2023-06-01T09:18:00-05:00 2022-06-30 450250958 EIDE BAILLY LLP 10681 FOOTHILL BLVD STE 300 RANCHO CUCAMONGA CA 917303831 990 2021-07-01 953829219 COLLEGE OF THE DESERT FOUNDATION COLL 7607732561 43500 MONTEREY AVE PALM DESERT CA 92260 CATHERINE WILKINSON ABBOTT EXECUTIVE DIRECTOR 7607732561 2023-05-25 1 CATHERINE WILKINSON ABBOTT 999009999 CATHERINE L GRAY CPA P01294460 9094664410 2023-05-25 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CATHERINE WILKINSON ABBOT 43500 MONTEREY AVE PALM DESERT CA 92260 35392072 0 X WWW.COLLEGEOFTHEDESERT.EDU/VISTORS/FOUNDATION X 1983 CA TO SECURE PHILANTHROPIC SUPPORT AND STEWARD ASSETS FOR THE COLLEGE OF THE DESERT 25 25 0 33 0 0 19775942 2885801 0 0 2315174 1670748 0 0 22091116 4556549 1589415 1678948 0 0 974523 1182088 0 0 314297 580753 598025 3144691 3459061 18946425 1097488 55154245 50230907 160315 397338 54993930 49833569 THE MISSION OF THE COLLEGE OF THE DESERT FOUNDATION IS TO ENHANCE THE QUALITY OF EDUCATION BY ADVANCING THE COLLEGE OF THE DESERT THROUGH BUILDING RELATIONSHIPS, SECURING PHILANTHROPIC SUPPORT AND STEWARDING ASSETS 0 0 2625378 1678948 TO PROVIDE PROGRAMMATIC FUNDING TO COLLEGE OF THE DESERT AND EDUCATIONAL SCHOLARSHIPS FOR COLLEGE OF THE DESERT STUDENTS. 2625378 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 9 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X THE ORGANIZATION 7607732561 43500 MONTEREY AVE PALM DESERT CA 92260 WILLIAM S CHUNOWITZ PAST PRESIDENT 0.30 X X 0 0 0 MARGE DODGE SECRETARY 0.30 X X 0 0 0 DIANE RUBIN VICE PRESIDENT 0.30 X X 0 0 0 CHRISTINE ANDERSON PRESIDENT 0.30 X X 0 0 0 NORMA CASTANEDA DIRECTOR 0.30 X 0 0 0 PEGGY CRAVENS DIRECTOR 0.30 X 0 0 0 CAROL BELL DEAN DIRECTOR 0.30 X 0 0 0 JAMES B JOHNSON DIRECTOR 0.30 X 0 0 0 JAMES GREENE DIRECTOR 0.30 X 0 0 0 BARBARA FROMM DIRECTOR 0.30 X 0 0 0 ROBERT KINCAID DIRECTOR 0.30 X 0 0 0 DONNA MACMILLAN DIRECTOR 0.30 X 0 0 0 TOM MINDER TREASURER 0.30 X X 0 0 0 JANE SALTONSTALL DIRECTOR 0.30 X 0 0 0 JEFF BAKER DIRECTOR 0.30 X 0 0 0 JOANNE MINTZ DIRECTOR 0.30 X 0 0 0 KIM DOZIER DIRECTOR 0.30 X 0 0 0 PAUL HINKES DIRECTOR 0.30 X 0 0 0 MARLENE O'SULLIVAN DIRECTOR 0.30 X 0 0 0 JAMES WILLIAMS DIRECTOR 0.30 X 0 0 0 CAROL FRAGEN DIRECTOR 0.30 X 0 0 0 BARBARA FOSTER MONACHINO DIRECTOR 0.30 X 0 0 0 JOHN RAMONT DIRECTOR 0.30 X 0 0 0 PEGGY JACOBS DIRECTOR 0.30 X 0 0 0 DALE LANDON DIRECTOR 0.30 X 0 0 0 ROBERT MOON DIRECTOR 0.30 X 0 0 0 LESLIE USOW DIRECTOR 0.30 X 0 0 0 JAKE WUEST DIRECTOR 0.30 X 0 0 0 BONNIE STEFAN DIRECTOR 0.30 X 0 0 0 AURORA WILSON DIRECTOR 0.30 X 0 0 0 MARTHA GARCIA COLLEGE SUPERINTENDENT 0.30 X 0 0 0 AMARIS GUZMAN STUDENT BOARD MEMBER 0.30 X 0 0 0 HASAN RAKIPI STUDENT BOARD MEMBER 0.30 X 0 0 0 CATHERINE WILKINSON ABBOTT EXECUTIVE DIRECTOR 1.00 40.00 X 0 178062 61150 0 178062 61150 0 0 1 0 THE COMPETIVE ADVANTAGEHR ADVANTAGE 73161 FRED WARING DRIVE SUITE 100 PALM DESERT CA 92260 MARKETING SERVICES 106063 COVINGTON CAPITAL MANAGEMENT (CHARLES SC 601 SOUTH FIGUEROA STREET SUITE 200 LOS ANGELES CA 90017 INVESTMENT MANAGEMENT FEES 101396 MERRILL LYNCH - A BANK OF AMERICA COMPAN 74-800 HIGHWAY 111 INDIAN WELLS CA 92210 INVESTMENT MANAGEMENT FEES 100304 3 455396 2430405 130443 2885801 1022014 1022014 31396538 30747804 648734 648734 648734 87719 455396 87719 0 4556549 0 0 1670748 480483 480483 1198465 1198465 1182088 709252 236418 236418 241444 241444 78975 52782 6250 19943 144911 115929 28982 10135 4560 5575 21550 6465 10775 4310 555 555 DEVELOPMENT 30907 21635 9272 POSTAGE AND PRINTING 30279 24223 3028 3028 EQUIPMENT AND MAINTENAN 