2011-01-28T09:34:18-06:00 2010-03-31 KAUFMAN ROSSIN & CO PA 2699 S BAYSHORE DRIVE MIAMI FL 33133 990 2009-04-01 596169745 MIAMI DADE COLLEGE FOUNDATION INC MIAM 3052373240 300 NE 2ND AVENUE No 1423-1 MIAMI FL 33132 eh levering 3052373240 2011-01-19 1 3058585600 2011-01-19 2009 2016-02-24 21:20:13Z EH Levering 300 NE 2ND AVENUE No 1423-1 MIAMI FL 33132 33106078 0 X www.miamidade.onlinecommunity.com X 1996 FL TO PROVIDE DIRECT SUPPORT TO MIAMI DADE COLLEGE. 17 17 0 75 2308 0 16676102 6907130 988119 911117 -5284864 3235738 13614 168500 12392971 11222485 9587512 9074946 0 1026465 1356540 0 55175 5210695 4154311 15824672 14585797 -3431701 -3363312 92398457 114280679 2144107 9496230 90254350 104784449 OF 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 9074946 9074946 800106 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 10,624 scholarships during the current year, approximately 96% to students attending Miami Dade College. The remaining scholarships were awarded to graduates of MDC for further studies at other colleges and universities. 3295408 111011 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. 12370354 1 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 30 0 0 1 1 1 CJ BF 0 0 0 0 0 0 0 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X EH LEVERING 3052373248 300 NE 2ND AVENUE RM 4102 MIAMI FL 33132 X GLENN H KAUFHOLD 40.00 X X X 0 157718 28139 Sheldon Anderson 2.00 X 0 0 0 Penny shaffer 2.00 X X 0 0 0 Jorge L Lopez 2.00 X X 0 0 0 Miguel G Farra 2.00 X 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 Augusto Gil 2.00 X 0 0 0 DR GINA CORTES SUAREZ 2.00 X 0 0 0 Beatrice Louissaint 2.00 X 0 0 0 Eduardo J Padron 2.00 X 0 0 0 Peter w Roulhac 2.00 X 0 0 0 Alexandra villoch 2.00 X 0 0 0 Louis Wolfson III 2.00 X 0 0 0 MARIA C ALONSO 2.00 X 0 0 0 JULIE GRIMES 2.00 X 0 0 0 JORGE A PLASENCIA 2.00 X 0 0 0 0 157718 28139 1 0 1 0 0 260617 366975 6279538 6907130 Tuition and awards 900099 800106 800106 membership fees 900099 111011 111011 911117 1983137 1983137 23051220 21798619 1252601 1252601 1252601 188516 260617 84974 103542 103542 miscellaneous 900099 62650 62650 partnership income 900099 2308 2308 64958 11222485 911117 2308 3401930 9074946 9074946 1356540 1356540 18138 18138 57000 57000 7000 7000 371140 371140 260202 76937 142578 40687 7578 5758 1520 300 213772 82333 125015 6424 14651 14651 7198 4904 1474 820 63420 33852 28499 1069 7970 7770 200 4313 4313 Direct program support 2824014 2823634 380 awards & Recognitions 466845 442868 18482 5495 activities & Events 182258 168540 13718 equipment purchases 4187 4187 bad debt expense -355375 -355375 14585797 12370354 2160268 55175 316675 1851202 3233775 1743268 856776 509156 88260 88260 0 0 36371342 50471442 51408632 59664886 211257 40725 92398457 114280679 2060459 3394223 83648 6102007 2144107 9496230 X 4120323 5292686 39883695 53139592 46250332 46352171 90254350 104784449 92398457 114280679 X 0 1 1 X 0 X 9064446 16773798 14885127 16676102 6907130 64306603 9064446 16773798 14885127 16676102 6907130 64306603 25793020 38513583 1296384 2155713 2400711 1871034 1983137 9706979 649315 494439 920902 2308 2066964 3036 26252 12929 16132 62650 120999 76201545 4757321 0.50540 0.60130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7000 7000 14585767 14592767 879638 219910 0 0 665505 944917 879638 2490060 3735090 18117 61860 7000 86977 166376 236229 219910 622515 933773 59927324 8774568 18906024 8423569 79184347 82662401 8170541 -22964641 7940977 59927324 0.01150 0.40320 0.58540 0 0 88260 88260 0 0 Mutual Funds 6588799 F OFFSHORE FUNDS 18271889 F LIMITED PARTNERSHIPS 2508630 F SHORT TERM INVESTMENTS 1503944 F GOVERNMENT INVESTMENT POOLS 24766237 F SECURITIES LENDING INVESTED COLLATERAL 6025387 F 59664886 fiscal agent funds payable 76620 SECURITIES LENDING PAYABLE 6025387 6102007 11222485 14585797 -3363312 17895719 -2308 17893411 14530099 28984108 17895719 154378 84974 18135071 10849037 371140 2308 373448 11222485 14454009 154378 84974 239352 14214657 371140 371140 14585797 Part XI, Line 8 - Other Adjustments: partnership income not reported for book purposes Part XII, Line 2d - Other Adjustments: Expenses for special events reported on page 9, line 8b: 84974. Part XII, Line 4b - Other Adjustments: Unrelated business income loss from partnership: 2308. Part XIII, Line 2d - Other Adjustments: Expenses for special events reported on page 9, line 8b: 84974. Fin 48 footnote to financial statements: Commencing for 2010, the Foundation adopted "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 return's due date or the date filed) that remain subject to examination by the Foundation's major tax jurisdictions. Adoption had no effect on the Foundation's financial statements. hwsa gala 18805 14075 4730 4184 50 HALL OF FAME gala 334633 156717 177916 74831 12 95695 89825 5870 5909 449133 260617 188516 4184 80790 84974 103542 0 SCHOLARSHIPS AND STUDENT AID 10624 9074946 0 0 0 0 0 0 0 0 0 GLENN H KAUFHOLD 0 157718 0 0 0 0 0 20693 0 7446 0 185857 0 0 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. 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. fORM 990, PAGE 10, LINE 7, OTHER SALARIES AND WAGES. tHE ORGANIZATION DOES NOT HAVE DIRECT EMPLOYEES. ALL AMOUNTS LISTED ON LINE 7 ARE REIMBURSEMENTS TO MIAMI DADE COLLEGE FOR SERVICES PROVIDED BY THEIR EMPLOYEES FOR THIS ORGANIZATION. FORMS W-2 ARE ISSUED TO THE EMPLOYEES BY MIAMI DADE COLLEGE. 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