2021-09-29T12:17:28-05:00 2021-06-30 251622758 MAHER DUESSEL CPA'S 1800 LINGLESTOWN ROAD SUITE 306 HARRISBURG PA 17110 990 2020-07-01 237454575 LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION LEHI 6107991711 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 ELLEN MILLARD-KERN CHAIRPERSON 6107991711 2021-09-29 1 ELLEN MILLARD-KERN 999009999 LISA A RITTER P00168809 7172321230 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ELLEN MILLARD-KERN 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 6787290 0 X WWW.LCCC.EDU/FOUNDATION X 1975 PA THE LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION GENERATES THE PHILANTHROPIC RESOURCES TO SUPPORT THE LEHIGH CARBON COMMUNITY COLLEGE'S MISSION, PROGRAMS, AND CAPITAL PROJECTS THAT HELP TURN STUDENT ASPIRATIONS INTO REALITY THROUGH EDUCATION. 20 19 0 20 0 0 1011508 3862096 0 0 572243 610626 503883 547604 2087634 5020326 961697 2426733 0 0 0 0 0 0 50 89016 88703 1050713 2515436 1036921 2504890 20960553 27253283 879828 1208701 20080725 26044582 X THE LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION GENERATES THE PHILANTHROPIC RESOURCES TO SUPPORT THE LEHIGH CARBON COMMUNITY COLLEGE'S MISSION, PROGRAMS, AND CAPITAL PROJECTS THAT HELP TURN STUDENT ASPIRATIONS INTO REALITY THROUGH EDUCATION. 0 0 2426733 2426733 508494 ALL FUNDING GENERATED IS DIRECTED TOWARD SCHOLARSHIPS FOR LEHIGH CARBON COMMUNITY COLLEGE (COLLEGE) STUDENTS OR TOWARD THE PURPOSES FOR WHICH DONORS HAVE MADE THEIR DONATIONS, SUCH AS CAPITAL IMPROVEMENTS (NEW ATHLETIC FIELDS). THE LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION (FOUNDATION) PROVIDES FINANCIAL SUPPORT TO THE STUDENTS AND THE GRADUATES OF THE COLLEGE, AS WELL AS TO THE COLLEGE ITSELF. IN ADDITION TO ANNUAL OPERATING SUPPORT OF $2,194,771 GIVEN TO THE COLLEGE BY THE FOUNDATION, AN ANNUAL GIFT OF $100,200 IS GIVEN TO THE COLLEGE WITH THE ONLY RESTRICTION THAT THE FUNDS BE USED FOR STUDENT SCHOLARSHIPS, WHICH DURING THE FISCAL YEAR ENDING JUNE 30, 2021, HELPED WITH THE TUITION OF 627 STUDENTS. IN ADDITION, STUDENTS WERE PROVIDED WITH REVENUE FROM 53 SCHOLARSHIP AND AWARD FUNDS, INCLUDING AN ENDOWED FUND THAT COVERS TUITION AND FEES FOR THE LAST TWO YEARS OF QUALIFIED COLLEGE GRADUATES' BACHELOR'S DEGREES AT SELECT PENNSYLVANIA INSTITUTIONS. THE FOUNDATION AGAIN FUNDED MORE THAN 70 STUDENTS WITH SCHOLARSHIPS FOR ENGLISH AS A SECOND LANGUAGE AND GED STUDY AND TESTING AT THE COLLEGE. 2426733 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X ANNA THOMAS 6107991711 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 ELLEN MILLARD-KERN CHAIRPERSON 0.10 X X 0 0 0 BERNARD LESAVOY ESQ VICE CHAIR 0.10 X X 0 0 0 RICHARD KERN TREASURER 0.10 X X 0 0 0 ROBIN FLORES SECRETARY 0.10 X X 0 0 0 ANNABELLE CREVELING TRUSTEE REPRESENTATIVE 0.10 X X 0 0 0 MURTAZA JAFFER BOARD MEMBER 0.10 X 0 0 0 CHRISTOPHER JORDAN BOARD MEMBER 0.10 X 0 0 0 DAVID LOBACH BOARD MEMBER 0.10 X 0 0 0 KENT NEWHART BOARD MEMBER 0.10 X 0 0 0 KIM CAPERS BOARD MEMBER 0.10 X 0 0 0 JILL HEWES BOARD MEMBER 0.10 X 0 0 0 DAVID JONES BOARD MEMBER 0.10 X 0 0 0 TIMOTHY MULLIGAN BOARD MEMBER 0.10 X 0 0 0 VELIA ROTHROCK BOARD MEMBER 0.10 X 0 0 0 MICHAEL HAWKINS BOARD MEMBER SINCE JANUARY 2021 0.10 X 