2013-02-15T08:18:35-06:00 2012-03-31 591818353 KAUFMAN ROSSIN & CO PA 2699 S BAYSHORE DRIVE MIAMI FL 33133 990 2011-04-01 596169745 MIAMI DADE COLLEGE FOUNDATION INC MIAM 3052373240 300 NE 2ND AVENUE NO 1423-1 MIAMI FL 33132 E H LEVERING 3052372389 2013-02-15 1 STEVEN BERWICK CPA P00181486 3058585600 2013-02-14 2011 2016-03-07 17:11:31Z 300 NE 2ND AVENUE NO 1423-1 MIAMI FL 33132 35852718 0 X MDCFOUNDATION.COM X 1996 FL TO PROVIDE DIRECT SUPPORT TO MIAMI DADE COLLEGE. 14 14 0 75 1911 820 8784444 9405565 1162217 1071774 7280962 2492556 28835 377212 17256458 13347107 6076716 6049658 0 0 1196329 1014441 0 0 47589 3746062 5627467 11019107 12691566 6237351 655541 124593751 134481853 8543992 18595028 116049759 115886825 X SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION STATEMENT:MIAMI DADE COLLEGE FOUNDATION, INC IS A FLORIDA NOT-FOR-PROFIT CORPORATION FORMED TO SERVE AS A DIRECT-SUPPORT ORGANIZATION, AS DEFINED IN SECTION 1004.70 OF THE FLORIDA STATUTES, OF MIAMI DADE COLLEGE, WHICH IS LEGALLY SEPARATE BUT FINANCIALLY ACCOUNTABLE TO THE COLLEGE. THE FOUNDATION WAS ORGANIZED AND OPERATES EXCLUSIVELY TO RECEIVE, HOLD, INVEST, AND ADMINISTER PROPERTY AND TO MAKE EXPENDITURES TO, OR FOR THE BENEFIT OF THE COLLEGE INCLUDING EDUCATIONAL AND CULTURAL EVENTS. 0 0 6049658 6049658 0 THE FOUNDATION IS THE DIRECT SUPPORT ORGANIZATION FOR MIAMI DADE COLLEGE, THE LARGEST COLLEGE IN THE COUNTRY. STUDENTS CAN PURSUE DEGREES ON THE COLLEGE'S EIGHT CAMPUSES AND OTHER OUTREACH CENTERS IN MIAMI. A MAJORITY OF THE STUDENTS ARE CONSIDERED LOW INCOME AND LIVE BELOW THE FEDERAL POVERTY LEVEL. THE "OPPORTUNITY CHANGES EVERYTHING" PHILOSOPHY SUPPORTS GIVING SCHOLARSHIPS TO STUDENTS TO IMPROVE THEIR LIVES THROUGH EDUCATION. THE FOUNDATION AWARDED 2060 SCHOLARSHIPS DURING THE CURRENT YEAR. . 4439162 1071774 THE SECOND LARGEST PROGRAM AREA IS GENERAL PROGRAM SUPPORT FOR MIAMI DADE COLLEGE. SUPPORT FOR THE COLLEGE'S SCHOOL OF NURSING, FOR EXAMPLE IS HELPING ALLEVIATE THE CRITIAL SHORTAGE OF NURSING PROFESSIONALS. THIS INCLUDES BOTH DIRECT PAYMENT OF EXPENSES ON BEHALF OF THE COLLEGE AND REIMBURSEMENT OF EXPENSES PAID BY THE COLLEGE. THE ORGANIZATION ALSO PROVIDES SUPPORT FOR THE MIAMI INTERNATIONAL FILM FESTIVAL WHICH IS HELD BY THE COLLEGE. THE FESTIVAL PRESENTS THE BEST OF EMERGING AND ESTABLISHED FILM TO THE LOCAL AND INTERNATIONAL COMMUNITY WITHIN AN EDUCATIONAL FRAMEWORK. 10488820 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 46 0 0 1 1 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X MARCOS ORTEGA 3052373240 300 NE 2ND AVENUE RM 4102 MIAMI FL 33132 PENNY SHAFFER 2.00 X X 0 0 0 MIGUEL G FARRA 2.00 X X 0 0 0 EDUARDO J PADRON 2.00 X X 0 0 0 JULIE GRIMES 2.00 X X 0 0 0 BEATRICE LOUISSAINT 2.00 X X 0 0 0 AUGUSTO GIL 2.00 X X 0 0 0 MARIA C ALONSO 2.00 X 0 0 0 SHELDON ANDERSON 2.00 X 0 0 0 MARSHALL M CRISER III 2.00 X 0 0 0 HELEN AGUIRRE FERRE 2.00 X 0 0 0 ARTHUR J FURIA 2.00 X 0 0 0 CAROL A LICKO ESQ 2.00 X 0 0 0 DR GINA CORTES SUAREZ 2.00 X 0 0 0 JORGE A PLASENCIA 2.00 X 0 0 0 MARIO MURGADO 2.00 X 0 0 0 ALFREDO SALAS 2.00 X 0 0 0 ALEXANDRA VILLOCH 2.00 X 0 0 0 DR JOSE VINCENTE 2.00 X 0 0 0 LOUIS WOLFSON III 2.00 X 0 0 0 LORENZO J RODRIGUEZ 40.00 X 0 90126 9445 NAIROBI ABRAMS 40.00 X 0 101748 15655 0 191874 25100 1 