Redlands Community College Foundation Inc.
1300 S Country Club Rd
El Reno OK 73036
Tax Exempt Status Public Supported Charity
Organization Does Business As (DBA) Name(s)
Organization DBA
Redlands Community College Foundation, Inc.
Mission Statement
Mission: To raise and invest funds and to manage resources in order to provide for scholarships, grants, and capital support for Redlands Community College and its students.
Contact Information
Contact Name Kenzi Hull
Contact email kenzi.hull@redlandscc.edu
Address 1300 S Country Club Rd
El Reno, OK 73036
Phone (405) 422-1258
Fax 405-422-1258
County Canadian County
Alternate Phone 405 422-1260
How to Give
Donate with Credit Card http://Not Applicable
Donate to Endowment http://occf.org/rccgen/
Other ways to donate, support or volunteer
Volunteer oportunities to serve on the Foundation Board or to work at or donate items to a fund raising event; mail and in-person receipt of checks or cash donations. College employee payroll deductions. 
Financial Summary
 
 
Projected Revenue $165,000.00
Projected Expenses $165,000.00
History and Background
Former Names
NameYear
None
Supported Organization Redlands Community College
Year Founded 1977
IRS Ruling Year 1977
State Registration Expiration Sept 2012
Statements
Mission
Mission: To raise and invest funds and to manage resources in order to provide for scholarships, grants, and capital support for Redlands Community College and its students.
Background

The Redlands Community College Foundation was established in 1977 to provide financial assistance to eligible students of Redlands Community College through the awarding of scholarships and grants to support achievement of their higher educational goals. Additionally, the Foundation has the purpose of raising funds for capital support of  the college and its projects.  The Foundation also serves as a 501© 3 Tax-Exempt Organization through which the college can receive Federal, State and Private grant funds for both restricted and unrestricted purposes. In 2007, the Redlands Community College Foundation moved its 14 endowed scholarship funds totalling just over $200,000 to the Oklahoma City Community Foundation. Since that time, the Redlands Community College Foundation has worked to increase the number of endowed funds in support of its mission.  There are now 26 endowed funds totalling over $530,000 endowed at the OCCF.

