2018-02-05T13:37:26-06:00 2017-06-30 310800053 CLARK SCHAEFER HACKETT & CO 14 East Main Street Suite 500 Springfield OH 45502 990 2016-07-01 201625785 Owens Community College Foundation OWEN 5676617641 PO Box 10000 Toledo OH 436991947 Jennifer Fehnrich Foundation Executive Director 5376617641 2018-01-08 1 Jesse Young P01236247 9373992000 2018-01-08 70.61.45.114 2018-01-08 16:12:50 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C2F47ED791055C5DDCDF6A32451FD928BA2C2B7F 2016 2021-01-29 14:40:06Z Jennifer Fehnrich PO Box 10000 Toledo OH 436991947 653513 0 X www.owens.edu X 2003 OH THE MISSION OF THE OWENS COMMUNITY COLLEGE FOUNDATION IS TO DEVELOP AND PROVIDE RESOURCES TO ADVANCE THE COLLEGE'S MISSION OF SERVING OUR STUDENTS AND OUR COMMUNITY. THE OWENS COMMUNITY COLLEGE FOUNDATION RAISES FUNDS FOR STUDENT SCHOLARSHIPS AND TUITION ASSISTANCE AS WELL AS OWENS COMMUNITY COLLEGE ACADEMIC AND STUDENT SERVICE PROGRAMS. 22 22 0 0 0 0 491792 325731 0 0 120650 92552 0 0 612442 418283 482253 210974 0 0 0 0 0 0 11996 53392 49841 535645 260815 76797 157468 3517943 3975353 83541 88683 3434402 3886670 The mission of the Owens Community College Foundation is to develop and provide resources to advance the college's mission of serving our students and our community. We invest in your success. 0 0 153770 153770 The Foundation awarded 214 scholarships to students to cover tuition, fees, and other educational expenses to attend Owens Community College. 57204 57204 THE FOUNDATION PROVIDES FUNDING TO VARIOUS COLLEGE DEPARTMENTS AND PROGRAMS FOR EQUIPMENT, SUPPLIES, ADVERTISING, SPECIAL EVENTS, AND ANY OTHER SUPPORT THAT CANNOT BE SUPPLIED BY THE COLLEGE BUDGET. 210974 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Patricia Smith 5676617641 PO Box 10000 Toledo OH 436991947 X Philip j rudolph chairman 2.00 X X 0 0 0 diana h talmage vice chairman 2.00 X X 0 0 0 matthew j mishler secretary 2.00 X X 0 0 0 david j mcmacken treasurer 2.00 X X 0 0 0 l michael bower director-at-large 0.50 X 0 0 0 charles brown director-at-large 0.50 X 0 0 0 james f carter director-at-large 0.50 X 0 0 0 walter j celley director-at-large 0.50 X 0 0 0 michael e duffey director-at-large 0.50 X 0 0 0 james h geers director-at-large 0.50 X 0 0 0 andrea m gurcsik director-at-large 0.50 X 0 0 0 thomas l hosler director-at-large 0.50 X 0 0 0 Jeanne y hylant director-at-large 0.50 X 0 0 0 lawrence jones director-at-large 0.50 X 0 0 0 daniel e kimmet director-at-large 0.50 X 0 0 0 allan j libbe director-at-large 0.50 X 0 0 0 ronald w matter director-at-large 0.50 X 0 0 0 ronald a mcmaster board of trustees designee 0.50 X 0 0 0 thomas f pounds director-at-large 0.50 X 0 0 0 alan m sattler director-at-large 0.50 X 0 0 0 arthur h smith director-at-large 0.50 X 0 0 0 david l whikehart director-at-large 0.50 X 0 0 0 jennifer l Fehnrich executive director 40.00 X 0 0 0 0 0 0 0 0 0 0 0 325731 5000 325731 82044 82044 245738 235230 10508 10508 10508 418283 10508 0 82044 57204 57204 153770 153770 150 150 8404 8404 10194 10194 4931 4931 155 155 3398 3398 Cultivation / Public Re 11638 11638 Maintenance Agreements 5500 5500 Food service 4853 4853 Donor expense 358 358 260 260 260815 210974 37845 11996 281298 373488 73804 45797 3162841 3556068 3517943 3975353 28616 22450 54925 66233 83541 88683 X 231979 371370 1188797 1426374 2013626 2088926 3434402 3886670 3517943 3975353 157468 294800 0 X 0 1 X 0 0 X 724542 490956 317337 491792 325731 2350358 724542 490956 317337 491792 325731 2350358 65386 2284972 64574 59832 78015 85502 82044 369967 2720325 0.84000 0.86660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2640561 77258 303480 80562 24504 9685 2906548 2645455 192476 -82657 76465 28750 9498 2640561 2550093 109050 82211 67907 20290 7702 2645455 2168368 78722 372533 44957 17083 7490 2550093 1843776 167356 220742 43837 13366 6303 2168368 0.00790 0.71870 0.27340 1 0 0 Funds in custody 66233 66233 X 702889 294800 294800 408089 10194 10194 418283 250621 0 250621 10194 10194 260815 Part V, Line 4: To provide scholarships for students of Owens Community College, and to provide program assistance to the college's departments. Part X, Line 2: The Internal Revenue Service, in a letter dated September 29, 1997 and again on September 22, 2004, determined that the Foundation was exempt from federal income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS or other applicable taxing authorities. Management has analyzed the tax positions taken by the Foundation and has concluded that as of June 30, 2017 and 2016, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. 1 Owens State Community College PO Box 10000 Toledo OH 436991947 341059164 Section 115 52204 5000 FMV VEHICLES Program and capital support Program support Scholarships 214 153770 Part I, Line 2: The Owens Community College Foundation solicits applications from students and the financial aid office provides relevant information, including financial need, for each applicant. A scholarship committee consisting of staff members of Owens Community College is appointed by the Foundation's executive director to review the applications and select the award recipients based on the criteria that is set forth for the various scholarship funds. These criteria include such things as financial need, grade point average, and area of study. X 1 5000 FMV 0 1 0 Form 990, Part VI, Section B, line 11b The Form 990 is provided to the board of directors prior to filing. Form 990, Part VI, Section B, line 12c The board members complete and sign an annual conflict of interest questionnaire disclosing potential conflicts. Conflicts of interest are monitored and enforced through the Owens Community College Foundation committee on governance. The Foundation has a policy on conflicts of interest. Each year board members are required to complete a director questionnaire disclosing any potential conflicts. Should a conflict arise, the board member having the conflict of interest will be required to refrain from participaing in the discussion, consideration of, and voting on any matter related to the applicable conflict. Form 990, Part VI, Section C, line 19 Documents are available upon request. The governing documents and financial statements are available on the organization's website.