annual report 2020-21
Making a difference.
ANNUAL REPORT TABLE OF CONTENTS SPOTLIGHTS ON........................2, 4
SKAAREN LEGACY.........................5
NEW SCHOLARSHIPS.....................3
DONOR LISTING..........................6-8
RECIPIENT QUOTES.......................4
FINANCIAL REPORT.......................9
BY THE NUMBERS | YOUR DOLLARS AT WORK DONATIONS COLLECTED FOR THE YES FUND
EVENT SPONSORSHIP AND DONATIONS
DONATIONS IN SUPPORT OF PROGRAMS
$17,870
$50,952
$58,880
DONATIONS FOR ANNUAL AND ENDOWED SCHOLARSHIPS
IN-KIND DONATIONS TO PROGRAMS
$120,722
$136,574
FROM THE RCTC PRESIDENT Dear Friends — On behalf of the students, faculty, and staff of Rochester Community and Technical College (RCTC), I thank you, the donors, for your commitment to the RCTC Foundation, to RCTC, and to our students. Your contributions make a difference. They help students stay on their educational path with fewer obstacles; and help academic programs ensure students learn on cutting-edge technology, equipment, and tools relevant in their future professions. The needs of our students and our programs are real, and your support is greatly appreciated. The work of our faculty, staff, and the RCTC Foundation are critical in today’s world
Jeffery S. Boyd, Ed.D.
and makes a significant impact in the lives of our students. And it is through your
President
mission of providing accessible, affordable, quality learning opportunities to serve a
contributions that their work can continue. Together, we are all fulfilling our College’s diverse and growing community. Please accept my deepest appreciation for being someone who makes things happen.
Some people want it to happen, some wish it would happen, others make it happen. – Michael Jordan
FROM THE RCTC FOUNDATION BOARD PRESIDENT Dear RCTC Community Stakeholders — It is my pleasure to submit to you the audited Annual Financial Report for the RCTC Foundation. This annual report covers the financial statements of the Foundation 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 President of the RCTC Foundation it is an honor to support the Mission of Rochester Community and Technical College: Rochester Community and Technical College provides accessible, affordable, quality learning opportunities to serve a diverse and growing community. We, the Foundation, would not be able to support the College in our five major areas without the help of all of you.
Alex Lair
•
Foundation Board President
• • •
We submit herewith the Annual Report of the Rochester Community and Technical College for the 2021 fiscal year that ended June 30, 2021.
•
Academic Quality – Financial and in-kind support allows RCTC to obtain cutting-edge equipment and innovative grants. Championship Athletics – RCTC offers nationally renowned varsity athletics that are unmatched by any other two-year college. Scholarships – Access to affordable education can be limited for some. Scholarships can change that. Student Support – Students who are healthy both physically and mentally perform better academically. Strategic Investments – RCTC gladly accepts any and all giving which supports students.
On behalf of the RCTC Foundation, I want to personally thank our donors for their generosity and unwavering commitment to our students’ educational pursuits. The donations to the Foundation continue to make a difference in our students lives, especially during the COVID 19 pandemic. We are all aware of the continued financial and emotional toll the past two years have had on our community. The RCTC Foundation is privileged to have the support of our donors, alumni, and faculty and staff in supporting the students of the Rochester Community and Technical College. PAGE 1 | ANNUAL REPORT
SPOTLIGHT ON STUDENT SCHOLARSHIPS | TESS BUESCHER Tess was pregnant and living with her dog in her car during a Minnesota winter. That’s when she decided that education was the key to a better life for her and her child. After finding housing, Tess became a student at Rochester Community and Technical College in Spring 2019. “I love RCTC. I am so grateful for the opportunity. I have amazing instructors that believe in me and encourage me. I feel important here.” At RCTC, Tess discovered a love of science, especially organic chemistry. “Our instructor really challenged us. When I synthesized my first molecule, it was amazing.“ Now Tess wants to become a pharmacist. Despite receiving a generous Pell grant, Tess works three jobs and still struggles to get by. RCTC Foundation scholarships are critically important. Tess’s scholarships help pay for tuition and reduce her workload so she can maintain a 4.0 GPA and serve as a leader on Student Senate and Phi Theta Kappa. With the support of her RCTC instructors and Foundation scholarships, Tess transferred this spring and is already applying to pharmacy schools. As hard-working as she is, we are confident she will succeed.
