2015-02-06T20:31:38-06:00 2014-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 908010087 990 2013-07-01 956070198 LONG BEACH ROTARY SCHOLARSHIP FOUNDATION LONG 5624368181 1119 QUEENS HIGHWAY NO 103 LONG BEACH CA 908026390 JAMES WORSHAM CFO 5624368181 2015-01-22 1 DONITA M JOSEPH P00286656 5624351191 2015-01-22 2013 2016-02-25 16:41:14Z LETTY TOTAH 1119 QUEENS HIGHWAY NO 103 LONG BEACH CA 908026390 2271651 0 X WWW.ROTARYLONGBEACH.ORG X 1963 CA PROVIDE SCHOLARSHIP AWARDS TO COLLEGE STUDENTS. 15 14 0 15 0 0 100820 24251 0 0 424621 389800 100918 102307 626359 516358 276150 284500 0 0 13962 17976 0 0 0 56116 62091 346228 364567 280131 151791 7847054 8670819 38980 68380 7808074 8602439 TO PROVIDE FINANCIAL ASSISTANCE FOR ACHIEVING STUDENTS WHO MEET ELIGIBILITY REQUIREMENTS AND ATTEND LONG BEACH CITY COLLEGE OR CALIFORNIA STATE UNIVERSITY LONG BEACH. 0 0 284500 284500 THE FOUNDATION PROVIDES FUNDS FOR SCHOLARSHIPS AND GRANTS-IN-AID TO STUDENTS ENROLLED IN A COURSE OF EDUCATION AT CALIFORNIA STATE UNIVERSITY, LONG BEACH AND LONG BEACH CITY COLLEGE. 284500 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 CA X MADRID ZIMMERMAN 5624368181 1119 QUEENS HIGHWAY NO 103 LONG BEACH CA 908026390 CRAIG DOUGHERTY CHAIR 2.00 X X 0 0 0 CAM KILLINGSWORTH VICE-CHAIR 2.00 X X 0 0 0 JAMES WORSHAM CFO 2.00 X X 0 0 0 MARK SCHNEIDER SECRETARY 2.00 X X 0 0 0 FRANK NEWELL PAST CHAIR 2.00 X X 0 0 0 TOM CLARK BOARD MEMBER 2.00 X 0 0 0 DON COCHRAN BOARD MEMBER 2.00 X 0 0 0 CRAIG CROSS BOARD MEMBER 2.00 X 0 0 0 MARK CURTIS BOARD MEMBER 2.00 X 0 0 0 JERRY LANE BOARD MEMBER 2.00 X 0 0 0 BOB LUSKIN BOARD MEMBER 2.00 X 0 0 0 JANE NETHERTON BOARD MEMBER 2.00 X 0 0 0 STEVE SHAW BOARD MEMBER 2.00 X 0 0 0 JEAN SMITH BOARD MEMBER 2.00 X 0 0 0 BOB STEUBER BOARD MEMBER 2.00 X 0 0 0 SILVIA L TOTAH EXECUTIVE DIRECTOR 2.00 X 5303 0 0 COLLEEN BRAGALONE EXEC. DIRECTOR (UNTIL 10/31/13) 2.00 X 9763 0 0 15066 0 0 0 0 0 0 0 24251 24251 166136 166136 142920 40613 102307 102307 102307 1938344 1714680 223664 223664 223664 516358 0 0 492107 284500 284500 17976 17976 13685 13685 44386 44386 1219 1219 1290 1290 697 697 FOREIGN TAXES 585 585 BANK CHARGES 154 154 LICENSE AND FILING FEES 75 75 364567 284500 80067 0 49410 52786 649035 627721 11880 24120 1110813 585005 552181 525808 6584548 7440384 7847054 8670819 25300 54700 13680 13680 38980 68380 X 7709078 8492624 98996 109815 7808074 8602439 7847054 8670819 151791 642574 0 X 0 1 X 1 0 X X 0 0 0 CSULB 956106694 6 1 1 1 191250 LONG BEACH CITY COLLEGE 953297459 6 1 1 1 82400 2 273650 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 