2022-05-10T22:01:33-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 301 NORTH LAKE AVENUE SUITE 900 PASADENA CA 91101 990 2020-07-01 953297459 LONG BEACH CITY COLLEGE FOUNDATION LONG 5629384134 4900 EAST CONANT STREET LONG BEACH CA 90808 PAUL KAMINSKI EXECUTIVE DIRECTOR 5629384134 2022-05-10 1 PAUL KAMINSKI 999009999 KAREN LO P02141262 6267933600 2022-05-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z PAUL KAMINSKI 4900 EAST CONANT STREET LONG BEACH CA 90808 11917913 0 X WWW.LBCC.EDU/FOUNDATION X 1978 CA SUPPORT & ENHANCE THE LEARNING ENVIRONMENT OF THE LONG BEACH COMMUNITY COLLEGE DISTRICT. 44 43 11 53 0 0 2005240 3540925 572205 71923 257876 151499 270339 273996 3105660 4038343 1337706 1339013 0 0 657059 648111 0 0 256286 797399 378774 2792164 2365898 313496 1672445 17637306 22943329 741835 521840 16895471 22421489 X THE FOUNDATION'S SPECIFIC AND PRIMARY PURPOSES ARE TO PROMOTE THE GENERAL WELFARE OF LONG BEACH CITY COLLEGE BY ASSISTING AND SUPPORTING THE ATTAINMENT OF EDUCATIONAL, ATHLETIC, AND CULTURAL GOALS; BY ASSISTING IT IN FULFILLING ITS ROLE OF SERVICE TO ITS COMMUNITY, BY SOLICITING, RAISING, AND DISTRIBUTING FUNDS FOR ITS PROGRAMS, BUILDINGS, EQUIPMENT, AND ANY OTHER OUTLAY INCLUDING BUT NOT LIMITED TO NEEDS FOR SCHOLARSHIPS, LOANS, AND GRANTS TO QUALIFIED STUDENTS. 0 1 926743 926743 EDUCATION IS THE MOST IMPORTANT FACTOR THAT DETERMINES WHAT OPPORTUNITIES A PERSON WILL HAVE IN LIFE. LONG BEACH CITY COLLEGE (LBCC) PROVIDES THE EDUCATION AND TRAINING. THE FOUNDATION PROVIDES THE FINANCIAL SUPPORT THAT ALLOWS PEOPLE TO TAKE ADVANTAGE OF THAT EDUCATION AND TRAINING. THE FOUNDATION PROVIDES A VEHICLE FOR FINANCIAL SUPPORT FROM THE COMMUNITY. IT IS ESTIMATED THAT ONE IN THREE LONG BEACH AREA RESIDENTS HAVE ATTENDED LBCC. MANY OF THESE STUDENTS REQUIRED FINANCIAL ASSISTANCE. THE FOUNDATION HAS RAISED OVER $50 MILLION TO PROVIDE SCHOLARSHIPS, DEPARTMENTAL GRANTS, CAMPUS BEAUTIFICATION, AND FACILITIES UPGRADES. LITERALLY THOUSANDS OF STUDENTS HAVE RECEIVED FUNDS TO PAY ENROLLMENT FEES AND BUY BOOKS AND THE NEED TO PROVIDE FINANCIAL ASSISTANCE CONTINUES TODAY.THE FOUNDATION HAS THE LARGEST SCHOLARSHIP PROGRAM OF ANY SOUTHERN CALIFORNIA COMMUNITY COLLEGE. IT GIVES TO MORE STUDENTS THAN ANY OTHER TWO YEAR INSTITUTION AND OFFERS SCHOLARSHIPS TO FACULTY AND STAFF SO THEY MAY INCREASE THEIR KNOWLEDGE IN THEIR CHOSEN PROFESSION OR EMBARK ON A NEW CAREER. DURING THE YEAR, THE FOUNDATION PROVIDED 570 SCHOLARSHIPS AND AWARDS TO QUALIFIED STUDENTS. 92763 71923 SUPPORT THE COLLEGE TO CAREER (C2C) PROGRAM AT LONG BEACH CITY COLLEGE. C2C IS AN INNOVATIVE POST-SECONDARY PROGRAM FOR ADULTS WITH DEVELOPMENTAL DISABILITIES SERVED BY HARBOR REGIONAL CENTER. THE C2C PROGRAM OFFERS AN EXCITING OPPORTUNITY TO EXPERIENCE COMMUNITY COLLEGE, STUDENT HOUSING, AND COLLEGE LIFE. THE C2C PROGRAM WAS TRANSFERRED FROM THE LONG BEACH CITY COLLEGE FOUNDATION TO THE LONG BEACH CITY COLLEGE ON AUGUST 19, 2020. 625221 412270 273996 PROMOTE GENERAL WELFARE OF LONG BEACH CITY COLLEGE BY ASSISTING AND SUPPORTING THE ATTAINMENT OF ATHLETIC, EDUCATIONAL AND CULTURAL GOALS THROUGH GRANTS AND OTHER ASSISTANCE TO ASSOCIATE GROUPS, DEPARTMENTS, FACULTY, AND STAFF. 