2017-12-05T09:16:39-06:00 2017-03-31 591818353 KAUFMAN ROSSIN & CO PA 2699 S BAYSHORE DRIVE MIAMI FL 33133 990 2016-04-01 596169745 MIAMI DADE COLLEGE FOUNDATION INC MIAM 3052373240 300 NE 2ND AVENUE NO 1423-1 MIAMI FL 33132 E H LEVERING VP-ADVANCEMENT, EXECUTIVE DIRECTOR 3052372389 2017-12-04 1 STEVEN BERWICK CPA P00181486 3058585600 2017-12-04 209.236.133.1 2017-12-04 09:19:01 ES P 552FB97274B2FEEA529BCF51084921CBA533AA45 6ECAA537EE2FD31A818E608C5E0796695A4D8E67 2016 2017-02-10 21:41:12Z MARK COLE 300 NE 2ND AVENUE NO 1423-1 MIAMI FL 33132 61158892 0 X MDCFOUNDATION.COM X 1996 FL TO PROVIDE DIRECT SUPPORT TO MIAMI DADE COLLEGE. 14 14 17 140 -7658 -7658 10496048 13462094 54462 26163 6225047 5618644 281956 225457 17057513 19332358 6199849 5192242 0 0 1438662 1523852 0 0 56214 8608919 6532869 16247430 13248963 810083 6083395 143723152 146950870 23959638 13529353 119763514 133421517 X SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION STATEMENT:MIAMI DADE COLLEGE FOUNDATION, INC IS A FLORIDA NOT-FOR-PROFIT CORPORATION FORMED TO SERVE AS A DIRECT-SUPPORT ORGANIZATION, AS DEFINED IN SECTION 1004.70 OF THE FLORIDA STATUTES, OF MIAMI DADE COLLEGE, WHICH IS LEGALLY SEPARATE BUT FINANCIALLY ACCOUNTABLE TO THE COLLEGE. THE FOUNDATION WAS ORGANIZED AND OPERATES EXCLUSIVELY TO RECEIVE, HOLD, INVEST, AND ADMINISTER PROPERTY AND TO MAKE EXPENDITURES TO, OR FOR THE BENEFIT OF THE COLLEGE INCLUDING EDUCATIONAL AND CULTURAL EVENTS. 0 0 5192242 5192242 4700 THE FOUNDATION IS THE DIRECT SUPPORT ORGANIZATION FOR MIAMI DADE COLLEGE, THE LARGEST COLLEGE IN THE COUNTRY. STUDENTS CAN PURSUE DEGREES ON THE COLLEGE'S EIGHT CAMPUSES AND OTHER OUTREACH CENTERS IN MIAMI. A MAJORITY OF THE STUDENTS ARE CONSIDERED LOW INCOME AND LIVE BELOW THE FEDERAL POVERTY LEVEL. THE "OPPORTUNITY CHANGES EVERYTHING" PHILOSOPHY SUPPORTS GIVING SCHOLARSHIPS TO STUDENTS TO IMPROVE THEIR LIVES THROUGH EDUCATION. THE FOUNDATION AWARDED NUMEROUS SCHOLARSHIPS DURING THE CURRENT YEAR, WITH A VAST MAJORITY TO STUDENTS ATTENDING MIAMI DADE COLLEGE. THE REMAINING SCHOLARSHIPS WERE AWARDED TO GRADUATES OF MDC FOR FURTHER STUDIES AT OTHER COLLEGES AND UNIVERSITIES. 5164779 21463 THE LARGEST PROGRAM AREA IS GENERAL PROGRAM SUPPORT FOR MIAMI DADE COLLEGE. SUPPORT FOR THE COLLEGE'S SCHOOL OF NURSING, FOR EXAMPLE IS HELPING ALLEVIATE THE CRITIAL SHORTAGE OF NURSING PROFESSIONALS. THIS INCLUDES BOTH DIRECT PAYMENT OF EXPENSES ON BEHALF OF THE COLLEGE AND REIMBURSEMENT OF EXPENSES PAID BY THE COLLEGE. THE ORGANIZATION ALSO PROVIDES SUPPORT FOR THE MIAMI INTERNATIONAL FILM FESTIVAL WHICH IS HELD BY THE COLLEGE. THE FESTIVAL PRESENTS THE BEST OF EMERGING AND ESTABLISHED FILM TO THE LOCAL AND INTERNATIONAL COMMUNITY WITHIN AN EDUCATIONAL FRAMEWORK. 10357021 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 122 0 17 1 1 1 0 0 0 0 1 1 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 FL X LISA L MARION CPA 3052373222 300 NE 2ND AVENUE RM 1427 MIAMI FL 33132 X JULIE GRIMES CHAIRMAN 2.00 X X 0 0 0 JORGE A PLASENCIA VICE CHAIRMAN 2.00 X X 0 0 0 AUGUSTO GIL TREASURER 2.00 X X 0 0 0 BEATRICE LOUISSAINT SECRETARY 2.00 X X 0 0 0 DAVID M ARDITI BOARD MEMBER 2.00 X 0 0 0 SHELDON ANDERSON BOARD MEMBER 2.00 X 0 0 0 JESUS ERNIE DIAZ BOARD MEMBER 2.00 X 0 0 0 MIGUEL G FARRA BOARD MEMBER 2.00 X 0 0 0 ARTHUR J FURIA BOARD MEMBER 2.00 X 0 0 0 