2017-07-12T15:25:52-05:00 2016-08-31 271728945 PKF O'CONNOR DAVIES LLP 32 FOSTERTOWN RD NEWBURGH NY 12550 990 2015-09-01 222484101 DUTCHESS COMMUNITY COLLEGE FOUNDATION INC DUTC 8454318400 53 PENDELL ROAD POUGHKEEPSIE NY 12601 DIANA POLLARD EXECUTIVE DIRECTOR 8454318400 2017-07-12 1 GARRETT M HIGGINS P00543209 8455655400 2017-07-12 2015 2021-01-29 14:40:06Z CAROL GORDON 53 PENDELL ROAD POUGHKEEPSIE NY 12601 4659241 0 X WWW.SUNYDUTCHESS.EDU/ALUMNI/FOUNDATION/ X 1975 NY SUPPORT FOUNDATION FOR DUTCHESS COMMUNITY COLLEGE IN POUGHKEEPSIE, NEW YORK. 26 26 0 39 0 0 1627051 693594 0 0 192335 209313 -114276 -113465 1705110 789442 441209 482600 0 0 0 0 0 0 29722 304706 277306 745915 759906 959195 29536 10129403 10697507 53561 82264 10075842 10615243 X THE MISSION OF THE DUTCHESS COMMUNITY COLLEGE FOUNDATION IS TO RAISE FUNDS TO PROVIDE SCHOLARSHIPS AND SUPPORT THE COLLEGE'S INITIATIVES THAT WILL HAVE A SIGNIFICANT AND DIRECT IMPACT ON THE STUDENTS, FACULTY AND STAFF OF DUTCHESS COMMUNITY COLLEGE. 0 0 557239 482600 THE PROVISION OF EDUCATIONAL GRANTS TO AID AND ADVANCE THE WELFARE, DEVELOPMENT, PURPOSE AND PROGRAMS OF DUTCHESS COMMUNITY COLLEGE AND ITS STUDENTS. DURING THE FISCAL YEAR, THE FOUNDATION AWARDED GRANTS TO OVER 220 STUDENTS OF DUTCHESS COMMUNITY COLLEGE. IN ADDITION TO THE STUDENT SCHOLARSHIPS, THE FOUNDATION AWARDS SMALL GRANTS TO FACULTY IN SUPPORT OF PROJECTS RELATED TO ACADEMIC PROGRAMS. EACH YEAR FACULTY MEMBERS ARE CHOSEN FOR THE CHAIRS, AN HONOR FOR TEACHING EXCELLENCE. THE FACULTY MEMBERS RECEIVE A STIPEND AND ARE ALSO GIVEN A SMALL AMOUNT THAT THEY CAN USE TO BRING IN A SPEAKER OR TO DO A PROJECT. LECTURES TYPICALLY DRAW 300 PEOPLE AND SOME OF OUR SPEAKERS HAVE BEEN PULITZER PRIZE AND NOBEL PRIZE WINNERS.GALA: THE DUTCHESS COMMUNITY COLLEGE FOUNDATION COMMUNITY'S BRIDGE TO THE FUTURE GALA WAS HELD SATURDAY, MARCH 19, 2016 AT THE GRANDVIEW IN POUGHKEEPSIE, NY. THE COLLEGE TRULY IS THE BRIDGE THAT MANY IN OUR COMMUNITY NEED TO REACH THEIR GOALS. CLOSE TO 400 PEOPLE ATTENDED THE EVENT TO HONOR INDIVIDUALS, SUSAN DOYLE '11, WILLIAM H. BEALE '99, JOHN P. O'SHEA, AND THE ELEANOR ROOSEVELT CENTER AT VAL-KILL. SUSAN AND BILL WERE INDUCTED INTO THE ALUMNI HALL OF FAME FOR THEIR OUTSTANDING PROFESSIONAL CONTRIBUTIONS AND THEIR COMMITMENT TO OUR COMMUNITY. WE HONORED JOHN O'SHEA WITH THE BERNARD HANDEL COMMUNITY LEADERSHIP AWARD, WHICH IS PRESENTED TO MEMBERS OF OUR COMMUNITY WHO IMPROVE LIVES IN DUTCHESS COUNTY THROUGH THEIR LEADERSHIP AND VOLUNTEER WORK WITH LOCAL NOT-FOR-PROFIT ORGANIZATIONS. WE HONORED THE ELEANOR ROOSEVELT CENTER AT VAL-KILL WITH THE BRIDGE TO THE FUTURE AWARD, WHICH WAS ESTABLISHED TO RECOGNIZE INDIVIDUALS AND ORGANIZATIONS WHO HAVE