2014-11-17T15:48:50-06:00 2013-12-31 952648289 VAVRINEKTRINEDAY & CO LLP 8270 ASPEN STREET RANCHO CUCAMONGA CA 91730 990 2013-01-01 770391075 MONTEREY PENINSULA COLLEGE FOUNDATION MONT 8316555507 980 FREMONT STREET MONTEREY CA 93940 REBECCA MICHAEL EXECUTIVE DIRECTOR 8316555507 2014-11-14 1 WILLIAM RAUCH JR P01026721 9094664410 2013 2015-11-30 17:44:51Z REBECCA MICHAEL 980 FREMONT STREET MONTEREY CA 93940 1081885 0 X WWW.MPCFOUNDATION.ORG X 1982 CA TO ADVANCE THE EDUCATIONAL EXPERIENCE OF STUDENTS AND FACULTY OF MONTEREY PENINSULA COLLEGE 28 24 8 50 0 0 968715 914832 0 0 65467 59105 64088 82236 1098270 1056173 539080 418592 0 0 299156 295150 0 0 105761 133544 164741 971780 878483 126490 177690 3345917 3614889 1193310 1176544 2152607 2438345 TO PROVIDE SUPPLEMENTAL FINANCIAL ASSISTANCE FOR THE EDUCATIONAL PROGRAMS OF MONTEREY PENINSULA COLLEGE 0 0 102504 INSTRUCTIONAL & TEACHING MATERIALS AND EDUCATIONAL PROGRAM SUPPORT FOR MONTEREY PENINSULA COLLEGE 418592 418592 SCHOLARSHIPS AND GRANTS TO STUDENTS OF MONTEREY PENINSULA COLLEGE, A PUBLIC EDUCATIONAL INSTITUTION. A TOTAL OF 194 STUDENTS FOUNDATION SUPPORT OF GRANTS AND SCHOLARSHIPS. 521096 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 1 8 1 0 0 0 0 0 0 0 0 X 28 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X THE ORGANIZATION 8316555507 980 FREMONT STREET MONTEREY CA 93940 ELLEN HALEY DIRECTOR/SECRETARY 1.00 X X 0 0 0 DEMI BRISCOE DIRECTOR 1.00 X 0 0 0 BIRT JOHNSON DIRECTOR 1.00 X 0 0 0 WILLIAM DOOLITTLE DIRECTOR 1.00 X 0 0 0 DAVID CLEMENS DIRECTOR 1.00 X 0 104592 21448 J STEWART FULLER DIRECTOR 1.00 X 0 0 0 VERA COLEMAN DIRECTOR 1.00 X 0 0 0 DR RICHARD KEZIRIAN DIRECTOR 1.00 X 0 0 0 R LYNN DAVIS DIRECTOR 1.00 X 0 0 0 ALLYE HOBSON ROBINSON DIRECTOR 1.00 X X 0 0 0 BRENDA KALINA CLASSIFIED STAFF REP 1.00 40.00 X 0 61606 19933 NOLAN KENNEDY DIRECTOR 1.00 X X 0 0 0 PAM LEHMAN PAST PRESIDENT 8.00 X 0 0 0 SHARON LARSON DIRECTOR 1.00 X 0 0 0 STEPHEN MA DIRECTOR 1.00 40.00 X 0 155213 21448 JOHN MAHONEY VICE PRESIDENT-DEVELOPMENT 5.00 X X 0 0 0 BILL EYRES DIRECTOR 1.00 X 0 0 0 DON NEWMARK DIRECTOR 1.00 X 0 0 0 ROBERT D PAPPANI DIRECTOR 1.00 X 0 0 0 RICK JOHNSON DIRECTOR 1.00 X 0 0 0 MATTHEW MORGAN DIRECTOR 1.00 X 0 0 0 VICTORIA SAMORA PHILLIPS DIRECTOR 1.00 X 0 0 0 BRET SILVESTRI DIRECTOR 1.00 X 0 0 0 PATRICK STAFFORD DIRECTOR 1.00 X 0 0 0 MARGI WIEST DIRECTOR 1.00 X 0 0 0 DR WALTER TRIBLEY DIRECTOR 1.00 40.00 X 0 204861 21448 JAN VANDERBILT TREASURER 1.00 X X 0 0 0 CELESTE WHITE DIRECTOR 1.00 X 0 0 0 REBECCA MICHAEL EXECUTIVE DIRECTOR/NON VOT 40.00 X 68532 0 5228 68532 526272 89505 0 0 1 0 0 32292 100000 782540 5000 914832 59105 59105 25712 32292 25712 0 OTHER INCOME 900099 82236 82236 82236 1056173 