annual report 2019
Making a difference.
Dear Friends —  This annual report covers the fiscal year 2019 and recognizes donors who stepped forward in that time to show their support for the students and programs of Rochester Community and Technical College. Our generous donors give for a diverse number of reasons, but mainly, it is because they support our mission. Their gifts have had a tremendous impact on new and returning RCTC students and the programs offered at RCTC. As an alumnus of the College, I feel great loyalty to this institution and know firsthand its ability to educate and provide a financially responsible way to attain life goals. We gratefully thank business and industry partners and other individuals for donations of equipment and supplies. Whether it is a donation of hospital beds for the Nursing Program, or materials for the classroom, these important gifts lessen the expenditures of the College and are an important resource.
2019 ANNUAL REPORT
On behalf of the RCTC community, I thank you for your generosity and abiding commitment. You have made a difference for our students these pasts two years as they navigated the challenges of financing a college education, and for that, I am truly grateful. It is a privilege to be associated with Rochester Community and Technical College, the RCTC Foundation and, of course, all of you, our donors, alumni and friends.
NEW SCHOLARSHIPS................2 RCTC PRESIDENT LETTER.........4 RCTC DEMOGRAPHICS.............5 DONOR LISTING.....................6-8 FINANCIAL REPORT..................9
Go Yellowjackets! Gratefully,
Heather Donovan RCTC Foundation Board President FY19
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Scholarships change lives.
NEW SCHOLARSHIPS Established in 2019
AMADIO FAMILY SCHOLARSHIP FOR ARTS EDUCATION Donated by Peter & Bari Amadio
The recipient of this scholarship must be majoring in Art + Design, have a minimum 2.0 GPA, demonstrate financial need, be a full or part-time returning student and write a brief essay. Essay: How have the arts influenced your life and how will you use this education in your future life?
CONNIE REHM SCHOLARSHIP Donated by Bill Rehm in memory of his wife
Applicants must be incoming or returning students, majoring in Social Work, with a minimum 2.0 GPA. Students must have financial need and must have a chronic illness (depression, asthma, diabetes, epilepsy, MS, lupus, ADHD, etc.)
OLMSTED-ROCHESTER LAW ENFORCEMENT K9 FOUNDATION SCHOLARSHIP Donated by the O-R LE K9 Foundation
The recipient of this scholarship must be a returning student majoring in Law Enforcement. They must possess a minimum 2.5 GPA, demonstrate financial need, and be a full-time student. Applicants must complete a 500 word or less essay: Where do you see yourself after graduating with a degree in Law Enforcement?
RPBA LAW ENFORCEMENT EDUCATION SCHOLARSHIP Donated by the Rochester Police Benevolent Association
The recipient of this scholarship must be majoring in Law Enforcement and complete a 500 word or less essay: Describe your activities and why you are seeking this scholarship?
SCIENCE DEPARTMENT SCHOLARSHIP Donated by the RCTC Science Department
Recipients of this scholarship will be returning or graduating and transferring students with a minimum 3.0 GPA. Recipients must be enrolled in the Biology Transfer Pathway, Chemistry Transfer Pathway, Environmental Science or Engineering Broad Field programs. Full or part-time students are eligible. A brief essay is required: How will your studies in science and science related courses contribute to your immediate or long-range career goals?
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Scholarships change lives.
