2024-05-14T16:30:26+00:00 2023-06-30 350921680 CROWE LLP 231 S Bemiston Ave Suite 800 Clayton MO 63105 990 2022-07-01 237306390 Columbia College Foundation COLU 2095885055 11600 Columbia College Drive Sonora CA 95370 Amy Nilson Foundation Director 2024-05-14 true Amy Nilson 999009999 Steve Lenivy P01635350 3148022000 2022 2023-04-26 12:10:37Z Trevor Stewart 11600 Columbia College Drive Sonora CA 95370 2001234 false X https://www.gocolumbia.edu/give_a_gift/ X 1972 CA TO PROMOTE STUDENT SUCCESS BY PROVIDING COMMUNITY RESOURCES THAT SUPPORT AND EXPAND EDUCATIONAL OPPORTUNITIES FOR COLUMBIA COLLEGE STUDENTS. 13 13 0 14 0 0 539391 760538 0 0 -580188 357925 0 0 -40797 1118463 307155 351927 0 0 0 0 0 24019 59349 60924 366504 412851 -407301 705612 5047442 5716835 53911 17692 4993531 5699143 TO PROMOTE STUDENT SUCCESS BY PROVIDING COMMUNITY RESOURCES THAT SUPPORT AND EXPAND EDUCATIONAL OPPORTUNITIES FOR COLUMBIA COLLEGE STUDENTS. false false 325949 325949 THE FOUNDATION AWARDED 260 SCHOLARSHIPS TO COLUMBIA COLLEGE STUDENTS. 35804 25978 THE FOUNDATION SUPPORTED VARIOUS SERVICES, PROGRAMS, AND FACILITIES ON CAMPUS - SUCH AS MINI GRANTS TO STUDENT ORGANIZATIONS, FIRE ACADEMY, AND THE PROMISE PROGRAM. 361753 true true false false false false true false true false false false false false true true true false false false false false false false false false true true false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false X 13 13 false false false false false false false true true false false true true true true true false false false false CA X Amy Nilson 2095885055 11600 COLUMBIA COLLEGE DRIVE SONORA CA 95370 X Charles Segerstrom President 6.0 X X 0 0 0 Colette Such Secretary 2.0 X X 0 0 0 Jan Verhage Vice President 2.0 X X 0 0 0 Maria Benech Treasurer 2.0 X X 0 0 0 Cathy Parker Director 2.0 X 0 0 0 Cindy Simonson Director 2.0 X 0 0 0 Jeanne Duffer Shephard Director 2.0 X 0 0 0 Jeff Phillips Director (resigned effective Nov. 2022) 2.0 X 0 0 0 Jim Roeber Director 2.0 X 0 0 0 Judith Myers Chair of Development 2.0 X 0 0 0 Lee Ann Fox Director 2.0 X 0 0 0 Marcia Williams DIRECTOR 2.0 X 0 0 0 Margie Bulkin DIRECTOR 2.0 X 0 0 0 Steve Hayward DIRECTOR 2.0 X 0 0 0 0 0 0 0 false false false 0 760538 760538 0 0 0 0 0 103133 103133 0 0 1137563 882771 254792 0 254792 254792 0 0 0 0 0 1118463 0 0 357925 25978 25978 325949 325949 27079 27079 0 0 0 0 132 132 21609 21609 1361 1361 Membership/dues 917 917 Miscellaneous Expenses 9826 9826 0 0 0 0 412851 361753 27079 24019 460486 281202 0 0 0 0 0 0 0 0 4275475 5117363 228990 235779 0 82491 82491 5047442 5716835 53911 17692 0 0 0 0 53911 17692 X 321687 354601 4671844 5344542 4993531 5699143 5047442 5716835 705612 0 X false true X true false X 323007 205781 466995 539391 760538 2295712 0 0 323007 205781 466995 539391 760538 2295712 254265 2041447 81620 106157 107549 198853 103133 597312 0 0 0 0 0 0 360 0 0 0 0 360 2893384 0 0.7056 0.7198 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 360.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 360.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 82491 X false 2918687 0 172896 75826 3015757 2928572 169640 -124222 55303 2918687 2780346 83392 168438 103604 0 2928572 2735816 34032 106173 95675 0 2780346 2610183 23100 160913 58380 0 2735816 0.0 0.7097 0.2903 true false 0 X 1394510 303126 0 303126 1091384 27079 0 27079 1118463 688898 303126 0 303126 385772 27079 0 27079 412851 Schedule D, Part III, Line 4 Collections of art - description of collections THE FOUNDATION'S VISION IS TO PROMOTE QUALITY HIGHER EDUCATION THAT ENRICHES THE ACADEMIC, ECONOMIC, AND CULTURAL LIFE OF OUR COMMUNITY BY HOLDING AND EXHIBITING ART COLLECTIONS AT THE COLLEGE CAMPUS. THE FOUNDATION IS ASSISTING STUDENTS AND OTHER MEMBERS OF THE PUBLIC TO GAIN EXPOSURE TO CULTURAL AND ARTISTIC COLLECTIONS. Schedule D, Part V, Line 4 Intended uses of endowment funds THE FOUNDATION PARTICIPATED IN A STATEWIDE SCHOLARSHIP FUNDRAISING CAMPAIGN, THE OSHER SCHOLARSHIP INITIATIVE. FUNDS RAISED BY THE FOUNDATION WERE TRANSFERRED TO THE FOUNDATION FOR CALIFORNIA COMMUNITY COLLEGES (FCCC), WHICH ADMINISTERS THE CALIFORNIA SCHOLARSHIP ENDOWMENT ON BEHALF OF ALL PARTICIPATING COLLEGE FOUNDATIONS. THE FOUNDATION ENTERED INTO AN AGREEMENT WITH FCCC FOR THIS PURPOSE, ALLOWING US TO ACCESS MATCHING FUNDS FROM THE OSHER FOUNDATION FOR FUNDS WE RAISED. THE FOUNDATION FOLLOWS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENTS WHILE SEEKING TO MAINTAIN PURCHASING POWER OF THE ENDOWMENT ASSETS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Foundation is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Foundation has been classified as an organization that is not a private foundation under Section 509(a)(2). The Foundation has not entered into any activities that would jeopardize its tax-exempt status. Accordingly, no provision for income taxes is required. The Foundation files exempt organization returns in