2021-11-09T16:13:23-06:00 2020-12-31 450250958 EIDE BAILLY LLP 10681 FOOTHILL BLVD STE 300 RANCHO CUCAMONGA CA 917303831 990 2020-01-01 770391075 MONTEREY PENINSULA COLLEGE FOUNDATION MONT 8316464040 980 FREMONT ST MONTEREY CA 939404799 REBECCA MICHAEL EXECUTIVE DIRECTOR 8316464040 2021-10-22 1 REBECCA MICHAEL 999009999 CATHERINE L GRAY P01294460 9094664410 2021-10-22 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z REBECCA MICHAEL 980 FREMONT ST MONTEREY CA 939404799 3247501 0 X WWW.MPCFOUNDATION.ORG X 1994 CA TO ADVANCE THE EDUCATIONAL EXPERIENCE OF STUDENTS AND FACULTY OF MONTEREY PENINSULA COLLEGE 22 20 5 50 0 0 1976388 1777025 0 73696 988386 67733 105574 0 3070348 1918454 1232318 738192 0 0 374856 398032 0 0 85786 197672 178913 1804846 1315137 1265502 603317 8987696 10805889 980609 1171427 8007087 9634462 TO PROVIDE SUPPLEMENTAL FINANCIAL ASSISTANCE FOR THE EDUCATIONAL PROGRAMS OF MONTEREY PENINSULA COLLEGE 0 0 185044 73696 INSTRUCTIONAL & TEACHING MATERIALS AND EDUCATIONAL PROGRAM SUPPORT FOR MONTEREY PENINSULA COLLEGE 738192 738192 SCHOLARSHIPS AND GRANTS TO STUDENTS OF MONTEREY PENINSULA COLLEGE, A PUBLIC EDUCATIONAL INSTITUTION. 923236 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 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 0 0 1 1 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 20 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X REBECCA MICHAEL 8316555507 980 FREMONT STREET MONTEREY CA 93940 DAVID MARTIN DIRECTOR 2.00 40.00 X 0 223851 21504 STEVE HAIGLER DIRECTOR 2.00 40.00 X 0 162162 21504 REBECCA MICHAEL EXECUTIVE DIRECTOR/NON VOT 40.00 X 0 161244 21504 RUTH LYN THOMPSON PRESIDENT 6.00 X X 0 0 0 LEWIS LEADER VICE PRESIDENT 3.00 X X 0 0 0 ROB LEE TREASURER 4.00 X X 0 0 0 SUSIE BOUTONNET SECRETARY 3.00 X X 0 0 0 ANGELICA ARROYO DIRECTOR 2.00 X 0 0 0 LINDA TURNER BYNOE DIRECTOR 2.00 X 0 0 0 JEREMY GREEN DIRECTOR 2.00 X 0 0 0 ROSALYN GREEN DIRECTOR 2.00 X 0 0 0 JASON GRIFFIN DIRECTOR 2.00 X 0 0 0 JEAN HURD DIRECTOR 2.00 X 0 0 0 ADAM JESELNICK DIRECTOR 2.00 X 0 0 0 STEPHAN LINS DIRECTOR 2.00 X 0 0 0 ANDREW LIU DIRECTOR 2.00 X 0 0 0 PATSY TINSLEY MCGILL DIRECTOR 2.00 X 0 0 0 PETER PURDUE DIRECTOR 2.00 X 0 0 0 KELLY SAUNDERS DIRECTOR 2.00 X 0 0 0 JOE SERVI DIRECTOR 2.00 X 0 0 0 JOYCE SIMON DIRECTOR 2.00 X 0 0 0 NATHAN STEEN DIRECTOR 2.00 X 0 0 0 LIN SULLIVAN DIRECTOR 2.00 X 0 0 0 0 547257 64512 0 0 1 0 0 3762 1773263 1777025 ADMINISTRATION INCOME 900099 73696 73696 73696 167689 167689 1223988 1323944 -99956 -99956 -99956 5103 3762 5103 0 1918454 73696 0 67733 243605 243605 494587 494587 398032 133528 210457 54047 20200 20200 83361 51516 31845 16668 16668 56900 41829 15071 1784 1784 1315137 923236 306115 85786 788793 743364 54669 23260 6255 6880 18752 13860 6676 4892 7710067 9580244 421236 447249 8987696 10805889 23614 29158 76777 956995 1065492 980609 1171427 X 482298 889640 7524789 8744822 8007087 9634462 8987696 10805889 X 603317 978414 45644 X 0 1 X 1 0 X 1213987 1677292 1975230 1976388 1777025 8619922 1213987 1677292 1975230 1976388 1777025 8619922 556591 8063331 138515 144323 168983 179286 25225 656332 73696 73696 9349950 277413 0.86240 0.91800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6379917 16240 749921 190307 6955771 5093864 556107 936169 206223 6379917 4427684 1047991 -395285 199624 156300 4724466 3911941 64227 168157 3808011 3575042 93572 362923 119596 3911941 0.89386 0.10614 1 0 18752 13860 4892 4892 INVESTMENTS 9580244 F 9580244 AMOUNTS HELD FOR MONTEREY PENINSULA COLLEGE 1065492 1065492 X 2950989 1024058 28599 5103 1057760 1893229 25225 25225 1918454 1323614 28599 5103 33702 1289912 25225 25225 1315137 PART V, LINE 4: STUDENT SCHOLARSHIPS AND FACULTY & STAFF ADVANCEMENT AWARDS PART X, LINE 2: THE FOUNDATION HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS-DIRECT EXPENSE 5,103. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 25,225. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS-DIRECT EXPENSE 5,103. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 25,225. 1 MONTEREY PENINSULA CCD 980 FREMONT ST MONTEREY CA 93940 942314506 115 243605 EDUCATIONAL PROGRAM SUPPORT STUDENT SCHOLARSHIPS, FACULTY DEVELOPMENT ACADEMIC PROGRAM SUPPORT 494587 FAIR MARKET VALUE PART I, LINE 2: CONTRIBUTIONS FOR STUDENTS, FACULTY AND PROGRAMS OF MONTEREY PENINSULA COLLEGE ARE FREQUENTLY MADE VIA DIRECT PAYMENT OF AN INVOICE WHICH HAS BEEN APPROPRIATELY APPROVED BY THE COLLEGE, THE COLLEGE DEPARTMENT AND THE FOUNDATION, FURTHER, THE MONITORING IS HANDLED BY SYSTEMS OF THE COLLEGE ITSELF AS WELL AS THE BOARD OF TRUSTEES. 0 0 0 0 0 0 0 0 0 DAVID MARTIN DIRECTOR 0 223851 0 0 0 0 0 0 0 21504 0 245355 0 0 STEVE HAIGLER DIRECTOR 0 162162 0 0 0 0 0 0 0 21504 0 183666 0 0 REBECCA MICHAEL EXECUTIVE DIRECTOR/NON VOT 0 161244 0 0 0 0 0 0 0 21504 0 182748 0 0 FORM SCHEDULE J THE ORGANIZATION RELIES ON A RELATED ORGANIZATION FOR THE COMPENSATION DETERMINATION. THE RELATED ORGANIZATION USES COMPENSATION SURVEYS, APPROVAL BY THE BOARD AND LIKE KINE ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON ITS BEHALF. FORM 990, PART VI, SECTION B, LINE 11B THE 990 RETURN IS BASED ON THE ANNUAL AUDITED FINANCIAL STATEMENTS WHICH ARE FIRST REVIEWED BY THE AUDIT COMMITTEE AND IS THEN PRESENTED TO THE EXECUTIVE COMMITTEE AND FINALLY THE FULL BOARD. THE AUDIT REPORT IS A CONDENSED VERSION OF THE INTERNAL FINANCIAL REPORT WHICH IS ALSO USED TO SUPPLY THE DETAIL NEEDED FOR THE 990. SUBSEQUENT TO THE COMPLETION OF THE AUDIT, THE RETURN IS PREPARED. PRIOR TO FILING, THE RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR, INTERNAL ACCOUNTING STAFF,AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE SUBJECT TO THE FOUNDATION'S CONFLICT OF INTEREST POLICY WHICH IS SIGNED ANNUALLY BY EACH INDIVIDUAL TO ACKNOWLEDGE AGREEMENT WITH THE POLICY. AS STATED IN THE POLICY, DIRECTORS MUST DISCLOSE ANY POTENTIAL CONFLICTS TO THE FOUNDATION PRESIDENT OR VICE PRESIDENT, AND MUST RECUSE HIMSELF OR HERSELF FROM ALL DISCUSSION AND VOTING ON ANY ISSUE IN WHICH HE OR SHE HAS A FINANCIAL INTEREST. ADDITIONALLY, THE EXECUTIVE DIRECTOR IS REQUIRED TO PROVIDE MONTEREY PENINSULA COLLEGE AN ANNUAL DISCLOSURE OF OTHER BOARD MEMBERSHIPS, PROPERTY OWNED AND OTHER SITUATIONS THAT CREATE A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS THE CURRENT PUBLISHED SALARIES IN THE FAIR PAY FOR NORTHERN CALIFORNIA NON-PROFITS 2015 COMPENSATION AND BENEFITS SURVEY REPORT, AS WELL AS REVIEWS COMPENSATION OF ED'S IN COMMUNITY COLLEGE FOUNDATIONS OF SIMILAR SIZE. THE EXECUTIVE DIRECTOR, AND THE ACCOUNTING MANAGER PREPARE THE ANNUAL BUDGET THEN SUBMIT IT TO THE FINANCE COMMITTEE FOR INPUT AND REVIEW. THE BUDGET IS THEN TAKEN TO THE BOARD OF DIRECTORS FOR APPROVAL. SALARY LEVELS FOR THE STAFF ARE RECOMMENDED BY THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR'S SALARY IS RECOMMENDED BY THE EXECUTIVE COMMITTEE AND FINANCE COMMITTEE AFTER COMPLETING THE EXECUTIVE DIRECTOR'S PERFORMANCE EVALUATION AND IN CONJUCTION WITH REVIEWING THE BUDGET. CHANGES TO THE EXECUTIVE DIRECTOR'S COMPENSATION AS RECOMMENDED BY THE EXECUTIVE COMMITTEE ARE APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE AT THE BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE SPLIT INTEREST AGREEMENT -369. CHANGE IN VALUE OF BENEFICIAL INTEREST 46,013. MONTEREY PENINSULA COMMUNITY COLLEGE 980 FREMONT ST MONTEREY CA 93940 942314506 COMMUNITY COLLEGE DISTRICT CA GOVERNMENTAL UNIT 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0