2017-03-14T10:23:10-07:00 2016-06-30 Guzman & Gray Certified Public Accountants 4510 E Pacific Coast Highway Suite Long Beach CA 90804 990 2015-07-01 953297459 LONG BEACH CITY COLLEGE FOUNDATION LONG 5629384134 4901 EAST CARSON ST LONG BEACH CA 90808 KRISTIN BIALE-GONDA Treasurer 2017-03-09 true MARK GRAY CPA P00048565 5624980997 2015 2021-01-29 14:40:06Z 13663845 false false X www.foundation.lbcc.edu X 1978 CA THE FOUNDATION'S PURPOSE IS TO PROMOTE THE GENERAL WELFARE OF LONG BEACH CITY COLLEGE 72 72 15 200 0 4182484 3028752 884692 935648 1357400 -270774 78429 71301 6503005 3764927 4558316 3834844 0 241171 278860 0 78874 609362 932101 5408849 5045805 1094156 -1280878 17378533 16953196 1248820 2095986 16129713 14857210 X THE FOUNDATION'S SPECIFIC AND PRIMARY PURPOSES ARE TO PROMOTE THE GENERAL WELFARE OF LONG BEACH CITY COLLEGE BY ASSISTING AND SUPPORTING THE ATTAINMENT OF EDUCATIONAL, ATHLETIC AND CULTURAL GOALS; BY ASSISTING IT IN FULFILLING ITS ROLE OF SERVICE TO ITS COMMUNITY, BY SOLICITING, RAISING AND DISTRIBUTING FUNDS FOR ITS PROGRAMS, BUILDINGS, EQUIPMENT AND ANY OTHER OUTLAY INCLUDING BUT NOT LIMITED TO NEEDS FOR SCHOLARSHIPS, LOANS, AND GRANTS TO QUALIFIED STUDENTS. false false 1946501 1946501 EDUCATION IS THE MOST IMPORTANT FACTOR THAT DETERMINES WHAT OPPORTUNITIES A PERSON WILL HAVE IN LIFE. LONG BEACH CITY COLLEGE (LBCC) PROVIDES THE EDUCATION AND TRAINING. THE FOUNDATION PROVIDES THE FINANCIAL SUPPORT THAT ALLOWS PEOPLE TO TAKE ADVANTAGE OF THAT EDUCATION AND TRAINING. THE FOUNDATION PROVIDES A VEHICLE FOR FINANCIAL SUPPORT FROM THE COMMUNITY.IT IS ESTIMATED THAT ONE IN THREE LONG BEACH AREA RESIDENTS HAVE ATTENDED LBCC. MANY OF THESE STUDENTS HAVE REQUIRED FINANCIAL ASSISTANCE. THE FOUNDATION HAS RAISED OVER $25 MILLION TO PROVIDE FOR SCHOLARSHIPS, DEPARTMENTAL GRANTS, CAMPUS BEAUTIFICATION, AND FACILITIES UPGRADES. LITERALLY THOUSANDS OF STUDENTS HAVE RECEIVED FUNDS TO PAY ENROLLMENT FEES AND BUY BOOKS AND THE NEED TO PROVIDE FINANCIAL ASSISTANCE CONTINUES TODAY.THE FOUNDATION HAS THE LARGEST SCHOLARSHIP PROGRAM OF ANY SOUTHERN CALIFORNIA COMMUNITY COLLEGE. IT GIVES TO MORE STUDENTS THAN ANY OTHER TWO YEAR INSTITUTION AND OFFERS SCHOLARSHIPS TO FACULTY AND STAFF SO THEY MAY INCREASE THEIR KNOWLEDGE IN THEIR CHOSEN PROFESSION OR EMBARK ON A NEW CAREER. DURING THE YEAR, THE FOUNDATION PROVIDED 801 QUALIFIED STUDENTS SCHOLARSHIPS AND AWARDS. 