2020-07-06T13:10:43-05:00 2019-08-31 161131146 BONADIO & CO LLP 6 WEMBLEY COURT ALBANY NY 12205 990 2018-09-01 222484101 DUTCHESS COMMUNITY COLLEGE FOUNDATION INC DUTC 8454318400 53 PENDELL ROAD POUGHKEEPSIE NY 12601 DIANA POLLARD EXECUTIVE DIRECTOR 8454318400 2020-06-09 1 KEVIN TESTO P01435881 5184644080 2020-06-09 24.105.229.143 2020-06-09 15:17:08 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 943164EDC27B847738794D359BF890359084E7A9 2018 2021-01-29 14:40:06Z DIANA POLLARD 53 PENDELL ROAD POUGHKEEPSIE NY 12601 1810946 0 X WWW.SUNYDUTCHESS.EDU/ALUMNI/FOUNDATION/ X 1975 NY TO SUPPORT OPERATIONS OF DUTCHESS COMMUNITY COLLEGE IN POUGHKEEPSIE, NEW YORK. 26 26 0 52 0 0 1128748 833462 0 0 445453 639252 -103625 -109198 1470576 1363516 565595 578024 0 0 0 0 0 0 82623 378889 328252 944484 906276 526092 457240 12915144 12938412 192191 105647 12722953 12832765 X THE MISSION OF DUTCHESS COMMUNITY COLLEGE FOUNDATION IS TO RAISE FUNDS TO PROVIDE SCHOLARSHIPS AND SUPPORT THE DUTCHESS COMMUNITY COLLEGE'S ("DCC") INITIATIVES THAT WILL HAVE A SIGNIFICANT AND DIRECT IMPACT ON THE STUDENTS, FACULTY, AND STAFF OF DCC. 0 0 643338 578024 THE PROVISION OF EDUCATIONAL GRANTS TO AID AND ADVANCE THE WELFARE, DEVELOPMENT, PURPOSE, AND PROGRAMS OF DUTCHESS COMMUNITY COLLEGE ("DCC") AND ITS STUDENTS. DURING THE FISCAL YEAR, THE FOUNDATION AWARDED GRANTS TO OVER 300 STUDENTS OF DCC. IN ADDITION TO THE STUDENT SCHOLARSHIPS, THE FOUNDATION AWARDS SMALL GRANTS TO THE FACULTY IN SUPPORT OF PROJECTS RELATED TO ACADEMIC PROGRAMS. EACH YEAR FACULTY MEMBERS ARE CHOSEN FOR THE CHAIRS, AN HONOR FOR TEACHING EXCELLENCE. THE FACULTY MEMBERS RECEIVE A STIPEND AND ARE ALSO GIVEN A SMALL AMOUNT THAT THEY CAN USE TO BRING IN A SPEAKER OR TO DO A PROJECT. LECTURES TYPICALLY DRAW 300 PEOPLE AND SOME OF THE SPEAKERS HAVE BEEN PULITZER PRIZE AND NOBEL PRIZE WINNERS. CRAFT FAIR: EACH YEAR, DCC HOSTS THE FOUNDATION CRAFT FAIR WITH MORE THAN 100 ARTISTS ON THE WEEKEND FOLLOWING THANSKGIVING. THE FAIR HAS BECOME A MUCH-ANTICIPATED EVENT AS IT ALLOWS PEOPLE TO GET A HEAD START ON THEIR HOLIDAY SHOPPING BY PURCHASING ONE-OF-A-KIND GIFTS FOR FRIENDS AND FAMILY. NOVEMBER MARKED THE CRAFT FAIR'S 46TH YEAR. INVITED PARTICIPANTS INCLUDE SOME OF THE FAVORITE ARTISTS FROM OUR PREVIOUS CRAFT FAIRS, ALONG WITH NEW ARTISTS. THE JURIED FAIR FEATURES WORKS FROM ARTISTS WHO HAND-CRAFTED THEIR OWN ITEMS. SOME OF THE PIECES ARE CONSIDERED FINE ART. ADDITIONALLY, THERE ARE MANY SPECIALTY FOOD VENDORS. THE FOUNDATION'S ANNUAL CRAFT FAIR