2020-11-13T14:11:58-06:00 2020-06-30 363168081 SIKICH LLP 1415 W DIEHL RD SUITE 400 NAPERVILLE IL 605632349 990 2019-07-01 362990533 WAUBONSEE COMMUNITY COLLEGE FOUNDATION WAUB 6304667900 ROUTE 47 AT WAUBONSEE DRIVE SUGAR GROVE IL 60554 DARLA CARDINE EXECUTIVE TREASURER 6304667900 2020-11-13 1 HEATHER BONIFAS CPA P01711657 6305668400 2020-11-13 75.70.147.36 2020-11-13 12:55:15 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 EDDA6FA8C23DA2D0C439C884A0B361B39F395300 2019 2021-01-29 14:40:06Z ROBERT BARTO ROUTE 47 AT WAUBONSEE DRIVE SUGAR GROVE IL 60554 1712035 0 X WWW.WAUBONSEE.EDU/FOUNDATION.PHP X 1978 IL TO FUND WAUBONSEE COMMUNITY COLLEGE STUDENT SCHOLARSHIPS AND EDUCATIONAL PROGRAMS. 25 25 0 68 0 0 426677 266688 0 0 192414 105098 25844 0 644935 371786 372127 431760 0 0 0 0 0 0 8024 140057 75287 512184 507047 132751 -135261 5637721 5522896 2000 52625 5635721 5470271 THE WAUBONSEE COMMUNITY COLLEGE FOUNDATION WAS FORMED TO ADVANCE THE EDUCATIONAL AND CHARITABLE PURPOSES OF WAUBONSEE COMMUNITY COLLEGE. THE PRIMARY OBJECTIVE OF THE FOUNDATION IS TO RAISE FUNDS FOR STUDENT SCHOLARSHIPS AND EDUCATIONAL PROGRAMS. 0 0 405478 376210 THE WCCF PROVIDED 407 SCHOLARSHIPS TO STUDENTS ATTENDING WCC. THE TOTAL VALUE IS $376,127 WHICH INCLUDED $360,852 OF WCCF SCHOLARSHIPS AND $15,358 IN CAREER & TECHNICAL EDUCATION SCHOLARSHIPS FOR WCC STUDENTS. 55550 55550 THE WCCF PAID $55,550 TO WAUBONSEE COMMUNITY COLLEGE FOR DONATIONS RECEIVED TO SUPPORT SPECIFIC EDUCATIONAL PROGRAMS AT THE COLLEGE. 461028 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X THE ORGANIZATION 6304667900 ROUTE 47 AT WAUBONSEE DRIVE SUGAR GROVE IL 60554 X DALE BERMAN DIRECTOR 1.00 X 0 0 0 JOHN CORDOGAN DIRECTOR 1.00 X 0 0 0 GERARD DEMPSEY DIRECTOR 1.00 X 0 0 0 BRIAN DOLAN DIRECTOR 1.00 X 0 0 0 LYNN DUBAJIC DIRECTOR 1.00 X 0 0 0 STAN FREE DIRECTOR 1.00 X 0 0 0 THEODIA GILLESPIE DIRECTOR 1.00 X 0 0 0 RICHARD HAWKS DIRECTOR 1.00 X 0 0 0 DR DIANE HOMAN DIRECTOR 1.00 X 0 0 0 DR THOMAS R HUBERTY DIRECTOR 1.00 X 0 0 0 EDUARDO GIL DIRECTOR 1.00 X 0 0 0 ANGELO KLERONOMOS DIRECTOR 1.00 X 0 0 0 LAURA NEWMAN DIRECTOR 1.00 X 0 0 0 GERALD PALMER DIRECTOR 1.00 X 0 0 0 BONNIE PROCTOR DIRECTOR 1.00 X 0 0 0 DR GINA SANTORI DIRECTOR 1.00 X 0 0 0 JENNIFER SHOOK-HARRIS DIRECTOR 1.00 X 0 0 0 TIM TREMAIN DIRECTOR 1.00 X 0 0 0 RICHARD WAGNER DIRECTOR 1.00 X 0 0 0 MICHAEL WILLIAMS DIRECTOR 1.00 X 0 0 0 MATTHEW WINKLE DIRECTOR 1.00 X 0 0 0 RICHARD W HOSTER III DIRECTOR 1.00 X 0 0 0 DARLA CARDINE EXECUTIVE TREASURER 2.00 X 0 0 0 PENELOPE CAMERON PRESIDENT 2.00 X X 0 0 0 EDWARD KEATING VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL OCHSENSCHLAGER SECRETARY/TREASURER 2.00 X X 0 0 0 ROBERT BARTO FOUNDATION EXECUTIVE DIREC 32.00 X 0 0 0 0 0 0 0 0 0 1 0 266688 29268 266688 142850 142850 1302497 1340249 -37752 -37752 -37752 371786 0 0 105098 55550 55550 376210 376210 27409 27409 16908 8922 7986 MATERIALS AND SUPPLIES 29306 29268 38 MISCELLANEOUS EXPENSE 1664 1664 507047 461028 37995 8024 54635 82639 250217 174623 1800 0 1167 13315 5255579 5174301 74323 78018 5637721 5522896 2000 2325 50300 2000 52625 X 1642844 1623798 3992877 3846473 5635721 5470271 5637721 5522896 X -135261 -34167 3978 X 0 1 