2013-02-13T10:32:23-06:00 2012-06-30 911056739 VINE DAHLEN PLLC 3500 188TH STREET SW SUITE 322 LYNNWOOD WA 98037 990 2011-07-01 911186554 EDMONDS COMMUNITY COLLEGE FOUNDATION EDMO 4256401149 20000 68TH AVENUE WEST LYNNWOOD WA 98036 CAROL SUMMERS 4256401149 2013-01-29 1 KIMBERLY D FYFE P01422564 4257716055 2011 2016-02-25 16:41:14Z CAROL SUMMERS 20000 68TH AVENUE WEST LYNNWOOD WA 98036 2755437 0 X WWW.FOUNDATION.EDCC.EDU X 1982 WA TO SUPPORT ACCESS, SUCCESS, AND EXCELLENCE FOR STUDENTS, FACULTY, AND STAFF AT EDMONDS COMMUNITY COLLEGE. 19 19 0 30 0 0 664654 261479 0 0 446369 155081 -29458 29559 1081565 446119 255277 217768 0 0 0 0 0 0 49063 217363 188608 472640 406376 608925 39743 5597926 5385794 182420 185394 5415506 5200400 X THE EDMONDS COMMUNITY COLLEGE FOUNDATION WAS ESTABLISHED TO SUPPORT THE GOALS AND ACTIVITIES OF EDMONDS COMMUNITY COLLEGE. THIS IS ACCOMPLISHED BY PROVIDING FINANCIAL SUPPORT TO COLLEGE PROGRAMS, INSTRUCTIONAL DEPARTMENTS AND ACTIVITIES, AS WELL AS PROVIDING FINANCIAL SUPPORT TO UNDER SERVED AND DESERVING STUDENTS TO FURTHER THEIR EDUCATIONAL GOALS. 0 0 145241 133046 SCHOLARSHIPS - SUPPORTED 153 NEEDY AND DESERVING STUDENTS TO ENABLE THEM TO ACHIEVE THEIR EDUCATIONAL GOALS. 113931 84722 COLLEGE PROGRAM SUPPORT - SUPPORT OF VARIOUS INSTRUCTIONAL PROGRAMS AT EDMONDS COMMUNITY COLLEGE FOR INSTRUCTION, SCHOLARSHIPS AND ACTIVITIES. 259172 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 4256401149 20000 68TH AVENUE WEST LYNNWOOD WA 98036 JEAN SITTAUER 0.80 X X 0 0 0 KEN CHANDLER 0.80 X X 0 0 0 DOUG FAIR 0.80 X X 0 0 0 DIANA CLAY 1.50 X X 0 0 0 RUTH ARISTA 0.80 X 0 0 0 MARK BAILEY 0.80 X 0 0 0 NILS BAJCZUK 0.80 X 0 0 0 NICK ECHELBARGER 0.80 X 0 0 0 LOGAN HARRIS 0.80 X 0 0 0 KIM KARRICK 0.80 X 0 0 0 LIBBY LEWIS 0.80 X 0 0 0 MIKE MEIERS 0.80 X 0 0 0 KAREN MILLER 0.80 X 0 0 0 DEAN NICHOLS 0.80 X 0 0 0 STEVE PENNINGTON 0.80 X 0 0 0 WENDY POPKE 0.80 X 0 0 0 MEG RANKIN 0.80 X 0 0 0 KEN REID 0.80 X 0 0 0 PAULL SHIN 0.80 X 0 0 0 CHRIS MARX 24.00 X 0 70010 15505 LINDA KROUSE 40.00 X 0 49768 13314 0 119778 28819 0 0 0 0 0 21207 116563 123709 60830 261479 149077 149077 2217222 2211218 6004 6004 6004 127659 116563 98100 29559 29559 446119 0 0 184640 84722 84722 133046 133046 15500 15500 22631 22631 338 338 10592 1250 3475 5867 6671 1382 5289 345 345 2961 2961 3678 3678 5520 2397 2159 964 3644 3644 COLLEGE REIMBURSMENT 85778 17626 39412 28740 HOSPITALITY/CATERING 23503 17117 198 6188 MISCELLANEOUS 3752 1973 702 1077 INDEPENDENT CONTRACTORS 2140 90 1750 300 1555 606 649 300 406376 259172 98141 49063 156431 266180 324121 178874 25107 6360 39370 3441 1531 28715 21488 10876 7227 4434269 4261947 643681 624305 5597926 5385794 177420 181894 5000 3500 182420 185394 X 1133758 1089262 939593 774306 3342155 3336832 5415506 5200400 5597926 5385794 X 39743 -254849 X 0 1 1 X 0 X 428047 337588 372160 