GIVES ABOUT 3,000 ATTENDEES THE OPPORTUNITY TO FIND ITEMS THAT YOU CANNOT FIND ANYWHERE ELSE. THE EVENT RAISED MORE THAN $30,000 IN PROCEEDS THAT PROVIDE DSERVING DCC STUDENTS WITH SCHOLARSHIPS. GALA: THE FOUNDATION'S COMMUNITY BRIDGE TO THE FUTURE GALA WAS HELD SATURDAY, MARCH 24, 2018 AT THE GRANDVIEW IN POUGHKEEPSIE, NY. DCC TRULY IS THE BRIDGE THAT MANY IN OUR COMMUNITY NEED TO REACH THEIR GOALS. CLOSE TO 400 PEOPLE ATTENDED THE EVENT TO HONOR INDIVIDUALS, ANGELA FLESLAND, '06, MARK MAHONEY '83, CATHY TEMPLE, AND FAMILY SERVICES. ANGLEA AND MARK WERE INDUCTED INTO THE ALUMNI HALL OF FAME FOR THEIR OUTSTANDING PROFESSIONAL CONTRIBUTIONS AND THEIR COMMITMENT TO OUR COMMUNITY. WE HONORED CATHY TEMPLE WITH THE BERNARD HANDEL COMMUNITY LEADERSHIP AWARD, WHICH IS PRESENTED TO MEMBERS OF OUR COMMUNITY WHO IMPROVE LIVES IN DUTCHESS COUNTY THROUGH THEIR LEADERSHIP AND VOLUNTEER WORK WITH LOCAL NOT-FOR-PROFIT ORGANIZATIONS. WE HONORED THE FAMILY SERVICES WITH THE BRIDGE TO THE FUTURE AWARD, WHICH WAS ESTABLISHED TO RECOGNIZE INDIVIDUALS AND ORGANIZATIONS WHO HAVE HAD A MEASURABLE IMPACT ON OUR COMMUNITY AND WHO HAVE ENHANCED THE QUALITY OF LIFE FOR THOSE WHO LIVE AND WORK IN THE MID-HUDSON VALLEY. OUR COMMUNITY'S BRIDGE TO THE FUTURE GALA RAISES MONEY TO SUPPORT MORE THAN $420,000 IN SCHOLARSHIPS AWARDED EACH YEAR TO OVER 220 STUDENTS BY THE FOUNDATION. GOLF TOURNAMENT: 29TH ANNUAL FOUNDATION GOLF TOURNAMENT AND DINNER IN MEMORY OF JACK ORCUTT WAS HELD ON MAY 21, 2018 AT THE LINKS AT UNION VALE. THIS EVENT HELPS TO SUPPORT THE MISSION OF THE FOUNDATION, WHICH IS TO PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS IN OUR REGION. THE EVENT WAS A SUCCESS, RAISING MORE THAN $53,000. 643338 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 19 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AL CA CO KY ME MD MA MI MN NV NH NJ NY ND OH OK OR SC UT WA WV WI DC X X DONNA ROCAP ASSOCIATE VICE PRESIDENT 8454318400 53 PENDELL ROAD POUGHKEEPSIE NY 12601 JIM FEDORCHAK CHAIR 2.00 X X 0 0 0 ELLEN BAKER VICE-CHAIR 2.00 X X 0 0 0 MARTY TRIOLA TREASURER 2.00 X X 0 0 0 SUSAN MCCLELLAND BOYCE DIRECTOR 2.00 X 0 0 0 SHIRLEY BRERETON DIRECTOR 2.00 X 0 0 0 BETSY BROWN DIRECTOR / BOT LIASON 2.00 X 0 0 0 PAUL CALOGERAKIS DIRECTOR 2.00 X 0 0 0 MICHAEL CAMPAGNA DIRECTOR 2.00 X 0 0 0 DENNIS DENGEL DIRECTOR 2.00 X 0 0 0 CARL DENTI DIRECTOR 2.00 X 0 0 0 RYAN FOHL DIRECTOR 2.00 X 0 0 0 RAYMOND FREDA DIRECTOR 2.00 X 0 0 0 JACQUELINE GOFFE-MCNISH DIRECTOR 2.00 X 0 0 0 CAROL L GORDON DIRECTOR 2.00 