2021-05-12T21:23:39-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 301 NORTH LAKE AVENUE SUITE 900 PASADENA CA 91101 990 2019-07-01 953297459 LONG BEACH CITY COLLEGE FOUNDATION LONG 5629384134 4900 EAST CONANT STREET LONG BEACH CA 90808 PAUL KAMINSKI EXECUTIVE DIRECTOR 5629384134 2021-05-10 1 KAREN LO P02141262 6267933600 2021-05-10 2019 2022-09-23 18:48:47Z PAUL KAMINSKI 4900 EAST CONANT STREET LONG BEACH CA 90808 11487410 0 X WWW.LBCC.EDU/FOUNDATION X 1978 CA SUPPORT & ENHANCE THE LEARNING ENVIRONMENT OF THE LONG BEACH COMMUNITY COLLEGE DISTRICT. 67 65 17 95 0 0 2743264 2005240 591390 572205 369429 257876 320944 270339 4025027 3105660 2902804 1337706 0 0 635664 657059 0 0 240516 838355 797399 4376823 2792164 -351796 313496 17909782 17637306 781173 741835 17128609 16895471 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 927791 927791 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 $25 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. 503826 572205 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. 645514 409915 276445 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. 2077131 1 1 0 0 0 0 0 0 1 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 27 0 17 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 67 65 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X LYNN DEXTER 5629384134 4900 EAST CONANT STREET LONG BEACH CA 90808 NANCY YOHO - THRU 82019 INTERIM EXECUTIVE DIRECTOR 40.00 X X 81023 0 3241 PAUL KAMINSKI - FROM 92019 EXECUTIVE DIRECTOR 40.00 X X 46154 0 2129 G LORAIN BRAULT PRESIDENT 2.00 X X 0 0 0 DR SERAFIN ZASUETA 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 KRISTIN BIALE-GONDA TREASURER 2.00 X X 0 0 0 AARON MOORE SECRETARY 2.00 X X 0 0 0 GUY HESTON PAST PRESIDENT 2.00 X X 0 0 0 BARBARA ELLIS MEMBER AT LARGE 2.00 X X 0 0 0 JACK HINSCHE MEMBER AT LARGE 2.00 X X 0 0 0 MARK TAYLOR MEMBER AT LARGE 2.00 X X 0 0 0 RICK DUREE MEMBER AT LARGE 2.00 X X 0 0 0 SUMER TEMPLE MEMBER AT LARGE 2.00 X X 0 0 0 ANNE EMIGH MEMBER 1.00 X 0 0 0 ARDEL GUILLAMAS AVELINO MEMBER 1.00 X 0 0 0 BARRY MCDANIEL MEMBER 1.00 X 0 0 0 BOB BLAIR MEMBER 1.00 X 0 0 0 BRIAN RUSSELL MEMBER 1.00 X 0 0 0 BRUCE MACRAE MEMBER 1.00 X 0 0 0 DANIEL P GOOCH MEMBER 1.00 X 0 0 0 DIANE DEWALSCHE MEMBER 1.00 X 0 0 0 DINA BERG 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 MARK A GARLINGTON 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 DR STUART L FARBER MEMBER 1.00 X 0 0 0 EDWARD ARNOLD MEMBER 1.00 X 0 0 0 GAIL SCHWANDNER MEMBER 1.00 X 0 0 0 GARRY HERRON MEMBER 1.00 X 0 0 0 GERALD JERRY MILLER MEMBER 1.00 X 0 0 0 GLORIA ST MARTIN-LOWRY MEMBER 1.00 X 0 0 0 HEATHER MORRIS MORO MEMBER 1.00 X 0 0 0 HOWARD DAVIS MEMBER - THRU 3/2020 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 JAN B HOWER MEMBER 1.00 X 0 0 0 JEFFREY A NAPPER MEMBER 1.00 X 0 0 0 JEFFREY A WILLIAMS MEMBER 1.00 X 0 0 0 JENNIFER N SAWDAY MEMBER 1.00 X 0 0 0 JERRY GREEN MEMBER 1.00 X 0 0 0 JESSICA TIERNEY MEMBER - THRU 9/2019 1.00 X 0 0 0 JIM OSTACH MEMBER 1.00 X 0 0 0 JOHN HEFFERNAN MEMBER 1.00 X 0 0 0 JUAN R ARREOLA MEMBER 1.00 X 0 0 0 JUDY ROSS MEMBER 1.00 X 0 0 0 KAREN CODMAN MEMBER 1.00 X 0 0 0 LOYD V WILCOX MEMBER 1.00 X 0 0 0 LYNN E MOYER MEMBER 1.00 X 0 0 0 MACK CALVIN MEMBER 1.00 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 ROBERT ARVIZU MEMBER 1.00 X 0 0 0 ROBYN GORDON PETERSON MEMBER 1.00 X 0 0 0 RUTH W WILLIAMS MEMBER 1.00 X 0 0 0 STEPHEN J DODGE 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 W GARY WESTLING MEMBER 1.00 X 0 0 0 127177 0 5370 0 0 0 0 0 25354 1979886 2005240 EDUCATIONAL PROGRAMS 900099 572205 