2016-07-14T11:12:20-05:00 2015-08-31 271728945 PKF O'CONNOR DAVIES LLP 32 FOSTERTOWN RD NEWBURGH NY 12550 990 2014-09-01 222484101 DUTCHESS COMMUNITY COLLEGE FOUNDATION INC DUTC 8454318400 53 PENDELL ROAD POUGHKEEPSIE NY 12601 DR WILLIAM F ANDERSON ASST TREASURER 8454318400 2016-07-14 1 GARRETT M HIGGINS P00543209 8455655400 2016-07-14 2014 2016-09-27 15:27:22Z SUSAN A DOYLE 53 PENDELL ROAD POUGHKEEPSIE NY 12601 2035608 0 X WWW.SUNYDUTCHESS.EDU/ALUMNI/FOUNDATION/ X 1975 NY SUPPORT FOUNDATION FOR DUTCHESS COMMUNITY COLLEGE IN POUGHKEEPSIE, NEW YORK. 28 28 0 50 0 0 931611 1627051 0 0 169699 192335 -100877 -114276 1000433 1705110 498799 441209 0 0 0 0 0 0 36380 332181 304706 830980 745915 169453 959195 9616144 10129403 52133 53561 9564011 10075842 X TO RAISE FUNDS TO PROVIDE SCHOLARSHIPS AND SUPPORT FOR IMPORTANT INITIATIVES THAT WILL HAVE A SIGNIFICANT AND MEASURABLE IMPACT ON STUDENTS, FACULTY AND STAFF OF DUTCHESS COMMUNITY COLLEGE. 0 0 513469 441209 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 28, 2015 AT THE GRANDVIEW IN POUGHKEEPSIE, NY. THE COLLEGE TRULY IS THE BRIDGE THAT MANY IN OUR COMMUNITY NEED TO REACH THEIR GOALS. MORE THAN 400 PEOPLE ATTENDED THE EVENT TO HONOR INDIVIDUALS, LISA CATHIE '86, JOHN COPPOLA '82, ROBERT DYSON AND EMIL PANICHI. LISA AND JOHN WERE INDUCTED INTO THE ALUMNI HALL OF FAME FOR THEIR OUTSTANDING PROFESSIONAL CONTRIBUTIONS AND THEIR COMMITMENT TO OUR COMMUNITY. WE HONORED ROBERT DYSON 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 EMIL PANICHI 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 $300,000 IN SCHOLARSHIPS AWARDED EACH YEAR TO OVER 220 STUDENTS BY THE DCC FOUNDATION. GOLF TOURNAMENT: 26TH ANNUAL DUTCHESS COMMUNITY COLLEGE FOUNDATION GOLF TOURNAMENT AND DINNER IN MEMORY OF JACK ORCUTT 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 $56,000.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 29 & 30, 2014 MARKED THE CRAFT FAIR'S 43RD 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 ALMOST $24,000 IN PROCEEDS THAT PROVIDE DESERVING DCC STUDENTS WITH SCHOLARSHIPS. 513469 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 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 13 0 0 0 0 0 0 0 1 1 0 0 0 0 X 28 28 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 VICE CHAIR 2.00 1.00 X X 0 0 0 JEFFREY G SMITH CHAIR 2.00 1.00 X X 0 0 0 JIM FEDORCHAK SECRETARY 2.00 X X 0 0 0 MARTY TRIOLA TREASURER 2.00 X X 0 0 0 SUSAN A DOYLE CHAIR 2.00 X X 0 0 0 BERNARD HANDEL DIRECTOR 2.00 X 0 0 0 CARL DENTI DIRECTOR 2.00 X 0 0 0 CHRIS MEYER DIRECTOR 2.00 X 0 0 0 DENNIS DENGEL DIRECTOR 2.00 X 0 0 0 ELLEN BAKER DIRECTOR 2.00 X 0 0 0 ELLEN O'SULLIVAN DIRECTOR 2.00 X 0 0 0 GLEN GRAY DIRECTOR 2.00 X 0 0 0 JACQUELINE GOFFE-MCNISH DIRECTOR 2.00 X 0 0 0 KIP BLEAKLEY O'NEILL DIRECTOR/BOT LIASON 2.00 X 0 0 0 LARRY W JOHNSON DIRECTOR 2.00 X 0 0 0 MICHAEL CAMPAGNA DIRECTOR 2.00 X 0 0 0 MICHELLE MCCOURT DIRECTOR 2.00 X 0 0 0 PAMELA EDINGTON DIRECTOR 2.00 X 0 0 0 RAYMOND FREDA DIRECTOR 2.00 X 0 0 0 RYAN FOHL DIRECTOR 2.00 X 0 0 0 SHIRLEY BRERETON DIRECTOR 2.00 X 0 0 0 SUSAN MCCLELLAND BOYCE DIRECTOR 2.00 X 0 0 0 TERRY STEWART DIRECTOR 2.00 X 0 0 0 VINCENT NUNZIATO DIRECTOR 2.00 X 0 0 0 VINNY MILLER DIRECTOR 2.00 X 0 0 0 JULIE AUDIA DIRECTOR 2.00 X 0 0 