2021-02-23T15:26:39-06:00 2020-06-30 383567911 REHMANN ROBSON LLC 675 ROBINSON RD JACKSON MI 49203 990 2019-07-01 382468643 JACKSON COMMUNITY COLLEGE FOUNDATION JACK 5177870244 3000 BLAKE ROAD JACKSON MI 49201 JASON H VALENTE PRESIDENT 5177870244 2021-02-22 1 JEFFREY E HERT CPA P00066715 5177876503 2021-02-09 2019 2022-09-23 18:48:47Z JACKSON COLLEGE FOUNDATION JASON H VALENTE 3000 BLAKE ROAD JACKSON MI 49201 4164731 0 X WWW.JCCMI.EDU/FOUNDATION X 1983 MI THE FOUNDATION IS ORGANIZED FOR THE BENEFIT OF THE EDUCATIONAL, LITERARY AND SCIENTIFIC ACTIVITIES OF JACKSON COLLEGE. 15 12 0 20 0 0 808086 666006 0 0 551731 413530 284438 264025 1644255 1343561 362621 456901 0 0 0 0 0 0 57242 603585 273716 966206 730617 678049 612944 16762468 17399285 353681 241831 16408787 17157454 X TO SUPPORT THE COMPREHENSIVE MISSION OF JACKSON COLLEGE BY PROVIDING THE ADDITIONAL RESOURCES NECESSARY TO ENSURE SUCCESS. THE FOUNDATION WILL ENHANCE THE COLLEGE'S IMAGE WITHIN THE COMMUNITY, BROADEN ITS BASE OF SUPPORT, COMMUNICATE TO THE PUBLIC ITS RESPONSIVENESS TO LOCAL NEEDS AND PROVIDE THE COLLEGE WITH A MEASURE OF EXCELLENCE FOR ITS EDUCATIONAL PROGRAMS AND SERVICES. JACKSON COLLEGE IS AN INSTITUTION OF HIGHER EDUCATION WHOSE MISSION IS TO ASSIST LEARNERS IN IDENTIFYING AND REACHING THEIR EDUCATIONAL GOALS. 0 0 397992 397992 THE FOUNDATION ALLOCATES FUNDS TO JACKSON COLLEGE FOR THE PURPOSE OF AWARDING SCHOLARSHIPS AND FURTHERING ITS EDUCATIONAL PURPOSE 58909 58909 DISTRIBUTION OF ENDOWMENT TO DAHLEM CONSERVANCY 456901 1 1 0 0 0 1 0 0 0 1 0 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8 0 1 0 0 0 0 0 0 1 1 0 1 1 0 0 0 X 15 12 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X DARRELL NORRIS 5177968439 2111 EMMONS ROAD JACKSON MI 49201 VALERIE SCHUETTE CHAIRWOMAN 1.00 X X 0 0 0 KAREN HAWLEY VICE CHAIRWOMAN 1.00 X X 0 0 0 MARTHA PETRY SECRETARY 1.00 X X 0 0 0 JASON VALENTE PRESIDENT 40.00 1.00 X X 0 112823 41606 DARRELL NORRIS ASSISTANT TREASURER 1.00 40.00 X X 0 0 0 JASON COVALLE DIRECTOR 1.00 X 0 0 0 RACHEL BREGE DIRECTOR 1.00 X 0 0 0 GEORGE PAGE DIRECTOR 1.00 X 0 0 0 HON SUSAN JORDAN DIRECTOR 1.00 X 0 0 0 JOHN CRIST DIRECTOR 1.00 X 0 0 0 DONNA LAKE DIRECTOR 1.00 X 0 0 0 SHEILA PATTERSON DIRECTOR 1.00 X 0 0 0 JOY GEBHARDT DIRECTOR 1.00 X 0 0 0 RICK MARTOIA TREASURER 1.00 X X 0 0 0 DANIEL PHELAN DIRECTOR 1.00 40.00 X 0 0 0 LAWRENCE BULLEN DIRECTOR EMERITUS 1.00 X 0 0 0 FRANK DICK DIRECTOR EMERITUS 1.00 X 0 0 0 RICHARD DODGE DIRECTOR EMERITUS 1.00 X 0 0 0 GEORGE POTTER DIRECTOR EMERITUS 1.00 X 0 0 0 ZOE WILCOX DIRECTOR EMERITUS 1.00 X 0 0 0 0 112823 41606 1 0 1 0 0 48263 617743 666006 336397 336397 218806 0 218806 218806 218806 2830758 2753625 77133 77133 77133 74245 48263 58644 15601 15601 19936 8901 11035 11035 MISCELLANEOUS 900099 18583 18583 18583 1343561 248424 0 429131 456901 456901 1275 956 319 9916 9916 77721 58291 19430 21603 16202 5401 4160 3120 1040 2033 1525 508 CONTRACTED SERVICES 60998 45749 15249 BUILDING IMPROVEMENTS 35373 35373 MISCELLANEOUS 23078 17309 5769 STAFF PROFESSIONAL DEVE 16182 12137 4045 21377 15896 5481 730617 456901 216474 57242 910527 829585 56613 271166 600 600 9626665 10096453 5135863 5179597 1032200 1021884 16762468 17399285 242781 133922 110900 107909 353681 241831 X 2763632 3333711 13645155 13823743 16408787 17157454 16762468 17399285 X 612944 59248 76475 X X 0 1 X 1 0 X X 1 JACKSON COLLEGE 381795703 2 1 397992 0 1 397992 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 18000 19000 156822 1 1 11326956 23618 86881 195081 210966 11031408 10745118 404341 561590 179257 204836 11326956 10570647 114778 582132 320978 201461 10745118 