2013-05-15T08:07:00-05:00 2012-06-30 221655803 DORFMAN ABRAMS MUSIC LLC 250 PEHLE AVE SUITE 702 SADDLE BROOK NJ 07663 990 2011-07-01 222351891 BERGEN COMMUNITY COLLEGE FOUNDATION BERG 2014477117 400 PARAMUS ROAD SCOSKIE HALL PARAMUS NJ 07652 LORELEI W FRANCIS 2014477117 2013-05-07 1 ANDREW SILVERSTEIN CPA P00359249 2014039750 2011 2016-02-24 21:20:13Z LORELEI W FRANCIS 400 PARAMUS ROAD SCOSKIE HALL PARAMUS NJ 07652 1249584 0 X WWW.BERGEN.EDU/FOUNDATION X 1982 NJ RAISING FUNDS TO SUPPORT STUDENT SCHOLARSHIPS, FACULTY AND STAFF DEVELOPMENT, CONSTRUCTION AND OTHER SPECIAL PROJECTS AND PROGRAMS WHICH WILL CONTINUE THE 47 YEAR TRADITION OF EXCELLENCE IN EDUCATION PROVIDED BY BERGEN COMMUNITY COLLEGE. 40 40 0 45 0 0 639149 785576 0 0 190550 196779 127749 49142 957448 1031497 236084 385538 0 0 86534 80412 0 0 0 450487 949043 773105 1414993 184343 -383496 9178059 8789336 185481 286199 8992578 8503137 RAISING FUNDS TO SUPPORT STUDENT SCHOLARSHIPS, FACULTY AND STAFF DEVELOPMENT, CONSTRUCTION AND OTHER SPECIAL PROJECTS AND PROGRAMS WHICH WILL CONTINUE THE 47 YEAR TRADITION OF EXCELLENCE IN EDUCATION PROVIDED BY BERGEN COMMUNITY COLLEGE. 0 0 1290490 385538 TO RAISE FUNDS TO SUPPORT STUDENT SCHOLARSHIPS, FACULTY AND STAFF DEVELOPMENT. CONSTRUCTION AND OTHER SPECIAL PROJECTS AND PROGRAMS WHICH WILL CONTINUE THE 47 YEAR TRADITION OF EXCELLENCE IN EDUCATION PROVIDED BY BERGEN COMMUNITY COLLEGE. 1290490 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 16 0 1 0 0 0 0 0 0 1 1 0 0 X 40 40 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NJ X X LORELEI W FRANCIS EXECUTIVE DIRECTOR 2014477117 400 PARAMUS ROAD SCOSKIE HALL PARAMUS NJ 07652 ROBERT HEKEMIAN JR 1.00 X X 0 0 0 DANIEL FOLEY 1.00 X X 0 0 0 GORDON HAMM 1.00 X X 0 0 0 SETA NAZARIAN ALBRECHT 1.00 X X 0 0 0 JOSEPH BASRALIAN 1.00 X X 0 0 0 JOSE ADAMES 1.00 X X 0 0 0 ROBERT D BOYLE 1.00 X X 0 0 0 V PETER TRAPHAGEN SR 1.00 X X 0 0 0 ANTHONY PERSICO 1.00 X X 0 0 0 JAMES NAPOLITANO 1.00 X X 0 0 0 IRA KALTMAN 1.00 X X 0 0 0 KEVIN O'CONNOR 1.00 X X 0 0 0 ROBERT DILL 1.00 X X 0 0 0 PHILIP J CIARCO III 1.00 X 0 0 0 DALE A CREAMER 1.00 X 0 0 0 FRED DAIBES 1.00 X 0 0 0 R TODD DELORENZO 1.00 X 0 0 0 STEPHEN DUESS 1.00 X 0 0 0 RICHARD GARCIA 1.00 X 0 0 0 ROBERT GARRETT 1.00 X 0 0 0 GARY GLANZBERG 1.00 X 0 0 0 WALTER HECHT 1.00 X 0 0 0 BARBARA HEISER O'NEIL 1.00 X 0 0 0 FRANCES HOFFMAN 1.00 X 0 0 0 JOHN J JOHNSON 1.00 X 0 0 0 LEO LEYVA 1.00 X 0 0 0 THOMAS RODGERS MCVEIGH 1.00 X 0 0 0 PAUL A MEYER 1.00 X 0 0 0 CAROL MIELE 1.00 X 0 0 0 LESZLO MOHARITA 1.00 X 0 0 0 STEVEN NAPOLITANO 1.00 X 0 0 0 ASHOK R PATEL 1.00 X 0 0 0 DOROTHY P ROMAINE 1.00 X 0 0 0 HOLLY SCHEPISI 1.00 X 0 0 0 JOHN A TROBIANO 1.00 X 0 0 0 DONNETT BARNETT VERLEY 1.00 X 0 0 0 LOUIS WEISS 1.00 X 0 0 0 ROBERT REY 1.00 X 0 0 0 RAY FARRINGTON 1.00 X 0 0 0 DAVID DEVEJIAN 1.00 X 0 0 0 LORELEI W FRANCIS 40.00 X 0 114778 