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Rainy River Community College Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Education N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$284k (2024)

Expenses
$232k (2024)

Total Assets
$2.49M (2024)

Total Liabilities
$1.54k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$283,918
Expenses
$232,163
Net Income
$51,755
Net Assets
$2,491,579
Notable Sources of Revenue Percent of Total Revenue
Contributions $86,262
30.4%
Program Services $0
Investment Income $65,682
23.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$1,753
Sales of Assets $133,727
47.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $18,053
7.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,493,120
Total Liabilities $1,541
Net Assets $2,491,579
Compensation
Key Employees and Officers Compensation Related Other
Michelle Shelly Koenig (Foundation Executive Director) $18,053 $0 $0
Patti Ballan (Board Member) $0 $0 $0
Joann Dornhecker (Board Member) $0 $0 $0
Sue Nordquist (Faculty Board Member) $0 $0 $0
Jerrod Shermoen (Board Member) $0 $0 $0
Mike Williams (Board Member) $0 $0 $0
Molly Bragg (Board Member) $0 $0 $0
Laurie Knapp (Board Member) $0 $0 $0
Jim Knapp (Board Member) $0 $0 $0
Sue Anderson (Board Member) $0 $0 $0
Tim Anderson (Board Member) $0 $0 $0
Jan Gauthier (Board Member) $0 $0 $0
Allen Rasmussen (Treasurer) $0 $0 $0
Erik Strand (Secretary) $0 $0 $0
Paul Nevanen (President) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$620,083
Expenses
$205,226
Net Income
$414,857
Net Assets
$2,303,903
Notable Sources of Revenue Percent of Total Revenue
Contributions $627,489
> 100%
Program Services $0
Investment Income $70,515
11.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$1,357
Sales of Assets -$76,564
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,304,923
Total Liabilities $1,020
Net Assets $2,303,903
Compensation
Key Employees and Officers Compensation Related Other
Patti Ballan (Board Member) $0 $0 $0
Joann Dornhecker (Board Member) $0 $0 $0
Allen Rasmussen (Treasurer) $0 $0 $0
Brad Krasaway (Director Of Operations) $0 $0 $0
Sue Nordquist (Faculty Board Member) $0 $0 $0
Erik Strand (Secretary) $0 $0 $0
Jerrod Shermoen (Board Member) $0 $0 $0
Mike Williams (Board Member) $0 $0 $0
Molly Bragg (Board Member) $0 $0 $0
Laurie Knapp (Board Member) $0 $0 $0
Jim Knapp (Board Member) $0 $0 $0
Shelly Koenig (Foundation Executive Director) $0 $0 $0
Paul Nevanen (President) $0 $0 $0
Sue Anderson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$259,753
Expenses
$154,743
Net Income
$105,010
Net Assets
$1,704,570
Notable Sources of Revenue Percent of Total Revenue
Contributions $49,550
19.1%
Program Services $0
Investment Income $65,507
25.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $23,435
9.0%
Sales of Assets $121,261
46.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,162
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,704,570
Total Liabilities $0
Net Assets $1,704,570
Compensation
Key Employees and Officers Compensation Related Other
Anne Homkes (Foundation Executive Director) $7,130 $0 $0
Shelly Koenig (Foundation Executive Director) $0 $0 $0
Mike Turenne (President) $0 $0 $0
Sue Anderson (Board Member) $0 $0 $0
Patti Ballan (Board Member) $0 $0 $0
Joann Dornhecker (Board Member) $0 $0 $0
Paul Nevanen (Secretary) $0 $0 $0
Allen Rasmussen (Treasurer) $0 $0 $0
Nancy Rogenrud (Board Member) $0 $0 $0
Jerrod Shermoen (Board Member) $0 $0 $0
Brad Krasaway (Director Of Operations) $0 $0 $0
Sue Nordquist (Faculty Board Member) $0 $0 $0
Mike Williams (Board Member) $0 $0 $0
Erik Strand (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$157,068
Expenses
$175,089
Net Income
-$18,021
Net Assets
$2,064,492
Notable Sources of Revenue Percent of Total Revenue
Contributions $62,591
39.8%
Program Services $0
Investment Income $40,684
25.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $53,793
34.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $14,960
8.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,067,223
Total Liabilities $2,731
Net Assets $2,064,492
Compensation
Key Employees and Officers Compensation Related Other
Anne Homkes (Foundation Executive Director) $18,530 $0 $0
Mike Turenne (President) $0 $0 $0
Erik Strand (Board Member) $0 $0 $0
Sue Anderson (Board Member) $0 $0 $0
Patti Ballan (Board Member) $0 $0 $0
Mary Sue Collins (Board Member) $0 $0 $0
Joann Dornhecker (Board Member) $0 $0 $0
Lindsey Goulet (Board Member) $0 $0 $0
Paul Nevanen (Secretary) $0 $0 $0
Allen Rasmussen (Treasurer) $0 $0 $0
Nancy Rognerud (Board Member) $0 $0 $0
Jerrod Shermoen (Board Member) $0 $0 $0
Brad Krasaway (Director Of Operations) $0 $0 $0
Sue Nordquist (Faculty Board Member) $0 $0 $0
Bruce Walker (Board Member) $0 $0 $0
Mike Williams (Board Member) $0 $0 $0
Tim Anderson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$136,761
Expenses
$218,339
Net Income
-$81,578
Net Assets
$1,789,419
Notable Sources of Revenue Percent of Total Revenue
Contributions $56,005
41.0%
Program Services $0
Investment Income $49,099
35.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $430
0.3%
Sales of Assets $31,227
22.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $18,780
8.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,799,553
Total Liabilities $10,134
Net Assets $1,789,419
Compensation
Key Employees and Officers Compensation Related Other
Anne Homkes (Foundation Executive Director) $14,330 $0 $0
Mike Turenne (President) $0 $0 $0
Erik Strand (Director) $0 $0 $0
Sue Anderson (Director) $0 $0 $0
Tim Anderson (Director) $0 $0 $0
Patti Ballan (Director) $0 $0 $0
Marysue Collins (Director) $0 $0 $0
Joann Dornhecker (Director) $0 $0 $0
Lindsey Goulet (Director) $0 $0 $0
Paul Nevanen (Secretary) $0 $0 $0
Allen Rasmussen (Treasurer) $0 $0 $0
Nancy Rognerud (Director) $0 $0 $0
Jerrod Shermoen (Director) $0 $0 $0
Brad Krasaway (Director Of Operations) $0 $0 $0
Sue Nordquist (Faculty Board Member) $0 $0 $0
Bruce Walker (Director) $0 $0 $0
Mike Williams (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$209,725
Expenses
$244,486
Net Income
-$34,761
Net Assets
$1,837,879
Notable Sources of Revenue Percent of Total Revenue
Contributions $64,856
30.9%
Program Services $0
Investment Income $46,988
22.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $19,324
9.2%
Sales of Assets $78,557
37.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,842,749
Total Liabilities $4,870
Net Assets $1,837,879

