2013-07-15T15:12:22-05:00 2012-08-31 271728945 O'CONNOR DAVIES LLP 555 HUDSON VALLEY AVENUE SUITE 106 NEW WINDSOR NY 12553 990 2011-09-01 222484101 DUTCHESS COMMUNITY COLLEGE FOUNDATION INC DUTC 8454318400 53 PENDELL ROAD POUGHKEEPSIE NY 12601 DR WILLIAM F ANDERSON 8454318400 2013-07-15 1 GARRETT M HIGGINS P00543209 8452202400 2013-07-15 2011 2016-02-24 21:20:13Z WILLIEAM R STEINHAUS 53 PENDELL ROAD POUGHKEEPSIE NY 12601 1290697 0 X WWW.SUNYDUTCHESS.EDU/ALUMNI/FOUNDATION/ X 1975 NY SUPPORT FOUNDATION FOR DUTCHESS COMMUNITY COLLEGE IN POUGHKEEPSIE, NEW YORK. 30 29 0 31 0 0 1191902 875186 0 0 151405 160537 -91911 -29454 1251396 1006269 483260 379418 0 0 0 0 10060 16352 94975 265134 542280 758454 938050 492942 68219 7058514 7491378 88215 50349 6970299 7441029 X TO RAISE FUNDS TO PROVIDE SCHOLARSHIPS AND SUPPORT FOR IMPORTANT INITIATIVES THAT WILL HAVE A SIGNIFICANT AND MEASURABLE IMPACT ON STUDENTS, FACULTY AND STAFF OF DUTCHESS COMMUNITY COLLEGE. 0 0 429056 379418 THE PROVISION OF EDUCATIONAL GRANTS TO AID AND ADVANCE THE WELFARE, DEVELOPMENT, PURPOSE AND PROGRAMS OF DUTCHESS COMMUNITY COLLEGE AND ITS STUDENTS. DURING THE FISCAL YEAR, THE FOUNDATION AWARDED GRANTS TO OVER 200 STUDENTS OF DUTCHESS COMMUNITY COLLEGE. IN ADDITION TO THE STUDENT SCHOLARSHIPS, THE FOUNDATION AWARDS SMALL GRANTS TO FACULTY IN SUPPORT OF PROJECTS RELATED TO ACADEMIC PROGRAMS. EACH YEAR FACULTY MEMBERS ARE CHOSEN FOR THE CHAIRS, AN HONOR FOR TEACHING EXCELLENCE. THE FACULTY MEMBERS RECEIVE A STIPEND AND ARE ALSO GIVEN A SMALL AMOUNT THAT THEY CAN USE TO BRING IN A SPEAKER OR TO DO A PROJECT. LECTURES TYPICALLY DRAW 300 PEOPLE AND SOME OF OUR SPEAKERS HAVE BEEN PULITZER PRIZE AND NOBEL PRIZE WINNERS. THIS YEAR OUR SPEAKERS WERE:JEFF SHESOL, AUTHOR,"SUPREME POWER: FDR'S COURT FIGHT AND BARRACK OBAMA'S DIANE HARRIFORD, AUTHOR AND PROFESSOR, VASSAR COLLEGE, SPEAKING ON A LIBERAL ARTS EDUCATION JAMES WALLER, CHAIR OF HOLOCAUST AND GENOCIDE STUDIES, KEENE STATE.DUTCHESS COMMUNITY COLLEGE HAS BECOME KNOWN IN THE COMMUNITY FOR ITS OUTSTANDING LECTURE SERIES. WE WORK VERY HARD TO BRING THOUGHT PROVOKING INTELLECTUALS TO THE HUDSON VALLEY FOR ALL TO ENJOY. 429056 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 12 0 0 0 0 0 0 0 1 1 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X DONNA ROCAP ASSOCIATE DEAN FINANCE 8454318400 53 PENDELL ROAD POUGHKEEPSIE NY 12601 PAUL ELLIS CHAIRMAN 2.00 X X 0 0 0 SUSAN A DOYLE 2.00 X 0 0 0 WILLIEAM R STEINHAUS 2.00 X X 0 0 0 MICHAEL H GRAHAM 2.00 X X 0 0 0 SHIRLEY BRERETON 2.00 X 0 0 0 DENNIS DENGEL 2.00 X 0 0 0 W JOHN DUNN ASST TREASURERVP DEA 5.00 X X 0 157584 37830 BRENT CASTER 2.00 X 0 0 0 MARTIN CHARWAT 2.00 X 0 0 0 RICHARD CHAZEN 2.00 X 0 0 0 