2018-12-14T15:53:56-06:00 2018-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2017-07-01 386100380 GRAND RAPIDS COMMUNITY COLLEGE FOUNDATION GRAN 6162343932 143 BOSTWICK NE GRAND RAPIDS MI 49503 LISA A FREIBURGER ASSISTANT TREASURER 6162343932 2018-12-07 1 CAROL LALONDE CPA P00181637 2695674500 2018-11-28 67.59.56.31 2018-12-07 08:13:58 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 58F74DC53CB874483B207ADF23CD6921384352E9 2017 2019-02-21 02:37:17Z KATHRYN K MULLINS EDD 143 BOSTWICK NE GRAND RAPIDS MI 49503 14513000 0 X WWW.GRCC.EDU X 1964 MI IT IS THE MISSION OF THE GRCC FOUNDATION TO SECURE AND MANAGE FINANCIAL GIFTS TO SUPPORT AND PROMOTE STUDENT, EMPLOYEE, AND COMMUNITY LEARNING, ENABLING THE COLLEGE TO FULFILL ITS MISSION AND VISION. THERE ARE TWO SIGNIFICANT ACTIVITIES FROM THE PAST YEAR 1) SCHOLARFEST 2018 AND 2) AWARDING SCHOLARSHIPS TO GRCC STUDENTS. 25 22 0 38 0 0 1825205 4907830 0 0 2370959 1381902 -31452 -34376 4164712 6255356 8852897 3248436 0 0 13032 10300 0 0 336356 646386 785295 9512315 4044031 -5347603 2211325 27057653 31193800 266805 1494909 26790848 29698891 IT IS THE MISSION OF THE GRCC FOUNDATION TO SECURE AND MANAGE FINANCIAL GIFTS TO SUPPORT AND PROMOTE STUDENT, EMPLOYEE AND COMMUNITY LEARNING, ENABLING THE COLLEGE TO FULFILL ITS MISSION AND VISION. 0 0 2293068 2293068 TRANSFERS TO GRAND RAPIDS COMMUNITY COLLEGE FOR SUPPORT OF OTHER PROGRAMS SUCH AS CHILD CARE PROGRAMS, CAPITAL IMPROVEMENTS AT THE COLLEGE, AND VARIOUS OTHER PROGRAMS DETERMINED BY THE FOUNDATION. 955368 955368 THE FOUNDATION PROVIDED $955,368 IN SCHOLARSHIPS AND GRANTS TO STUDENTS AND FACULTY OF GRAND RAPIDS COMMUNITY COLLEGE. IN ADDITION, FACULTY GRANTS PROVIDED THE OPPORTUNITY FOR PROFESSIONAL DEVELOPMENT AND INSTRUCTIONAL IMPROVEMENT. 3248436 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 X 25 22 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X X KATHRYN K MULLINS 6162343932 143 BOSTWICK NE GRAND RAPIDS MI 49503 LARRY MURPHY CHAIRPERSON 1.00 0.00 X X 0 0 0 JAMES V BUZZITTA MD VICE-CHAIRPERSON 1.00 0.00 X X 0 0 0 NANCY AYRES SECRETARY 1.00 0.00 X X 0 0 0 DOUGLAS M KLEIN TREASURER 1.00 0.00 X X 0 0 0 LISA A FREIBURGER ASSISTANT TREASURER 1.00 40.00 X X 0 162800 57568 STEPHEN J ABID DIRECTOR 1.00 40.00 X 0 146001 51747 KRISTINE BABCOCK DIRECTOR 1.00 0.00 X 0 0 0 BETH BANTA DIRECTOR 1.00 0.00 X 0 0 0 MARK BORGMAN DIRECTOR 1.00 0.00 X 0 0 0 DAVID C BOTTRALL DIRECTOR 1.00 0.00 X 0 0 0 KENYATTA L BRAME DIRECTOR 1.00 0.00 X 0 0 0 DAVID CUSTER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL DESPRES DIRECTOR 1.00 0.00 X 0 0 0 BEVERLY DRAKE DIRECTOR 1.00 0.00 X 0 0 0 ELLEN M JAMES DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER JOSEPH DIRECTOR 1.00 0.00 X 0 0 0 DAVID KOETJE DIRECTOR 1.00 0.00 X 0 0 0 ELIAS LUMPKINS DIRECTOR 1.00 0.00 X 0 0 0 JANICE L MAGGINI DIRECTOR 1.00 0.00 X 0 0 0 NATHANIEL MOODY DIRECTOR 1.00 0.00 X 0 0 0 SAMUEL OJO DIRECTOR 1.00 0.00 X 0 0 0 BILL PINK PH D DIRECTOR 1.00 40.00 X 0 254732 35914 RICHARD N STEWART PH D