2021-05-07T12:50:25-07:00 2020-06-30 953606498 CWDL CPAs 5151 Murphy Canyon Rd Ste 135 San Diego CA 92123 990 2019-07-01 452692818 FOUNDATION FOR GROSSMONT AND CUYAMACA COLLEGES FOUN 6196447745 8800 GROSSMONT COLLEGE DR EJ CAJON CA 92020 Sahar Abushaban CFO 2021-05-07 true JOHN DOMINGUEZ CPA P01955973 8585652700 2019 2022-09-23 18:48:47Z Sahar Abushaban 1806817 false X WWW.FOUNDATION.GCCCD.EDU X 2011 CA RAISE AWARENESS & FINANCIAL RESOURCES FOR THE STUDENTS & PROGRAMS OF GROSSMONT AND CUYAMACA COLLEGE. 10 7 0 25 0 1320509 1388614 87263 64878 809753 309144 81561 44181 2299086 1806817 1021908 595939 0 58274 1894 0 0 673904 684650 1754086 1282483 545000 524334 4306773 4882921 82563 134377 4224210 4748544 THE FOUNDATION FOR GROSSMONT AND CUYAMACA COLLEGES RAISES AWARENESS AND FINANCIAL RESOURCES FOR THE STUDENTS AND PROGRAMS OF GROSSMONT COLLEGE AND CUYAMACA COLLEGE. false false 1050910 DISTRIBUTED GRANTS, SCHOLARSHIPS AND OTHER PROGRAM FUNDS FOR THE PURPOSE OF PROMOTING THE STUDENTS AND PROGRAMS OF GROSSMONT COLLEGE AND CUYAMACA COLLEGE. 1050910 true true false false false false false false false false false false false true false true true false false false false false false false true false false false true true false false false false false false false false false false false false false true false false false true 13 0 true 0 false false false false false false false 0 false false false false false false false X 10 7 false false false false false false false true true false false true true true true true true false false false CA X Laura Gordon 6196447745 8800 GROSSMONT COLLEGE DRIVE BL38E- EL CAJON CA 92020 Lynn Neault Secretary 1.00 40.00 X X 0 326161 63930 Julianna Barnes Board Member 1.00 40.00 X 0 243435 62311 Nabil Abu-Ghazaleh Board Member 1.00 40.00 X 0 249369 55584 Sue Rearic Past Board 1.00 40.00 X 0 229198 35357 Sally Cox CEO 1.00 40.00 X 0 183478 45870 Cindy Miles Past Board 1.00 40.00 X 0 118691 13495 Brad Daluiso Chairman 1.00 0.00 X X 0 0 0 Sossy Hyatt Treasurer 1.00 0.00 X X 0 0 0 Stan Flandi Board Member 1.00 0.00 X 0 0 0 Renae Arabo Board Member 1.00 0.00 X 0 0 0 Bonnie Lachappa Board Member 1.00 0.00 X 0 0 0 John Eppstein Board Member 1.00 0.00 X 0 0 0 Roger Frey Board Member 1.00 0.00 X 0 0 0 1350332 276547 0 false true true 0 78736 466402 843476 1388614 PROGRAM INCOME 611710 64878 64878 64878 309144 309144 0 0 0 0 44181 78736 44181 0 0 0 1806817 374022 X 0 595939 595939 0 0 0 0 0 0 1894 1894 0 0 0 0 0 0 0 144718 142494 2224 8308 8308 40346 39207 1139 0 0 0 2940 1351 1589 0 9584 4402 5182 0 0 0 0 CONTRACTED SERVICES - AUX 318732 112162 206570 SUPPLIES AND EQUIPMENT 153579 139239 14340 Software Expense 4757 4757 Printing and Publications 1686 1157 529 0 1282483 1050910 231573 0 1187859 1514992 0 0 0 0 0 0 0 0 0 1820418 1466154 0 0 0 1298496 1901775 4306773 4882921 82563 134377 82563 134377 X 2135771 2087557 2088439 2660987 4224210 4748544 4306773 4882921 524334 X false true X false false X 899787 698781 923413 535289 843476 3900746 0 0 899787 698781 923413 535289 843476 3900746 0 3900746 4783 78197 41707 17148 7431 149266 0 292054 657404 855344 954044 1231422 3990268 8040280 0.48520 0.55610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED BENEFICAL INTEREST IN CCS ENDOWMENT 1901775 1901775 X 1806817 1806817 1806817 1282483 1282483 1282483 Part X : FIN48 Footnote PART V, LINE 4:IN MAY 2008, THE CALIFORNIA COMMUNITY COLLEGES SCHOLARSHIP ENDOWMENT WAS LAUNCHED VIA A GIFT OF $25 MILLION FROM THE BERNARD OSHER