2014-07-08T14:00:22-05:00 2013-08-31 132550103 D'ARCANGELO & CO LLP 800 WESTCHESTER AVE SUITE N-400 RYE BROOK NY 105731301 990 2012-09-01 237050397 WESTCHESTER COMMUNITY COLLEGE FOUNDATION WEST 9146066670 75 GRASSLANDS ROAD VALHALLA NY 10595 EVE LARNER 9146066562 2014-06-24 1 ALFRED F THOBEN P00836295 9146944600 2014-06-24 2012 2015-11-30 17:44:51Z EVE LARNER 75 GRASSLANDS ROAD VALHALLA NY 10595 35562500 0 X N/A X 1969 NY THE PURPOSES OF THE FOUNDATION SHALL BE, AMONG OTHER THINGS, TO AID AND ADVANCE THE MISSION OF WESTCHESTER COMMUNITY COLLEGE, A PUBLIC EDUCATIONAL INSTITUTION RECOGNIZING THAT PUBLIC EDUCATION IS A PUBLIC RESPONSIBILITY. THE FOUNDATION SHALL HAVE AS ITS GOAL THE DEVELOPMENT OF VOLUNTARY AND SUPPLEMENTAL SUPPORT RESULTING FROM GIFTS, BEQUESTS, AND FUNDRAISING ACTIVITIES. THE FOUNDATION DISBURSES INCOME OR PRINCIPAL THEREOF, FOR THE BENEFIT OF WESTCHESTER COMMUNITY COLLEGE FOR, BUT NOT LIMITED TO, STUDENT SCHOLARSHIPS AND EMERGENCY AID, FACULTY DEVELOPMENT, EDUCATIONAL PROGRAMMING AND COLLEGE OPERATING AND CAPITAL EXPENDITURES. THE FOUNDATION'S SUPPORT SHALL STRENGTHEN AND ENRICH THE EDUCATIONAL LIFE AND ENVIRONMENT OF WESTCHESTER COMMUNITY COLLEGE AND ENABLE THE COLLEGE TO CONTINUE TO OFFER ACCESS TO QUALITY EDUCATION AND THE SKILLS FOR SUCCESS THROUGH ITS FUNDRAISING AND PROGRAMMATIC ACTIVITIES. 57 57 11 550 0 0 5791861 3347998 0 0 595943 900296 6736 267253 6394540 4515547 3014388 2464738 0 0 763541 642624 0 0 294314 376962 414860 4154891 3522222 2239649 993325 33732347 35027826 496249 291235 33236098 34736591 X THE WESTCHESTER COMMUNITY COLLEGE FOUNDATION WAS ESTABLISHED IN 1969 TO MEET COLLEGE AND STUDENT NEEDS NOT MET BY PUBLIC FUNDS. AS PART OF ITS MISSION, THE FOUNDATION'S PRIMARY OBJECTIVE IS TO PROVIDE SCHOLARSHIPS FOR INCOMING, CONTINUING, AND GRADUATING STUDENTS. ADDITIONAL OBJECTIVES INCLUDE FUNDING NEW INITIATIVES AND PROJECTS, FACULTY DEVELOPMENT, AND OTHER PROGRAMS THAT ENRICH CAMPUS LIFE AND ASSIST THE COLLEGE TO FULFILL ITS MANDATE TO PROVIDE ATTAINABLE, AFFORDABLE, AND QUALITY EDUCATION. 0 0 1293144 1293144 SCHOLARSHIPS AND AWARDS: PROVIDING SCHOLARSHIPS IS A PRIMARY OBJECTIVE OF THE FOUNDATION. APPROXIMATELY, 160 TYPES OF AWARDS AND GRANTS WERE MADE TO APPROXIMATELY 900 STUDENTS WHO QUALIFY FOR SCHOLARSHIP ASSISTANCE. SCHOLARSHIPS BESTOW ON STUDENTS A VALUABLE SENSE OF RECOGNITION AND ACCOMPLISHMENT, AS WELL AS IMPORTANT FINANCIAL BENEFITS. OUR SCHOLARSHIP DONORS INCLUDE PRIVATE INDIVIDUALS, LOCAL BUSINESSES, CORPORATIONS AND FOUNDATIONS-ALL OF WHOM ARE COMMITTED TO MAKING AN EDUCATION AFFORDABLE FOR WCC STUDENTS. THE FOUNDATION'S SCHOLARSHIP APPLICATION PROCESS IS HIGLY COMPETITIVE, WITH ACADEMIC ACHIEVEMENT OFTEN BEING THE PRIMARY CONSIDERATION. HOWEVER, FINANCIAL NEED, SERVICE TO THE COLLEGE OR COMMUNITY, SPECIAL CIRCUMSTANCES, AND PERSONAL QUALITIES ARE ALSO CONSIDERED. ADDITIONALLY, SCHOLARSHIP APPLICATIONS ARE REVIEWED BY A CROSS-SECTION OF PEOPLE ON CAMPUS-FACULTY, ADMINISTRATORS AND MEMBERS OF THE FOUNDATION BOARD OF DIRECTORS. 