SPOTLIGHT ON DONORS | DICK AND PATRICIA GEIER In Fall 2020, Dr Dick Geier, retired surgeon and former OMC President, read a magazine that would impact him deeply. Living Lutheran devoted an issue to how systemic racism continues to impact Black families. One article challenged its readers to look at their own lives and ask themselves, “How can I help?” As he was considering this question, Dick saw a news story that highlighted the significant disparity between the percentage of students of color and the percentage of teachers of color. He then found an even higher disparity in the Rochester schools. Education had always been important to Dick’s family. His
“Offering a scholarship for a black student to become a local teacher would give the student a chance for a meaningful career, provide more role models for students of color and foster positive relationships for all students in Rochester schools.”
mother had been a special education teacher. Dick’s parents had been active in the NAACP working for open housing and desegregation. Finding a way to increase the number of Black teachers in the Rochester schools seemed like a critical first step. He thought, “If we can’t recruit them, we need to grow them.” Dick’s wife, Patty had worked her way through university and knows that the cost keeps many students from getting their degree. In 2021, the Geiers established the Karen Geier Memorial Scholarships at the RCTC Foundation, in honor of Dick’s late wife Karen. These two $5,000 scholarships cover tuition costs (up to 30 credits annually) for an incoming student and a returning student studying education. In addition, the Geiers offer scholarships for these students to continue at Winona State University. Their goal is to attract more students of color to the teaching profession —hopefully graduating and eventually teaching at Rochester schools. While Dick is focused on the long-term impact of his scholarship, he is happy to know that he is helping RCTC students achieve their goal of becoming teachers. He says, “It will take time, many years, to graduate enough new teachers to address the disparity in our school, however, each new teacher of color will have a significant impact on the lives of his or her students.”
RCTC FOUNDATION | PAGE 2
NEW SCHOLARSHIPS SPOTLIGHT ON DONOR | DICK AND WORKFORCE DEVELOPMENT SCHOLARSHIPS (WDS)
Minnesota employers are facing a critical shortage of workers with the skills needed for high-demand occupations. To address this shortage, the Minnesota Legislature has provided funding for 45 scholarships at RCTC valued at $2,500 in the fields of Advanced Manufacturing, Agriculture, Health Care Services, Information Technology, Early Childhood Education, and Transportation. In addition, the Legislature offered to match NEW scholarships in these industry areas. Our community responded generously, raising $25,000 in new scholarship funds. Because of our donors and this WDS program, we are able to offer an additional $50,000 in new scholarships to RCTC students in these 6 high-demand areas. We would like to highlight the following new Workforce Development Scholarships: •
12TH STREET DENTAL SCHOLARSHIP
•
COLLINS ORTHODONTICS SCHOLARSHIP FOR DENTAL ASSISTING
•
COMMUNITY DENTAL CARE – DENTAL ASSISTANT
The word “Haki” means “justice” in
•
COMMUNITY DENTAL CARE – DENTAL ASSISTANT PUBLIC HEALTH
Swahili. Donated in honor of former
•
FAMILY DENTIST TREE PROFESSIONAL SCHOLARSHIP – DENTAL ASSISTANT
•
FAMILY DENTIST TREE PROFESSIONAL SCHOLARSHIP – DENTAL HYGIENE
•
FUR, FEATHERS, AND FINS SCHOLARSHIP BY MED CITY ANIMAL HOSPITAL
•
JANET & PATRICK GANNON SCHOLARSHIP – VETERINARY TECHNICIAN
•
JANET & PATRICK GANNON SCHOLARSHIP – EDUCATION
•
KAREN GEIER MEMORIAL SCHOLARSHIP
•
MAIN STREET DENTAL SCHOLARSHIP – DENTAL ASSISTANT
•
MAIN STREET DENTAL SCHOLARSHIP – DENTAL HYGIENE
•
MINNESOTA LAKES DENTAL SCHOLARSHIP
•
NORTHERN VALLEY ANIMAL CLINIC SCHOLARSHIP
•
VCA CASCADE ANIMAL MEDICAL CENTER SCHOLARSHIP
HAKI SCHOLARSHIP
RCTC employee, Chao Mwatela, this scholarship is available to incoming or returning students with financial need, that have a commitment to supporting diversity, equity and inclusion.
