2024-02-13T11:55:47-06:00 2023-06-30 450250958 EIDE BAILLY LLP 10681 FOOTHILL BLVD STE 300 RANCHO CUCAMONGA CA 917303831 990 2022-07-01 330390547 SADDLEBACK COLLEGE FOUNDATION SADD 9495824479 28000 MARGUERITE PKWY MISSION VIEJO CA 92692 DR ELLIOT STERN PRESIDENT 9495824479 2024-01-30 1 DR ELLIOT STERN 999009999 0 CATHERINE L GRAY CPA P01294460 9094664410 2024-01-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR ELLIOT STERN 28000 MARGUERITE PKWY MISSION VIEJO CA 92692 4840975 0 X WWW.SADDLEBACK.EDU/FOUNDATION X 2003 CA PROVIDE FINANCIAL SUPPORT FOR ACADEMIC, ATHLETIC, AND CULTURAL PROGRAMS OF SADDLEBACK COLLEGE. 17 12 0 0 0 0 1624606 1238477 25847 27563 467966 119764 -66989 -21280 2051430 1364524 401296 463623 0 0 412566 45020 0 0 43345 637136 511192 1450998 1019835 600432 344689 11734372 12802778 97964 133021 11636408 12669757 X THE FOUNDATION WAS FOUNDED TO ASSIST IN THE ACHIEVEMENT AND THE MAINTENANCE OF A SUPERIOR PROGRAM OF PUBLIC EDUCATION AND COMMUNITY PARTICIPATION WITH THE SOUTH ORANGE COUNTY COMMUNITY COLLEGE DISTRICT BY RECEIVING CONTRIBUTIONS TO EDUCATION AND COMMUNITY PROGRAMS FOR THE DISTRICT AND BY DEVELOPING, CONDUCTING, AND FINANCING PROGRAMS AND PROJECTS DESIGNED TO BENEFIT THE STUDENTS ENROLLED IN THE DISTRICT. 0 0 919322 463623 71985 PERFORMING ARTISTS PERFORM AND TEACH CLASSES IN ORDER TO ENHANCE EDUCATIONAL AND CULTURAL GROWTH; FINANCIAL SUPPORT AND SCHOLARSHIPS ARE DISTRIBUTED TO STUDENTS THROUGH A SELECTION PROCESS AND FINANCIAL AND IN-KIND SUPPORT IS PROVIDED FOR THE ATHLETIC PROGRAMS AND TEAMS TO ENHANCE STUDENT PARTICIPATION AND SUCCESS. 919322 1 1 0 0 0 0 0 0 0 1 0 0 0 1 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 1 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X CONNIE CAVANAUGH 9495824500 28000 MARGUERITE PARKWAY MISSION VIEJO CA 92692 X DR ELLIOT STERN PRESIDENT 2.00 38.00 X X 0 237990 26518 DR JEANNE HARRIS-CALDWELL DIRECTOR 2.00 40.00 X 0 194322 26476 DR MORGAN BARROWS DIRECTOR 2.00 38.00 X 0 137718 26420 DR TERRI WHITT RYDELL DIRECTOR 2.00 X 0 11306 25754 ANTHONY FERRY TREASURER 2.00 X X 0 0 0 M MAHBOOB AKHTER IMMEDIATE PAST-CHAIR 2.00 X X 0 0 0 MARK SCHWARTZ CO-CHAIR 2.00 X X 0 0 0 ISAIAH HENRY VICE CHAIR 2.00 X X 0 0 0 JIM LEACH SECRETARY 2.00 38.00 X X 0 0 0 SCOTT KITCHER DIRECTOR 2.00 X 0 0 0 MARIA GHOBADI DIRECTOR 2.00 X 0 0 0 MICHELLE MACDOUGALL JACKSON DIRECTOR 2.00 38.00 X 0 98571 26449 KEVIN MIDDLETON DIRECTOR 2.00 X 0 0 0 CORY THOMPSON DIRECTOR 2.00 X 0 0 0 MICHAEL WOJTOWICZ DIRECTOR 2.00 38.00 X 0 0 0 CARA DAVIDOFF DIRECTOR 2.00 X 0 0 0 ELIZABETH MCCANN EXECUTIVE DIRECTOR 2.00 40.00 X 0 222088 27082 0 901995 158699 0 0 1 0 0 134497 1103980 16960 1238477 CAMPUS PROGRAM 900099 27563 27563 27563 166257 166257 3241780 3288273 -46493 -46493 -46493 122476 134497 188178 -65702 -65702 OTHER REVENUE 900099 44422 44422 44422 1364524 71985 0 54062 463623 463623 45020 31996 13024 33796 33796 65080 65080 5367 5367 10459 5569 4890 PROGRAM EXPENSES 304537 299498 5039 FUNDRAISING 30321 30321 OTHER EXPENSES 20124 6681 13443 EQUIPMENT 17997 17997 23511 23511 1019835 919322 57168 43345 193835 198726 1415205 1385900 67861 1260175 89721 101084 9059985 8910215 907765 946678 11734372 12802778 87479 118920 10485 14101 97964 133021 X 3378918 3894308 8257490 8775449 11636408 12669757 11734372 12802778 X 344689 649747 38913 X 0 1 X 1 0 X X 1 SOUTH ORANGE COUNTY COMMUNITY COLLEGE 952479872 6 1 463623 0 1 463623 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6657631 601441 487083 203777 7542378 7979799 99943 -1197430 224681 6657631 4278695 241261 1032035 239807 5312184 4551680 191747 -77248 