2024-12-18T12:53:48-05:00 2024-06-30 930819646 JONES & ROTH PC PO BOX 10086 EUGENE OR 97440 990 2023-07-01 237113266 LANE COMMUNITY COLLEGE FOUNDATION LANE 5414635226 4000 E 30TH AVE EUGENE OR 974050640 WENDY JETT EXECUTIVE DIRECTOR 5414635226 2024-12-16 true true FRITZ S DUNCAN P00036435 5416872320 2024-12-16 2023 2024-10-15 13:58:12Z WENDY JETT 4000 E 30TH AVE EUGENE OR 974050640 7236519 false X WWW.LANECC.EDU/FOUNDATION X 1971 OR THE ORGANIZATION IS A CHARITABLE CORPORATION FORMED TO ENCOURAGE AND INVOLVE THE COMMUNITY IN FURTHER DEVELOPING EDUCATIONAL OPPORTUNITIES BY PROVIDING SCHOLARSHIPS AND AUGMENTING THE FACILITIES AND FUNCTIONS OF LANE COMMUNITY COLLEGE. 20 20 0 179 0 6013178 2939673 2488 2376 279036 622229 -45858 -65123 6248844 3499155 1942567 2402044 0 588713 685589 0 501395 404073 309956 2935353 3397589 3313491 101566 26273116 28747560 712572 1088745 25560544 27658815 X THE ORGANIZATION IS A CHARITABLE CORPORATION FORMED TO ENCOURAGE AND INVOLVE THE COMMUNITY IN FURTHER DEVELOPING EDUCATIONAL OPPORTUNITIES BY PROVIDING SCHOLARSHIPS AND AUGMENTING THE FACILITIES AND FUNCTIONS OF LANE COMMUNITY COLLEGE. false false 1517634 1517634 419 GRANTS AND 605 SCHOLARSHIPS WERE AWARDED TO LCC STUDENTS DURING THE YEAR. 593005 593005 FACULTY SUPPORT FOR NURSING. 81975 81975 PAYMENTS TO LCC FOR BUILDING 18 RENOVATIONS TO MEDIA ARTS ANIMATION LAB. 316535 209430 2376 EDUCATIONAL MATERIALS AND SUPPLIES, PROFESSIONAL DEVELOPMENT, PROMOTIONAL EXPENSES, SENIOR SERVICES, FUND RAISING EXPENSES, CAPITAL EQUIPMENT, MAINTENANCE SERVICES, CONFERENCES & EVENTS AND OTHER PROGRAM SUPPORT. 316535 209430 2376 2509149 true true false false false false false false false true false false false false true false true false false false false false false false true false false true true true false false false false false false false false true true false false false true false true false true 14 0 0 false false false false false false false false false true false false false X 20 20 false false false false false false false true true false false true true true true true true true true false AK CA CO HI KY MA MD ME MI MN NJ NV NY OH OR SC UT WA WI X LANE COMMUNITY COLLEGE FOUNDATION 5414635226 4000 E 30TH AVE EUGENE OR 97405 WENDY JETT EXECUTIVE DI 40.00 X 0 121842 38490 JERI STEELE PAST ACCOUNT 40.00 X 0 61743 10190 SHANNON DOLAN ACCOUNTANT 40.00 X 0 27732 10472 ALAN YORDY PRESIDENT 1.00 X X 0 0 0 STEVE WILDISH 1ST VICE PRE 1.00 X X 0 0 0 IRENE ALLTUCKER 2ND VICE PRE 1.00 X X 0 0 0 DIANA LEARNER TREASURER 1.00 X X 0 0 0 SUSAN SOONKEUM COX PAST PRESIDE 1.00 X X 0 0 0 STEPHANIE BULGER LCC PRESIDEN 1.00 X 0 0 0 PAULA CHAN CARPENTER MEMBER 1.00 X 0 0 0 MARVIN REVOAL MEMBER 1.00 X 0 0 0 SHANNON GRANT MEMBER 1.00 X 0 0 0 AMANDA HAUGLAND MEMBER 1.00 X 0 0 0 MARY JEANNE JACOBSEN MEMBER 