D DAVID CONKLIN 10.00 X 0 187870 40996 JIM FEDORCHAK 2.00 X 0 0 0 CAROL L GORDON 2.00 X X 0 0 0 ALBERT C GRANT 2.00 X 0 0 0 BERNARD HANDEL 2.00 X 0 0 0 VINCENT NUNZIATO 2.00 X 0 0 0 MICHAEL TJ MCCORMACK 2.00 X 0 0 0 CHRIS MEYER 2.00 X 0 0 0 JODE S MILLMAN 2.00 X 0 0 0 JEAN D NEEDY 2.00 X 0 0 0 JEFFREY G SMITH 2.00 X X 0 0 0 MARTY TRIOLA 2.00 X 0 0 0 DAVID WISE 2.00 X 0 0 0 PATTI ZAKOW 2.00 X 0 0 0 JULIE AUDIA 2.00 X 0 0 0 ELLEN BAKER 2.00 X 0 0 0 KRESHNIK DELIU 2.00 X 0 0 0 LARRY W JOHNSON 2.00 X 0 0 0 VINNY MILLER 2.00 X 0 0 0 KIP BLEAKLEY O'NEILL 2.00 X 0 0 0 ELLEN O'SULLIVAN 2.00 X 0 0 0 VAN B RILEY 2.00 X 0 0 0 DONNA ROCAP 2.00 X 0 0 0 PATRICIA L PRUNTY 35.00 X 0 106563 12367 0 452017 91193 0 0 1 0 0 143922 731264 290022 875186 162198 162198 112479 114140 -1661 -1661 -1661 136109 143922 170288 -34179 -34179 MISCELLANEOUS 900099 4725 4725 4725 1006269 0 0 131083 379418 379418 7300 7300 16352 16352 24882 24882 96182 8900 87282 12015 12015 62562 7582 16245 38735 17686 16727 959 5835 395 5440 487 487 3948 3948 DONATED ARTWORK 223574 189447 34127 FOOD 29068 5076 19679 4313 FRAMING 21655 21655 BAD DEBTS 11865 674 11191 25221 10284 13489 1448 938050 429056 414019 94975 300 300 439067 240379 37750 26868 300 675 32719 44059 43382 8840 808 34542 47973 112571 6499597 7031984 7058514 7491378 69670 29694 18545 20655 88215 50349 X 141045 112865 1771425 2134516 5057829 5193648 6970299 7441029 7058514 7491378 X 68219 402511 X X 0 1 1 X 0 X 1454318 1165108 609204 1191902 875186 5295718 1454318 1165108 609204 1191902 875186 5295718 1185456 4110262 145249 145453 145919 152796 162198 751615 23 2629 4725 7377 6054710 699436 0.67890 0.67670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 215120 X X 0 6070330 78177 508144 121076 6535575 5052923 484711 609462 125169 6021927 4700628 99055 333482 80242 5052923 3965294 934373 28249 218270 4709646 0.04570 0.79340 0.16090 0 0 43382 8840 34542 34542 MULTI-STRATEGY EQUITY FUND 4099637 F MULTI-STRATEGY BOND FUND 2932347 F 7031984 1006269 938050 68219 402511 402511 470730 1821190 402511 306984 130308 839803 981387 24882 24882 1006269 1350460 306984 130308 437292 913168 24882 24882 938050 PART III, LINE 1A: THE FOUNDATION HAS A COLLECTION OF ARTWORK THAT IS ON PUBLIC DISPLAY AT DUTCHESS COMMUNITY COLLEGE. THE FOUNDATION HAS ADOPTED A POLICY IN WHICH THE COLLECTION OF ARTWORK IS NOT CAPITALIZED AND RECOGNIZED AS AN ASSET. ACCORDINGLY, PURCHASES OF ARTWORK ARE A REDUCTION OF NET ASSETS IN THE PERIOD WHEN PURCHASED. PROCEEDS FROM SALES OF INSURANCE RECOVERIES ARE RECORDED AS INCREASES IN NET ASSETS WHEN RECEIVED. THE FOUNDATION RECEIVED ARTWORK WITH A FAIR VALUE OF $223,574 DURING THE YEAR ENDED AUGUST 31, 2012. PART III, LINE 4: THE