98996 14319 3500 109815 100000 -940 64 98996 1.00000 0 0 251550 251550 856767 583325 273442 2496 1680 816 525808 RENT DEPOSITS 13680 13680 X 1114546 642574 642574 471972 44386 44386 516358 320181 0 320181 44386 44386 364567 PART V, LINE 4: THE FOUNDATION RECEIVED TEMPORARILY RESTRICTED CONTRIBUTIONS DURING THE YEAR ENDED JUNE 30, 2013 FOR THE NEWELL FAMILY SCHOLARSHIP FUND TO BENEFIT OUTSTANDING HIGH SCHOOL STUDENTS FROM LONG BEACH POLYTECHNIC HIGH SCHOOL (POLY) AND LONG BEACH WILSON HIGH SCHOOL (WILSON). UNDER THIS SCHOLARSHIP PROGRAM, FUNDS ARE TO BE GIVEN EACH YEAR TO INCOMING FRESHMEN AT LONG BEACH CITY COLLEGE AND CALIFORNIA STATE UNIVERSITY LONG BEACH WHO HAVE GRADUATED FROM POLY OR WILSON. THESE STUDENTS ARE TO BE STUDENTS WHO HAVE OVERCOME CHALLENGES AND WHO ARE A SOURCE OF INSPIRATION THROUGH HIS OR HER ACCOMPLISHMENTS AND SERVICE TO THE COMMUNITY. AT LEAST 5% OF THE NET ASSET VALUE OF THE FUND IS TO BE USED EACH YEAR TO FUND THESE SCHOLARSHIPS. PART X, LINE 2: THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING STATUS OF TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE FOUNDATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 44,386. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 44,386. 1 CALIFORNIA STATE UNIVERSITY, LONG BEACH (CSULB) SCHOLARSHIPS 119 191250 CASH SCHOLARSHIPS FOR MILLENIUM, TRADITIONAL, AND PRESIDENTIAL SCHOLARS SLAUGHTER SCHOLARSHIPS 1 2500 CASH SCHOLARSHIPS FOR NURSING AND OTHER HEALTH CARE STUDENTS. BIXBY SCHOLARSHIPS 1 3000 CASH SCHOLARSHIP TO A STUDENT WHO EXEMPLIFIES THE LEADERSHIP AND COMMUNITY SERVICE OF MARK BIXBY. NEWELL - CALIFORNIA STATE UNIVERSITY, LONG BEACH 1 1500 CASH SCHOLARSHIPS LONG BEACH CITY COLLEGE (LBCC) SCHOLARSHIPS 88 82400 CASH TRADITIONAL, TRADE, AND HONORS SCHOLARSHIPS NEWELL - LONG BEACH COMMUNITY COLLEGE 2 2000 CASH SCHOLARSHIP PART I, LINE 2: THE LONG BEACH ROTARY SCHOLARSHIP FOUNDATION IS ABLE TO MONITOR THE USE OF STUDENTS GRANTS IN TWO WAYS. 1. AT BOTH CAL STATE LONG BEACH AND LONG BEACH CITY COLLEGE, STUDENTS ARE NOT GIVEN THEIR GRANT DISBURSEMENT UNTIL AFTER THE SCHOOL'S DROP DATE. THIS ENSURES THAT GRANTEES ARE FULFILLING THEIR OBLIGATION THAT NEED TO BE SATISFIED IN ORDER TO RECEIVE THE SCHOLARSHIPS. 