9988494 225240 862040 276781 228346 10570647 10650915 105912 -27750 453323 287260 9988484 0.92000 0.08000 0 0 0 FEDERAL 344554 F REAL ESTATE HELD FOR INVESTMENT 4535000 F SHORT-TERM FUNDS 300043 F 5179597 BENEFICIAL INTEREST IN REMAINDER TRUSTS 912884 CASH SURRENDER VALUE OF LIFE INSURANCE 109000 1021884 ANNUITIES PAYABLE 107909 107909 X 1869112 59248 486479 67545 613272 1255840 77721 10000 87721 1343561 1206920 486479 67545 554024 652896 77721 77721 730617 PART X, LINE 2: THE INTERNAL REVENUE SERVICE RULED THAT THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). THE FOUNDATION IS REQUIRED TO OPERATE IN CONFORMITY WITH THE CODE AND RELATED REGULATIONS TO MAINTAIN ITS EXEMPTION. ONLY UNRELATED BUSINESS INCOME, IF ANY, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE FOUNDATION CONSIDERS WHETHER IT HAS ENGAGED IN ACTIVITIES THAT JEOPARDIZE ITS CURRENT TAX EXEMPT STATUS WITH THE INTERNAL REVENUE SERVICE. FURTHERMORE, THE FOUNDATION DETERMINES WHETHER IT HAS ANY UNRELATED BUSINESS INCOME, WHICH MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE FOUNDATION TREATS INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, AND REFLECTS ANY CHARGE FOR SUCH, TO THE EXTENT THEY ARISE, AS A COMPONENT OF ITS OTHER MANAGEMENT AND GENERAL EXPENSES. THE FOUNDATION HAS EVALUATED TAX YEARS 2017 THROUGH 2020, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2020, FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G. TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE FOUNDATION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTB'S AT JUNE 30, 2020 OR 2019, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 67,545. PART XI, LINE 4B - OTHER ADJUSTMENTS: TRANSFER FROM JACKSON COLLEGE 10,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 67,545. FEAST FOR KNOWLEDGE 43396 31573 11823 6896 6053 SPORTSMAN BANQUET 79112 9080 70032 27847 789 7174 9885 1 7610 -7610 122508 48263 74245 27847 789 14070 15938 58644 15601 19936 8901 1 1.00000 19936 8901 8901 11035 MI 1 0 0 0 KIM ABBOTT 2111 EMMONS ROAD JACKSON MI 49201 0 0 0 JACKSON COLLEGE 2111 EMMONS ROAD JACKSON MI 49201 381795703 170(C)(01) 397992 TO FURTHER ITS EDUCATIONAL MISSION DAHLEM CONSERVANCY 7117 S JACKSON RD JACKSON MI 49201 412155768 501(C)(3) 58909 DISTRIBUTION OF ENDOWMENT FUND EARNINGS 0 0 0 0 0 0 0 0 0 JASON VALENTE PRESIDENT 0 112823 0 0 0 0 0 17516 0 24090 0 154429 0 0 FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS: THE JACKSON COLLEGE BOARD OF TRUSTEES MUST RATIFY ANY NEW BOARD MEMBERS APPOINTED BY THE JACKSON COLLEGE FOUNDATION BOARD OF DIRECTORS. ALSO, JACKSON COLLEGE BOARD OF TRUSTEES MUST RATIFY ANY BY-LAW CHANGES OR AMENDMENTS RECOMMENDED BY THE JACKSON COLLEGE FOUNDATION BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY MANAGEMENT, AND A FINAL COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT AND ANY POTENTIAL CONFLICTS ARE REVIEWED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 FOUNDATION PRESIDENT AND ASSOCIATE VP ARE EMPLOYEES OF JACKSON COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFERS/CHANGES IN VALUES OF INTEREST IN REMAINDER TRUSTS/ANNUITIES -23,525. CHANGE IN CARRYING VALUE OF INVESTMENT IN REAL ESTATE 100,000. FORM 990, PART XII, LINE 2C THE PROCESS HAS REMAINED UNCHANGED FROM THE PREVIOUS YEAR. JACKSON COLLEGE 2111 EMMONS ROAD JACKSON MI 49201 381795703 HIGHER EDUCATION MI 501(C)(3) 0 JACKSON COLLEGE DORMITORIES 2111 EMMONS ROAD JACKSON MI 49201 472322963 STUDENT HOUSING MI 501(C)(3) 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 JACKSON COLLEGE B 397992 FMV JACKSON COLLEGE J 200000 FMV JACKSON COLLEGE O 486479 FMV