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$273,204
Expenses
$269,497
Net Income
$3,707
Net Assets
$1,872,909
Notable Sources of Revenue Percent of Total Revenue
Contributions $58,580
21.4%
Program Services $0
Investment Income $40,200
14.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $10,849
4.0%
Sales of Assets $163,575
59.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,877,309
Total Liabilities $4,400
Net Assets $1,872,909
Compensation
Key Employees and Officers Compensation Related Other
Erik Strand (Director) $0 $0 $0
Mike Turenne (President) $0 $0 $0
Bob Anderson (Director) $0 $0 $0
Sue Anderson (Director) $0 $0 $0
Tim Anderson (Director) $0 $0 $0
Patti Ballan (Director) $0 $0 $0
Joyce Bartowski (Director) $0 $0 $0
Marysue Collins (Director) $0 $0 $0
Joann Dornhecker (Director) $0 $0 $0
Leif Larsen (Director) $0 $0 $0
Paul Nevanen (Secretary) $0 $0 $0
Allen Rasmussen (Treasurer) $0 $0 $0
Jerrod Shermoen (Director) $0 $0 $0
Lindsey Goulet (Director) $0 $0 $0
Nancy Rognerud (Director) $0 $0 $0
Barb Fisher (Foundation Director) $0 $0 $0
Roxanne Kelly (Provost) $0 $0 $0
Sue Nordquist (Faculty Board Member) $0 $0 $0
Bruce Walker (Director) $0 $0 $0
Mike Williams (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$408,108
Expenses
$202,815
Net Income
$205,293
Net Assets
$1,912,614
Notable Sources of Revenue Percent of Total Revenue
Contributions $80,454
19.7%
Program Services $0
Investment Income $39,799
9.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $26,715
6.5%
Sales of Assets $261,140
64.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,914,614
Total Liabilities $2,000
Net Assets $1,912,614