the U.S. federal and California jurisdictions. Tax returns remain subject to examination by the U.S. Federal jurisdiction for three years after the return is filed and for four years by the California jurisdiction. There are currently no tax years under examination. The Foundation adopted FASB ASC 740, Income Taxes, which clarifies the accounting for uncertainty in income taxes recognized in the Foundation's financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on derecognition and measurement of a tax position taken or expected to be taken in a tax return. The Foundation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Foundation does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. Interest and penalties on tax assessments are classified as income tax expense when incurred. For the years ended June 30, 2023 and 2022, the Foundation did not incur any interest or penalties. true YOSEMITE COMMUNITY COLLEGE DISTRICT COLUMBIA COLLEGE 11600 COLUMBIA COLLEGE DRIVE SONORA CA 95370 521566989 501(C)(1) 25978 GENERAL ASSISTANCE 1 0 SCHOLARSHIPS 260 325949 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE FOUNDATION BOARD DETERMINES GRANT ELIGIBILITY AND REQUIREMENTS. GRANTS ARE TRANSFERRED TO THE DISTRICT TO HELP INDIVIDUAL EMPLOYEES OR DEPARTMENTS FOR THEIR PROJECTS. ALL SCHOLARSHIP APPLICANTS MUST COMPLETE THE APPLICATION PROCESS AND RECEIVE TWO RECOMMENDATIONS TO BE CONSIDERED. ALL APPLICATIONS ARE SUBMITTED TO THE SCHOLARSHIP REVIEW COMMITTEE FOR CONSIDERATION. Form 990, Part IV, Line 34 RELATED ORGANIZATION Columbia College Foundation (the "Foundation") serves to support and enhance the educational excellence of Columbia College. The Foundation provides the community the opportunity to assist and invest in the development of comprehensive educational resources at Columbia College. Columbia College is a part of the Yosemite Community College District (the "District"), and provides higher education instruction in the surrounding area. Although there is a relationship between the Foundation and the District, the relationship does not formally meet the formal definition of related organization. Form 990, Part VI, Line 15 PROCESS FOR DETERMINING COMPENSATION THE ORGANIZATION DOES NOT COMPENSATE ANY INDIVIDUALS. THEREFORE, THIS QUESTION HAS BEEN intentionally MARKED NO. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee is responsible for overseeing the development of governing policies and procedures, which must then go before the Board for approval. Form 990, Part VI, Line 11b Review of form 990 by governing body A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD VIA EMAIL. THE FORM 990 IS ALSO REVIEWED BY THE COLLEGE AND FOUNDATION STAFF BEFORE IT IS FILED. Form 990, Part VI, Line 12c Conflict of interest policy ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE THAT IS MAINTAINED IN THE FOUNDATION OFFICE. THE BOARD SECRETARY IS RESPONSIBLE FOR OVERSEEING THAT THIS PROCESS IS ADEQUATELY FOLLOWED BY FOUNDATION STAFF. ALL NEW BOARD MEMBERS MUST COMPLETE AN ANNUAL DISCLOSURE UPON JOINING THE BOARD AS PART OF THEIR INTRODUCTORY PACKETS. IN ADDITION, BOARD AGENDAS NOW INCLUDE A STATEMENT REMINDING DIRECTORS THAT IT IS THEIR RESPONSIBILITY TO DISCLOSE ANY CONFLICTS THAT MIGHT ARISE GIVEN THE ITEMS LISTED IN THE AGENDA. In the instance of a potential conflict of interest, an interested person must fully disclose all material facts regarding his or her financial or ethical interest and must be given the opportunity to disclose this information to the staff and Board members considering the proposed transaction or arrangement. After full disclosure of the interest and all material facts relating to it, and after any discussion with the staff member or Board of Directors regarding the interest, the affected staff or Board member shall leave the Board or Committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining disinterested Board or Committee members shall decide if a conflict exists. If a Board member discloses an interest and the Board or one of its committees determines a conflict of interest exists, the following procedures shall be followed in regard to the transaction involving the conflict: a. The Interested Board member shall abstain from voting on the matter in which the conflict of interest exists. b. The Board President or Committee Chairperson may, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the Board of Directors or appropriate committee shall determine whether the Foundation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible, the Board of Directors or appropriate committee shall determine by a majority vote of the disinterested Board Members whether the transaction or arrangement involving the conflict of interest is just and reasonable and in the Foundation's best interest. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH THE ORGANIZATION'S WEBSITE AND UPON REQUEST TO THE FOUNDATION OFFICE.