
-
11a · Other revenue: MISCELLANEOUS INCOME
total $206,545 · excluded $206,545
-
11e · Other revenue, total
$206,545
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $15,152,282 · program services $15,152,282
-
5 · Compensation of officers, directors and key employees
total $894,213 · program services $286,148 · management and general $473,933 · fundraising $134,132
-
7 · Other salaries and wages
total $10,930,267 · program services $10,274,451 · management and general $437,211 · fundraising $218,605
-
8 · Pension plan contributions
total $334,572 · program services $314,498 · management and general $13,383 · fundraising $6,691
-
9 · Other employee benefits
total $1,392,308 · program services $1,155,616 · management and general $181,000 · fundraising $55,692
-
10 · Payroll taxes
total $883,327 · program services $777,328 · management and general $70,666 · fundraising $35,333
-
11b · Fees: legal
total $27,217 · management and general $27,217
-
11c · Fees: accounting
total $105,625 · management and general $105,625
-
11f · Fees: investment management
total $58,976 · management and general $58,976
-
12 · Advertising and promotion
total $367,205 · program services $352,517 · management and general $11,016 · fundraising $3,672
-
13 · Office expenses
total $164,838 · program services $131,870 · management and general $6,594 · fundraising $26,374
-
14 · Information technology
total $908,488 · program services $853,979 · management and general $9,085 · fundraising $45,424
-
16 · Occupancy
total $3,372,085 · program services $3,286,472 · management and general $50,651 · fundraising $34,962
-
17 · Travel
total $337,706 · program services $307,313 · management and general $13,508 · fundraising $16,885
-
19 · Conferences, conventions and meetings
total $12,488 · program services $3,372 · management and general $9,116
-
20 · Interest
total $282,778 · program services $282,778
-
22 · Depreciation, depletion and amortization
total $1,820,893 · program services $1,820,893
-
23 · Insurance
total $329,176 · program services $329,176
-
24a · Other expenses: TEMP-RESTRICTED AID
total $1,266,222 · program services $1,266,222
-
24b · Other expenses: FOOD SERVICE
total $1,153,470 · program services $1,153,470
-
24c · Other expenses: BAD DEBT
total $818,290 · program services $818,290
-
24e · All other expenses
total $3,289,881 · program services $2,979,753 · management and general $259,731 · fundraising $50,397
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,082,505 · end of year $1,362,264
-
2 · Savings and temporary cash investments
beginning of year $1,523,448 · end of year $1,610,667
-
3 · Pledges and grants receivable
beginning of year $14,998 · end of year $0
-
4 · Accounts receivable
beginning of year $1,566,080 · end of year $1,977,559
-
7 · Other notes and loans receivable
beginning of year $1,826,634 · end of year $3,078,074
-
9 · Prepaid expenses and deferred charges
beginning of year $502,307 · end of year $566,684
-
10a · Land, buildings and equipment: cost or other basis
$84,282,824
-
10b · Land, buildings and equipment: accumulated depreciation
$58,635,905
-
10c · Land, buildings and equipment, net
beginning of year $22,479,718 · end of year $25,646,919
-
12 · Investments: other securities
beginning of year $13,160,284 · end of year $15,340,325
-
15 · Other assets
beginning of year $14,414,990 · end of year $15,627,595
-
17 · Accounts payable and accrued expenses
beginning of year $2,015,244 · end of year $1,944,260
-
19 · Deferred revenue
beginning of year $381,950 · end of year $419,462
-
20 · Tax-exempt bond liabilities
beginning of year $3,141,959 · end of year $2,899,999
-
23 · Secured mortgages and notes payable
beginning of year $3,662,032 · end of year $4,938,186
-
24 · Unsecured notes and loans payable
beginning of year $1,025,000 · end of year $987,500
-
25 · Other liabilities
beginning of year $1,365,375 · end of year $1,094,921
-
27 · Net assets without donor restrictions
beginning of year $15,434,670 · end of year $15,807,804
-
28 · Net assets with donor restrictions
beginning of year $32,544,734 · end of year $37,117,955
Mission and programs · 2023
Mission
TO EDUCATE PEOPLE TO LEAD RESPONSIBLE LIVES BY MEANS OF A CURRICULUM GROUNDED IN LIBERAL ARTS LEARNING AND COMPLEMENTED AND EXTENDED BY PROFESSIONAL AND PRACTICAL EXPERIENCE, THROUGH THE TOTAL ACADEMIC AND CO-CURRICULAR EXPERIENCE (MISSION CONTINUED ON SCH. O) ROCKFORD UNIVERSITY STRIVES TO PREPARE STUDENTS FOR FULFILLING LIVES, CAREERS AND PARTICIPATION IN A MODERN AND CHANGING GLOBAL SOCIETY.