PAGE 3 | ANNUAL REPORT
SPOTLIGHT ON DONOR | JULIE STENEHJEM HAS A PASSION FOR LIFE RCTC Alumna Julie Stenehjem spent more than 30 years as a
LIFE offers a wide-range of educational offerings — history,
kindergarten teacher, and she is passionate about education.
art, science, travel, and many other topics. During the
After she retired, Julie got involved in RCTC’s LIFE program
pandemic classes are being offered online — with technical
(Learning is ForEver) which provides non-credit educational
support available to help those who need help with the
offerings to members of the community on a wide range
technology. The move to online classes has opened up new
of subjects.
courses and speakers — this year with speakers representing all 50 states.
“Education is so important. It’s what keeps us growing mentally. RCTC’s LIFE program gives us an opportunity to take in new
Julie got involved with the LIFE Board about 6 years ago.
knowledge and meet others who share a passion for education.
As a Board member, Julie wants to do everything she can to
As a retired person, the LIFE program continues to expand and
help more people enjoy great classes that the LIFE program
enrich our quality of life.”
offers. “I give to the RCTC Foundation to support the LIFE Program because I want to see it continue. I know costs of delivering the programs continue to rise but my husband Dean and I want to keep it affordable so that everyone can participate. We see this as an opportunity to provide for others that don’t have what we have.” RCTC is our community’s college and is dedicated to meeting the needs of our community. Julie says “I’m proud to be an RCTC alumni. I love that RCTC delivers a quality education to everyone — from young students, to people changing careers or on the job, to providing education for seniors. I hope others will join the LIFE program and join us in supporting it. learningisforever.net
Scholarships Change Lives...
SCHOLARSHIP RECIPIENT
“The long-term impacts of this scholarship on my life are endless. It allows me more time with my son that I could never get back. It allows me to work harder to maintain my 4.0 GPA which will help me when applying for higher education programs. It also allows me to focus on my own mental health and not worrying how bills will be paid or how we are eating.”
RCTC FOUNDATION | PAGE 4
SCHOLARSHIP RECIPIENT
“I am so amazed and excited to experience college at RCTC. I can’t wait to see what the future brings me. But I have a hard time paying for my classes. Someday, I would like to live in a nice house, without worrying about being short of food. When I grow up, I will be able to help someone else in need. Knowing that someone helped me pushes me to keep working for something I always wanted to be.”
SCHOLARSHIPS HONOR WARREN SKAAREN LEGACY AT RCTC From Rochester to Hollywood. When you start at RCTC, you can go anywhere! Warren Skaaren, a 1966 alumnus from Rochester State Junior College (predecessor to RCTC) went on to become one of the most successful screenwriters of the 1980s. Skaaren worked on well-known films including Top Gun (1986), Beetlejuice (1987), Beverly Hills Cop II (1988), and Batman (1989). During this time, Skaaren maintained a close connection with his long-time mentor, Robert (Bob) Wise, Associate Dean of Students at RCC. Sadly, Skaaren passed away from cancer on December 28, 1990. In 2021, the Warren Skaaren Charitable Trust committed to fund $75,000 in scholarships to make a college education accessible and affordable for high-need students, especially those that have faced barriers to receiving an education such as students of color and single parents. In 2021, this donation provided scholarships
Burton continues, “Warren was an exceptional person. He created his Trust so that he could continue to make a difference. These scholarships will help students develop their abilities, choose the careers they want, and move on to the next stage of their lives. It is rewarding and humbling to see Warren’s legacy
ranging from $1,000-$5,000 to 13 students with high needs.
continue by helping these students succeed.”
Amon Burton, Trustee of the Warren Skaaren Charitable Trust,
Burton says, “I repeatedly encourage people to give serious
met the 13 Skaaren Scholars and members of the Skaaren family at a reception in October. Burton says, “RCTC meant a lot to Warren. He told me often how important the College was in his life, how he had matured here, and how much his relationship with Bob Wise meant. The College was a very formative experience in his life.”
Warren Skaaren 1946 - 1990
SCHOLARSHIP RECIPIENT
“The scholarship will help me achieve my goals without going further into debt with student loans. I have many student loans but have never been in a good spot to pay anything back. I felt a weight lifted off my shoulders when I found out that I got the scholarship. It has decreased my worry in wondering how I am going to pay for everything. It has impacted my confidence as it helps me get that much closer to my goals.”
thought to setting up a charitable trust in their wills and estate plans. Since Warren’s passing in 1990, the Warren Skaaren Charitable Trust has given away far more to the causes Warren cared about than the gift in his will to establish the Trust. And what is amazing is the Trust still has funds to continue Warren’s legacy for many more years.”