82236 0 59105 296307 296307 122285 122285 68532 13706 27413 27413 189085 30089 110412 48584 14556 2475 7787 4294 22977 3906 12293 6778 34624 2500 32124 11859 6230 5629 44169 2000 42169 24422 12814 1200 10408 3629 3629 36 36 538 538 4359 4359 ADMINISTRATIVE FEES 17983 17083 900 SPECIAL EVENTS 8284 8284 ALUMNI ASSOCIATION 5041 5041 5000 5000 4797 1624 3173 878483 521096 251626 105761 250761 528177 15306 75 7910 4349 19421 14284 1638 5137 3070302 3077151 3345917 3614889 50086 20636 1143224 1155908 1193310 1176544 X 576712 575233 255141 408764 1320754 1454348 2152607 2438345 3345917 3614889 X 177690 110852 -2804 X 0 1 X 1 0 X 431201 518986 1029165 968715 914832 3862899 431201 518986 1029165 968715 914832 3862899 200035 3662864 20482 43652 72165 65467 59105 260871 23466 14676 64088 82236 184466 4308236 192004 0.85020 0.83930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1320754 28361 141442 36209 1454348 1033062 137589 150103 1320754 811111 270852 -19358 29543 1033062 709495 42767 79929 21080 811111 250055 299883 182506 22949 709495 1.00000 0 0 19421 14284 5137 5137 AMOUNTS HELD FOR OTHERS 1155908 1155908 X 1189933 108048 25712 133760 1056173 0 1056173 904195 25712 25712 878483 0 878483 PART V, LINE 4: STUDENT EDUCATIONAL SCHOLARSHIPS PART X, LINE 2: THE FOUNDATION HAS ADOPTED FASB ASC TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITY. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS-DIRECT EXPENSE 25,712. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS-DIRECT EXPENSE 25,712. PRESIDENTS ADDRESS 39782 18195 21587 400 12283 8904 ALUMNI HOMECOMING 18222 14097 4125 3990 135 2 58004 32292 25712 400 16273 9039 25712 0 1 MONTEREY PENNINSULA COMMUNITY COLLEGE 980 FREMONT ST MONTEREY CA 93940 942314506 COMM COLLEGE DIST 296307 ACTUAL AMOUNT INSTRUCTIONAL & TEACHING MATERIALS AND EDUCATIONAL PROGRAM SUPPORT STUDENT BOOK GRANTS STUDENT EDUCATIONAL SCHOLARSHIPS 194 122285 FAIR MARKET VALUE PART I, LINE 2: CONTRIBUTIONS TO MONTEREY PENINSULA COLLEGE ARE FREQUENTLY MADE VIA DIRECT PAYMENT OF AN INVOICE WHICH HAS BEEN APPROPRIATELY APPROVED BY THE COLLEGE, THE COLLEGE DEPARTMENT AND THE FOUNDATION, FURTHER, THE MONITORING IS HANDLED BY SYSTEMS OF THE COLLEGE ITSELF AS WELL AS THE BOARD OF TRUSTEES. X X X 0 0 0 0 0 0 0 0 0 STEPHEN MA DIRECTOR 0 155213 0 0 0 0 0 0 0 21448 0 176661 0 0 DR WALTER TRIBLEY DIRECTOR 0 204861 0 0 0 0 0 0 0 21448 0 226309 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE 990 RETURN IS BASED ON THE ANNUAL AUDITED FINANCIAL STATEMENTS WHICH IS FIRST REVIEWED BY THE AUDIT COMMITTEE AND IS THEN PRESENTED TO THE EXECUTIVE COMMITTEE AND FINALLY THE FULL BOARD. THE AUDIT REPORT IS A CONDENSED VERSION OF THE INTERNAL FINANCIAL REPORT