2013-05-07T14:16:53-05:00 2012-06-30 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2011-07-01 201625785 OWENS COMMUNITY COLLEGE FOUNDATION OWEN 5676617641 PO BOX 10000 TOLEDO OH 436991947 ELIZABETH A SAVAGE 5676617641 2013-04-29 1 CAROL LALONDE CPA P00181637 2695674500 2011 2016-03-07 17:11:31Z ELIZABETH A SAVAGE PO BOX 10000 TOLEDO OH 436991947 2266280 0 X WWW.OWENS.EDU X 2004 OH THE MISSION OF THE OWENS COMMUNITY COLLEGE FOUNDATION IS TO DEVELOP AND PROVIDE RESOURCES TO ADVANCE THE COLLEGE'S MISSION OF SERVING OUR STUDENTS AND OUR COMMUNITY. THE OWENS COMMUNITY COLLEGE FOUNDATION RAISES FUNDS FOR STUDENT SCHOLARSHIPS AND TUITION ASSISTANCE AS WELL AS OWENS COMMUNITY COLLEGE ACADEMIC AND STUDENT SERVICE PROGRAMS. 30 30 0 30 0 0 424917 625857 0 0 65789 142738 0 0 490706 768595 402482 538022 0 0 0 0 0 0 20556 66905 45762 469387 583784 21319 184811 2688503 2793882 100910 154099 2587593 2639783 X THE MISSION OF THE OWENS COMMUNITY COLLEGE FOUNDATION IS TO DEVELOP AND PROVIDE RESOURCES TO ADVANCE THE COLLEGE'S MISSION OF SERVING OUR STUDENTS AND OUR COMMUNITY. WE INVEST IN YOUR SUCCESS. 0 0 186038 186038 THE FOUNDATION AWARDED OVER 240 SCHOLARSHIPS TO STUDENTS TO COVER TUITION, FEES, AND OTHER EDUCATIONAL EXPENSES TO ATTEND OWENS COMMUNITY COLLEGE. 112500 112500 THE FOUNDATION PROVIDED A PROJECTDEGREE GRANT FROM THE GATEWAY TO COLLEGE NATIONAL NETWORK THAT PROVIDES AT RISK STUDENTS WITH A COHORTED LEARNING COMMUNITY, INTRUSIVE ADVISING AND FINANCIAL INCENTIVES TO PROMOTE RETENTION AND SUCCESS TOWARD A DEGREE. 75000 75000 THE FOUNDATION PROVIDED A GATEWAY TO COLLEGE GRANT FROM THE GATEWAY TO COLLEGE NATIONAL NETWORK THAT PROVIDES STUDENTS WHO DID NOT OR MAY NOT COMPLETE HIGH SCHOOL WITH A RECOVERY PROGRAM THAT ALLOWS THEM TO COMPLETE THEIR HIGH SCHOOL DIPLOMA REQUIREMENTS WHILE SIMULTANEOUSLY EARNING COLLEGE CREDIT TOWARD AN ASSOCIATE DEGREE OR CERTIFICATE. 71250 71250 THE FOUNDATION PROVIDED A GRANT FROM MASTER CHEMICAL CORP THAT PROVIDED A COOLANT RESEARCH TECHNICIAN TO THE OWENS COMMUNITY COLLEGE SCHOOL OF TECHNOLOGY FOR RESEARCH AND TEACHING. 93234 93234 THE FOUNDATION PROVIDED A CONNECT TO COMPLETE GRANT ALONG WITH SEVERAL CAPITAL AND EQUIPMENT DISTRIBUTIONS AND NUMEROUS OTHER PROGRAM DISTRIBUTIONS. 164484 164484 538022 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OH X PATRICIA SMITH 5676617641 PO BOX 10000 TOLEDO OH 436991947 X THOMAS F POUNDS 2.00 X X 0 0 0 DANIEL E KIMMET 2.00 X X 0 0 0 DAVID W SEEGER 2.00 X X 0 0 0 JAMES H GEERS 2.00 X X 0 0 0 JAMES W BAEHREN 0.50 X 0 0 0 CHARLES L BILLS 0.50 X 0 0 0 JAMES F CARTER 0.50 X 0 0 0 TIMOTHY V COLEMAN 0.50 X 0 0 0 MICHAEL E DUFFEY 0.50 X 0 0 0 LOUISE JACKSON 0.50 X 0 0 0 KATHERINE KREUCHAUF 0.50 X 0 0 0 THOMAS L HOSLER 0.50 X 0 0 0 JEANNIE Y HYLANT 0.50 X 0 0 0 ALLAN J LIBBE 0.50 X 0 0 0 RONALD W MATTER 0.50 X 0 0 0 LARRY G MCDOUGLE 0.50 X 0 0 0 MATTHEW J MISHLER 0.50 X 0 0 0 PHILIP J RUDOLPH JR 0.50 X 0 0 0 ALAN M SATTLER 0.50 X 0 0 0 JACK T SCULFORT 0.50 X 0 0 0 ANDREA M GURCSIK 0.50 X 0 0 0 RASESH H SHAH 0.50 X 0 0 0 DIANA HTALMAGE 0.50 X 0 0 0 DAVID L WHIKEHART 0.50 X 0 0 0 JOHN R ZAJAC 0.50 X 0 0 0 LINDA EWING 0.50 X 0 0 0 ARTHUR SMITH 0.50 X 0 0 0 JOHN S SATKOWSKI 0.50 X 0 0 0 ANTHONY N