2019-05-09T17:39:55-05:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 301 NORTH LAKE AVENUE SUITE 900 PASADENA CA 91101 990 2017-07-01 953297459 LONG BEACH CITY COLLEGE FOUNDATION LONG 5629384134 4900 EAST CONANT STREET LONG BEACH CA 90808 G LORAIN BRAULT PRESIDENT 5629384134 2019-05-09 1 KAREN LO P02141262 6267933600 2019-05-09 67.137.57.251 2019-05-09 15:39:15 PD P 1D08D4BD6D4BEBD3F926FC5FC6484014A9CB06E2 6C65CDAE205BD6F3BC0D1F226B31661FB32373A5 2017 2019-02-21 02:37:17Z X G LORAIN BRAULT 4900 EAST CONANT STREET LONG BEACH CA 90808 8388486 0 X WWW.LBCC.EDU/FOUNDATION X 1978 CA SUPPORT & ENHANCE THE LEARNING ENVIRONMENT OF THE LONG BEACH COMMUNITY COLLEGE DISTRICT. 77 76 35 121 0 0 3288129 3953533 691788 664061 450695 479151 0 296625 4430612 5393370 3415295 2315649 0 0 195714 1054607 0 0 110346 1220461 427728 4831470 3797984 -400858 1595386 17610000 18362451 2037496 891074 15572504 17471377 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 PROGRAM, BUILDING, EQUIPMENT, AND ANY OTHER OUTLAY INCLUDING BUT NOT LIMITED TO NEEDS FOR SCHOLARSHIPS, LOANS, AND GRANTS TO QUALIFIED STUDENTS. 0 0 878204 878204 THE FOUNDATION IS FORTUNATE TO HAVE RECEIVED FUNDING FROM THE GOLDMAN SACHS FOUNDATION TO CONTINUE THE 10,000 SMALL BUSINESS PROJECT THROUGH AN EDUCATIONAL PROGRAM. THE CURRICULUM INCLUDES MODULES WHICH PROMOTE A RELEVANT LEARNING EXPERIENCE. THE PROGRAM HAS GRADUATED 903 SMALL BUSINESS OWNERS. THE FOUNDATION IS IN ITS NINTH YEAR OF A VERY SUCCESSFUL PROGRAM WHICH HAS BECOME A MODEL FOR OTHER SUCH GRANTEES THROUGHOUT THE UNITED STATES. 958318 958318 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 559 QUALIFIED STUDENTS SCHOLARSHIPS AND AWARDS. 637109 664061 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. 572396 479127 318878 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. 572396 479127 318878 3046027 1 1 0 0 0 1 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 24 0 35 1 0 0 0 0 0 1 1 0 0 0 0 X 77 76 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 GUY HESTON PRESIDENT 2.00 X X 0 0 0 G LORAIN BRAULT PRESIDENT ELECT 2.00 X X 0 0 0 DR JOHN FYLPAA VICE PRESIDENT 2.00 X X 0 0 0 MARY CRANE VICE PRESIDENT 2.00 X X 0 0 0 DR SERAFIN ZASUETA VICE PRESIDENT 2.00 X X 0 0 0 KISTIN BIALE-GONDA TREASURER 2.00 X X 0 0 0 MARCELLE EPLEY SECRETARY 2.00 X X 0 0 0 BARRY MCDANIEL PAST PRESIDENT 2.00 X 0 0 0 COOPER GARY MEMBER AT LARGE 2.00 X 0 0 0 MARK TAYLOR MEMBER AT LARGE 2.00 X 0 0 0 RICK DUREE MEMBER AT LARGE 2.00 X 0 0 0 ELIZABETH MCCANN EXECUTIVE DIRECTOR 40.00 X X 139000 0 0 ARTURO AGUAYO MEMBER 1.00 X 0 0 0 FIDEL AGUAYO MEMBER 1.00 X 0 0 0 EDWARD ARNOLD MEMBER 1.00 X 0 0 0 ROBERT ARVIZU MEMBER 1.00 X 0 0 0 DINA BERG MEMBER 1.00 X 0 0 0 MARTHA MOLINA BERNADETT MEMBER 1.00 X 0 0 0 BOB BLAIR MEMBER 1.00 X 0 0 0 PAUL BROWN MEMBER 1.00 X 0 0 0 MARIA COCHRAN MEMBER 1.00 X 0 0 0 KAREN CODMAN MEMBER 1.00 X 0 0 0 HOWARD DAVIS MEMBER 1.00 X 0 0 0 GARY DELONG MEMBER 1.00 X 0 0 0 DIANE DEWALSCHE MEMBER 1.00 X 0 0 0 MICHELE DOBSON MEMBER 1.00 X 0 0 0 STEPHEN J DODGE MEMBER 1.00 X 0 0 0 BARBARA ELLIS MEMBER 1.00 X 0 0 0 ANNE EMIGH MEMBER 1.00 X 0 0 0 DR STUART L FARBER MEMBER 1.00 X 0 0 0 DR MARK A GARLINGTON MEMBER 1.00 X 0 0 0 MICHAEL F GIOVE MEMBER 1.00 X 0 0 0 