1.00 X 0 0 0 MARY JANE MORI MEMBER 1.00 X 0 0 0 KIM REXIUS MEMBER 1.00 X 0 0 0 BRUCE RIDDLE MEMBER 1.00 X 0 0 0 AMY ROMERO MEMBER 1.00 X 0 0 0 BETH SHEEHAN MEMBER 1.00 X 0 0 0 MARY SPILDE MEMBER 1.00 X 0 0 0 KATHIE TIPPENS WIPER MEMBER 1.00 X 0 0 0 SANDY WATKINSON MEMBER 1.00 X 0 0 0 JOHN WOLF MEMBER 1.00 X 0 0 0 211317 59152 false true false 177553 2762120 271170 2939673 OTHER PROGRAM SERVICE INCOME 900099 2376 2376 2376 449821 449821 3748332 3575924 172408 172408 172408 96317 177553 161440 -65123 -65123 3499155 174784 384698 1059170 1059170 1342874 1342874 174693 33582 141111 307537 63558 61552 182427 44526 11024 8440 25062 127826 24217 25893 77716 31007 4931 6416 19660 22620 22620 15102 15102 47935 1818 46117 74048 74048 1210 1210 21274 21274 PAYMENTS TO GRANTORS 69016 69016 CAMPAIGN EXPENSE 46033 46033 DONOR RECOGNITION 9386 9386 ADMINISTRATIVE EXPENSES 1647 1557 90 1685 1685 3397589 2509149 387045 501395 95 95 1702772 3231056 3296428 2483093 22500 34262 77976 50852 58670 53506 21114675 21671840 1222856 26273116 28747560 15439 427623 76500 28000 620633 633122 712572 1088745 X 665765 722006 24894779 26936809 25560544 27658815 26273116 28747560 X 101566 1882054 -102309 216960 X false true X true false X 1188949 2583055 2640974 6013178 2939673 15365829 294993 302188 313939 399308 404597 1715025 1483942 2885243 2954913 6412486 3344270 17080854 1267709 15813145 274539 296923 343688 445147 449821 1810118 76397 16025 54741 108524 96317 352004 19242976 24830 0.82180 0.78690 X PART II, LINE 10 SPECIAL EVENT INCOME 352,004 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16423470 289277 2072203 951078 17833872 14945874 991322 1446714 960440 16423470 17141909 778705 -2055744 918995 14945875 13945630 729245 3388024 920990 17141909 13976184 267397 492864 790815 13945630 1.00000 false false ANNUITY TRUST LIABILITY 633122 633122 6061897 1882054 404597 216960 2503611 3558286 102309 -161440 -59131 3499155 3963626 404597 161440 566037 3397589 3397589 SCHEDULE D, PAGE 2, PART V, LINE 4 THE ENDOWMENT FUNDS ARE FOR SCHOLARSHIP AND OTHER COLLEGE PROGRAMS. SCHEDULE D, PAGE 4, PART XI, LINE 2D CHANGE IN SPLIT INTEREST AGREEMENTS -12,490 ADMINISTRATIVE FEE INCOME 229,450 SCHEDULE D, PAGE 4, PART XI, LINE 4B SPECIAL EVENT EXPENSES -161,440 SCHEDULE D, PAGE 4, PART XII, LINE 2D SPECIAL EVENT EXPENSES 161,440 THE CELEBRATION 247859 177553 70306 40401 23268 33550 773 37201 COMMUNITY EVENT 26011 26011 26247 273870 177553 96317 40401 23268 33550 773 63448 161440 -65123 true LANE COMMUNITY COLLEGE 4000 E 30TH AVE EUGENE OR 97405 930546223 884410 174760 FMV PROGRAM USE FACULTY/FACILITIES SCHOLARSHIPS 1026 1342874 SCHEDULE I, PAGE 1, PART I, LINE 2 THE FOUNDATION PROVIDES SCHOLARSHIPS AND OTHER ASSISTANCE TO LCC STUDENTS AND OTHER FUNDS TO LCC DEPARTMENTS. GENERALLY FUNDS