2014-02-03T15:06:11-08:00 2013-06-30 Guzman & Gray Certified Public Accountants 4510 E Pacific Coast Highway Suite Long Beach CA 90804 990 2012-07-01 953297459 LONG BEACH CITY COLLEGE FOUNDATION LONG 5629384134 4901 EAST CARSON ST LONG BEACH CA 90808 KENNETH VELTEN 2014-01-31 true MARK GRAY CPA P00048565 5624980997 2012 2015-11-30 17:44:51Z GARY COOPER 4901 EAST CARSON ST LONG BEACH CA 90808 10754145 false false X www.foundation.lbcc.edu X 1978 CA THE FOUNDATION'S PURPOSE IS TO PROMOTE THE GENERAL WELFARE OF LONG BEACH CITY COLLEGE 77 77 12 200 0 2963691 2709886 258394 663611 265450 400432 30752 83237 3518287 3857166 2407580 2841813 0 194384 207618 0 50011 148960 476674 2750924 3526105 767363 331061 14124008 15047847 169391 199684 13954617 14848163 THE FOUNDATION'S SPECIFIC AND PRIMARY PURPOSES ARE TO PROMOTE THE GENERAL WELFARE OF LONG BEACH CITY COLLEGE BY ASSISTING AND SUPPORTING THE ATTAINMENT OF EDUCATIONAL, ATHLETIC AND CULTURAL GOALS; BY ASSISTING IT IN FULFILLING ITS ROLE OF SERVICE TO ITS COMMUNITY, BY SOLICITING, RAISING AND DISTRIBUTING FUNDS FOR ITS PROGRAMS, BUILDINGS, EQUIPMENT AND ANY OTHER OUTLAY INCLUDING BUT NOT LIMITED TO NEEDS FOR SCHOLARSHIPS, LOANS, AND GRANTS TO QUALIFIED STUDENTS. false false 1516549 1516549 THE FOUNDATION IS FORTUNATE TO HAVE RECEIVED OVER $1 MILLION FROM THE GOLDMAN SACHS FOUNDATION TO CONTINUE THE 10,000 SMALL BUSINESS PROJECT THROUGH AN EDUCATIONAL PROGRAM. THE CURRICULUM INCLUDES MODULES WHICH PROMOTE A RELEVANT LEARNING EXPERIENCE. THE FIRST CLASS GRADUATED 28 SMALL BUSINESS OWNERS. THE FOUNDATION IS IN ITS FOURTH YEAR OF A VERY SUCCESSFUL PROGRAM WHICH HAS BECOME A MODEL FOR OTHER SUCH GRANTEES THROUGHOUT THE UNITED STATES. 889345 488232 663611 PROMOTE GENERAL WELFARE OF LONG BEACH CITY COLLEGE BY ASSISTING AND SUPPORTING THE ATTAINMENT OF ATHLETIC, EDUCATIONAL AND CULTURAL GOALS THROUGH GRANTS AND OTHER ASSISTANCE TO ASSOCIATE GROUPS, DEPARTMENTS, FACULTY, AND STAFF. 765727 765727 EDUCATION IS THE MOST IMPORTANT FACTOR THAT DETERMINES WHAT OPPORTUNITIES A PERSON WILL HAVE IN LIFE. LONG BEACH CITY COLLEGE (LBCC) PROVIDES THE EDUCATION AND TRAINING. THE FOUNDATION PROVIDES THE FINANCIAL SUPPORT THAT ALLOWS PEOPLE TO TAKE ADVANTAGE OF THAT EDUCATION AND TRAINING. THE FOUNDATION PROVIDES A VEHICLE FOR FINANCIAL SUPPORT FROM THE COMMUNITY.IT IS ESTIMATED THAT ONE IN THREE LONG BEACH AREA RESIDENTS HAVE ATTENDED LBCC. MANY OF THESE STUDENTS HAVE REQUIRED FINANCIAL ASSISTANCE. THE FOUNDATION HAS RAISED OVER $25 MILLION TO PROVIDE FOR SCHOLARSHIPS, DEPARTMENTAL GRANTS, CAMPUS BEAUTIFICATION, AND FACILITIES UPGRADES. LITERALLY THOUSANDS OF STUDENTS