2025-05-13T20:31:14-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2023-07-01 362167842 ROCKFORD UNIVERSITY ROCK 8152264000 5050 E STATE ST ROCKFORD IL 61108 JOHN DIRAIMONDO CFO 8152264000 2025-05-13 1 1 MARK HEROUX P00959793 3127298000 2025-05-13 2023 2025-03-06 01:10:19Z PATRICIA LYNOTT 5050 E STATE ST ROCKFORD IL 61108 46377611 0 X WWW.ROCKFORD.EDU X 1942 IL TO EDUCATE PEOPLE 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 22 628 26 0 6644 6264430 4765111 36813838 39778164 407212 830663 233274 463060 43718754 45836998 13701565 15152282 0 0 13863901 14434687 0 0 628167 13721056 14315338 41286522 43902307 2432232 1934691 59570964 65210087 11591560 12284328 47979404 52925759 X TO EDUCATE PEOPLE 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 30044835 15152282 38021590 FOUR YEAR GRADUATE AND UNDERGRADUATE COLLEGE IN ROCKFORD, IL. 5719320 OPERATIONS AND MAINTENANCE OF PLANT FOR FOUR YEAR GRADUATE AND UNDERGRADUATE UNIVERSITY. 1153470 1756574 AUXILIARY ENTERPRISES (RESIDENCE HALLS AND DINING SERVICES) 4628803 ALL OTHER SERVICES. 4628803 41546428 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 0 1 0 0 0 0 0 0 0 1 80 0 1 628 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 JOHN DIRAIMONDO 8152264006 5050 E STATE ST ROCKFORD IL 61108 PATRICIA LYNOTT PRESIDENT 40.00 X X 277119 0 0 REBECCA EPPERSON CHAIR 1.00 X X 0 0 0 L THOMAS HEISER VICE CHAIR 1.00 X X 0 0 0 JEFFRY POTTER SECRETARY 1.00 X X 0 0 0 GREG ALLEN 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 CHAD BRIGHAM TRUSTEE 1.00 X 0 0 0 CHARLES BOX TRUSTEE 1.00 X 0 0 0 DR DEBORAH BREITER TRUSTEE 1.00 X 0 0 0 ELIZABETH DONOVAN TRUSTEE 1.00 X 0 0 0 ELIZABETH HEGEL TRUSTEE 1.00 X 0 0 0 FRANK E WALTER TRUSTEE 1.00 X 0 0 0 JAMES W KEELING TRUSTEE 1.00 X 0 0 0 JOEL MOORE TRUSTEE 1.00 X 0 0 0 KEITH AKRE TRUSTEE 1.00 X 0 0 0 KRISTIN SMITH TRUSTEE 1.00 X 0 0 0 LESLY COUPER TRUSTEE 1.00 X 0 0 0 MARCI TAETS TRUSTEE 1.00 X 0 0 0 MARY ANN LAUDICINA TRUSTEE 1.00 X 0 0 0 NOR ALAMERY TRUSTEE 1.00 X 0 0 0 PATTI TUMILOWICZ TRUSTEE 1.00 X 0 0 0 TERESA BEACH-SHELOW TRUSTEE 1.00 X 0 0 0 RANDY WORDEN VP STUDENT LIFE & DEAN OF 40.00 X 111697 0 15876 LINDA SANDQUSIT VP ADVANCEMENT (TERM 04/2024) 40.00 X 101180 0 24827 JOHN DIRAIMONDO VP FINANCE AND CFO 40.00 X 94397 0 30229 DEEPSHIKHA SHUKLA PROVOST AND VP ACADEMIC AFFAIRS 40.00 X 78036 0 20999 LISA CUSTARDO FORMER VP FINANCE AND CFO (TERM 05/2023) 40.00 X 69173 0 11172 ELIZABETH DAVIES PROVOST AND VP ACADEMIC AFFAIRS 40.00 X 46546 0 6316 778148 0 109419 4 1 1 0 NATIONAL MANAGEMENT RESOURCES 113 CORPORATE PARK EAST DRIVE E LAGRANGE GA 30241 CAMPUS OPERATIONS & MAINTENANCE 1977453 BYRNE & JONES CONTRUCTION 13940 ST CHARLES ROCK ROAD ST LOIUS MO 63044 BASEBALL/SOFTBALL FIELDS CONSTRUCTION 1908902 GREENLINK SOLAR SOLUTIONS INC 3006 FIREST VIEW RD ROCKFORD IL 61109 SOLAR PANEL INSTALLATION 1487052 FRESH IDEAS MANAGEMENT INC PO BOX 91337 CHICAGO IL 60693 CAMPUS FOOD SERVICE 1423229 ROCK ROAD COMPANIES INC PO BOX 1818 JANESVILLE WI 53547 CAMPUS ROAD REPAIRS 353612 17 157813 2504194 2103104 23225 4765111 STUDENT TUITION & FEES 611600 38021924 38021924 AUXILI. ENTER. - FOOD 611600 1579045 1579045 AUXILIARY ENTERPRISES 611600 177195 177195 