Impact
1.  Continued to work to increase endowed scholarship funding.
2.  Raised net funding of $15,500.00 at the annual Beans & Jeans Fundraising dinner for support of scholarships and a capital project to help provide funding for renovation of a historic Chapel located on College property to be used as a high technology learning and research center.
3.  Raised over $4,000.00 at the El Reno Annual Tour of Homes event sponsored by the Foundation.
Area Served
Area Served
Geographic Area Served
Oklahoma - Statewide
Canadian County
Central Oklahoma
El Reno
Grady County
Mustang
Oklahoma City
Oklahoma County
Oklahoma City Metropolitan Statistical Area (all 7 counties)
Yukon
Oklahoma statewide
Service Categories
Secondary Organizational Category Education/Two-Year Colleges
Tertiary Organizational Category Education/Undergraduate Colleges
CEO/Executive Director
CEO/Executive Director Jill Worthington
Start Date Apr 2006
Email worthingtonj@redlandscc.edu
Staff
Number of Full-time Staff 1
Number of Part-time Staff 0
Number of Contract Staff 0
Number of Volunteers 10
Are professional development opportunities provided? No
Does CEO/Executive Director have formal evaluations? No
Management reports to board? Yes
Organizational Plans
Fundraising Plan Under Development
Communication Plan No
Strategic Plan No
Management Succession Plan No
Organization Policies and Procedures Yes
Risk Management Provisions
Directors and Officers Policy
Board Chair
Name Mr. Dale Cox
Company Affiliation Trans-Tech LLC
Term Feb 2016 to Jan 2018
Email dale@trans-techllc.com
Board of Directors
List Current as of Aug 18, 2016
Board of Directors List
NameAffiliationStatus
Ms. Heather Brothers City of El RenoVoting
Mr. Dale Cox Trans Tech LLCVoting
Mr. John Paul Fitzgerald BancFirstVoting
Mr. Jarod Gentry Gentry ServiceVoting
Mr. David Griesel OEMAVoting
Ms. Betty Johnston Community VolunteerVoting
Mr. Curtis Jones Heritage Integrated SolutionsVoting
Ms. Joan Mueggenborg InterBankVoting
Ms. Vicki Myers Russell Murray HospiceVoting
Ms. Dorothea Paulk Community VolunteerVoting
Ms. Jill Phillips Farmers InsuranceVoting
Ms. Brooke Robertson El Reno Public SchoolsVoting
Mr. Jim Stengle O G & EVoting
Current Fiscal Year
Fiscal Year Feb 01, 2016-Jan 31, 2017
Current Year Budgeted Total Income $165,000
Current Year Budgeted Total Expenses $165,000
Financial Documents
Audit2015
Audit2014
Audit2013
Audit2012
Audit2011
Audit2010
Audit2009
Audit2008
IRS Letter of Determination
Prior Three Years' Financial History
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
$60,976$34,317$20,594
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$25,943$78,126$4,190
------
$416,841$341,313$184,705
Investment Income, Net of Losses$631$554$5,039
Unrealized Gain/Loss$43,164$48,177$47,536
Membership Dues------
Special Events$13,275$14,839$17,663
Revenue In-Kind------
Other------
Expense Allocation
Fiscal Year201520142013
Program Expense$39,602$32,842$140,651
Administration Expense$37,937$13,187$13,913
Fundraising Expense------
Payments to Affiliates$550,672$559,452--
Total Revenue/Total Expenses0.890.851.81
Program Expense/Total Expenses6%5%91%
Fundraising Expense/Contributed Revenue0%0%0%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$4,046,159$4,068,183$4,207,706
Current Assets$171,247$186,116$136,315
Long-Term Liabilities$3,210,262$3,146,189$3,100,000
Current Liabilities$137,226$155,942$253,499
Total Net Assets$698,671$766,052$854,207
Solvency
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities1.251.190.54
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets79%77%74%
Funding Sources
Top Funding Sources
Fiscal Year201520142013
Top Funding Source & Dollar AmountEarned Revenue $416,841Earned Revenue $341,313Earned Revenue $184,705
Second Highest Funding Source & Dollar AmountFoundation & Corporations $60,976Individuals $78,126Unrealized & Realized Gains/(Losses) $47,536
Third Highest Funding Source & Dollar AmountUnrealized & Realized Gains/(Losses) $43,164Unrealized & Realized Gains/(Losses) $48,177Foundation & Corporations $20,594
Endowment? Yes
Endowment Spending Policy Percentage
Endowment Spending Policy Percentage (if selected) 5 %
Credit Line? No
Reserve Fund? No
Capital Campaign
Currently in a Capital Campaign? Yes
Campaign Purpose The Redlands Community College Foundation is assisting with fund raising to help the college restore a historic Chapel located on college property to be used as a high technology learning and research facility.
Comments on Financials
Foundation Staff Comments
All prior year financial information is from audited financial statements, which are presented on a modified cash basis.
 
The audit opinion changed from "Unqualified" to "Qualified" as of FY2013 and remains to thru FY2015.  Refer to the audit paragraph "Basis for Qualified Opinion."  Because of the uncertainty of the legality of the Ground Lease Agreement, the Sublease Agreement, and the Manage and Maintain Agreement as described in Note 15 to the financial statements, the auditors were unable to form an opinion regarding the amounts at which the property and equipment and the capital lease obligations are recorded in the accompanying statement of assets, liabilities, and net assets or the amount of depreciation expense for the years ended, January 31, 2015, 2014 & 2013.
 
Also, note the last paragraph (Page 16) regarding the request to the State of Oklahoma's Attorney General's office questioning the propriety of all involved to enter into such terms of the Ground Lease Agreement (Note 3), the Sublease Agreement (Note 9), and the Manage and Maintain Agreement (Note 14).  After further review of the Manage and Maintain Agreement, the AG's office notified RCC that all rent and related expenses must be paid directly by the Foundation.  Therefore, for subsequent periods, the Foundation will be responsible for making all payments relating to this property.  Additionally, the validity of the other agreements is under investigation and should be determined by the AG's office at a later date.  As of the report date, no decision has been made on the validity of these agreements.  Management is uncertain as to the outcome of the AG's decision.  Any changes to these agreements could materially affect these financial statements.
 
Note: FY2015 and FY2014, the expense "Payments to Affiliates" are related to the Cougar Crossing Phase II expenses of $550,672 and $559,452, respectively. Refer to Note 9 - Capital Leases regarding Cougar Crossing Apartments, Phase II, under a capital lease dated March 28, 2012 and expiring January 2063. 
 
Organizations with a GiveSmartOKC profile are responsible for updating information annually within 45 days following the end of their fiscal year.
 
Address 1300 S Country Club Rd
El Reno, OK 73036
Primary Phone 405 422-1258
Give with Credit Card http://Not Applicable
Give to Endowment http://occf.org/rccgen/
CEO/Executive Director Jill Worthington
Board Chair Mr. Dale Cox
Board Chair Company Affiliation Trans-Tech LLC