2023-05-15T15:14:22-05:00 2022-06-30 390859910 BAKER TILLY US LLP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2021-07-01 362167842 ROCKFORD UNIVERSITY ROCK 8152264000 5050 E STATE ST ROCKFORD IL 61108 LISA CUSTARDO CFO 8152264000 2023-05-15 1 LISA CUSTARDO XXX-XX-XXXX MARK HEROUX P00959793 3127298000 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z PATRICIA LYNOTT 5050 E STATE ST ROCKFORD IL 61108 43772074 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. 23 22 664 21 0 6750 5657949 5388351 36352116 36547495 378508 692720 193596 219326 42582169 42847892 12913280 15306330 0 0 12807607 12936212 0 0 653250 13958949 14043703 39679836 42286245 2902333 561647 59292959 55724524 12291771 12418701 47001188 43305823 X TO EDUCATE MEN & WOMEN TO LEAD RESPONSIBLE LIVES BY MEANS OF A CURRICULUM GROUNDED IN LEBERAL 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. 0 0 34843158 15306330 34976385 FOUR YEAR GRADUATE AND UNDERGRADUATE COLLEGE IN ROCKFORD, IL. 3350825 0 OPERATIONS AND MAINTENANCE OF PLANT FOR FOUR YEAR GRADUATE AND UNDERGRADUATE UNIVERSITY. 1219142 0 1571110 AUXILIARY ENTERPRISES (RESIDENCE HALLS AND DINING SERVICES) 39413125 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 0 1 0 0 0 0 0 0 0 0 1 86 0 1 664 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LISA CUSTARDO 8152263600 5050 E STATE ST ROCKFORD IL 61108 ERIC W FULCOMER PRESIDENT 40.00 X X 316133 0 36094 JOEL MOORE CHAIR 1.00 X X 0 0 0 L THOMAS HEISER VICE CHAIR 1.00 X X 0 0 0 BARBARA TANAGLIA SECRETARY 1.00 X X 0 0 0 JEFFRY POTTER TREASURER 1.00 X X 0 0 0 AARON POTTER TRUSTEE 1.00 X 0 0 0 ANISHA GRIMMETT TRUSTEE 1.00 X 0 0 0 CHARLES BOX TRUSTEE 1.00 X 0 0 0 ELIZABETH A HEGEL TRUSTEE 1.00 X 0 0 0 ELIZABETH DONOVAN TRUSTEE 1.00 X 0 0 0 FRANK E WALTER TRUSTEE 1.00 X 0 0 0 GANESH IYER TRUSTEE 1.00 X 0 0 0 GREG ALLEN TRUSTEE 1.00 X 0 0 0 IAIN D JOHNSTON TRUSTEE 1.00 X 0 0 0 JAMES W KEELING TRUSTEE 1.00 X 0 0 0 JANET ZELENKA TRUSTEE 1.00 X 0 0 0 JULIE O'ROURKE TRUSTEE 1.00 X 0 0 0 KEITH AKRE TRUSTEE 1.00 X 0 0 0 MARCI TAETS TRUSTEE 1.00 X 0 0 0 MICHAEL SCHABLASKE TRUSTEE 1.00 X 0 0 0 PATTI TUMILOWICZ TRUSTEE 1.00 X 0 0 0 REBECCA EPPERSON TRUSTEE 1.00 X 0 0 0 THOMAS MULDOWNEY TRUSTEE 1.00 X 0 0 0 LISA CUSTARDO VP FINANCE AND CFO 40.00 X 143550 0 16632 STEPHEN KULL VP FOR ADVANCEMENT 40.00 X 131464 0 22134 MICHAEL PERRY PROVOST AND VP ACADEMIC AFFAIRS 40.00 X 120432 0 16041 RANDY WORDEN VP STUDENT LIFE & DEAN OF STUDENTS 40.00 X 115697 0 11677 827276 0 102578 5 0 1 0 SODEXO PO BOX 360170 PITTSBURGH PA 152516170 CAMPUS OPERATIONS & MAINTENANCE AND FOOD 3096157 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 ENROLLMENT SERVICES 314319 ELLUCIAN COMPANY LP 4 COUNTRY VIEW RD MALVERN PA 19355 SOFTWARE MAINTENANCE & SERVICE 231844 FREEPORT INDUSTRIAL ROOFING 3507 RT26 SOUTH FREEPORT IL 61032 ROOFING CONTRACTOR 211975 CHARTWELL AGENCY 120 W STATE ST ROCKFORD IL 61101 MARKETING & PROMOTIONAL 180525 10 17750 3290295 2080306 95823 5388351 STUDENT TUITION & FEES 611600 34976385 34976385 AUXILI. ENTER. - FOOD 611600 1456871 1456871 AUXILIARY ENTERPRISES 611600 114239 114239 36547495 