39778164 552269 552269 82251 82251 265772 124161 141611 141611 141611 554042 90000 363257 2391 190785 87609 278394 278394 83457 157813 50804 32653 32653 MISCELLANEOUS INCOME 611710 206545 206545 206545 45836998 39778164 0 1293723 15152282 15152282 894213 286148 473933 134132 10930267 10274451 437211 218605 334572 314498 13383 6691 1392308 1155616 181000 55692 883327 777328 70666 35333 27217 27217 105625 105625 58976 58976 367205 352517 11016 3672 164838 131870 6594 26374 908488 853979 9085 45424 3372085 3286472 50651 34962 337706 307313 13508 16885 12488 3372 9116 282778 282778 1820893 1820893 329176 329176 TEMP-RESTRICTED AID 1266222 1266222 FOOD SERVICE 1153470 1153470 BAD DEBT 818290 818290 3289881 2979753 259731 50397 43902307 41546428 1727712 628167 4082505 1362264 1523448 1610667 14998 0 1566080 1977559 1826634 3078074 502307 566684 84282824 58635905 22479718 25646919 13160284 15340325 14414990 15627595 59570964 65210087 2015244 1944260 381950 419462 3141959 2899999 3662032 4938186 1025000 987500 1365375 1094921 11591560 12284328 X 15434670 15807804 32544734 37117955 47979404 52925759 59570964 65210087 1934691 3011664 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1100904 13160284 79939 1787551 -312551 15340325 11685424 105354 1076956 -292550 13160284 12275435 815772 -1550535 127798 -272550 11685424 9322304 190947 2518334 8700 -252550 12275435 8976775 63097 41020 8850 -250262 9322304 0.00000 1.00000 0.00000 0 0 3268065 3268065 56347691 37678567 18669124 21260200 18675289 2584911 3406868 2282049 1124819 25646919 ENDOWMENT INVESTMENTS 15340325 C 15340325 BENEFICIAL INTEREST IN TRUST 14926726 IRREVOCABLE TRUST RECEIVABLE 653430 INTEREST RATE SWAP ASSET 47439 15627595 GOVERNMENTAL LOAN PAYABLE 261873 STUDENT CREDIT BALANCE PAYABLE 422352 ASSET RETIREMENT OBLIGATION 292790 ACCRUED POST RETIREMENT HEALTH BENEFITS 63436 ACCRUED INTEREST 8099 OTHER LIABILITIES 46371 1094921 X 33939446 3011664 10130 174964 3196758 30742688 58976 15035334 15094310 45836998 28993091 10130 174964 185094 28807997 58976 15035334 15094310 43902307 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, 2024 AND 2023. THE UNIVERSITY'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES 50,803. RENTAL EXPENSES 124,161. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS 15,035,334. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 124,161. EVENT EXPENSES 50,803. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS 15,035,334. 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 29624 14925 14699 667 8215 11755 RU GALA 148237 142888 5349 1446 7252 10215 11254 5 63409 63409 241270 157813 83457 2113 7252 18430 23009 50804 32653 1 SCHOLARSHIP/FINANCIAL AID 1132 15035334 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 277119 0 0 0 0 0 0 0 0 0 277119 0 0 0 A VILLAGE OF MACHESNEY PARK IL 363126674 2013-10-09 5000000 SEE PART VI 0 0 0 A 2015414 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 CHARTWELL AGENCY OWNER OF COMPANY WAS A TRUSTEE 100080 MARKETING & PR SERICES 0 X 1 10000 DONOR VALUATION X 3081 DONOR VALUATION X 1 1036 FMV X ALL OTHER 29 6420 DONOR VALUATION X CEMENT 1 2689 DONOR VALUATION 0 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.