HAD A MEASURABLE IMPACT ON OUR COMMUNITY AND WHO HAVE ENHANCED THE QUALITY OF LIFE FOR THOSE WHO LIVE AND WORK IN THE MID-HUDSON VALLEY. OUR COMMUNITY'S BRIDGE TO THE FUTURE GALA RAISES MONEY TO SUPPORT THE MORE THAN $420,000 IN SCHOLARSHIPS AWARDED EACH YEAR TO OVER 220 STUDENTS BY THE DCC FOUNDATION. GOLF TOURNAMENT: 27TH ANNUAL DUTCHESS COMMUNITY COLLEGE FOUNDATION GOLF TOURNAMENT AND DINNER IN MEMORY OF JACK ORCUTT WAS HELD ON MAY 23, 2016 AT THE DUTCHESS GOLF CLUB. THIS EVENT HELPS TO SUPPORT THE MISSION OF THE FOUNDATION, WHICH IS TO PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS IN OUR REGION. THE EVENT WAS A SUCCESS, RAISING MORE THAN $53,000.CRAFT FAIR: EACH YEAR, DUTCHESS COMMUNITY COLLEGE HOSTS THE DCC FOUNDATION CRAFT FAIR WITH MORE THAN 100 ARTISTS ON THE WEEKEND FOLLOWING THANKSGIVING. THE FAIR HAS BECOME A MUCH-ANTICIPATED EVENT AS IT ALLOWS PEOPLE TO GET A HEAD START ON THEIR HOLIDAY SHOPPING BY PURCHASING ONE-OF-A-KIND GIFTS FOR FRIENDS AND FAMILY. NOVEMBER 28 & 29, 2015 MARKED THE CRAFT FAIR'S 44TH YEAR. INVITED PARTICIPANTS INCLUDE SOME OF THE FAVORITE ARTISTS FROM OUR PREVIOUS CRAFT FAIRS, ALONG WITH NEW ARTISTS. THE JURIED FAIR FEATURES WORKS FROM ARTISTS WHO HAND-CRAFT THEIR OWN ITEMS. SOME OF THE PIECES ARE CONSIDERED FINE ART. ADDITIONALLY, THERE ARE MANY SPECIALTY FOOD VENDORS. THE DCC FOUNDATION ANNUAL CRAFT FAIR GIVES OVER 3,000 ATTENDEES THE OPPORTUNITY TO FIND ITEMS THAT YOU CAN'T FIND ANYWHERE ELSE. THE EVENT RAISED MORE THAN $26,000 IN PROCEEDS THAT PROVIDE DESERVING DCC STUDENTS WITH SCHOLARSHIPS. 557239 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 13 0 0 0 0 0 0 0 1 1 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X DONNA ROCAP ASSOCIATE DEAN FINANCE 8454318400 53 PENDELL ROAD POUGHKEEPSIE NY 12601 CAROL GORDON CHAIR 2.00 X X 0 0 0 JIM FEDORCHAK VICE CHAIR 2.00 X X 0 0 0 ELLEN BAKER SECRETARY 2.00 X X 0 0 0 MARTY TRIOLA TREASURER 2.00 X X 0 0 0 JULIE AUDIA DIRECTOR 2.00 X 0 0 0 SUSAN MCCLELLAND BOYCE DIRECTOR 2.00 X 0 0 0 BETSY BROWN DIRECTOR/BOT LIASON 2.00 X 0 0 0 PAUL CALOGERAKIS DIRECTOR 2.00 X 0 0 0 MICHAEL CAMPAGNA DIRECTOR 2.00 X 0 0 0 DENNIS DENGEL DIRECTOR 2.00 X 0 0 0 CARL DENTI DIRECTOR 2.00 X 0 0 0 PAMELA EDINGTON DIRECTOR/DCC PRESIDENT 2.00 X 0 0 0 RYAN FOHL DIRECTOR 2.00 X 0 0 0 RAYMOND FREDA DIRECTOR 2.00 X 0 0 0 JACQUELINE GOFFE-MCNISH DIRECTOR 2.00 X 0 0 0 BERNARD HANDEL DIRECTOR 2.00 X 0 0 0 STACEY LANGENTHAL DIRECTOR 2.00 X 0 0 0 JOHN MAZZETTI DIRECTOR 2.00 X 0 0 0 MICHELLE MCCOURT DIRECTOR 2.00 X 0 0 0 LINDA MELTON MANN DIRECTOR 2.00 X 0 0 0 CHRIS MEYER DIRECTOR 2.00 X 0 0 0 VINNY MILLER DIRECTOR 2.00 X 0 0 0 VINCENT NUNZIATO DIRECTOR 2.00 X 0 0 0 KIP BLEAKLEY O'NEILL DIRECTOR 