1223546 1223546 THE FOUNDATION IS FORTUNATE TO HAVE RECEIVED FUNDING FROM THE GOLDMAN SACHS FOUNDATION TO CONTINUE THE 10,000 SMALL BUSINESS PROJECT THROUGH AN EDUCATIONAL PROGRAM. THE CURRICULUM INCLUDES MODULES WHICH PROMOTE A RELEVANT LEARNING EXPERIENCE. THE PROGRAM HAS GRADUATED 754 SMALL BUSINESS OWNERS. THE FOUNDATION IS IN ITS SEVENTH YEAR OF A VERY SUCCESSFUL PROGRAM WHICH HAS BECOME A MODEL FOR OTHER SUCH GRANTEES THROUGHOUT THE UNITED STATES. 783723 664797 241108 PROMOTE GENERAL WELFARE OF LONG BEACH CITY COLLEGE BY ASSISTING AND SUPPORTING THE ATTAINMENT OF ATHLETIC, EDUCATIONAL AND CULTURAL GOALS THROUGH GRANTS AND OTHER ASSISTANCE TO ASSOCIATE GROUPS, DEPARTMENTS, FACULTY, AND STAFF. 583251 694540 4537021 true true false true false false false false false true true false false true true false true false 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 true false false false false true 56 0 true 15 true false false false false false false true true false 0 false false false false false false false false false false X 72 72 true false false false false false false true true false false true true true true true true true true false CA X X LONG BEACH CITY COLLEGE FND 5629384134 4901 EAST CARSON ST LONG BEACH CA 90808 BARRY MCDANIEL President 2.00 0.00 X X 0 0 0 G LORAIN BRAULT Vice President 2.00 0.00 X X 0 0 0 MARY CRANE Vice President 2.00 0.00 X X 0 0 0 JUDY ROSS Secretary 2.00 0.00 X X 0 0 0 KRISTIN BIALE-GONDA Treasurer 2.00 0.00 X X 0 0 0 GUY HESTON President Elect 2.00 0.00 X X 0 0 0 DR SERAFIN ZASUETA Vice President 2.00 0.00 X X 0 0 0 GARY COOPER Past President 2.00 0.00 X 0 0 0 IRMA ARCHULETA COLLEGE LIAISON 0.30 0.00 X 0 0 0 DR GREGORY PETERSON COLLEGE LIAISON 0.30 0.00 X 0 0 0 HOWARD DAVIS MEMBER 2.00 0.00 X 0 0 0 JACLYN TILLEY HILL MEMBER 2.00 0.00 X 0 0 0 ELOY OAKLEY HON., EXEC COMM 0.30 0.00 X 0 0 0 THOMAS W KING MEMBER 2.00 0.00 X 0 0 0 GAIL B SCHWANDNER MEMBER 2.00 0.00 X 0 0 0 MARK TAYLOR MEMBER 2.00 0.00 X 0 0 0 LANCE ADAMS MEMBER 1.00 0.00 X 0 0 0 ARTURO AGUAYO EMERITUS 1.00 0.00 X 0 0 0 FIDEL AGUAYO MEMBER 1.00 0.00 X 0 0 0 EDWARD ARNOLD MEMBER 1.00 0.00 X 0 0 0 WILLIAM BARNES EMERITUS 0.30 0.00 X 0 0 0 MARTHA MOLINA BERNADETT MEMBER 1.00 0.00 X 0 0 0 DR G SCOTT BIRNIE MEMBER 1.00 0.00 X 0 0 0 BOB BLAIR MEMBER 1.00 0.00 X 0 0 0 LOU ANNE BYNUM HONORARY 0.30 0.00 X 0 0 0 JAMES R CALLAHAN EMERITUS 0.30 0.00 X 0 0 0 KENDRA S CANAPE MEMBER 1.00 0.00 X 0 0 0 BLANCHE CANNADY