2017-02-14T13:23:40-06:00 2016-06-30 954656881 QUIGLEY & MIRON CPA'S 3550 WILSHIRE BLVD1660 LOS ANGELES CA 90010 990 2015-07-01 956047779 THE SANTA MONICA COLLEGE FOUNDATION SANT 3104344215 1900 PICO BOULEVARD SANTA MONICA CA 90405 CHARLES A POTTS JR CHIEF FINANCIAL OFFICER 3104344215 2017-02-14 JOHN BOVARD MIRON P01358141 2136393550 2015 2021-01-29 14:40:06Z PAUL W HOSCH 1900 PICO BOULEVARD SANTA MONICA CA 90405 20655603 0 X WWW.SANTAMONICACOLLEGEFOUNDATION.ORG X 1956 CA PROVIDE SCHOLARSHIPS TO SANTA MONICA COLLEGE STUDENTS. 15 14 9 14 0 0 1154926 1737479 0 0 2031576 451717 0 3678 3186502 2192874 815494 759432 0 0 650871 682840 0 0 227093 1310052 1114243 2776417 2556515 410085 -363641 22430028 21597897 669435 690711 21760593 20907186 X THE SANTA MONICA COLLEGE FOUNDATION LEADS THE PRIVATE FUND-RAISING EFFORTS OF SANTA MONICA COLLEGE IN SUPPORT OF THE COLLEGE'S MISSION TO PROVIDE OPEN AND AFFORDABLE ACCESS TO HIGH QUALITY EDUCATION. THE FOUNDATION RECEIVES, DISPERSES AND INVESTS PRIVATE DONATIONS IN SUPPORT OF COLLEGE SERVICES AND ACTIVITIES AND RAISES UNDESIGNATED ANNUAL GIFTS TO INITIATE PROGRAMS FOR THE BENEFIT OF THE COLLEGE, ITS STUDENTS AND FACULTY. 0 0 759432 759432 SCHOLARSHIPS - TO ASSIST IN THE COLLEGE'S MISSION OF AFFORDABILITY, THE FOUNDATION PROVIDED APPROXIMATELY 901 SCHOLARSHIPS DURING THE CURRENT YEAR TO QUALIFIED CONTINUING AND TRANSFERRING STUDENTS TO ASSIST THEM IN REACHING THEIR EDUCATIONAL GOALS. 55557 EMERITUS COLLEGE (AN SMC PROGRAM) - SANTA MONICA COLLEGE PROVIDES "LIFE-LONG LEARNING" NON-ACCREDITED PROGRAMS TO APPROXIMATELY 3,000 SENIOR CITIZENS IN SANTA MONICA AND ITS SURROUNDING COMMUNITIES. THE FOUNDATION ASSISTS WITH FUNDRAISING EFFORTS ON BEHALF OF EMERITUS FOR CONTINUATION OF ITS PROGRAMS THAT ARE NOT SUPPORTED BY STATE FUNDING; THEREFORE EXPENDITURES ARE USED FOR ON-GOING REGULAR PROGRAMMING SUPPORT. 1147379 STUDENT PROGRAMMING AND ASSISTANCE - THE FOUNDATION PROVIDES UNDESIGNATED FUNDS AND ASSISTS IN FUNDRAISING EFFORTS IN SUPPORT OF VARIOUS STUDENT PROGRAMS AND ACTIVITIES. THESE PROGRAMS ENHANCE THE EDUCATIONAL EXPERIENCE AND INCREASE THE STUDENTS' OVERALL SUCCESS TOWARDS THEIR ACADEMIC GOALS. THESE PROGRAMS INCLUDE: EMERGENCY ASSISTANCE TO STUDENTS, WHICH INCLUDES STUDENT VETERANS AND STUDENT NURSES; FINANCIAL SUPPORT OF PROGRAMS SERVING THE VETERAN'S RESOURCE CENTER, THE CENTER FOR STUDENTS WITH DISABILITIES, BLACK COLLEGIANS, AND THE LATINO CENTER; THE DALE RIDE SUMMER INTERNSHIP PROGRAM TO WASHINGTON DC; SUPPORT OF SMC PROGRAMS SUCH AS ATHLETICS, PRESIDENT'S AMBASSADORS, GLOBAL CITIZENSHIP SYMPOSIUM AND VIP/WELCOME DAY. 1962368 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 40 0 1 9 1 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X THE ORGANIZATION 3104344215 1900 PICO BOULEVARD SANTA MONICA CA 90405 SAMUEL R BIGGS CPA DIRECTOR 1.00 X 0 0 0 FRANK STIEFEL SECRETARY/TREASURER 