2022-05-13T13:10:30-05:00 2021-06-30 390859910 BAKER TILLY US LLP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2020-07-01 362167842 ROCKFORD UNIVERSITY ROCK 8152264000 5050 E STATE ST ROCKFORD IL 61108 LISA CUSTARDO CFO 8152264000 2022-05-02 1 LISA CUSTARDO XXX-XX-XXXX MARK HEROUX P00959793 3127298000 2022-05-02 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ERIC FULCOMER 5050 E STATE ST ROCKFORD IL 61108 42943135 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 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. 25 24 633 52 0 0 2620444 5657949 34114876 36352116 667683 378508 339714 193596 37742717 42582169 11788863 12913280 0 0 12642320 12807607 0 0 782591 13139571 13958949 37570754 39679836 171963 2902333 53702064 59292959 15285813 12291771 38416251 47001188 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, (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 31979882 12913280 35062632 FOUR YEAR GRADUATE AND UNDERGRADUATE COLLEGE IN ROCKFORD, IL. 2944159 OPERATIONS AND MAINTENANCE OF PLANT FOR FOUR YEAR GRADUATE AND UNDERGRADUATE UNIVERSITY. 1666504 1289484 AUXILIARY ENTERPRISES (RESIDENCE HALLS AND DINING SERVICES) 36590545 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 87 0 1 633 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 24 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 295092 0 36381 JEFFRY POTTER TREASURER 1.00 X X 0 0 0 BARBARA TANAGLIA SECRETARY 1.00 X X 0 0 0 L THOMAS HEISER VICE CHAIR 1.00 X X 0 0 0 JOEL MOORE CHAIR 1.00 X X 0 0 0 KEITH AKRE TRUSTEE 1.00 X 0 0 0 GREG ALLEN TRUSTEE 1.00 X 0 0 0 CHARLES BOX TRUSTEE 1.00 X 0 0 0 REBECCA EPPERSON TRUSTEE 1.00 X 0 0 0 ELIZABETH HEGEL TRUSTEE 1.00 X 0 0 0 HELEN C HILL TRUSTEE 1.00 X 0 0 0 GANESH IYER 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 JULIE O'ROURKE TRUSTEE 1.00 X 0 0 0 LINDA SANDQUIST TRUSTEE 1.00 X 0 0 0 MICHAEL SCHABLASKE TRUSTEE 1.00 X 0 0 0 MARCI TAETS TRUSTEE 1.00 X 0 0 0 PATTI TUMILOWICZ TRUSTEE 1.00 X 0 0 0 FRANK E WALTER TRUSTEE 1.00 X 0 0 0 JANET ZELENKA TRUSTEE 1.00 X 0 0 0 ANISHA GRIMMETT TRUSTEE 1.00 X 0 0 0 THOMAS MULDOWNEY TRUSTEE 1.00 X 0 0 0 AARON POTTER TRUSTEE 1.00 X 0 0 0 ELIZABETH DONOVAN TRUSTEE 1.00 X 0 0 0 LISA CUSTARDO VP FINANCE & CFO 40.00 X 143221 0 21381 STEPHEN KULL VP FOR ADVANCEMENT 40.00 X 126628 0 35658 MICHAEL PERRY PROVOST & VP ACADEMIC AFFAIRS 40.00 X 127622 0 6546 RANDY WORDEN VP STUDENT LIFE & DEAN OF 40.00 X 117800 0 13467 CHRISTINA ANDERSON SR VP, PROFESSOR 40.00 X 105625 0 13498 915988 0 126931 6 0 1 0 SODEXO PO BOX 360170 PITTSBURGH PA 152516170 CAMPUS OPERATIONS & MAINTENANCE AND FOOD 2732171 SCANDROLI CONSTRUCTION COMPANY 855 N MADISON STREET ROCKFORD IL 61107 CONSTRUCTION 2102795 COMMERCIAL MECHANICAL INC 50 N FIRST STREET DUNLAP IL 61525 CONSTRUCTION 1102404 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 ENROLLMENT SERVICES 381326 CERONI PIPING COMPANY 7770 CERONI ROAD CHERRY VALLEY IL 61016 HVAC & PLUMBING SERVICES 286716 8 4140764 1517185 5657949 STUDENT TUITION & FEES 611600 35062632 35062632 AUXILIARY ENTERPRISES 611600 1280984 1280984 AUXILIARY ENTERPRISES 611600 8500 8500 36352116 219688 219688 81295 81295 519786 360966 158820 158820 158820 31283 0 31283 31283 2415 0 2415 2415 MISCELLANEOUS INCOME 611710 78603 78603 78603 42582169 36352116 0 572104 12913280 12913280 923797 230925 538273 154599 9613184 9079549 265487 268148 344212 321889 16490 5833 1189383 1050939 90726 47718 737031 651240 56221 29570 50663 50663 73593 73593 49862 49862 2410741 2135917 192859 81965 203891 186152 17739 360433 334986 22347 3100 798194 652923 87801 57470 1121965 1047694 64624 9647 67519 64548 2971 7693 5516 1531 646 386058 386058 1769637 1769637 284570 265731 16391 2448 OTHER EXPENSES 3095295 2214726 779832 100737 FOOD SERVICE 1174299 1174299 TEMP-RESTRICTED AID 1150687 1150687 BAD DEBT 953849 953849 39679836 36590545 2306700 782591 5947690 6614598 69955 238499 1483232 1980691 2413889 1909119 652625 538968 72594059 53244144 20039475 19349915 9323965 12275435 13771233 16385734 53702064 59292959 1696182 1847358 368730 368375 3804609 3593981 6706943 3992835 2709349 2489222 15285813 12291771 X 3109334 6530881 35306917 40470307 38416251 47001188 53702064 59292959 2902333 5682604 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1092404 9322304 190947 2518334 8700 -252550 12275435 8976775 63097 41020 8850 -250262 9322304 8667248 308958 636545 635976 8976775 8000153 262198 547689 142792 8667248 6828258 593899 647443 69447 8000153 1.00000 0 0 1852956 1852956 49003466 33996766 15006700 18348184 16965329 1382855 3389453 2282049 1107404 19349915 ENDOWMENT INVESTMENTS 12275435 C 12275435 BENEFICIAL INTEREST IN TRUST 15434683 IRREVOCABLE TRUST RECEIVABLE 951051 16385734 GOVERNMENTAL LOAN PAYABLE 835911 STUDENT CREDIT BALANCE PAYABLE 916620 ASSET RETIREMENT OBLIGATION 252923 INTEREST RATE SWAP LIABILITY 347969 ACCRUED POST RETIREMENT HEALTH BENEFITS 63436 ACCRUED INTEREST 11174 OTHER LIABILITIES 61189 2489222 X 35325666 5682604 24036 5706640 29619026 49862 12913281 12963143 42582169 26740729 24036 24036 26716693 49862 12913281 12963143 39679836 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 NUSINESS 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, 2021 AND 2020. 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 12,913,281. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS 12,913,281. 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 23540 23540 VOLLEYBALL 3710 3710 3 4033 4033 31283 31283 31283 1 SCHOLARSHIP/FINANCIAL AID 12913280 SCHEDULE I, 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 248940 0 35600 0 10552 0 11239 0 25142 0 331473 0 0 0 LISA CUSTARDO VP FINANCE & CFO 138221 0 5000 0 0 0 7152 0 14229 0 164602 0 0 0 STEPHEN KULL VP FOR ADVANCEMENT 126628 0 0 0 0 0 7012 0 28646 0 162286 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 5 24321 NET SELLING PRICE 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 COMPAIRSON 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.