2017-04-06T15:10:22-05:00 2016-06-30 450250958 EIDE BAILLY LLP 877 W MAIN ST STE 800 BOISE ID 83702 990 2015-07-01 237052989 TREASURE VALLEY COMMUNITY COLLEGE FOUNDATION TREA 5418815585 650 COLLEGE BLVD ONTARIO OR 97914 KEVIN KIMBALL FINANCIAL MANAGER 5418815585 2017-03-29 KIM HUNWARDSEN CPA P00484560 2083447150 2017-03-29 2015 2021-01-29 14:40:06Z CATHY YASUDA 650 COLLEGE BLVD ONTARIO OR 97914 2133973 0 X WWW.TVCC.CC/ABOUT/FOUNDATION X 1962 OR CREATING SCHOLARSHIPS AND ENHANCING THE ENVIRONMENT FOR STUDENT LIFE AND ACTIVITIES. 21 21 0 25 0 0 523129 678064 0 0 313388 270646 5956 10407 842473 959117 771889 451133 0 0 0 0 0 0 0 172626 166438 944515 617571 -102042 341546 5429666 5422479 152249 150 5277417 5422329 TO IMPROVE THE QUALITY OF LIFE FOR TVCC STUDENTS BY CREATING SCHOLARSHIPS AND ENHANCING THE ENVIRONMENT FOR STUDENT LIFE AND ACTIVITIES. 0 0 259520 259520 THE TVCC FOUNDATION AWARDED A TOTAL OF 170 SCHOLARSHIPS FOR THE 2016 ACADEMIC YEAR THAT PROVIDED MUCH NEEDED FINANCIAL ASSISTANCE TO OUR STUDENTS. NEARLY 75% OF OUR STUDENTS REQUIRE SOME KIND OF FINANCIAL ASSISTANCE IN ORDER TO ATTEND COLLEGE. WITHOUT THESE SCHOLARSHIPS, MANY OF OUR STUDENTS WOULDN'T HAVE THE FINANCIAL MEANS TO PURSUE THEIR EDUCATIONAL GOALS. OUR SCHOLARSHIP PROGRAM IS THE CORNERSTONE OF THE FOUNDATION WHOSE MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR TVCC STUDENTS BY CREATING SCHOLARSHIPS AND ENHANCING THE ENVIRONMENT FOR STUDENT LIFE AND ACTIVITIES. 191613 191613 THE FOUNDATION IS THE SUPPORTING ARM OF THE INSTITUTION. FOR OVER 50 YEARS WE HAVE BEEN WORKING HAND-IN-HAND WITH THE COLLEGE AND THE COMMUNITY TO PROVIDE FUNDS THAT WILL MAKE A DIFFERENCE IN THE LIVES OF STUDENTS THROUGH SCHOLARSHIPS, EMERGENCY ASSISTANCE AND OTHER UNMET NEEDS. BY GENERATING AND MANAGING PRIVATE RESOURCES, THE FOUNDATION NOT ONLY CREATES ACCESS TO EDUCATION, BUT HELPS MAKE THAT EXPERIENCE THE BEST IT CAN BE BY SUPPORTING INSTRUCTION, STUDENT SERVICES AND CAPITAL IMPROVEMENTS TO THE INSTITUTION. 451133 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 1 1 1 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 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OR X SHIRLEY HAIDLE 5418815842 650 COLLEGE BLVD ONTARIO OR 97914 X DONNA JONES CHAIRPERSON 1.50 X X 0 0 0 BOB KEMBLE VICE-CHAIRPERSON 1.50 X X 0 0 0 GARY HALCOM BOARD PAST CHAIR 1.50 X X 0 0 0 DEBBIE BLACKABY SECRETARY 1.50 X X 0 0 0 RITA LEWIS TREASURER 1.50 X X 0 0 0 JUDY CORDENIZ BOARD MEMBER AT LARGE 1.50 X X 0 0 0 BILL CARTER BOARD MEMBER AT LARGE 1.50 X X 0 0 0 EVELYN DAME BOARD MEMBER 1.00 X 0 0 0 JOHN FORSYTHE BOARD MEMBER 0.80 X 0 0 0 KAREN KOSOWAN BOARD MEMBER 0.80 X 0 0 0 RON KULM BOARD MEMBER 0.80 X 0 0 0 ARWYN LARSON BOARD MEMBER 0.80 X 0 0 0 PETER LAWSON BOARD MEMBER 0.80 X 0 0 0 CLIFF LOONEY BOARD MEMBER 0.80 X 0 0 0 BARBARA OLSON BOARD MEMBER 0.80 X 0 0 0 KAREN RILEY BOARD MEMBER 0.80 X 0 0 0 LARRY ROBB BOARD MEMBER 0.80 X 0 0 0 PRUDI SHERMAN BOARD MEMBER 1.00 X 0 0 0 JIM THOMSSEN BOARD MEMBER 0.80 X 0 0 