664654 261479 2063928 248149 264653 257145 266828 278977 1315752 676196 602241 629305 931482 540456 3379680 144752 3234928 152124 112168 126491 178037 149077 717897 3471 216 3687 4101264 657165 0.78880 0.79490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4089085 8193 -113058 92539 3891681 3149332 367466 642517 70230 4089085 2449155 527509 176761 4093 3149332 2780261 14478 -339428 6156 2449155 0.15100 0.84900 0.00000 0 0 7247 6521 726 3549 3372 177 17919 11595 6324 7227 SPLIT INTEREST AGREEMENTS 618489 CASH VALUE OF LIFE INSURANCE POLICY 5816 624305 446119 406376 39743 -235473 -19376 -254849 -215106 560816 -235473 294077 -42007 16597 544219 -98100 -98100 446119 775922 294077 98100 392177 383745 22631 22631 406376 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PROVIDE SCHOLARSHIPS AND PROGRAM SUPPORT AT EDMONDS COMMUNITY COLLEGE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION'S TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE FOUNDATION'S OPEN AUDIT PERIODS ARE 2008 FORWARD. IN EVALUATING THE FOUNDATION'S TAX PROVISIONS AND ACCRUALS, FUTURE TAXABLE INCOME, AND THE REVERSAL OF TEMPORARY DIFFERENCES, INTERPRETATIONS, AND TAX PLANNING STRATEGIES ARE CONSIDERED. THE FOUNDATION BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. THE FOUNDATION WOULD RECOGNIZE ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF ADMINISTRATION EXPENSES. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -19,376. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -19,376. INVESTMENT MANAGEMENT FEES -22,631. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -98,100. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 98,100. AUCTION 201532 109678 91854 12184 15219 39634 GOLF TOURNAMENT 42690 6885 35805 10050 5058 15955 244222 116563 127659 22234 20277 55589 98100 29559 1 EDMONDS COMMUNITY COLLEGE 20000 68TH AVE W LYNNWOOD WA 98036 910825212 84722 SUPPORT FOR COLLEGE FACULTY, STAFF AND PROGRAMS SCHOLARSHIPS FOR STUDENTS ATTENDING EDMONDS COMMUNITY COLLEGE 153 133046 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANTS - PROVIDES SUPPORT TO INSTRUCTIONAL AREAS ON CAMPUS AND PROVIDES FINANCIAL SUPPORT TO THE COLLEGE, ITS ANCILLARY PROGRAMS AND PROJECTS ENDORSED BY THE COLLEGE. THESE INCLUDE AWARDS TO OUTSTANDING FACULTY AND STAFF. COLLEGE PROGRAM SUPPORT ALSO INCLUDES GRANTS PROVIDED TO COLLEGE PROGRAMS, INSTRUCTIONAL DEPARTMENTS, AND ACTIVITIES. THE FOUNDATION BOARD AND ITS GRANTS COMMITTEE ANNUALLY REVIEW THE APPLICATIONS FOR FUNDING. SCHOLARSHIPS - PROVIDE FINANCIAL SUPPORT TO UNDERSERVED AND DESERVING STUDENTS TO ENABLE THEM TO FURTHER THEIR EDUCATIONAL GOALS. THE FOUNDATION'S COMMITTEE ANNUALLY REVIEWS AND APPROVES THE APPLICATIONS FOR SCHOLARSHIPS. X AUCTION ITEMS 105 60178 COST/SELLING X FOOD 2 652 COST/SELLING 0 1 0 FORM 990, PART VI, SECTION A, LINE 4 BYLAWS WERE MODIFIED TO