X 0 0 0 RONALD HICKS DIRECTOR 2.00 X 0 0 0 STACEY LANGENTHAL DIRECTOR 2.00 X 0 0 0 LINDA MELTON MANN DIRECTOR 2.00 X 0 0 0 JOHN MAZZETTI DIRECTOR 2.00 X 0 0 0 RITA MCPECK DIRECTOR 2.00 X 0 0 0 VINNY MILLER DIRECTOR 2.00 X 0 0 0 VINCENT NUNZIATO DIRECTOR 2.00 X 0 0 0 KIP BLEAKLEY O'NEILL DIRECTOR 2.00 X 0 0 0 DICK REITANO DIRECTOR 2.00 X 0 0 0 KIMBERLEY S WILLIAMS DIRECTOR 2.00 X 0 0 0 DAVID WISE DIRECTOR 2.00 X 0 0 0 PAMELA EDINGTON EX-OFFICIO DIRECTOR / DCC 2.00 X 0 214286 43116 DIANA POLLARD EXECUTIVE DIRECTOR 35.00 X 0 100458 26350 0 314744 69466 0 0 1 0 0 258405 575057 35432 833462 273573 273573 604777 239098 365679 365679 365679 97166 258405 208332 -111166 -111166 MISCELLAENOUS INCOME 900099 1968 1968 1968 1363516 0 0 530054 573583 573583 4441 4441 7300 7300 55550 55550 60015 9653 43410 6952 3646 560 201 2885 73776 12641 23852 37283 7899 835 7064 9789 9789 FOOD 53484 28080 24946 458 INDIRECT EVENT EXPENSE 21452 21452 MISCELLANEOUS 18837 3682 7399 7756 PRIZES 15909 9268 804 5837 595 595 906276 643338 180315 82623 300 300 759511 615478 136578 122253 100 675 76446 70578 43382 43382 0 0 11942209 12129128 12915144 12938412 155989 70532 36202 35115 192191 105647 X 712869 837349 3553501 3322838 8456583 8672578 12722953 12832765 12915144 12938412 457240 -347428 0 X X 0 1 X 1 0 X 1627051 693594 780981 1128748 863462 5093836 1627051 693594 780981 1128748 863462 5093836 336990 4756846 188944 207777 212191 444305 273573 1326790 2891 117 40 13 3061 6423687 0.74050 0.75530 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2014 AMOUNT: $ 2,891. 2015 AMOUNT: $ 117. 2016 AMOUNT: $ 40. 2017 AMOUNT: $ 13. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 10926630 67655 189015 259520 10987134 10227274 246765 813064 360473 10926630 9396244 178987 895349 243306 10227274 8871066 111434 622073 208329 9396244 8396439 949067 -242438 232002 8871066 0.01970 0.20640 0.77390 0 0 5700 5700 0 37682 37682 0 0 X 1599791 -347428 505156 22931 180659 1419132 55550 -111166 -55616 1363516 1489979 505156 22931 528087 961892 55550 -111166 -55616 906276 PART III, LINE 1A: THE FOUNDATION HAS A COLLECTION OF ARTWORK THAT IS ON PUBLIC DISPLAY AT DUTCHESS COMMUNITY COLLEGE. THE FOUNDATION HAS ADOPTED A POLICY IN WHICH THE COLLECTION OF ARTWORK IS NOT CAPITALIZED AND RECOGNIZED AS AN ASSET. ACCORDINGLY, PURCHASES OF ARTWORK ARE A REDUCTION OF NET ASSETS IN THE PERIOD WHEN PURCHASED. PROCEEDS FROM SALES OR INSURANCE RECOVERIES ARE RECORDED AS INCREASES IN NET ASSETS WHEN RECEIVED. PART III, LINE 4: THE FOUNDATION