0 JULIE VAN MATRE BOARD MEMBER 0.80 X 0 0 0 JUDGE FRANK YRAGUEN BOARD MEMBER 0.80 X 0 0 0 JESSICA YORK UNTIL JUNE 2016 BOARD MEMBER 2.00 X 0 0 0 CATHY YASUDA EXECUTIVE DIRECTOR 30.00 X 0 0 0 KEVIN KIMBALL FINANCIAL MANAGER/TREASURER 5.00 X 0 0 0 RANDY R GRIFFIN THRU 112015 FINANCIAL MANAGER/TREASURER 5.00 X 0 0 0 0 0 0 0 0 0 1 0 18000 10960 649104 50505 678064 134060 134060 1300454 1163868 136586 136586 136586 21395 10960 10988 10407 10407 959117 0 0 281053 191613 191613 259520 259520 57230 57230 57137 57137 1514 1514 20793 20793 REPAIRS AND MAINTENANCE 20000 20000 CATERING 9354 9354 410 410 617571 451133 166438 0 333194 252346 632839 13264 4844126 4776376 5429666 5422479 152249 150 152249 150 X 728680 724134 1439845 1412340 3108892 3285855 5277417 5422329 5429666 5422479 341546 -196634 0 X 0 1 X 1 0 X 1106362 399769 609257 523129 678064 3316581 111706 121733 127935 140231 144133 645738 1218068 521502 737192 663360 822197 3962319 408228 3554091 83642 87986 104321 117579 134060 527588 4489907 88080 0.79160 0.80040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4119421 751970 74012 139550 56719 4749134 3901503 159728 149234 91044 4119421 3155900 108933 713427 76757 3901503 3275992 182341 349844 652277 3155900 3034022 195036 73582 26648 3275992 0.10800 0.20010 0.69190 0 0 0 X 917604 -196634 144133 -52501 970105 -10988 -10988 959117 772692 144133 10988 155121 617571 0 617571 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 100 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT CONSISTS OF DONOR-RESTRICTED ENDOWMENT FUNDS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED UPON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS AN OREGON NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE FOUNDATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FOUNDATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. THE FOUNDATION HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES WERE INCURRED. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED IN REVENUE FOR TAX PURPOSES -10,988. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED IN REVENUE FOR TAX PURPOSES 10,988. GALA 32355 10960 21395 500 1234 9254 32355 10960 21395 500 1234 9254 10988 10407 1 TREASURE VALLEY COMMUNITY COLLEGE 650 COLLEGE BLVD ONTARIO OR 97914 930507187 STATE OF OREGON 191613 ACADEMIC SUPPORT AND SCIENCE CENTER FUNDING 1 0 SCHOLARSHIP GRANTS TO TREASURE VALLEY COMMUNITY COLLEGE STUDENTS TO COVER TUITION AND FEES 170 259520 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED THROUGH THE CONTROLS OF TREASURE VALLEY COMMUNITY COLLEGE'S (TVCC) FINANCIAL AID DEPARTMENT; THIS METHOD ENSURES THE STUDENT'S ENROLLMENT AND THE ULTIMATE DISBURSEMENT OF FUNDS. TREASURE VALLEY COMMUNITY COLLEGE DISPERSES FUNDS TO STUDENT ACCOUNTS AT TVCC; THESE FUNDS ARE USED PRIMARILY TO PAY STUDENT TUITION AND FEES FOR COURSEWORK AT TVCC. EXCESS FUNDS ARE DISPERSED TO STUDENTS ONCE THEIR PARTICIPATION IN COURSEWORK IS CONFIRMED. SCHOLARSHIP FUNDS DISPERSED TO STUDENTS GO