15138 3784 9083 2271 SPECIAL EVENT 9397 9397 14734 7800 6258 676 3459061 2625378 519386 314297 20379101 3443769 95867 90778 2296 2213 3500 23638 23638 0 0 33951783 46063336 725198 627311 55154245 50230907 160315 329838 67500 160315 397338 X 21667272 19353003 33326658 30480566 54993930 49833569 55154245 50230907 X 1097488 -6163233 -94616 X 0 1 X 1 0 X 2108414 2408242 1587371 19775942 2885801 28765770 2108414 2408242 1587371 19775942 2885801 28765770 28765770 682880 769679 804520 1596545 1022014 4875638 33641408 366850 0.85510 0.86770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 258341 263091 259074 780506 1170759 64585 65773 64769 195127 292691 27273860 19036028 -3794585 1021053 41494250 23948136 155502 3859696 689474 27273860 23746663 958314 756841 23948136 22951266 39739 1423370 653245 14467 23746663 22909882 10625 1182281 651522 23451266 0.41000 0.59000 0 0 23638 23638 0 0 EQUITY BONDS AND MUTUAL FUNDS 46063336 F 46063336 X -1803221 -6257849 51804 87719 -6118326 4315105 241444 241444 4556549 3357140 51804 87719 139523 3217617 241444 241444 3459061 PART X, LINE 2: THE FOUNDATION HAS ADOPTED FASB ASC TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS-DIRECT EXPENSE 87,719. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS-DIRECT EXPENSE 87,719. STEPPING OUT FOR COD 523115 437993 85122 18274 5696 21380 39772 ACADEMIC ANGELS 20000 17403 2597 2597 543115 455396 87719 18274 8293 21380 39772 87719 0 1 DESERT COMMUNITY COLLEGE DISTRICT 43500 MONTEREY AVE PALM DESERT CA 92260 330535430 115 480483 0 TO PROVIDE FUNDS TO SPECIFIC COLLEGE OF THE DESERT DEPARTMENTS EDUCATIONAL SCHOLARSHIPS 2568 1198465 PART I, LINE 2: THE OVERALL PROCESS FOR THE GRANTS AND SCHOLARSHIPS IS MONITORED BY THE BOARD OF DIRECTORS 0 0 0 0 0 0 0 0 0 CATHERINE WILKINSON ABBOTT EXECUTIVE DIRECTOR 0 178062 0 0 0 0 0 39217 0 21933 0 239212 0 0 X 5 130443 AVERAGE TRADING VALUE 0 1 1 PART I, COLUMN (B): THE NUMBER REPRESENTS THE NUMBER OF DONORS PART I, LINE 32B: THE ORGANIZATION USES A MERRILL LYNCH ACCOUNT AS A GIFT RECEIVING ACCOUNT. FORM 990, PART VI, SECTION A, LINE 2 THE FOUNDATION HIRED THE COMPETIVE ADVANTAGE(HR ADVANTAGE) A COMPANY OWNED BY BOARD MEMBER NORMA CASTANEDA TO DEVELOP MARKETING STRATEGIES AND MARKETING COLLATERAL. FORM 990, PART VI, SECTION A, LINE 4 RESTRUCTURED EXECUTIVE COMMITTEE ALLOWED FOR EMERITUS STATUS FOR FORMER BOARD MEMBERS AND ALLOWED FOR STUDENT REPRESENTATION IN EX-OFFICIO NON VOTING CAPACITY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 IS PROVIDED TO THE TREASURER,THE EXECUTIVE DIRECTOR AND THE BOARD TO REVIEW AND APPROVE. ONCE IT IS APPROVED, THE EXECUTIVE DIRECTOR SIGNS THE RETURN TO BE FILED WITH THE IRS FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION PROVIDES EACH NEW DIRECTOR AND EMPLOYEE WITH A COPY OF THE CONFLICT OF INTEREST POLICY AND IT IS REVISED ANNUALLY. DISCLOSURE IS ON THE HONOR SYSTEM. IF A CONFLICT ARISES THE BIARD MEMBER IS ASKED TO EXCUSE HIMSELF/HERSELF FROM ALL DISCUSSION AND VOTING IN THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE IS HIRED AND EVALUATED BY THE PRESIDENT OF THE COLLEGE OF THE DESERT. THE BOARD USES A COMPENSATION PROGRESSION SCHEDULE PROVIDED BY THE COLLEGE OF THE DESERT. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES REQUIRED INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST DURING NORMAL BUSINESS HOURS AT THE CURRENT BUSINESS ADDRESS FORM 990, PART XI, LINE 9: CHANGE VALUE DEFERRED GIFTS -36,320. CHANGE IN VALUE FOR FOUNDATION FOR CALIFORNIA COMMUNITY COLLEGE -58,296.