TO FIND OUT MORE ABOUT SETTING UP AN ENDOWMENT OR LEAVING A GIFT TO THE RCTC FOUNDATION IN YOUR WILL, CONTACT THE RCTC FOUNDATION AT 507-281-7771 OR FOUNDATION@RCTC.EDU.
SCHOLARSHIP RECIPIENT
“I know what I want to do, but it is incredibly difficult to succeed educationally if you must work and raise a child. I work 3 part-time jobs and even with a generous Pell grant, I barely get by. This scholarship helps to ease some of the stress of wondering how I am going to make enough money to pay for rent, pay for books, and afford gas to get to school.”
SCHOLARSHIP RECIPIENT
“When you have experienced adversity, you come out the other side wanting to make sure others don’t go through the same things you have or that if they do there is someone there to help. So, when you give a scholarship, you aren’t just investing in me, you are investing in everyone I will be able to help. I just want you to know I will make that worthwhile.”
PAGE 5 | ANNUAL REPORT
HONOR ROLL OF DONORS The RCTC Foundation is pleased to acknowledge our benefactors in the Honor Roll of Donors who supported the College. 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
Judith Pease
Peggy Vevang & Ron Dickie
Linda Miller
Judy & Gary Kingsbury
Philip & Catherine Karsell
Lori Halverson-Wente
President’s Club ($5,000+)
Karen Kamradt
Phyllis Jacobs
Lori Jensen
Markus Lang
Richard Leland
Mark & Kristine Litzow
Martha Batzner
Roger & Maggie Nolte
Mary Boyne
Matt & Dawn Horace
Roxy & Steve Roadway
Mirwais Qader
Pam Benson
Ruth & Jerry Casper
Nancy Gilliland
Simona Baias
Scott & Julie Smith
Nikka Vrieze
Roy Hoffman
Stephen & Monica Frytak
Sharon Nichols
Patricia Horst
Steve & Sharon Nigon
Shawn & Michelle Fagan
Paula Haines
Stewardship Club ($1,000-$4,999)
Thomas Brinkman
Teresa Brown
Paul Kinion
Thomas & Mary Ostrom
Peggy Menzel & Ed Creagan
Brenda Dicken Elizabeth & Erik Ritman Harriet G. Hanson Estate Judith A. McDermott Estate Dr. Richard & Patricia Geier
Allen & Marcia Dollerschell Brian D. Muellner
Robert & Ancy Morse
College Club ($200-$499) Annie Clement
Centennial Club ($100-$199)
Ronald & Sharon Elcombe
Anonymous
Alan & Jolene Hansen
Ronald & Judy Yaggy
B. Anderson
Allan & Shaune O’Bryan
Sandra George
Bill & Edwina Bean
Allen & Emily Anderson
Sandra Tschida
Bob & Cindy Groettum
Alex Lair
Scott & Kelley Olson
Catherine Ellstrom
Ann Lien
Shannon & Craig Hilleson
Chao Mwatela
Anonymous
Sharon D. S. Lager
Charles & Judy Bird
Atef Dimian
Stephen Schmall
Cy & Cheryl Champa
Brianna & Bill Fay
Susan Hommerding
Daniel & Julia Caesar
Cat Burns
Sylvia Swede
Darlene & Jim Vowels
Cody Pogalz
Tammy & Dwayne Lee
Deborah & Jim Jacobsen
Colleen & Scott Arnold
Teresa Dewitt
Donald Borcherding
Curtis & Kim Schumacher
Thomas Gilliam
Doug & Terry Wiltsie
Deborah Cannon
Walter Menning
Ellen Stelling
Donald & Carole Ott
Eric Sime
Douglas & Val Lochner
Friends of RCTC (Up to $100)
