2023-11-15T12:17:03-06:00 2023-06-30 930954337 TALBOT KORVOLA & WARWICK LLP 14945 SW SEQUOIA PKWY STE 150 PORTLAND OR 97224 990 2022-07-01 237061622 MT HOOD COMMUNITY COLLEGE DISTRICT FOUNDATION INC MTHO 5034917206 26000 SE STARK STREET GRESHAM OR 97030 DAN CORCORAN PRESIDENT 5034917206 2023-11-13 1 DAN CORCORAN 999009999 1 JASON R ORME P00295966 5032742849 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAN CORCORAN 26000 SE STARK STREET GRESHAM OR 97030 4367761 0 X WWW.MHCC.EDU/FOUNDATION X 1969 OR TO BE A UNIFYING FORCE PROVIDING RESOURCES VITAL TO QUALITY EDUCATION AND COMMUNITY LIFE. 17 17 0 26 0 0 932936 874792 0 0 1174900 167193 109402 68676 2217238 1110661 834814 926900 0 0 0 0 0 0 170683 556183 576903 1390997 1503803 826241 -393142 11314405 10939534 43468 61739 11270937 10877795 THE FOUNDATION'S MISSION IS TO BE A UNIFYING FORCE PROVIDING RESOURCES VITAL TO QUALITY EDUCATION AND COMMUNITY LIFE. 0 0 508720 508720 AWARDED ANNUALLY AND BY SCHOOL TERM, SCHOLARSHIPS ARE FUNDED BY DONATIONS FROM CORPORATIONS, FOUNDATIONS, INDIVIDUALS AND ORGANIZATIONS AS WELL AS PROCEEDS FROM THE ANNUAL MHCC FOUNDATION AUCTION. ONCE FUNDING IS AVAILABLE, SCHOLARSHIPS ARE ADVERTISED FOR STUDENT APPLICATION. A MHCC FINANCIAL AID REPRESENTATIVE AND THE MHCCD FOUNDATION SCHOLARSHIP AND GRANTS COMMITTEE MEMBERS REVIEW THE APPLICATIONS AND DETERMINE A RECIPIENT BASED UPON THE ESTABLISHED SCHOLARSHIP CRITERIA. APPROXIMATELY $508,720 WAS AWARDED TO APPROXIMATELY 171 STUDENTS IN THE 2022-2023 FISCAL YEAR. THESE SCHOLARSHIP AWARDS AID STUDENTS IN PAYING FOR TUITION, FEES, BOOKS, AND SUPPORT SERVICES. 159980 159980 PROGRAM FUNDS ARE SPECIFICALLY ESTABLISHED FOR USE IN A PARTICULAR DIVISION, DEPARTMENT OR PROGRAM. THESE FUNDS ARE USED FOR PROGRAM EQUIPMENT, STUDENT CONFERENCE FEES, PROFESSIONAL DEVELOPMENT FOR INSTRUCTORS, AND PROJECTS AND ASSISTANCE TO BENEFIT STUDENTS AND EMPLOYEES. DONORS MAY DESIGNATE THEIR GIFT TO ANY EXISTING PROGRAM FUND OR CAN INITIATE A FUND IF CIRCUMSTANCES WARRANT. FUNDING FOR PROGRAM SUPPORT TYPICALLY COMES FROM DONOR DESIGNATIONS AS WELL AS GRANTS FROM FOUNDATIONS OR ORGANIZATIONS. APPROXIMATELY $159,980 WAS FUNDED TO THE COLLEGE PROGRAM AREAS IN THE 2022-2023 FISCAL YEAR. 258200 258200 ANNUALLY THE COLLEGE DETERMINES PRIVATE FUNDING PRIORITIES AND PRESENTS A REQUEST TO THE MHCCD FOUNDATION FINANCE COMMITTEE FOR RECOMMENDATION TO THE FOUNDATION BOARD FOR APPROVAL. TYPICALLY, THE COLLEGE PRESIDENT MAKES THE REQUEST. IN 2022-2023, THE FOUNDATION SUPPORTED THE COLLEGE WITH PAYMENTS OR TRANSFERS FROM THE BOARD DESIGNATED GENERAL FUND FOR THE FOLLOWING:DESCRIPTION AMOUNTDENTAL LAB REMODEL FOR ACCREDITATION $160,000MECHATRONICS BALANCE FOR EQUIPMENT PURCHASES $ 93,700 STAFF AWARDS $ 4,500 