2012-11-06T09:03:07-06:00 2012-06-30 232932984 PARENTEBEARD LLC 1200 ATWATER DRIVE SUITE 225 MALVERN PA 19355 990 2011-07-01 237454575 LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION LEHI 6107991711 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 180782598 ELLEN MILLARD-KERN 6107991711 2012-11-05 1 JULIUS GREEN CPA P00350393 6106478100 2011 2016-02-24 21:20:13Z ELLEN MILLARD-KERN 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 180782598 3995478 0 X WWW.LCCC.EDU/FOUNDATION X 1975 PA LCCC FOUNDATION GENERATES THE PHILANTHROPIC RESOURCES TO SUPPORT THE COLLEGE'S MISSION & PROGRAMS. 26 25 0 25 0 0 273493 236477 0 0 78281 235398 377354 394397 729128 866272 608708 687467 0 0 0 0 668 0 11545 67287 68734 676663 756201 52465 110071 11918918 11802414 123891 23023 11795027 11779391 X LCCC FOUNDATION GENERATES THE PHILANTHROPIC RESOURCES SUCH AS SCHOLARSHIPS AND OTHER STUDENT FUNDING TO SUPPORT THE COMMUNITY COLLEGE'S MISSION, PROGRAMS, AND CAPITAL PROJECTS THAT HELP TURN STUDENT ASPIRATIONS INTO REALITY THROUGH EDUCATION. 0 0 687467 687467 ALL FUNDING GENERATED IS DIRECTED TOWARD SCHOLARSHIPS FOR LCCC STUDENTS OR TOWARD THE PURPOSES FOR WHICH DONORS HAVE MADE THEIR DONATIONS, SUCH AS CAPITAL IMPROVEMENTS (NEW ATHLETIC FIELDS). THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO THE STUDENTS AND GRADUATES OF LEHIGH CARBON COMMUNITY COLLEGE, AS WELL AS TO THE COLLEGE ITSELF. IN ADDITION TO ANNUAL OPERATING SUPPORT OF OVER $350,000 GIVEN TO THE COLLEGE EACH YEAR BY THE FOUNDATION, AN ANNUAL GIFT OF $50,000 IS GIVEN TO THE COLLEGE WITH THE ONLY RESTRICTION THAT THE FUNDS BE USED FOR STUDENT SCHOLARSHIPS, WHICH LAST YEAR HELPED WITH THE TUITION OF 27 STUDENTS. IN ADDITION, STUDENTS WERE PROVIDED WITH REVENUE FROM NEARLY 30 SCHOLARSHIP AND AWARD FUNDS, INCLUDING AN ENDOWED FUND THAT COVERS TUITION AND FEES FOR THE LAST TWO YEARS OF QUALIFIED LCCC GRADUATES' BACHELOR'S DEGREES AT SELECT PA INSTITUTIONS. THE ALUMNI BOARD WAS SUPPORTED IN ITS RE-ORGANIZATIONAL AND EVENT EFFORTS, AND THE FOUNDATION FUNDED NEARLY $200,000 IN COSTS FOR THE CONSTRUCTION AND MARKETING OF THE COLLEGE'S NEW BUSINESS ENTERPRISE CENTER AT THE TAMAQUA LOCATION. 687467 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 3 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X X TIM HERRLINGER EXECUTIVE DIRECTOR 6107991711 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 180782598 MS ELLEN MILLARD-KERN 0.10 X X 0 0 0 MS KATHY KOVATCH REAMAN 0.10 X X 0 0 0 MR JOHN T CATHERS JR 0.10 X X 0 0 0 MR THOMAS OLEKSA 0.10 X X 0 0 0 MS ANN BIEBER 0.50 X 0 121474 41672 MRS ANNABELLE CREVELING 0.10 X 0 0 0 MR TONY BOYLE 0.10 X 0 0 0 MS LEE W BOND 0.10 X 0 0 0 MS JAN CREEDON 0.10 X 0 0 0 MR BERNARD DURANT 0.10 X 0 0 0 MS MARIA ESPOSITO 0.10 X 0 0 0 MS ROBIN FLORES 0.10 X 0 0 0 MR RONALD GLASS 0.10 X 0 0 0 MR ANDRE GREEN 0.10 X 0 0 0 MR CHRISTOPHER C JORDAN 0.10 X 0 0 0 MR RICHARD KERN 0.10 X 0 0 