2026-05-13T14:29:39-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2024-07-01 362167842 ROCKFORD UNIVERSITY ROCK 8152264000 5050 E STATE ST ROCKFORD IL 61108 JOHN DIRAIMONDO CFO 8152264000 2026-05-11 1 1 MARK HEROUX P00959793 3127298000 2026-05-11 2024 2025-03-06 01:10:19Z PATRICIA LYNOTT 5050 E STATE ST ROCKFORD IL 61108 46490418 0 X WWW.ROCKFORD.EDU X 1942 IL TO EDUCATE MEN & WOMEN 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. 21 20 660 16 0 10295 4765111 3383483 39778164 40697354 830663 966772 463060 564300 45836998 45611909 15152282 15817549 0 0 14434687 14241144 0 0 720266 14315338 15799432 43902307 45858125 1934691 -246216 65210087 67917334 12284328 12612905 52925759 55304429 X TO EDUCATE MEN & WOMEN 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, ROCKFORD UNIVERSITY STRIVES TO PREPARE STUDENTS FOR FULFILLING LIVES, CAREERS AND PARTICIPATION IN A MODERN AND CHANGING GLOBAL SOCIETY. 0 0 30768336 15817549 38799428 FOUR YEAR GRADUATE AND UNDERGRADUATE COLLEGE IN ROCKFORD, IL. 3111427 OPERATIONS AND MAINTENANCE OF PLANT FOR FOUR YEAR GRADUATE AND UNDERGRADUATE UNIVERSITY. 1199441 1745479 AUXILIARY ENTERPRISES (RESIDENCE HALLS AND DINING SERVICES) 8081322 152447 ALL OTHER SERVICES. 8081322 152447 43160526 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 79 0 1 660 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOHN DIRAIMONDO 8152264006 5050 E STATE ST ROCKFORD IL 61108 PATRICIA LYNOTT PRESIDENT 40.00 X X 299637 0 11574 MARCI TAETS CHAIR 1.00 X X 0 0 0 GREG ALLEN VICE CHAIR 1.00 X X 0 0 0 JEFFRY POTTER SECRETARY 1.00 X X 0 0 0 AARON POTTER TREASURER 1.00 X X 0 0 0 KEITH AKRE TRUSTEE 1.00 X 0 0 0 CHARLES BOX TRUSTEE 1.00 X 0 0 0 CHAD BRIGHAM TRUSTEE 1.00 X 0 0 0 LESLY COUPER TRUSTEE 1.00 X 0 0 0 ELIZABETH DONOVAN TRUSTEE 1.00 X 0 0 0 REBECCA EPPERSON TRUSTEE 1.00 X 0 0 0 ANISHA GRIMMETT TRUSTEE 1.00 X 0 0 0 ELIZABETH HEGEL TRUSTEE 1.00 X 0 0 0 MICHAEL IASPARRO TRUSTEE 1.00 X 0 0 0 JAMES KEELING TRUSTEE 1.00 X 0 0 0 JOEL MOORE TRUSTEE 1.00 X 0 0 0 ANTHONY SCANDROLI TRUSTEE 1.00 X 0 0 0 ELAINE SHARPE TRUSTEE 1.00 X 0 0 0 KRISTIN SMITH TRUSTEE 1.00 X 0 0 0 PATTI TUMILOWICZ TRUSTEE 1.00 X 0 0 0 FRANK WALTER TRUSTEE 1.00 X 0 0 0 RANDY WORDEN VP STUDENT LIFE & DEAN OF 40.00 X 125884 0 15987 LINDA SANDQUSIT FORMER VP ADVANCEMENT (TERM 04/2024) 40.00 X 45855 0 8925 JOHN DIRAIMONDO VP FINANCE AND CFO 40.00 X 116271 0 32991 ELIZABETH DAVIES PROVOST AND VP ACADEMIC AFFAIRS 40.00 X 141348 0 31246 MEGAN FRANKFOTHER VP ENROLLMENT MANAGEMENT 40.00 X 99143 0 16966 828138 0 117689 4 0 1 0 NATIONAL MANAGEMENT RESOURCES 113 CORPORATE PARK EAST DRIVE E LAGRANGE GA 30241 CAMPUS OPERATIONS & MAINTENANCE 1753031 FRESH IDEAS MANAGEMENT INC PO BOX 91337 CHICAGO IL 60693 CAMPUS FOOD SERVICE 1574142 GREENLINK SOLAR SOLUTIONS INC 3006 FOREST VIEW RD ROCKFORD IL 61109 SOLAR PANEL INSTALLATION 637308 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 STUDENT ENROLLMENT CONSULTANT 402966 P&H ELECTRIC PO BOX 3362 ROCKFORD IL 61106 CAMPUS ELECTRICAL REPAIRS 218642 7 53695 143188 3186600 9227 3383483 STUDENT TUITION & FEES 611600 38799428 38799428 AUXILI. ENTER. - FOOD 611600 1745479 1745479 AUXILIARY ENTERPRISES 611600 152447 152447 40697354 622685 622685 88371 88371 294597 119337 175260 175260 175260 1080291 736204 344087 344087 344087 106501 53695 22968 83533 83533 MISCELLANEOUS INCOME 611710 217136 217136 217136 45611909 40697354 0 1531072 15817549 15817549 972044 311054 515183 145807 10829092 10179346 433164 216582 333057 313074 13322 6661 1424780 1182568 185221 56991 682171 600310 54574 27287 44656 44656 136296 136296 64686 64686 416405 399749 12492 4164 127132 101705 5086 20341 1533506 1441496 15335 76675 3310079 3111427 165544 33108 335698 305485 13428 16785 16260 4391 11869 368546 368546 2008948 2008948 385944 385944 FOOD SERVICE 1199441 1199441 TEMP-RESTRICTED AID 1197345 1197345 BAD DEBT 820919 820919 3833571 3411229 306477 115865 45858125 43160526 1977333 720266 1362264 2435213 1610667 1230390 1977559 4284125 3078074 1005580 566684 889542 80438489 55911680 25646919 24526809 15340325 17164464 15627595 16381211 65210087 67917334 1944260 2059199 419462 610517 2899999 2646115 4938186 5440508 987500 775000 1094921 1081566 12284328 12612905 X 15807804 14813212 37117955 40491217 52925759 55304429 65210087 67917334 -246216 2624886 