2011-05-03T15:15:06-00:00 2010-06-30 990 2009-07-01 362167842 ROCKFORD COLLEGE ROCK 8152264093 5050 EAST STATE ST ROCKFORD IL 61108 CHRISTINA J ANDERSON 2011-05-03 false 2009 2016-02-24 21:20:13Z CHRISTINA ANDERSON 5050 EAST STATE STREET ROCKFORD IL 61108 31100709 false X WWW.ROCKFORD.EDU X 1905 IL SEE PAGE 2, PART III FOR MISSION & VISION. 24 24 746 150 0 2311227 3628340 25839589 26922945 654281 235398 280262 314026 29085359 31100709 8560257 8168708 0 11254351 11505762 0 309267 9220375 8895118 29034983 28569588 50376 2531121 20421464 21404539 14269046 12389784 6152418 9014755 TO EDUCATE MEN WOMEN TO LEAD RESPONSIBLE LIVES BY MEANS OF A CURRICULUM GROUNDED IN LIBERAL ARTS LEARNING COMPLEMENTED EXTENDED BY PROFESSIONAL PRACTICAL EXPERIENCE. THROUGH THE TOTAL ACADEMIC CO-CURRICULAR EXPERIENCE, RC STRIVES TO PREPARE STUDENTS FOR FULFILLING LIVES, CAREERS, PARTICIPATION IN A MODERN CHANGING GLOBAL SOCIETY. false false 24605309 8168708 26618723 FOUR YEAR GRADUATE UNDERGRADUATE COLLEGE IN ROCKFORD, IL 1068147 OPERATIONS MAINTENANCE OF PLANT FOR FOUR YEAR GRADUATE UNDERGRADUATE COLLEGE 657474 304222 AUXILIARY ENTERPRISES RESIDENCE HALLS DINING SERVICES 26330930 true true false false false false true false true true true false true false false false false false false false false false true true false false false false false false true false false false false false false false false false false false false false true 0 0 true 746 true false false false false false false false false false 24 24 true false false false false false false true true false false true true true true true true true true false X X CHRISTINA J ANDERSON 8153944388 ROCKFORD COLLEGE ROCKFORD IL 61108 STEPHANIE QUINN 040.00 X 149210 0 7768 CHRISTINA ANDERSON 040.00 X 101628 0 742 JOHN MCNAMARA 040.00 X 86663 0 7667 JENNIFER NORDSTROM 040.00 X 76519 0 6047 ROBERT HEAD 040.00 X 247402 0 49343 R RAY WOOD 001.00 X 0 0 0 PETER PROVENZANO 001.00 X 0 0 0 JANE THOMAS 001.00 X 0 0 0 DAVID RYDELL 001.00 X 0 0 0 CHARLES BOX 001.00 X 0 0 0 JAMES WHITEHEAD 001.00 X 0 0 0 CHARLES COLMAN 001.00 X 0 0 0 ROBERT EVANS 001.00 X 0 0 0 DAWN HALLSTEN 001.00 X 0 0 0 HELEN HILL 001.00 X 0 0 0 KELLY FITZ 001.00 X 0 0 0 TERRY INGRASSIA 001.00 X 0 0 0 JAMES KEELING 001.00 X 0 0 0 DENNIS JOHNSON 001.00 X 0 0 0 THOMAS MULDOWNEY 001.00 X 0 0 0 JAMES PETERSON 001.00 X 0 0 0 JONATHAN WHITLOCK 001.00 X 0 0 0 SUNIL PURI 001.00 X 0 0 0 FRANK WALTER 001.00 X 0 0 0 RICHARD SCHILLING 001.00 X 0 0 0 LOUISE SINCLAIRE 001.00 X 0 0 0 BARBARA TANAGLIA 001.00 X 0 0 0 MARCI JUMISKO 001.00 X 0 0 0 FRED YOUNG 001.00 X 0 0 0 661422 71567 3 false true false STAFF MANAGEMENT 5919 SPRING CREEK RD ROCKFORD IL 61114 HR PAYROLL 139860 ARAMARK SERVICEMASTER 2300 WARRENVILLE RD DOWNERS GROVE IL 60515 OPERATIONS MAINTENANCE 882177 2 3628340 