2015-02-16T15:36:58-06:00 2014-03-31 591818353 KAUFMAN ROSSIN & CO PA 2699 S BAYSHORE DRIVE MIAMI FL 33133 990 2013-04-01 596169745 MIAMI DADE COLLEGE FOUNDATION INC MIAM 3052373240 300 NE 2ND AVENUE NO 1423-1 MIAMI FL 33132 EH LEVERING FINANCIAL OFFICER 3052373240 2015-02-17 1 JANET FIFER CPA P01225772 3058585600 2015-02-17 2013 2016-02-25 16:41:14Z E H LEVERING 300 NE 2ND AVENUE NO 1423-1 MIAMI FL 33132 34626438 0 X MDCFOUNDATION.COM X 1996 FL TO PROVIDE DIRECT SUPPORT TO MIAMI DADE COLLEGE. 16 16 17 85 -194 -194 9324618 4567962 661980 161836 3405782 6849076 132823 40109 13525203 11618983 7947481 8371454 0 0 876738 1155431 0 0 163053 6967504 5791222 15791723 15318107 -2266520 -3699124 142308676 149097003 21646617 23575476 120662059 125521527 X SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION STATEMENT:MIAMI DADE COLLEGE FOUNDATION, INC IS A FLORIDA NOT-FOR-PROFIT CORPORATION FORMED TO SERVE AS A DIRECT-SUPPORT ORGANIZATION, AS DEFINED IN SECTION 1004.70 OF THE FLORIDA STATUTES, OF MIAMI DADE COLLEGE, WHICH IS LEGALLY SEPARATE BUT FINANCIALLY ACCOUNTABLE TO THE COLLEGE. THE FOUNDATION WAS ORGANIZED AND OPERATES EXCLUSIVELY TO RECEIVE, HOLD, INVEST, AND ADMINISTER PROPERTY AND TO MAKE EXPENDITURES TO, OR FOR THE BENEFIT OF THE COLLEGE INCLUDING EDUCATIONAL AND CULTURAL EVENTS. 0 0 8371454 8371454 THE FOUNDATION IS THE DIRECT SUPPORT ORGANIZATION FOR MIAMI DADE COLLEGE, THE LARGEST COLLEGE IN THE COUNTRY. STUDENTS CAN PURSUE DEGREES ON THE COLLEGE'S EIGHT CAMPUSES AND OTHER OUTREACH CENTERS IN MIAMI. A MAJORITY OF THE STUDENTS ARE CONSIDERED LOW INCOME AND LIVE BELOW THE FEDERAL POVERTY LEVEL. THE "OPPORTUNITY CHANGES EVERYTHING" PHILOSOPHY SUPPORTS GIVING SCHOLARSHIPS TO STUDENTS TO IMPROVE THEIR LIVES THROUGH EDUCATION. THE FOUNDATION AWARDED NUMEROUS SCHOLARSHIPS DURING THE CURRENT YEAR, WITH A VAST MAJORITY TO STUDENTS ATTENDING MIAMI DADE COLLEGE. THE REMAINING SCHOLARSHIPS WERE AWARDED TO GRADUATES OF MDC FOR FURTHER STUDIES AT OTHER COLLEGES AND UNIVERSITIES. 4261076 161836 THE SECOND LARGEST PROGRAM AREA IS GENERAL PROGRAM SUPPORT FOR MIAMI DADE COLLEGE. SUPPORT FOR THE COLLEGE'S SCHOOL OF NURSING, FOR EXAMPLE IS HELPING ALLEVIATE THE CRITIAL SHORTAGE OF NURSING PROFESSIONALS. THIS INCLUDES BOTH DIRECT PAYMENT OF EXPENSES ON BEHALF OF THE COLLEGE AND REIMBURSEMENT OF EXPENSES PAID BY THE COLLEGE. THE ORGANIZATION ALSO PROVIDES SUPPORT FOR THE MIAMI INTERNATIONAL FILM FESTIVAL WHICH IS HELD BY THE COLLEGE. THE FESTIVAL PRESENTS THE BEST OF EMERGING AND ESTABLISHED FILM TO THE LOCAL AND INTERNATIONAL COMMUNITY WITHIN AN EDUCATIONAL FRAMEWORK. 12632530 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 63 0 17 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X LISA L MARION CPA 3052373222 300 NE 2ND AVENUE RM 1427 MIAMI FL 33132 X PENNY SHAFFER BOARD MEMBER 2.00 X 0 0 0 MIGUEL G FARRA BOARD MEMBER 2.00 X 0 0 0 EDUARDO J PADRON PRESIDENT 2.00 X X 0 0 0 JULIE GRIMES CHAIRMAN 2.00 X X 0 0 0 BEATRICE LOUISSAINT SECRETARY 2.00 X X 0 0 0 AUGUSTO GIL TREASURER 2.00 X X 0 0 0 MARIA C ALONSO BOARD MEMBER 2.00 X 0 0 0 SHELDON ANDERSON BOARD MEMBER 2.00 X 0 0 0 HELEN AGUIRRE FERRE BOARD MEMBER 2.00 X 0 0 0 ARTHUR J FURIA BOARD MEMBER 2.00 X 0 0 0 MARIA JOHNSTON BOARD MEMBER 2.00 X 0 0 0 JORGE