0 0 0 0 282216 9123349 9405565 TUITION AND AWARDS 900099 915091 915091 MEMBERSHIP FEES 900099 156683 156683 1071774 1973467 1973467 22898021 22378932 519089 519089 519089 298453 282216 126679 171774 171774 MISCELLANEOUS 900099 142258 142258 INVESTMENT INCOME 900099 61269 61269 PARTNERSHIP INCOME 900099 1911 1911 205438 13347107 1071774 1911 2867857 X 6049658 6049658 262845 262845 599400 599400 38226 38226 54283 54283 59687 59687 53140 53140 7500 7500 364382 364382 547788 373700 132588 41500 228026 31155 196421 450 437138 157324 274767 5047 39488 39488 49937 49937 16461 14642 1727 92 1730 1730 9517 9517 DIRECT PROGRAM SUPPORT 3338780 3337824 456 500 ACTIVITIES & EVENTS 338650 305548 33102 AWARDS & RECOGNITIONS 212789 212789 ANNUAL FUND EXPENSE 25898 25898 -43757 -43757 12691566 10488820 2155157 47589 1660165 2020665 981585 652600 506273 676987 88260 88260 0 0 51380534 50578589 70022841 80226311 42353 326701 124593751 134481853 2303982 3688052 6240010 14906976 8543992 18595028 X 3650897 4414899 65345012 64005790 47053850 47466136 116049759 115886825 124593751 134481853 X 655541 -818475 X X 0 1 1 X 0 X 14885127 16676102 6907130 9359581 9123349 56951289 14885127 16676102 6907130 9359581 9123349 56951289 25740063 31211226 2400711 1871034 1983137 1625470 1973467 9853819 494439 920902 2308 8761 1911 1428321 12929 16132 62650 204953 203527 500191 68733620 5564968 0.45410 0.50370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7500 7500 12684066 12691566 784578 196145 0 0 944917 879638 725879 784578 3335012 5002518 61860 7000 7000 7500 83360 236229 219910 181470 196145 833754 1250631 89654794 1922724 729163 4648366 87658315 79184347 3840063 11319327 4688943 89654794 59927324 8774568 18906024 8423569 79184347 82662401 8170541 -22964641 7940977 59927324 0 0 88260 88260 0 0 OFFSHORE FUNDS 27367250 F LIMITED PARTNERSHIPS 4130572 F SHORT TERM INVESTMENTS 1708708 F GOVERNMENT INVESTMENT POOLS 24773598 F SECURITIES LENDING INVESTED COLLATERAL 14906976 F COMMON TRUST/COMMINGLED FUNDS 7339207 F 80226311 SECURITIES LENDING PAYABLE 14906976 14906976 13347107 12691566 655541 -816564 -1911 -818475 -162934 12462043 -816564 171114 126679 -518771 12980814 364382 1911 366293 13347107 12624977 171114 126679 297793 12327184 364382 364382 12691566 PART XI, LINE 8 - OTHER ADJUSTMENTS: PARTNERSHIP INCOME NOT REPORTED FOR BOOK PURPOSES -1,911. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FOR SPECIAL EVENTS REPORTED ON PAGE 9, LINE 8B 126,679. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME LOSS FROM PARTNERSHIP 1,911. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FOR SPECIAL EVENTS REPORTED ON PAGE 9, LINE 8B 126,679. FIN 48 FOOTNOTE TO FINANCIAL STATEMENTS: THE FOUNDATION ASSESSES ITS TAX POSITION IN ACCORDANCE WITH ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES AS PRESCRIBED BY THE ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN FOR OPEN TAX YEARS (GENERALLY A PERIOD OF THREE YEARS FROM THE LATER OF EACH RETURNS DUE DATE OR THE DATE FILED) THAT REMAIN SUBJECT TO EXAMINATION BY THE FOUNDATIONS MAJOR TAX JURISDICTIONS. GENERALLY, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY ITS MAJOR TAXING AUTHORITIES FOR YEARS BEFORE MARCH 31, 2009. THE FOUNDATION ASSESSES ITS TAX POSITIONS AND DETERMINES