3628340 STUDENT TUITION FEES 611600 26618723 26618723 AUXILIARY ENTERPRISES 611710 304222 304222 26922945 235398 235398 MISCELLANEOUS REVENUE 900099 314026 314026 314026 31100709 26922945 549424 0 8168708 8168708 0 0 731800 262349 362585 106866 0 8881805 8478919 274927 127959 202970 191322 6360 5288 928228 879161 33513 15554 760959 731870 19516 9573 0 58006 58006 69700 69700 0 0 992514 926809 57169 8536 282326 263636 16262 2428 393605 367548 22672 3385 178965 167118 10308 1539 0 250131 233572 14408 2151 138047 128908 7952 1187 0 10902 10180 628 94 340041 340041 0 1216372 1216372 215337 201082 12403 1852 UTILITIES 862710 805599 49692 7419 FOOD SERVICE 657474 657474 BAD DEBTS EXPENSE 255784 255784 TEMPORARY LABOR 278388 259959 16035 2394 SUBSCRIPTIONS, DUES, MEMBERSHIPS 262583 245200 15125 2258 2432233 1795103 626346 10784 28569588 26330930 1929391 309267 409025 729018 392919 377504 975793 1128243 3579878 5204753 161964 228748 46453073 37528024 8332008 8925049 2075589 2294419 4494288 2516805 20421464 21404539 1363344 868414 1555000 1335000 258644 177644 4746169 3314984 15000 6330889 6693742 14269046 12389784 X -16780230 -15823744 13681121 15511668 9251527 9326831 6152418 9014755 20421464 21404539 X false true true X true true X 0.00000 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 942404 942404 false 1890605 225853 2116458 2014282 -123677 1890605 1.00000 false false 2552122 2552122 42658547 37528024 5130523 1242404 1242404 8925049 ENDOWMENT INVESTMENTS 2116458 F INVESTMENTS 177961 F 2294419 IRREVOCABLE TRUST RECEIVABLE 2516805 2516805 LINE OF CREDIT 1500000 HELEN L GRANT TRUST LOAN PAYABLE 320937 ANNUITIES PAYABLE 49254 MEDICAL CLAIMS PAYABLE 14983 ACCRUED PAYROLL PAYROLL TAXES 997857 GOVERNMENTAL LOAN FUND PAYABLE 1939243 ACCRUED POST-RETIREMENT HEALTHCARE BENEFITS 183463 DEFERRED REVENUE - SCHEDULING 6238 STUDENT CREDIT BALANCE PAYABLE 570053 ACCRUED INTEREST 39144 NTEC PAYABLE 2675 UNEARNED/PREPAID TUITION 950 ELI DEPOSITS 1606 OTHER LIABILITIES 993 ASSET RETIREMENT OBLIGATION - FIN 47 261844 DECLINING BALANCE DEBIT CARD 4502 LINE OF CREDIT - CHILLER 800000 6693742 31100709 28569588 2531121 569216 238000 807216 3338337 23501217 569216 569216 22932001 8168708 8168708 31100709 20400880 20400880 8168708 8168708 28569588 XII 4B INSTITUTIONAL AID NETTED AGAINST REVENUES ON AUDITED FINANCIAL STATEMENTS, BUT LISTED AS AN EXPENSE ON FORM 990. V 4 ENDOWMENT FUNDS WILL BE USED FOR THEIR SPECIFIC PURPOSES. X 2 ASSET RETIREMENT OBLIGATIONS ARE ESTIMATED COSTS AND OBLIGATIONS ASSOCIATED WITH THE RETIREMENT OF LONG-LIVED ASSETS. THESE LIABILITIES WERE RECORDED AT FAIR VALUE AND THE RELATED ASSET RETIREMENT COSTS WERE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS. ASSET RETIREMENT COSTS ARE SUBSEQUENTLY ACCRETED OVER THE USEFUL LIVES OF THE RELATED