A PLASENCIA VICE CHAIRMAN 2.00 X X 0 0 0 ALFREDO SALAS BOARD MEMBER 2.00 X 0 0 0 ALEXANDRA VILLOCH BOARD MEMBER 2.00 X 0 0 0 DR JOSE VINCENTE BOARD MEMBER 2.00 X 0 0 0 LOUIS WOLFSON III BOARD MEMBER 2.00 X 0 0 0 ANNABELLE ROJAS EXECUTIVE DIRECTOR 40.00 X 104927 0 0 NAIROBI ABRAMS DIRECTOR OF ALUMNI GIVING/ 40.00 X 122612 0 17422 LISA L MARION DIRECOTR OF FINANCE 40.00 X 102886 0 7239 330425 0 24661 3 0 0 0 0 624669 3943293 4567962 MEMBERSHIP FEES 900099 161836 161836 161836 1419078 1419078 28302389 22872391 5429998 5429998 5429998 106125 624669 135064 -28939 -28939 INVESTMENT INCOME 900099 69242 69242 PARTNERSHIP INCOME 900099 -194 -194 69048 11618983 161836 -194 6889379 X 8371454 8371454 954318 9207 945111 59818 577 59241 76166 735 75431 65129 628 64501 53000 53000 7000 7000 403464 403464 893676 337014 508724 47938 227920 140575 20132 67213 444868 100633 298100 46135 30778 30778 192217 186094 6123 29022 23903 4281 838 23015 21280 1735 12354 12354 DIRECT PROGRAM SUPPORT 2917763 2911946 4888 929 ACTIVITIES & EVENTS 412666 385005 27661 AWARDS & RECOGNITIONS 172500 172500 HONORARIUM 5000 5000 -34021 -34021 15318107 12632530 2522524 163053 3134597 3148267 5357891 5496879 472678 472678 88260 88260 0 0 61463688 74927561 71574472 64730498 305350 321120 142308676 149097003 3915549 3874854 17731068 19700622 21646617 23575476 X 4312696 4045644 68621929 73779508 47727434 47696375 120662059 125521527 142308676 149097003 X -3699124 8558398 194 X X 0 1 X 1 0 X 6907130 9359581 9123349 9199618 3943293 38532971 6907130 9359581 9123349 9199618 3943293 38532971 14228992 24303979 1983137 1625470 1973467 1896039 1419078 8897191 2308 8761 1911 -1609 -194 11177 62650 204953 203527 90677 69242 631049 48072388 3919130 0.50560 0.46720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7000 7000 15311107 15318107 915905 228976 0 0 725879 784578 939586 915905 3365948 5048922 7000 7500 7000 7000 28500 181470 196145 234897 228976 841488 1262232 88609326 15058396 8371454 1922032 93374236 87658315 261298 9782580 9092867 88609326 89654794 1922724 729163 4648366 87658315 79184347 3840063 11319327 4688943 89654794 59927324 8774568 18906024 8423569 79184347 0 0 88260 88260 0 0 OFFSHORE FUNDS 33563516 F LIMITED PARTNERSHIPS 3889528 F SHORT TERM INVESTMENTS 2209696 F GOVERNMENT INVESTMENT POOLS 5367136 F SECURITIES LENDING INVESTED COLLATERAL 19700622 F 64730498 SECURITIES LENDING PAYABLE 19700622 19700622 20015509 8558398 106334 135064 8799796 11215713 403464 -194 403270 11618983 15156041 106334 135064 241398 14914643 403464 403464 15318107 PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FOR SPECIAL EVENTS REPORTED ON PAGE 9, LINE 8B 135,064. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME LOSS FROM PARTNERSHIP -194. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FOR SPECIAL EVENTS REPORTED ON PAGE 9, LINE 8B 135,064. PART X, LINE 2 FIN 48 FOOTNOTE TO FINANCIAL STATEMENTS: THE FOUNDATION ASSESSES ITS TAX POSITION IN ACCORDANCE WITH ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES AS PRESCRIBED BY THE ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN FOR OPEN TAX YEARS (GENERALLY A PERIOD OF THREE YEARS FROM THE LATER OF EACH RETURNS DUE DATE OR THE DATE FILED) THAT REMAIN SUBJECT TO EXAMINATION BY THE