FOUNDATION HAS A COLLECTION OF ARTWORK THAT IS ON PUBLIC DISPLAY AT DUTCHESS COMMUNITY COLLEGE TO ENHANCE THE LEARNING ENVIRONMENT THROUGHOUT THE CAMPUS. ALL ITEMS WITHIN THE COLLECTION WERE DONATED TO THE FOUNDATION FOR USE AS DISPLAYED ARTWORK. THE ORGANIZATION DOES NOT INTEND TO SELL THE ARTWORK, BUT PLANS TO MAINTAIN THE COLLECTION FOR FUTURE GENERATIONS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FOUNDATION'S INTENDED USE OF ENDOWMENT FUNDS IS TO PROVIDE LONG TERM SUPPORT FOR ITS CHARITABLE PROGRAMS AND TO PRESERVE THE PURCHASING POWER OF THE CORPUS AND INSULATE PROGRAM SPENDING FROM FLUCTUATIONS IN CAPITAL MARKETS. SPECIFICALLY, THE FOUNDATION'S INTENDED USE OF THE ENDOWMENT FUNDS IS FOR THE PROVISION OF GENERAL SCHOLARSHIPS TO STUDENTS ATTENDING DUTCHESS COMMUNITY COLLEGE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION RECOGNIZES THE EFFECTS OF TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY APPLICABLE TAXING JURSIDICTIONS FOR PERIODS PRIOR TO AUGUST 31, 2009. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADDITIONAL SPECIAL EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 130,308. PART XIII, LINE 2D - OTHER ADJUSTMENTS: ADDITIONAL SPECIAL EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 130,308. SCHEDULE D, PART V: THE ENDOWMENT FUND AT SEPTEMBER 1, 2009 WAS ADJUSTED TO REFLECT A PRIOR YEAR RECLASSIFICATION. THE ENDOWMENT FUND AT SEPTEMBER 1, 2011 WAS ALSO ADJUSTED TO REFLECT RECLASSIFICATIONS MADE TO NET ASSETS DUE TO THE ORGANIZATION'S ADOPTION OF NYUPMIFA. X X X 1 LESTER INC 19 BUSINESS PARK DRIVE BRANFORD CT 06405 TELEMARKETING & FUNDRAISING SERVICES 0 15385 16352 -967 15385 16352 -967 NY ANNUAL GALA 176573 102550 74023 48045 3800 59650 GOLF TOURNAMENT 62540 33685 28855 13684 25688 2 40918 7687 33231 19421 280031 143922 136109 61729 3800 104759 170288 -34179 1 DUTCHESS COMMUNITY COLLEGE 53 PENDELL ROAD POUGHKEEPSIE NY 12601 146012314 501(C)(3) 379418 TO AID THE PURPOSES AND PROGRAMS OF DUTCHESS COMMUNITY COLLEGE. 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FOUNDATION PROCESSES AND APPROVES ALL REIMBURSEMENTS OF GRANT FUNDS TO THE COLLEGE. THE COLLEGE DOES NOT RECEIVE THE FUNDS DIRECTLY. THE FUNDS MUST GO THROUGH THE FOUNDATION. GRANT FUNDS ARE MONITORED BY THE DUTCHESS COMMUNITY COLLEGE ADMINISTRATION FOR COMPLIANCE WITH GRANT AGREEMENTS AND APPLICABLE GOVERNMENT REGULATIONS. 