0 0 0 CARLA HICKEY BOARD MEMBER SINCE JANUARY 2021 0.10 X 0 0 0 DENISE MAIATICO BOARD MEMBER SINCE JANUARY 2021 0.10 X 0 0 0 HEIDI STAHL BOARD MEMBER SINCE JANUARY 2021 0.10 X 0 0 0 RICHARD FORGAY II BOARD MEMBER SINCE JANUARY 2021 0.10 X 0 0 0 CINDY HANEY BOARD MEMBER 0.10 39.90 X X 0 139550 33770 SILVIA MALDONADO-VARGAS EXECUTIVE DIRECTOR 40.00 X 0 68309 27524 0 207859 61294 0 0 1 0 0 2510 3859586 49273 3862096 590897 590897 600098 91604 508494 508494 508494 1689050 1669321 19729 19729 19729 45149 2510 6039 39110 39110 5020326 508494 0 649736 1678426 1678426 748307 748307 57380 57380 15 15 9076 9076 ALL OTHER EXPENSES 22182 22182 EVENT EXPENSES 50 50 2515436 2426733 88653 50 1006441 528517 49883 25000 6679617 1658274 5112947 5021343 14358934 21106403 432348 572020 20960553 27253283 106464 248437 738928 921264 34436 39000 879828 1208701 X 11312545 12429333 8768180 13615249 20080725 26044582 20960553 27253283 2504890 3458967 0 X X 0 1 X 1 0 X 849150 1313712 733333 1011508 3862096 7769799 849150 1313712 733333 1011508 3862096 7769799 3285093 4484706 654600 753157 1183117 1122205 1190995 4904074 12673873 0.35390 0.38430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 7937649 2296512 2174662 260056 12148767 8098797 78605 38406 278159 7937649 7566472 126505 451122 45302 8098797 5688507 1611110 332033 65178 7566472 4954911 417000 367789 51193 5688507 0.08380 0.86960 0.04660 0 0 572725 572725 6106892 1658274 4448618 5021343 DEFERRED RENT 39000 39000 8519556 3458967 3458967 5060589 57380 -97643 -40263 5020326 2555699 97643 97643 2458056 57380 57380 2515436 PART IV, LINE 2B: THE FOUNDATION SERVES AS CUSTODIAN FOR THE COLLEGE'S RADIO STATION PROCEEDS FUND. THE FUND IS MANAGED ALONG WITH ALL OTHER FOUNDATION ENDOWMENT ACCOUNTS AND IS INVESTED IN ACCORDANCE WITH THE FOUNDATION'S INVESTMENT POLICY. THE COLLEGE HAS THE RIGHT TO WITHDRAWAL FUNDS AT ANY TIME AND RECEIVES AN ANNUAL DISBURSEMENT FROM THE FOUNDATION OF UP TO SEVENTY-FIVE (75%) PERCENT OF THE INVESTMENT EARNINGS ON, OR FIVE (5%) PERCENT OF, THE BALANCE OF THE FUND PRINCIPAL, WHICHEVER IS GREATER, OR SOME OTHER AMOUNT AS DETERMINED BY THE COLLEGE WITH THE APPROVAL OF THE BOARD OF TRUSTEES. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -6,039. RENTAL EXPENSES -91,604. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 91,604. DIRECT FUNDRAISING EXPENSES 6,039. PART V, LINE 4 ALL ENDOWMENT FUNDS ARE RESTRICTED BY THE DONOR OR BY THE BOARD SPECIFICALLY FOR THE USE OF THE COLLEGE TO FURTHER ITS MISSION THROUGH SCHOLARSHIPS AND RELATED FUNDING. GOLF TOURNAMENT 9450 9450 1000 CLAY SHOOT 14650 14650 2888 911 1157 1 5492 2460 3032 0 29592 2460 27132 3888 911 1157 5956 21176 1 LEHIGH CARBON COMMUNITY COLLEGE 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 231670163 LEHIGH CARBON CC 1678426 CASH GRANTS ARE TO ASSIST IN SUPPORTING THE COLLEGE'S EDUCATIONAL FUNCTIONS. SCHOLARSHIPS 956 748307 PART I, LINE 2: ALL GRANTS ARE SCHOLARSHIPS TO PARTICULAR STUDENTS/ALUMNI AS PART OF A SPECIFIC SCHOLARSHIP PROGRAM. GRANTEES HAVE THEIR FUNDING SENT DIRECTLY TO THE RECIPIENT INSTITUTION - NO GRANTEE RECEIVES DIRECT FUNDING. ALL GRANTS TO THE COLLEGE ARE REFLECTIVE OF COLLEGE PRIORITIES INCLUDING SCHOLARSHIPS