2016-11-07T13:44:35-06:00 2016-06-30 251622758 MAHER DUESSEL CPA'S 503 MARTINDALE STREET SUITE 600 PITTSBURGH PA 15212 990 2015-07-01 237454575 LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION LEHI 6107991711 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 ELLEN MILLARD-KERN CHAIRPERSON 6107991711 2016-11-07 1 LISA A RITTER P00168809 4124715500 2015 2017-02-10 21:41:12Z ELLEN MILLARD-KERN 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 2727887 0 X WWW.LCCC.EDU/FOUNDATION X 1975 PA THE LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION GENERATES THE PHILANTHROPIC RESOURCES TO SUPPORT THE LEHIGH CARBON COMMUNITY COLLEGE'S MISSION AND PROGRAMS. 18 17 0 33 0 0 2635092 895819 0 0 405699 218724 394148 415496 3434939 1530039 780193 832304 0 0 0 0 0 0 16140 105213 86674 885406 918978 2549533 611061 16478480 16916311 69958 763767 16408522 16152544 X THE LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION GENERATES THE PHILANTHROPIC RESOURCES SUCH AS SCHOLARSHIPS AND OTHER STUDENT FUNDING TO SUPPORT THE LEHIGH CARBON COMMUNITY COLLEGE'S MISSION, PROGRAMS, AND CAPITAL PROJECTS THAT HELP TURN STUDENT ASPIRATIONS INTO REALITY THROUGH EDUCATION. 0 0 832304 832304 431117 ALL FUNDING GENERATED IS DIRECTED TOWARD SCHOLARSHIPS FOR LEHIGH CARBON COMMUNITY COLLEGE (COLLEGE) STUDENTS OR TOWARD THE PURPOSES FOR WHICH DONORS HAVE MADE THEIR DONATIONS, SUCH AS CAPITAL IMPROVEMENTS (NEW ATHLETIC FIELDS). THE LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION (FOUNDATION) PROVIDES FINANCIAL SUPPORT TO THE STUDENTS AND THE GRADUATES OF THE COLLEGE, AS WELL AS TO THE COLLEGE ITSELF. IN ADDITION TO ANNUAL OPERATING SUPPORT OF OVER $700,000 GIVEN TO THE COLLEGE BY THE FOUNDATION, AN ANNUAL GIFT OF $75,000 IS GIVEN TO THE COLLEGE WITH THE ONLY RESTRICTION THAT THE FUNDS BE USED FOR STUDENT SCHOLARSHIPS, WHICH DURING THE FISCAL YEAR ENDING JUNE 30, 2016, HELPED WITH THE TUITION OF AT LEAST 116 STUDENTS. IN ADDITION, STUDENTS WERE PROVIDED WITH REVENUE FROM NEARLY 60 SCHOLARSHIP AND AWARD FUNDS, INCLUDING AN ENDOWED FUND THAT COVERS TUITION AND FEES FOR THE LAST TWO YEARS OF QUALIFIED COLLEGE GRADUATES' BACHELOR'S DEGREES AT SELECT PENNSYLVANIA INSTITUTIONS. THE FOUNDATION AGAIN FUNDED MORE THAN 70 STUDENTS WITH SCHOLARSHIPS FOR ENGLISH AS A SECOND LANGUAGE AND GED STUDY AND TESTING AT THE COLLEGE. 832304 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 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 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X MARYBETH O'DEA 6107991711 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 X ELLEN MILLARD-KERN CHAIRPERSON 0.10 X X 0 0 0 KATHY KOVATCH REAMAN VICE CHAIR AND SECRETARY 0.10 X X 0 0 0 THOMAS D OLEKSA TREASURER 0.10 X X 0 0 0 ANNABELLE CREVELING TRUSTEE REPRESENTATIVE 0.10 X 0 0 0 TONY BOYLE BOARD MEMBER 0.10 X 0 0 0 