2.00 X 0 0 0 DICK REITANO DIRECTOR 2.00 X 0 0 0 TERRY STEWART DIRECTOR 2.00 X 0 0 0 WILLIAM ANDERSON ASSISTANT TREASURER 2.00 X 0 0 0 DIANA POLLARD EXECUTIVE DIRECTOR 35.00 X 87852 0 16628 87852 0 16628 0 0 0 1 0 218765 474829 170359 693594 207777 207777 3690697 3689161 1536 1536 1536 67056 218765 180638 -113582 -113582 MISCELLANEOUS INCOME 900099 117 117 117 789442 0 0 95848 479600 479600 3000 3000 6500 6500 47577 47577 75427 75427 54245 22072 9050 23123 7192 2482 4660 50 2285 2285 1136 1136 FOOD 43897 20488 20917 2492 MISCELLANEOUS 11382 3733 6062 1587 REFUNDS 8545 8545 DONATED ARTWORK & GOODS 7739 7481 258 11381 8702 209 2470 759906 557239 172945 29722 300 300 470429 347538 66918 74973 2865 0 50 400 55435 66810 43382 43382 0 0 9533406 10207486 10129403 10697507 24926 54654 28635 27610 53561 82264 X 143297 265167 3071720 3341160 6860825 7008916 10075842 10615243 10129403 10697507 29536 509865 0 X X 0 1 X 1 0 X 875186 876827 931611 1627051 693594 5004269 875186 876827 931611 1627051 693594 5004269 1084355 3919914 162198 151160 168207 188944 207777 878286 4725 1086 26 2891 117 8845 5891400 400419 0.66540 0.64240 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2011 AMOUNT: $ 4,725. 2012 AMOUNT: $ 1,086. 2013 AMOUNT: $ 26. 2014 AMOUNT: $ 2,891. 2015 AMOUNT: $ 117. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5800 X X 0 8871066 111434 622073 208329 9396244 8396439 949067 -242438 232002 8871066 7424463 218778 1084812 331614 8396439 6535575 329374 697496 137982 7424463 6070330 78177 508144 121076 6535575 0.02030 0.74590 0.23380 0 0 5700 5700 0 37682 37682 0 0 X 1877653 509865 514602 111321 1135788 741865 47577 47577 789442 1338252 514602 111321 625923 712329 47577 47577 759906 PART III, LINE 1A: THE FOUNDATION HAS A COLLECTION OF ARTWORK THAT IS ON PUBLIC DISPLAY AT DUTCHESS COMMUNITY COLLEGE. THE FOUNDATION HAS ADOPTED A POLICY IN WHICH THE COLLECTION OF ARTWORK IS NOT CAPITALIZED AND RECOGNIZED AS AN ASSET. ACCORDINGLY, PURCHASES OF ARTWORK ARE A REDUCTION OF NET ASSETS IN THE PERIOD WHEN PURCHASED. PROCEEDS FROM SALES OR INSURANCE RECOVERIES ARE RECORDED AS INCREASES IN NET ASSETS WHEN RECEIVED. THE FOUNDATION RECEIVED ARTWORK WITH A FAIR VALUE OF $5,800 DURING THE YEAR ENDED AUGUST 31, 2016. PART III, LINE 4: THE FOUNDATION HAS A COLLECTION OF ARTWORK THAT IS ON PUBLIC DISPLAY AT DUTCHESS COMMUNITY COLLEGE TO ENHANCE THE LEARNING ENVIRONMENT THROUGHOUT THE CAMPUS. ALL ITEMS WITHIN THE COLLECTION WERE DONATED TO THE FOUNDATION FOR USE AS DISPLAYED ARTWORK. THE ORGANIZATION DOES NOT INTEND TO SELL THE ARTWORK, BUT PLANS TO MAINTAIN THE COLLECTION FOR FUTURE GENERATIONS. PART V, LINE 4: THE FOUNDATION'S INTENDED USE OF ENDOWMENT FUNDS IS TO PROVIDE