2017-03-06T17:15:43-06:00 2016-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 908010087 990 2015-07-01 956070198 LONG BEACH ROTARY SCHOLARSHIP FOUNDATION LONG 5629994718 1119 QUEENS HIGHWAY NO 103 LONG BEACH CA 908026390 MARK CURTIS CFO 5629994718 2017-02-25 1 DONITA M JOSEPH P00286656 5624351191 2017-02-23 2015 2021-01-29 14:40:06Z LETTY TOTAH 1119 QUEENS HIGHWAY NO 103 LONG BEACH CA 908026390 2339462 0 X WWW.LBRSF.ORG X 1963 CA PROVIDE SCHOLARSHIP AWARDS TO COLLEGE STUDENTS. 17 16 0 17 0 0 131980 122500 0 0 474092 820142 106293 107604 712365 1050246 341600 358443 0 0 23041 29484 0 0 0 65469 60151 430110 448078 282255 602168 8531108 8530314 13680 13680 8517428 8516634 TO PROVIDE FINANCIAL ASSISTANCE FOR ACHIEVING STUDENTS WHO MEET ELIGIBILITY REQUIREMENTS AND ATTEND LONG BEACH CITY COLLEGE OR CALIFORNIA STATE UNIVERSITY LONG BEACH. 0 0 358443 358443 THE FOUNDATION PROVIDES FUNDS FOR SCHOLARSHIPS AND GRANTS-IN-AID TO STUDENTS ENROLLED IN A COURSE OF EDUCATION AT CALIFORNIA STATE UNIVERSITY, LONG BEACH AND LONG BEACH CITY COLLEGE. 358443 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 CA X MADRID ZIMMERMAN 5629994718 1119 QUEENS HIGHWAY NO 103 LONG BEACH CA 908026390 JANE NETHERTON CHAIR 2.00 X X 0 0 0 CRAIG CROSS VICE-CHAIR 2.00 X X 0 0 0 MARK CURTIS CFO 2.00 X X 0 0 0 GAIL SCHWANDNER SECRETARY 2.00 X X 0 0 0 FRANK NEWELL PAST CHAIR 2.00 X X 0 0 0 CRAIG DOUGHERTY PAST CHAIR 2.00 X X 0 0 0 DON COCHRAN BOARD MEMBER 2.00 X 0 0 0 MARCELLE EPLEY BOARD MEMBER 2.00 X 0 0 0 LARRY JACKSON BOARD MEMBER 2.00 X 0 0 0 CAM KILLINGSWORTH BOARD MEMBER 2.00 X 0 0 0 GERALD LANE BOARD MEMBER 2.00 X 0 0 0 ROBERT LUSKIN BOARD MEMBER 2.00 X 0 0 0 JIM MILLS-WINKLER BOARD MEMBER 2.00 X 0 0 0 MARK SCHNEIDER BOARD MEMBER 2.00 X 0 0 0 JEAN SMITH BOARD MEMBER 2.00 X 0 0 0 ROBERT STEUBER BOARD MEMBER 2.00 X 0 0 0 JEFF WIMBISH BOARD MEMBER 2.00 X 0 0 0 SILVIA L TOTAH EXECUTIVE DIRECTOR 15.00 X 25313 0 0 25313 0 0 0 0 0 0 0 122500 122500 242739 242739 151560 43956 107604 107604 107604 1822663 1245260 577403 577403 577403 1050246 0 0 927746 358443 358443 29484 29484 14900 14900 39157 39157 884 884 2578 2578 204 204 FOREIGN TAXES 2174 2174 BANK CHARGES 179 179 LICENSE AND FILING FEES 75 75 448078 358443 89635 0 37624 16161 725503 952893 12600 12960 1105525 626880 499435 478645 7255946 7069655 8531108 8530314 13680 13680 13680 13680 X 8299966 8310224 217462 206410 8517428 8516634 8531108 8530314 602168 -602962 0 X 0 1 X 1 0 X X 2 CSULB 956106694 6 1 226437 0 LONG BEACH CITY COLLEGE 953297459 6 1 132006 0 2 358443 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 1 PART IV, SECTION E, LINE 2A: THE LONG BEACH ROTARY SCHOLARSHIP FOUNDATION PROVIDES FUNDS FOR SCHOLARSHIPS AND GRANTS-IN-AID TO STUDENTS ENROLLED