2017-05-15T19:46:22-05:00 2016-06-30 300003878 BENNING GROUP LLC 6785 WEAVER RD STE 2A ROCKFORD IL 611148056 990 2015-07-01 362167842 ROCKFORD UNIVERSITY ROCK 8152264093 5050 EAST STATE STREET ROCKFORD IL 61108 CHRISTINA ANDERSON SR VP BUSINESS & CFO 8153944388 2017-05-04 CURTIS D KLECKLER P00641247 8153162375 2017-05-04 2015 2021-01-29 14:40:06Z ROBERT HEAD 38386325 false 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 & COMPLEMENTED & EXTENDED BY PROFESSIONAL & PRACTICAL EXPERIENCE THROUGH THE TOTAL ACADEMIC & CO-CURRICULAR EXPERIENCE. 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FIN 47 225434 OTHER CLAIMS PAYABLE 120423 ACCRUED DEFERRED COMP 98567 OTHER LIABILITIES 75576 ACC POST-RETIREMENT HEALH BENEFITS 63436 ANNUITIES PAYABLE 13578 ACCRUED INTEREST 11215 STUDENT REFUNDS PAYABLE 4783948 X 27777139 -511736 57368 39768 -414600 28191739 10154818 10154818 38346557 24947455 57368 39768 97136 24850319 10154818 10154818 35005137 SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT FUNDS WILL BE USED FOR THEIR SPECIFIC PURPOSES SCHEDULE D, PAGE 3, PART X INCOME TAXES: 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, 2016 AND 2015. THE UNIVERSITYS TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. SCHEDULE D, PAGE 4, PART XI, LINE 2D SPECIAL EVENTS EXPENSES 39,768 SCHEDULE D, PAGE 4, PART XI, LINE 4B FINANCIAL AID NETTED WITH REVENUE ON F/S 10,154,818 SCHEDULE D, PAGE 4, PART XII, LINE 2D SPECIAL EVENTS EXPENSES 39,768 SCHEDULE D, PAGE 4, PART XII, LINE 4B FINANCIAL AID NETTED WITH REVENUE ON F/S 10,154,818 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 ROCKFORD UNIVERSITY IS COMMITTED TO PROVIDING EQUAL OPPORTUNITY AND 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) SCHEDULE E, LINE 6 ROCKFORD UNIVERSITY RECEIVES FEDERAL STUDENT AID 2016 GALA 81295 65315 15980 39768 81295 65315 15980 39768 39768 -23788 true SCHOLARSHIP/FINANCIAL AID 1361 10154818 SCHEDULE I, PAGE 1, PART I, LINE 2 SCHOLARSHIPS ARE MONITORED BY OUR STUDENT ADMINISTRATIVE SERVICES DEPARTMENT FOR PROPER USE & AWARDING. ALL GRANT AND SCHOLARSHIP REQUIREMENTS ARE FOLLOWED & DOCUMENTED IN THE SAS OFFICE RECORDS. X X true true X X X X false false false false false false false false false ROBERT HEAD PRESIDENT 279239 11444 23336 314019 A VILLAGE OF MACHESNEY PARK IL 363126674 2013-10-09 5000000 SEE PART VI false false false A 5000000 97584 100000 4802416 2015 false false false true A false false false false false false true A false false false false false false false false false A true FORM 990 - ORGANIZATION'S MISSION 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. ROCKFORD UNIVERSITY STRIVES TO PREPARE STUDENTS FOR FULFILLING LIVES, CAREERS & PARTICIPATION IN A MODERN & CHANGING GLOBAL SOCIETY. FORM 990 AS OF JULY 1, 2013 ROCKFORD COLLEGE CHANGED ITS NAME TO ROCKFORD UNIVERSITY FORM 990, PART VI BUSINESS RELATIONSHIPS BETWEEN BOARD OF TRUSTEE MEMBERS: SEVERAL OF OUR BOARD TRUSTEES HAVE BUSINESS RELATIONSHIPS WITH EACH OTHER LOCALLY. FORM 990, PAGE 6, PART VI, LINE 2 SEE EXPLANATION ABOVE FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES IN DETAIL AND APPROVED BY THE FULL BOARD OF TRUSTEES UPON RECOMMENDATION FROM THE FINANCE COMMITTEE FORM 990, PAGE 6, PART VI, LINE 12C 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, PAGE 6, PART VI, LINE 15A EMPLOYEE SALARIES IN TOTALITY ARE REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES FINANCE COMMITTEE EACH YEAR AS PART OF THE BUDGET APPROVAL PROCESS. THE BOARD APPROVES THE PRESIDENT'S COMPENSATION. THE PRESIDENT APPROVES THE VICE PRESIDENT'S COMPENSATION, WITH REVIEW OF THE BOARD. ALL OTHER EXECUTIVE SALARIES ARE APPROVED BY THE PRESIDENT. ALL EMPLOYEE SALARIES ARE COMPARED AGAINST THE INDUSTRY AVERAGES PER THE CUPA SURVEY DATA. THIS DATA COMPARES THE SALARIES OF COMPARABLE PRIVATE HIGHER EDUCATION INSTITUTIONS WITH SIMILAR SIZED BUDGETS, BASED ON JOB TITLE AND DUTIES (FOR STAFF) AND BASED ON RANK, SPECIALTY, AND SUB-SPECIALTY (FOR FACULTY). FORM 990, PAGE 6, PART VI, LINE 15B EMPLOYEE SALARIES IN TOTALITY ARE REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES FINANCE COMMITTEE EACH YEAR AS PART OF THE BUDGET APPROVAL PROCESS. THE BOARD APPROVES THE PRESIDENT'S COMPENSATION. THE PRESIDENT APPROVES THE VICE PRESIDENT'S COMPENSATION, WITH REVIEW OF THE BOARD. ALL OTHER EXECUTIVE SALARIES ARE APPROVED BY THE PRESIDENT. ALL EMPLOYEE SALARIES ARE COMPARED AGAINST THE INDUSTRY AVERAGES PER THE CUPA SURVEY DATA. THIS DATA COMPARES THE SALARIES OF COMPARABLE PRIVATE HIGHER EDUCATION INSTITUTIONS WITH SIMILAR SIZED BUDGETS, BASED ON JOB TITLE AND DUTIES (FOR STAFF) AND BASED ON RANK, SPECIALTY, AND SUB-SPECIALTY (FOR FACULTY). FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST TO THE PUBLIC AND MANY ARE POSTED ON THE ROCKFORD UNIVERSITY WEBSITE FORM 990, PART XI, LINE 9 SPECIAL EVENTS EXPENSES 39,768 FINANCIAL AID NETTED WITH REVENUE ON F/S -10,154,818 SPECIAL EVENTS EXPENSES -39,768 FINANCIAL AID NETTED WITH REVENUE ON F/S 10,154,818