0 MR BERNARD M LESAVOY 0.10 X 0 0 0 MR DAVID LOBACH 0.10 X 0 0 0 MR RON NEIMEYER 0.10 X 0 0 0 MR KENT C NEWHART 0.10 X 0 0 0 MR ROGER REIS 0.10 X 0 0 0 MR DALE ROTH 0.10 X 0 0 0 MS CHRISTINA SHOEMAKER 0.10 X 0 0 0 MS BETTY SMITH 0.10 X 0 0 0 MR WILLARD SNYDER 0.10 X 0 0 0 MR MARK THOMPSON 0.10 X 0 0 0 MR TIM J HERRLINGER MSIT 40.00 X 0 70808 32639 0 192282 74311 0 0 1 0 0 79242 157235 4914 236477 94846 94846 506304 90604 415700 415700 415700 3116341 1000 2976789 0 139552 1000 140552 140552 40510 79242 61813 -21303 -21303 866272 0 0 629795 628276 628276 59191 59191 1220 1220 825 825 23885 23885 9999 9999 1135 1135 999 999 11931 11931 MAIL PRODUCTION 7545 7545 IN KIND DONATED GOODS 4914 4914 GENERAL STEWARDSHIP MAT 2898 2898 MISCELLANEOUS 2476 1900 576 907 381 526 756201 687467 57189 11545 43730 120043 1680952 672208 1466145 824046 0 83304 174750 0 6679617 833843 5937377 5845774 2615964 4257039 11918918 11802414 34828 48 89063 22975 123891 23023 X 9462189 9443139 720003 739876 1612835 1596376 11795027 11779391 11918918 11802414 X 110071 -125707 X X 0 1 1 X 0 X 1116698 1392173 568636 273493 157235 3508235 1116698 1392173 568636 273493 157235 3508235 1175764 2332471 497899 448081 573752 582675 601150 2703557 6211792 98510 0.37550 0.60540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2117147 7986 -24061 2101072 2008536 312 108299 2117147 1948683 20000 39853 2008536 504000 1444683 1948683 0.24000 0.76000 0.00000 0 0 572725 572725 6106892 833843 5273049 5845774 866272 756201 110071 -125707 -125707 -15636 892982 -125707 -125707 1018689 -152417 -152417 866272 908618 152417 152417 756201 0 756201 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ALL ENDOWMENT FUNDS ARE RESTRICTED BY THE DONOR OR BY THE BOARD SPECIFICALLY FOR THE USE OF THE COLLEGE TO FURTHER ITS MISSION THROUGH SCHOLARSHIPS AND RELATED FUNDING. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE FOUNDATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR 2011, 2010, AND 2009 REMAIN SUBJECT TO EXAMINATION BY THE IRS. THE FOUNDATION'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -61,813. RENTAL EXPENSE -90,604. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 61,813. RENTAL EXPENSES 90,604. GOLF TOURNAMENT 67184 35223 31961 230 5455 14761 10187 1350 MOON DANCE 25278 18741 6537 620 10133 2800 1820 1 27290 25278 2012 190 2217 8208 2507 1335 119752 79242 40510 420 8292 22969 22827 2800 4505 61813 -21303 1 LEHIGH CARBON COMMUNITY COLLEGE 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 231670163 501(C)(3) 628276 FMV ASSIST IN SUPPORTING ITS EDUCATIONAL FUNCTIONS 1 0 SCHOLARSHIPS 27 59191 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL GRANTS ARE SCHOLARSHIPS TO PARTICULAR STUDENTS/ALUMNI AS PART OF A SPECIFIC SCHOLARSHIP PROGRAM. GRANTEES HAVE THEIR FUNDING SENT DIRECTLY TO THE RECIPIENT INSTITUTION - NO GRANTEE RECEIVES DIRECT FUNDING. 