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Rainy River Community College Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411644956 ✦ Intl falls, MN ✦ Designated as a 501(c)(3)

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Overview

What is Rainy River Community College Foundation?

Rainy River Community College Foundation is a nonprofit organization, located at 1501 HIGHWAY 71, INTL FALLS, MN 56649. Its primary mission is to provide grants and scholarships in support of continuing education for Rainy River Community College and its students. This foundation invests in the success of its community's future by offering scholarships and contributing to the development of the college. With a small team of one employee, the foundation plays a crucial role in empowering students and fostering educational growth within the community.


Official website here: www.rrccfoundation.org

Is Rainy River Community College Foundation legitimate?

Rainy River Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainy River Community College Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,162
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.rrccfoundation.org

What is the mission statement of Rainy River Community College Foundation?

The Rainy River Community College Foundation's mission is centered around investing in the future, both for its students and the community at large. This is achieved primarily through the provision of scholarships and college development initiatives. By offering grants, the foundation aims to support the continued education of Rainy River Community College students, thereby contributing to their success and the betterment of the community as a whole.


Official website here: www.rrccfoundation.org

Who is the CEO of Rainy River Community College Foundation?

Michael P Turenne is the Principal Officer of Rainy River Community College Foundation.


Official website here: www.rrccfoundation.org

What is the revenue of Rainy River Community College Foundation?

Rainy River Community College Foundation's revenue in 2022 was $259,753.


Official website here: www.rrccfoundation.org

Who are the executives of Rainy River Community College Foundation and what are their salaries?

The average compensation at Rainy River Community College Foundation during 2022 was $1,162. There is 1 employee and 40 volunteers at Rainy River Community College Foundation.


Here are 14 key members and their salaries:


Anne Homkes (Foundation Executive Director)
  • Compensation: $7,130
  • Related: $0
  • Other: $0
Shelly Koenig (Foundation Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Turenne (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Anderson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patti Ballan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joann Dornhecker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Nevanen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Rasmussen (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Rogenrud (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerrod Shermoen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Krasaway (Director Of Operations)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Nordquist (Faculty Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Williams (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erik Strand (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.rrccfoundation.org

Where can I find the form 990 for Rainy River Community College Foundation?

Rainy River Community College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.rrccfoundation.org

Learn more at the official website: www.rrccfoundation.org

Mission Statement of Rainy River Community College Foundation

Rainy River Community College Foundation is dedicated to investing in the future of its community and its students. Through their mission, they aim to accomplish this by providing scholarships and contributing to the development of Rainy River Community College. This nonprofit organization understands the importance of continuing education and believes that by offering grants and scholarships, they can help students achieve their academic goals. This investment in student success not only benefits the individuals receiving the scholarships but also contributes to the overall growth and prosperity of the community. By supporting Rainy River Community College and its students, the Foundation is playing a crucial role in shaping the future of the community.

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Impact




October, 2024

Rainy River Community College Foundation makes a significant impact by investing in student success and the future of the community through scholarships and college development initiatives. By providing grants and scholarships, it supports the continuing education of students at Rainy River Community College in International Falls, MN. This financial assistance not only helps alleviate the burden of tuition costs but also empowers students to pursue their academic goals and career aspirations. The foundation's commitment to education strengthens the local community by fostering a more skilled and knowledgeable workforce, ultimately contributing to the region's economic vitality and sustainable growth.




This information is meant to be a general summary of Rainy River Community College Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$259,753 (2022)
Expenses
$154,743 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $186,768
  • Gross Receipts: $917,932

Assets and Liabilities:

  • Total Assets: $1,704,570
  • Total Liabilities: $0
  • Net Assets: $1,704,570

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Organization Details

Founding Year

1988

Principal Officer

Michael P Turenne

Main Address

1501 HIGHWAY 71, INTL FALLS, MN, 566492160

NTEE Category

Code: B99Z - Education

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