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Dear Friends — On behalf of the students, faculty, and staff of Rochester Community and Technical College (RCTC), I want to sincerely thank you, the donors, for your commitment to the RCTC Foundation. Your contributions have made a significant difference, allowing the RCTC Foundation to fulfill its mission of promoting excellence in education and supporting students. In addition, please accept my deepest appreciation for everything you have done for our College to advance our goals, initiatives, and our own mission of providing accessible, affordable quality learning opportunities. Your donations are vital to our students’ academic success and truly make a difference in the lives of so many. This is especially important as our students need assistance in covering tuition and living expenses and addressing such important issues facing our students today mental health and food insecurities. At RCTC, we’re proud to provide a rich, whole-person college experience for our students. Because of your commitment to the RCTC Foundation and our College, our students are able to focus on what is most important to them – a top notch education and necessary skills to fulfill their dreams for a better future. Again, thank you for your commitment to our students, our Foundation and our College! Sincerely,
Jeffery S. Boyd, Ed.D. President Rochester Community and Technical College
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HEADCOUNT
5,584
RCTC Demographics
39.0% 60.4% 0.6%
OF OUR STUDENTS
19-20
UNSPECIFIED
<1% 4.6% 10.9% 5.1% <1% 73.4% 1.4% 2.9% 1.2%
19.1%
1.5%
45-54 4.7%
25-34 22.7%
35-44 10.1%
$275,451 AWARDED
(ACADEMIC YR 2018-19)
ASSOCIATE DEGREES DIPLOMAS CERTIFICATES
FINANCIAL AID
FY19
6,718 6,342
3,863 3K
4K
FINANCIAL AID APPLICANTS FINANCIAL AID RECIPIENTS
5K
6K
1.2% - UNSPECIFIED
ASIAN BLACK/AFRICAN AMERICAN HISPANIC OF ANY RACE NATIVE HAWAIIAN/OTHER PACIFIC ISLANDER WHITE NONRESIDENT ALIEN TWO OR MORE RACES UNSPECIFIED
STUDENTS OF COLOR
FOR RCTC STUDENTS
FY18
4,071
24.0% - YES 74.8% - NO
AMERICAN INDIAN/ ALASKA NATIVE
486
CONFERRED/MADE
FY18
UNSPECIFIED
SCHOLARSHIPS
AWARDS
697 126 141
FEMALE
ETHNICITY
21-24
55>
MALE
RACE/
19.9%
0.1%
GENDER
7K
577
21.9%
231
<18
$272,666 AWARDED
YEARS
AVERAGE AGE
220
25.6
UNDUPLICATED CREDIT BASED
CONGRATS! APPLICATIONS SUBMITTED SCHOLARSHIPS AWARDED
FY19
$$$$$$$ PELL
GRANTS
PELL GRANT
ELIGIBLE 42.4% - YES 26.0% - NO
31.7% - UNKNOWN
PELL GRANT RECIPIENTS 62.5% - YES 37.5% - NO
PAGE | 5 based courses in the Fall of 2015 unless otherwise noted. * Profile includes unduplicated students who were registered for credit
HONOR ROLL OF DONORS The RCTC Foundation is pleased to acknowledge our benefactors in the Honor Roll of Donors who supported the College during 2019. We gratefully honor you, our loyal alumni, friends, faculty, and staff for your generous spirit. Your commitment allows the RCTC Foundation to accomplish extraordinary things and advance our achievements in education with student scholarships and academic program support. Thank you for shaping our destiny. INDIVIDUAL DONORS President’s Club ($5,000+) Peter & Bari Amadio Charles & Iris Fried Roy Hoffman Leonard & Phyllis Jansen Estate Stewardship Club ($1,000-$4,999) Neil Anderson Phyllis & Bob Beery Brenda Dicken Allen Dollerschell Mike Enke Thomas & Lynne Gaffey Bill & Kay Haling Marita Heller Rebecca Hill & Jevan Loshbough Frank Jaszewski Dr. Young Juhn Don & Phyllis Layton Priscilla & James Russell Bruce & Katie Ryan Lawrence & Mary Schwanke TJ & Deb Shandley Dean & Julie Stenehjem John Tatman Dean’s Club ($500-$999) Don Baldus Nancy Bateman Charles & Judy Bird Kirk & Ginny Boyum Thomas Brinkman Daniel & Julia Caesar Jane Callahan Carol Eppen Stephen & Monica Frytak Stephanie Landsom Brian Muellner Marlys Peterson Virginia Wright-Peterson Ione Schloegel Don & Stephanie Supalla William Wiktor College Club ($200-$499) Mark Ackley Shelli Arneson Simona Baias Bradey Bearden Michael Berg Matt Bissonette