ROBIN FLORES BOARD MEMBER 0.10 X 0 0 0 RONALD GLASS BOARD MEMBER 0.10 X 0 0 0 CHRISTOPHER JORDAN BOARD MEMBER 0.10 X 0 0 0 BRIAN KAHLER BOARD MEMBER 0.10 39.50 X 0 129723 20725 RICHARD KERN BOARD MEMBER 0.10 X 0 0 0 BERNARD LESAVOY BOARD MEMBER 0.10 X 0 0 0 DAVID LOBACH BOARD MEMBER 0.10 X 0 0 0 RON NEIMEYER BOARD MEMBER 0.10 X 0 0 0 KENT NEWHART BOARD MEMBER 0.10 X 0 0 0 DALE ROTH BOARD MEMBER 0.10 X 0 0 0 CHRISTINA SCHOEMAKER BOARD MEMBER 0.10 X 0 0 0 BETTY SMITH BOARD MEMBER 0.10 X 0 0 0 WILLARD SNYDER BOARD MEMBER 0.10 X X 0 0 0 TIM HERRLINGER MSIT EXECUTIVE DIRECTOR (THRU 10/2015) 40.00 X 0 68002 17962 KATIE SANTORO STARTED 42016 INTERIM DIRECTOR 40.00 X 0 0 0 0 197725 38687 0 0 1 0 0 69630 826189 13563 895819 149500 149500 522720 91603 431117 431117 431117 1145448 1076224 69224 69224 69224 11680 69630 30021 -18341 -18341 MISCELLANEOUS REVENUE 900099 2720 0 2720 2720 1530039 431117 0 203103 175821 175821 656483 656483 1200 1200 12650 12650 30097 30097 1400 1400 675 675 9090 9090 ALL OTHER EXPENSES 15422 15422 EVENT EXPENSES 11025 11025 STEWARDSHIP MATERIALS 3900 3900 RESEARCH 1215 1215 918978 832304 70534 16140 5069 188875 606029 255899 1466855 1226971 2519 1000 6679617 1200256 5570964 5479361 8783705 9497163 236575 43339 30467 16478480 16916311 22905 69958 52861 688001 69958 763767 X 10486386 10157533 1970856 2072074 3951280 3922937 16408522 16152544 16478480 16916311 611061 -317971 -549068 0 X X 0 1 X 1 0 X 157235 815107 553891 1060092 1050819 3637144 157235 815107 553891 1060092 1050819 3637144 753164 2883980 601150 552230 692416 617814 672220 3135830 1602 2644 664 2720 7630 6780604 0.42530 0.33800 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EXPENSE REIMBURSEMENT - 2013 AMOUNT: $ 1,710. 2014 AMOUNT: $ 0. MISCELLANEOUS REVENUE - 2012 AMOUNT: $ 1,602. 2013 AMOUNT: $ 934. 2014 AMOUNT: $ 664. 2015 AMOUNT: $ 2,720. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 4809169 190000 -43258 1000 4954911 3117186 1049938 88443 80000 4175567 2684560 162750 312751 42875 3117186 2101072 500222 83266 2684560 2117147 7986 -24061 2101072 0.15000 0.79000 0.06000 0 0 572725 572725 6106892 1200256 4906636 5479361 1333692 -317971 121624 -196347 1530039 0 1530039 1040602 121624 121624 918978 0 918978 PART IV, LINE 2B: THE FOUNDATION SERVES AS CUSTODIAN FOR THE COLLEGE'S RADIO STATION PROCEEDS FUND. THE FUND IS MANAGED ALONG WITH ALL OTHER FOUNDATION ENDOWMENT ACCOUNTS AND IS INVESTED IN ACCORDANCE WITH THE FOUNDATION'S INVESTMENT POLICY. THE COLLEGE HAS THE RIGHT TO WITHDRAWAL FUNDS AT ANY TIME AND RECEIVES AN ANNUAL DISBURSEMENT FROM THE FOUNDATION EQUAL TO UP TO SEVENTY-FIVE (75%) PERCENT OF THE INVESTMENT EARNINGS ON, OR FIVE (5%) PERCENT OF, THE BALANCE OF THE FUND PRINCIPAL, WHICHEVER IS GREATER, OR SOME OTHER AMOUNT AS DETERMINED BY THE COLLEGE WITH THE APPROVAL OF THE BOARD OF