HAS A COLLECTION OF ARTWORK THAT IS ON PUBLIC DISPLAY AT DUTCHESS COMMUNITY COLLEGE TO ENHANCE THE LEARNING ENVIRONMENT THROUGHOUT THE CAMPUS. ALL ITEMS WITHIN THE COLLECTION WERE DONATED TO THE FOUNDATION FOR USE AS DISPLAYED ARTWORK. THE FOUNDATION DOES NOT INTEND TO SELL THE ARTWORK, BUT PLANS TO MAINTAIN THE COLLECTION FOR FUTURE GENERATIONS. PART V, LINE 4: THE FOUNDATION'S INTENDED USE OF ENDOWMENT FUNDS IS TO PROVIDE LONG-TERM SUPPORT FOR ITS CHARITABLE PROGRAMS AND TO PRESERVE THE PURCHASING POWER OF THE CORPUS AND INSULATE PROGRAM SPENDING FROM FLUCTUATIONS IN CAPITAL MARKETS. SPECIFICALLY, THE FOUNDATION'S INTENDED USE OF THE ENDOWMENT FUNDS IS FOR THE PROVISION OF GENERAL SCHOLARSHIPS AND GRANTS TO STUDENTS ATTENDING DUTCHESS COMMUNITY COLLEGE AS WELL AS 25 GRADUATE SCHOLARSHIPS TO STUDENTS FURTHERING THEIR STUDIES. PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO AUGUST 31, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: MANAGEMENT FEE REVENUE 22,931. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSE -111,166. PART XII, LINE 2D - OTHER ADJUSTMENTS: MANAGEMENT FEE EXPENSE 22,931. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSE -111,166. ANNUAL GALA 197127 143665 53462 545 44259 5160 73754 GOLF TOURNAMENT 73079 50642 22437 5272 14722 29705 3 85365 64098 21267 74 34841 355571 258405 97166 5817 59055 5160 138300 208332 -111166 1 DUTCHESS COMMUNITY COLLEGE 53 PENDELL ROAD POUGHKEEPSIE NY 12601 146012314 501(C)(3) 507239 EDUCATIONAL SUPPORT OF STUDENTS SUNY NEW PALTZ 1 HAWK DRIVE NEW PALTZ NY 12561 146013200 501(C)(3) 7000 EDUCATIONAL SUPPORT OF STUDENTS PART I, LINE 2: THE FOUNDATION PROCESSES AND APPROVES ALL REIMBURSEMENTS OF GRANT FUNDS TO DUTCHESS COMMUNITY COLLEGE. THE COLLEGE DOES NOT RECEIVE THE FUNDS DIRECTLY. THE FUNDS MUST GO THROUGH THE FOUNDATION. GRANT FUNDS ARE MONITORED BY THE COLLEGE ADMINISTRATION FOR COMPLIANCE WITH GRANT AGREEMENTS AND APPLICABLE GOVERNMENT REGULATIONS. 0 0 0 0 0 0 0 0 0 PAMELA EDINGTON EX-OFFICIO DIRECTOR / DCC 0 214286 0 0 0 0 0 17355 0 25761 0 257402 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR WAS NOT COMPENSATED BY DUTCHESS COMMUNITY COLLEGE FOUNDATION; HOWEVER SHE IS EMPLOYED BY DUTCHESS COMMUNITY COLLEGE AS EXECUTIVE DIRECTOR AND WAS COMPENSATED BY THE COLLEGE. THE EXECUTIVE DIRECTOR IS A MANAGEMENT CONFIDENTIAL EMPLOYEE OF THE COLLEGE. MANAGEMENT CONFIDENTIAL SALARIES ARE DETERMINED BY THE COLLEGE BOARD OF TRUSTEES AND APPROVED WITH A BOARD RESOLUTION. X 80 X 13838 X 2 27575 COST X 