Jeffery & Carolyn Boyd Teresa & Robert Brown Thomas Brinkman Jane Callahan Sylvester "Cy" Champa Annie Clement Jon B. Closson Matthew Dacy Matthew Esau Richard & Maryanne Frietsche David Harbert Judith Haugen Jay Hesley Linda & Franklin Iossi Lori Jensen Judy & Gary Kingsbury Debbie Knaup Jamie Mahlberg Michael Malugani Barbara McLeod Jason Meier Justin Mohlke Robert & Ancy Morse Roger & Maggie Nolte Judith Pease Michelle Pyfferoen Roxy & Steve Roadway Sarah Shandley Ellen Stelling Doug & Terry Wiltsie Gregory Wright Centennial Club ($100-$199) Anonymous Ronald & Barbara Allen Allen & Emily Anderson Janet Bartz Mary Bisbee Joseph & Terrilyn Blodgett Delia & Leon Clark Eva Colligan Chad Corey Stanley Cram Nathan Davidson Pat & Peg Farrell Barbara Fritz James Gilkinson Mike Gruver Scott & Robin Gwaltney Pamela Haase Lori Halverson-Wente Susan Hommerding Jean Hoth
James Hurley Deborah Jacobsen Carol Kamper Philip & Kay Karsell Brenda Kehoe Sheila Kiscaden Alex Lair Jennifer Maass Heather & Troy McEldowney Barbara McLeod Walter Menning Donald & Carole Ott Thomas & Mary Ostrom Ryan Phipps Irvin & Maureen Plitzuweit Helen Restovich Elizabeth & Eric Ritman Cori Ronnenberg Quinton Sand Keith Schandorff Evelyn Schlichting Curtis Schumacher ML Schwager Julie Shandley Mary & Randy Shelerud Eric Sime Barbara Stowers Paul & Barbara Tieskoetter Charlotte Timm Karen Vinje Richard & Nancy Wheeler Alvin & Beverly White Ronald & Judith Yaggy Michael Younge Friends of RCTC (Up to $100) Anonymous David Adams Mary Anzulovic Colleen & Scott Arnold William & Linda Bakken Sandy & Jim Bartholomew Wayne & Janet Bartz Joshua Bendickson Deborah Bendzick Mike Benike Pam Benson Darvin Blohm Nancy Brubaker Deb Cannon Thomas & Genell Cummings Ken & Diane Deboer Heather & Mike Donovan PAGE | 6
Desirae Dyke Norman Eickhoff Ronald & Sharon Elcombe Patricia Fritz Daniel Froelich Sandra George Nancy Gilliland M. Jean Gould Jacob Griggs Chris & Kelly Hahn Beverly Hanson Tracy & Julie Harris Greg Holm Patricia Horst Steve Hucke Tyler & Lonna Huerter Dean Johnson Reuben & Carol Kamper Nancy Kampmeier Karen Kamradt Vicky Keller-Schleeter Jennifer Kiehne Peggy Kuiper Marcia Latz Tammy Lee Lyle Madsen Jessie Martinez Leslie Matthias Amy & Stan Mayer Kevin & Jenee McGurren Michael McNeil Bonnie Mercer Karen Moen Marilyn Morem David Morken Stephen & Susan Murray Craig Narveson Sharon Nichols Charlie & Dottie O’Brien ViAnn Olsen Andrea Phillipson Wendell Pittenger Cletus & Norma Pollack Cody Pogalz Mirwais Qader Wayne & Sally Roerish Kristin Rogers Victor Ronken Richard & Joanne Rosener Kimberly Rowley Steven Schmall Curtis Schumacher Daryl Schulz
Priyank Shah Jim & Sheila Siebenaker Kenneth & Barbara Simurdiak Peter Southorn Betty Spitzmiller Elizabeth Swanson Katie Swegarden Catherine A. Swessel Roger & Beverly Taylor Romayne Thompson Darlene & James Vowels Nikka Vrieze Bruce & Karen Wagner David Walter Randy Wendt Mary Wilson Timothy & Jennifer Wilson Nancy Wondrasch Julie Zalky Amber Zitzow
INSTITUTIONAL DONORS President’s Club ($5,000+) AT&T Aspire Program IBM Shades of Green Hosta Society Stewardship Club ($1,000-$4,999) American Business Women's Association ASHRAE Rochester Chapter Bremer Bank City of Red Wing City of Winona Drifters Car Club Home Federal Savings Bank Mayo Clinic Foundation Merchants Bank MN Business Finance Corporation Minnesota Chapter ASHRAE MN Society of Professional Engineers Minnesota Veterinary Medical Foundation National Association of Women in Construction Olmsted Medical Center Olmsted National Bank Peoples State Bank Rochester Area Builders Rochester Commercial Banks Rochester Garden & Flower Club Rochester International Association Think Bank Wells Fargo Foundation WNB Financial Zumbro Valley Medical Society Alliance Dean’s Club ($500 - $999) Bank of Zumbrota Cabane Locale Coulee Bank Davey Tree First State Bank Minnesota
Foresight Bank Greater Rochester Advocates for Universities & Colleges The Mayo Foundation Chapter of Sigma Xi Olmsted-Rochester Law Enforcement K9 Foundation Owatonna Business Incubator Park Dental Foundation Premier Bank Rochester Police Benevolent Association Southeastern Minnesota 504 Development Weller Brothers College Club ($100-$199) Barnes & Noble West Bank First Farmers & Merchants Bank Rochester Dental Assistant Society Trademark Uniforms Centennial Club ($100-$199) B&H Auto Service DeCook Landscaping John Miller Excavating Ohly Law Office Peoples Food Cooperative Inc. Friends of RCTC (Up to $100) AmazonSmile K&M Glass PEO Sisterhood Chapter BM