X 1 0 X 754936 340493 457830 426677 266688 2246624 754936 340493 457830 426677 266688 2246624 287302 1959322 106258 130742 140241 146335 142850 666426 66250 25844 92094 3005144 0.65200 0.68180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2820175 26249 13474 74897 2785001 2615064 107800 190642 93331 2820175 1851800 281803 2133603 1747349 108451 4000 1851800 1649349 98000 1747349 1.00000 0 0 0 X 661800 -34167 347612 3978 317423 344377 27409 27409 371786 827250 347612 347612 479638 27409 27409 507047 PART V, LINE 4: TO PROVIDE FUNDS FOR WAUBONSEE COMMUNITY COLLEGE STUDENT SCHOLARSHIPS. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CASH SURRENDER VALUE OF LIFE INSURANCE 3,978. PART V - ENDOWMENT BEGINING BALANCE ENDOWMENT CURRENT YEAR BEGINNING BALANCE WAS RESTATED FOR CHANGE ON THE AUDITED FINANCIAL STATEMENTS FOR YEAR ENDING 6/30/18. 1 WAUBONSEE COMMUNITY COLLEGE ROUTE 47 AT WAUBONSEE DRIVE SUGAR GROVE IL 60554 366153030 501(C)(1) 55550 EDUCATION PROGRAMS SCHOLARSHIPS 353 376210 PART I, LINE 2: DURING THE SCHOLARSHIP RECIPIENT SELECTION PROCESS, ONLY THOSE STUDENTS WHO MEET A DONOR'S SPECIFIED SELECTION CRITERIA ARE CONSIDERED BY THE SELECTION COMMITTEE FOR A PARTICULAR SCHOLARSHIP. FOLLOWING THE AWARD OF A SCHOLARSHIP, AN ANALYST IN THE FINANCIAL AID OFFICE VERIFIES EACH SEMESTER THAT STUDENTS WITH SCHOLARSHIPS THAT SPECIFY A MAJOR AREA OF STUDY OR A SPECIFIC GRADE POINT AVERAGE (GPA) ARE TAKING COURSES IN THE SPECIFIED AREA OF STUDY AND/OR MAINTAINING THE REQUIRED GPA. STUDENTS WHO DO NOT COMPLY WITH THEIR SCHOLARSHIP'S SPECIFICATIONS LOSE THE SCHOLARSHIP SECOND SEMESTER. IN ADDITION, THE WAUBONSEE COMMUNITY COLLEGE FOUNDATION BOARD OF DIRECTORS RECEIVES A LIST OF CURRENT YEAR SCHOLARSHIP RECIPIENTS AND THE AMOUNT OF SCHOLARSHIP FUNDS EACH HAS USED ANNUALLY. 0 0 0 0 0 0 0 0 0 FORM 990, PART VII, SECTION A, LINE 5, COMPENSATION FROM AN UNRELATED PARTY UNRELATED ORGANIZATION: WAUBONSEE COMMUNITY COLLEGE EMPLOYEE: ROB BARTO BASE COMPENSATION: 144,186 NON-TAXABLE BENEFITS: 14,305 X 3 29268 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS HAS DELEGATED TO THE FINANCE AND AUDIT COMMITTEE AND THE EXECUTIVE COMMITTEE THE RESPONSIBILITY FOR REVIEW OF THE 990. WHEN THE TWO COMMITTEES ARE NOTIFIED THAT THE 990 IS COMPLETE AND READY FOR ITS REVIEW, ALL OTHER MEMBERS OF THE BOARD OF DIRECTORS ARE ALSO NOTIFIED AND INVITED TO REVIEW THE 990 IF THEY WISH TO DO SO. FORM 990, PART VI, SECTION B, LINE 12C EVERY DIRECTOR RECEIVES THE CONFLICT OF INTEREST POLICY AND STATEMENT FROM THE PRESIDENT OF WAUBONSEE COMMUNITY COLLEGE FOUNDATION PRIOR TO THE FALL ANNUAL MEETING. ONCE ALL SIGNED FORMS HAVE BEEN RECEIVED, THE PRESIDENT OF WAUBONSEE COMMUNITY COLLEGE FOUNDATION AND THE CHAIRMAN OF THE NOMINATING AND GOVERNANCE COMMITTEE REVIEW THEM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE TOP MANAGEMENT OFFICIAL OF WAUBONSEE COMMUNITY COLLEGE FOUNDATION IS AN EMPLOYEE OF, EVALUTED BY, AND COMPENSATED BY WAUBONSEE COMMUNITY COLLEGE. WAUBONSEE COMMUNITY COLLEGE EVAULATES COMPENSATION BASED ON A COMPREHENSIVE COMPENSATION BENEFITS STUDY. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: CHANGE IN CASH VALUE OF LIFE INSURANCE 3,978.