TRUSTEES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES DIRECT FUNDRAISING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES DIRECT FUNDRAISING EXPENSES PART V, LINE 4 ALL ENDOWMENT FUNDS ARE RESTRICTED BY THE DONOR OR BY THE BOARD SPECIFICALLY FOR THE USE OF THE COLLEGE TO FURTHER ITS MISSION THROUGH SCHOLARSHIPS AND RELATED FUNDING. PART V, LINE 1A DURING 2013, LEHIGH CARBON COMMUNITY COLLEGE SOLD THE RIGHTS TO THE COLLEGE RADIO STATION. THOSE PROCEEDS, PER A BOARD OF TRUSTEE RESOLUTION, WERE SENT TO THE FOUNDATION FOR INVESTMENT. THE FOUNDATION REPORTED THESE FUNDS AS CONTRIBUTION REVENUE AND INVESTMENTS. AFTER FURTHER REVIEW OF THE RESOLUTION THIS YEAR, IT HAS BEEN DETERMINED THE FOUNDATION HAS INVESTED THE FUNDS ON BEHALF OF THE COLLEGE. THEREFORE, A CORRESPONDING LIABILITY WAS PLACED ON THE FOUNDATION BALANCE SHEET TO OFFSET THE INVESTMENT AND BEGINNING OF YEAR ENDOWMENT NET ASSET BALANCES WERE RESTATED BY $633,602. GOLF TOURNAMENT 41770 38680 3090 1400 5460 6308 2272 CLAYSHOOT 24540 22800 1740 1353 7125 2655 1 15000 8150 6850 2748 700 81310 69630 11680 2753 12585 11711 2972 30021 -18341 1 LEHIGH CARBON COMMUNITY COLLEGE 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 231670163 LEHIGH CARBON CC 175821 CASH GRANTS ARE TO ASSIST IN SUPPORTING THE COLLEGE'S EDUCATIONAL FUNCTIONS. 1 0 SCHOLARSHIPS 618 656483 PART I, LINE 2: ALL GRANTS ARE SCHOLARSHIPS TO PARTICULAR STUDENTS/ALUMNI AS PART OF A SPECIFIC SCHOLARSHIP PROGRAM. GRANTEES HAVE THEIR FUNDING SENT DIRECTLY TO THE RECIPIENT INSTITUTION - NO GRANTEE RECEIVES DIRECT FUNDING. ALL GRANTS TO THE COLLEGE ARE REFLECTIVE OF COLLEGE PRIORITIES INCLUDING SCHOLARSHIPS AND OTHER FINANCIAL AID, PURSUANT TO THE FOUNDATION'S AND COLLEGE'S MISSIONS, AND ARE CONTRIBUTED FROM ESTABLISHED FOUNDATION ACCOUNTS WITH SPECIFICALLY DESIGNATED PURPOSES. THE FOUNDATION STRIVES TO HAVE A FUND DOCUMENT FOR EACH ESTABLISHED ACCOUNT DESCRIBING ITS ORIGIN, PURPOSE, AND MECHANISM. BY THE TERMS OF THE OPERATING AGREEMENT BETWEEN THE COLLEGE AND THE FOUNDATION, THE COLLEGE MAY FROM TIME TO TIME MAKE ADDITIONAL REQUESTS FOR FUNDING, WHICH ARE RUN THROUGH AN ESTABLISHED PROCESS OF REVIEW AND CONSIDERATION BY THE FOUNDATION. 0 0 0 0 0 0 0 0 0 BRIAN KAHLER BOARD MEMBER 0 129723 0 0 0 0 0 20725 0 0 0 150448 0 0 SCHEDULE J SALARY REPORTING MR BRIAN KAHLER IS A BOARD MEMBER AND EXECUTIVE OF THE RELATED ENTITY LEHIGH CARBON COMMUNITY COLLEGE. HIS SALARY IS REPORTABLE UPON ITS EXCEEDING THE THRESHOLD FOR REPORTING. X 1 NYSE X VARIOUS 0 13563 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR LINE NINE REPRESENTS THE NUMBER OF CONTRIBUTORS PART I, LINE 33: THE SECURITIES CONTRIBUTION REPORTED ON LINE 9 REPRESENTS PAYMENT ON A PLEDGE RECEIVABLE. AS SUCH, THIS IS NOT REFLECTED AS CONTRIBUTION REVENUE IN FORM 990, PART VIII, LINE 1, OR ON SCHEDULE B IN THE CURRENT YEAR. THE