EMERITA 0.30 0.00 X 0 0 0 JUDGE RICHARD CHARVAT EMERITUS 0.00 0.00 X 0 0 0 HELEN CLARK PATRON 0.30 0.00 X 0 0 0 DR TOM CLARK EMERITUS 0.30 0.00 X 0 0 0 STERLING CLAYTON EMERITUS 0.30 0.00 X 0 0 0 MARIA COCHRAN MEMBER 1.00 0.00 X 0 0 0 KAREN CODMAN MEMBER 1.00 0.00 X 0 0 0 DR JANE CLOSE CONOLEY HONORARY 0.30 0.00 X 0 0 0 MARK CURTIS EMERITUS 0.30 0.00 X 0 0 0 ROSE DOSTA DELGAUDIO HONORARY 0.30 0.00 X 0 0 0 GARY DELONG MEMBER 1.00 0.00 X 0 0 0 DIANE DEWALSCHE MEMBER 1.00 0.00 X 0 0 0 MICHELE DOBSON MEMBER 1.00 0.00 X 0 0 0 STEPHEN J DODGE MEMBER 1.00 0.00 X 0 0 0 DR MINNIE DOUGLAS EMERITA 0.30 0.00 X 0 0 0 CHIEF MICHAEL DUREE HONORARY 0.30 0.00 X 0 0 0 RICK DUREE MEMBER 1.00 0.00 X 0 0 0 PATRICIA A ELLINGTON MEMBER 1.00 0.00 X 0 0 0 ROBERT ELLIS EMERITUS 0.30 0.00 X 0 0 0 ANNE EMIGH MEMBER 1.00 0.00 X 0 0 0 MARCELLE EPLEY MEMBER 1.00 0.00 X 0 0 0 DR STUART L FARBER MEMBER 1.00 0.00 X 0 0 0 DR JOHN FYLPAA MEMBER 1.00 0.00 X 0 0 0 ANN-MARIE GABEL HONORARY 0.30 0.00 X 0 0 0 MAYOR ROBERT GARCIA HONORARY 0.30 0.00 X 0 0 0 DR MARK A GARLINGTON MEMBER 1.00 0.00 X 0 0 0 JOEN GARNICA MEMBER 1.00 0.00 X 0 0 0 NED GAYLORD MEMBER 1.00 0.00 X 0 0 0 MICHAEL GIOVE MEMBER 1.00 0.00 X 0 0 0 DR JESSE GONZALES MEMBER 1.00 0.00 X 0 0 0 DANIEL P GOOCH MEMBER 1.00 0.00 X 0 0 0 IVY ARLINDA GOOLSBY MEMBER 1.00 0.00 X 0 0 0 RANDY GORDON MEMBER 1.00 0.00 X 0 0 0 JERRY GREEN MEMBER 1.00 0.00 X 0 0 0 DR NOEL HACEGABA MEMBER 1.00 0.00 X 0 0 0 DONNA HANCOCK MEMBER 1.00 0.00 X 0 0 0 JOHN HANCOCK EMERITUS 0.30 0.00 X 0 0 0 GARRY HERRON MEMBER 1.00 0.00 X 0 0 0 JACK HINSCHE MEMBER 1.00 0.00 X 0 0 0 JAN B HOWER MEMBER 1.00 0.00 X 0 0 0 HARRIETT IBBETSON PATRON 0.30 0.00 X 0 0 0 DR E JAN KEHOE EMERITA 0.30 0.00 X 0 0 0 JACKIE KELL MEMBER 1.00 0.00 X 0 0 0 MATTHEW KINLEY MEMBER 1.00 0.00 X 0 0 0 JAYNE LASTUSKY MEMBER 1.00 0.00 X 0 0 0 RICHARD LEDERER MEMBER 1.00 0.00 X 0 0 0 JUDGE GIBSON LEE EMERITUS 0.30 0.00 X 0 0 0 PATRICIA LOFLAND EMERITA 0.30 0.00 X 0 0 0 DR TERRI LONG HONORARY 0.30 0.00 X 0 0 0 CHIEF ROBERT LUNA HONORARY 0.30 0.00 X 0 0 0 BOB LUSKIN EMERITUS 0.30 0.00 X 0 0 0 BRUCE MACRAE MEMBER 1.00 0.00 X 0 0 0 DR DEBBIE MALUMED HONORARY 0.30 0.00 X 0 0 0 WILLIAM MARMION EMERITUS 0.30 0.00 X 0 0 0 HEATHER MORRIS MORO MEMBER 1.00 0.00 X 0 0 0 GEORGE MEDAK EMERITUS 0.30 0.00 X 0 0 0 VALERIE MILES MEMBER 1.00 0.00 X 0 0 0 AARON MOORE MEMBER 1.00 0.00 X 0 0 0 LYNN E MOYER MEMBER 1.00 0.00 X 0 0 0 GEORGE MURCHISON