2. AT CAL STATE LONG BEACH, THE GRANT IS DEPOSITED DIRECTLY INTO THE STUDENT'S SCHOOL ACCOUNT ENSURING THE MONEY IS USED FOR ITS INTENDED PURPOSE. AT LONG BEACH CITY COLLEGE, STUDENTS ARE NOT ABLE TO PICK UP THEIR DISBURSEMENTS UNTIL AFTER THEY HAVE PAID FOR THEIR SCHOOL FEES. BECAUSE OF THIS, THE PAYMENT IS A REIMBURSEMENT FOR EDUCATIONAL EXPENSES. DOUGHERTY COMPANY CRAIG DOUGHERTY IS THE OWNER OF DOUGHTERY COMPANY, INC. 142920 ON MARCH 11, 1992, THE BOARD OF DIRECTORS ACCEPTED A DONATION OF AN UNDIVIDED ONE-HALF INTEREST IN IMPROVED INDUSTRIAL PROPERTY LOCATED IN IRVINE, CALIFORNIA FROM THE ALBERT REINGARDT FOUNDATION. THE REMAINING ONE-HALF INTEREST IS OWNED BY THE DOUGHERTY COMPANY, INC., OF WHICH A MEMBER OF THE SCHOLARSHIP FOUNDATION BOARD OF TRUSTEES IS AFFILIATED. THE PROPERTY WAS RECORDED AT ITS FAIR MARKET VALUE AS OF THE DATE OF THE DONATION. UNDER THE DONATION AGREEMENT, THE FOUNDATION'S PORTION OF THE EXPENSES OF THE PROPERTY ARE PAID BY THE CO-OWNER OF THE PROPERTY AND WILL BE OFFSET AGAINST THE FOUNDATION'S FUTURE INCOME ON THE PROPERTY. RENTAL INCOME IN EXCESS OF PROPERTY EXPENSES IS THEN FORWARDED TO THE FOUNDATION. 0 FORM 990, PART VI, SECTION B, LINE 11 THE FOUNDATION RECEIVES A COPY OF THE ORGANIZATION'S FORM 990, AS PREPARED BY WINDES, INC., WHICH IS REVIEWED BY THE EXECUTIVE BOARD PRIOR TO FILING THE DOCUMENT WITH THE IRS. AFTER THE EXECUTIVE BOARD HAS REVIEWED THE FORM AND ANY CHANGES OR UPDATES ARE MADE, THE FINAL COPY OF THE 990 IS ELECTRONICALLY CIRCULATED TO ALL BOARD MEMBERS PRIOR TO FILING THE FORM WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE EXECUTIVE DIRECTOR OF THE ORGANIZATION UPDATES THE CONFLICT OF INTEREST POLICY AND RE-DISTRIBUTES IT TO THE BOARD MEMBERS. BOARD MEMBERS THEN READ AND SIGN THE POLICY. POLICIES ARE THEN COLLECTED FROM THE BOARD MEMBERS AND HELD ON FILE AT THE ROTARY OFFICE. MEMBERS WITH A CONFLICT OF INTEREST WILL NOT BE A MEMBER OF A COMMITTEE IN WHICH THE CONFLICT OF INTEREST IS RELEVANT. FOR INSTANCE, CRAIG DOUGHERTY IS 50% OWNER OF THE INVESTMENT PROPERTY (IN WHICH THE OTHER 50% IS OWNED BY LBRSF). CRAIG IS NOT A MEMBER OF THE INVESTMENT COMMITTEE AND DOES NOT MAKE ANY DECISIONS BASED ON THE PROPERTY ON BEHALF OF THE LBRSF. FORM 990,PART VI, LINE 13: THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES AND THEREFORE DOES NOT HAVE A WHISTLEBLOWER POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE CHAIR OF THE BOARD DETERMINES THE SALARY OF THE EXECUTIVE DIRECTOR IN CONSULTATION WITH THE EXECUTIVE COMMITTEE (CHAIR, VICE CHAIR, SECRETARY, TREASURER, PAST CHAIR). ALL COMPENSATION IS SUPPORTED BY DETAILED TIME SHEETS OUTLINING WORK PERFORMED BY THE EXECUTIVE DIRECTOR ON BEHALF OF THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990, FORM 1023, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THEY ARE LOCATED AT: LONG BEACH ROTARY SCHOLARSHIP FOUNDATION 1119 QUEENS HIGHWAY, SUITE 103 LONG BEACH, CA 90802