1200910 783904 COLLEGE INSTITUTIONAL DEVELOPMENT AND ENHANCEMENT FUNDING FOR NEW EDUCATIONAL INITIATIVES AND PROJECTS, FACULTY ENRICHMENT AND DEVELOPMENT, CAPITAL PROJECTS, NATIVE PLANT CENTER, ALUMNI PROGRAM, VIRGINIA MARX CHILDRENS CENTER STUDENT TUITION AND PROGRAM ASSISTANCE, SINGLE STOP USA BENEFIT COUNSELING, VOLUNTEER PROGRAMS INCLUDING CONVERSATION PARTNERS, TUTORS AND WORKPLACE MENTORS. THE CURRENT YEAR BROUGHT NEW FOUNDATION FUNDED INITIATIVES TO THE CAMPUS INCLUDING THE VETERANS RESOURCE CENTER, NATIONAL ENDOWMENT FOR THE HUMANITIES INSTITUTE AND COLLEGE ACCESS PROGRAM. THE FOUNDATION CONTINUALLY SUPPORTS THE COLLEGE BY SPONSORING PROGRAMS THAT WILL ENHANCE THE CULTURAL LIFE OF THE COLLEGE COMMUNITY AND CO-DEVELOP WITH THE COLLEGE NEW COLLEGE FACILITIES FOR UNMET STUDENT NEEDS. 387690 387690 THE GATEWAY CENTER, OPENED IN SEPTEMBER 2010, CONTINUES TO THRIVE IN GREAT PART DUE TO THE CONTINUED AND STRONG SUPPORT OF THE WESTCHESTER COMMUNITY COLLEGE FOUNDATION. GATEWAY CENTERS AND PROGRAMS INCLUDE THE WELCOME CENTER, THE CENTER FOR FINANCIAL AND ECONOMIC EDUCATION AND GATEWAY TO ENTREPRENEURSHIP. THE GATEWAY CENTER ALSO HOUSES THE COMMUNITY COLLEGE CONSORTIUM FOR IMMIGRANT EDUCATION (CCCIE), A NATIONAL NETWORK OF COMMUNITY COLLEGES RAISING AWARENESS AND SUPPORT FOR EFFECTIVE IMMIGRANT INTEGRATION THROUGH EDUCATION. THE WELCOME CENTER SERVES AS THE FIRST POINT OF ENTRY AND INQUIRY FOR GUESTS AND STUDENTS TO THE COLLEGE. AS SUCH THE WELCOME CENTER RESPONDS TO ALL INCOMING CALLS TO THE COLLEGE, HANDLES THE ELECTRONIC INQUIRIES THROUGH THE MYWCC STUDENT HELPDESK AND RUNS THE COLLEGES SEASONAL CALL CENTER. IN ADDITION, IT SPONSORS WORKSHOPS AND SEMINARS AND INSTRUCTION THAT SUPPORT ACCESS TO EDUCATION AND ADVANCEMENT FOR THE COUNTYS DIVERSE POPULATION. THESE INCLUDE COLLEGE INFORMATION SESSIONS, WORKSHOPS FOR ESL STUDENTS AND CITIZENSHIP PREPARATION CLASSES. THE CENTER FOR FINANCIAL AND ECONOMIC EDUCATION AND GATEWAY TO ENTREPRENEURSHIP OFFER FINANCIAL AND ENTREPRENEURIAL EDUCATION TO OUR COMMUNITY AND OUR STUDENT BODY. SINCE OCTOBER 2012, THE GATEWAY CENTER HAS PARTNERED WITH THE WESTCHESTER HISPANIC COALITION TO BECOME A NY STATE OFFICE FOR NEW AMERICANS NEIGHBORHOOD OPPORTUNITY CENTER. THROUGH THIS PARTNERSHIP, THE ENGLISH LANGUAGE INSTITUTE HAS EXPANDED ITS ENGLISH LANGUAGE INSTRUCTION TO 200 LOW INCOME IMMIGRANTS THROUGHOUT THE COUNTY. THE GATEWAY CENTER CONTINUES TO SUPPORT ACCESS TO EDUCATION FOR ALL RESIDENTS OF THE COUNTY AND PARTNERS TO OFFER LEGAL AND OTHER SUPPORTIVE SESSIONS FOR OUR IMMIGRANT STUDENTS. IN THE SPIRIT OF CREATING A WELCOMING COMMUNITY AND TO CELEBRATE OUR COUNTYS DIVERSE POPULATION THE GATEWAY CENTER OFFERS EDUCATIONAL AND CULTURAL FORUMS, INCLUDING ETHNIC HERITAGE CELEBRATIONS, A FILM SERIES AND PANEL PRESENTATIONS TOUCHING ON SOCIAL, POLITICAL AND HUMAN RIGHTS TOPICS. 