HAVE RECEIVED FUNDS TO PAY ENROLLMENT FEES AND BUY BOOKS AND THE NEED TO PROVIDE FINANCIAL ASSISTANCE CONTINUES TODAY.THE FOUNDATION HAS THE LARGEST SCHOLARSHIP PROGRAM OF ANY SOUTHERN CALIFORNIA COMMUNITY COLLEGE. IT GIVES TO MORE STUDENTS THAN ANY OTHER TWO YEAR INSTITUTION AND OFFERS SCHOLARSHIPS TO FACULTY AND STAFF SO THEY MAY INCREASE THEIR KNOWLEDGE IN THEIR CHOSEN PROFESSION OR EMBARK ON A NEW CAREER.DURING THE YEAR, THE FOUNDATION PROVIDED 631 QUALIFIED STUDENTS SCHOLARSHIPS AND AWARDS. 3171621 true true false false false false false false false true true false false true true true true false false false false false false false true false false true true false false false false false false false false false false false false true false false false false true false false false false true 40 0 true 12 true false false false false false false true true false 0 false false false false false false false false false false X 77 77 true false false false false false false true true false false true true true true true true true true false CA X X LONG BEACH CITY COLLEGE FND 5629384134 4901 EAST CARSON ST LONG BEACH CA 90808 DR SERAFIN ZASUETA 1.00 0.00 X 0 0 0 DAVID THORNBURG 1.00 0.00 X 0 0 0 BARBARA SULLIVAN-GEORGE 1.00 0.00 X 0 0 0 TED OROZCO 1.00 0.00 X 0 0 0 MICHELE PEABODY MYERS 1.00 0.00 X 0 0 0 VALERIE MILES 1.00 0.00 X 0 0 0 TODD MASON 1.00 0.00 X 0 0 0 BEN HARVEY 1.00 0.00 X 0 0 0 MATTHEW L KNABE 1.00 0.00 X 0 0 0 TODD JONES 1.00 0.00 X 0 0 0 HESTON GUY 2.00 0.00 X 0 0 0 CHERYL LACKMAN FEINBERG 1.00 0.00 X 0 0 0 CHIEF MICHAEL DUREE 1.00 0.00 X 0 0 0 HOWARD DAVIS 2.00 0.00 X 0 0 0 DR ANDY TANG 1.00 0.00 X 0 0 0 RUTH WRIGHT 0.30 0.00 X 0 0 0 DR GEORGE WONG JR 0.30 0.00 X 0 0 0 MICHELE DOBSON WILSON 1.00 0.00 X 0 0 0 RUTH W WILLIAMS 1.00 0.00 X 0 0 0 G MARGARET WESTLUND 1.00 0.00 X 0 0 0 W GARY WESTLING 1.00 0.00 X 0 0 0 CLOY J MIKE WALTER 1.00 0.00 X 0 0 0 SUZANNE NOSWORTHY 1.00 0.00 X 0 0 0 DONITA VAN HORIK 1.00 0.00 X 0 0 0 BETTY EASTMAN TODD 0.30 0.00 X 0 0 0 JAMES J SULLOS JR 1.00 0.00 X 0 0 0 CHRIS STEINHAUSER 0.30 0.00 X 0 0 0 JAMES STANGELAND 0.30 0.00 X 0 0 0 DR WILLIAM SMITHERAN 1.00 0.00 X 0 0 0 JEAN B SMITH 0.30 0.00 X 0 0 0 MARTIN SIMON 0.30 0.00 X 0 0 0 DR JAMES C SERLES 0.30 0.00 X 0 0 0 SHIRLEY SALTMAN 0.30 0.00 X 0 0 0 GLORIA ST MARTIN-LOWRY 1.00 0.00 X 0 0 0 DR JESSE GONZALES 1.00 0.00 X 0 0 0 BRIAN RUSSELL 1.00 0.00 X 0 0 0 NAOMI RAINEY-PIERSON 1.00 0.00 X 0 0 0 WENDY PUZARNE 1.00 0.00 X 0 0 0 DR FREDA HINSCHE OTTO 1.00 0.00 X 0 0 0 DR BEVERLY O'NEILL 0.30 0.00 X 0 0 0 ANNE NEWMAN 0.30 0.00 X 0 0 0 CLAUDE PRINCE 1.00 0.00 X 0 0 0 JEFFREY NAPPER 1.00 0.00 X 0 