2011-11-10T16:47:19-06:00 2011-06-30 SIKICH LLP 998 CORPORATE BLVD AURORA IL 60502 990 2010-07-01 362990533 WAUBONSEE COMMUNITY COLLEGE FOUNDATION WAUB 6304667900 ROUTE 47 AT WAUBONSEE DRIVE SUGAR GROVE IL 60554 DARLA CARDINE 6304667900 2011-11-10 1 ANDREW TWARDOWSKI 6305668400 2010 2016-03-07 17:11:31Z KATHARINE RICHARDS ROUTE 47 AT WAUBONSEE DRIVE SUGAR GROVE IL 60554 1150293 0 X WWW.WAUBONSEE.EDU/ALUMNI/FOUNDATION.PHP X 1978 IL TO FUND WAUBONSEE COMMUNITY COLLEGE STUDENT SCHOLARSHIPS. 25 25 0 112 0 0 139258 425587 0 0 80444 82508 459 -4642 220161 503453 144810 128220 0 0 0 0 0 0 0 23415 28978 168225 157198 51936 346255 2438620 3141729 0 0 2438620 3141729 X TO CONTINUE FUNDING FOR EXISTING SCHOLARSHIP PROGRAMS AND TO INITIATE NEW SCHOLARSHIPS, BOTH TO ENCOURAGE ENROLLMENT IN SPECIALIZED CAREER AREAS AND TO RESPOND TO STUDENT NEED.TO ADVANCE THE EDUCATION, SCIENTIFIC, LITERARY AND CHARITABLE PURPOSES OF WAUBONSEE COMMUNITY COLLEGE.TO OFFER ADVICE, PROVIDE FEEDBACK AND FIND ALTERNATIVE METHODS OF RAISING FUNDS TO MEET ADDITIONAL NEEDS OF WAUBONSEE COMMUNITY COLLEGE. TO INCREASE INDIVIDUAL, FOUNDATION AND CORPORATE SUPPORT FOR THE WAUBONSEE COMMUNITY COLLEGE FOUNDATION. TO FUND PROGRAMS AND SERVICES THAT INCREASE ACCESS TO EDUCATION FOR THE COMMUNITY AT LARGE. 0 0 128220 128220 THE WAUBONSEE COMMUNITY COLLEGE FOUNDATION PROVIDED SCHOLARSHIPS TO 223 STUDENTS ATTENDING WAUBONSEE COMMUNITY COLLEGE. THE TOTAL VALUE OF THE SCHOLARSHIPS WAS $128,220 WHICH INCLUDED $98,266 OF WAUBONSEE COMMUNITY COLLEGE FOUNDATION SCHOLARSHIPS, $13,000 OF BUSINESS COMPETITION SCHOLARSHIPS AND $6,250 IN PROGRAM SCHOLARSHIPS FOR WAUBONSEE COMMUNITY COLLEGE STUDENTS. AN ADDITIONAL $10,704 WAS SPENT ON BRIGHTER FUTURES SCHOLARSHIPS FOR UNEMPLOYED WAUBONSEE COMMUNITY COLLEGE RESIDENTS. 128220 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X THE ORGANIZATION 6304667900 ROUTE 47 AT WAUBONSEE DRIVE SUGAR GROVE IL 60554 PENELOPE CAMERON 2.00 X X 0 0 0 GERALD PALMER 2.00 X X 0 0 0 MICHAEL OCHSENSCHLAGER 2.00 X X 0 0 0 DALE BERMAN 1.00 X 0 0 0 JOHN CORDOGAN 1.00 X 0 0 0 GERARD DEMPSEY 1.00 X 0 0 0 ANDREW FAVILLE 1.00 X 0 0 0 STAN FREE 1.00 X 0 0 0 THEODIA GILLESPIE 1.00 X 0 0 0 DR ELLEN BARNES 1.00 X 0 0 0 RICHARD HAWKS 1.00 X 0 0 0 DR DIANE HOMAN 1.00 X 0 0 0 ANGELO KLERONOMOS 1.00 X 0 0 0 DANIEL KRAMER 1.00 X 0 0 0 EDUARDO GILL 1.00 X 0 0 0 TERRENCE M DUFFY 1.00 X 0 0 0 CAROLE MICHELS 1.00 X 0 0 0 WILLIAM MURPHY 1.00 X 0 0 0 JOSEPH PIRCON 1.00 X 0 0 0 RICHARD A FALTZ 1.00 X 0 0 0 JAMES RHOADES 1.00 X 0 0 0 WILLIAM SKOGLUND 1.00 X 0 0 0 DR SHERRY GRAY 1.00 X 0 0 0 DR THOMAS R HUBERTY 1.00 X 0 0 0 BONNIE PROCTOR 1.00 X 0 0 0 KATHARINE RICHARDS 32.00 X 65034 0 5700 DARLA CARDINE 2.00 X 0 0 0 65034 0 5700 0 0 0 1 0 26804 398783 149564 425587 67028 67028 650507 635027 15480 15480 15480 7171 26804 11813 -4642 -4642 503453 0 0 77866 128220 128220 6138 6138 18509 18509 250 250 2748 2748 MISCELLANEOUS 1144 1144 BANK FEES 154 154 FILING FEES 35 35 157198 128220 28978 0 347850 344408 8470 700 1544 772 2009969 2726425 70787 69424 2438620 3141729 0 0 X 26987 24731 1323357 1779158 1088276 1337840 2438620 3141729 2438620 3141729 X 346255 356854 X 0 1 1 X 0 X 303930 260826 272620 139258 425587 1402221 