2881744 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 69 0 1 11 1 0 0 0 0 0 1 1 0 0 0 0 X 57 57 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X LISA MITZNER CO WESTCHESTER COMMUNITY COLLEGE FOUNDATION 9147856670 75 GRASSLANDS AVENUE VALHALLA NY 10595 DEBORAH RAIZES 3.00 X X 0 0 0 RUTH SUZMAN 3.00 X X 0 0 0 JOSEPH CARLUCCI 3.00 X X 0 0 0 JENNIFER GRUENBERG 3.00 X X 0 0 0 EVE HART RICE 3.00 X X 0 0 0 MATTHEW MCCROSSON 3.00 X X 0 0 0 BARBARA ABELES 1.00 X 0 0 0 HONORABLE ROBERT ASTORINO 1.00 X 0 0 0 GEORGE E AUSTIN 1.00 X 0 0 0 ROBERT BESHAR 1.00 X 0 0 0 GLENN R BIANCO 1.00 X 0 0 0 RENEE BROWN 1.00 X 0 0 0 DRAYVON CARMICHAEL 1.00 X 0 0 0 MYRNA CLYMAN 1.00 X 0 0 0 JAMES W COBB 1.00 X 0 0 0 SUSAN L COHEN 1.00 X 0 0 0 LISA W CONNORS 1.00 X 0 0 0 DR IRIS M COOK 1.00 X 0 0 0 BETTY COTTON 1.00 X 0 0 0 LOIS L COWAN 1.00 X 0 0 0 LESTER M CRYSTAL 1.00 X 0 0 0 RICHARD C DRESDALE 1.00 X 0 0 0 ANDREW ECONOMOS 1.00 X 0 0 0 JOHN FLYNN 1.00 X 0 0 0 ANITA HELMRICH 1.00 X 0 0 0 PETER HERRERO 1.00 X 0 0 0 BETTY HIMMEL 1.00 X 0 0 0 MARC HUESTIS 1.00 X 0 0 0 SHELDON JACOBS 1.00 X 0 0 0 HONORABLE ANNE JANIAK 1.00 X 0 0 0 ANN F KAUFMAN 1.00 X 0 0 0 ROBERT B KIRSCH 1.00 X 0 0 0 JOANNE LANDAU 1.00 X 0 0 0 GEORGE LINDSAY 1.00 X 0 0 0 EDITH LANDAU LITT 1.00 X 0 0 0 BARBARA K MARKS 1.00 X 0 0 0 JUDITH Z MATSON 1.00 X 0 0 0 PHILIP J MCGRATH 1.00 X 0 0 0 KATHERINE C MOORE 1.00 X 0 0 0 EON S NICHOLS 1.00 X 0 0 0 MARTHA NIERENBERG 1.00 X 0 0 0 DAVID ARTHUR OESTREICH 1.00 X 0 0 0 HONORABLE HARRY PHILLIPS III 1.00 X 0 0 0 JOHN W PRIESING 1.00 X 0 0 0 REBECCA SAMBERG 1.00 X 0 0 0 DENISE CR SANTOMERO 1.00 X 0 0 0 ALLEN M SHAPIRO 1.00 X 0 0 0 JASON SHAPLEN 1.00 X 0 0 0 JEROME A SIEGEL 1.00 X 0 0 0 SEAN SIMPSON 1.00 X 0 0 0 HONORABLE CECILE D SINGER 1.00 X 0 0 0 FLORENCE SINSHEIMER 1.00 X 0 0 0 BETSY M STERN 1.00 1.00 X 0 0 0 DAVID SWOPE 1.00 1.00 X 0 0 0 GEORGE M THOM 1.00 X 0 0 0 ELINOR URSTADT 1.00 X 0 0 0 LUCILLE S WERLINICH 1.00 X 0 0 0 EVE LARNER 35.00 X 0 109056 23355 LISA MITZNER 35.00 X 116148 0 14289 ILENE LIEBERMAN 35.00 X 106786 0 4652 ROBERT A SCHLESINGER 35.00 X 0 141402 34965 222934 250458 77261 2 1 1 0 0 125124 125000 3097874 50384 3347998 648900 648900 52091 12683 39408 39408 39408 31183353 30931957 251396 251396 251396 330158 125124 102313 227845 227845 4515547 0 0 1167549 1171594 1171594 1293144 1293144 166789 66047 48034 52708 385719 240477 76407 68835 20175 9668 10126 381 16858 12338 3917 603 53083 32996 9675 10412 18900 18900 151034 151034 33694 20217 10108 3369 8046 4827 2414 805 17664 8832 4063 4769 9215 3686 1843 3686 5467 2734 1257 1476 10017 5008 4007 1002 DEVELOPMENT EXPENSES 109424 0 0 109424 ALUMNI DEVELOPMENT 31500 0 0 31500 SUPPLIES 7841 3607 1882 2352 PRINTING AND PUBLICATIO 5261 2631 1210 1420 6797 3938 1287 1572 3522222 2881744 346164 294314 685 1601 2767505 2378398 2059259 633735 74155 19467 5263 16312 28760 18250 13647 10510 27622614 30768169 1189219 1199634 33732347 35027826 183089 