2020-05-15T15:55:38-05:00 2019-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2018-07-01 362167842 ROCKFORD UNIVERSITY ROCK 8152264000 5050 E STATE ST ROCKFORD IL 61108 LISA CUSTARDO CFO 8152264000 2020-05-13 1 MARK HEROUX P00959793 3127298000 2020-05-13 24.1.30.194 2020-05-13 13:54:21 CD P 0882A3BD3791635C134A938B8FF3C2B174769BAB 0882A3BD3791635C134A938B8FF3C2B174769BAB 2018 2020-09-23 17:36:50Z ERIC FULCOMER 5050 E STATE ST ROCKFORD IL 61108 45185639 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. 21 19 704 85 26930 23467 3274398 2636659 33363123 33089766 729024 2325964 1901679 293806 39268224 38346195 10647333 10934803 0 0 13549846 12803131 0 0 697925 12377680 12816485 36574859 36554419 2693365 1791776 50639315 51881842 12444693 13522519 38194622 38359323 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 30775575 10934803 31734668 FOUR YEAR GRADUATE AND UNDERGRADUATE COLLEGE IN ROCKFORD, IL. 1264787 OPERATIONS AND MAINTENANCE OF PLANT FOR FOUR YEAR GRADUATE AND UNDERGRADUATE UNIVERSITY. 1729413 1355098 AUXILIARY ENTERPRISES (RESIDENCE HALLS AND DINING SERVICES) 33769775 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 1 0 1 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 1 102 0 1 704 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 21 19 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 248366 0 47920 ELIZABETH DONOVAN TRUSTEE - CHAIR 1.00 X 0 0 0 BARBARA TANAGLIA TRUSTEE - VICE CHAIR 1.00 X 0 0 0 L THOMAS HEISER TRUSTEE - SECRETARY 1.00 X 0 0 0 JEFFRY POTTER TRUSTEE - TREASURER 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 DAWN R HALLSTEN 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 KEELING TRUSTEE 1.00 X 0 0 0 JOEL MOORE TRUSTEE 1.00 X 0 0 0 THOMAS A MULDOWNEY TRUSTEE (PART YEAR) 1.00 X 0 0 0 SUNIL PURI TRUSTEE (PART YEAR) 1.00 X 0 0 0 MICHAEL SCHABLASKE TRUSTEE 1.00 X 0 0 0 MARCI JUMISKO-TAETS TRUSTEE 1.00 X 0 0 0 PATRICIA TUMILOWICZ TRUSTEE 1.00 X 0 0 0 FRANK E WALTER TRUSTEE 1.00 X 0 0 0 JONATHAN S WHITLOCK TRUSTEE 1.00 X 0 0 0 FREDERIC M YOUNG TRUSTEE 1.00 X 0 0 0 JANET H ZELENKA TRUSTEE 1.00 X 0 0 0 BETTYANN PAPPENFUS TRUSTEE 1.00 X 0 0 0 LISA CUSTARDO - VP FINANCE AND CFO (02/2019 - PRESENT) 40.00 X 0 0 0 MICHAEL MIHALYO - VP FOR ACADEMIC AFFAIRS (PART YEAR) 40.00 X 89639 0 5424 MICHAEL PERRY PROVOST AND VP ACADEMIC AFFAIRS 40.00 X 80150 0 5847 RANDY WORDEN VP STUDENT LIFE & DEAN OF STUDENTS 40.00 X 54134 0 5826 MATT PHILLIPS - INTERIM VP ENROLLMENT MGMT (PART YEAR) 40.00 X 79943 0 9703 BERN SUNDSTEDT - VP INSTITUTIONAL ADVANCEMENT (PART YEAR) 40.00 X 91767 0 4812 CHRISTINA ANDERSON - SR VP BUSINESS & CFO (THROUGH 01/2019) 40.00 X 125996 0 14247 769995 0 93779 2 1 1 0 SODEXO PO BOX 360170 PITTSBURGH PA 152516170 CAMPUS OPERATIONS & MAINTENANCE AND FOOD 2895934 RINGLAND-JOHNSON CONSTRUCTION INC 1725 HUNTWOOD DRIVE CHERRY VALLEY IL 61016 CONSTRUCTION 489357 EAB 1920 EAST PARHAM ROAD RICHMOND VA 232282206 ENROLLMENT SERVICES 314654 CERONI PIPING COMPANY 7770 CERONI ROAD CHERRY VALLEY IL 61016 HVAC & PLUMBING SERVICES 159059 ELLUCIAN COMPANY LP 4 COUNTRY VIEW RD MALVERN PA 19355 SOFTWARE MAINTENANCE & SERVICE 141320 6 46619 2590040 102907 2636659 STUDENT TUITION & FEES 611600 31734668 31734668 AUXILIARY ENTERPRISES 611600 1355098 