2012-04-04T09:06:53-05:00 2011-06-30 PARENTEBEARD LLC 1200 ATWATER DRIVE SUITE 225 MALVERN PA 19355 990 2010-07-01 237454575 LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION LEHI 6107991711 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 180782598 ELLEN MILLARD-KERN 6107991711 2012-03-22 1 JULIUS GREEN CPA 6106478100 2010 2016-02-24 21:20:13Z ELLEN MILLARD-KERN 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 180782598 2037811 0 X WWW.LCCC.EDU X 1975 PA TO SUPPORT AND ASSIST THE LEHIGH COMMUNITY COLLEGE IN THE ACCOMPLISHMENT OF ITS EDUCATIONAL PURPOSE. 29 28 0 50 0 0 568636 273493 0 0 46598 78281 411710 377354 1026944 729128 673360 608708 0 0 0 0 0 668 12496 31643 67287 705003 676663 321941 52465 11578513 11918918 99293 123891 11479220 11795027 X TO SUPPORT AND ASSIST THE LEHIGH CARBON COMMUNITY COLLEGE IN THE ACCOMPLISHMENT OF ITS EDUCATIONAL PURPOSES. 0 0 609326 608708 899024 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 43 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. 609326 1 1 0 0 0 0 0 0 1 1 1 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 1 1 1 1 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X X X TIM HERRLINGER 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 117142 44929 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 BERNIE DURANT 0.10 X 0 0 0 MS MARIA ESPOSITO 0.10 X 0 0 0 MR RAYMOND FEDERICI 0.10 X 0 0 0 MS ROBIN FLORES 0.10 X 0 0 0 MS KATHY FRAZIER 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 MS YVETTE PALMER 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 71670 30193 0 188812 75122 0 0 1 0 0 114491 159002 273493 68703 68703 504394 91603 412791 412791 412791 1148364 1138786 9578 9578 9578 42857 114491 78294 -35437 -35437 729128 0 0 455635 502765 502765 105943 105943 283 283 2813 2813 668 668 15575 15575 4130 4130 13185 618 739 11828 900 900 15368 15368 IN KIND DONATED GOODS 15033 15033 676663 609326 54841 12496 74013 43730 1813719 1680952 2116573 1466145 10000 700 174750 6679617 742240 6028981 5937377 133329 1401198 2615964 11578513 11918918 34828 99293 89063 99293 123891 X 9150900 9462189 823784 720003 1504536 1612835 11479220 11795027 11578513 11918918 X 52465 263342 X 0 1 1 X 0 X 759644 1116698 1392173 568636 273493 4110644 759644 1116698 1392173 568636 273493 4110644 4110644 577293 497899 448081 573752 582675 2679700 6790344 221265 0.60540 0.62480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2008536 312 108299 2117147 1948683 20000 39853 2008536 504000 1444683 1948683 0.24000 0.76000 0 0 572725 572725 6106892 742240 5364652 5937377 MUTUAL FUNDS 2288768 F MONEY MARKET ACCOUNTS 92110 F MARKETABLE EQUITY SECURITIES 235086 F 2615964 729128 676663 52465 263342 263342 315807 1162367 263342 263342 899025 -169897 -169897 729128 846560 169897 169897 676663 0 676663 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FOUR ENDOWMENT FUNDS ARE ALL INTENDED FOR USE BY THE COLLEGE AND/OR STUDENTS OF THE COLLEGE. OF THE FOUR FUNDS, TWO ARE PERMANENT ENDOWMENTS (BOTH FOR SCHOLARSHIPS ); ONE IS A QUASI ENDOWMENT FOR THE LIBRARY; AND ONE IS A GENERAL QUASI-ENDOWMENT FUND FOR SCHOLARSHIPS AND OTHER RESTRICTED COLLEGE PURPOSES SUCH AS A BOOK FUND. 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 2010, 2009, AND 2008 REMAIN SUBJECT TO EXAMINATION BY THE IRS. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -78,294. RENTAL EXPENSE -91,603. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 78,294. RENTAL EXPENSES 91,603. GOLF TOURNAMENT 85910 65534 20376 430 5212 14461 11378 9095 MOON DANCE 46123 25948 20175 5173 10752 2800 3072 1 25315 23009 2306 1350 2471 9560 2540 157348 114491 42857 1780 12856 24021 24670 2800 12167 78294 -35437 1 LEHIGH CARBON COMMUNITY COLLEGE 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 231670163 501(C)(3) 445042 15033 FMV ASSIST IN SUPPORTING ITS EDUCATIONAL FUNCTIONS ALBRIGHT COLLEGE PO BOX 15234 READING PA 19612 231352615 501(C)(3) 12115 FMV SCHOLARSHIPS ALVERNIA UNIVERSITY 951 MORGANTOWN RD READING PA 19607 231522643 501(C)(3) 10500 FMV SCHOLARSHIPS BLOOMSBURG UNIVERSITY OF PA 400 E SECOND STREET BLOOMSBURG PA 17815 501(C)(3) 5987 FMV SCHOLARSHIPS SCHOLARSHIPS 43 50000 SCHOLARSHIPS AND AWARDS (CREDIT AND NON CREDIT COURSES) 52 55943 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION'S EXECUTIVE DIRECTOR REVIEWS THE USE OF GRANT FUNDS, IT IS APPROVED BY THE FINANCE COMMITTEE, RECORDED IN QUICKBOOKS, AND THEN RECORDED MANUALLY IN A CHECK REGISTER. 0 0 0 0 0 0 0 0 0 MS ANN BIEBER 0 117142 0 0 0 0 0 0 0 0 0 117142 0 0 FORM 990, PART VI, SECTION B, LINE 11 BOARD OF DIRECTORS RECIEVE A COPY OF THE COMPLETED FORM 990 IN ADVANCE OF FILING AND ARE GIVEN TWO WEEKS TO REVIEW AND COMMENT. ALL COMMENTS ARE NOTED AND THE FORM IS FILED BEFORE THE DATE DUE. 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 SITUAITON, 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 INTERST OF THE FOUNDAITON 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. 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 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 263,342. LEHIGH CARBON COMMUNITY COLLEGE 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 231670163 COMMUNITY COLLEGE PA 501(C)(3) 6 N/A 0 1 0 1 0 0 0 0 1 1 0 1 0 1 1 1 1 1 0 THIS RETURN IS BEING FILED BETWEEN MARCH 1, 2012, AND MARCH 30, 2012, AS DIRECTED BY THE IRS IN NOTICE 2012-4, BECASUE ELECTRONIC FILING WAS NOT AVAILABLE JANUARY 1, 2012 THROUGH FEBRUARY 29, 2012. WE REQUEST THAT PENALTIES BE WAIVED BECAUSE IT WOULD BE INEQUITABLE TO IMPOSE A PENALTY ON US DUE TO THE UNUSUAL CIRCUMSTANCES REQUIRING US TO DELAY THE FILING OF THIS RETURN.