142964 50410 47821 150000 1552 112750 98898 496249 291235 X 1981907 2021784 14729911 8727760 16524280 23987047 33236098 34736591 33732347 35027826 X 993325 409273 97895 X 0 1 X 1 0 X 6758228 3665071 3948309 5791861 3347998 23511467 6758228 3665071 3948309 5791861 3347998 23511467 10701708 12809759 784590 669906 467824 625653 700991 3248964 6764 8036 3493 -32231 227845 213907 26974338 0.47490 0.52510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16524280 7033233 1065690 486989 149167 23987047 15399441 1207294 501112 446139 137428 16524280 14463111 603475 904743 436037 135851 15399441 13540869 99831 822411 14463111 15104803 335244 -1899178 13540869 1.00000 0 0 28760 18250 10510 10510 ANNUITY PAYMENT LIABILITY 98898 98898 X 5049702 409273 178021 97895 685189 4364513 151034 151034 4515547 3549209 178021 178021 3371188 151034 151034 3522222 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE RESTRICTED FOR THE FOLLOWING PURPOSES: SCHOLARSHIPS $8,676,162; VIRGINIA MARX CHILDREN'S CENTER PROGRAMS AND SCHOLARSHIPS $2,949,794; COLLEGE DEVELOPMENT AND ENHANCEMENT $10,061,520; GATEWAY SCHOLARSHIPS $1,808,129; AND GENERAL PURPOSES OF THE FOUNDATION $491,442. AGGREGATE, CUMULATIVE LOSSES ABSORBED BY UNRESTRICTED NET ASSETS AMOUNTS TO $336,238. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION'S ACCOUNTING POLICY IS TO PROVIDE LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN A LIABILITY IS PROBABLE AND ESTIMABLE. MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES, NOR OF ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX. THERE WERE NO TAX EXAMINATIONS OR ADJUSTMENTS RELATING THEREFROM. TAX RETURNS FOR THE YEARS ENDED AUGUST 31, 2010 THROUGH 2013 ARE CURRENTLY SUBJECT TO AUDIT BY THE APPLICABLE TAXING JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED CHANGE IN VALUE OF ASSETS IN GIFT ANNUITY 5,243. UNREALIZED FOREIGN CURRENCY TRANSLATION ADJUSTMENT 57,460. UNREALIZED CHANGE IN VALUE OF PARTNERSHIP 35,192. EAST ASIA AND THE PACIFIC - 0 0 INVESTMENT IN FOREIGN PUBLICLY TRADED STOCK 1097768 EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 INVESTMENT IN FOREIGN PUBLICLY TRADED STOCK 2340051 CENTRAL AMERICA AND THE CARIBBEAN - 0 0 INVESTMENT IN FOREIGN PUBLICLY TRADED STOCK 81482 NORTH AMERICA - CANADA AND MEXICO, BUT 0 0 INVESTMENT IN FOREIGN PUBLICLY TRADED STOCK 121466 SOUTH ASIA - AFGHANISTAN, BANGLADESH, 0 0 INVESTMENT IN FOREIGN PUBLICLY TRADED STOCK 17388 SUB-SAHARAN AFRICA 0 0 INVESTMENT IN FOREIGN PUBLICLY TRADED STOCK 22014 0 0 0 0 0 0 3680169 0 3680169 0 0 1 0 0 0 A CONVERSATION WITH BILL CLINTON 129866 34386 95480 32119 CELEBRITY SALONS 101670 27417 74253 20366 2 223746 63321 160425 49828 455282 125124 330158 102313 102313 227845 1 WESTCHESTER COMMUNITY COLLEGE 175 GRASSLANDS ROAD VALHALLA NY 10595 136608356 945306 TO SUPPORT THE COLLEGE INSTITUTIONAL DEVELOPMENT AND ENHANCEMENT AND GATEWAY CENTER PROGRAMS. SINGLE STOP USA 1825 PARK AVENUE NEW YORK NY 10035 208837690 501(C)(3) 226288 OFFERS STUDENTS AND THEIR FAMILIES INCREASED ACCESS TO PUBLIC BENEFITS, TAX CREDITS, FINANCIAL COUNSELING AND LEGAL SERVICES. THIS PROGRAM AIMS TO OVERCOME FINANCIAL OBSTACLES THAT PREVENT STUDENTS FROM GRADUATING. 