EVENT SPONSORS 3D Carving Signs & Laser Designs A.B. Systems, Inc. American Association of University Women - Rochester ABC 6 News KAAL-TV Alex Lair All-American Classics Amber Zitzow Anonymous Applebee’s ASHRAE Rochester Chapter B&C Plumbing and Heating BB's Pizzeria Bell Bank Mortgage Berg Farms Bowlocity Entertainment Center BPO Does Rochester Drove #19 Bremer Bank Brian LaPlante BSN Sports Buffalo Wild Wings C. Robert & Marcella Elliott Cambria City Auto Glass Comfort Inn & Suites Commonweal Theatre Company Country Inn & Suites Cowboy Jack's Eatery Creative Cuisine
CRW Architecture & Design Custom Alarm Davies Printing Echelon Wealth Partners F&M Community Bank First Security Bank Five West Kitchen + Bar Flowers by Jerry Four Daughters Vineyard & Winery Gerhard's Kitchen & Bath Store Glynner's Pub Gwaltney Group of RE-MAX/ Results Harley Davidson Hawkins Ash CPAs Healing Rhythms Music Therapy Healing Touch Spa Downtown HGA Home Federal Hunt's Silver Lake IBM Jimmy's Salad Dressings & Dips Jovy Rockey Jewelry Julie Johnston K&M Glass Kirk Boyum - Edward Jones Kismet Knutson Construction Massage Envy Mayo Clinic Mayo Clinic Sports Medicine Mayo Employees Federal Credit Union Mayo Foundation Med City Painting & Decorating Inc. Metafile Mike Lester Minnesota Chapter ASHRAE Minnesota Energy Resources Minnesota Lynx Minnesota Vikings Moka Murphy Business NAMI Nupa Ohly Law Office Olmsted Medical Center Outback Steakhouse People's Energy Cooperative Peggy Vevang & Ron Dickie Pepsi Pizza Ranch Post-Bulletin Premier Bank Rochester Pro Image Profile by Sanford R&A Pumpkins R&S Transport RCTC Automotive Department RCTC Bookstore RCTC Business Department RCTC Facilities Rebecca Hill & Jevan Loshbough Reichel Foods
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Richard & Joanne Rosener Rochester Area Chamber of Commerce Rochester Area Chamber Foundation Rochester Athletic Club Rochester Community and Technical College Rochester Golf & Country Club Rochester Motor Cars Rochester Seventh-day Adventist Church RSM US, LLP Sandberg Law Firm Scheels Seneca Foods Foundation Serenity Couture Salon and Spa Silver Studio Jewelry Artists Silver Lake Foods & Liquor Simple Soaps for Simple Folks Sleep Inn Smith Schafer & Associates, Ltd. Somerby Golf Club Sterling State Bank Stifel TLS Companies Trader Joe's UCare URBN Realty Group US Bank Valor Mechanical Victoria's Ristorante Walmart South Warners' Stellian Weis Builders, Inc. Wells Fargo West Bank West Concord Collision Widseth Smith Nolting & Associates, Inc. Wild Bills Sports Saloon Winona State University Workforce Development, Inc. Ye Olde Butcher Shop
LEVERAGED EQUIPMENT DONORS Andrew Engesser Anthony Berg Anthony Michelich Ashley Rohwer Chris Schad Dallas Glaser Dave & Cheryl Terhaar Diane Pollock Elanco Heritage Pet Hospital Jamie Mahlberg Jay Bohan Jennifer Schnaedter Jim Torgenson Justin John Lodermeier Kate Springer Larry O’Malley Mayo Clinic
LEVERAGED EQUIPMENT DONORS CONTINUED Michael Russell Patrick Foy Post-Bulletin Robert Greenland Robert Herman Scott Sahs St. Cloud Refrigeration Thomas Salinas William Kuisle Thank you to business and industry partners and other individuals for donations of equipment and supplies. Whether it is a donation of vaccines for the Veterinary Technology Program to practice their skills with or materials and equipment for the classroom, these important gifts lessen the expenditures required by the College and are an important resource.
GIFTS OF TRIBUTE
In memory of Karen Lowers Kevin & Jenee McGurren Marcia Latz In memory of David Musgjerd Kevin & Jenee McGurren Pam Benson In memory of Clayton Larson Pam Benson In honor of Robin Fruth-Dugstad Stanimir Vuk-Pavlovic In honor of Dr. Boyd PEO Sisterhood Chapter BM The honor roll of donors is compiled by the RCTC Foundation staff. Every effort is made to ensure that this list is accurate and complete. If we have inadvertently omitted, misspelled, or otherwise improperly reported your name or gift, please contact the Rochester Community and Technical College Foundation at 851 30th Avenue SE, Rochester, MN 55904 or (507) 281-7771 or via e-mail at foundation@rctc.edu.
