2018-05-04T19:36:26-05:00 2017-06-30 MKR ACCOUNTING 6927 Saroni Drive Oakland CA 94611 990 2016-07-01 710942040 Las Positas College Foundation LASP 9254241010 3000 Campus Hill Drive Livermore CA 945517623 Marti Sutton Chair 9254241010 2018-05-04 1 P01023106 5103380692 X 2016 2022-09-23 18:48:47Z Kenneth Cooper 3000 Campus Hill Drive Livermore CA 945517623 7079322 0 X www.lpcfoundation X 2003 CA The mission of the Organization is to support and advance the college and its students. 12 12 0 183 0 0 942438 6970532 13678 5391 38890 70034 -43375 -7499 951631 7038458 326055 249745 0 0 114999 115786 0 0 53554 217203 248246 658257 613777 293374 6424681 1760599 8493568 117660 162623 1642939 8330945 X To support and advance the College and its students through active resource development and effective community partnerships. 0 0 435779 249745 5391 The Foundation believes that affordable, high-quality education is critical to the success of the Tri-Valley; it also realizes that such education is not guaranteed through traditional, state funding. Accordingly, the Members of the Board are dedicated to pursuing alternative support for the College through grants, direct investments, and in-kind gifts from local businesses, industries and individuals.In this era of diminished public support, myriad aspects of a full, meaningful and attainable college experience, from drama, dance and forensics to student scholarships and staff professional development, have come to be considered almost "extras." Many vital and significant LPC activities and programs are not funded by tuition or the State of California. The basic cost of a California community college education is a remarkable bargain for students wishing to prepare for transfer to a four-year institution or for those who want career technical instruction. Class fees for residents are just $46 per credit. In actuality, however, the true actual and emotional costs of higher education must also include child care, transportation, and lost work and family time. Far and away the most easily quantified additional costs are for supplies, principally textbooks. A single text often costs in excess of $100 and can exceed $400. Sadly, these "extra" costs can force some students to attempt to take classes without a textbook or, worse, drop out of college. Making scholarships available to Las Positas College students is critical to their success. Each year the Las Positas College Foundation makes grants available to students based on need and/or academic achievement. Scholarships are most often offered to any student who qualifies but some are focused on special types of students. The most compelling cohort of the latter group is returning veterans - a population that has shown remarkable growth in the past several years.Beyond direct aid to students in the form of scholarships, The Las Positas College Foundation supports a broad array of programs that enhance the learning and collegiate experience of its students and ability of its faculty to be more effective. Examples of these other types of support are:Literary and Performing Arts:-LPC Express student newspaper -Campus and Community focused Literary Magazine, Anthology and feature magazine, Naked-Theater Performances of Drama, Dance and Music -Theater facilities sound system mixing board-Award winning Speech and Debate TeamBusiness: -Shark Tank contest for business studentsOther:- Tutorlink on campus peer tutoring programAthletics:-Uniforms and equipment for all Sports Programs, such as Men's and Women's Basketball, swimming and soccer -Equipment for the new Sports Complex (Gym, Fields, and Aquatics Center) Teaching and Learning Initiatives:-Staff Development -Faculty Enriched Programs -Student Government Textbook Loaner Program-Lecture Series such as Brain Awareness Week and the Campus Change NetworkEmerging Science Programs: -Laboratory equipment and associated upgrades -Science Complex equipment and Lab expendables Scholarships: One of the primary missions of the Foundation is to provide scholarships. To date over $600,000 has been awarded. This year the Foundation offers the new Mertes Scholarships for Performing Arts, Valley Care and Athletics. Performing Arts: The performing arts program and Las Positas College is support by the Foundation through Cycle Grants and special fundraising, including providing Applied Music Lessons to help students complete this graduation requirement. Scholarships are provided for performing arts students continuing to a four-year college. Veteran Student Support: The Foundation strongly supports veterans enrolled at LPC. The Veterans Resource Center provides wrap-around services such as textbook and laptop programs, tutoring, scholarship assistance, counseling and help with jobs and housing. Business: A new scholarship is being provided for a business major student. Tutoring: The award-winning LPC Math Jam program helps students reach their goals and is offered at no cost. The Foundation also supports the RAW Center, for student assistance in reading and writing. Textbook Assistance: The Foundation supports a free textbook rental program to help students reduce the cost of college attendance. Athletics: Two scholarships are designated for male and female students in the basketball program. Teaching and Learning Initiatives: The Foundation provides funding for innovative teaching and learning projects to the faculty and staff of Las Positas College. These Grants provide support for student success, teaching and learning effectiveness and campus community development. Emerging Science Programs: The Foundation works with the community laboratories to enhance science education through events such as the Science and Engineering Seminar Series and the Sandia Science Bowl for middle school students. Support for Students with Children: The Foundation provides scholarships for children of Las Positas College students to attend the LPC Early Childhood Development Center. Parents can reach their educational goals knowing their children are in a high quality preschool program. 