Activities or mission (Part I)
TO EDUCATE PEOPLE TO LEAD RESPONSIBLE LIVES BY MEANS OF A CURRICULUM GROUNDED IN LIBERAL ARTS LEARNING AND COMPLETED AND EXTENDED BY PROFESSIONAL AND PRACTICAL EXPERIENCE. THROUGH THE TOTAL ACADEMIC AND CO-CURRICULAR EXPERIENCE, ROCKFORD UNIVERSITY STRIVES TO PREPARE STUDENTS FOR FULFILLING LIVES, CAREERS AND PARTICIPATION IN A MODERN AND CHANGING GLOBAL SOCIETY.
-
FOUR YEAR GRADUATE AND UNDERGRADUATE COLLEGE IN ROCKFORD, IL.
Expenses $30,044,835 · Grants $15,152,282 · Revenue $38,021,590
-
OPERATIONS AND MAINTENANCE OF PLANT FOR FOUR YEAR GRADUATE AND UNDERGRADUATE UNIVERSITY.
Expenses $5,719,320
-
AUXILIARY ENTERPRISES (RESIDENCE HALLS AND DINING SERVICES)
Expenses $1,153,470 · Revenue $1,756,574
-
ALL OTHER SERVICES.
Expenses $4,628,803
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Patricia LynottPATRICIA LYNOTT
PRESIDENT
- Total calculated
- $277,119
- From this org
- $277,119
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $277,119
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $277,119
-
Rebecca EppersonREBECCA EPPERSON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
L Thomas HeiserL THOMAS HEISER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffry PotterJEFFRY POTTER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Greg AllenGREG ALLEN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Aaron PotterAARON POTTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anisha GrimmettANISHA GRIMMETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chad BrighamCHAD BRIGHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Charles BoxCHARLES BOX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Deborah BreiterDR DEBORAH BREITER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth DonovanELIZABETH DONOVAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth HegelELIZABETH HEGEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Frank E WalterFRANK E WALTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James W KeelingJAMES W KEELING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joel MooreJOEL MOORE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Keith AkreKEITH AKRE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kristin SmithKRISTIN SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lesly CouperLESLY COUPER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marci TaetsMARCI TAETS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mary Ann LaudicinaMARY ANN LAUDICINA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nor AlameryNOR ALAMERY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Patti TumilowiczPATTI TUMILOWICZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Teresa Beach-ShelowTERESA BEACH-SHELOW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Randy WordenRANDY WORDEN
VP STUDENT LIFE & DEAN OF
- Total calculated
- $127,573
- From this org
- $111,697
- From related orgs
- $0
- Other
- $15,876
- Hours/week
- 40
-
Linda SandqusitLINDA SANDQUSIT
VP ADVANCEMENT (TERM 04/2024)
- Total calculated
- $126,007
- From this org
- $101,180
- From related orgs
- $0
- Other
- $24,827
- Hours/week
- 40
-
John DiraimondoJOHN DIRAIMONDO
VP FINANCE AND CFO
- Total calculated
- $124,626
- From this org
- $94,397
- From related orgs
- $0
- Other
- $30,229
- Hours/week
- 40
-
Deepshikha ShuklaDEEPSHIKHA SHUKLA
PROVOST AND VP ACADEMIC AFFAIRS
- Total calculated
- $99,035
- From this org
- $78,036
- From related orgs
- $0
- Other
- $20,999
- Hours/week
- 40
-
Lisa Custardo FormerLISA CUSTARDO FORMER
VP FINANCE AND CFO (TERM 05/2023)
- Total calculated
- $80,345
- From this org
- $69,173
- From related orgs
- $0
- Other
- $11,172
- Hours/week
- 40
-
Elizabeth DaviesELIZABETH DAVIES
PROVOST AND VP ACADEMIC AFFAIRS
- Total calculated
- $52,862
- From this org
- $46,546
- From related orgs
- $0
- Other
- $6,316
- Hours/week
- 40
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
- 1a · Tax indemnification and gross-up payments
- 1a · Housing allowance or residence for personal use
- 1a · Payments for business use of a personal residence
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541339349308989
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