IN A COURSE OF EDUCATION AT CALIFORNIA STATE UNIVERSITY, LONG BEACH AND LONG BEACH CITY COLLEGE. THESE GRANTS-IN-AID QUALIFY AS PAYMENTS THAT DIRECTLY FURTHER THE EXEMPT PURPOSE OF BOTH CSULB AND LBCC UNDER REGULATIONS SECTION 1.509(A)-4(I)(4)(II)(D). THE FOUNDATION IS ABLE TO MONITOR THE USE OF STUDENTS' GRANTS IN TWO WAYS. 1. AT BOTH CAL STATE LONG BEACH AND LONG BEACH CITY COLLEGE, STUDENTS ARE NOT GIVEN THEIR GRANT DISBURSEMENT UNTIL AFTER THE SCHOOL'S CENSUS DATE (I.E. DROP DATE). THIS ENSURES THAT GRANTEES ARE FULFILLING THEIR OBLIGATIONS THAT NEED TO BE SATISFIED IN ORDER TO RECEIVE THE SCHOLARSHIPS. 2. AT CAL STATE LONG BEACH, THE GRANT IS DEPOSITED DIRECTLY INTO THE STUDENT'S SCHOOL ACCOUNT ENSURING THE MONEY IS USED FOR ITS INTENDED PURPOSE. AT LONG BEACH CITY COLLEGE, ONCE STUDENTS MEET THEIR ELIGIBILITY REQUIREMENTS, THEIR DISBURSEMENTS ARE CREDITED TO THEIR STUDENT DEBIT CARD TO BE USED FOR SCHOOL-RELATED EXPENSES ON CAMPUS (I.E. TUITION, FEES, BOOKS AND MATERIALS). ELIGIBILITY REQUIREMENTS FOR STUDENTS AT BOTH SCHOOLS ARE TO MAINTAIN FULL TIME STATUS WITH A MINIMUM 12 UNITS PER SEMESTER AND A MINIMUM GPA OF 2.0+. THESE GRANTS WOULD NOT BE PROVIDED TO THESE STUDENTS BUT FOR LONG BEACH ROTARY SCHOLARSHIP FOUNDATION. THE DIRECTORS OF CSULB AND LBCC MAINTAIN A CLOSE AND CONTINUOUS RELATIONSHIP WITH THE FOUNDATION. THIS RELATIONSHIP IS MAINTAINED THROUGH THE SCHOLARSHIP OFFICE AT BOTH INSTITUTIONS. THE RESPECTIVE OFFICES ARE OVERSEEN BY VALERIE KELSEY AT CSULB AND SHYRA COMPTON AT LBCC. BECAUSE OF THIS RELATIONSHIP, THESE DIRECTORS HAVE A SIGNIFICANT VOICE IN THE ORGANIZATION'S TIMING OF GRANTS, SELECTION OF GRANT RECIPIENTS, AND MANNER OF MAKING GRANTS. ALL OF THE FOUNDATION'S ACTIVITIES DURING THE TAX YEAR DIRECTLY FURTHERED THE EXEMPT PURPOSES OF CSULB AND LBCC AS MORE THAN 80% OF THE FOUNDATION'S EXPENSES WERE GRANT EXPENSES. PART IV, SECTION E, LINE 2B: THE MISSION OF THE LONG BEACH ROTARY SCHOLARSHIP FOUNDATION (LBRSF) IS TO PROVIDE THE RESOURCES TO DESERVING STUDENTS WITH AVERAGE AND ABOVE-AVERAGE GRADES SO THAT THEY MAY ATTEND LONG BEACH CITY COLLEGE (LBCC) OR CALIFORNIA STATE UNIVERSITY, LONG BEACH (CSULB). LBCC AND CSULB BOTH ALREADY PROVIDE SCHOLARSHIPS TO STUDENTS AND WOULD CONTINUE TO PROVIDE SCHOLARSHIPS IN THE ABSENCE OF THE LBRSF'S ASSISTANCE. IT IS LBRSF'S GOAL TO ASSIST THOSE STUDENTS WHO MIGHT OTHERWISE NOT QUALIFY FOR A SCHOLARSHIP AND HAVE A DESIRE TO LEARN AND BECOME RESPONSIBLE AND PRODUCTIVE CITIZENS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 217462 -3552 7500 206410 109815 110000 1647 4000 217462 98996 14319 3500 109815 100000 -940 64 98996 1.00000 0 0 251550 251550 721579 499848 221731 129900 124649 5251 2496 2383 113 478645 RENT DEPOSITS 13680 