SECURITIES HAD A VALUE OF $305,660 WHEN RECEIVED. FORM 990, PART VI, SECTION B, LINE 11 THE COLLEGE VICE PRESIDENT OF FINANCE AND THE FOUNDATION BUSINESS MANAGER PERFORM AN INITIAL REVIEW OF THE FORM 990. ONCE THEY ARE SATISFIED, THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS IN ADVANCE OF FILING. THE DIRECTORS ARE GIVEN SEVERAL WEEKS TO REVIEW AND COMMENT. ALL COMMENTS ARE NOTED BEFORE THE FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A DIRECTOR IS SELECTED AS COMPLIANCE OFFICER FOR THE FISCAL YEAR AND IS DESIGNATED AS THE INITIAL ARBITER FOR CONFLICTS. THE BOARD REVIEWS THE ARBITER'S REVIEW OF THE SITUATION, IF ANY, AND DETERMINES WHETHER A COURSE OF ACTION IS NECESSARY. THE EXECUTIVE DIRECTOR OR AN OTHER BOARD-DESIGNEE CARRIERS OUT THE ACTIONS OF THE BOARD. ALL DIRECTORS AND THE EXECUTIVE DIRECTOR ARE COVERED UNDER THE POLICY, WHICH IS RENEWED ANNUALLY. THERE ARE NO RESTRICTIONS ON PERSONS WITH A CONFLICT UNLESS THE BOARD DEEMS IT IN THE BEST INTEREST OF THE FOUNDATION AND THE COLLEGE. IN ADDITION TO ANNUAL RESEARCH BY THE EXECUTIVE DIRECTOR, EACH DIRECTOR COMPLETES A CONFLICT OF INTEREST FILING THAT INCLUDES, AMONG OTHER ITEMS, THE REPORTING OF FAMILIAL RELATIONSHIPS. ALTHOUGH THE FORM DOES NOT SPECIFICALLY MENTION BUSINESS RELATIONSHIPS, THESE ARE DISCUSSED AT THE ANNUAL MEETING WHEN THE NEW FISCAL YEAR FORMS ARE DISSEMINATED. THE FOUNDATION BOARD MEMBERS ARE EXPECTED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. THEY SHOULD IDENTIFY IN WRITING ANY SUCH CONFLICTS TO THE CHAIRMAN OF THE BOARD PRIOR TO ENGAGING IN THE ACTIVITY THAT POSES THE POTENTIAL CONFLICT. IF A CONFLICT OF INTEREST IS FOUND TO EXIST, THE BOARD MEMBER INVOLVED SHOULD RECUSE HIMSELF/HERSELF FROM PARTICIPATION IN DECISIONS ON BEHALF OF THE FOUNDATION THAT AFFECT HIS/HER PERSONAL INTERESTS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION IN THE OFFICE OF THE FOUNDATION, 4525 EDUCATION PARK DRIVE, SCHNECKSVILLE, PA 18078 BETWEEN 8AM AND 5PM DAILY, MONDAY THROUGH FRIDAY. ALL DOCUMENTS ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15A AND 15 B NO DIRECTOR RECEIVED COMPENSATION FROM THE FOUNDATION. THE EXECTUIVE DIRECTOR IS PAID BY THE COLLEGE. FORM 990, PART VII THE EXECUTIVE DIRECTOR IS COMPENSATED BY ITS RELATED ENTITY, LEHIGH CARBON COMMUNITY COLLEGE. THE COLLEGE HAS A COMPENSATION DETERMINATION PROCESS IN PLACE WHICH ENSURES THAT ALL OFFICERS' COMPENSATION IS WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LEHIGH CARBON COMMUNITY COLLEGE 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 231670163 COMMUNITY COLLEGE PA N/A 0 0 1 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0 1 LEHIGH CARBON COMMUNITY COLLEGE B 175821 CONTRIBUTION MADE LEHIGH CARBON COMMUNITY COLLEGE J 522720 MARKET VALUE LEHIGH CARBON COMMUNITY COLLEGE S 138933 AMOUNT TRANSFERRED FOR INVESTMENT