303930 260826 272620 139258 425587 1402221 225625 1176596 240307 86919 67472 66322 67028 528048 33285 31409 20482 459 85635 2015904 0.58370 0.60240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1088276 249564 1337840 1096276 8000 1088276 1046276 50000 1096276 1.00000 0 0 0 503453 157198 346255 344127 12727 356854 703109 872120 344127 24540 368667 503453 0 503453 169011 11813 11813 157198 0 157198 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PROVIDE FUNDS FOR WAUBONSEE COMMUNITY COLLEGE STUDENT SCHOLARSHIPS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN CASH VALUE OF LIFE INSURANCE 12,727. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 11,813. CASH SURRENDER VALUE OF LIFE INSURANCE 12,727. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 11,813. GOLF OUTING 33975 26804 7171 8235 3578 33975 26804 7171 8235 3578 11813 -4642 1 SCHOLARSHIPS 223 128220 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: DURING THE SCHOLARSHIP RECIPIENT SELECTION PROCESS, ONLY THOSE STUDENTS WHO MEET A DONOR'S SPECIFIED SELECTION CRITERIA ARE CONSIDERED BY THE SELECTION COMMITTEE FOR A PARTICULAR SCHOLARSHIP. FOLLOWING THE AWARD OF A SCHOLARSHIP, AN ANALYST IN THE FINANCIAL AID OFFICE VERIFIES EACH SEMESTER THAT STUDENTS WITH SCHOLARSHIPS THAT SPECIFY A MAJOR AREA OF STUDY OR A SPECIFIC GRADE POINT AVERAGE (GPA) ARE TAKING COURSES IN THE SPECIFIED AREA OF STUDY AND/OR MAINTAINING THE REQUIRED GPA. STUDENTS WHO DO NOT COMPLY WITH THEIR SCHOLARSHIP'S SPECIFICATIONS LOSE THE SCHOLARSHIP SECOND SEMESTER. IN ADDITION, THE WAUBONSEE COMMUNITY COLLEGE FOUNDATION BOARD OF DIRECTORS RECEIVES A LIST OF CURRENT YEAR SCHOLARSHIP RECIPIENTS AND THE AMOUNT OF SCHOLARSHIP FUNDS EACH HAS USED QUARTERLY. 0 0 0 0 0 0 0 0 0 KATHARINE RICHARDS 65034 0 0 0 0 0 0 0 5700 0 70734 0 0 0 SUPPLEMENTAL INFORMATION PART III THE AMOUNT OF COMPENSATION FOR KATHERINE RICHARDS REPORTED IN PART VII AND ON SCHEDULE J IS COMPENSTAION PAID BY WAUBONSEE COMMUNITY COLLEGE FOR SERVICES PROVIDED TO WAUBONSEE COMMUNITY COLLEGE FOUNDATION. X 1 149564 MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS HAS DELEGATED TO THE EXECUTIVE COMMITTEE THE RESPONSIBILITY FOR REVIEW OF THE 990. WHEN THE EXECUTIVE COMMITTEE IS NOTIFIED THAT THE 990 IS COMPLETE AND READY FOR ITS REVIEW, ALL OTHER MEMBERS OF THE BOARD OF DIRECTORS ARE ALSO NOTIFIED AND INVITED TO REVIEW THE 990 IF THEY WISH TO DO SO. FORM 990, PART VI, SECTION B, LINE 12C EVERY DIRECTOR RECEIVES THE CONFLICT OF INTEREST POLICY AND STATEMENT FROM THE PRESIDENT OF WAUBONSEE COMMUNITY COLLEGE FOUNDATION PRIOR TO THE FALL ANNUAL MEETING. ONCE ALL SIGNED FORMS HAVE BEEN RECEIVED, THE PRESIDENT OF WAUBONSEE COMMUNITY COLLEGE FOUNDATION AND THE CHAIRMAN OF THE MEMBERSHIP COMMITTEE REVIEW THEM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE TOP MANAGEMENT OFFICIAL OF WAUBONSEE COMMUNITY COLLEGE FOUNDATION IS AN EMPLOYEE OF, EVALUTED BY, AND COMPENSATED BY WAUBONSEE COMMUNITY COLLEGE. WAUBONSEE COMMUNITY COLLEGE EVAULATES COMPENSATION BASED ON A COMPREHENSIVE COMPENSATION BENEFITS STUDY. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 344,127. CHANGE IN CASH VALUE OF LIFE INSURANCE 12,727. TOTAL TO FORM 990, PART XI, LINE 5: 356,854.