Richard Orvold & Marita Heller
Glen Saponari
Elizabeth DuBord & Rick Cardiff
Amanda Swintek
Stanimir & Zvezdana Vuk-Pavlovic
Guy & Terri Finne
Eva Colligan
Amy & Stan Mayer
Jamie Mahlberg
Feras Al-Kaisi
Angie & Pete Chafos
Thomas & Lynne Gaffey
Jason Meier
Jane Callahan
Anonymous
William and Kay Haling
Jenee & Shep McGurren
Janet Rantala
Ardell Brede
Dr. Young & Kyong Juhn
Judith Haugen
Jean Hoth
Barbara Fritz
Carl Wagner Carol Eppen Dean & Julie Stenehjem Deb & TJ Shandley Evelyn Schlichting George & Mary Ellen Malkasian Ione Schloegel James & Priscilla Russell Jeannie Anderson Kit Muellner Lawrence & Mary Schwanke Neil Anderson Nicholas Bowman Patrick & Janet Gannon Paul & Joni Styve Rebecca Hill & Jevan Loshbough
Karen Vinje
Jessie Martinez
Bernard Saletel
Dean’s Club ($500-$999)
Kristin & Nathan Mannix
Ken & Nancy Allsen
Bert & Joan Aikens
Ann Skowronski
Leon & Linda Gregg
Jon Closson
Beth Torgerud
Beth Heim de Bera
Leonard & Yvonne Cronin
Jon Olson
Brenda Frame
C. Robert & Marcella Elliot
Linda & Franklin Iossi
Joseph & Terrilynn Blodgett
Bruce & Paulette Teigen
Don Baldus
Matt Bissonette
Karel Weigel
Carissa Drake
Don & Stephanie Supalla
Michelle Pyfferoen
Karin Wright
Carolyn Chaapel
Irvin & Maureen Plitzuweit
Nancy & Richard Wheeler
Katie Silsz
Catherine A Swessel
Jeffery & Carolyn Boyd
Peg & Pat Farrell
Larry Laber
Colleen Worisek
RCTC FOUNDATION | PAGE 6
Coralie Fiegel
Marilyn Theismann
City of Red Wing
College Club ($100-$199)
Curt Mortenson
Mary Wilson
City of Winona
Citizens State Bank of Hayfield
Dakin & Sigrid Trimble
Melanie Callister
Collins Orthodontics
Daniel Costello
Michelle Messenger
Darlene Miller
Michelle Wood
Drifters Car Club of Southeast Minnesota
Elysian Senior Homes of Lake City
Daryl Schulz
Nancy Brubaker
Dave Dallstream
Nancy Kampmeier
Deanne Schemmel
Nancy Matthews
Deb Vang
Patricia Mann
Deborah Spitzer
Peeranut Visetsuth
Dennis Mays
Peggy Kuiper
Diane Pollock
Peter & Norma Onstad
Donna Stewart
Peter Southorn
Elizabeth Swanson
Phyllis Anderson
Frances Field
Phyllis Schmid
Heather & Mike Donovan
Randy & Vicki Frauendienst
Heather & Troy McEldowney
Rebecca Peine
Heather Skelincka
Reuben & Carol Kamper
Helen Restovich
Robert & Deborah Bendzick
James & Sonja Hruska
Rod Milbrandt
James & Dorothy Ledrick
Scott Harmening
James Miller
Echelon Wealth Partners First Alliance Credit Union Gwaltney Group/REMAX Results Home Federal Savings Bank I & S Group, Inc. IBM Keller-Baartman Properties III LLC Knutson Construction
Mayo Employees Federal Credit Union PayPal Giving Fund RCTC English Department Rochester International Association Scheels Centennial Club ($100-$199)
Merchants Bank
BPO Does - Rochester Does Droves #19
Minnesota Society of Professional Engineers
DeCook Landscaping LLC
Olmsted Medical Center ONB Bank Peoples State Bank
Lohman Appraisals, LLC Seneca Foods Foundation United Way of Olmsted County, Inc.
