2026-04-02T11:46:47-05:00 2025-06-30 450250958 EIDE BAILLY LLP 800 NICOLLET MALL STE 1300 MINNEAPOLIS MN 554027033 990 2024-07-01 330390547 SADDLEBACK COLLEGE FOUNDATION SADD 9495824479 28000 MARGUERITE PKWY MISSION VIEJO CA 92692 DR ELLIOT STERN PRESIDENT 9495824479 2026-03-24 1 1 KIM HUNWARDSEN CPA P00484560 6122536500 2026-03-24 2024 2025-03-06 01:10:19Z DR ELLIOT STERN 28000 MARGUERITE PKWY MISSION VIEJO CA 92692 6920821 0 X WWW.SADDLEBACK.EDU/FOUNDATION X 2003 CA PROVIDE FINANCIAL SUPPORT FOR ACADEMIC, ATHLETIC, AND CULTURAL PROGRAMS OF SADDLEBACK COLLEGE. 16 15 0 50 0 0 1217988 1853767 83838 97392 402301 601021 77988 -107706 1782115 2444474 555475 601105 0 0 75413 87290 0 0 93637 669459 637296 1300347 1325691 481768 1118783 13819870 15510778 118536 172942 13701334 15337836 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 1173169 601105 97392 SADDLEBACK COLLEGE FOUNDATION RECEIVES CONTRIBUTIONS TO FURTHER THE EDUCATIONAL PURPOSES OF SADDLEBACK COLLEGE WHICH IS PART OF THE SOUTH ORANGE COUNTY COMMUNITY COLLEGE DISTRICT. THE FOUNDATION SUPPORTS THE COLLEGE IN THE FOLLOWING WAYS: 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. 1173169 1 1 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 28 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 15 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 ELIZABETH MCCANN EXECUTIVE DIRECTOR 2.00 0.00 X X 256691 0 27336 DR ELLIOT STERN PRESIDENT 2.00 0.00 X X 0 0 0 MARK SCHWARTZ CHAIR 2.00 0.00 X X 0 0 0 M MAHBOOB AKHTER IMMEDIATE PAST-CHAIR 2.00 0.00 X X 0 0 0 ISAIAH HENRY VICE CHAIR 2.00 0.00 X X 0 0 0 JIM LEACH SECRETARY 2.00 0.00 X X 0 0 0 ANTHONY FERRY TREASURER 2.00 0.00 X X 0 0 0 DR MORGAN BARROWS DIRECTOR 2.00 0.00 X 0 0 0 SCOTT KITCHER DIRECTOR 2.00 0.00 X 0 0 0 KEVIN MIDDLETON DIRECTOR 2.00 0.00 X 0 0 0 DR LISA SCHENITZSKI DIRECTOR 2.00 0.00 X 0 0 0 CARA DAVIDOFF DIRECTOR 2.00 0.00 X 0 0 0 ERLYNNE BALLO DIRECTOR 2.00 0.00 X 0 0 0 LISA BARTLETT DIRECTOR 2.00 0.00 X 0 0 0 BRENDAN O'DONNELL DIRECTOR 2.00 0.00 X 0 0 0 KRISTIAN SUAZO DIRECTOR 2.00 0.00 X 0 0 0 256691 0 27336 1 0 1 0 THE RITZ-CARLTON HOTEL COMPANY DANA POI ONE RITZ-CARLTON DRIVE DANA POINT CA 92629 GALA EVENT RECEPTION AND CATERING 105392 1 217507 1636260 77753 1853767 CAMPUS PROGRAM 900099 97392 97392 97392 259389 259389 4643973 4302341 341632 341632 341632 66300 217507 174006 -107706 -107706 2444474 97392 0 493315 X 48686 48686 552419 552419 87290 70015 17275 39187 39187 58822 58822 4354 4354 64279 61791 2488 PROGRAM EXPENSES 305146 301109 4037 FUNDRAISING 76362 76362 EQUIPMENT 49795 49795 OTHER EXPENSES 33262 20089 13173 6089 6089 1325691 1173169 58885 93637 862982 1247265 1372443 1442265 596104 589961 107297 7355 9870812 11143591 1010232 1080341 13819870 15510778 87499 91589 31037 81353 118536 172942 X 4285582 5079672 9415752 10258164 13701334 15337836 13819870 15510778 X 1118783 447610 70109 X 0 1 X 1 0 X 937184 1624606 1238477 1217988 1853767 6872022 611087 595997 1083232 1246439 1267594 4804349 1548271 2220603 2321709 2464427 3121361 11676371 552578 11123793 195731 205351 166257 179030 259389 1005758 2599 77988 80587 44422 44422 12807138 234640 0.86860 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2022 AMOUNT: $ 44,422. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 8719449 316870 675437 270593 9441163 7542378 112246 628727 206865 8076486 6657631 601441 487083 203777 7542378 7979799 99943 -1197430 224681 6657631 4278695 241261 1032035 239807 5312184 0.93016 0.06984 0.00000 1 0 0 BENEFICIAL INTEREST IN FCCC 1080341 1080341 X 4364606 447610 1267594 244115 1959319 2405287 39187 39187 2444474 2728104 1267594 174006 1441600 1286504 39187 39187 1325691 PART IV, LINE 2B: THE FOUNDATION ACTS AS A FISCAL AGENT FOR DEPARTMENTS, ORGANIZATIONS, AND GROUPS OF SADDLEBACK COLLEGE. $81,353 OF THE FOUNDATION'S ASSETS BELONG TO OTHER PARTIES. THE FOUNDATION DOES NOT HAVE LEGAL ACCESS NOR ANY DISCRETION OVER THE AMOUNTS HELD FOR OTHERS BEHALF. 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 V, LINE 1A: THE BEGINNING OF YEAR AMOUNT REPORTED IN COLUMN (B) WAS RESTATED TO APPROPRIATELY REFLECT THE JUNE 30, 2024 ENDOWMENT BALANCE. 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. THE FOUNDATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST 70,109. SPECIAL EVENT EXPENSES 174,006. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 174,006. GALA 283807 217507 66300 44000 104782 25224 283807 217507 66300 44000 104782 25224 174006 -107706 1 SOUTH ORANGE COUNTY COMMUNITY COLLEGE DISTRICT 28000 MARGUERITE PARKWAY MISSION VIEJO CA 92692 952479872 STATE OF CALIFORNIA 0 48686 FAIR MARKET VALUE BOOKS, SUPPLIES, AND EQUIPMENT FOR USE IN DISTRICT PROGRAMS 1 0 STUDENT SCHOLARSHIP 316 550020 2399 FMV STUDENT VISAS FOR TRAVEL AND GIFT CARDS 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. 0 0 0 0 0 0 0 0 0 ELIZABETH MCCANN EXECUTIVE DIRECTOR 256691 0 0 0 0 0 0 0 27336 0 284027 0 0 0 PART I, LINE 3 ELIZABETH MCCANN IS COMPENSATED BY AN UNRELATED ORGANIZATION, SOUTH ORANGE COUNTY COMMUNITY COLLEGE DISTRICT, FOR SERVICES PROVIDED AS AN EMPLOYEE OF THIS ORGANIZATION. COMPENSATION SHOWN REPRESENTS TOTAL COMPENSATION PAID BY THE UNRELATED ENTITY. X 12925 FMV X EQUIPMENT 11 35761 FMV X GALA PRIZES 55 29067 FMV 0 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS ARE REPORTED IN COLUMN (B). 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 B, LINE 15 EXECUTIVE DIRECTOR COMPENSATION IS DETERMINED BY SOUTH ORANGE COUNTY COLLEGE DISTRICT'S (AN UNRELATED ENTITY) BOARD OF TRUSTEES. 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 IX, LINE 7 THE SOUTH ORANGE COUNTY COMMUNITY COLLEGE DISTRICT PAYS THE SALARIES FOR THE FOUNDATION. THE FOUNDATION REIMBURSES THE DISTRICT FOR HOURLY EMPLOYEES. FORM 990, PART XI, LINE 9: CHANGES IN BENEFICIAL INTEREST 70,109.