0 0 MIKE MURRAY 0.30 0.00 X 0 0 0 GEORGE MURCHISON 0.30 0.00 X 0 0 0 NED GAYLORD 1.00 0.00 X 0 0 0 GEORGE MEDAK 0.30 0.00 X 0 0 0 CHIEF JIM MCDONNELL 0.30 0.00 X 0 0 0 DR WILLIAM MARMION 0.30 0.00 X 0 0 0 DR GREGORY PETERSON 0.30 0.00 X 0 0 0 DR DEBBIE MALUMED 0.30 0.00 X 0 0 0 BRUCE MACRAE 1.00 0.00 X 0 0 0 BOB LUSKIN 0.30 0.00 X 0 0 0 DR GAITHER LOWENSTEIN 2.00 0.00 X 0 0 0 PATRICIA LOFLAND 0.30 0.00 X 0 0 0 JUDGE GIBSON LEE 0.30 0.00 X 0 0 0 DR MARIE LAFORTUNE 1.00 0.00 X 0 0 0 MARISA K PEREZ 1.00 0.00 X 0 0 0 MATTHEW L KINLEY 1.00 0.00 X 0 0 0 MARK TAYLOR 0.30 0.00 X 0 0 0 THOMAS W KING 1.00 0.00 X 0 0 0 JACKIE KELL 1.00 0.00 X 0 0 0 DR E JAN KEHOE 0.30 0.00 X 0 0 0 HARRIETT IBBETSON 0.30 0.00 X 0 0 0 JACK HINSCHE 1.00 0.00 X 0 0 0 JOHN HANCOCK 1.00 0.00 X 0 0 0 DONNA HANCOCK 1.00 0.00 X 0 0 0 DR NOEL HACEGABA 1.00 0.00 X 0 0 0 JOHNATHAN D GOTZ 1.00 0.00 X 0 0 0 RANDY GORDON 1.00 0.00 X 0 0 0 IVY ARLINDA GOOLSBY 1.00 0.00 X 0 0 0 DANIEL P GOOCH 1.00 0.00 X 0 0 0 DR MARK A GARLINGTON 1.00 0.00 X 0 0 0 ANN-MARIE GABEL 0.30 0.00 X 0 0 0 MAYOR BOB FOSTER 0.30 0.00 X 0 0 0 JOEN GARNICA 1.00 0.00 X 0 0 0 DR STUART L FARBER 1.00 0.00 X 0 0 0 MARCELLE EPLEY 1.00 0.00 X 0 0 0 ROBERT ELLIS 0.30 0.00 X 0 0 0 DR JOHN FLYPAA 1.00 0.00 X 0 0 0 DR MINNIE DOUGLAS 1.00 0.00 X 0 0 0 STEPHEN J DODGE 1.00 0.00 X 0 0 0 RICK DUREE 1.00 0.00 X 0 0 0 GARY DELONG 1.00 0.00 X 0 0 0 ROSE DOSTA DELGAUDIO 0.30 0.00 X 0 0 0 MARK CURTIS 1.00 0.00 X 0 0 0 ANNE EMIGH 1.00 0.00 X 0 0 0 STERLING CLAYTON 0.30 0.00 X 0 0 0 DR THOMAS CLARK 0.30 0.00 X 0 0 0 HELEN CLARK 0.30 0.00 X 0 0 0 CURT PEDERSEN 1.00 0.00 X 0 0 0 JUDGE RICHARD F CHARVAT 0.00 0.00 X 0 0 0 JAMES R CALLAHAN 1.00 0.00 X 0 0 0 LOU ANNE BYNUM 0.30 0.00 X 0 0 0 DR BYRON D BRELAND 0.30 0.00 X 0 0 0 KENDRA S CANAPE 1.00 0.00 X 0 0 0 BOB BLAIR 1.00 0.00 X 0 0 0 KRISTIN BIALE-GONDA 1.00 0.00 X 0 0 0 FIDEL AGUAYO 1.00 0.00 X 0 0 0 MARTHA MOLINA BERNADETTE 1.00 0.00 X 0 0 0 WILLIAM BARNES 0.30 0.00 X 0 0 0 EDWARD ARNOLD 1.00 0.00 X 0 0 0 MARK D ALLMEROTH 1.00 0.00 X 0 0 0 DR KING ALEXANDER 0.30 0.00 X 0 0 0 LANCE ADAMS 1.00 0.00 X 0 0 0 ELOY OAKLEY 0.30 0.00 X 0 0 0 ARTURO AGUAYO 1.00 0.00 X 0 0 0 JACLYN TILLEY HILL 2.00 0.00 X 0 0 0 JEFFREY KELLOGG 0.30 0.00 X 0 0 0 BLANCHE CANNADY 2.00 0.00 X 0 0 0 DIANE DEWALSCHE 2.00 0.00 X 0 0 0 MARY CRANE 2.00 0.00 X X 0 0 0 BARRY MCDANIEL 2.00 0.00 X X 0 0 0 KENNETH VELTEN 2.00 0.00 X X 0 0 0 JUDY ROSS 2.00 0.00 X X 0 0 0 MARIA COCHRAN 2.00 0.00 X X 0 0 0 G LORAIN BRAULT 2.00 0.00 X X 0 0 0 GARY COOPER 2.00 0.00 X X 0 0 0 DR VIRGINIA BAXTER 40.00 0.00 X 60000 0 2180 60000 2180 0 false false false 0 50317 21496 2638073 