In memory of Mary White Alvin & Beverly White Bonnie Mercer Kevin & Jenee McGurren Judy & Gary Kingsbury Mary & Randy Shelerud Nikka Vrieze Pam Benson Teresa & Robert Brown Vicky Keller-Schleeter Wayne & Sally Roerish In memory of Dan Preble Kevin & Jenee McGurren In memory of James Kehoe Andrea Phillipson Brenda Kehoe Charlie & Dottie Oâ&#x20AC;&#x2122;Brien David Morken Don & Stephanie Supalla Gregory Wright Ken & Diane Deboer Kim Boyink Kristin Rogers Roger & Beverly Taylor Roger Taylor Sandy & Jim Bartholomew Stephen & Susan Murray In memory of Pat Fitzgerald Irvin & Maureen Plitzuweit In memory of Jerri Evans Don & Stephanie Supalla In memory of Dr. S.K. Sinha English Department
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RCTC FOUNDATION
FINANCIAL STATEMENT This is a condensed summary of the end-ofyear financial statements which were subject to annual audit by our independent accounting firm. Full copies of the report are available in the RCTC Foundation Office.
STATEMENTS OF FINANCIAL POSITION: June 30, 2019 and 2018 ASSETS
2018
2019
Current Assets Cash and cash equivalents Money market mutual funds Contributions receivable Investments Prepaid expense and other assets Total Current Assets
163,994 $ 137,887 413,621 297,232 3,064 3,908 6,076,413 6,393,518 1,962 1,485 6,632,947 6,860,137
$
Property and Equipment Equipment and software Less: Accumulated depreciation Property and Equipment, Net Noncurrent Assets Beneficial interest in charitable remainder unitrust
7,176 7,126 50
7,176 7,025 151
16,394
15,819
$ 6,876,581 $ 6,648,917
TOTAL ASSETS
LIABILITIES AND NET ASSETS
2018
2019
Current Liabilities Accounts payable Funds held for the benefit of others Total Current Liabilities
$
Net Assets Without donor restrictions With donor restrictions Total Net Assets
11,504 $ 308 11,812
5,994 308 6,302
164,662 6,477,953 6,642,615
160,411 6,704,358 6,864,769
$ 6,876,581 $ 6,648,917
T OT AL LIABILIT IES AND NET ASSET S
STATEMENT OF ACTIVITIES ANDCHANGES IN NET ASSETS: For the Year Ended June 30, 2019 (With Comparative Totals for the Year Ended June 30, 2018) Without Donor Restrictions Revenues Support, Gains and Losses Contributions $ 2,893 Contributions - in kind 407,568 Special events, net of direct benefit to donors of $12,825 in 2019 and $13,563 in 2018 66,510 Inves tm ent inc om e 8,271 Change in value of split-interest agreement 290,854 Net assets released from restrictions Total Revenues, Support, Gains and Losses 776,096
2019 With Donor Restrictions $
186,715
296,221 575 (290,854) 192,657
Totals $
2018
189,608 $ 1,484,559 321,525 407,568 66,510 304,492 575
58,081 358,663 893
968,753
2,223,721
436,011 164,346 146,242 746,599
357,603 170,757 129,661 658,021
Expenses: Program General and adm inis trative Fundrais ing Total Expens es
436,011 164,346 146,242 746,599
Change in Net As s ets
29,497
192,657
222,154
1,565,700
Net Assets, Beginning of year
164,662
6,477,953
6,642,615
5,076,915
Rec las s ific ation of Net As s ets
(33,748)
33,748
$ 160,411
$ 6,704,358
Net Assets, End of year
PAGE | 9
$ 6,864,769 $ 6,642,615
RCTC FOUNDATION MISSION The Rochester Community and Technical College Foundation improves lives with support of quality, affordable, accessible higher education.
The RCTC Foundation is a tax-exempt, 501(c)(3) charitable organization. In accordance with IRS rules and regulations, contributions are tax-deductible.
Connect with us... FACEBOOK.COM/RCTCFOUNDATION
RCTC Foundation 851 30th Avenue SE Rochester, MN 55904 Office Located at: 1926 College View Road East
851 30TH AVE SE | ROCHESTER 55904 | 507-285-7210 | RCTC.EDU
FOUNDATION