WHETHER IT HAS MATERIAL UNRECOGNIZED LIABILITIES FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION RECORDS THESE LIABILITIES TO THE EXTENT THAT IT DEEMS THEM MORE LIKELY THAN NOT TO BE INCURRED. INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, WOULD BE CLASSIFIED AS A COMPONENT OF INCOME TAX EXPENSE. THE FOUNDATION BELIEVES THAT IS DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION OR MEASUREMENT IN THE ACCOMPANYING FINANCIAL STATEMENTS. NWSA GALA 186453 186453 9636 HALL OF FAME GALA 394216 282216 112000 117043 580669 282216 298453 126679 126679 171774 0 SCHOLARSHIPS AND STUDENT AID 2060 6049658 FORM 990, PART VI, SECTION B, LINE 11 THE CHIEF FINANCIAL OFFICER AND BUDGET AND BUDGET AND FINANCE COMMITTEE REVIEW A DRAFT OF THE FORM 990 PROVIDED BY THE TAX RETURN PREPARER. THE FINANCE DIRECTOR THEN WORKS WITH THE PREPARER TO FINALIZE THE RETURN. A COPY OF THE REVISED DRAFT IS ALSO PROVIDED TO MEMBERS OF THE BUDGET AND FINANCE COMMITTEE. THE FULL BOARD OF DIRECTORS REVIEWS THE REVISED DRAFT AT THE UPCOMING BOARD OF DIRECTORS MEETING. UPON APPROVAL, A FINAL COPY IS ISSUED TO THE TAXPAYER FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SECRETARY OF THE BOARD OF TRUSTEES REVIEWS ANNUAL DISCLOSURE STATEMENTS TO DETERMINE WHETHER A MATERIAL FINANCIAL INTEREST HAS BEEN DISCLOSED. IF A MATERIAL FINANCIAL INTEREST HAS BEEN DISCLOSED, THE SECRETARY PROMPTLY SUBMITS TO THE CHAIR OF THE BOARD AUDIT COMMITTEE, OR, IF THE INTERESTS INVOLVE THE CHAIR OF THE AUDIT COMMITTEE, ANOTHER MEMBER OF THE AUDIT COMMITTEE, SUCH DISCLOSURE FORMS TOGETHER WITH ANY ADDITIONAL INFORMATION ABOUT THE CURRENT OR PROPOSED TRANSACTION OR BUSINESS RELATIONSHIP THAT MAY GIVE RISE TO A CONFLICT OF INTEREST THAT THE SECRETARY IN CONSULTATION WITH THE AUDIT COMMITTEE BELIEVES MAY BE INFORMATIVE. FORM 990, PART VI, SECTION B, LINE 15 HUMAN RESOURCES FOR MIAMI DADE COLLEGE IS RESPONSIBLE FOR RECOMMENDING THE STARTING SALARY OF AN EMPLOYEE TO THE COLLEGE PRESIDENT OF DESIGNEE FOR FINAL APPROVAL. THE COLLEGE'S SALARY ADMINISTRATION POLICY ESTABLISHES COMPENSATION PRACTICES AND GUIDELINES THAT ARE FAIR, EQUITABLE AND CONSISTENT WITH ANY FEDERAL, STATE OR LOCAL LAWS AND REGULATORY STATUTES. THE COMPENSATION DEPARTMENT IN HUMAN RESOURCES IS RESPONSIBLE FOR REVIEWING AND MAINTAINING JOB DESCRIPTIONS FOR FULL-TIME AND PART-TIME POSITIONS, CLASSIFICATION OF NEW POSITIONS, AND RECLASSIFICATION REVIEWS FOR CURRENT EMPLOYEES. OTHER RESPONSIBILITIES INCLUDE PREPARING SALARY SURVEYS (LOCAL, STATE AND FEDERAL) ANNUAL REVIEW/MAINTENANCE OF SALARY SCHEDULE, INCLUDING JOB CODES AND SALARY RANGES. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, PART VI, SECTION C, LINE 19: DOCUMENTS ARE MADE AVAILABLE UPON REQUEST BY E-MAIL OR REGULAR MAIL. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -816,564. PARTNERSHIP INCOME NOT REPORTED FOR BOOK PURPOSES -1,911. TOTAL TO FORM 990, PART XI, LINE 5: -818,475. FORM 990, PART XI, LINE 2C: THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR TO THE PROCESS RELATED TO AUDIT OVERSIGHT AND SELECTION OF THE INDEPENDENT ACCOUNTANT FOR THE ORGANIZATION. MIAMI DADE COLLEGE 300 NE 2ND AVENUE MIAMI FL 33132 COLLEGE EDUCATION FL 501(C)(3) 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0