EMERITUS 0.30 0.00 X 0 0 0 MIKE MURRAY EMERITUS 0.30 0.00 X 0 0 0 MICHELE PEABODY MYERS MEMBER 1.00 0.00 X 0 0 0 JEFFREY A NAPPER MEMBER 1.00 0.00 X 0 0 0 ANNE NEWMAN EMERITA 0.30 0.00 X 0 0 0 SUZANNE NOSWORTHY MEMBER 1.00 0.00 X 0 0 0 DR BEVERLY O'NEILL EMERITA 0.30 0.00 X 0 0 0 TED OROZCO MEMBER 1.00 0.00 X 0 0 0 DR FREDA HINSCHE OTTO MEMBER 1.00 0.00 X 0 0 0 CURT PEDERSEN MEMBER 1.00 0.00 X 0 0 0 JEFFREY RIPS MEMBER 1.00 0.00 X 0 0 0 WENDY PUZARNE MEMBER 1.00 0.00 X 0 0 0 NAOMI RAINEY-PIERSON MEMBER 1.00 0.00 X 0 0 0 BRIAN RUSSELL MEMBER 1.00 0.00 X 0 0 0 DR REBECCA J TURRENTINE MEMBER 1.00 0.00 X 0 0 0 DR JAMES C SERIES EMERITUS 0.30 0.00 X 0 0 0 MARTIN SIMON EMERITUS 0.30 0.00 X 0 0 0 JEAN B SMITH EMERITA 0.30 0.00 X 0 0 0 CHRIS STEINHAUSER HONORARY 0.30 0.00 X 0 0 0 GLORIA ST MARTIN-LOWRY MEMBER 1.00 0.00 X 0 0 0 BARBARA SULLIVAN-GEORGE MEMBER 1.00 0.00 X 0 0 0 JAMES J SULLOS JR MEMBER 1.00 0.00 X 0 0 0 DR ANDY TANG MEMBER 1.00 0.00 X 0 0 0 DR SABIRA TEJANI MEMBER 1.00 0.00 X 0 0 0 DAVID THORNBURG MEMBER 1.00 0.00 X 0 0 0 BETTY EASTMAN TODD PATRON 0.30 0.00 X 0 0 0 CONNIE TURNER MEMBER 1.00 0.00 X 0 0 0 DONITA VAN HORIK MEMBER 1.00 0.00 X 0 0 0 KEN VELTEN EMERITUS 0.30 0.00 X 0 0 0 CLOY J WALTER MEMBER 1.00 0.00 X 0 0 0 TRACIE J WEATHERS MEMBER 1.00 0.00 X 0 0 0 W GARY WESTLING MEMBER 1.00 0.00 X 0 0 0 DR TIMOTHY WHITE HONORARY 0.30 0.00 X 0 0 0 JEFFREY A WILLIAMS MEMBER 1.00 0.00 X 0 0 0 RUTH W WILLIAMS MEMBER 1.00 0.00 X 0 0 0 PATRICE WONG MEMBER 1.00 0.00 X 0 0 0 DR GEORGE WONG JR EMERITUS 0.30 0.00 X 0 0 0 LOYD V WILCOX MEMBER 1.00 0.00 X 0 0 0 PAUL BROWN MEMBER 1.00 0.00 X 0 0 0 DRVIRGINIA BAXTER-TO 616 Executive Dir. 40.00 0.00 X 66963 0 0 ELIZABETH MCCANN-FROM 616 Executive Dir. 40.00 0.00 X 0 0 0 66963 0 false false false 0 34142 2994610 3473 3028752 EDUCATIONAL PROGRAMS 935648 935648 935648 387162 387162 0 0 0 9240982 9898918 -657936 -657936 -657936 0 0 0 OTHER REVENUE 71301 71301 71301 3764927 1006949 -270774 1888343 1888343 1946501 1946501 0 0 93988 46994 46994 0 130316 130316 0 25167 25167 29389 25886 3503 0 0 53104 53104 0 0 63747 63747 0 9897 9897 1084 1084 0 0 0 0 0 0 0 0 0 7721 7721 PROGRAM EXPENSES 702177 702177 BOND CAMPAIGN 50000 50000 FUNDRAISING 18480 18480 BANK CHARGES 7509 7509 18382 18382 5045805 4537021 429910 78874 129244 987937 464080 890544 1034689 363861 0 0 0 0 0 0 46455 46455 0 13534012 12500897 0 0 0 2216508 2209957 17378533 16953196 25531 655493 