REND LAKE COLLEGE FOUNDATION

EIN: 371078407 501(c)(3) Education

INA, IL

Total Revenue
$1,195,688
Total Expenses
$557,552
Total Assets
$10,499,118
Net Assets
$10,466,539
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
IL
Principal Officer
AMY NEWELL
Phone
6184375321
Tax Period
2024-07-01 to 2025-06-30

REND LAKE COLLEGE FOUNDATION, founded in 1979, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $638K, a strong 53% operating margin.

Mission

TO AWARD SCHOLARSHIPS TO STUDENTS ATTENDING REND LAKE COLLEGE AND ENHANCE THE CULTURAL CONTRIBUTIONS OF THE COLLEGE TO STUDENTS AND AREA RESIDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $647,223
Program Service Revenue $0
Investment Income $510,386
Other Revenue $38,079
TOTAL REVENUE $1,195,688

Expense Breakdown

Grants Paid $363,174
Salaries & Benefits $0
Fundraising Expenses $70,344
Program Expenses $390,070
Other Expenses $194,378
TOTAL EXPENSES $557,552

Year-over-Year Comparison

2024 2023 Change
Revenue $1,195,688 $1,992,113 -0.4%
Expenses $557,552 $394,318 +0.4%
Net Income $638,136 $1,597,795 -0.6%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
21

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONY WIELT CHAIR 1.50
Officer Director
$0 $0 $0
MARY ELLEN AIKEN VICE-CHAIR 1.50
Officer Director
$0 $0 $0
STEVEN TATE TREASURER 1.50
Officer Director
$0 $0 $0
JAMES WITTENAUER SECRETARY 1.50
Officer Director
$0 $0 $0
GREGG BARNARD DIRECTOR 1.50
Director
$0 $0 $0
HUNT BONAN DIRECTOR 1.50
Director
$0 $0 $0
WILL DAVIS DIRECTOR 1.50
Director
$0 $0 $0
RODNEY CABANESS DIRECTOR 1.50
Director
$0 $0 $0
RANDALL DAUBY DIRECTOR 1.50
Director
$0 $0 $0
MATTHEW FLANIGAN DIRECTOR 1.50
Director
$0 $0 $0
PAT KERN DIRECTOR 1.50
Director
$0 $0 $0
JEFF LUEKE DIRECTOR 1.50
Director
$0 $0 $0
TRISH REED DIRECTOR 1.50
Director
$0 $0 $0
WESLEY SCHUMM DIRECTOR 1.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,195,688 $557,552 $10,499,118 $638,136
2024 $1,992,113 $394,318 $9,629,084 $1,597,795
2023 $1,499,624 $567,061 $7,593,104 $932,563
2022 $705,132 $591,348 $6,766,277 $113,784
2021 $2,138,780 $1,296,120 $6,842,054 $842,660
2020 $1,381,169 $819,769 $5,662,658 $561,400
2019 $1,333,337 $1,143,612 $5,196,935 $189,725
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