0 0 0 0 0 0 0 0 0 MS ANN BIEBER 0 121474 0 0 0 0 0 0 0 41672 0 163146 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE EXECUTIVE DIRECTOR OF THE FOUNDATION AND THE COLLEGE'S CONTROLLER PERFORM AN INITIAL REVIEW OF THE FORM 990. ONCE THEY ARE SATISFIED, THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS IN ADVANCE OF FILING. THE DIRECTORS ARE GIVEN SEVERAL WEEKS TO REVIEW AND COMMENT. ALL COMMENTS ARE NOTED BEFORE THE FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A DIRECTOR IS SELECTED AS COMPLIANCE OFFICER FOR THE FISCAL YEAR AND IS DESIGNATED AS THE INITIAL ARBITER FOR CONFLICTS. THE BOARD REVIEWS THE ARBITER'S REVIEW OF THE SITUATION, IF ANY, AND DETERMINES WHETHER A COURSE OF ACTION IS NECESSARY. THE EXECUTIVE DIRECTOR OR ANOTHER BOARD-DESIGNEE CARRIES OUT THE ACTIONS OF THE BOARD. ALL DIRECTORS AND THE EXECUTIVE DIRECTOR ARE COVERED UNDER THE POLICY, WHICH IS RENEWED ANNUALLY. THERE ARE NO RESTRICTIONS ON PERSONS WITH A CONFLICT UNLESS THE BOARD DEEMS IT IN THE BEST INTEREST OF THE FOUNDATION AND THE COLLEGE. IN ADDITION TO ANNUAL RESEARCH BY THE EXECUTIVE DIRECTOR, EACH DIRECTOR COMPLETES A CONFLICT OF INTEREST FILING THAT INCLUDES, AMONG OTHER ITEMS, THE REPORTING OF FAMILIAL RELATIONSHIPS. ALTHOUGH THE FORM DOES NOT SPECIFICALLY MENTION BUSINESS RELATIONSHIPS, THESE ARE DISCUSSED AT THE ANNUAL MEETING WHEN THE NEW FISCAL YEAR FORMS ARE DISSEMINATED. FOUNDATION BOARD MEMBERS ARE EXPECTED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. THEY SHOULD IDENTIFY IN WRITING ANY SUCH CONFLICTS TO THE CHAIRMAN OF THE BOARD PRIOR TO ENGAGING IN THE ACTIVITY THAT POSES THE POTENTIAL CONFLICT. IF A CONFLICT OF INTEREST IS FOUND TO EXIST, THE BOARD MEMBER INVOLVED SHOULD RECUSE HIMSELF/HERSELF FROM PARTICIPATION IN DECISIONS ON BEHALF OF THE FOUNDATION THAT AFFECT HIS/HER PERSONAL INTERESTS. FORM 990, PART V, LINE 2 & FORM 990,PART VI, LINE 15: NO DIRECTOR RECEIVES COMPENSATION FROM THE FOUNDATION. THE EXECUTIVE DIRECTOR IS PAID BY THE COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNMENT DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION IN THE OFFICE OF THE FOUNDATION, 4525 EDUCATION PARK DRIVE, SCHENCKSVILLE, PA 18078 BETWEEN 8AM AND 5 PM DAILY MONDAY THROUGH FRIDAY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -125,707. AUDIT OVERSIGHT: FORM 990, PAGE 12, PART XII, LINE 2C THE PROCESS FOR DETERMINING INDEPENDENT AUDITORS AND OVERSIGHT OF THE AUDIT PROCESS HAS NOT CHANGED FROM PRIOR YEARS. OFFICER'S COMPENSATION: FORM 990, PART VII THE EXECUTIVE DIRECTOR IS COMPENSATED BY ITS RELATED ENTITY, LEHIGH CARBON COMMUNITY COLLEGE. THE COLLEGE HAS A COMPENSATION DETERMINATION PROCESS IN PLACE WHICH ENSURES THAT ALL OFFICERS ARE COMPENSATION THAT IS WITHIN FAIR MARKET RANGE FOR THE INDUSTRY. LEHIGH CARBON COMMUNITY COLLEGE 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 231670163 COMMUNITY COLLEGE PA 501(C)(3) 6 N/A 0 0 1 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0