LONG TERM SUPPORT FOR ITS CHARITABLE PROGRAMS AND TO PRESERVE THE PURCHASING POWER OF THE CORPUS AND INSULATE PROGRAM SPENDING FROM FLUCTUATIONS IN CAPITAL MARKETS. SPECIFICALLY, THE FOUNDATION'S INTENDED USE OF THE ENDOWMENT FUNDS IS FOR THE PROVISION OF GENERAL SCHOLARSHIPS TO STUDENTS ATTENDING DUTCHESS COMMUNITY COLLEGE AS WELL AS TEN GRADUATE SCHOLARSHIPS TO STUDENTS FURTHERING THEIR STUDIES. PART X, LINE 2: THE FOUNDATION RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO AUGUST 31, 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADDITIONAL SPECIAL EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 109,060. BAD DEBT EXPENSE RECLASSED TO PART, IX, LINE 24 2,261. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADDITIONAL SPECIAL EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 109,060. BAD DEBT EXPENSE RECLASSED TO PART, IX, LINE 24 2,261. SCHEDULE D, PART V: THE ENDOWMENT FUND AT SEPTEMBER 1, 2009 WAS ADJUSTED TO REFLECT A PRIOR YEAR RECLASSIFICATION. THE ENDOWMENT FUND AT SEPTEMBER 1, 2011 WAS ALSO ADJUSTED TO REFLECT RECLASSIFICATIONS MADE TO NET ASSETS DUE TO THE ORGANIZATION'S ADOPTION OF NYUPMIFA. ANNUAL GALA 187706 132026 55680 829 46754 4000 68222 GOLF TOURNAMENT 50081 38705 11376 4965 15800 17254 2 48034 48034 113 22701 285821 218765 67056 5794 62667 4000 108177 180638 -113582 1 DUTCHESS COMMUNITY COLLEGE 53 PENDELL ROAD POUGHKEEPSIE NY 12601 146012314 501(C)(3) 404183 34260 COST PURCHASE OF CAFETERIA TABLES FOR COLLEGE FOR CAFETERIA RENOVATIONS 1 PART I, LINE 2: THE FOUNDATION PROCESSES AND APPROVES ALL REIMBURSEMENTS OF GRANT FUNDS TO THE COLLEGE. THE COLLEGE DOES NOT RECEIVE THE FUNDS DIRECTLY. THE FUNDS MUST GO THROUGH THE FOUNDATION. GRANT FUNDS ARE MONITORED BY THE DUTCHESS COMMUNITY COLLEGE ADMINISTRATION FOR COMPLIANCE WITH GRANT AGREEMENTS AND APPLICABLE GOVERNMENT REGULATIONS. 0 0 0 0 0 0 0 0 0 DIANA POLLARD EXECUTIVE DIRECTOR 87852 0 0 0 0 0 5858 0 10770 0 104480 0 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR WAS NOT COMPENSATED BY DUTCHESS COMMUNITY COLLEGE FOUNDATION; HOWEVER SHE IS EMPLOYED BY DUTCHESS COMMUNITY COLLEGE AS EXECUTIVE DIRECTOR AND WAS COMPENSATED BY DUTCHESS COMMUNITY COLLEGE. THE EXECUTIVE DIRECTOR IS A MANAGEMENT CONFIDENTIAL EMPLOYEE OF THE COLLEGE. MANAGEMENT CONFIDENTIAL SALARIES ARE DETERMINED BY THE PRESIDENT AND THE COLLEGE BOARD OF TRUSTEES AND APPROVED WITH A BOARD RESOLUTION. PART VII, LINE 5, SERVICES PAID BY AN UNRELATED ORGANIZATION DIANA POLLARD IS PAID BY AN UNRELATED ORGANIZATION, DUTCHESS COMMUNITY COLLEGE, FOR SERVICES PROVIDED TO THE DUTCHESS COMMUNITY COLLEGE FOUNDATION AS EXECUTIVE DIRECTOR. SHE RECEIVED A W-2 FOR HER SERVICES. THE COMPENSATION REPORTED