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1100904 15340325 1367348 1862625 507993 -332549 18394854 13160284 79939 1787551 -312551 15340325 11685424 105354 1076956 -292550 13160284 12275435 815772 -1550535 127798 -272550 11685424 9322304 190947 2518334 8700 -252550 12275435 0.00000 1.00000 0.00000 0 0 3268065 3268065 57905795 39158844 18746951 15857761 14470787 1386974 3406868 2282049 1124819 24526809 ENDOWMENT INVESTMENTS 17164464 C 17164464 BENEFICIAL INTEREST IN TRUST 15718883 IRREVOCABLE TRUST RECEIVABLE 662328 16381211 GOVERNMENTAL LOAN PAYABLE 248158 STUDENT CREDIT BALANCE PAYABLE 393864 ASSET RETIREMENT OBLIGATION 307429 ACCRUED POST RETIREMENT HEALTH BENEFITS 63436 ACCRUED INTEREST 7523 OTHER LIABILITIES 60031 INTEREST RATE SWAP LIABILITY 1125 1081566 X 32504360 2624886 2495 142305 2769686 29734674 64686 15812549 15877235 45611909 30125690 2495 142305 144800 29980890 64686 15812549 15877235 45858125 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE UNIVERSITY FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE UNIVERSITY FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025 AND 2024. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES 22,968. RENTAL EXPENSES 119,337. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS 15,812,549. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 119,337. EVENT EXPENSES 22,968. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS 15,812,549. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ROCKFORD UNIVERSITY IS COMMITTED TO PROVIDING EQUAL OPPORTUNITY AND AN EDUCATIONAL AND WORK ENVIRONMENT FOR ITS STUDENTS, FACULTY AND STAFF FREE FROM ANY DISCRIMINATION BASED ON RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, SEXUAL ORIENTATION, ANCESTRY, AGE, MARITAL STATUS, PHYSICAL OR MENTAL DISABILITY OR STATUS AS A DISABLED VETERAN OR VETERAN OF THE VIETNAM WAR. (SEE APPLICATION ON OUR WEBSITE FOR A MORE LENGTHY DESCRIPTION). SCHEDULE E, PART I, LINE 6 ROCKFORD UNIVERSITY RECEIVES FEDERAL STUDENT AID. GOLF PLAY DAY 24050 11585 12465 6408 1224 RU GALA 49765 42110 7655 398 3468 1395 10075 5 86381 86381 160196 53695 106501 398 9876 1395 11299 22968 83533 1 SCHOLARSHIP/FINANCIAL AID 1107 15812549 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS SCHOLARSHIPS ARE MONITORED BY OUR STUDENT ADMINISTRATIVE SERVICES DEPARTMENT FOR PROPER USE AND AWARDING. ALL GRANT AND SCHOLARSHIP REQUIREMENTS ARE FOLLOWED AND DOCUMENTED IN THE SAS OFFICE RECORDS. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 PATRICIA LYNOTT PRESIDENT 291304 0 0 0 8333 0 11119 0 455 0 311211 0 0 0 ELIZABETH DAVIES PROVOST AND VP ACADEMIC AFFAIRS 141348 0 0 0 0 0 7544 0 23702 0 172594 0 0 0 A VILLAGE OF MACHESNEY PARK IL 363126674 2013-10-09 5000000 SEE PART VI 0 0 0 A 2278442 5000000 100000 4900000 2015 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 1 PACIFIC COAST 15.000000000000 0 0 0 0 0 A 1 SCHEDULE K - DATE REBATE COMPUTATION PERFORMED VILLAGE OF MACHESNEY PARK, IL 10/09/18 SCANDROLI CONSTRUCTION CO TRUSTEE 89583 CONSTRUCTION SERVICES 0 X 2495 FMV X 6 16111 FMV X ALL OTHER 1 250 FMV 0 0 0 PART I, COLUMN (B): THE NUMBER ON COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 RELATED PARTY INFORMATION AMONG OFFICERS: BUSINESS RELATIONSHIPS BETWEEN BOARD OF TRUSTEE MEMBERS: SEVERAL OF OUR BOARD TRUSTEES HAVE BUSINESS RELATIONSHIPS WITH EACH OTHER LOCALLY. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 - THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES APPROVES THE FORM 990 PRIOR TO BEING SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY - CONFLICT OF INTEREST STATEMENTS ARE SIGNED ANNUALLY BY THE BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES. THE STATEMENTS ARE THEN REVIEWED BY THE UNIVERSITY'S CFO. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL - THE BOARD OF TRUSTEES APPROVES THE PRESIDENT'S COMPENSATION IN COMPARISON WITH CUPA DATA OF OUR PEER INSTITUTIONS. COMPENSATION PROCESS FOR OFFICERS - THE PRESIDENT APPROVES THE VICE PRESIDENTS' COMPENSATION, WITH REVIEW OF THE BOARD. ALL ARE DONE IN COMPARISON WITH CUPA DATA OF OUR PEER INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION - AVAILABLE UPON REQUEST TO THE PUBLIC AND MANY ARE POSTED ON THE ROCKFORD UNIVERSITY WEBSITE. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NEITHER CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.