ISSUED TO DEPARTMENTS ARE BILLED TO US WITH DOCUMENTATION OF EXPENSES VIA FOUNDATION CHECK REQUEST. FOR SCHOLARSHIPS THE FOUNDATION SENDS THE LCC FINANCIAL AID DEPARTMENT A LIST OF RECIPIENTS. THE FINANCIAL AID DEPARTMENT APPLIES THE SCHOLARSHIPS TO THE STUDENT'S ACCOUNT AND BILLS THE FOUNDATION FOR THOSE SCHOLARSHIPS THAT PAY OUT ON A QUARTERLY BASIS. STUDENTS MUST MEET THE CRITERIA FOR THEIR SCHOLARSHIP IN ORDER FOR THE SCHOLARSHIP TO PAY. THE CRITERIA FOR THE SCHOLARSHIPS ARE ENTERED BY FINANCIAL AID INTO THEIR SOFTWARE AT THE TIME OF APPLYING THE SCHOLARSHIP TO THE STUDENT'S ACCOUNT SO THAT THE PROCESS OF APPROVING THE SCHOLARSHIPS FOR PAYMENT IS AUTOMATED AND NOT SOMETHING THAT NEEDS TO BE MONITORED. THE FOUNDATION RECONCILES THE BILLING FROM LCC BACK TO THE ORIGINAL LIST OF RECIPIENTS WHICH IS MAINTAINED IN EXCEL AND IN THE ACADEMIC WORKS SCHOLARSHIP PROGRAM ONLINE SOFTWARE. SCHEDULE I, PAGE 4, PART IV SCHOLARSHIPS PROVIDE FINANCIAL ASSISTANCE FOR TUITION AND BOOKS FOR STUDENTS WHO ATTEND LCC AND IN SOME CASES FOR LCC GRADUATES WHO HAVE CONTINUED ON AT FOUR-YEAR INSTITUTIONS. THE GILMA GREENHOOT AND THE KAPPY EATON/HITES FOUNDATION SCHOLARSHIPS ARE EXAMPLES OF SCHOLARSHIPS THAT PAY BENEFITS TO LCC GRADUATES. THE FOUR-YEAR INSTITUTION WILL RECEIVE A CHECK FROM US WITH A LETTER THAT DETAILS THE REQUIREMENTS OF THE SCHOLARSHIP AND REQUEST THAT ANY UNUSED FUNDS BE RETURNED TO US IN THE EVENT THE STUDENT DOES NOT MEET THE MINIMUM REQUIREMENTS OR FAILS TO ATTEND THE ENTIRE ACADEMIC YEAR. PAYMENTS TO THE COLLEGE INCLUDE FACULTY SUPPORT WHICH IS USED TO COVER THE COST OF FACULTY SALARIES FOR PROGRAMS SUPPORTED BY DONORS, AN EXAMPLE OF WHICH IS THE NURSING PROGRAM SUPPORTED BY PEACEHEALTH. PAYMENTS TO THE COLLEGE ALSO INCLUDE REIMBURSEMENT FOR THE COST OF CONSTRUCTION AND EQUIPMENT PURCHASES FOR VARIOUS CAMPUS RENOVATION AND NEW CONSTRUCTION PROJECTS. PAYMENTS FOR PROGRAM SUPPORT PROVIDE ASSISTANCE FOR SPECIAL PROGRAMS, ACADEMIC DEPARTMENT EXPENSES, ART INSTALLATIONS AND PERFORMING ARTS PROJECTS, VISITING SPEAKERS, AS WELL AS STUDENT OUTREACH, ORIENTATION AND OTHER STUDENT SERVICES. false false false false false false false false false WENDY JETT EXECUTIVE DIRECTOR 121842 7351 31139 160332 X 4 58607 AVG H/L PRICE ON RECEIPT X AUCTION ITEMS 29 36303 FMV X EQUIPMENT 31 174460 FMV X PRINT DISCOUNTS 1 1500 FMV X OTHER 1 300 FMV 2 false true false SCHEDULE M, PAGE 2, PART II THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS THAT IT RECEIVED THROUGHOUT THE FISCAL YEAR. GIFT POLICY REQUIRES BOARD REVIEW, ASSESSMENT AND APPROVAL OF ANY NON-STANDARD CONTRIBUTIONS IN ACCORDANCE WITH WRITTEN POLICY. FORM 990 - ORGANIZATION'S MISSION THE ORGANIZATION IS A CHARITABLE CORPORATION FORMED TO ENCOURAGE AND INVOLVE THE COMMUNITY IN FURTHER DEVELOPING EDUCATIONAL