13680 X 408127 -602962 -602962 1011089 39157 39157 1050246 408921 0 408921 39157 39157 448078 PART V, LINE 4: THE FOUNDATION RECEIVED TEMPORARILY RESTRICTED CONTRIBUTIONS DURING THE YEAR ENDED JUNE 30, 2013 FOR THE NEWELL FAMILY SCHOLARSHIP FUND TO BENEFIT OUTSTANDING HIGH SCHOOL STUDENTS FROM LONG BEACH POLYTECHNIC HIGH SCHOOL (POLY) AND LONG BEACH WILSON HIGH SCHOOL (WILSON). UNDER THIS SCHOLARSHIP PROGRAM, FUNDS ARE TO BE GIVEN EACH YEAR TO INCOMING FRESHMEN AT LONG BEACH CITY COLLEGE AND CALIFORNIA STATE UNIVERSITY LONG BEACH WHO HAVE GRADUATED FROM POLY OR WILSON. RECIPIENTS ARE TO BE STUDENTS WHO HAVE OVERCOME CHALLENGES AND WHO ARE A SOURCE OF INSPIRATION THROUGH THEIR ACCOMPLISHMENTS AND SERVICE TO THE COMMUNITY. AT LEAST 5% OF THE NET ASSET VALUE OF THE FUND IS TO BE USED EACH YEAR TO FUND THESE SCHOLARSHIPS. THE FOUNDATION RECEIVED TEMPORARILY RESTRICTED CONTRIBUTIONS DURING THE YEAR ENDED JUNE 30, 2015 FOR THE TEMPLE FAMILY SCHOLARSHIP FUND TO BENEFIT OUTSTANDING UPPER-DIVISION STUDENTS CURRENTLY ATTENDING CALIFORNIA STATE UNIVERSITY, LONG BEACH (CSULB) AND MAJORING IN AEROSPACE ENGINEERING OR A RELATED FIELD. PART X, LINE 2: THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING STATUS OF TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE FOUNDATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 39,157. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 39,157. 1 CALIFORNIA STATE UNIVERSITY, LONG BEACH (CSULB) SCHOLARSHIPS 131 217437 CASH SCHOLARSHIPS FOR MILLENIUM, TRADITIONAL, AND PRESIDENTIAL SCHOLARS SLAUGHTER - CALIFORNIA STATE UNIVERSITY, LONG BEACH 2 5000 CASH SCHOLARSHIPS FOR NURSING AND OTHER HEALTH CARE STUDENTS SLAUGHTER - LONG BEACH CITY COLLEGE 3 5993 CASH SCHOLARSHIPS FOR NURSING AND OTHER HEALTH CARE STUDENTS BIXBY SCHOLARSHIPS 1 3000 CASH SCHOLARSHIP TO A STUDENT WHO EXEMPLIFIES THE LEADERSHIP AND COMMUNITY SERVICE OF MARK BIXBY NEWELL - CALIFORNIA STATE UNIVERSITY, LONG BEACH 1 3000 CASH SCHOLARSHIP LONG BEACH CITY COLLEGE (LBCC) SCHOLARSHIPS 129 120013 CASH TRADITIONAL, TRADE, HONORS AND COMMUNITY COLLEGE SCHOLARSHIPS NEWELL - LONG BEACH CITY COLLEGE 1 1500 CASH SCHOLARSHIP TEMPLE - CALIFORNIA STATE UNIVERSITY, LONG BEACH 1 2500 CASH SCHOLARSHIP PART I, LINE 2: THE LONG BEACH ROTARY SCHOLARSHIP FOUNDATION IS ABLE TO MONITOR THE USE OF STUDENTS GRANTS IN TWO WAYS. 1. AT BOTH CAL STATE LONG BEACH AND LONG BEACH CITY COLLEGE, STUDENTS ARE NOT GIVEN THEIR GRANT DISBURSEMENT UNTIL AFTER THE SCHOOL'S DROP DATE. THIS ENSURES THAT GRANTEES ARE FULFILLING THEIR OBLIGATION THAT NEED TO BE SATISFIED IN ORDER TO RECEIVE THE SCHOLARSHIPS. 