2 0 SCHOLARSHIPS 895 1293144 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE WESTCHESTER COMMUNITY COLLEGE FOUNDATION OFFICE AWARDS SCHOLARSHIPS TO NEW, INCOMING, CONTINUING AND GRADUATING STUDENTS AND PROVIDES PROGRAM FUNDING TO WESTCHESTER COMMUNITY COLLEGE. SCHOLARSHIPS AND GRANTS COMPLETE AN APPLICATION PROCESS AND APPLICATIONS ARE SUBMITTED TO THE WCCF SCHOLARSHIP/GRANT COMMITTEE. THE COMMITTEE REVIEWS THE APPLICATIONS AND AWARDS GRANTS BASED ON GRANT CRITERIA AND GUIDELINES. THE CHIEF FINANCIAL OFFICER MONITORS ALL SCHOLARSHIPS AND GRANTS FOR PROPER DISTRIBUTION. X 0 0 0 0 0 0 0 0 0 ROBERT A SCHLESINGER 0 141402 0 0 0 0 0 0 0 34965 0 176367 0 0 X 10 50384 FAIR MARKET VALUE 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): REPORTS BOTH THE NUMBER OF CONTRIBUTIONS AND THE NUMBER OF ITEMS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED IN DETAIL BY THE FOUNDATION EXECUTIVES AND IS MADE AVAILABLE ELECTRONICALLY AND BY PAPER FOR THE AUDIT COMMITTEE AND BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILLING FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE CONFLICT OF INTEREST DISCLOSURE FORMS ANNUALLY. IN ADDITION, NEW BOARD MEMBERS ARE REQUIRED TO COMPLETE THE DISCLOSURE FORM UPON APPOINTMENT. ALL DISCLOSURES REQUIRED UNDER THE POLICY SHALL BE MADE TO THE SECRETARY OF THE BOARD OF DIRECTORS AND SHOULD A CONFLICT OF INTEREST EXIST, A DIRECTOR IS TO REFRAIN FROM PARTICIPATION IN ANY CONSIDERATION OF THE MATTER AT ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE WCC FOUNDATION'S EXECUTIVE DIRECTOR AND MANY OTHER HIGHLY COMPENSATED EMPLOYEES ARE EMPLOYED BY A RELATED ENTITY, WESTCHESTER COMMUNITY COLLEGE OF WESTCHESTER COUNTY. THE RELATED ENTITY ESTABLISHES JOB CLASSES WITH SALARY RANGES THAT ARE BASED UPON MANY FACTORS. WCC FOUNDATION ABIDES BY THE SAME JOB CLASSES AND SALARY RANGES ESTABLISHED BY WESTCHESTER COMMUNITY COLLEGE OF WESTCHESTER COUNTY FOR THEIR HIGHLY COMPENSATED EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE MOST RECENT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 IS MAINTAINED AT THE WESTCHESTER COMMUNITY COLLEGE OFFICE AND IS MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND THROUGH THE FOUNDATION'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED CHANGE IN VALUE OF ASSETS IN GIFT ANNUITY 5,243. UNREALIZED FOREIGN CURRENCY TRANSLATION ADJUSTMENT 57,460. UNREALIZED CHANGE IN VALUE OF PARTNERSHIP 35,192. WESTCHESTER COMMUNITY COLLEGE 75 GRASSLANDS ROAD VALHALLA NY 10595 136608356 EDUCATIONAL NY N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 WESTCHESTER COMMUNITY COLLEGE B 945306 WESTCHESTER COMMUNITY COLLEGE N 28750 WESTCHESTER COMMUNITY COLLEGE O 149271