INDICATE THE NUMBER OF MINIMUM BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE FOUNDATIONS AUDIT AND POLICY COMMITTEE REVIEWS AND APPROVES THE FORM 990 PRIOR TO POSTING ON THE FOUNDATIONS WEBSITE IN A SECTION RESERVED FOR THE BOARD OF DIRECTORS. THE BOARD IS NOTIFIED THAT THE FORM 990 HAS BEEN POSTED TO THE WEBSITE AND THEY HAVE 10 CALENDAR DAYS TO SUBMIT QUESTIONS. THE BOARD APPROVES THE 990 AT THEIR NEXT SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EDMONDS COMMUNITY COLLEGE FOUNDATION PROVIDES THE BOARD OF DIRECTORS AND STAFF WITH A CONFLICT OF INTEREST POLICY AND DISCLOSURE ALONG WITH A LIST OF ALL PERSONS AND ENTITIES WITH WHICH THEY HAVE DONE BUSINESS OVER THE PAST 12 MONTHS. THE BOARD OR STAFF MEMBER IS ASKED TO DISCLOSE IF THEY HAVE A RELATIONSHIP WITH ANY PERSONS OR ENTITIES ON THE LIST THAT MAY BE PERCEIVED AS A CONFLICT OF INTEREST. ONCE ALL THE DISCLOSURES HAVE BEEN RETURNED, THE AUDIT & POLICY COMMITTEE CHAIR REVIEWS THE STATEMENTS, AND IN CONSULTATION WITH THE EXECUTIVE DIRECTOR, DETERMINES IF CONFLICTS EXIST AND HOW THEY WILL BE ADDRESSED. EACH INDIVIDUAL WHO HAS DISCLOSED A PERCEIVED CONFLICT RECEIVES A MEMO TELLING THEM IF THEIR DISCLOSURE IS OR IS NOT A CONFLICT AND HOW THE FOUNDATION WILL ADDRESS IT. FORM 990, PART VI, SECTION B, LINE 15 ALL FOUNDATION STAFF ARE EMPLOYED THROUGH THE RELATED ORGANIZATION, EDMONDS COMMUNITY COLLEGE, WHICH IS AN INSTITUTION OF HIGHER LEARNING IN THE STATE OF WASHINGTON. RULES AND REGULATIONS FOR COMPENSATION OF COLLEGE EMPLOYEES ARE DEPENDENT ON THEIR CLASSIFICATION. THE EXECUTIVE DIRECTOR IS AN EXEMPT EMPLOYEE. THE COLLEGE IS DIRECTLY RESPONSIBLE FOR ESTABLISHING SALARY SCHEDULES FOR EXEMPT EMPLOYEES. PLACEMENT OF SPECIFIC POSITIONS WITHIN THOSE SCHEDULES IS GOVERNED BY POLICY GUIDELINES ESTABLISHED BY THE BOARD OF TRUSTEES WHICH RELATE TO THE JOB RESPONSIBILITIES, EDUCATION AND REQUIRED EXPERIENCE FOR THE POSITION. THE FOUNDATION'S ACCOUNTANT IS A CLASSIFIED EMPLOYEE. JOB CLASSIFICATIONS AND SALARY RANGE PLACEMENT IS DETERMINED BY THE STATE OF WASHINGTON. THE COLLEGE THEN DETERMINES THE PLACEMENT WITHIN THE RANGE OF THE INDIVIDUAL HIRED FOR THE POSITION BASED UPON EXPERIENCE AND EDUCATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND POLICIES ARE MADE AVAILABLE TO THE PUBLIC BY REQUEST ONLY. FINANCIAL STATEMENTS ARE SUMMARIZED AND PROVIDED ON THE FOUNDATION WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -235,473. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -19,376. TOTAL TO FORM 990, PART XI, LINE 5: -254,849. EDMONDS COMMUNITY COLLEGE 20000 68TH AVE W LYNNWOOD WA 98036 910825212 COLLEGE WA 501(C)(3) 5 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 EDMONDS COMMUNITY COLLEGE B 84772 COST EDMONDS COMMUNITY COLLEGE M 2723 COST EDMONDS COMMUNITY COLLEGE N 276254 COST EDMONDS COMMUNITY COLLEGE O 85778 COST