2. AT CAL STATE LONG BEACH, THE GRANT IS DEPOSITED DIRECTLY INTO THE STUDENT'S SCHOOL ACCOUNT ENSURING THE MONEY IS USED FOR ITS INTENDED PURPOSE. AT LONG BEACH CITY COLLEGE, STUDENTS ARE NOT ABLE TO PICK UP THEIR DISBURSEMENTS UNTIL AFTER THEY HAVE PAID FOR THEIR SCHOOL FEES. BECAUSE OF THIS, THE PAYMENT IS A REIMBURSEMENT FOR EDUCATIONAL EXPENSES. DOUGHERTY COMPANY CRAIG DOUGHERTY IS THE OWNER OF DOUGHTERY COMPANY, INC. 151560 ON MARCH 11, 1992, THE BOARD OF DIRECTORS ACCEPTED A DONATION OF AN UNDIVIDED ONE-HALF INTEREST IN IMPROVED INDUSTRIAL PROPERTY LOCATED IN IRVINE, CALIFORNIA FROM THE ALBERT REINGARDT FOUNDATION. THE REMAINING ONE-HALF INTEREST IS OWNED BY THE DOUGHERTY COMPANY, INC., OF WHICH A MEMBER OF THE SCHOLARSHIP FOUNDATION BOARD OF TRUSTEES IS AFFILIATED. THE PROPERTY WAS RECORDED AT ITS FAIR MARKET VALUE AS OF THE DATE OF THE DONATION. UNDER THE DONATION AGREEMENT, THE FOUNDATION'S PORTION OF THE EXPENSES OF THE PROPERTY ARE PAID BY THE CO-OWNER OF THE PROPERTY AND WILL BE OFFSET AGAINST THE FOUNDATION'S FUTURE INCOME ON THE PROPERTY. RENTAL INCOME IN EXCESS OF PROPERTY EXPENSES IS THEN FORWARDED TO THE FOUNDATION. 0 FORM 990, PART VI, SECTION B, LINE 11 THE FOUNDATION RECEIVES A COPY OF THE ORGANIZATION'S FORM 990, AS PREPARED BY WINDES, INC., WHICH IS REVIEWED BY THE EXECUTIVE BOARD PRIOR TO FILING THE DOCUMENT WITH THE IRS. AFTER THE EXECUTIVE BOARD HAS REVIEWED THE FORM AND ANY CHANGES OR UPDATES ARE MADE, THE FINAL COPY OF THE 990 IS ELECTRONICALLY CIRCULATED TO ALL BOARD MEMBERS PRIOR TO FILING THE FORM WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE EXECUTIVE DIRECTOR OF THE ORGANIZATION UPDATES THE CONFLICT OF INTEREST POLICY AND RE-DISTRIBUTES IT TO THE BOARD MEMBERS. BOARD MEMBERS THEN READ AND SIGN THE POLICY. POLICIES ARE THEN COLLECTED FROM THE BOARD MEMBERS AND HELD ON FILE AT THE ROTARY OFFICE. MEMBERS WITH A CONFLICT OF INTEREST WILL NOT BE A MEMBER OF A COMMITTEE IN WHICH THE CONFLICT OF INTEREST IS RELEVANT. FOR INSTANCE, CRAIG DOUGHERTY IS 50% OWNER OF THE INVESTMENT PROPERTY (IN WHICH THE OTHER 50% IS OWNED BY LBRSF). CRAIG IS NOT A MEMBER OF THE INVESTMENT COMMITTEE AND DOES NOT MAKE ANY DECISIONS BASED ON THE PROPERTY ON BEHALF OF THE LBRSF. FORM 990,PART VI, LINE 13: THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES AND THEREFORE DOES NOT HAVE A WHISTLEBLOWER POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR IS COMPENSATED AT AN HOURLY RATE THAT IS SET AND VOTED ON BY THE FULL BOARD OF DIRECTORS. ALL COMPENSATION IS SUPPORTED BY DETAILED TIME SHEETS OUTLINING WORK PERFORMED BY THE EXECUTIVE DIRECTOR ON BEHALF OF THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990, FORM 1023, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THEY ARE LOCATED AT: LONG BEACH ROTARY SCHOLARSHIP FOUNDATION 1119 QUEENS HIGHWAY, SUITE 103 LONG BEACH, CA 90802