2011-12-21T15:54:01-06:00 2011-06-30 MCDERMOTT AND MILLER PC PO BOX 1317 HASTINGS NE 689021317 990 2010-07-01 470728813 CENTRAL COMMUNITY COLLEGE FOUNDATION INC CENT 4024624000 PO BOX 4903 GRAND ISLAND NE 688024903 JACK SCHREINER 4024624000 2011-12-21 1 SHERRI L BONIFAS CPA 4024624154 2011-12-21 2010 2016-02-24 21:20:13Z JACK SCHREINER 101 S JOSEPH AVE HASTINGS NE 68901 2414294 0 X WWW.CCCNEB.EDU/FOUNDATION X 1989 NE PROVIDE MONETARY AND ADVISORY SUPPORT FOR CENTRAL COMMUNITY COLLEGE 20 20 0 0 0 0 1325334 2165989 0 0 -154427 112055 6356 19525 1177263 2297569 1111308 1903994 0 0 0 0 0 0 86147 270633 347051 1381941 2251045 -204678 46524 4895773 5761319 556157 550467 4339616 5210852 THE FOUNDATION'S MISSION IS TO PROVIDE MONETARY AND ADVISORY SUPPORT FOR STUDENTS, EMPLOYEES AND PROGRAMS OF CENTRAL COMMUNITY COLLEGE AND TO MAKE VISABLE THE MISSION AND NEEDS OF THE COLLEGE TO THE COMMUNITY, BUSINESS, AND INDUSTRY. 0 0 895079 SCHOLARSHIPS PROVIDED - THE FOUNDATION WAS ABLE TO PROVIDE $895,079 OF SCHOLARSHIPS TO STUDENTS ATTENDING CENTRAL COMMUNITY COLLEGE DURING THE FISCAL YEAR ENDED JUNE 30, 2010. OF THAT AMOUNT, $70,830 OF SCHOLARSHIPS WERE PROVIDED FROM THE FOUNDATION'S ENDOWMENT FUNDS. THE REMAINING $824,249 OF SCHOLARSHIPS WERE RECEIVED INDIRECTLY FROM CONTRIBUTIONS PASSED THROUGH TO CENTRAL COMMUNITY COLLEGE. 1008915 PROGRAM AND ACTIVITY SUPPORT - FUNDS IN THE AMOUNT OF $22,025 WERE TRANSFERRED TO CENTRAL COMMUNITY COLLEGE AND $83,700 TO VARIOUS OTHER NEBRASKA COMMUNITY COLLEGES FOR PROGRAM SUPPORT DURING THE FISCAL YEAR ENDED JUNE 30, 2010. IN ADDITION, $903,190 OF DONATED EQUIPMENT AND SUPPLIES WERE ALSO TRANSFERRED TO CENTRAL COMMUNITY COLLEGE TO ASSIST IN VARIOUS PROGRAM ACTIVITIES. 1903994 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SHARON LISKE 3083987577 3134 W HIGHWAY 34 GRAND ISLAND NE 688024903 X DALE POHLMANN 0.50 X X 0 0 0 JACK SCHREINER 0.50 X X 0 0 0 GALE BEIROW 0.50 X 0 0 0 KEVIN BROSTROM 0.50 X 0 0 0 LARRY BUTLER 0.50 X 0 0 0 JOHN CODLING 0.50 X 0 0 0 BOB EMERSON 0.50 X 0 0 0 BUD FLEISCHER 0.50 X 0 0 0 MATT GOTSCHALL 0.50 X 0 0 0 WILLIAM HITESMAN 0.50 X 0 0 0 H DONNELL HULME 0.50 X 0 0 0 SHARON LISKE 20.00 X 0 0 0 HOMER PIERCE 0.50 X 0 0 0 BONNIE PRESTON 0.50 X 0 0 0 DONALD SCHUPBACH 0.50 X 0 0 0 JAMES SCOW 0.50 X 0 0 0 GREG SMITH 0.50 X 0 0 0 LAVERN FRANZEN 0.50 X 0 0 0 JOSEPH PREUSSER 0.50 X 0 0 0 JACK CROWLEY 0.50 X 0 0 0 JEFF ANDERSON 0.50 X 0 0 0 DOUG CAMPLIN 0.50 X 0 0 0 TERRY MILLARD 0.50 X 0 0 0 CHUCK SHOEMAKER 0.50 X 0 0 0 DEAN MOORS 40.00 X 0 106572 24230 0 106572 24230 1 0 0 0 0 137209 2028780 903190 2165989 117937 117937 24696 30578 -5882 -5882 -5882 47451 137209 86147 -38696 -38696 MISCELLANEOUS 611710 58221 58221 58221 2297569 52339 0 79241 1008915 1008915 895079 895079 21332 21332 31636 31636 13147 13147 4553 4553 MISCELLANEOUS 87421 1274 86147 SALARY AND BENEFIT REIM 66020 66020 TRUSTEE FEES 30731 30731 POSTAGE AND PRINTING 30267 30267 GIFTS RETURNED 20720 20720 41224 41224 2251045 1903994 260904 86147 129996 90593 207953 173106 14592 16266 77321 91627 4174839 5094970 280719 285503 10353 9254 4895773 5761319 14961 11653 300 541196 538514 556157 550467 X 95387 95056 705633 714982 3538596 4400814 4339616 5210852 4895773 5761319 X 46524 824712 X X 0 1 0 X 0 X 2120650 1858909 934974 1325334 2079842 8319709 2120650 1858909 934974 1325334 2079842 8319709 352255 7967454 153382 203486 157231 118966 117937 751002 47962 42862 55169 84874 105672 336539 9407250 0.84690 0.89230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3538596 88352 917830 70831 44887 28247 4400813 3456048 65506 416433 137189 238667 23535 3538596 5064162 54646 -1077243 410317 