1644727 1 1 0 0 0 0 0 0 1 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 30 0 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 44 43 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X LYNN DEXTER 5629384134 4900 EAST CONANT STREET LONG BEACH CA 90808 PAUL KAMINSKI EXECUTIVE DIRECTOR, HONORARY 40.00 X X 152250 0 18530 DR SERAFIN ZASUETA PRESIDENT 2.00 X X 0 0 0 AARON MOORE TREASURER, PRESIDENT ELECT 2.00 X X 0 0 0 DR JOHN FYLPAA VICE PRESIDENT 2.00 X X 0 0 0 JAYNE LASTUSKY VICE PRESIDENT 2.00 X X 0 0 0 MARCELLE EPLEY VICE PRESIDENT 2.00 X X 0 0 0 BARBARA ELLIS VICE PRESIDENT 2.00 X X 0 0 0 ROBYN GORDON PETERSON VICE PRESIDENT 2.00 X X 0 0 0 SUMER TEMPLE SECRETARY 2.00 X X 0 0 0 G LORAIN BRAULT PAST PRESIDENT 2.00 X X 0 0 0 JACK HINSCHE MEMBER AT LARGE 2.00 X X 0 0 0 RICK DUREE MEMBER AT LARGE 2.00 X X 0 0 0 JERRY GREEN MEMBER AT LARGE 2.00 X X 0 0 0 ARDEL GUILLAMAS AVELINO MEMBER 1.00 X 0 0 0 ARIEL PE MEMBER 1.00 X 0 0 0 BRUCE MACRAE MEMBER 1.00 X 0 0 0 DIANE DEWALSCHE MEMBER 1.00 X 0 0 0 DON COCHRAN MEMBER 1.00 X 0 0 0 DONITA VAN HORIK MEMBER 1.00 X 0 0 0 DONNA HANCOCK MEMBER 1.00 X 0 0 0 DR CLOY J MIKE WALTER MEMBER 1.00 X 0 0 0 DR FREDA HINSCHE OTTO MEMBER 1.00 X 0 0 0 DR JANNIE MACKAY MEMBER 1.00 X 0 0 0 DR MARTHA MOLINA BERNADETT MEMBER 1.00 X 0 0 0 DR NOEL HACEGABA MEMBER 1.00 X 0 0 0 DR SABIRA TEJANI MEMBER 1.00 X 0 0 0 GERALD JERRY MILLER MEMBER 1.00 X 0 0 0 HEATHER MORRIS MORO MEMBER 1.00 X 0 0 0 IVY ARLINDA GOOLSBY MEMBER 1.00 X 0 0 0 JAMES CHOURA MEMBER 1.00 X 0 0 0 JAMES J SULLOS JR MEMBER 1.00 X 0 0 0 JEFFREY A NAPPER MEMBER 1.00 X 0 0 0 JOHN HEFFERNAN MEMBER 1.00 X 0 0 0 JUDY ROSS MEMBER 1.00 X 0 0 0 LOYD V WILCOX MEMBER 1.00 X 0 0 0 MACK CALVIN MEMBER 1.00 X 0 0 0 MARIO VARGAS MEMBER 1.00 X 0 0 0 MARK TAYLOR MEMBER 2.00 X 0 0 0 MARY CRANE MEMBER 1.00 X 0 0 0 MICHELE DOBSON MEMBER 1.00 X 0 0 0 RANDY GORDON MEMBER 1.00 X 0 0 0 SUSAN REDFIELD MEMBER 1.00 X 0 0 0 SUZANNE NOSWORTHY MEMBER 1.00 X 0 0 0 VALARIE FROST MEMBER 1.00 X 0 0 0 152250 0 18530 1 0 1 0 0 141255 3399670 14325 3540925 EDUCATIONAL PROGRAMS 900099 71923 71923 71923 417146 417146 7613923 7879570 -265647 -265647 -265647 OTHER REVENUE 900099 273996 273996 273996 4038343 345919 0 151499 412270 412270 926743 926743 174524 43631 130893 407071 146658 229806 30607 10611 3191 7234 186 12525 7505 3689 1331 43380 10736 21072 11572 55153 55153 69861 69861 5524 5524 82901 38021 16050 28830 1438 144 431 863 960 960 6169 1172 3208 1789 6568 6568 HARBOR REGIONAL AND OTH 92763 92763 OTHER 57437 0 7222 50215 2365898 1644727 464885 256286 134098 33940 446048 276887 504907 654001 51128 354955 2238 61697 18336 64358 43361 12748777 18342661 1462288 848774 2225702 2386512 17637306 22943329 345914 165323 289069 235860 106852 120657 741835 521840 X 2736770 3566106 14158701 18855383 16895471 22421489 17637306 22943329 X 1672445 3579345 274228 X X 0 1 X 1 0 X 3026454 2954533 2743264 2005240 3540925 14270416 3026454 2954533 2743264 2005240 3540925 14270416 3965467 10304949 371552 418733 391405 420483 417146 2019319 241655 318878 320944 276445 275950 1433872 17723607 0.58140 0.57870 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - CONFERENCE REVENUE AND SUPPORT - 2016 AMOUNT: $ 41,655. 