2023-08-17T12:17:53-05:00 2022-12-31 450250958 EIDE BAILLY LLP 10681 FOOTHILL BLVD STE 300 RANCHO CUCAMONGA CA 917303831 990 2022-01-01 956207819 LOS ANGELES CITY COLLEGE FOUNDATION LOSA 3239534011 855 N VERMONT AVE LOS ANGELES CA 90029 LISA C NASHUA EXECUTIVE DIRECTOR 3239534011 2023-08-15 1 LISA NASHUA 999009999 0 CATHERINE L GRAY CPA P01294460 9094664410 2023-08-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LISA C NASHUA 855 N VERMONT AVE LOS ANGELES CA 90029 14298420 0 X N/A X 1968 CA TO PROVIDE EDUCATIONAL FACILITIES, PROVIDE SCHOLARSHIPS, AND RAISE FUNDS FOR THE STUDENTS AND FACULTY OF LOS ANGELES CITY COLLEGE. 23 23 0 24 0 0 3324709 4032686 0 0 983331 5267765 247160 417855 4555200 9718306 912972 1079821 0 0 914792 1091830 0 0 8399 1280788 1588835 3108552 3760486 1446648 5957820 49893096 41421918 258808 90737 49634288 41331181 X TO PROMOTE, FOSTER, ENCOURAGE AND PROVIDE EDUCATIONAL AND RECREATIONAL FACILITIES AT LOS ANGELES CITY COLLEGE; TO PROVIDE FOR SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE TO STUDENTS AND FACULTY; TO RAISE FUNDS FOR THE GENERAL WELFARE OF THE STUDENTS AND FACULTY OF LOS ANGELES CITY COLLEGE AND TO PROVIDE AID TO THE COLLEGE. 0 0 597307 597307 SCHOLARSHIPS- THE ORGANIZATION PROVIDED SCHOLARSHIPS TO QUALIFIED LACC STUDENTS 2334381 482514 DEPARTMENTS- THE ORGANIZATION PROVIDED FUNDING FOR ACADEMIC DEPARTMENTS AT LACC AND STUDENT COMMUNITY INVOLVEMENT GRANTS- DEPARTMENT OF EDUCATION GRANTS TO FUND CAPITAL IMPROVEMENTS TO LACC IN RELATION TO NEW EDUCATIONAL PROGRAMS FOR STUDENTS 2931688 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 86 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 CA X THE ORGANIZATION 3239534011 855 N VERMONT AVE LOS ANGELES CA 90029 ROBERT SCHWARTZ CHAIRMAN 6.00 X X 0 0 0 MARVIN HOFFMAN IMMEDIATE PAST CHAIRMAN 1.00 X X 0 0 0 C EDWARD DILKES VICE CHAIRMAN 1.00 X X 0 0 0 ROBERT WINTERS TREASURER 1.00 X X 0 0 0 NICK HALARIS BOARD MEMBER 1.00 X 0 0 0 JOAN DANGERFIELD BOARD MEMBER 1.00 X 0 0 0 MICHAEL G MORGAN BOARD MEMBER 1.00 X 0 0 0 ANDREE E MILLER BOARD MEMBER 1.00 X 0 0 0 DEAN HANSELL BOARD MEMBER 1.00 X 0 0 0 THEO KINGMAN BOARD MEMBER 1.00 X 0 0 0 MIKE HARRIEL BOARD MEMBER 1.00 X 0 0 0 DAVID RYU BOARD MEMBER 1.00 X 0 0 0 DANNY CHAN ASSISTANT TREASURER 1.00 X X 0 0 0 MARGARET MARTIN BOARD MEMBER 1.00 X 0 0 0 ROBERT REEVES BOARD MEMBER 1.00 X 0 0 0 JEFF ZARRINNAM BOARD MEMBER 1.00 X 0 0 0 JESSICA I SHAHAM BOARD MEMBER 1.00 X 0 0 0 DJ MOORE BOARD MEMBER 1.00 X 0 0 0 ALEX SWART BOARD MEMBER 1.00 X 0 0 0 JOANNE HOFFMAN BOARD MEMBER 1.00 X 0 0 0 JERROD MCCLUNG BOARD MEMBER 1.00 X 0 0 0 JULIE STROMBERG SECRETARY 1.00 X X 0 0 0 DAVID FORD BOARD MEMBER 1.00 X 0 0 0 LARA YERETSIAN BOARD MEMBER 1.00 X 0 0 0 LISA NASHUA EXECUTIVE DIRECTOR 40.00 X 225000 0 5601 DAREN LYNNE DIR OF SPECIAL PROJECTS 40.00 X 122000 0 11333 347000 0 16934 2 0 1 0 0 1854 791367 3239465 243455 4032686 668239 668239 9026059 4426283 250 4599776 -250 4599526 4599526 546876 1854 153581 393295 393295 MISCELLANEOUS 611710 24560 24560 24560 9718306 24560 0 5661060 482514 482514 597307 597307 230601 115301 115300 861229 528879 332350 207397 207397 190798 157787 33011 16778 2559 14219 11225 11225 15070 11465 3605 4906 4906 28434 28434 PROGRAM SUPPLIES 500284 500284 GIFTS IN KIND 243455 243455 STIPENDS AND TUITION 88102 88102 MEALS AND ENTERTAINMENT 85049 78927 6122 197337 125108 63830 