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$183,955
Expenses
$204,380
Net Income
-$20,425
Net Assets
$1,787,844
Notable Sources of Revenue Percent of Total Revenue
Contributions $43,130
23.4%
Program Services $0
Investment Income $43,333
23.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $21,532
11.7%
Sales of Assets $75,960
41.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,816,744
Total Liabilities $28,900
Net Assets $1,787,844

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$196,714
Expenses
$189,073
Net Income
$7,641
Net Assets
$1,959,688
Notable Sources of Revenue Percent of Total Revenue
Contributions $38,567
19.6%
Program Services $0
Investment Income $43,974
22.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $13,944
7.1%
Sales of Assets $100,229
51.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,981,804
Total Liabilities $22,116
Net Assets $1,959,688
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Erik Strand (President) $0 $0 $0
Mike Turenne (Secretary/Vice President) $0 $0 $0
Bob Anderson (Board Member) $0 $0 $0
Sue Anderson (Board Member) $0 $0 $0
Tim Anderson (Board Member) $0 $0 $0
Patti Ballan (Board Member) $0 $0 $0
Joyce Bartkowski (Board Member) $0 $0 $0
Bonnie Fort (Board Member) $0 $0 $0
David Hebig (Board Member) $0 $0 $0
Leif Larsen (Board Member) $0 $0 $0
Paul Nevanen (Board Member) $0 $0 $0
Allen Rasmussen (Board Member) $0 $0 $0
Jerrod Shermoen (Board Member) $0 $0 $0
Ivan Stewart (Board Member) $0 $0 $0
Bruce Walker (Board Member) $0 $0 $0
Carol Helland (Rrcc Provost) $0 $0 $0
Barb Fisher (Foundation Director) $0 $43,350 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$330,807
Expenses
$153,948
Net Income
$176,859
Net Assets
$2,066,066
Notable Sources of Revenue Percent of Total Revenue
Contributions $65,267
19.7%
Program Services $0
Investment Income $265,540
80.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,080,265
Total Liabilities $14,199
Net Assets $2,066,066

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$447,565
Expenses
$132,422
Net Income
$315,143
Net Assets
$1,889,407
Notable Sources of Revenue Percent of Total Revenue
Contributions $258,294
57.7%
Program Services $0
Investment Income $189,271
42.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,902,748
Total Liabilities $13,341
Net Assets $1,889,407

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$81,012
Expenses
$154,465
Net Income
-$73,453
Net Assets
$1,574,264
Notable Sources of Revenue Percent of Total Revenue
Contributions $66,983
82.7%
Program Services $0
Investment Income $17,246
21.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$3,217
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,588,505
Total Liabilities $14,241
Net Assets $1,574,264

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$346,964
Expenses
$150,820
Net Income
$196,144
Net Assets
$1,647,717
Notable Sources of Revenue Percent of Total Revenue
Contributions $81,315
23.4%
Program Services $0
Investment Income $265,649
76.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,660,377
Total Liabilities $12,660
Net Assets $1,647,717

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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