ASSETS. AT JUNE 30, 2010 AND 2009, THE ASSET RETIREMENT OBLIGATIONS ARE ESTIMATED TO BE APPROXIMATELY 261,844 AND 249,375. X 2 ACCRETION OF 12,469 AND 11,875 WAS RECORDED FOR THE YEARS ENDED JUNE 30, 2010 AND 2009, RESPECTIVELY. THE ESTIMATE OF THE LOSSES THAT ARE PROBABLY FROM ENVIRONMENTAL REMEDIATION LIABILITIES FOR ASBESTOS REMOVAL WAS CALCULATED USING THE EXPECTED CASH FLOW APPROACH AND BASED ON AN INVENTORY OF THE COLLEGES LONG-LIVED ASSETS COMBINED WITH AN ESTIMATE OF THE CURRENT MARKET PRICES TO REMOVE THE ASBESTOS. X 2 THE COLLEGE UTILIZED A CREDIT-ADJUSTED RISK-FREE RATE TO DISCOUNT THE ASSET RETIREMENT OBLIGATION. IT IS REASONABLY POSSIBLE THAT CHANGES IN THIS ESTIMATE COULD OCCUR AND THAT ACTUAL RESULTS COULD DIFFER FROM THIS ESTIMATE AND COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS. XIII 4B INSTITUTIONAL AID NETTED AGAINST REVENUES ON AUDITED FINANCIAL STATEMENTS, BUT LISTED AS AN EXPENSE ON FORM 990. true true true RC IS COMMITTED TO PROVIDING EQUAL OPPORTUNITY AN EDUCATIONAL WORK ENVIRONMENT FOR ITS STUDENTS, FACULTY 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. true true true true false false false false false false false false true true SCHOLARSHIP - FINANCIAL AID 1161 8168708 I 1 SCHOLARSHIPS ARE MONITORED BY OUR STUDENT ADMINISTRATIVE SERVICES X X true true X X X X false false false false false false false false false false STEPHANIE QUINN 149210 3000 4768 156978 154584 ROBERT HEAD 247402 4430 44913 296745 157930 PETER PROVENZANO CASH FLOW FOR OPERATIONS X 250000 147644 false true true TERRY INGRASIA CASH FLOW FOR OPERATIONS X 50000 30000 false true true 177644 Form 990 VI 2 SEVERAL OF OUR BOARD TRUSTEES HAVE BUSINESS RELATIONSHIPS WITH EACH OTHER LOCALLY, AS PART OF THE NORMAL COURSE OF BUSINESS. Form 990 VI 12C CONFLICT OF INTEREST STATEMENTS ARE SIGNED ANNUALLY BY THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES. AS OF MAY 2010, AN OFFICIAL CONFLICT OF INTEREST POLICY HAS BEEN ADOPTED BY THE BOARD. Form 990 VI 15A-B ALL EMPLOYEE SALARIES ARE REVIEWED BY THE BOARD OF TRUSTEES AD HOC HUMAN RESOURCES COMMITTEE. ALL EXECUTIVE SALARIES ARE APPROVED BY THE BOARD OF TRUSTEES. ALL EMPLOYEE SALARIES ARE COMPARED AGAINST THE INDUSTRY AVERAGES PER THE CUPA SURVEY DATA. Form 990 VI 19 ALL OF THE COLLEGES OFFICIAL DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST TO THE PUBLIC AND MANY ARE POSTED ON OUR WEBSITE. Form 990 X 12 INCLUDES INVESTMENTS OF 2,116,458 AND ENDOWMENTS OF 177,961. Form 990 XI 2C NO CHANGES FROM PRIOR YEAR - AUDIT COMMITTEE, FINANCE COMMITTEE, AND FULL BOARD OF TRUSTEES REVIEW THE ANNUAL AUDIT REPORT. Form 990 VI 10 THE 990 IS REVIEWED BY OUR FINANCE COMMITTEE OF THE BOARD OF TRUSTEES IN DETAIL AND APPROVED BY THE FULL BOARD OF TRUSTEES UPON RECOMMENDATION FROM THE FINANCE COMMITTEE.