300583 300583 77712 77712 1291415 899278 392137 392137 392137 59577 17750 24904 34673 34673 2235 0 2235 2235 MISCELLANEOUS INCOME 611710 104706 104706 104706 42847892 36547495 0 912046 15306330 15306330 929853 295021 491983 142849 9617639 8966306 430414 220919 364695 341585 15070 8040 1290738 1063228 170282 57228 733287 647943 59554 25790 57430 57430 123224 123224 71812 71812 2778252 2250242 478089 49921 349040 336166 12140 734 216659 174842 8109 33708 732521 698994 432 33095 1429830 1340048 77650 12132 258830 234708 10586 13536 41006 10983 30023 317504 317504 1790401 1790401 242018 222548 19470 FOOD SERVICE 1219142 1219142 TEMP-RESTRICTED AID 1094879 1094879 BAD DEBT 340280 340280 2980875 2761975 163602 55298 42286245 39413125 2219870 653250 6614598 6467868 1000001 238499 193609 1980691 1439037 1909119 1594033 538968 564012 74146766 55021900 19349915 19124866 12275435 11685424 16385734 13655674 59292959 55724524 1847358 2923247 368375 368100 3593981 3373252 3992835 3910990 2489222 1843112 12291771 12418701 X 6530881 12113473 40470307 31192350 47001188 43305823 59292959 55724524 561647 -4257012 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1092404 12275435 815772 -1550535 127798 -272550 11685424 9322304 190947 2518334 8700 -252550 12275435 8976775 63097 41020 8850 -250262 9322304 8667248 308958 636545 635976 8976775 8000153 262198 547689 142792 8667248 0.00000 1.00000 0.00000 0 0 1852956 1852956 50152228 35139540 15012688 18752129 17600311 1151818 3389453 2282049 1107404 19124866 ENDOWMENT INVESTMENTS 11685424 C 11685424 BENEFICIAL INTEREST IN TRUST 13065525 IRREVOCABLE TRUST RECEIVABLE 590149 13655674 GOVERNMENTAL LOAN PAYABLE 661079 STUDENT CREDIT BALANCE PAYABLE 706981 ASSET RETIREMENT OBLIGATION 265569 INTEREST RATE SWAP LIABILITY 74469 ACCRUED POST RETIREMENT HEALTH BENEFITS 63436 ACCRUED INTEREST 9179 OTHER LIABILITIES 62399 1843112 X 25022588 -4257012 82506 -4174506 29197094 71812 13578986 13650798 42847892 28717953 82506 82506 28635447 71812 13578986 13650798 42286245 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, 2022 AND 2021. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS 13,603,890. EVENT EXPENSES -24,904. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS 13,603,890. EVENT EXPENSES -24,904. 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 38541 17750 20791 1571 8856 14477 VOLLEYBALL 9641 9641 3 29145 29145 77327 17750 59577 1571 8856 14477 24904 34673 1 SCHOLARSHIP/FINANCIAL AID 1005 13603890 EMERGENCY GRANTS TO STUDENTS 487 1702440 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 1 1 X X X X 0 0 0 0 0 0 0 0 0 ERIC W FULCOMER PRESIDENT 277322 0 30214 0 8597 0 12636 0 23458 0 352227 0 0 0 LISA CUSTARDO VP FINANCE AND CFO 141550 0 2000 0 0 0 7307 0 9325 0 160182 0 0 0 STEPHEN KULL VP FOR ADVANCEMENT 129464 0 2000 0 0 0 7164 0 14970 0 153598 0 0 0 A VILLAGE OF MACHESNEY PARK IL 363126674 2013-10-09 5000000 SEE PART VI 0 0 0 A 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 X 4 16606 FMV X 1 5000 FMV X MEDICAL SERVICES 1 64317 FMV X GOLF CARTS 1 9900 FMV 0 0 0 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.