1.00 X X 0 0 0 AVA T SHAMBAN MD DIRECTOR 1.00 X 0 0 0 FRED KIPPERMAN DIRECTOR 1.00 X 0 0 0 ANITA L DEFRANTZ DIRECTOR 1.00 X 0 0 0 NANCY CATTELL ESQ DIRECTOR 1.00 X 0 0 0 SPRING ASPERS DIRECTOR 1.00 X 0 0 0 PAUL W HOSCH CHAIR 1.00 X X 0 0 0 CAMELIA BARSOUM DIRECTOR 1.00 X 0 0 0 DON GIRARD DIRECTOR 1.00 X 0 0 0 DEANNA HANSEN VICE-CHAIR 1.00 X X 0 0 0 WILLIAM D LIPPMAN DIRECTOR 1.00 X 0 0 0 ELIZABETH A MOORE CEO/PRESIDENT 40.00 X X 119321 33675 33127 MARK IVENER DIRECTOR 1.00 X 0 0 0 DR KATHRYN E JEFFERY DIRECTOR (SMC SUPERINTENDENT/PRESIDENT) 1.00 X 0 0 0 CHARLES A POTTS JR CHIEF FINANCIAL OFFICER 40.00 X 0 121916 30927 119321 155591 64054 1 0 1 0 0 1737479 15123 1737479 455495 455495 18458951 18462729 -3778 -3778 -3778 OTHER INCOME 900099 3678 3678 3678 2192874 0 0 455395 759432 759432 355499 162215 117702 75582 242208 101580 67471 73157 5574 2295 158 3121 43394 18512 12293 12589 36165 15916 11052 9197 98137 98137 39666 10293 21835 7538 49042 7682 21416 19944 42183 18565 12891 10727 7154 1363 3273 2518 2703 1190 826 687 OTHER PROGRAM EXPENSES 851059 851059 DONOR RELATIONS AND SPE 20734 12266 8468 DUES AND SUBSCRIPTIONS 3565 3565 2556515 1962368 367054 227093 316800 503216 144828 299800 36462 32753 122358 111015 9212 11343 19731583 18866777 1224830 990579 966313 893429 22430028 21597897 669435 690711 669435 690711 X 2086650 1707686 11589249 10673944 8084694 8525556 21760593 20907186 22430028 21597897 X -363641 -810533 320767 X X 0 1 X 1 0 X 2222582 2413924 1429921 1154926 1737479 8958832 36000 36000 36000 36000 36000 180000 2258582 2449924 1465921 1190926 1773479 9138832 5500 6500 47280 36750 37700 133730 1042368 1305743 299862 119006 665718 3432697 1047868 1312243 347142 155756 703418 3566427 5572405 449627 441404 518884 515634 455495 2381044 449627 441404 518884 515634 455495 2381044 7210 3678 10888 2715419 2891328 1984805 1706560 2232652 11530764 0.48330 0.49100 0.20650 0.21950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 100000 100000 0 PART II-B, LINE 1: THE FOUNDATION PAID $100,000 TO THE "CAMPAIGN FOR SAFETY AND MODERNIZATION AT SMC" TO FUND A PORTION OF THE MARKETING EXPENSES FOR A BOND ISSUE TO BE UTILIZED TO FUND CAPITAL EXPENDITURES ON THE SANTA MONICA COLLEGE CAMPUS. 9125804 440862 -113354 607446 8845866 9567861 132292 74465 -648815 9125804 8399567 233747 1446502 -511955 9567861 8000773 55772 868044 -525022 8399567 8267893 135373 170777 -573270 8000773 0.96380 0.03620 1 0 122358 111015 11343 11343 X 1640971 -810533 36000 320767 -453766 2094737 98137 98137 2192874 2494378 36000 36000 2458378 98137 98137 2556515 PART V, LINE 4: SCHOLARSHIPS TO SANTA MONICA COLLEGE STUDENTS. PART X, LINE 2: ACCOUNTING STANDARDS REQUIRE AN ORGANIZATION TO EVALUATE ITS TAX POSITIONS AND PROVIDE FOR A LIABILITY FOR ANY POSITIONS THAT WOULD NOT BE CONSIDERED 'MORE LIKELY THAN NOT' TO BE UPHELD UNDER A TAX AUTHORITY EXAMINATION. MANAGEMENT HAS EVALUATED ITS TAX POSITIONS AND HAS CONCLUDED THAT A PROVISION FOR A TAX LIABILITY IS NOT NECESSARY AT JUNE 30, 2016 AND 2015. THE FOUNDATION'S INFORMATION RETURNS REMAIN OPEN FOR INSPECTION FOR A PERIOD OF THREE (FEDERAL) OR FOUR (STATE OF CALIFORNIA) YEARS FROM THE DATE OF FILING. PART XI, LINE 2D - OTHER ADJUSTMENTS: TRANSFER FROM SANTA MONICA COLLEGE 320,767. 