JUSTICE 0.50 X 0 0 0 SHARON GIGANDET 0.50 X 0 0 0 ANN SAVAGE 30.00 X 0 0 0 0 0 0 0 0 0 0 0 625857 4039 625857 56999 56999 1583424 1497685 85739 85739 85739 768595 0 0 142738 351984 351984 186038 186038 1349 1349 6956 6956 9047 9047 3050 3050 3374 2249 1125 335 335 220 220 1800 1800 RELATIONS 11248 11248 FOOD 6533 6533 DONOR EXPENSE 1850 200 1650 583784 538022 25206 20556 586505 717608 9615 94868 9664 3110 534794 1653375 1547925 324921 2688503 2793882 56747 97674 44163 56425 100910 154099 X 218530 190173 1084851 978480 1284212 1471130 2587593 2639783 2688503 2793882 X 184811 -132621 X 0 1 0 X 0 X 483639 476877 399728 424917 625857 2411018 483639 476877 399728 424917 625857 2411018 626876 1784142 79296 43708 37113 51434 56999 268550 19825 19825 2699393 0.66090 0.71320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1713590 189998 1171 39959 15840 5184 1843776 1416223 86133 283687 72453 1713590 1229502 90915 136327 40521 1416223 1469274 70545 -268676 41641 1229502 0.00860 0.79790 0.19350 0 0 0 VANGUARD INSTL INDEX 162235 F VANGUARD INTERMEDIATE TERM BOND INDEX-SIGNAL 162686 F 324921 FUNDS IN CUSTODY 56425 56425 768595 583784 184811 -132621 -132621 52190 626927 -132621 -132621 759548 9047 9047 768595 574737 0 574737 9047 9047 583784 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PROVIDE SCHOLARSHIPS FOR STUDENTS OF OWENS COMMUNITY COLLEGE, AND TO PROVIDE PROGRAM ASSISTANCE TO THE COLLEGE'S DEPARTMENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INTERNAL REVENUE SERVICE, IN A LETTER DATED SEPTEMBER 29, 1997 AND AGAIN ON SEPTEMBER 22, 2004, DETERMINED THAT THE FOUNDATION WAS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2012 AND 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2009. 1 OWENS COMMUNITY COLLEGE PO BOX 10000 TOLEDO OH 436991947 341059164 SECTION 115 345983 0 N/A N/A PROGRAM AND CAPITAL SUPPORT REGIONAL GROWTH PARTNERSHIP 300 MADISON AVE TOLEDO OH 436041568 341823833 501(C)(6) 5000 0 N/A N/A PROGRAM SUPPORT 2 0 SCHOLARSHIPS 248 185738 N/A N/A EMERGENCY LIVING ASSISTANCE 1 300 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE OWENS COMMUNITY COLLEGE FINANCIAL AID DEPARTMENT PRESENTS A LIST OF QUALIFIED AND RECOMMENDED INDIVIDUALS TO A SCHOLARSHIP COMMITTEE CONSISTING OF FOUNDATION BOARD MEMBERS. FROM THAT LIST THE COMMITTEE SELECTS THE AWARD RECIPIENTS BASED ON THE CRITERIA THAT IS SET FORTH FOR THE VARIOUS SCHOLARSHIP FUNDS. THESE CRITERIA INCLUDE SUCH THINGS AS FINANCIAL NEED, GRADE POINT AVERAGE AND AREA OF STUDY. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS COMPLETE AND SIGN AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE DISCLOSING POTENTIAL CONFLICTS. CONFLICTS OF INTEREST ARE MONITORED AND ENFORCED THROUGH THE OWENS COMMUNITY COLLEGE FOUNDATION COMMITTEE ON GOVERNANCE. THE FOUNDATION HAS A POLICY ON CONFLICTS OF INTEREST. EACH YEAR BOARD MEMBERS ARE REQUIRED TO COMPLETE A DIRECTOR QUESTIONNAIRE DISCLOSING ANY POTENTIAL CONFLICTS. SHOULD A CONFLICT ARISE, THE BOARD MEMBER HAVING THE CONFLICT OF INTEREST WILL BE REQUIRED TO REFRAIN FROM PARTICIPATING IN THE DISCUSSION, CONSIDERATION OF, AND VOTING ON ANY MATTER RELATING TO THE APPLICABLE CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -132,621.