WHICH IS ALSO USED TO SUPPLY THE DETAIL NEEDED FOR THE 990. THIS DOCUMENT IS REVIEWED BY THE TREASURER AND THE FULL BOARD. SUBSEQUENT TO THE COMPLETION OF THE AUDIT, THE RETURN IS PREPARED. PRIOR TO FILING, THE RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR, INTERNAL ACCOUNTING STAFF, THE FOUNDATION'S TREASURER, AND THE AUDIT COMMITTEE OR A MEMBER THEREOF. THE EXECUTIVE COMMITTEE SHALL, DURING THE INTERVALS BETWEEN THE MEETINGS OF THE BOARD OF DIRECTORS, HAVE AND EXERCISE ALL OF THE POWERS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THIS CORPORATION-ARTIVLE V, SECTION 5.1 OF THE BYLAWS DATED 11/03/10. UPON FILING THE 990, IT IS POSTED TO THE FOUNDATION'S WEB SITE WITH THE EXCEPTION OF THE SCHEDULE B. THE COMPLETE RETURN IS AVAILABLE IN THE CORPORATE OFFICES FOR INSPECTION BY THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE SUBJECT TO CONFLICT OF INTEREST POLICIES, INCLUDUNG DISCLOSURES. DISCLOSURES ARE MONITORED BY EXECUTIVE DIRECTOR, IF A POTENTIAL OR ACTUAL CONFLICT IS IDENTIFIED, IT IS BROUGHT TO THE ATTENTION OF THE PRESIDENT AND IF APPROPRIATE, THE EXECUTIVE COMMITTEE. IF A CONFLICT ARISES, THE BOARD MEMBER IS ASKED TO RECUSE HIMSELF OR HERSELF FROM ALL DISCUSSION AND VOTING ON THE ISSUE. ADDITIONALLY THE EXECUTIVE DIRECTOR IS REQUIRED TO PROVIDE MONTEREY PENINSULA COLLEGE A FORM WHICH DISCLOSES OTHER BOARD MEMBERSHIPS, PROPERTY OWNED AND OTHER SITUATIONS WHICH MIGHT CREATE A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS THE CURRENT PUBLISHED SALARIES IN THE CENTER FOR NON-PROFIT MANANGEMENT COMPENSATION BENEFITS SURVEY, AS WELL AS REVIEWS COMPENSATION OF ED'S IN COMMUNITY COLLEGE FOUNDATIONS OF SIMILAR SIZE. THE FINANCE COMMITTEE, THE EXECUTIVE DIRECTOR, AND THE ACCOUNTING MANAGER PREPARE THE ANNUAL BUDGET WHICH IS SUBMITTED TO THE EXECUTIVE COMMITTEE FOR INPUT AND APPROVAL. THE BUDGET IS THEN APPROVED BY THE BOARD AS A WHOLE. GUIDANCE AS TO APPROPRIATE SALARY LEVELS FOR STAFF ARE SUGGESTED BY THE EXECUTIVE DIRECTOR WHILE THE SUGGESTIONS FOR THE EXECUTIVE DIRECTOR'S SALARY ARE PROVIDED BY THE EXECUTIVE COMMITTEE AFTER REVIEWING THE BUDGET AND OTHER RESOURCES AS DESCRIBED ABOVE. THE EXECUTIVE COMMITTEE RECOMENDS THE AMOUNT WHICH SHOULD BE ALLOCATED TO THE EXECUTIVE DIRECTOR. THE AMOUNT IS APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE AT THE BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE SPLIT INTEREST AGREEMENT -2,804. MONTEREY PENINSULA COMMUNITY COLLEGE 980 FREMONT ST MONTEREY CA 93940 942314506 COMMUNITY COLLEGE DISTRICT CA GOVERNMENTAL UNIT 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MONTEREY PENINSULA COLLEGE B 418592 GRANTS/SCHOLARSHIPS MONTEREY PENINSULA COLLEGE 100000 ACTUAL AMOUNT