8399 3760486 2931688 820399 8399 2062252 3287818 308111 203515 173982 201720 103156 91905 8589 11251 47104296 37460164 235866 257450 49893096 41421918 98113 90737 160695 258808 90737 X 1351900 2344775 48282388 38986406 49634288 41331181 49893096 41421918 X 5957820 -14226611 -34316 X 0 1 X 1 0 X 3805377 2254625 1469686 3324709 4032686 14887083 3805377 2254625 1469686 3324709 4032686 14887083 14887083 527695 596721 571714 577050 668239 2941419 5840 27667 30575 20807 24560 109449 17937951 5030 0.82990 0.81800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46463295 295786 -8698207 1345371 36715503 37539719 1351746 8918975 1347145 46463295 30270083 749822 6948677 428863 37539719 20217599 518567 9923748 511785 30148129 18303646 1913953 20217599 0.00400 0.99600 1 0 103156 91905 11251 11251 INVESTMENTS 37460164 F 37460164 X -4324345 -14260927 272092 153581 -13835254 9510909 207397 207397 9718306 3978762 272092 153581 425673 3553089 207397 207397 3760486 PART V, LINE 4: THE OBJECTIVE OF THE ENDOWMENT FUND IS TO RETAIN A FUND OF PERPETUAL DURATION. ALL THE EXPENDITURES ARE SUBJECT TO BOARD APPROVAL. THE FOUNDATION'S ENDOWMENT (THE ENDOWMENT) CONSISTS OF APPROXIMATELY 160 INDIVIDUAL FUNDS ESTABLISHED BY DONORS TO PROVIDE ANNUAL FUNDING FOR SPECIFIC ACTIVITIES AND GENERAL OPERATIONS. THE ENDOWMENT ALSO INCLUDES CERTAIN NET ASSETS WITHOUT DONOR RESTRICTIONS THAT HAVE BEEN DESIGNATED FOR ENDOWMENT BY THE BOARD OF DIRECTORS. PART X, LINE 2: THE FOUNDATION HAS ADOPTED FASB ASC TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSE 153,581. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSE 153,581. GALA 2022 548730 1854 546876 19622 34947 99012 548730 1854 546876 19622 34947 99012 153581 393295 1 LOS ANGELES CITY COLLEGE 855 N VERMONT AVE LOS ANGELES CA 90029 956207819 GOVERNMENTAL 482514 0 ACTUAL AMOUNT SUPPORT THE EDUCATIONAL PROGRAMS OF LOS ANGELES CITY COLLEGE SCHOLARSHIPS 892 597307 ACTUAL AMOUNT PART I, LINE 2: THE QUALIFICATIONS TO RECEIVE THE SCHOLARSHIP BY THE QUALIFIED STUDENTS ARE BASED ON THEIR MATCH WITH CRITERIA. STUDENTS ARE REQUIRED TO SUBMIT AN APPLICATION AND THEIR STUDENT REPORTS FOR EVALUATION. PROVIDES GRANTS TO LOS ANGELES CITY COLLEGE FOR EDUCATIONAL PROGRAM SUPPORT. 1 X X 0 0 0 0 0 0 0 0 0 LISA NASHUA EXECUTIVE DIRECTOR 225000 0 0 0 0 0 3938 0 1663 0 230601 0 0 0 X 1 75000 FAIR MARKE VALUE X CINEMA EQUIPMENT 1 109852 FAIR MARKET VALUE X MUSICAL INSTRUMENT 1 51500 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): THE NUMBER REPRESENTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR REVIEWS THE 990 PRIOR TO BEING FILED. EXECUTIVE COMMITTEE REVIEWS THE FILING AFTER OT HAS BEEN FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBER ARE REQUIRED TO COMPLETE DISCLOSURE STATEMENTS ANNUALLY. THE STATEMENTS ARE MONITORED BY THE EXECUTIVE DIRECTOR. IF A CONFLICT ARISES THE BOARD MEMBER IS ASKED TO EXCUSE HIMSELF OR HERSELF FROM ALL DISCUSSIONS OR VOTING ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REQUIRES APPROVAL BY THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION C, LINE 19 LACCF MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST EITHER IN PERSON OR IN WRITING. FORM 990, PART XI, LINE 9: CHANGE IN VALUE -34,316. LOS ANGELES CITY COLLEGE 855 N VERMONT AVE LOS ANGELES CA 90029 956207819 PUBLIC COLLEGE CA GOVERNMENTAL N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0