1 60420 AVERAGE SELLING PRICE X 17882 COST X GIFT CARDS AND CERTIFICATES 71 32554 COST 0 1 0 PART I, COLUMN (B): THE FOUNDATION IS REPORTING THE NUMBER OF CONTRIBUTORS FOR DONATED SECURITIES AND THE NUMBER OF CONTRIBUTIONS FOR ALL REMAINING NON-CASH CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B A PAPER COPY OF THE DRAFT OF THE FORM 990 IS REVIEWED BY THE FOUNDATION'S AUDIT COMMITTEE, BOARD OF DIRECTORS, AND THE ADMINISTRATION PERSONNEL AND EXECUTIVES OF THE FOUNDATION PRIOR TO FILING. IF THERE ARE ANY ISSUES OR QUESTIONS, THESE ITEMS WILL BE DISCUSSED WITH THE ACCOUNTANTS PREPARING THE RETURN. ONCE THESE ISSUES AND QUESTIONS ARE RESOLVED, THE BOARD WILL APPROVE THE RETURN AND WILL NOTIFY THE ACCOUNTANTS THAT IT MAY BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO ANNUALLY AFFIRM COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. NEW APPOINTEES ARE REQUIRED TO ACKNOWLEDGE ACCEPTANCE OF THE POLICY UPON APPOINTMENT. INDIVIDUALS ARE REQUIRED TO DISCLOSE ANY CONFLICTS THAT MAY EXIST WHEN MATTERS COME UP FOR DELIBERATION OR DECISION, AND TO RECUSE THEMSELVES FROM THE PROCESS WHEREVER A CONFLICT MAY EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR, OFFICERS, AND KEY EMPLOYEES ARE NOT COMPENSATED BY THE FOUNDATION, BUT THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES ARE COMPENSATED BY AN RELATED ORGANIZATION, DUTCHESS COMMUNITY COLLEGE ("DCC"). KEY EMPLOYEES, WHOSE TIME IS STRICTLY DEVOTED TO THE FOUNDATION, ARE COVERED UNDER A UNION CONTRACT. THE EXECUTIVE DIRECTOR IS A MANAGEMENT CONFIDENTIAL EMPLOYEE OF DCC. MANAGEMENT CONFIDENTIAL SALARIES ARE DETERMINED BY THE PRESIDENT AND DCC'S BOARD OF TRUSTEES AND APPROVED WITH A BOARD RESOLUTION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE SERVICE CODE AS IT IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR WEBSITES. IN ADDITION, FORM 1023, AS WELL AS THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 53, PENDELL ROAD, POUGHKEEPSIE, NY 12601, OR BY CALLING THE FOUNDATION DIRECTLY AT 845-431-8400. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE FOUNDATION ASSISTS THE BOARD OF DIRECTORS IN FULFILLING ITS OVERSIGHT RESPONSIBILITIES RELATING TO THE INTEGRITY OF THE FOUNDATION'S FINANCIAL STATEMENTS, ITS COMPLIANCE WITH LEGAL AND REGULATORY REQUIREMENTS, THE QUALIFICATIONS, INDEPENDENCE, AND PERFORMANCE OF THE FOUNDATION'S INDEPENDENT AUDITORS, ITS CODE OF ETHICS AND BUSINESS CONDUCT, AND ANY CONFLICT OF INTEREST TRANSACTIONS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.