OPPORTUNITIES BY PROVIDING SCHOLARSHIPS AND AUGMENTING THE FACILITIES AND FUNCTIONS OF LANE COMMUNITY COLLEGE. FORM 990, PAGE 1, PART I, LINE 6 THE SERVICES PROVIDED BY VOLUNTEERS INCLUDE SPECIAL EVENT ACTIVITIES, BOARD OF TRUSTEE SERVICE, SCHOLARSHIP SELECTION, FINANCE AND INVESTMENT OVERSIGHT, STUDENT SPEAKERS AND DONOR STEWARDSHIP. FORM 990, PAGE 2, PART III, LINE 4D EDUCATIONAL MATERIALS AND SUPPLIES, PROFESSIONAL DEVELOPMENT, PROMOTIONAL EXPENSES, SENIOR SERVICES, FUND RAISING EXPENSES, CAPITAL EQUIPMENT, MAINTENANCE SERVICES, CONFERENCES & EVENTS AND OTHER PROGRAM SUPPORT. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM WAS REVIEWED BY THE FOUNDATION TREASURER AND THE EXECUTIVE COMMITTEE PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE FOUNDATION'S BYLAWS CONTAIN A CONFLICT OF INTEREST POLICY. EACH TRUSTEE RECEIVES A COPY OF THE BYLAWS IN THEIR INITIAL ORIENTATION TO THE BOARD. BOARD MEMBERS WILL BE ASKED TO DISCLOSE ANY ACTUAL OR PERCEIVED CONFLICTS OF INTEREST AND SIGN OFF ON AN APPROVED FORM ANNUALLY AFTER A SHORT PRESENTATION ABOUT WHAT CONFLICTS CAN ARISE. FORM 990, PAGE 6, PART VI, LINE 15A UNDER THE AUTHORITY OF THE LANE COMMUNITY COLLEGE BOARD OF EDUCATION, THE PRESIDENT REVIEWS AND APPROVES MANAGEMENT COMPENSATION FOR THE EXECUTIVE DIRECTOR OF THE FOUNDATION, BOTH AT THE TIME OF INITIAL SALARY PLACEMENT AND EACH YEAR THEREAFTER. SALARIES ARE BASED UPON COMPARABILITY MANAGEMENT SALARY STUDIES. FORM 990, PAGE 6, PART VI, LINE 15B ALL EMPLOYEES ARE REVIEWED BY LANE COMMUNITY COLLEGE. CLASSIFIED EMPLOYEES ARE REPRESENTED BY LCCEF UNION THAT NEGOTIATES SALARY SCHEDULES. FORM 990, PAGE 6, PART VI, LINE 17 OHIO, OREGON, SOUTH CAROLINA, UTAH, WASHINGTON, WISCONSIN FORM 990, PAGE 6, PART VI, LINE 19 THE FOUNDATION SENDS ALL DONORS FOR THE YEAR AN ANNUAL REPORT WHICH INCLUDES FINANCIAL STATEMENTS. ANY INDIVIDUAL WHO WANTS A COPY OF THE ANNUAL REPORT OR AUDITED FINANCIAL STATEMENT WHETHER A CURRENT YEAR DONOR OR NOT, MAY REQUEST A COPY ON THE FOUNDATION'S WEBSITE OR BY PHONE. OTHER GOVERNING DOCUMENTS SUCH AS OUR ENDOWMENT POLICY, GIFT ACCEPTANCE POLICY, INVESTMENT POLICY OR BYLAWS WILL BE MADE AVAILABLE UPON REQUEST. A NOTICE TO THIS EFFECT IS AVAILABLE ON THE FOUNDATION'S WEBSITE. FORM 990, PART XI, LINE 9 CHANGE IN SPLIT INTEREST AGREEMENTS -12,490 ADMINISTRATIVE FEE INCOME 229,450 SPECIAL EVENT EXPENSES 161,440 SPECIAL EVENT EXPENSES -161,440 TOTAL 216,960 LANE COMMUNITY COLLEGE 4000 E 30TH AVE EUGENE OR 974050640 930546223 EDUCATION OR 6 N/A false false true true false false false false false false false false false false false true true false true false LANE COMMUNITY COLLEGE B 2230658 ACTUAL COST LANE COMMUNITY COLLEGE O 404597 ACTUAL COST LANE COMMUNITY COLLEGE P 685589 ACTUAL COST LANE COMMUNITY COLLEGE R 174760 ACTUAL COST