1 STUDENT SCHOLARSHIPS 901 759432 CASH PAYMENTS X X X 0 0 0 0 0 0 0 0 0 ELIZABETH A MOORE CEO/PRESIDENT 119321 33675 0 0 0 0 0 12504 0 20623 119321 66802 0 0 CHARLES A POTTS JR CHIEF FINANCIAL OFFICER 0 121916 0 0 0 0 0 14740 0 16187 0 152843 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY OUR OUTSIDE AUDITOR. FOLLOWING THE COMPLETION OF A DRAFT OF THE AUDITED FINANCIAL STATEMENTS AND A DRAFT OF FORM 990, THE OUTSIDE AUDITOR MEETS WITH THE AUDIT COMMITTEE TO REVIEW THE DRAFTS OF THE FINANICAL STATEMENTS AND FORM 990 TO ASSURE THAT ALL REPRESENTATIONS AND ANSWERS TO ISSUES, COMMENTS AND QUESTIONS ARE ACCURATE. A COPY OF THE FORM 990 IS THEN DISTRIBUTED VIA EMAIL TO THE FULL BOARD OF DIRECTORS PRIOR TO ITS FILING FOR COMMENT. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS REQUIRED TO ANNUALLY FILE A CONFLICT OF INTEREST STATEMENT ACKNOWLEDGING COMPLIANCE WITH THE POLICY. VOTING BOARD MEMBERS WITH AN ECONOMIC INTEREST IN THE SUBJECT MATTER OF A BOARD VOTE ABSTAIN FROM VOTING ON THAT ISSUE IN COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES DEPARTMENT (HR) AND THE PERSONNEL COMMISSION OF SANTA MONICA COLLEGE SETS THE BASE COMPENSATION OF THE PRESIDENT/CEO (CEO) AND CHIEF FINANCIAL OFFICER (CFO) OF THE ORGANIZATION, RESPECTIVELY. SALARIES ARE GENERALLY SET BASED ON A VARIETY OF EXTERNAL AND INTERNAL FACTORS. EXTERNAL FACTORS CONSIST OF LABOR MARKET COMPARISONS, LABOR MARKET CONDITIONS, COLLECTIVE BARGAINING AND COST OF LIVING. INTERNAL FACTORS CONSIST OF INTERNAL CONSISTENCY AND THE EMPLOYER'S ABILITY TO PAY. CHANGES TO SALARIES IMPACTING THE CEO AND CFO COMPENSATION ARE CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD OF TRUSTEE'S AND THE PERSONNEL COMMISSION'S MINUTES AND IN THE EMPLOYEE'S PERSONNEL FILE. THE CEO IS RESPONSIBLE FOR SETTING THE COMPENSATION OF OTHER ORGANIZATION EMPLOYEES THROUGH SALARY INFORMATION RECEIVED FROM SIMILAR SOURCES AS USED IN SETTING THE COLLEGE'S COMPENSATION FOR CLASSIFIED EMPLOYEES. THE EMPLOYEE COMPENSATION DECISION IS DOCUMENTED IN THE APPLICABLE EMPLOYEE'S PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER FROM SANTA MONICA COLLEGE 320,767. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT AUDITOR IS UNCHANGED FROM THE PRIOR YEAR. SANTA MONICA COLLEGE 1900 PICO BOULEVARD SANTA MONICA CA 90405 952767537 EDUCATION CA CALIFORNIA COMMUNITY COLLEGE SYSTEM 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 SANTA MONICA COLLEGE N 36000 ESTIMATED SANTA MONICA COLLEGE O 320767 ACTUAL COST