EDUARDO J PADRON BOARD MEMBER 2.00 X 0 0 0 LENORE RODICIO BOARD MEMBER 2.00 X 0 0 0 ALFREDO SALAS BOARD MEMBER 2.00 X 0 0 0 PENNY SHAFFER BOARD MEMBER 2.00 X 0 0 0 ALEXANDA VILLOCH BOARD MEMBER 2.00 X 0 0 0 LOUIS WOLFSON III BOARD MEMBER 2.00 X 0 0 0 MARK COLE EXECUTIVE DIRECTOR 40.00 X 178218 0 23061 NAIROBI ABRAMS DIRECTOR OF ALUMNI GIVING/ 40.00 X 128025 0 19047 LISA MARION DIRECTOR OF FINANCE 40.00 X 111113 0 8554 417356 0 50662 3 0 1 0 HESI DIVISION OF ELSEVIER INC 245 PEACHTREE CENTER AVENUE SUITE ATLANTA GA 30303 NURSING TUTORING PACKAGE 164186 HARRIS TRAVEL SERVICE INC 5884 SUNSET DRVIVE MIAMI FL 33143 TRAVEL SERVICES 120000 2 1918138 11543956 13462094 MEMBERSHIP FEES 900099 21463 21463 TUITION AND AWARDS 900099 4700 4700 26163 1473087 1473087 45792320 41646763 4145557 4145557 4145557 166678 1918138 179771 -13093 -13093 MISCELLANEOUS 900099 186621 186621 OTHER INVESTMENT INCOME 900099 59587 59587 PARTNERSHIP INCOME 900099 -7658 -7658 238550 19332358 26163 -7658 5851759 5192242 5192242 200522 200522 1021520 1021520 60246 60246 170570 170570 70994 70994 11394 11394 56500 56500 3500 3500 457328 457328 1165837 864272 296695 4870 186009 91412 70821 23776 303633 60074 217687 25872 59776 59776 194895 184792 10103 113134 103976 9158 38488 38488 9446 9446 DIRECT PROGRAM SUPPORT 3085889 3078748 6525 616 ACTIVITIES & EVENTS 472939 405101 67838 AWARDS & RECOGNITIONS 279597 278400 117 1080 BAD DEBT EXPENSE 83154 83154 11350 11350 13248963 10357021 2835728 56214 2570698 5220994 7214065 5372187 549547 593813 379283 88260 88260 0 0 74415296 88909276 58658157 46475317 315389 143723152 146950870 3827968 8808338 1000000 19131670 4721015 23959638 13529353 X 4495040 4704468 67080652 78088408 48187822 50628641 119763514 133421517 143723152 146950870 6083395 7574608 0 X X 0 1 X 1 0 X 9199618 3943293 12227750 9811116 13462094 48643871 9199618 3943293 12227750 9811116 13462094 48643871 20223045 28420826 1896039 1419078 1393974 1176794 1473087 7358972 -1609 -194 2233 -1418 -7658 -8646 90677 69242 85888 184071 238550 668428 56662625 904739 0.50160 0.47420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 7000 7000 13241963 13248963 812448 203112 0 0 922659 835107 964208 812448 3534422 5301633 357000 7000 364000 230665 208777 241052 203112 883606 1325409 77828843 2440819 12735924 3330722 2292375 87382489 93075590 275338 -7831853 5468930 2221302 77828843 93374236 1279109 6341498 5866636 2052617 93075590 88609326 15058396 8371454 1922032 93374236 87658315 261298 9782580 9092867 88609326 0 0 88260 88260 0 0 HEDGE FUNDS OF FUNDS 26436335 F PRIVATE EQUITY FUND 1564246 F SHORT TERM INVESTMENTS 6205443 F STATE GOVERNMENT INVESTMENT POOLS 5690015 F SECURITIES LENDING INVESTED COLLATERAL 4721015 F REAL ESTATE FUND 1858263 C 46475317 SECURITIES LENDING PAYABLE 4721015 4721015 X 26729832 7574608 100423 179771 7854802 18875030 457328 457328 19332358 13071829 100423 179771 280194 12791635 457328 457328 13248963 PART X, LINE 2: FIN 48 FOOTNOTE TO FINANCIAL STATEMENTS: THE FOUNDATION ASSESSES ITS TAX POSITION IN ACCORDANCE WITH "ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES" AS PRESCRIBED BY THE ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN FOR OPEN TAX YEARS (GENERALLY A PERIOD OF THREE YEARS FROM THE LATER OF EACH RETURN'S DUE DATE OR THE DATE FILED) THAT REMAIN SUBJECT TO EXAMINATION BY THE