THROUGH A FORMALIZED REVIEW AND AWARD PROCESS THAT IS COORDINATED BY THE FOUNDATION SCHOLARSHIP COMMITTEE. EMERGENCY FUNDS ARE ADMINISTERED ON A CASE-BY-CASE BASIS BY THE FOUNDATION EXECUTIVE DIRECTOR. ANY OTHER UNRESTRICTED FUNDING FOR SPECIAL PROJECTS ARE APPROVED BY THE FOUNDATION BOARD. THE PURPOSE OF THE FOUNDATION IS TO SUPPORT THE COLLEGE AND THE COMMUNITY TO PROVIDE FUNDS THAT WILL MAKE A DIFFERENCE IN THE LIVES OF STUDENTS THROUGH SCHOLARSHIPS, EMERGENCY ASSISTANCE AND OTHER UNMET NEEDS. GRANTS TO THE COLLEGE FULFILLS THE EXEMPT PURPOSE OF THE FOUNDATION. THE FOUNDATION BOARD WORK CLOSELY WITH THE BOARD OF EDUCATION AND THE COLLEGE COMMUNITY TO ENHANCE THE QUALITY OF LIFE FOR THE STUDENTS WE SERVE. 0 0 0 0 0 0 0 0 0 FORM 990, SCHEDULE J, COMPENSATION FROM UNRELATED ORGANIZATION: THE SALARIES OF CATHY YASUDA, EXECUTIVE DIRECTOR, KEVIN KIMBALL, CURRENT FINANCIAL MANAGER/TREASURER AND RANDY GRIFFIN, FINANCIAL MANAGER/TREASURER UNTIL NOVEMBER 2015, WERE DONATED BY TREASURE VALLEY COMMUNITY COLLEGE IN THE AMOUNT OF $131,569. THIS IS CONSIDERED AN IN-KIND CONTRIBUTION AND IS NOT SHOWN AS A REVENUE OR EXPENSE ON THE FORM 990. X MATERIALS AND SUPPLIES 1 50505 FMV AT DONATION DATE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS CONSISTS OF SEVEN ACTIVE DIRECTORS INCLUDING THE CHAIRPERSON, VICE-CHAIRPERSON, SECRETARY AND TREASURER. A QUORUM CONSISTS OF A MAJORITY OF THE ACTIVE DIRECTORS ON THE COMMITTEE. AN AFFIRMATIVE VOTE OF A MAJORITY OF THE ACTIVE DIRECTORS ON THE COMMITTEE IS NECESSARY FOR THE COMMITTEE TO TAKE ACTION. THE EXECUTIVE COMMITTEE EXERCISES ALL THE POWERS AND DUTIES OF THE BOARD OF DIRECTORS DURING THE INTERIM BETWEEN BOARD MEETINGS. ALL ACTIONS OF THE EXECUTIVE COMMITTEE ARE REPORTED TO THE BOARD OF DIRECTORS AT THE NEXT SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE. DEPENDING ON THE TIMING, THIS COPY IS EITHER PROVIDED AT THEIR MONTHLY MEETING OR ELECTRONICALLY VIA EMAIL TO EACH DIRECTOR. THEY ARE ENCOURAGED TO DIRECT ANY QUESTIONS OR CONCERNS REGARDING THE 990 TO THE VP OF ADMINISTRATIVE SERVICES OR THE CFO OF TREASURE VALLEY COMMUNITY COLLEGE. IN ADDITION, ONCE THE ANNUAL AUDIT HAS BEEN PREPARED BY THE EXTERNAL AUDITORS, THAT INFORMATION IS ALSO REVIEWED AND PROVIDED TO THE FOUNDATION BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY AND ASKS ALL BOARD MEMBERS TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. COPIES OF CONFLICT OF INTEREST STATEMENTS SIGNED BY INDIVIDUAL BOARD MEMBERS ARE KEPT IN THE FOUNDATION OFFICES FOR REVIEW IF NEEDED. BOARD MEMBERS RECUSE THEMSELVES FROM VOTING ON ANY BUSINESS THAT THEY ARE INVOLVED IN THAT MAY BE IN CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY EMPLOYEES OR STAFF. ALL FOUNDATION STAFF ARE PAID DIRECTLY BY TREASURE VALLEY COMMUNITY COLLEGE. THE COLLEGE PERFORMS A COMPENSATION STUDY TO ASCERTAIN THE SALARIES OF CURRENT TREASURE VALLEY COMMUNITY COLLEGE STAFF IN RELATION TO THEIR COUNTERPARTS AT OTHER SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.