2017 AMOUNT: $ 43,288. 2018 AMOUNT: $ 45,354. 2019 AMOUNT: $ 495. 2020 AMOUNT: $ 0. LONG BEACH COMMUNITY COLLEGE DISTRICT REIMBURSEMENT - 2016 AMOUNT: $ 200,000. 2017 AMOUNT: $ 275,590. 2018 AMOUNT: $ 275,590. 2019 AMOUNT: $ 275,950. 2020 AMOUNT: $ 275,950. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 9853787 1817441 2893264 108477 53583 14402432 9994769 233473 -208450 117000 49005 9853787 9790147 143777 206387 98206 47336 9994769 7686673 1817404 443734 115568 42096 9790147 7027047 124061 791858 219320 36973 7686673 0.00000 0.78770 0.21230 1 0 50644 15020 35624 11053 3316 7737 43361 AGENCY SCHOLARSHIP FUNDS 235860 BENEFICIAL INT IN SPLIT INT AGREEMENTS 166036 BENEFICIAL INTEREST IN CALIFORNIA COMMUNITY COLLEGES SCHOLARSHIP FUND 1029336 BENEFICIAL INTEREST IN PERPETUAL TRUST 955280 2386512 X 7409785 3579345 -138042 3441303 3968482 69861 69861 4038343 1883767 0 1883767 69861 412270 482131 2365898 PART IV, LINE 2B: THE FOUNDATION RECEIVED FUNDS, REFERRED TO AS AGENCY SCHOLARSHIP FUNDS, FROM VARIOUS THIRD PARTIES WHO HAVE PREVIOUSLY SELECTED A SPECIFIED BENEFICIARY TO RECEIVE THE FUNDS. THE FOUNDATION DISBURSES THE AGENCY SCHOLARSHIP FUNDS TO SPECIFIED BENEFICIARIES ON BEHALF OF VARIOUS THIRD PARTIES AFTER VERIFICATION BY THE SCHOLARSHIP OFFICE. PART V, LINE 4: THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS, APPROVED BY THE EXECUTIVE COMMITTEE, THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR THE SCHOLARSHIPS SUPPORTED BY ITS ENDOWMENT ASSETS WHILE ALSO MAINTAINING THE PURCHASING POWER OF THOSE ENDOWMENT ASSETS OVER THE LONG-TERM. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA TAX CODE. CONTRIBUTIONS TO THE FOUNDATION ARE DEDUCTIBLE FOR TAX PURPOSES UNDER SECTION 170(C)(2) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS NOT INVOLVED IN ANY ACTIVITIES THAT ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX. AS A RESULT, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE FOUNDATION EVALUATES UNCERTAIN TAX POSITIONS WHEREBY THE EFFECT OF THE UNCERTAINTY WOULD BE RECORDED IF THE TAX POSITIONS WILL MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION. AS OF JUNE 30, 2020, MANAGEMENT DOES NOT BELIEVE THE FOUNDATION HAS ANY UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL OR DISCLOSURE. THE FOUNDATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. PART XI, LINE 2D - OTHER ADJUSTMENTS: AMOUNTS REMITTED ON BEHALF OF SPECIFIED GROUPS -412,270. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 6,013. CHANGE IN VALUE OF PERPETUAL TRUST 43,632. CHANGE IN VALUE OF CALIFORNIA COMMUNITY COLLEGES SCHOLARHSIP FUND 224,583. PART XII, LINE 4B - OTHER ADJUSTMENTS: AMOUNTS REMITTED ON BEHALF OF SPECIFIED GROUPS 412,270. 1 LBCC ASSOCIATE GROUPS 4901 E CARSON ST LONG BEACH CA 90808 952654140 170(B)(1)(A)(II) 412270 PROGRAM SUPPORT 1 1 SCHOLARSHIPS 969 926743 PART I, LINE 2 - PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN U.S. WHEN THE GRANT AWARDEE REQUESTS PAYMENT REGARDING THE EVENT OR PROJECT, THE REQUEST FORM AND ALL PROPER SIGNATURES, AUTHORIZATIONS, AND RECEIPTS PROVIDED ARE REVIEWED BY THE FOUNDATION FOR APPROVAL. IT IS UNDERSTOOD THAT NO ALTERATION OR VARIATION OF THE TERMS OF THE AGREEMENT