0 0 0 0 0 0 0 0 0 W JOHN DUNN ASST TREASURERVP DEA 0 155981 0 0 0 1603 0 22902 0 14928 0 195414 0 0 D DAVID CONKLIN 0 182147 0 0 0 5723 0 32954 0 8042 0 228866 0 0 X 10 215120 FAIR MARKET VALUE X 2828 FAIR MARKET VALUE X 2 66448 FAIR MARKET VALUE X 1 10 FAIR MARKET VALUE X SUPPLIES 2 3450 FAIR MARKET VALUE X MUSICAL EQUIPMENT 1 2166 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 A PAPER COPY OF THE DRAFT OF THE FORM 990 IS REVIEWED BY THE FOUNDATION'S AUDIT COMMITTEE, BOARD OF DIRECTORS AND THE ADMINISTRATION PERSONNEL AND EXECUTIVES OF THE FOUNDATION PRIOR TO FILING. IF THERE ARE ANY ERRORS OR QUESTIONS, THESE ITEMS WILL BE DISCUSSED WITH THE ACCOUNTANTS PREPARING THE RETURN. ONCE THESE QUESTIONS AND ERRORS ARE RESOLVED, THE BOARD WILL APPROVE THE RETURN AND WILL NOTIFY THE ACCOUNTANTS THAT IT MAY BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO ANNUALLY AFFIRM COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. NEW APPOINTEES ARE REQUIRED TO ACKNOWLEDGE ACCEPTANCE OF THE POLICY UPON APPOINTMENT. INDIVIDUALS ARE REQUIRED TO DISCLOSE ANY CONFLICTS THAT MAY EXIST WHEN MATTERS COME UP FOR DELIBERATION OR DECISION, AND TO RECUSE THEMSELVES FROM THE PROCESS WHEREVER A CONFLICT MAY EXIST. THE EXECUTIVE DIRECTOR, OFFICERS AND KEY EMPLOYEES ARE NOT COMPENSATED BY THE ORGANIZATION, BUT ARE COMPENSATED BY A RELATED ORGANIZATION, DUTCHESS COMMUNITY COLLEGE. KEY EMPLOYEES, WHOSE TIME IS STRICTLY DEVOTED TO THE FOUNDATION, ARE COVERED UNDER A UNION CONTRACT. THE EXECUTIVE DIRECTOR IS A MANAGEMENT CONFIDENTIAL EMPLOYEE OF THE COLLEGE. MANAGEMENT CONFIDENTIAL SALARIES ARE DETERMINED BY THE PRESIDENT AND THE COLLEGE BOARD OF TRUSTEES AND APPROVED WITH A BOARD RESOLUTION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE SERVICE CODE AS IT IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR WEBSITES. IN ADDTIION, FORM 1023, AS WELL AS THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE AVAILABLE UPON WRITTEN REQUEST OF THE ORGANIZATION AT 53 PENDELL ROAD, POUGHKEEPSIE, NY 12601, OR BY CALLING THE ORGANIZATION AT 845-431-8400. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 402,511. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE ORGANIZATION ASSISTS THE BOARD OF DIRECTORS IN FULFILLING ITS OVERSIGHT RESPONSIBILITIES RELATING TO THE INTEGRITY OF THE ORGANIZATION'S FINANCIAL STATEMENTS, ITS COMPLIANCE WITH LEGAL AND REGULATORY REQUIREMENTS, THE QUALIFICATIONS, INDEPENDENCE AND PERFORMANCE OF THE ORGANIZATION'S INDEPENDENT AUDITORS, ITS CODE OF ETHICS AND BUSINESS CONDUCT, AND ANY CONFLICT OF INTEREST QUESTIONS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. DUTCHESS COMMUNITY COLLEGE 53 PENDELL ROAD POUGHKEEPSIE NY 12601 146012314 TWO-YEAR COMMUNITY COLLEGE NY SEC. 170(B)(1)(A)(V) N/A N/A 0 DURCHESS COMMUNITY COLLEGE ASSOCIATION INC 53 PENDELL ROAD POUGHKEEPSIE NY 12601 141438943 TO SERVE THE EDUCATIONAL COMMUNITY OF DUTCHESS COMMUNITY COLLEGE NY 501 (C)(3) LINE 5 DUTCHESS COMMUNITY COLLEGE 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0