435779 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8 0 1 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X The Organization 9254241014 3000 Campus Hill Drive Livermore CA 945517623 Martha Sutton Treasurer & Chair Elect 2.00 X X 0 0 0 Stephanie Beasly Chair 2.00 X X 0 0 0 Roanna Bennie Secretary 2.00 X X 0 0 0 Lori Souza Vice Chair, Events 2.00 X X 0 0 0 Eduardo Salaz Director 2.00 X 0 0 0 Jim Ott Vice President, Board Develop. 2.00 X X 0 0 0 Jim Bono Director 1.00 X 0 0 0 Ralph Kokka Director 1.00 X 0 0 0 Lynn Seppala Immediate Past Chair 1.00 X X 0 0 0 Donald Lancaster Director 1.00 X 0 0 0 Kareen Knowles Director 1.00 X 0 0 0 Amrita Natt Director 1.00 X 0 0 0 Kenneth Cooper Executive Director 40.00 X 93841 46400 0 93841 46400 0 0 0 0 0 0 125848 6844684 21622 6970532 Textbook loan fees 611710 5391 5391 5391 70034 70034 33365 125848 40864 -7499 -7499 7038458 5391 0 62535 249745 249745 66729 13346 23355 30028 27112 785 26327 21945 2930 12423 6592 42858 42858 30497 29697 800 17079 10867 6212 50914 46631 1054 3229 18270 8325 9945 19963 19439 524 7125 6418 74 633 700 700 Events 41138 41138 Other expenses 13796 6339 6421 1036 Bank charges 5806 119 688 4999 Taxes and licenses 100 75 25 613777 435779 124444 53554 44225 160887 1524426 8230483 190000 100250 1948 1948 1760599 8493568 117660 162623 117660 162623 X -31052 68744 1372438 1110648 301553 7151553 1642939 8330945 1760599 8493568 6424681 263325 0 X X 0 1 X 1 0 X 503957 927947 495341 942437 6982033 9851715 503957 927947 495341 942437 6982033 9851715 290428 9561287 24607 24169 34054 38890 86094 207814 13678 5391 19069 10078598 0.94870 0.78160 X Schedule A, Part VI, List of Unusual Grants: Description: See part VI Date: 12/16/16 Amount: 1500000. Description: See part VI Date: 03/01/17 Amount: 4300000. Description: See part VI Date: 03/09/17 Amount: 600000. Schedule A - Unusual Grants A bequest was received from the Mertes Family Trust in 2016. However, the full amount of the bequest was not measureable and could not be recorded during the previous tax year. Subsequently, the organization received a total of $6,850,000, with the initial $450,000 deposited in May 2016 and the remaining $6,400,000 in December 2016 and May 2017. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 314369 6850000 -12816 7151553 335494 4251 -25376 314369 344025 4491 -13022 335494 306425 4318 33282 344025 289741 16684 306425 1 0 0 X 7354147 263325 11500 40864 315689 7038458 0 7038458 666141 11500 40864 52364 613777 0 613777 Part V, Line 4: The Foundation participates in the California Community Colleges Scholarship Program through the Foundation for California Community Colleges (FCCC). This program challenged community colleges and their related foundations to raise additional contributions to be designated as part of a permanent endowment for the FCCC's Osher Scholarship Endowment. Part X, Line 2: Each year managment considers whether any material tax position the Foundation has taken is more likely than not to be sustained upon examination by the applicable taxing authority. Management believes that any positions the Foundation had taken are supported by substantial authority and, hence, do not need to be measured or disclosed in the finanical statments. Part XI, Line 2d - Other Adjustments: Direct Fundraising Expenses Part XII, Line 2d - Other Adjustments: Direct Fundraising Expenses Sch D, Page 4, Part XI, Ln 2d Direct fundraising expenses are deducted directly from fundraising gross income on Form 990, Page 9, Part VIII Statement of Revenue (see ln 8b). Sch D, Page 4, Part XII, Ln 2d Direct fundraising expenses are deducted directly from fundraising gross income on Form 990, Page 9, Part VIII Statement of Revenue (see ln 8b) and thus are not part of total expenses shown on this tax return. Best of the Best Gala 105789 86719 19070 5716 13469 CV4 53424 39129 14295 13884 7795 159213 125848 33365 19600 21264 40864 -7499 1 Faculty Grants 2 8049 Student Scholarships 202 241696 Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the finance committee and the treasurer and submitted to the board for approval prior to being filed. Form 990, Part VI, Section B, line 12c The conflict of interest code is updated by each board member on an annual basis. Form 990, Part VI, Section B, line 15 Management is paid on a scale in line with that of the college salary scale. Salaries are determined by the college and approved by the board. Actual payroll is paid through the college and the organization reimburses the college for salary expenses. As a result, no W-2s were issued by the Foundation. Form 990, Part VI, Section C, line 19 All governing documents, conflict of interest policy, financial statements and the Form 990 are available at the Organization's offices upon request. Form 990, Part XII, Line 2c: The organization has an audit committee that oversees the audit and the work of the independent auditors. Las Posita College 3000 Campus Hill Drive Livermore CA 94551 941670563 CA School 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0