TOTAL $258,200 926900 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 1 25 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 OR X X AL SIGALA 5034917548 26000 SE STARK ST GRESHAM OR 97030 X WARNER E ALLEN BOARD MEMBER 1.00 X 0 0 0 SUE O'HALLORAN BOARD MEMBER 1.00 X 0 0 0 KEN CORNELISON BOARD MEMBER 1.00 X 0 0 0 MARK GARBER BOARD MEMBER 1.00 X 0 0 0 MARTIN HERTRICH BOARD MEMBER 1.00 X 0 0 0 STAN HYMEL TREASURER 2.00 X X 0 0 0 NANCY JAKSICH BOARD MEMBER 1.00 X 0 0 0 ROBIN MCGREGOR BOARD MEMBER 1.00 X 0 0 0 JON SANDSTROM BOARD MEMBER 1.00 X 0 0 0 WENDY VONDRAK BOARD MEMBER 1.00 X 0 0 0 DAN CORCORAN PRESIDENT 2.00 X X 0 0 0 DEBRA DERR VICE PRESIDENT 2.00 X X 0 0 0 ANNE FURNISS BOARD MEMBER 1.00 X 0 0 0 DAN MALINARIC BOARD MEMBER 1.00 X 0 0 0 TANYA SHANKS-CONNORS BOARD MEMBER 1.00 X 0 0 0 PAULA WALKER SECRETARY 2.00 X X 0 0 0 MIKE WAND BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 57100 817692 26185 874792 216384 216384 15000 19333 -4333 -4333 -4333 3132278 3181469 -49191 -49191 -49191 111226 57100 56298 54928 54928 GIFT FEE REVENUE 900099 15097 15097 ADMIN FEE REVENUE 900099 2984 2984 18081 1110661 0 0 235869 X 418180 418180 508720 508720 12000 12000 27400 27400 235740 82509 153231 55449 48882 6567 4240 4240 42504 42504 20375 20375 DUES/FEES 86804 86804 ASSET MAINTENANCE 65209 65209 OTHER EXPENSES-FNDRSNG- 10885 10885 ANNUITY EXPENSES 9261 9261 7036 7036 1503803 926900 406220 170683 380273 233107 152255 421031 2214483 110358 2146629 2104125 8631533 8181271 3715 0 11314405 10939534 43468 61739 43468 61739 X 5097121 4541227 6173816 6336568 11270937 10877795 11314405 10939534 -393142 0 X X 0 1 X 1 0 X 1031741 686486 880204 932936 874792 4406159 1031741 686486 880204 932936 874792 4406159 1120610 3285549 202963 167543 190921 247208 231384 1040019 168052 108776 89681 121035 111226 598770 6044948 0.54350 0.44780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 4279216 193031 99471 126363 35023 4410332 3857076 80891 563611 172949 49413 4279216 3427503 177008 421342 124242 44535 3857076 3208285 123249 218623 91381 31273 3427503 3083568 73249 158867 107399 3208285 0.80000 0.20000 0 0 630000 630000 1568483 105977 1462506 16000 4381 11619 2104125 ANNUITY AGREEMENT LIABILITIES 41421 PAYABLE TO MT. HOOD COMMUNITY COLLEGE 20318 61739 X 1186292 75631 75631 1110661 0 1110661 1579434 75631 75631 1503803 0 1503803 PART X, LINE 2: THE FOUNDATION IS A NON-PROFIT CORPORATION AND GENERALLY EXEMPT FROM FEDERAL AND STATE TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). IT IS MANAGEMENT'S OPINION THAT NONE OF THE FOUNDATION'S PRESENT ACTIVITIES ARE SUBJECT TO UNRELATED BUSINESS INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE TAX YEARS THAT REMAIN OPEN FOR EXAMINATION BY THE APPROPRIATE TAXING AUTHORITIES FOR THE FOUNDATION AS OF JUNE 30, 2023 ARE 2022, 2021 AND 2020, GENERALLY THREE YEARS FROM THE DATE THE RETURN WAS FILED. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT COSTS REPORTED AS EXPENSES FOR THE FINANCIAL STATEMENTS HAVE BEEN NETTED WITH INCOME. 56,298. RENTAL COSTS REPORTED AS EXPENSES FOR THE FINANCIAL STATEMENTS HAVE BEEN NETTED WITH INCOME. 19,333. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT COSTS REPORTED AS EXPENSES FOR THE FINANCIAL STATEMENTS HAVE BEEN NETTED WITH INCOME. 56,298. RENTAL COSTS REPORTED AS EXPENSES FOR THE FINANCIAL STATEMENTS HAVE BEEN NETTED WITH INCOME. 19,333. AUCTION 168326 57100 111226 18315 37983 168326 57100 111226 18315 37983 56298 54928 0 MT HOOD COMMUNITY COLLEGE 26000 SE STARK ST GRESHAM OR 97030 930546890 115(1) 418180 0 PROGRAM EQUIPMENT, STUDENT CONFERENCE FEES, PROFESSIONAL DEVELOPMENT, DENTAL LAB REMODEL 1 0 SCHOLARSHIPS TO USE FOR TUITION, FEES, BOOKS AND SUPPORT SERVICES 171 508720 PART I, LINE 2 SCHOLARSHIPS, PROGRAM FUNDS AND EQUIPMENT GRANTS ARE FUNDED BY CORPORATE, COMMUNITY, BOARD AND STAFF DONATIONS AND PROCEEDS FROM EVENTS. RECIPIENTS ARE SELECTED AFTER COMMITTEE MEMBERS REVIEW APPLICATIONS. PART II, LINE 1, COLUMN H NAME OF ORGANIZATION OR GOVERNMENT: MT. HOOD COMMUNITY COLLEGE (H) PURPOSE OF GRANT OR ASSISTANCE: PROGRAM EQUIPMENT, STUDENT CONFERENCE FEES, PROFESSIONAL DEVELOPMENT FOR INSTRUCTORS, PROJECTS TO BENEFIT STUDENTS. SUBSTANTIAL CONTRIBUTORS SUBSTANTIAL CONTRIBUTORS 12000 PROPERTY MANAGEMENT - A PROPERTY MANAGEMENT COMPANY OWNED BY THE CONTRIBUTORS IS PAID TO MAINTAIN REAL ESTATE DONATED BY THESE CONTRIBUTORS. THE CONTRIBUTORS ALSO DONATE ANY FUNDS NECESSARY TO PAY FOR THE CONTINUING MAINTENANCE OF THE REAL ESTATE. 0 X 1 26186 PUBLIC MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE CHAIR AND SIGNED BY THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 POSITION DESCRIPTIONS ARE DEVELOPED WITH THE MHCC HUMAN RESOURCES DEPARTMENT USING COMPARABLE POSITIONS AND BEST PRACTICES. MANAGEMENT FOLLOWS THE COLLEGE PROCEDURES FOR EVALUATION AND COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G SALARIES CONTRACTED FROM MHCC : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 51,833. FUNDRAISING EXPENSES 96,262. TOTAL EXPENSES 148,095. BENEFITS CONTRACTED FROM MHCC : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 30,676. FUNDRAISING EXPENSES 56,969. TOTAL EXPENSES 87,645. MHCC FOUNDATION LLC 2600 SE STARK ST GRESHAM OR 97030 934313969 SUPPORT OF EDUCATIONAL EFFORTS OR 112571 2092506 MT HOOD COMMUNITY COLLEGE FOUNDATION INC MT HOOD COMMUNITY COLLEGE 26000 SE STARK ST GRESHAM OR 97030 930546890 EDUCATION OR 115(1) 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0