FOUNDATION'S MAJOR TAX JURISDICTIONS. GENERALLY, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY ITS MAJOR TAXING AUTHORITIES FOR YEARS BEFORE MARCH 31, 2013. THE FOUNDATION ASSESSES ITS TAX POSITIONS AND DETERMINES WHETHER IT HAS MATERIAL UNRECOGNIZED LIABILITIES FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION RECORDS THESE LIABILITIES TO THE EXTENT THAT IT DEEMS THEM MORE LIKELY THAN NOT TO BE INCURRED. INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, WOULD BE CLASSIFIED AS A COMPONENT OF INCOME TAX EXPENSE. THE FOUNDATION BELIEVES THAT IT DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION OR MEASUREMENT IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FOR SPECIAL EVENTS REPORTED ON PAGE 9, LINE 8B 179,771. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FOR SPECIAL EVENTS REPORTED ON PAGE 9, LINE 8B 179,771. HALL OF FAME GALA 2075638 1918138 157500 55475 112806 5515 NWSA GALA 9178 9178 5975 2084816 1918138 166678 55475 112806 11490 179771 -13093 0 SCHOLARSHIPS AND STUDENT AID 5075 5192242 0 0 0 0 0 0 0 0 0 MARK COLE EXECUTIVE DIRECTOR 178218 0 0 0 0 0 13177 0 9884 0 201279 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FULL BOARD REVIEWS AND ACCEPTS THE AUDITED FINANCIAL STATEMENTS WHICH FORM THE BASIS OF THE RETURN. THE FINANCE DIRECTOR REVIEWS A DRAFT OF THE FORM 990 PROVIDED BY THE TAX RETURN PREPARER. THE FINANCE DIRECTOR THEN WORKS WITH THE PREPARER TO FINALIZE THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE SECRETARY OF THE BOARD OF TRUSTEES REVIEWS ANNUAL DISCLOSURE STATEMENTS TO DETERMINE WHETHER A MATERIAL FINANCIAL INTEREST HAS BEEN DISCLOSED. IF A MATERIAL FINANCIAL INTEREST HAS BEEN DISCLOSED, THE SECRETARY PROMPTLY SUBMITS TO THE CHAIR OF THE BOARD AUDIT COMMITTEE, OR, IF THE INTERESTS INVOLVE THE CHAIR OF THE AUDIT COMMITTEE, ANOTHER MEMBER OF THE AUDIT COMMITTEE, SUCH DISCLOSURE FORMS TOGETHER WITH ANY ADDITIONAL INFORMATION ABOUT THE CURRENT OR PROPOSED TRANSACTION OR BUSINESS RELATIONSHIP THAT MAY GIVE RISE TO A CONFLICT OF INTEREST THAT THE SECRETARY IN CONSULTATION WITH THE AUDIT COMMITTEE BELIEVES MAY BE INFORMATIVE. FORM 990, PART VI, SECTION B, LINE 15 HUMAN RESOURCES FOR MIAMI DADE COLLEGE IS RESPONSIBLE FOR RECOMMENDING THE STARTING SALARY OF AN EMPLOYEE TO THE COLLEGE PRESIDENT OR DESIGNEE FOR FINAL APPROVAL. THE COLLEGE'S SALARY ADMINISTRATION POLICY ESTABLISHES COMPENSATION PRACTICES AND GUIDELINES THAT ARE FAIR, EQUITABLE AND CONSISTENT WITH ANY FEDERAL, STATE OR LOCAL LAWS AND REGULATORY STATUTES. THE COMPENSATION DEPARTMENT IN HUMAN RESOURCES IS RESPONSIBLE FOR REVIEWING AND MAINTAINING JOB DESCRIPTIONS FOR FULL-TIME AND PART-TIME POSITIONS, CLASSIFICATION OF NEW POSITIONS, AND RECLASSIFICATION REVIEWS FOR CURRENT EMPLOYEES. OTHER RESPONSIBILITIES INCLUDE PREPARING SALARY SURVEYS (LOCAL, STATE AND FEDERAL) ANNUAL REVIEW/MAINTENANCE OF SALARY SCHEDULE, INCLUDING JOB CODES AND SALARY RANGES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST BY E-MAIL OR REGULAR MAIL. FORM 990, PART XI, LINE 2C: THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR TO THE PROCESS RELATED TO AUDIT OVERSIGHT AND SELECTION OF THE INDEPENDENT ACCOUNTANT FOR THE ORGANIZATION. MIAMI DADE COLLEGE 300 NE 2ND AVENUE MIAMI FL 33132 COLLEGE EDUCATION FL 501(C)(3) 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0