2709886 EDUCATIONAL PROGRAMS 663611 663611 663611 286880 286880 0 0 0 6981749 6868197 113552 113552 113552 28782 50317 28782 0 0 0 OTHER REVENUE 83237 83237 83237 3857166 746848 400432 2076086 2076086 765727 765727 0 0 64504 32252 32252 0 102798 102798 0 23826 22736 1090 16490 13709 2781 0 0 56335 56335 0 0 56651 56651 0 0 1630 1630 0 0 0 0 0 0 0 0 8000 8000 4026 4026 PAYROLL SERVICE FEES 3013 3013 BANK CHARGES 7061 7061 FUNDRAISING EXPENSE 13888 13888 PROGRAM EXPENSES 321808 321808 4262 4262 3526105 3171621 304473 50011 173279 224063 1470734 918630 114812 62063 0 0 0 0 0 0 46455 46455 8000 0 10035210 11388336 0 0 0 2321973 2454755 14124008 15047847 39392 48887 129999 150797 169391 199684 X 1138082 1697422 5914466 5541004 6902069 7609737 13954617 14848163 14124008 15047847 X 331061 442560 119925 X false true X true false X 2584201 2925632 2578479 2963691 3177806 14229809 0 0 2584201 2925632 2578479 2963691 3177806 14229809 4275519 9954290 240336 -31098 576401 265450 400432 1451521 0 30823 17865 30752 42844 122284 15803614 0.62990 0.65350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6996633 714312 487465 116147 56651 8025612 7181122 120111 -129669 121626 53305 6996633 5742077 481750 1014985 57690 7181122 4259955 874922 635174 27974 5742077 0.94800 0.05200 true false false 22395 22395 24060 24060 OTHER ASSETS 28128 BEQUEST & OTHER RECEIVABLE 88300 BENEFICIAL INTEREST IN PERPETUAL TRUST 1056845 BENEFICIAL INTEREST IN FCCC FUND 812132 BENEFICIAL INT IN SPLIT INT AGREEMENTS 318553 AGENCY SCHOLARSHIP FUNDS 150797 2454755 AGENCY FUNDS HELD FOR SCHOLARSHIPS 150797 150797 X 3923419 442560 -376307 66253 3857166 3857166 3029873 -496232 -496232 3526105 3526105 Part X Part X : FIN48 Footnote THE ORGANIZATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS 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 ORGANIZATION 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 STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. PURPOSE TO BUILD EARNINGS FOR FUNDING OF FUTURE SCHOLARSHIP AND GRANT DISBURSEMENTS. false 85TH ANNIVRSRY GALA 79099 50317 28782 9838 1000 17944 79099 50317 28782 9838 1000 17944 28782 true LBCC ASSOCIATE GROUPS 4901 E CARSON ST LONG BEACH CA 90808 444473 43759 PROGRAM SUPPORT LB COMMNTY COLLEGE DST 4901 E CARSON ST LONG BEACH CA 90808 952654140 501(C)(3) 1587854 0 INSTITUTIONAL SUPPORT 1 1 SCHOLARSHIPS 631 765727 Grantmaker's Description of How Grants are Used WHEN THE GRANT AWARDEE REQUESTS PAYMENT REGARDING THE EVENT OR PROJECT, THE REQUEST FORM AND ALL PROPER SIGNATURES, AUTHORIZATIONS AND RECEIPTS PROVIDED WILL BE REVIEWED BY THE FOUNDATION FOR APPROVAL. IT