387484 4278695 4544629 168492 118771 280212 4551680 0.91000 0.09000 1 0 0 BENEFIT INTEREST FOR FCCC 946678 946678 PASS-THROUGH SCHOLARSHIP PAYABLE 14101 14101 X 3290798 649747 1083232 227091 1960070 1330728 33796 33796 1364524 2257449 1083232 188178 1271410 986039 33796 33796 1019835 PART X, LINE 2: THE FOUNDATION HAS ADOPTED FASB ASC TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGES IN BENEFIT INTEREST SPECIAL EVENT EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES PART V, LINE 4 THE FOUNDATION'S ENDOWMENT CONSIST OF APPROXIMATELY 79 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THESE PURPOSES INCLUDE THE FUNDING OF SCHOLARSHIPS AND OTHER SPECIAL PURPOSES. ITS ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS. PART X, LINE 2: THE FOUNDATION IS A NONPROFIT PUBLIC BENEFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 509(A)(3). IT IS ALSO EXEMPT FROM STATE FRANCHISE AND STATE TAXES. PART V THE BEGINNING ENDOWMENT FUND BALANCE WAS RESTATED IN THE AUDITED FINANCIAL STATEMENTS TO INCLUDE BOARD DESIGNATED ENDOWMENT FUNDS. GALA 256973 134497 122476 35400 53794 98984 256973 134497 122476 35400 53794 98984 188178 -65702 1 STUDENT SCHOLARSHIP 304 463623 FMV PART I, LINE 2: STUDENTS APPLY TO RECEIVE SCHOLARSHIPS. SCHOLARSHIPS ARE PAID OUT ONCE ENROLLMENT IS VERIFIED BY THE FINANCIAL AID OFFICE AND/OR APPROVED BY THE DIRECTOR OF ANNUAL GIVING AND DEVELOPMENT SERVICES FOR THE FOUNDATION. X 0 0 0 0 0 0 0 0 0 DR ELLIOT STERN PRESIDENT 0 237990 0 0 0 0 0 0 0 26518 0 264508 0 0 ELIZABETH MCCANN EXECUTIVE DIRECTOR 0 222088 0 0 0 0 0 0 0 27082 0 249170 0 0 DR JEANNE HARRIS-CALDWELL DIRECTOR 0 194322 0 0 0 0 0 0 0 26476 0 220798 0 0 DR MORGAN BARROWS DIRECTOR 0 137718 0 0 0 0 0 0 0 26420 0 164138 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 IS FIRST REVIEWED BY THE DISTRICT INTERNAL AUDITOR AND THEN THE FOUNDATION ACCOUNTANT AND FOUNDATION DIRECTOR. ANY CHANGES ARE PROPOSED TO THE DISTRICT INTERNAL AUDITOR WHO COORDINATES THE CHANGES WITH THE OUTSIDE CPA FIRM. A FINAL DRAFT COPY IS REVIEWED AND APPROVED FIRST BY THE FINANCE COMMITTEE AND THEN BY THE BOARD OF GOVERNORS FOR THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SIGN A DISCLOSURE OF POTENTIAL CONFLICTS. ISSUES OF POTENTIAL CONFLICTS ARE DISCUSSED WITH THE BOARD AS NEW SITUATIONS ARISE. THE BOARD REVIEWS ANY CONFLICTS PRESENTED BY INTERESTED PARTIES. THE CHAIRPERSON APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE THE TRANSACTION IN QUESTION AND REPORT FINDINGS TO THE BOARD. ALTERNATIVES TO THE PROPOSED TRANSACTION ARE IDENTIFIED AND COMPARED TO THE PROPOSED TRANSACTION. THE BOARD VOTES ON THE MOST BENEFICIAL OPTION FOR THE ORGANIZATION. IF THE BOARD HAS REASON TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE THE POTENTIAL CONFLICT, THE BOARD WILL INVESTIGATE FURTHER AND IF NECESSARY, TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART VII COLUMN F THE ORGANIZATION PARTICIPATES IN THE PUBLIC EMPLOYEE RETIREMENT SYSTEM OF CALIFORNIA AND STATE TEACHERS RETIREMENT SYSTEM, DEFINED BENEFIT PLANS, DUE TO THE SIZE AND VARIED PARTICIPANTS IN THIS PLAN THE ACTUARIAL VALUE IS NOT CALCULATED ON A PER EMPLOYEE BASIS. NO AMOUNT IS INCLUDED IN COLUMN F FOR A REASONABLE ESTIMATE OF THE INCREASE IN ACTUARIAL VALUE. FORM 990, PART XI, LINE 9: CHANGES IN BENEFIT INTEREST 38,913. SOUTH ORANGE COUNTY COMMUNITY COLLEGE 28000 MARGUERITE PARKWAY MISSION VIEJO CA 92692 952479872 PUBLIC COLLEGE - HIGHER EDUCATION CA 170(B)(1)(A) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 SOUTH ORANGE COUNTY COMMUNITY COLLEGE O 1073032 PAYROLL AND BENEFIT COSTS