2015-05-15T11:36:17-05:00 2014-06-30 450250958 EIDE BAILLY LLP 877 W MAIN ST STE 800 BOISE ID 83702 990 2013-07-01 237052989 TREASURE VALLEY COMMUNITY COLLEGE FOUNDATION TREA 5418815595 650 COLLEGE BLVD ONTARIO OR 97914 RANDY R GRIFFIN FINANCIAL MANAGER 5418815595 2015-05-14 KIM HUNWARDSEN CPA P00484560 2083447150 2015-05-14 2013 2016-03-07 17:11:31Z RANDY R GRIFFIN 650 COLLEGE BLVD ONTARIO OR 97914 2013276 0 X WWW.TVCC.CC/ABOUT/FOUNDATION X 1962 OR CREATING SCHOLARSHIPS AND ENHANCING THE ENVIRONMENT FOR STUDENT LIFE AND ACTIVITIES. 19 19 0 20 0 0 399769 609257 0 0 150190 357340 31758 108 581717 966705 568370 961442 0 0 0 0 0 0 2388 99523 124545 667893 1085987 -86176 -119282 5246667 5515981 3600 36109 5243067 5479872 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 541332 541332 SUPPORT TO TREASURE VALLEY COMMUNITY COLLEGE FOR EDUCATIONAL SCHOLARSHIPS. THE FOUNDATION AWARDED $541,332 IN SCHOLARSHIPS TO TVCC STUDENTS DURING THE FISCAL YEAR ENDING 6/30/14. 420110 420110 108 CAPITAL SUPPORT FOR TREASURE VALLEY COMMUNITY COLLEGE. 961442 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 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 X RANDY GRIFFIN 5418818822 650 COLLEGE BLVD ONTARIO OR 97914 BARBARA OLSON BOARD CHAIR 1.50 X X 0 0 0 GARY HALCOM BOARD VICE CHAIR 1.50 X X 0 0 0 EVELYN DAME BOARD PAST CHAIR 1.50 X X 0 0 0 DONNA JONES BOARD 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 DEBBIE BLACKABY BOARD MEMBER AT LARGE 1.50 X X 0 0 0 BIL CARTER BOARD MEMBER 0.80 X 0 0 0 JOHN FORSYTHE BOARD MEMBER 0.80 X 0 0 0 LAKEN GOBEL BOARD MEMBER 0.80 X 0 0 0 SANDY HEMENWAY BOARD MEMBER 0.80 X 0 0 0 ARWUN LARSON BOARD MEMBER 0.80 X 0 0 0 CLIFF LOONEY BOARD MEMBER 0.80 X 0 0 0 RON KULM BOARD MEMBER 0.80 X 0 0 0 RITA LEWIS BOARD MEMBER 1.00 X 0 0 0 LARRY ROBB BOARD MEMBER 0.80 X 0 0 0 PRUDI SHERMAN BOARD MEMBER 1.00 X 0 0 0 JIM THOMSSEN BOARD MEMBER 0.80 X 0 0 0 JULIE VAN MATRE BOARD MEMBER 0.80 X 0 0 0 CATHY YASUDA EXECUTIVE DIRECTOR 20.00 20.00 X 0 70643 25498 RANDY R GRIFFIN FINANCIAL MANAGER/TREASURER 20.00 20.00 X 0 102078 34205 0 172721 59703 0 0 0 0 0 609257 55023 609257 104321 104321 1299590 1046571 253019 253019 253019 OTHER REVENUE 900099 108 108 108 966705 108 0 357340 785579 785579 175863 175863 54113 54113 58123 58123 9921 9921 GENERAL FUNDRAISING EXP 2388 2388 1085987 961442 122157 2388 701888 310908 762641 357006 274864 167668 10000 0 3497274 4680399 5246667 5515981 3600 36109 3600 36109 X 831449 808220 1571387 1722488 2840231 2949164 5243067 5479872 5246667 5515981 -119282 356087 0 X X 0 1 X 1 0 X 1905502 2518515 1106362 399769 609257 6539405 143862 111706 121733 127935 505236 1905502 2662377 1218068 521502 737192 7044641 632058 6412583 106741 81899 83642 87986 104321 464589 1477 33434 108 35019 7544249 111877 0.85000 0.84800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3155900 108933 713427 76757 3901503 3275992 182341 349844 652277 3155900 3034022 195036 73582 26648 3275992 2205302 347345 555031 73656 3034022 1976324 44537 224939 40498 2205302 0.00000 0.75590 0.24410 0 0 0 X 1450727 356087 127935 484022 966705 0 966705 1213922 127935 127935 1085987 0 1085987 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 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). 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. 1 TREASURE VALLEY COMMUNITY COLLEGE 650 COLLEGE BLVD ONTARIO OR 97914 930507187 STATE OF OREGON 785579 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 130 175863 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 MATERIALS & S 1 55023 FMV AT DONATION DATE 0 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 THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS AT THEIR MONTHLY MEETING BEFORE BEING FILED WITH THE INTERNAL REVENUE SERVICE. IT IS REVIEWED AND ANY QUESTIONS OR CONCERNS ARE RESOLVED BY THE BOARD OF DIRECTORS. IN ADDITION, ONCE THE ANNUAL AUDIT HAD 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 EXECUTIVE DIRECTOR AND FINANCIAL OFFICER OF THE FOUNDATION ARE PAID BY THE COLLEGE; 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 VI, LINE 15: THE ORGANIZATION DOES NOT COMPENSATE ANY EMPLOYEES OR STAFF. THE FOUNDATION STAFF ARE PAID DIRECTLY BY TREASURE VALLEY COMMUNITY COLLEGE; 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 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 0 0 0 0 0 0 TREASURE VALLEY COMMUNITY COLLEGE B 785579 BOOK