9182 0 114778 9182 0 0 0 0 0 221460 564116 785576 196779 196779 141615 221460 152567 -10952 -10952 125614 65520 60094 60094 1031497 0 0 245921 385538 385538 71517 71517 8895 8895 17425 17425 375 375 5507 5507 2855 2855 COLLEGE PROJECTS 904952 904952 BAD DEBT EXPENSE 7625 7625 PUBLIC RELATIONS 2796 2796 PRINTING AND INVITATION 2483 2483 5025 5025 1414993 1290490 124503 0 307459 597152 15893 16115 1346297 748102 43082 29844 11286 10370 7454042 7387753 9178059 8789336 42654 31598 142827 251601 0 3000 185481 286199 X 603142 669741 3922690 3158276 4466746 4675120 8992578 8503137 9178059 8789336 X -383496 -105945 X X 0 1 1 X 0 X 688493 495802 882052 713064 564116 3343527 37514 38827 41454 41454 44832 204081 726007 534629 923506 754518 608948 3547608 263936 3283672 175490 155764 139696 190950 196779 858679 4406287 0.74520 0.88400 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: UNUSUAL GRANTS: DURING THE 2009 FISCAL YEAR, THE FOUNDATION RECEIVED A GRANT FROM ERC 16W LIMITED PARTNERSHIP IN THE AMOUNT OF $2,000,000. THE FOUDNATION RECEIVED REIMBURSEMENT OF $500,000 AS INDICATED IN THE AGREEMENT. DURING THE 2010 FISCAL YEAR, IT WAS DETERMINED THAT $1,500,000 WAS UNCOLLECTIBLE DUE TO A CHANGE IN OWNERSHIP OF ERC 16W LIMITED PARTNERSHIP. DURING THE 2009 FISCAL YEAR, THE FOUNDATION RECEIVED A PLEDGE FROM A GRANTOR IN THE AMOUNT OF $2,000,000 TO BE USED TO DESIGN AND EQUIP NEW STATE-OF-THE-ART LABORATORIES AND ENHANCE EXISTING SCIENCE FACILITIES, AS WELL AS PROMOTE PROFESSIONAL DEVELOPMENT, ADD TO THE CURRICULUM, AND INCREASE EMPLOYEE SKILLS IN THE FIELDS OF AVIATION AND AVIONICS AT THE COLLEGE. DURING THE 2010 FISCAL YEAR, THE FOUNDATION RECEIVED ITS FINAL CONTRIBUTION FROM THE $2,000,000 GRANT PLEDGE IN THE 2009 FISCAL YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5142189 208374 66206 130360 104444 5181965 4495600 74382 736753 86850 77696 5142189 3614105 562720 326926 8150 4495601 3931904 141616 -448122 11293 3614105 0.90220 0.09780 0 0 0 BOND FUNDS 4232539 F STOCK FUNDS 3155214 F 7387753 1031497 1414993 -383496 -105945 -105945 -489441 1188828 -105945 263276 157331 1031497 0 1031497 1678269 263276 263276 1414993 0 1414993 PART III, LINE 4: T DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ALL ENDOWMENTS ARE DONORS ENDOWMENTS WITH THE INCOME RESTRICTED TO PROVIDE FOR SCHOLARSHIPS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: UNCERTAIN TAX PROVISIONS AS OF JUNE 30, 2012, MANAGEMENT BELIEVES THAT BASED ON EVALUATION OF THE FOUNDATION'S TAX POSITIONS THAT ANY LIABILITY AS A RESULT OF UNCERTAIN TAX POSITIONS WOULD NOT BE MATERIAL. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS TO ASSIST IN EVALUATING THE FOUNDATION'S TAX POSITIONS. ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY, WOULD BE RECOGNIZED AS PART OF THE INCOME TAX PROVISION. INCOME TAX RETURNS ARE FILED IN THE U.S. FEDERAL JURISDICTION AND STATE JURISDICTIONS. U.S. FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2008 ARE CLOSED. GOLF CLASSIC 99247 45137 54110 15647 26400 19378 3678 MEDALLION DINNER 256228 175273 80955 22120 31905 6020 23009 1 7600 1050 6550 279 3781 350 363075 221460 141615 38046 26400 55064 6020 27037 152567 -10952 125614 21850 18429 25241 0 125614 21850 18429 25241 65520 60094 NJ 1 0 0 0 0.10000 LORELEI W FRANCIS 400 PARAMUS ROAD SCOSKIE HALL PARAMUS NJ 07652 0 THE EXECUTIVE DIRECTOR REVIEWS THE LICENSING PAPERWORK, TICKET SALES AND APPROVES THE FINAL STATE REPORT. 0 1 GRANTS AND SCHOLARSHIP AWARDS TO STUDENTS AT BERGEN COMMUNITY COLLEGE. 252 385537 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIP FUNDS ARE AWARDED BASED ON ESTABLISHED GUIDELINES/CRITERIA (I.E., GRADE POINT AVERAGE, NUMBER OF CREDITS, FINANCIAL NEED). A SEPARATE COMMITTEE IS APPOINTED TO DETERMINE THE RECIPIENTS. THE FOUNDATION MAINTAINS CONTACT WITH THE BURSAR'S OFFICE TO REVIEW STUDENTS' STATUS. X 1 25000 FAIR MARKET VALUE X MISCELLANEOUS 64 45244 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS SENT TO THE FINANCE/INVESTMENT COMMITTEE CO-CHAIRS FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS REGULARLY DISTRIBUTES TO ALL DIRECTORS, OFFICERS AND EMPLOYEES. THE POLICY REQUIRES ALL MEMBERS TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS SOON AS THEY ARISE. ANY BOARD MEMBER WITH A STATED INTEREST MAY NOT PARTICIPATE IN VOTING IF THE TOPIC IS CONSIDERED A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION DOES NOT DETERMINE THE COMPENSATION OF ITS EXECUTIVE DIRECTOR. THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY BERGEN COMMUNITY COLLEGE BASED ON INDUSTRY STANDARDS. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE KEPT AT THE ORGANIZATION'S LOCATION AND CAN BE VIEWED BY ANY INQUIRING PARTY DUIRNG NORMAL OFFICE HOURS. HARD COPIES ARE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON THE NATIONAL CENTER FOR CHARITABLE STATISTICS-WWW.NCCSDATAWEB.URBAN.ORG FORM 990, PART VI, SECTION C, LINE 19 BERGEN COMMUNITY COLLEGE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONLFICT OF INTEREST POLICY AND FINANCIAL STATMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -105,945. FORM 990, PART XI, LINE 2C THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND FOR SELECTION OF THE INDEPENDENT ACCOUNTANT. NUMBER OF W-2S FORM 990, PART V, LINE 2A THE FOUNDATION DOES NOT HANDLE THE EMPLOYEES' PAYROLL. BERGEN COMMUNITY COLLEGE HANDLES THE PAYROLL FOR ALL OF THE EMPLOYEES OF THE ORGANIZATION. EVERY QUARTER, THE FOUNDATION REIMBURSES THE COLLEGE FOR CERTAIN PAYROLL AND BENEFIT EXPENSES. BERGEN COMMUNITY COLLEGE 400 PARAMUS ROAD PARAMUS NJ 07652 021122535 EDUCATIONAL NJ 501(C)(1) LINE 2 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 BERGEN COMMUNITY COLLEGE N 218436 FAIR MARKET VALUE