People’s Cooperative Services Premier Bank
Friends of RCTC (Up to $100)
Sharon Weiners
Rochester Commercial Banks Association
James & Anne Morton
Sheila Kiscaden
Rochester Garden & Flower Club
American Association of University Women Rochester Branch
Janet Kuchera
Stephen Harner
Shades of Green Hosta Society
Jean Johnson
Suzanne Kavanaugh Dinusson
Sterling State Bank
Jean Thomson
Tanner Reeve
Jennifer Kiehne
Tracy & Julie Harris
Jake Griggs
Travis Rutt
The Chicago Community Foundation on behalf of Compeer Financial
John Buchl
ViAnn Olson
Jon Krusmark
Wayne Banks
Joseph LaForge
Josh Bendickson
INSTITUTIONAL DONORS
Joyce Campion Juan & Deborah Bowen
President’s Club ($5,000+)
Judy Peine
Mayo Clinic
Karen Fredin
Rochester Area Foundation
Karen Moen
Warren Skaaren Charitable Trust
Katherine Jacobson
TLS Companies West Bank Winona State University Foundation
12th Street Dental 40 & 8 Cabane 327 Foresight Bank John Miller Excavating
Kent Hofer & Cindy Swessel-Hofer
American Business Women’s Association
Minnesota Lakes Dental
American Center for Philanthropy on behalf of Carlson Capital Management
Sandberg Law Office
Liz Dorn Lora K. Johnson Lyle & Yvonne Madsen M. Schwedhelm Margaret & Virgil Clark Marilyn Morem
Mark Faas
Robin Fruth Dugstad
40 & 8 Voiture 327
Linda Thompson
Johnston Investments
Dean’s Club ($500 - $999)
Kay Morcomb
Linda Decker
Elanco
Mayo Clinic
Stewardship Club ($1,000-$4,999)
Lawrence & Ann Downing
CAB Media LLC
Zumbro Valley Dental Society
Katie Swegarden
Kip Hartung
LEVERAGED EQUIPMENT DONORS
Mayo Foundation Chapter Sigma XI Northern Valley Animal Clinic Pine Island Bank
American Society of Heating, Refrigerating & AirConditioning Engineers
Rochester Police Benevolent Association
Bank of Zumbrota
United Farmers State Bank
Bell Bank Mortgage
US Bank
Blackbaud Giving Fund
Widseth
UCare
McNeilus Steel, Inc Rochester Garden & Flower Club Willard & Lorraine Johnson
OAKS EVENT SPONSORS American Society of Heating, Refrigerating & AirConditioning Engineers Bell Bank Mortgage Bremer Bank Echelon Wealth Partners Gwaltney Group/REMAX Results Home Federal Savings Bank I & S Group, Inc. KAAL TV – ABC 6 News
BluePearl Veterinary Partners
Knutson Construction
Bremer Bank
Mayo Clinic PAGE 7 | ANNUAL REPORT
OAKS EVENTS SPONSORS CONT.
In memory of Bill Fessler
In memory of Kathleen McCormick
Cy & Cheryl Champa
RCTC English Department
In memory of Dr. Ronald Butterfield
In memory of Kelly Grimes
Roxy & Steve Roadway
Irvin & Maureen Plitzuweit Merchants Bank Olmsted Medical Center
In memory of Brett Styve
Premier Bank
Paul & Joni Styve
Jenee & Shep McGurren In memory of Kenneth Threinen
Reagan Outdoor Advertising Rebecca Hill & Jevan Loshbough
In memory of Carly Sweet
Jenee & Shep McGurren
RCTC
Jenee & Shep McGurren
Roxy & Steve Roadway
Sterling State Bank
In memory of Dale Honsey
In memory of Kori Jendersee
Steve & Sharon Nigon
Jenee & Shep McGurren
Jenee & Shep McGurren
Sandberg Law Office
Roxy & Steve Roadway
TLS Companies UCare
In memory of Elrey Wilson
West Bank
Jenee & Shep McGurren
In memory of Leon Odenbrett
Winona State University Foundation
Roxy & Steve Roadway
Jenee & Shep McGurren
In memory of Fern Vanderford
In memory of Lyle Madsen
Roxy & Steve Roadway
Allen & Marcia Dollerschell
YELLOWJACKET GOLF CLASSIC SPONSORS Berg Farms CRW Architecture + Design Group Custom Alarm Cy & Cheryl Champa Gwaltney Group/REMAX Results Lohman Appraisals, LLC. Marquee Construction Mayo Clinic Sports Medicine Murphy Business Sales
Anonymous In memory of Frank Hodgman
Bert & Joan Aikens
Melanie Callister
Curt Mortenson
Jenee & Shep McGurren
Dakin & Sigrid Trimble
Roxy & Steve Roadway
Darlene Miller Don & Stephanie Supalla
In memory of Gerald LaPlante
James Miller
Jenee & Shep McGurren
Karen Fredin Kip Hartung
In memory of Gloria Vrieze
Linda Decker
Roxy & Steve Roadway
Peter & Norma Onstad Scott Harmening
RCTC Men’s Basketball Coaching Staff
In memory of Grace Siems
Rebecca Hill & Jevan Loshbough
Pam Benson
In memory of Lynne Dollerschell
Ron’s Strawberries at Sekapp Orchard