FOUNDATION TO THE FOUNDATION FOR CALIFORNIA COMMUNITY COLLEGES (THE "FCCC"). THE FCCC AND CALIFORNIA'S COMMUNITY COLLEGES WERE CHALLENGED TO RAISE $50 MILLION THROUGH JUNE 2011, FOR WHICH THE OSHER FOUNDATION AGREED TO PROVIDE A 50% MATCH OF UP TO $25 MILLION. THE PURPOSE OF THE ENDOWMENT IS TO PROVIDE SCHOLARSHIPS FOR STUDENTS IN THE COMMUNITY COLLEGE SYSTEM.BASED ON THE TERMS OF THE AGREEMENTS BETWEEN THE OSHER FOUNDATION AND FCCC, AS WELL AS THE FCCC AND THE COLLEGES, THE COLLEGES HAVE AN IRREVOCABLE BENEFICIAL INTEREST IN THE LOCALLY CONTRIBUTED FUNDS AND THE ATTRIBUTED EARNINGS. THROUGH JUNE 30, 2013, GROSSMONT COLLEGE FOUNDATION AND CUYAMACA COLLEGE FOUNDATION RAISED $633,426 AND $294,108, RESPECTIVELY, WHICH MEANS THE INITIAL BALANCE FOR THIS SUCCESSOR FOUNDATION WAS $927,534. AS OF JUNE 30, 2019, THE BALANCE OF FUNDS HELD IN CCSS ENDOWMENTS WAS $1,298,496BEGINNING IN LATE 2013, THE FOUNDATION TRANSFERRED FUNDS TO ENDOWMENT FUNDS FOR THREE (3) DONOR-DESIGNATED NAMED ENDOWMENTS WITH THE JEWISH COMMUNITY FOUNDATION OF SAN DIEGO. IN 2016-17 TWO (2) ADDITIONAL ENDOWMENTS WERE ESTABLISH. AS OF JUNE 30, 2019, THE BALANCE OF INVESTMENTS SPECIFIC TO THE ENDOWMENTS HELD WITH THE JEWISH COMMUNITY FOUNDATION WAS $1,368,032.IN EARLY 2018, THE FOUNDATION ESTABLISHED AN ENDOWMENT FUND FOR ONE (1) DONOR-DESIGNATED NAMED ENDOWMENT WITH THE SAN DIEGO FOUNDATION. AS OF JUNE 30, 2018, THE BALANCE OF INVESTMENTS SPECIFIC TO THE ENDOWMENT HELD WITH THE SAN DIEGO FOUNDATION AS $452,416.PART X, LINE 2:IT IS MANAGEMENT'S BELIEF THAT THE FOUNDATION DOES NOT HOLD ANY UNCERTAIN TAX POSITIONS THAT WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS. false OTHER 78736 78736 Special Events 44181 44181 122917 78736 44181 44181 false 0 0 SCHOLARSHIPS 348 595939 Additional Supplemental Information PART I, LINE 2:ALL SCHOLARSHIPS ARE MONITORED ACCORDING TO THE SCHOLARSHIP DEPARTMENT POLICIES. false false false false false false false false false Cindy Miles Past Board 118691 13495 132186 Julianna Barnes Board Member 243435 62311 305746 Lynn Neault Secretary 326161 63930 390091 Nabil Abu-Ghazaleh Board Member 249369 55584 304953 Sally Cox CEO 183478 45870 229348 Sue Rearic Past Board 229198 35357 264555 Part III, Additional Information PART I, LINE 3:EMPLOYEES LISTED IN PART II WERE COMPENSATED BY THE GROSSMONT-CUYAMACA COMMUNITY COLLEGE DISTRICT, WITH THE EXCEPTION OF SALLY COX WHO WAS COMPENSATED BY GCCCD AUXILIARY ORGANIZATION, FOR SERVICES RENDERED TO THE DISTRICT AND NOT FOR ANY TIME TOWARD THE FOUNDATION. The District and the Auxiliary use compensation surveys or studies and approval by the boards as methods to establish compensation for such employees. Form 990, Part VI, Line 11b: Form 990 Review Process COMPLETED TAX RETURN IS PRESENTED TO FINANCE COMMITTEE FOR REVIEW AND SUBSEQUENT RECOMMENDATION TO BOARD FOR ACCEPTANCE. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts EXECUTIVE COMMITTEE ANNUALLY REVIEWS ALL MEMBERS. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available COPIES OF AUDITED FINANCIAL STATEMENTS AND OTHER DOCUMENTS ARE PRESENTED UPON REQUEST. GROSSMONT-CUYAMACA COMMUNITY COLLEGE 8800 GROSSMONT COLLEGE BLVD EL CAJON CA 92020 956006652 COMMUNITY COLLEGE EDUCATION CA N/A false GCCCD AUXILIARY ORGANIZATION 8800 GROSSMONT COLLEGE DRIVE EL CAJON CA 92020 330905402 PROMOTE/ASSIST GCCCD PROGRAMS CA 501(C)3 LINE 7 N/A false false false false false false false false false false false false false false false false false false false false