DANIEL P GOOCH MEMBER 1.00 X 0 0 0 IVY ARLINDA GOOLSBY MEMBER 1.00 X 0 0 0 RANDY GORDON MEMBER 1.00 X 0 0 0 JERRY GREEN MEMBER 1.00 X 0 0 0 DR NOEL HACEGABA MEMBER 1.00 X 0 0 0 DONNA HANCOCK MEMBER 1.00 X 0 0 0 JOHN HEFFERNAN MEMBER 1.00 X 0 0 0 GARRY HERRON MEMBER 1.00 X 0 0 0 JACK HINSCHE MEMBER 1.00 X 0 0 0 JAN B HOWER MEMBER 1.00 X 0 0 0 JACKIE KELL MEMBER 1.00 X 0 0 0 THOMAS W KING MEMBER 1.00 X 0 0 0 JAYNE LASTUSKY MEMBER 1.00 X 0 0 0 RICHARD LEDERER MEMBER 1.00 X 0 0 0 BRUCE MACRAE MEMBER 1.00 X 0 0 0 SANDOR SANDY MAYUGA MEMBER 1.00 X 0 0 0 GERALD JERRY MILLER MEMBER 1.00 X 0 0 0 AARON MOORE MEMBER 1.00 X 0 0 0 HEATHER MORRIS MORO MEMBER 1.00 X 0 0 0 LYNN E MOYER MEMBER 1.00 X 0 0 0 JEFFREY A NAPPER MEMBER 1.00 X 0 0 0 SUZANNE NOSWORTHY MEMBER 1.00 X 0 0 0 RICHARD A OLSSON MEMBER 1.00 X 0 0 0 TED OROZCO MEMBER 1.00 X 0 0 0 DR FREDA HINSCHE OTTO MEMBER 1.00 X 0 0 0 ROSI PEDERSEN MEMBER 1.00 X 0 0 0 ROBYN GORDON PETERSON MEMBER 1.00 X 0 0 0 NAOMI RAINEY-PIERSON MEMBER 1.00 X 0 0 0 TIFFANY RAU MEMBER 1.00 X 0 0 0 SUSAN REDFIELD MEMBER 1.00 X 0 0 0 JUDY ROSS MEMBER 1.00 X 0 0 0 BRIAN RUSSELL MEMBER 1.00 X 0 0 0 GAIL SCHWANDNER MEMBER 1.00 X 0 0 0 GLORIA ST MARTIN-LOWRY MEMBER 1.00 X 0 0 0 KEN SULLIVAN MEMBER 1.00 X 0 0 0 JAMES J SULLOS JR MEMBER 1.00 X 0 0 0 DR ANDY TANG MEMBER 1.00 X 0 0 0 DR SABIRA TEJANI MEMBER 1.00 X 0 0 0 SUMER TEMPLE MEMBER 1.00 X 0 0 0 JESSICA TIERNEY MEMBER 1.00 X 0 0 0 CONNIE TURNER MEMBER 1.00 X 0 0 0 DR REBECCA J TURRENTINE MEMBER 1.00 X 0 0 0 DONITA VAN HORIK MEMBER 1.00 X 0 0 0 CLOY J MIKE WALTER MEMBER 1.00 X 0 0 0 W GARY WESTLING MEMBER 1.00 X 0 0 0 LOYD V WILCOX MEMBER 1.00 X 0 0 0 JEFFREY A WILLIAMS MEMBER 1.00 X 0 0 0 RUTH W WILLIAMS MEMBER 1.00 X 0 0 0 PATRICE PAT WONG MEMBER 1.00 X 0 0 0 139000 0 0 1 0 0 0 0 25333 1000 3927200 1008040 3953533 EDUCATIONAL PROGRAMS 900099 664061 664061 664061 413586 413586 5147 0 5147 5147 5147 2846848 2781283 65565 65565 65565 185433 25333 213833 -28400 -28400 OTHER REVENUE 900099 319878 319878 319878 5393370 983939 0 455898 1357331 1357331 958318 958318 156968 78484 78484 786315 510025 276290 42926 38734 4192 68398 37967 30431 92356 92356 55208 55208 65775 65775 42690 42690 119728 12708 87221 19799 1320 1320 38588 38588 OTHER EXPENSES 12063 12063 3797984 3046027 641611 110346 498747 261732 876158 1197142 390391 59900 78873 74792 0 74792 13442776 12717230 1684314 2401928 2288468 17610000 18362451 680664 599736 1082735 274097 291338 2037496 891074 X 2412427 3239988 3978301 3355530 9181776 10875859 15572504 17471377 17610000 18362451 X 1595386 288205 15282 X X 0 1 X 1 0 X 4439306 4182484 3028752 3026454 2953533 17630529 4439306 4182484 3028752 3026454 2953533 17630529 7472200 10158329 323194 1357400 387162 371552 418733 2858041 72621 78429 71301 241655 319878 783884 21272454 0.47750 0.51230 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2013 AMOUNT: $ 72,621. 2014 AMOUNT: $ 78,429. 2015 AMOUNT: $ 71,301. 2016 AMOUNT: $ 41,655. 2017 AMOUNT: $ 44,288. LONG BEACH COMMUNITY COLLEGE DISTRICT REIMBURSEMENT - 2016 AMOUNT: $ 200,000. 2017 AMOUNT: $ 275,590. 