Form 990 for tax year 2022
Filed by ROCHESTER COMMUNITY & TECHNICAL COLLEGE FOUNDATION.
Totals
- Total revenue
- $826,292
- Total expenses
- $410,848
- Contributions and grants received
- $604,959
- Grants paid
- $327,736
- Program service revenue
- $0
- Investment income
- $231,537
- Other revenue
- -$10,204
- Total assets, end of year
- $8,023,336
- Total liabilities, end of year
- $148,309
- Net assets or fund balances, end of year
- $7,875,027
- Program services expenses (Part IX)
- $327,736
- Management and general expenses
- $66,415
- Fundraising expenses
- $16,697
- Program service expenses (Part III)
- $327,736
Program services were 79.8% 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
$30,398
-
1f · All other contributions, gifts and grants
$574,561
-
3 · Investment income
total $231,537 · excluded $231,537
-
8a · Fundraising events: gross income
$3,000
-
8a · Fundraising events: contributions included on line 1c
$30,398
-
8b · Fundraising events: direct expenses
$13,204
-
8c · Net income from fundraising events
total -$10,204 · excluded -$10,204
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,142 · program services $6,142
-
2 · Grants to domestic individuals
total $321,594 · program services $321,594
-
11c · Fees: accounting
total $26,712 · management and general $26,712
-
11f · Fees: investment management
total $23,572 · management and general $23,572
-
12 · Advertising and promotion
total $2,320 · fundraising $2,320
-
13 · Office expenses
total $14,262 · management and general $8,773 · fundraising $5,489
-
14 · Information technology
total $13,888 · management and general $5,000 · fundraising $8,888
-
19 · Conferences, conventions and meetings
total $730 · management and general $730
-
23 · Insurance
total $1,476 · management and general $1,476
-
24a · Other expenses: OAKS EVENT EXPENSE
total $152 · management and general $152
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $388,079 · end of year $437,520
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $16,873
-
9 · Prepaid expenses and deferred charges
beginning of year $21,693 · end of year $43,966
-
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 $6,622,754 · end of year $7,510,408
-
15 · Other assets
beginning of year $14,494 · end of year $14,569
-
17 · Accounts payable and accrued expenses
beginning of year $3,793 · end of year $6,294
-
25 · Other liabilities
beginning of year $182,749 · end of year $142,015
-
27 · Net assets without donor restrictions
beginning of year $102,812 · end of year $77,918
-
28 · Net assets with donor restrictions
beginning of year $6,757,666 · end of year $7,797,109
Mission and programs · 2022
Mission
IMPROVE LIVES WITH SUPPORT OF QUALITY, AFFORDABLE, ACCESSIBLE HIGHER EDUCATION.
Activities or mission (Part I)
RCTC FOUNDATION IMPROVES 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 2023 FISCAL YEAR SCHOLARSHIPS WERE DISBURSED TO APPROXIMATELY 300 STUDENTS.
Expenses $321,594 · Grants $321,594
-
ROCHESTER COMMUNITY AND TECHNICAL COLLEGE FOUNDATION PROVIDES SUPPORT TO STUDENT CLUBS. FUNDS ARE ALLOCATED TO VARIOUS STUDENT CLUBS ON CAMPUS TO ASSIST IN THE COSTS OF THE ACTIVITIES.
Expenses $6,142 · Grants $6,142
-
ROCHESTER COMMUNITY AND TECHNICAL COLLEGE FOUNDATION PROVIDES STUDENT HANDS ON LEARNING. GIFTS-IN-KIND OF PROGRAM EQUIPMENT AND SUPPLIES ARE ALLOCATED TO DIFFERENT DEPARTMENTS AND PROGRAMS TO ASSIST STUDENTS IN HANDS-ON LEARNING.
As filed on the 2022 return.
Listed in Part VII
-
Matt HoraceMATT HORACE
DIRECTOR (END 6/30/23)
- Total calculated
- $0
- Hours/week
- 0.5
-
Opal RichardsOPAL RICHARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Peggy VevangPEGGY VEVANG
DIRECTOR (END 4/30/23)
- Total calculated
- $0
- Hours/week
- 0.5
-
Paulette TeigenPAULETTE TEIGEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ally Hanten EbertALLY HANTEN EBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Katie BeckerKATIE BECKER
DIRECTOR (END 9/6/22)
- Total calculated
- $0
- Hours/week
- 0.5
-
Ahmitara AlwalAHMITARA ALWAL
DIRECTOR (END 6/30/23)
- Total calculated
- $0
- Hours/week
- 0.5
-
Alex BrainardALEX BRAINARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Anthony ZuccoANTHONY ZUCCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Thu ParkTHU PARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Laura SheehanLAURA SHEEHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Heather DonovanHEATHER DONOVAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Alex LairALEX LAIR
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Tony JosephTONY JOSEPH
VICE PRESIDENT (END 6/30/23)
- Total calculated
- $0
- Hours/week
- 1
-
Markus LangMARKUS LANG
PRESIDENT
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333549349301203
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.