Judy & Gary Kingsbury
Suzanne Kavanaugh Dinusson
Sterling State Bank
Michelle Messenger
TLS Companies
Allen & Marcia Dollerschell
Weller Brothers Landscaping
Jenee & Shep McGurren
Irvin & Maureen Plitzuweit
In memory of Harold Wipperling
In memory of Nancy Vehrenkamp
Jenee & Shep McGurren
Roxy & Steve Roadway
In memory of Helen Eubank
In memory of O. Silker
Jenee & Shep McGurren
Lyle & Yvonne Madsen
In memory of Ivan Frank
In memory of Patrick Gadient
The Siems Family
Markus Lang
In memory of Janet Leonard
In memory of Roger Jensson
The Siems Family
Jenee & Shep McGurren
Widseth
Roxy & Steve Roadway In memory of Betty Rick Jenee & Shep McGurren In memory of Betty Truitt Ruth & Jerry Casper RCTC FOUNDATION | PAGE 8
Don & Stephanie Supalla In memory of Stephan Larson Jenee & Shep McGurren
GIFTS OF TRIBUTE IN HONOR In honor of Alex Decosta & Gabe Permann Rebecca Hill & Jevan Loshbough In honor of Dr. Jeffery S. Boyd AAUW-Rochester Branch In honor of Jim Gilkinson Linda Thompson In honor of Nicole Beyer Liz Dorn In honor of Pat Costello Daniel Costello In honor of Roxy Roadway’s Retirement Don & Stephanie Supalla
In memory of Hanna Macareno
In memory of Betty Pyfferoen
In memory of Russ Hanson
In memory of Mary Wolter
The Quarters at Rochester
GIFTS OF TRIBUTE IN MEMORY
Jenee & Shep McGurren
Roxy & Steve Roadway
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) 2817771 or via e-mail at foundation@rctc.edu.
RCTC FOUNDATION FINANCIAL STATEMENT This financial statement is a condensed summary of the end-of-year 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. 2021
Assets Current Assets: Cash and cash equivalents Money market mutual funds Contributions receivable Investments Prepaid expense and other assets Total current assets
$
Property and equipment: Equipment and software Less accumulated depreciation Property and equipment, net
262,414
7,900,074 1,353 8,163,841
2020 $
7,176 7,176 -
Noncurrent assets: Beneficial interest in charitable remainder unitrust Total assets
$
18,342 8,182,183
159,138 269,458 5,500 6,154,767 1,353 6,590,216 7,176 7,176 -
$
15,891 6,606,107
Liabilities and Net Assets Current Liabilities: Accounts payable Funds, equipment, and supplies held for the benefit of others Total current liabilities
$
Net assets: Without donor restrictions With donor restrictions Total net assets $
Statement of Activities and Changes in Net Assets Year Ended June 30, 2021
Without Donor Restrictions $
Expenses: Program General and administrative Fundraising Total expenses Change in net assets Net assets, beginning of year Net assets, end of year
$
127,473 7,977,959 8,105,432
Total liabilities and net assets
Revenues support, gains and losses: Contributions Contributions – in-kind Special events, net of direct benefit to donors of $6,723 Investment income Change in value of split-interest agreement Net assets released from restrictions Total revenues, support, gains and losses
15,038 61,713 76,751
$
8,599 216,478
8,182,183
124,713 6,481,086 6,605,799 $
With Donor Restrictions $
142,436 -
308 308
6,606,107
Totals $
151,035 216,478 44,229
44,229 254,372
1,606,358 2,451 (254,372)
1,606,358 2,451 -
523,678
1,496,873
2,020,551
254,372 155,887 110,659 520,918
-
254,372 155,887 110,659 520,918
2,760
1,496,873
1,499,633
124,713
6,481,086
6,605,799
127,473
$
7,977,959
$
8,105,432
PAGE 9 | ANNUAL REPORT
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RCTC FOUNDATION MISSION
FACEBOOK.COM/RCTCFOUNDATION
The Rochester Community and Technical College Foundation improves lives with support of quality, affordable, accessible higher education.
RCTC Foundation 851 30th Avenue SE Rochester, MN 55904
The RCTC Foundation is a tax-exempt, 501(c)(3) charitable organization. In accordance with IRS rules and regulations, contributions are tax-deductible.
FOUNDATION
Office Located at Heintz Center: 1926 College View Road SE, Suite H1301 507-281-7771 | foundation@rctc.edu
851 30TH AVE SE | ROCHESTER 55904 | 507-285-7210 | RCTC.EDU (©) ROCHESTER COMMUNITY AND TECHNICAL COLLEGE 2022