AND OTHER FINANCIAL AID, PURSUANT TO THE FOUNDATION'S AND COLLEGE'S MISSIONS, AND ARE CONTRIBUTED FROM ESTABLISHED FOUNDATION ACCOUNTS WITH SPECIFICALLY DESIGNATED PURPOSES. THE FOUNDATION STRIVES TO HAVE A FUND DOCUMENT FOR EACH ESTABLISHED ACCOUNT DESCRIBING ITS ORIGIN, PURPOSE, AND MECHANISM. BY THE TERMS OF THE OPERATING AGREEMENT BETWEEN THE COLLEGE AND THE FOUNDATION, THE COLLEGE MAY FROM TIME TO TIME MAKE ADDITIONAL REQUESTS FOR FUNDING, WHICH ARE RUN THROUGH AN ESTABLISHED PROCESS OF REVIEW AND CONSIDERATION BY THE FOUNDATION. 0 0 0 0 0 0 0 0 0 CINDY HANEY BOARD MEMBER 0 139550 0 0 0 0 0 12395 0 21375 0 173320 0 0 PART I, LINE 3 THE RELATED ORGANIZATION LEHIGH CARBON COMMUNITY COLLEGE (COLLEGE) ESTABLISHES THE COMPENSATION OF THE FOUNDATION'S EXECUTIVE DIRECTOR THROUGH THE COLLEGE'S HUMAN RESOURCES OFFICE. X 1 28840 NYSE X VARIOUS 56 20433 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE VICE PRESIDENT OF FINANCE, THE COLLEGE CONTROLLER, AND THE FOUNDATION STAFF ACCOUNTANT PERFORM AN INITIAL REVIEW OF THE FORM 990. ONCE THEY ARE SATISFIED, THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS IN ADVANCE OF FILING. THE DIRECTORS ARE GIVEN SEVERAL WEEKS TO REVIEW AND COMMENT. ALL COMMENTS ARE NOTED BEFORE THE FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A DIRECTOR IS SELECTED AS COMPLIANCE OFFICER FOR THE FISCAL YEAR AND IS DESIGNATED AS THE INITIAL ARBITER FOR CONFLICTS. THE BOARD REVIEWS THE ARBITER'S REVIEW OF THE SITUATION, IF ANY, AND DETERMINES WHETHER A COURSE OF ACTION IS NECESSARY. THE EXECUTIVE DIRECTOR OR AN OTHER BOARD-DESIGNEE CARRIES OUT THE ACTIONS OF THE BOARD. ALL DIRECTORS AND THE EXECUTIVE DIRECTOR ARE COVERED UNDER THE POLICY, WHICH IS RENEWED ANNUALLY. THERE ARE NO RESTRICTIONS ON PERSONS WITH A CONFLICT UNLESS THE BOARD DEEMS IT IN THE BEST INTEREST OF THE FOUNDATION AND THE COLLEGE. IN ADDITION TO ANNUAL RESEARCH BY THE EXECUTIVE DIRECTOR, EACH DIRECTOR COMPLETES A CONFLICT OF INTEREST FILING THAT INCLUDES, AMONG OTHER ITEMS, THE REPORTING OF FAMILIAL RELATIONSHIPS. ALTHOUGH THE FORM DOES NOT SPECIFICALLY MENTION BUSINESS RELATIONSHIPS, THESE ARE DISCUSSED AT THE ANNUAL MEETING WHEN THE NEW FISCAL YEAR FORMS ARE DISSEMINATED. THE FOUNDATION BOARD MEMBERS ARE EXPECTED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. THEY SHOULD IDENTIFY IN WRITING ANY SUCH CONFLICTS TO THE CHAIRMAN OF THE BOARD PRIOR TO ENGAGING IN THE ACTIVITY THAT POSES THE POTENTIAL CONFLICT. IF A CONFLICT OF INTEREST IS FOUND TO EXIST, THE BOARD MEMBER INVOLVED SHOULD RECUSE HIMSELF/HERSELF FROM PARTICIPATION IN DECISIONS ON BEHALF OF THE FOUNDATION THAT AFFECT HIS/HER PERSONAL INTERESTS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION IN THE OFFICE OF THE FOUNDATION, 4525 EDUCATION PARK DRIVE, SCHNECKSVILLE, PA 18078 BETWEEN 8AM AND 5PM DAILY, MONDAY THROUGH FRIDAY. ALL DOCUMENTS ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LEHIGH CARBON COMMUNITY COLLEGE 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 231670163 COMMUNITY COLLEGE PA N/A 0 0 1 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0 0 LEHIGH CARBON COMMUNITY COLLEGE B 1678426 CONTRIBUTION MADE LEHIGH CARBON COMMUNITY COLLEGE J 600098 MARKET VALUE