IS UNDERSTOOD THAT NO ALTERATION OR VARIATION OF THE TERMS OF THE AGREEMENT WILL BE ACCEPTED.IN ORDER FOR STUDENTS TO RECEIVE THEIR SCHOLARSHIP, THEY MUST COME TO THE SCHOLARSHIP OFFICE WITH THEIR SCHEDULE OF CLASSES SO THE FOUNDATION CAN VERIFY THEY ARE ENROLLED IN THE CORRECT NUMBER OF UNITS, HAVE THE APPROPRIATE GPA AND IF NEEDED, ARE TAKING THE SPECIFIC COURSES REQUIRED FOR THEIR SCHOLARSHIP. X 6 205934 FMV X WELDING ROD/WIRE/ELECTRODES 1 43759 FMV false false false Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Decreases CHANGE IN VALUE OF SPLIT INTEREST AGRMNT = -$3617 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases CHANGE IN VALUE OF PERPETUAL TRUST = $45061 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases CHANGE IN VALUE IN CA COMM COLLEGES FUND = $78481 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available UPON REQUEST. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees THE PERSONNEL COMMITTEE IS RESPONSIBLE FOR ESTABLISHING TERMS OF EMPLOYMENT AND ON A PERIODIC BASIS, REVIEW THE EXECUTIVE DIRECTOR'S COMPENSATION. THE EXECUTIVE DIRECTOR'S SALARY IS APPROVED BY THE EXECUTIVE BOARD.OTHER EMPLOYEES COMPENSATION IS DETERMINED IN THE SAME MANNER AS THE EXECUTIVE DIRECTOR. FOUNDATION EMPLOYEES' SALARIES AND BENEFITS ARE REVIEWED BY THE FOUNDATION'S PERSONNEL COMMITTEE. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts EACH MEMBER COMPLETES A CONFLICT OF INTEREST FORM AND AN INDIVIDUAL OF THE ORGANIZATION REVIEWS EACH STATEMENT. Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b: Form 990 Review Process THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DELEGATED TO THE FINANCE COMMITTEE THE REVIEW AND ENDORSEMENT OF THE FORM 990. THE LONG BEACH CITY COLLEGE FOUNDATION 990 SHALL BE DISTRIBUTED TO THE FINANCE COMMITTEE FOR ENDORSEMENT. IF IN THE INTEREST OF TIME, A MORE EXPEDIENT TIMELINE IS NEEDED, THE LONG BEACH CITY COLLEGE FOUNDATION EXECUTIVE COMMITTEE WILL APPROVE AND SIGN THE RETURN. AN ELECTRONIC COPY SHALL BE PROVIDED TO ALL BOARD MEMBERS, PRINTED COPIES AVAILABLE UPON REQUEST. BOARD MEMBERS SHALL BE ASKED TO REVIEW AND SEND BACK ANY COMMENTS. Form 990, Part VI, Line 2 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et JOHN HANCOCK IS THE FATHER OF DONNA HANCOCK.ARTURO AGUAYO AND FIDEL AGUAYO ARE BROTHERS.RICK DUREE IS THE FATHER OF MICHAEL DUREE. LONG BEACH COMMUNITY COLLEGE DISTRICT 4901 E CARSON ST LONG BEACH CA 90808 SECONDARY EDUCATION CA 501(c)(3) N/A false false true false false false false false false false false false false false true false false false false false LONG BEACH COMMUNITY COLLEGE DISTRICT b 1587854 FMV