DIRECTOR 1.00 0.00 X 0 0 0 AARON TURNER DIRECTOR 1.00 0.00 X 0 0 0 DAN WEBB DIRECTOR 1.00 0.00 X 0 0 0 JULIE LEPZINSKI DIRECTOR (RESIGNED JANUARY 2018) 1.00 0.00 X 0 0 0 DEREK M RUMMEL DIRECTOR (RESIGNED JULY 2017) 1.00 0.00 X 0 0 0 KIM THOMAS DIRECTOR (RESIGNED JUNE 2018) 1.00 0.00 X 0 0 0 KATHRYN K MULLINS ED D EXECUTIVE DIRECTOR 28.00 12.00 X 0 136828 50137 0 700361 195366 0 0 1 0 FIFTH THIRD BANK 38 FOUNTAIN SQUARE PLAZA CINCINNATI OH 45263 INVESTMENT MANAGEMENT 163879 1 229296 224415 4454119 14380 4907830 496651 496651 9092665 8207414 885251 885251 885251 15854 229296 50230 -34376 -34376 6255356 0 0 1347526 X 3240316 3240316 8120 8120 10300 10300 163879 163879 571646 272967 298679 22393 22393 27377 27377 4044031 3248436 459239 336356 1268168 1176475 1368641 1968882 760173 3182858 23594199 24792144 66472 73441 27057653 31193800 24088 753903 242717 741006 266805 1494909 X 3883755 3970277 16360115 19161626 6546978 6566988 26790848 29698891 27057653 31193800 2211325 696718 0 X X 0 1 X 1 0 X 895026 5315885 2235547 1825205 4907830 15179493 50000 153282 152494 162614 140325 658715 945026 5469167 2388041 1987819 5048155 15838208 5862759 9975449 412603 431000 449314 465644 496651 2255212 39297 1314712 158886 29587 15854 1558336 19651756 0.50760 0.48840 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2013 AMOUNT: $ 39,297. 2014 AMOUNT: $ 1,314,712. 2015 AMOUNT: $ 158,886. 2016 AMOUNT: $ 29,587. 2017 AMOUNT: $ 15,854. 11482714 120447 822332 554861 243841 11626791 10948445 83060 971391 520182 11482714 11393810 123247 20245 588857 10948445 11180416 182975 582147 551728 11393810 10351988 70958 1236042 478572 11180416 0.56480 0.43520 0 0 0 7142629 696718 140325 837043 6305586 -50230 -50230 6255356 4234586 140325 50230 190555 4044031 0 4044031 PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR PURPOSES CONSISTENT WITH PROVIDING SCHOLARSHIPS, GRANTS FOR PROFESSIONAL DEVELOPMENT, AND TO ADDRESS OTHER COLLEGE NEEDS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -50,230. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 50,230. SCHOLARFEST 2018 245150 229296 15854 7022 25653 17555 245150 229296 15854 7022 25653 17555 50230 -34376 1 GRAND RAPIDS COMMUNITY COLLEGE 143 BOSTWICK AVE NE GRAND RAPIDS MI 49503 382980195 115 3225936 14380 FAIR MARKET VALUE EQUIPMENT AND LAB SUPPLIES PROGRAM SUPPORT 1 0 EMERGENCY GRANTS TO STUDENTS 16 6620 GRANTS TO FACULTY FOR EDUCATIONAL TRAVEL 9 1500 PART I, LINE 2: FOR SCHOLARSHIPS AND/OR STUDENT ASSITANCE, THE AMOUNTS ARE MANAGED THROUGH THE FINANCIAL AID PROCESS AND DOCUMENTED WITH RECORDS IN THE FINANCIAL AND/OR FOUNDATION OFFICERS. GRANTS TO GRCC EMPLOYEES FOR PROFESSIONAL DEVELOPMENT AND OTHER PROGRAMS ARE MANAGED AND DOCUMENTED BY THE FOUNDATION USING COLLEGE/FOUNDATION PROCEDURES. X 1 1 0 0 0 0 0 0 0 0 0 LISA A FREIBURGER ASSISTANT TREASURER 0 152279 0 0 0 10521 0 40540 0 17028 0 220368 0 0 STEPHEN J ABID DIRECTOR 0 142391 0 0 0 3610 0 38690 0 13057 0 197748 0 0 BILL PINK PH D DIRECTOR 0 186659 0 0 0 68073 0 25614 10300 0 