0 JOHN MAZZETTI DIRECTOR 2.00 X 0 0 0 DICK REITANO DIRECTOR 2.00 X 0 0 0 WILLIAM ANDERSON ASSISTANT TREASURER 2.00 X 0 0 0 CHRISTINE KANE EXECUTIVE DIRECTOR THRU 9/14 35.00 X 0 80731 1467 DIANA POLLARD EXECUTIVE DIRECTOR AS OF 9/14 35.00 X 0 89758 19746 0 170489 21213 0 0 0 0 0 247621 1379430 91095 1627051 188944 188944 143618 140227 3391 3391 3391 73104 247621 190271 -117167 -117167 MISCELLANEOUS 900099 2891 2891 2891 1705110 0 0 78059 441209 441209 7300 7300 45181 45181 72225 2000 70225 750 750 85079 42835 20550 21694 10097 3643 6431 23 75 75 9420 9420 1316 1316 FOOD 38082 15887 20191 2004 MISCELLANEOUS 17093 911 4994 11188 DONATED ARTWORK & GOODS 13533 3408 10125 BAD DEBTS 1860 1500 360 2695 760 824 1111 745915 513469 196066 36380 300 300 377771 205426 33027 66918 2865 765 50 41991 55435 43382 43382 9420 0 9152870 9798409 9616144 10129403 25958 24926 26175 28635 52133 53561 X 88483 143297 3584079 3071720 5891449 6860825 9564011 10075842 9616144 10129403 959195 -447364 0 X X 0 1 X 1 0 X 1191902 875186 876827 931611 1627051 5502577 1191902 875186 876827 931611 1627051 5502577 1431348 4071229 152796 162198 151160 168207 188944 823305 2629 4725 1086 26 2891 11357 6337239 462903 0.64240 0.70250 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2010 AMOUNT: $ 2,629. 2011 AMOUNT: $ 4,725. 2012 AMOUNT: $ 1,086. 2013 AMOUNT: $ 26. 2014 AMOUNT: $ 2,891. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10324 X X 0 8396439 949067 -242438 232002 8871066 7424463 218778 1084812 331614 8396439 6535575 329374 697496 137982 7424463 6070330 78177 508144 121076 6535575 5052923 484711 609462 125169 6021927 0.02010 0.77340 0.20650 0 0 5700 5700 0 37682 37682 0 0 X 1632269 -447364 302537 117167 -27660 1659929 45181 45181 1705110 1120438 302537 117167 419704 700734 45181 45181 745915 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 $10,324 DURING THE YEAR ENDED AUGUST 31, 2015. 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 IF THOSE POSITIONS 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, 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADDITIONAL SPECIAL EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 117,167. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADDITIONAL SPECIAL EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 117,167. 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 222397 162397 60000 10731 53444 4000 62979 GOLF TOURNAMENT 53873 40769 13104 3248 13734 23990 1 44455 44455 18145 320725 247621 73104 13979 67178 4000 105114 190271 -117167 1 DUTCHESS COMMUNITY COLLEGE 53 PENDELL ROAD POUGHKEEPSIE NY 12601 146012314 501(C)(3) 390103 TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING THE COLLEGE 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. X 5 10324 FAIR MARKET VALUE X 3138 FAIR MARKET VALUE X 10766 FAIR MARKET VALUE X 20 26224 FAIR MARKET VALUE X GIFT CERTIFICATES 80 37053 FAIR MARKET VALUE X JEWLERY 23 3040 FAIR MARKET VALUE X CRAFT FAIR GOODS 15 550 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): REPORTED IN COLUMB (B) ARE THE NUMBER OF CONTRIBUTORS 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 A RELATED 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 ADDTION, 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.