572205 572205 420483 420483 8205842 8368449 -162607 -162607 -162607 7195 25354 13301 -6106 -6106 OTHER REVENUE 900099 276445 276445 276445 3105660 848650 0 251770 409915 409915 927791 927791 231316 21109 100048 110159 328395 101657 177940 48798 7082 929 4033 2120 48166 34516 12240 1410 42100 9633 20921 11546 49857 49857 60689 60689 66786 66786 11900 11900 148536 80690 15321 52525 1250 198 246 806 1806 422 496 888 6170 2098 2036 2036 4595 4595 HARBOR REGIONAL AND OTH 426416 426416 OTHER 19394 9166 10228 2792164 2077131 474517 240516 128316 134098 352144 446048 25000 504907 49668 51128 76524 12166 70528 64358 13464729 12748777 1506182 1462288 2313215 2225702 17909782 17637306 502485 345914 278688 289069 106852 781173 741835 X 3024352 2736770 14104257 14158701 17128609 16895471 17909782 17637306 X 313496 -512346 -34288 X X 0 1 X 1 0 X 3028752 3026454 2954533 2743264 2005240 13758243 3028752 3026454 2954533 2743264 2005240 13758243 3933957 9824286 387162 371552 418733 391405 420483 1989335 71301 241655 318878 320944 276445 1229223 16976801 0.57870 0.51120 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - CONFERENCE REVENUE AND SUPPORT - 2015 AMOUNT: $ 71,301. 2016 AMOUNT: $ 41,655. 2017 AMOUNT: $ 43,288. 2018 AMOUNT: $ 45,354. 2019 AMOUNT: $ 495. LONG BEACH COMMUNITY COLLEGE DISTRICT REIMBURSEMENT - 2016 AMOUNT: $ 200,000. 2017 AMOUNT: $ 275,590. 2018 AMOUNT: $ 275,590. 2019 AMOUNT: $ 275,950. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 9994769 233473 -208450 117000 49005 9853787 9790147 143777 206387 98206 47336 9994769 7686673 1817404 443734 115568 42096 9790147 7027047 124061 791858 219320 36973 7686673 7020196 962239 -112673 811871 30844 7027047 0.00000 0.97530 0.02470 1 0 50644 9955 40689 11053 2211 8842 14827 14827 64358 US TREASURY/AGENCY NOTES 77932 F CORPORATE BONDS 1384356 F 1462288 AGENCY SCHOLARSHIP FUNDS 289069 BENEFICIAL INT IN SPLIT INT AGREEMENTS 175692 BENEFICIAL INTEREST IN CALIFORNIA COMMUNITY COLLEGES SCHOLARSHIP FUND 849153 BENEFICIAL INTEREST IN PERPETUAL TRUST 911788 2225702 X 2082325 -512346 -457504 -969850 3052175 66786 -13301 53485 3105660 2315463 13301 13301 2302162 66786 423216 490002 2792164 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 -423,216. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -53,001. CHANGE IN VALUE OF PERPETUAL TRUST 11,336. CHANGE IN VALUE OF CALIFORNIA COMMUNITY COLLEGES SCHOLARHSIP FUND 7,377. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -13,301. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 13,301. PART XII, LINE 4B - OTHER ADJUSTMENTS: AMOUNTS REMITTED ON BEHALF OF SPECIFIED GROUPS 423,216. HALL OF FAME 19560 15065 4495 8888 1885 1129 GOLF TOURNAMENT 6444 6444 537 2 6545 3845 2700 300 562 32549 25354 7195 300 9450 1885 1666 13301 -6106 1 LBCC ASSOCIATE GROUPS 4901 E CARSON ST LONG BEACH CA 90808 952654140 170(B)(1)(A)(II) 409915 PROGRAM SUPPORT 1 1 SCHOLARSHIPS 1011 927791 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. FORM 990, PART III, LINE 3 THE GOLDMAN SACHS FOUNDATION COLLEGE GRANT WAS NOT REGRANTED AND WAS HANDLED BY THE LONG BEACH CITY COLLEGE. 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 JESSICA TIERNEY IS THE GRANDDAUGHTER OF JERRY GREEN. 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 -53,001. CHANGE IN VALUE OF PERPETUAL TRUST 11,336. CHANGE IN VALUE OF CALIFORNIA COMMUNITY COLLEGES SCHOLARSHIP FUND 7,377. 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 1 1 0 0 LONG BEACH COMMUNITY COLLEGE DISTRICT Q 275950 CASH LBCC ASSOCIATE GROUPS B 409915 CASH LONG BEACH COMMUNITY COLLEGE DISTRICT P 49857 CASH