2016-05-16T11:11:15-05:00 2015-06-30 450250958 EIDE BAILLY LLP 877 W MAIN ST STE 800 BOISE ID 83702 990 2014-07-01 237052989 TREASURE VALLEY COMMUNITY COLLEGE FOUNDATION TREA 5418815595 650 COLLEGE BLVD ONTARIO OR 97914 KEVIN KIMBALL FINANCIAL MANAGER 5418815595 2016-05-13 KIM HUNWARDSEN CPA P00484560 2083447150 2016-05-13 2014 2016-08-17 19:52:53Z CATHY YASUDA 650 COLLEGE BLVD ONTARIO OR 97914 1809109 0 X WWW.TVCC.CC/ABOUT/FOUNDATION X 1962 OR CREATING SCHOLARSHIPS AND ENHANCING THE ENVIRONMENT FOR STUDENT LIFE AND ACTIVITIES. 19 19 0 25 0 0 609257 523129 0 0 357340 313388 108 5956 966705 842473 961442 771889 0 0 0 0 0 0 0 124545 172626 1085987 944515 -119282 -102042 5515981 5429666 36109 152249 5479872 5277417 X THE TVCC FOUNDATION IS COMMITTED TO PROVIDING EDUCATIONAL OPPORTUNITIES FOR EVERY STUDENT WITH THE DESIRE AND DRIVE TO GO TO SCHOOL. IT IS THIS COMMITMENT THAT DRIVES THE MISSION OF THE FOUNDATION: TO IMPROVE THE QUALITY OF LIFE FOR TVCC STUDENTS BY CREATING SCHOLARSHIPS AND ENHANCING THE ENVIRONMENT FOR STUDENT LIFE AND ACTIVITIES. 0 0 377868 377868 SUPPORT TO TREASURE VALLEY COMMUNITY COLLEGE FOR EDUCATIONAL SCHOLARSHIPS - 244 SCHOLARSHIPS AWARDED DURING 2015. 394021 394021 CAPITAL SUPPORT FOR TREASURE VALLEY COMMUNITY COLLEGE. 771889 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 OR X SHIRLEY HAIDLE 5418815842 650 COLLEGE BLVD ONTARIO OR 97914 GARY HALCOM BOARD CHAIR 1.50 X X 0 0 0 DONNA JONES BOARD VICE CHAIR 1.50 X X 0 0 0 BARBARA OLSON BOARD PAST CHAIR 1.50 X X 0 0 0 DEBBIE BLACKABY SECRETARY 1.50 X X 0 0 0 BOB KEMBLE BOARD TREASURER 1.50 X X 0 0 0 JUDY CORDENIZ BOARD MEMBER AT LARGE 1.50 X X 0 0 0 BIL CARTER BOARD MEMBER AT LARGE 1.50 X X 0 0 0 EVELYN DAME BOARD MEMBER 0.80 X 0 0 0 JOHN FORSYTHE BOARD MEMBER 0.80 X 0 0 0 RON KULM BOARD MEMBER 0.80 X 0 0 0 ARWYN LARSON BOARD MEMBER 0.80 X 0 0 0 RITA LEWIS BOARD MEMBER 0.80 X 0 0 0 CLIFF LOONEY BOARD MEMBER 0.80 X 0 0 0 KAREN RILEY BOARD MEMBER 0.80 X 0 0 0 LARRY ROBB BOARD MEMBER 1.00 X 0 0 0 PRUDI SHERMAN BOARD MEMBER 0.80 X 0 0 0 JIM THOMSSEN BOARD MEMBER 1.00 X 0 0 0 JULIE VAN MATRE BOARD MEMBER 0.80 X 0 0 0 JUDGE FRANK YRAGUEN BOARD MEMBER 0.80 X 0 0 0 CATHY YASUDA EXECUTIVE DIRECTOR 20.00 20.00 X 0 69034 15671 RANDY R GRIFFIN FINANCIAL MANAGER/TREASURER 20.00 20.00 X 0 104728 12898 0 173762 28569 0 0 0 0 0 12665 510464 166132 523129 117579 117579 1152870 957061 195809 195809 195809 15531 12665 9575 5956 5956 842473 0 0 319344 394021 394021 377868 377868 61839 61839 37230 37230 73557 73557 944515 771889 172626 0 310908 333194 357006 252346 167668 4680399 4844126 5515981 5429666 36109 152249 36109 152249 X 808220 728680 1722488 1439845 2949164 3108892 5479872 5277417 5515981 5429666 -102042 -100413 0 X X 0 1 X 1 0 X 2518515 1106362 399769 609257 523129 5157032 143862 111706 121733 127935 169318 674554 2662377 1218068 521502 737192 692447 5831586 755501 5076085 81899 83642 87986 104321 117579 475427 1477 33434 108 35019 6342032 54607 0.80040 0.85000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3901503 159728 149234 91044 4119421 3155900 108933 713427 76757 3901503 3275992 182341 349844 652277 3155900 3034022 195036 73582 26648 3275992 2205302 347345 555031 73656 3034022 0.75000 0.25000 0 0 0 X 891866 -100413 140231 39818 852048 -9575 -9575 842473 1094321 140231 9575 149806 944515 0 944515 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 80 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING EDUCATIONAL SCHOLARSHIPS, DEPARTMENTAL PROGRAM ACTIVITIES, AND CAPITAL CONSTRUCTION. THE ENDOWMENT CONSISTS OF DONOR-RESTRICTED ENDOWMENT FUNDS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED UPON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD OF DIRECTORS OF THE FOUNDATION HAS INTERPRETED THE OREGON UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE FOUNDATION CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF THE GIFTS DONATED TO THE PERMANENT ENDOWMENT, AND (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE ENDOWMENT. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURES BY THE FOUNDATION IN A MANNER THAT IS CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. IN ACCORDANCE WITH UPMIFA, THE FOUNDATION CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND OR ENDOWMENT THE PURPOSES OF THE FOUNDATION AND THE DONOR-RESTRICTED ENDOWMENT FUND GENERAL ECONOMIC CONDITIONS THE POSSIBLE EFFECT OF INFLATION AND DEFLATION THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS OTHER RESOURCES OF THE FOUNDATION THE INVESTMENT POLICIES OF THE FOUNDATION PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS AN OREGON NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1(A)(IV)AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE FOUNDATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FOUNDATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. THE FOUNDATION HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED IN REVENUE FOR TAX PURPOSES -9,575. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED IN REVENUE FOR TAX PURPOSES 9,575. GALA 28196 12665 15531 500 1424 6504 1147 28196 12665 15531 500 1424 6504 1147 9575 5956 1 TREASURE VALLEY COMMUNITY COLLEGE 650 COLLEGE BLVD ONTARIO OR 97914 930507187 STATE OF OREGON 394021 BOOK PLEDGED ASSISTANCE, SUPPLIES, OCCUPANCY EXPENSES, ADVERTISING ACADEMIC SUPPORT, SCHOLARSHIPS AND SCIENCE CENTER FUNDING 1 SCHOLARSHIP GRANTS TO TREASURE VALLEY COMMUNITY COLLEGE STUDENTS TO COVER TUITION AND FEES 244 377868 BOOK PART I, LINE 2: SCHOLARSHIPS ARE AWARDED THROUGH THE CONTROLS OF TREASURE VALLEY COMMUNITY COLLEGE'S (TVCC) FINANCIAL AID DEPARTMENT; THIS METHOD ENSURES THE STUDENT'S ENROLLMENT AND THE ULTIMATE DISBURSEMENT OF FUNDS. TREASURE VALLEY COMMUNITY COLLEGE DISPERSES FUNDS TO STUDENT ACCOUNTS AT TVCC; THESE FUNDS ARE USED PRIMARILY TO PAY STUDENT TUITION AND FEES FOR COURSEWORK AT TVCC. EXCESS FUNDS ARE DISPERSED TO STUDENTS ONCE THEIR PARTICIPATION IN COURSEWORK IS CONFIRMED. X 3 137045 X MATERIALS AND SUPPLIES 1 29087 FMV AT DONATION DATE 0 1 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE. DEPENDING ON THE TIMING, THIS COPY IS EITHER PROVIDED AT THEIR MONTHLY MEETING OR ELECTRONICALLY VIA EMAIL TO EACH DIRECTOR. THEY ARE ENCOURAGED TO DIRECT ANY QUESTIONS OR CONCERNS REGARDING THE 990 TO THE VP OF ADMINISTRATIVE SERVICES OR THE CFO OF TREASURE VALLEY COMMUNITY COLLEGE. IN ADDITION, ONCE THE ANNUAL AUDIT HAS BEEN PREPARED BY THE EXTERNAL AUDITORS, THAT INFORMATION IS ALSO REVIEWED AND PROVIDED TO THE FOUNDATION BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY AND ASKS ALL BOARD MEMBERS TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. COPIES OF CONFLICT OF INTEREST STATEMENTS SIGNED BY INDIVIDUAL BOARD MEMBERS ARE KEPT IN THE FOUNDATION OFFICES FOR REVIEW IF NEEDED. BOARD MEMBERS RECUSE THEMSELVES FROM VOTING ON ANY BUSINESS THAT THEY ARE INVOLVED IN THAT MAY BE IN CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY EMPLOYEES OR STAFF. ALL FOUNDATION STAFF ARE PAID DIRECTLY BY TREASURE VALLEY COMMUNITY COLLEGE AND THE COLLEGE PERFORMS A COMPENSATION STUDY TO ASCERTAIN THE SALARIES OF CURRENT TREASURE VALLEY COMMUNITY COLLEGE STAFF AND THEIR COUNTERPARTS AT OTHER SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN THE FOUNDATION'S OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE CURRENT YEAR. TREASURE VALLEY COMMUNITY COLLEGE 650 COLLEGE BLVD ONTARIO OR 97914 930507187 EDUCATION OR GOVERNMENTAL UNIT N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0