116084 59116 3456048 1 0 0 2297569 2251045 46524 824712 824712 871236 3351803 824712 229522 1054234 2297569 0 2297569 2480567 229522 229522 2251045 0 2251045 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE CURRENT ENDOWMENT FUNDS HAVE BEEN ESTABLISHED TO PROVIDE SCHOLARSHIPS AND OPERATING FUNDING FROM THE INVESTMENT EARNINGS OF THESE ENDOWMENTS. FORM 990, PART IV, LINE 11F: FOOTNOTE FOR UNCERTAIN TAX POSITIONS THE FOUNDATION HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) INTERPRETATION NO. 48, "ACCOUNTING FOR UNCERTIANTY IN INCOME TAXES, AN INTERPRETATION OF FASB ASC 740." THE INTERPRETATION PROVIDES GUIDANCE FOR THE FINANCIAL STATMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, WHICH MAY RESULT IN UNCERTAIN RESULTS IN THE EVENT OF REVIEW BY TAXING AUTHORITIES. X X X X X X 0 ANNUAL DINNER 4950 2541 2409 2229 GOLF TOURNAMENTS 179710 151775 27935 3500 17107 184660 154316 30344 3500 17107 2229 22836 7508 1 CENTRAL COMMUNITY COLLEGE PO BOX 4903 GRAND ISLAND NE 688024903 470494188 170(B)(1)(A)(IV) 22025 903190 FMV EQUIPMENT AND SUPPLIES SUPPORT OF COLLEGE PROGRAMS AND ACTIVITIES SCHOLARSHIPS 925 857870 OTHER INFORMATION: PART IV: THE SCHOLARSHIPS THAT ARE DISBURSED BY THE FOUNDATION CONSIST OF SCHOLARSHIPS THAT ARE RECEIVED BY THE FOUNDATION AND PASSED THROUGH TO CENTRAL COMMUNITY COLLEGE, WHEREBY THE RECIPIANT CRITERIA HAS ALREADY BEEN DETERMINED AND PROCESSED BY THE DONOR, AND SCHOLARSHIPS THAT ARE GENERATED FROM THE FOUNDATION ASSETS. THE FOUNDATION SCHOLARSHIP RECIPIENTS ARE SELECTED BY AN APPLICATION PROCESS THROUGH A SCHOLARSHIP COMMITTEE COMPRISED OF THE THREE FINANCIAL AID DIRECTORS FROM THE HASTINGS, GRAND ISLAND AND COLUMBUS CAMPUSES, ALONG WITH TWO PERSONS FROM THE FOUNDATION OFFICE, INCLUDING THE EXECUTIVE DIRECTOR. THE SCHOLARSHIP APPLICATIONS ARE SCORED ON A SCALE OF 1-10 IN FIVE CATAGORIES; APPLICATION PACKET, ACADEMIC ACHIEVEMENT, REFERENCES, PERSONAL STATEMENT, AND OTHER ACTIVITIES. THE SCORES OF THE APPLICATIONS ARE THEN AVERAGED AND AWARDED BASED UPON RANKING AND/OR CRITIERIA WITHIN RESPECTIVE ENDOWED SCHOLARSHIP FUNDS. X EQUIPMENT 14 903190 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS HAS ADOPTED A CONFLICT OF INTEREST POLICY WHEREBY ALL OFFICERS, DIRECTORS, COMMITTEE MEMBERS, AND KEY EMPLOYEES WILL REVIEW THE POLICY UPON INITIALLY ASSOCIATING WITH THE FOUNDATION, AND ANNUALLY AT THE JUNE BOARD MEETING THEREAFTER. A STATEMENT IDENTIFYING ANY CONFLICTS, OR POTENTIAL CONFLICTS, WILL THEN BE COMPLETED AND REVIEWED BY THE BOARD OF DIRECTORS AND APPROPRIATE ACTION TAKEN TO RESOLVE OR MONITOR THE SITUATION. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION HAS ADOPTED A POLICY WHEREBY THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES SHALL BE DETERMINED ANNUALLY BY EVALUATION OF SAID EMPLOYEES'PERFORMANCE AND REVIEW OF DATA REGARDING PERSONS HOLDING COMPARABLE POSITIONS IN OTHER NEBRASKA ORGANIZATIONS PROVIDING THE SAME SERVICES. THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE FOUNDATION, AS WELL AS THE PRESIDENT OF CENTRAL COMMUNITY COLLEGE, AND BROUGHT TO THE BOARD OF DIRECTORS FOR APPROVAL. SUCH REVIEW AND DELIBERATIONS ARE DOCUMENTED IN MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE KEPT AT THE FOUNDATION'S BUSINESS OFFICE AND ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 824,712. AUDITOR OVERSIGHT AND SELECTION: FORM 990, PART XI, LINE 2C: THE BOARD OF DIRECTORS RECEIVES AND APPROVES THE AUDITED FINANCIAL STATEMENTS. CENTRAL COMMUNITY COLLEGE PO BOX 4903 GRAND ISLAND NE 688024903 470494188 EDUCATIONAL INSTITUTION NE 501(C)(3) 170(B)(1)(A)(II) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0