1355098 33089766 704822 704822 88643 88643 126933 13276 113657 113657 26930 86727 8417878 6796736 1621142 1621142 1621142 10600 46619 29432 -18832 -18832 GAIN - INVOLUNTARY CONVERSION 522200 94740 94740 MISCELLANEOUS INCOME 611710 15598 15598 110338 38346195 33089766 26930 2592840 10934803 10934803 878523 264349 527299 86875 9300449 8684100 306339 310010 331467 297174 18327 15966 1525871 1407164 52579 66128 766821 719868 23835 23118 40721 40721 89548 89548 2367261 2210549 136354 20358 265413 247843 15288 2282 648942 605982 37379 5581 674929 630248 38876 5805 1172939 1095294 67560 10085 260240 243012 14990 2238 24868 23222 1432 214 409578 409578 1723950 1723950 69967 65335 4030 602 UNREL. BUS. INC. TAX 7391 7391 FOOD SERVICE 1156090 1156090 TEMP-RESTRICTED AID 936885 936885 BAD DEBT 580985 378444 164289 38252 2386778 1735885 540482 110411 36554419 33769775 2086719 697925 5983951 6249606 152033 111990 1236332 1190730 3311991 3010301 343580 683954 67651452 49829382 18323674 17822070 8807647 8985215 12480107 13827976 50639315 51881842 898215 2028551 247022 505132 4196866 4005105 3276112 4330334 3826478 2653397 12444693 13522519 X -762973 2758411 17766232 0 21191363 35600912 38194622 38359323 50639315 51881842 1791776 -1261075 -366000 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1092404 8667248 308958 636545 635976 8976775 8000153 262198 547689 142792 8667248 6828258 593899 647443 69447 8000153 6882586 894824 -9233 939919 6828258 5910826 855926 194529 78695 6882586 1.00000 0 0 5536786 5536786 41249082 29237272 12011810 12349899 11132730 1217169 8515685 9459380 -943695 17822070 ENDOWMENT INVESTMENTS 8976775 C PLANNED GIVING ANNUITY 8440 C 8985215 BENEFICIAL INTEREST IN TRUST 13219055 IRREVOCABLE TRUST RECEIVABLE 608921 13827976 GOVERNMENTAL LOAN PAYABLE 1415306 STUDENT CREDIT BALANCE PAYABLE 550476 ASSET RETIREMENT OBLIGATION 229408 INTEREST RATE SWAP LIABILITY 320164 ACCRUED POST RETIREMENT HEALTH BENEFITS 63436 ACCRUED INTEREST 12189 OTHER LIABILITIES 62418 2653397 X 26193025 -1261075 -1261075 27454100 10892095 10892095 38346195 25662324 42708 42708 25619616 10934803 10934803 36554419 PART X, LINE 2: 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, 2019 AND 2018. 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 10,934,803. RENTAL EXPENSES -13,276. DIRECT FUNDRAISING EXPENSES -29,432. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 13,276. DIRECT FUNDRAISING EXPENSES 29,432. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON FINANCIAL STATEMENTS 10,934,803. 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. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDYING ABROAD 29954 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RECRUITING 17488 0 0 0 0 0 0 47442 0 47442 0 0 0 0 0 0 ANNUAL GALA 57219 46619 10600 9855 11614 150 7813 57219 46619 10600 9855 11614 150 7813 29432 -18832 1 SCHOLARSHIP/FINANCIAL AID 1188 10934803 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 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 ERIC W FULCOMER PRESIDENT 229166 0 10000 0 9200 0 10250 0 37670 0 296286 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 9 102907 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 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.