FOUNDATIONS MAJOR TAX JURISDICTIONS. GENERALLY, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY ITS MAJOR TAXING AUTHORITIES FOR YEARS BEFORE MARCH 31, 2010. THE FOUNDATION ASSESSES ITS TAX POSITIONS AND DETERMINES WHETHER IT HAS MATERIAL UNRECOGNIZED LIABILITIES FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION RECORDS THESE LIABILITIES TO THE EXTENT THAT IT DEEMS THEM MORE LIKELY THAN NOT TO BE INCURRED. INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, WOULD BE CLASSIFIED AS A COMPONENT OF INCOME TAX EXPENSE. THE FOUNDATION BELIEVES THAT IS DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION OR MEASUREMENT IN THE ACCOMPANYING FINANCIAL STATEMENTS. HALL OF FAME GALA 730794 624669 106125 4880 62644 67540 730794 624669 106125 4880 62644 67540 135064 -28939 0 SCHOLARSHIPS AND STUDENT AID 2656 8371454 FORM 990, PART VI, SECTION B, LINE 11 THE CHIEF FINANCIAL OFFICER AND DIRECTOR OF FINANCE REVIEW A DRAFT OF THE FORM 990 PROVIDED BY THE TAX RETURN PREPARER. CHANGES ARE MADE TO THE RETURN BASED ON ADDITONAL INFORMAITON PROVIDED TO THE PREPARER. THE FULL BOARD OF DIRECTORS WILL RECEIVE A COPY OF THE RETURN AS FILED AT THEIR NEXT MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE SECRETARY OF THE BOARD OF TRUSTEES REVIEWS ANNUAL DISCLOSURE STATEMENTS TO DETERMINE WHETHER A MATERIAL FINANCIAL INTEREST HAS BEEN DISCLOSED. IF A MATERIAL FINANCIAL INTEREST HAS BEEN DISCLOSED, THE SECRETARY PROMPTLY SUBMITS TO THE CHAIR OF THE BOARD AUDIT COMMITTEE, OR, IF THE INTERESTS INVOLVE THE CHAIR OF THE AUDIT COMMITTEE, TO ANOTHER MEMBER OF THE AUDIT COMMITTEE. SUCH DISCLOSURE FORMS TOGETHER WITH ANY ADDITIONAL INFORMATION ABOUT THE CURRENT OR PROPOSED TRANSACTION OR BUSINESS RELATIONSHIP THAT MAY GIVE RISE TO A CONFLICT OF INTEREST ARE REVIEWED TO DETERMINE IF A PROBLEM EXISTS. FORM 990, PART VI, SECTION B, LINE 15 HUMAN RESOURCES FOR MIAMI DADE COLLEGE IS RESPONSIBLE FOR RECOMMENDING THE STARTING SALARY OF AN EMPLOYEE TO THE COLLEGE PRESIDENT OR DESIGNEE FOR FINAL APPROVAL. THE COLLEGE'S SALARY ADMINISTRATION POLICY ESTABLISHES COMPENSATION PRACTICES AND GUIDELINES THAT ARE FAIR, EQUITABLE AND CONSISTENT WITH ANY FEDERAL, STATE OR LOCAL LAWS AND REGULATORY STATUTES. THE COMPENSATION DEPARTMENT IN HUMAN RESOURCES IS RESPONSIBLE FOR REVIEWING AND MAINTAINING JOB DESCRIPTIONS FOR FULL-TIME AND PART-TIME POSITIONS, CLASSIFICATION OF NEW POSITIONS, AND RECLASSIFICATION REVIEWS FOR CURRENT EMPLOYEES. OTHER RESPONSIBILITIES INCLUDE PREPARING SALARY SURVEYS (LOCAL, STATE AND FEDERAL) ANNUAL REVIEW/MAINTENANCE OF SALARY SCHEDULE, INCLUDING JOB CODES AND SALARY RANGES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST BY E-MAIL OR REGULAR MAIL. FORM 990, PART IX, LINE 24E BAD DEBT EXPENSE: PROGRAM SERVICE EXPENSES -34,021. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -34,021. FORM 990, PART XI, LINE 9: SCHEDULE K-1 PARTNERSHIP INCOME NOT REPORTED FOR BOOK PURPOSES 194. FORM 990, PART XI, LINE 2C: THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR TO THE PROCESS RELATED TO AUDIT OVERSIGHT AND SELECTION OF THE INDEPENDENT ACCOUNTANT FOR THE ORGANIZATION. MIAMI DADE COLLEGE 300 NE 2ND AVENUE MIAMI FL 33132 COLLEGE EDUCATION FL 501(C)(3) 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0