221 110727 93486 291338 0 0 7686673 1817404 443734 115568 42096 9790147 7027047 124061 791858 219320 36973 7686673 7020196 962239 -112673 811871 30844 7027047 7299277 51829 -43989 256217 30704 7020196 6198547 357434 910373 138096 28981 7299277 0.94290 0.05710 1 0 48912 48912 11053 11053 14827 14827 74792 US TREASURY/AGENCY NOTES 298291 F CORPORATE BONDS 1386023 F 1684314 AGENCY SCHOLARSHIP FUNDS 291338 BENEFICIAL INT IN SPLIT INT AGREEMENTS 218086 BENEFICIAL INTEREST IN CCCS FUND 882194 BENEFICIAL INTEREST IN PERPETUAL TRUST 896850 2288468 AGENCY FUNDS HELD FOR SCHOLARSHIPS 291338 291338 X 5222538 288205 -672870 -384665 5607203 -213833 -213833 5393370 3323665 0 3323665 -213833 688152 474319 3797984 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, 2018, 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 -688,152. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -15,988. CHANGE IN VALUE OF PERPETUAL TRUST -22,885. CHANGE IN VALUE OF CCCS FUND 54,155. PART XII, LINE 4B - OTHER ADJUSTMENTS: AMOUNTS REMITTED ON BEHALF OF SPECIFIED GROUPS 688,152. GOLF TOURNAMENT 51080 25333 25747 25 1435 2296 5308 16683 GALA 159686 159686 0 194 4685 183207 210766 25333 185433 25 1435 2296 5502 4685 199890 213833 -28400 1 LONG BEACH COMMUNITY COLLEGE DISTRICT 4901 E CARSON ST LONG BEACH CA 90808 952654140 170(B)(1)(A)(II) 878204 INSTITUTIONAL SUPPORT LBCC ASSOCIATE GROUPS 4901 E CARSON ST LONG BEACH CA 90808 952654140 170(B)(1)(A)(II) 479127 PROGRAM SUPPORT 0 2 SCHOLARSHIPS 559 958318 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. X 1 8040 FAIR VALUE X 1 1000000 FAIR VALUE 1 0 0 1 PART I, COLUMN (B): SCHEDULE M, PART I, LINE 9: THE ORGANIZATION RECEIVED 19 SHARES OF EXPRESS SCRIPTS, 51 SHARES OF BRIGHTHOUSE FINANCIAL AND 59 SHARES OF LAMB WEST HOLDINGS. SCHEDULE M, PART I, LINE 15: THE ORGANIZATION RECEIVED ONE DONATED REAL PROPERTY WHICH IS A RESIDENTIAL REAL PROPERTY. PART I, LINE 32B: THE ORGANIZATION HIRED COLDWELL BANKER AND LANDMARK REALTORS TO SELL THE DONATED LAND. THE ORGANIZATION HIRED HALBERT HALGROVE TO PROCESS OR SELL INVESTMENT SECURITIES. FORM 990, PART VI, SECTION A, LINE 1 THE GOVERNING BODY DELEGATED BROAD AUTHORITY TO AN EXECUTIVE COMMITTEE CONSISTING OF 12 MEMBERS OF THE GOVERNING BODY INCLUDING THE PRESIDENT, PRESIDENT ELECT, THREE VICE PRESIDENTS, TREAUSRER, SECRETARY, PAST PRESIDENT, THREE MEMBERS AT LARGE AND ONE BOARD MEMBER. 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 JOHN HANCOCK IS THE FATHER OF DONNA HANCOCK. ARTURO AGUAYO AND FIDEL AGUAYO ARE BROTHERS. RICK DUREE IS THE FATHER OF MICHAEL DUREE. JESSICA TIERNEY IS THE GRANDDAUGHTER OF JERRY GREEN. 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. BOARD MEMBERS SHALL BE ASKED TO REVIEW AND SEND BACK ANY COMMENTS. 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, REVIEW THE EXECUTIVE DIRECTOR'S COMPENSATION. THE COMPENSATION IS RECOMMENDED BY THE PERSONNEL COMMITTTE 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 -15,988. CHANGE IN VALUE OF PERPETUAL TRUST -22,885. CHANGE IN VALUE OF CCCS FUND 54,155. 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 501(C)(3) LINE 2 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 0 0 0 0 1 1 0 0 LONG BEACH COMMUNITY COLLEGE DISTRICT B 878204 CASH LONG BEACH COMMUNITY COLLEGE DISTRICT Q 275590 CASH LBCC ASSOCIATE GROUPS B 479127 CASH LONG BEACH COMMUNITY COLLEGE DISTRICT P 92356 CASH