1025358 1188761 197931 251732 1248820 2095986 X 2425803 1823547 5609681 3976801 8094229 9056862 16129713 14857210 17378533 16953196 X -1280878 35473 -27098 X false true X true false X 2963691 2709886 4439306 4182484 3028752 17324119 0 0 2963691 2709886 4439306 4182484 3028752 17324119 7667610 9656509 265450 400432 323194 1357400 387162 2733638 0 30752 83237 72621 78429 71301 336340 20394097 0.47350 0.40130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 50000 50000 4331008 4381008 369050 92263 false 369050 369050 553575 50000 50000 92263 92263 138395 50000 50000 8847261 962239 -112673 811871 30844 8854112 9126342 51829 -43989 256217 30704 8847261 8025612 357434 910373 138096 28981 9126342 6996633 714312 487465 116147 56651 8025612 7181122 120111 -129669 121626 53305 6996633 0.99340 0.00660 true false false 22395 22395 24060 24060 AGENCY SCHOLARSHIP FUNDS 251732 BENEFICIAL INT IN SPLIT INT AGREEMENTS 129002 BENEFICIAL INTEREST IN FCCC FUND 811876 BENEFICIAL INTEREST IN PERPETUAL TRUST 925476 BEQUEST & OTHER RECEIVABLE 72900 OTHER ASSETS 18971 2209957 AGENCY FUNDS HELD FOR SCHOLARSHIPS 251732 251732 3108505 35473 -691895 -656422 3764927 3764927 4381008 -664797 -664797 5045805 5045805 Part V, Line 4: Intended uses of the endowment fund. PURPOSE TO BUILD EARNINGS FOR FUNDING OF FUTURE SCHOLARSHIP AND GRANT DISBURSEMENTS. true LB COMMNTY COLLEGE DST 4901 E CARSON ST LONG BEACH CA 90808 952654140 PUBLIC COLLEGE 1223546 0 INSTITUTIONAL SUPPORT LBCC ASSOCIATE GROUPS 4901 E CARSON ST LONG BEACH CA 90808 661324 3473 PROGRAM SUPPORT 1 1 SCHOLARSHIPS 801 1946501 Grantmaker's Description of How Grants are Used WHEN THE GRANT AWARDEE REQUESTS PAYMENT REGARDING THE EVENT OR PROJECT, THE REQUEST FORM AND ALL PROPER SIGNATURES, AUTHORIZATIONS AND RECEIPTS PROVIDED WILL BE REVIEWED BY THE FOUNDATION FOR APPROVAL. IT IS UNDERSTOOD THAT NO ALTERATION OR VARIATION OF THE TERMS OF THE AGREEMENT WILL BE ACCEPTED.IN ORDER FOR STUDENTS TO RECEIVE THEIR SCHOLARSHIP, THEY MUST COME TO THE SCHOLARSHIP OFFICE WITH THEIR SCHEDULE OF CLASSES SO THE FOUNDATION CAN VERIFY THEY ARE ENROLLED IN THE CORRECT NUMBER OF UNITS, HAVE THE APPROPRIATE GPA AND IF NEEDED, ARE TAKING THE SPECIFIC COURSES REQUIRED FOR THEIR SCHOLARSHIP. Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: SUPPORT THE COLLEGE TO CAREER (C2C) PROGRAM AT LONG BEACH CITY COLLEGE. C2C IS AN INNOVATIVE POST-SECONDARY PROGRAM FOR ADULTS WITH DEVELOPMENTAL DISABILITIES SERVED BY HARBOR REGIONAL CENTER. THE C2C PROGRAM OFFERS AN EXCITING OPPORTUNITY TO EXPERIENCE COMMUNITY COLLEGE, STUDENT HOUSING, AND COLLEGE LIFE. Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et JOHN HANCOCK IS THE FATHER OF DONNA HANCOCK.ARTURO AGUAYO AND FIDEL AGUAYO ARE BROTHERS.RICK DUREE IS THE FATHER OF MICHAEL DUREE. Form 990, Part VI, Line 11b: Form 990 Review Process THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DELEGATED TO THE FINANCE COMMITTEE THE REVIEW AND ENDORSEMENT OF THE FORM 990. THE LONG BEACH CITY COLLEGE FOUNDATION 990 SHALL BE DISTRIBUTED TO THE FINANCE COMMITTEE FOR ENDORSEMENT. IF IN THE INTEREST OF TIME, A MORE EXPEDIENT TIMELINE IS NEEDED, THE LONG BEACH CITY COLLEGE FOUNDATION EXECUTIVE COMMITTEE WILL APPROVE AND SIGN THE RETURN. AN ELECTRONIC COPY SHALL BE PROVIDED TO ALL BOARD MEMBERS, PRINTED COPIES AVAILABLE UPON REQUEST. BOARD MEMBERS SHALL BE ASKED TO REVIEW AND SEND BACK ANY COMMENTS. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts EACH MEMBER COMPLETES A CONFLICT OF INTEREST FORM AND THE EXECUTIVE DIRECTOR AND THE PRESIDENT OF THE BOARD OF GOVERNORS REVIEW EACH STATEMENT. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees THE PERSONNEL COMMITTEE IS RESPONSIBLE FOR ESTABLISHING TERMS OF EMPLOYMENT AND ON A PERIODIC BASIS, REVIEW THE EXECUTIVE DIRECTOR'S COMPENSATION. THE COMPENSATION IS RECOMMENDED BY THE PERSONNEL COMMITTEE AND FINANCE COMMITTEE AND APPROVED BY THE EXECUTIVE COMMITTEE.OTHER EMPLOYEES COMPENSATION IS DETERMINED IN THE SAME MANNER AS THE EXECUTIVE DIRECTOR. FOUNDATION EMPLOYEES' SALARIES AND BENEFITS ARE REVIEWED BY THE FOUNDATION'S PERSONNEL COMMITTEE. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available UPON REQUEST. Other Changes In Net Assets Or Fund Balances - Other Decreases CHANGE IN VALUE IN CA COMM COLLEGES FUND = -$19323 Other Changes In Net Assets Or Fund Balances - Other Increases CHANGE IN VALUE OF PERPETUAL TRUST = $33 Other Changes In Net Assets Or Fund Balances - Other Decreases CHANGE IN VALUE OF SPLIT INTEREST AGRMNT = -$7808 LONG BEACH COMMUNITY COLLEGE DISTRICT 4901 E CARSON ST LONG BEACH CA 90808 952654140 SECONDARY EDUCATION CA N/A false false true false false false false false false false false false false false false false false true false false LONG BEACH COMMUNITY COLLEGE DISTRICT b 1223546 FMV LONG BEACH COMMUNITY COLLEGE DISTRICT q 25000 FMV