10300 280346 0 0 KATHRYN K MULLINS ED D EXECUTIVE DIRECTOR 0 118046 0 0 0 18782 0 33110 0 17027 0 186965 0 0 PART I, LINE 1A PAYMENT OF COUNTRY CLUB DUES FOR BILL PINK (GRCC PRESIDENT). THE AMOUNT PAID WAS NOT INCLUDED IN TAXABLE COMPENSATION. PART I, LINE 3 THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS ESTABLISHED BY GRAND RAPIDS COMMUNITY COLLEGE POLICY AND PROCEDURES, APPROVED BY THE COLLEGE PRESIDENT, THE COLLEGE BOARD OF TRUSTEES, AND THE GRCC FOUNDATION BOARD OF DIRECTORS. COMPENSATION FOR COMPARABLE POSITIONS AT OTHER SIMILAR EDUCATIONAL INSTITUTIONS IS CONSIDERED IN SETTING COMPENSATION LEVELS. FORM 990, PART VI, SECTION A, LINE 6 THE GRCC FOUNDATION HAS SEVEN MEMBERS (FOUNDATION BOARD CHAIRPERSON, FOUNDATION BOARD VICE CHAIRPERSON, FOUNDATION BOARD TREASURER, FOUNDATION BOARD SECRETARY, GRCC BOARD OF TRUSTEES CHAIRPERSON, GRCC BOARD OF TRUSTEES TREASURER, GRCC PRESIDENT) THE MEMBERS APPROVE/ELECT THE BOARD OF DIRECTORS OF THE GRCC FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF GRCC FOUNDATION HAVE THE POWER TO APPOINT MEMBERS TO THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE GRCC FOUNDATION BOARD OF DIRECTORS PROPOSES CANDIDATES TO SERVE ON THE BOARD. THESE NOMINATIONS MUST BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED INDIVIDUALLY BY THE DIRECTORS PRIOR TO FILING. ANY ISSUES OR CONCERNS WOULD BE ADDRESSED AT A SUBSEQUENT MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS AND KEY EMPLOYEES. EACH PERSON REVIEWS AND SIGNS THE POLICY STATEMENT ANNUALLY BEFORE ANY FORMAL ACTIONS WITH POTENTIAL CONFLICTS ARE CONSIDERED BY THE BOARD, THE CHAIRPERSON WOULD INQUIRE AS TO THE EXISTENCE OR POSSIBLE EXISTENCE OF ANY CONFLICTS. ANY ACTUAL CONFLICTS THAT ARISE WOULD BE ADDRESSED BY THE BOARD PRIOR TO A DECISION/VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE PERFORMANCE OF THE EXECUTIVE DIRECTOR IS REVIEWED BY THE COLLEGE PRESIDENT. THE LAST REVIEW WAS COMPLETED IN JUNE 2018 IN COMPLIANCE WITH COLLEGE POLICIES. THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS ESTABLISHED BY COLLEGE POLICY AND PROCEDURES, APPROVED BY THE COLLEGE PRESIDENT, THE COLLEGE BOARD OF TRUSTEES, AND THE GRCC FOUNDATION BOARD OF DIRECTORS. COMPENSATION FOR COMPARABLE POSITIONS AT OTHER SIMILAR EDUCATIONAL INSTITUTIONS IS CONSIDERED IN SETTING COMPENSATION LEVELS. FORM 990, PART VI, SECTION C, LINE 19 GRCC FOUNDATION BOARD OF DIRECTORS MEETING MINUTES, FOUNDATION POLICIES, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 272,967. FUNDRAISING EXPENSES 298,679. TOTAL EXPENSES 571,646. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED THEIR OVERSIGHT PROCESS WITHIN THE PAST YEAR. GRAND RAPIDS COMMUNITY COLLEGE 143 BOSTWICK AVE NE GRAND RAPIDS MI 49503 382980195 HIGHER EDUCATION MI 115 N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 GRAND RAPIDS COMMUNITY COLLEGE B 3240316 CASH GRAND RAPIDS COMMUNITY COLLEGE C 224415 CASH GRAND RAPIDS COMMUNITY COLLEGE N 140325 ACTUAL COST GRAND RAPIDS COMMUNITY COLLEGE P 411028 ACTUAL COST