IN PART VII, SECTION A AND SCHEDULE J, PART II IS BASED ON THEIR CALENDAR YEAR COMPENSATION FOR SERVICES RENDERED TO THE DUTCHESS COMMUNITY COLLEGE FOUNDATION. X 11 5800 FAIR MARKET VALUE X 236 FAIR MARKET VALUE X 8754 FAIR MARKET VALUE X 3 81977 FAIR MARKET VALUE X 26 25308 FAIR MARKET VALUE X GIFT CERTIFICATES 87 45799 FAIR MARKET VALUE X JEWELRY 19 2485 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IS BEING REPORTED IN COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11 A PAPER COPY OF THE DRAFT OF THE FORM 990 IS REVIEWED BY THE FOUNDATION'S AUDIT COMMITTEE, BOARD OF DIRECTORS AND THE ADMINISTRATION PERSONNEL AND EXECUTIVES OF THE FOUNDATION PRIOR TO FILING. IF THERE ARE ANY ERRORS OR QUESTIONS, THESE ITEMS WILL BE DISCUSSED WITH THE ACCOUNTANTS PREPARING THE RETURN. ONCE THESE QUESTIONS AND ERRORS ARE RESOLVED, THE BOARD WILL APPROVE THE RETURN AND WILL NOTIFY THE ACCOUNTANTS THAT IT MAY BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO ANNUALLY AFFIRM COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. NEW APPOINTEES ARE REQUIRED TO ACKNOWLEDGE ACCEPTANCE OF THE POLICY UPON APPOINTMENT. INDIVIDUALS ARE REQUIRED TO DISCLOSE ANY CONFLICTS THAT MAY EXIST WHEN MATTERS COME UP FOR DELIBERATION OR DECISION, AND TO RECUSE THEMSELVES FROM THE PROCESS WHEREVER A CONFLICT MAY EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR, OFFICERS AND KEY EMPLOYEES ARE NOT COMPENSATED BY THE ORGANIZATION, BUT ARE COMPENSATED BY AN UNRELATED ORGANIZATION, DUTCHESS COMMUNITY COLLEGE. KEY EMPLOYEES, WHOSE TIME IS STRICTLY DEVOTED TO THE FOUNDATION, ARE COVERED UNDER A UNION CONTRACT. THE EXECUTIVE DIRECTOR IS A MANAGEMENT CONFIDENTIAL EMPLOYEE OF THE COLLEGE. MANAGEMENT CONFIDENTIAL SALARIES ARE DETERMINED BY THE PRESIDENT AND THE COLLEGE BOARD OF TRUSTEES AND APPROVED WITH A BOARD RESOLUTION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE SERVICE CODE AS IT IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR WEBSITES. IN ADDITION, FORM 1023, AS WELL AS THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE AVAILABLE UPON WRITTEN REQUEST OF THE ORGANIZATION AT 53 PENDELL ROAD, POUGHKEEPSIE, NY 12601, OR BY CALLING THE ORGANIZATION AT 845-431-8400. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE ORGANIZATION ASSISTS THE BOARD OF DIRECTORS IN FULFILLING ITS OVERSIGHT RESPONSIBILITIES RELATING TO THE INTEGRITY OF THE ORGANIZATION'S FINANCIAL STATEMENTS, ITS COMPLIANCE WITH LEGAL AND REGULATORY REQUIREMENTS, THE QUALIFICATIONS, INDEPENDENCE AND PERFORMANCE OF THE ORGANIZATION'S INDEPENDENT AUDITORS, ITS CODE OF ETHICS AND BUSINESS CONDUCT, AND ANY CONFLICT OF INTEREST QUESTIONS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.