WILL BE ACCEPTED. IN ORDER FOR STUDENTS TO RECEIVE THEIR SCHOLARSHIP, THEY MUST PROVIDE THE SCHOLARSHIP OFFICE THEIR SCHEDULE OF CLASSES FOR VERIFICATION OF ENROLLMENT IN THE CORRECT NUMBER OF UNITS, HAVE APPROPRIATE GPA, AND ARE TAKING THE SPECIFIC COURSES AS REQUIRED BY THE SCHOLARSHIP. X X X 0 0 0 0 0 0 0 0 0 PAUL KAMINSKI EXECUTIVE DIRECTOR, HONORARY 152250 0 0 0 0 0 5167 0 13363 0 170780 0 0 0 FORM 990, PART III, LINE 3 THE C2C PROGRAM WAS TRANSFERRED FROM THE LONG BEACH CITY COLLEGE FOUNDATION TO THE LONG BEACH CITY COLLEGE ON AUGUST 19, 2020. FORM 990, PART VI, SECTION A, LINE 1 THE GOVERNING BODY DELEGATED BROAD AUTHORITY TO AN EXECUTIVE COMMITTEE CONSISTING OF 13 MEMBERS OF THE GOVERNING BODY INCLUDING THE PRESIDENT, PRESIDENT ELECT, THREE VICE PRESIDENTS, TREASURER, SECRETARY, PAST PRESIDENT, AND FIVE MEMBERS AT LARGE. EXCEPT AS OTHERWISE PROVIDED IN THE ARTICLES OF INCORPORATION OR BYLAWS, THE POWERS OF THIS FOUNDATION SHALL BE EXERCISED, ITS PROPERTIES CONTROLLED, AND ITS AFFAIRS CONDUCTED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF GOVERNORS, WHICH MAY, HOWEVER, DELEGATE THE PERFORMANCE OF ANY DUTIES OR THE EXERCISE OF ANY POWERS TO SUCH OFFICERS AND AGENTS AS THE COMMITTEE MEMBERS MAY FROM TIME TO TIME, BY RESOLUTION, DESIGNATE. FORM 990, PART VI, SECTION A, LINE 2 JACK HINSCHE IS THE BROTHER OF DR. FREDA HINSCHE OTTO. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE OF THE BOARD OF GOVERNORS DELEGATED TO THE FINANCE COMMITTEE REVIEW AND ENDORSEMENT OF THE FORM 990. THE LONG BEACH CITY COLLEGE FOUNDATION 990 SHALL BE DISTRIBUTED TO THE FINANCE COMMITTEE FOR ENDORSEMENT. IF IN THE INTEREST OF TIME, A MORE EXPEDIENT TIMELINE IS NEEDED, THE LONG BEACH CITY COLLEGE FOUNDATION EXECUTIVE COMMITTEE WILL APPROVE AND SIGN THE RETURN. AN ELECTRONIC COPY SHALL BE PROVIDED TO ALL BOARD MEMBERS BUT PRINTED COPIES ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, GOVERNORS SIGN A CONFLICT OF INTEREST DISCLOSURE FORM. THE EXECUTIVE DIRECTOR AND THE PRESIDENT OF THE BOARD OF GOVERNORS REVIEW EACH DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE IS RESPONSIBLE FOR ESTABLISHING TERMS OF EMPLOYMENT AND ON A PERIODIC BASIS, REVIEWING THE EXECUTIVE DIRECTOR'S COMPENSATION. THE COMPENSATION IS RECOMMENDED BY THE PERSONNEL COMMITTTEE AND FINANCE COMMITTEE AND APPROVED BY THE EXECUTIVE COMMITTEE. FOUNDATION EMPLOYEES' SALARIES AND BENEFITS ARE REVIEWED BY THE FOUNDATION'S PERSONNEL COMMITTEE. FORM 990, PART VI, SECTION C, LINE 18 THE FOUNDATION USES GUIDESTAR TO MAKE ITS DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION IN ADDITION TO PROVIDING THEM UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 6,013. CHANGE IN VALUE OF PERPETUAL TRUST 43,632. CHANGE IN VALUE OF CALIFORNIA COMMUNITY COLLEGES SCHOLARSHIP FUND 224,583. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. LONG BEACH COMMUNITY COLLEGE DISTRICT 4901 E CARSON ST LONG BEACH CA 90808 952654140 SECONDARY EDUCATION CA N/A 0 LBCC ASSOCIATE GROUPS 4901 E CARSON ST LONG BEACH CA 90808 952654140 ATHLETIC AND CULTURAL CA 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 LONG BEACH COMMUNITY COLLEGE DISTRICT Q 275950 CASH LBCC ASSOCIATE GROUPS B 412270 CASH