2024-02-20T15:56:58-06:00 2023-06-30 390758449 WIPFLI LLP 7887 E BELLEVIEW AVE SUITE 700 DENVER CO 80111 990 2022-07-01 841311148 FRONT RANGE COMMUNITY COLLEGE FOUNDATION FRON 3034045238 3645 W 112TH AVE WESTMINSTER CO 80031 BERYL DURAZO EXECUTIVE DIRECTOR 3034045238 2024-02-20 1 BERYL DURAZO 999009999 0 LEANNA VELOTTA EA P01775411 3037590089 2024-02-20 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BERYL DURAZO 3645 W 112TH AVE WESTMINSTER CO 80031 2852986 0 X WWW.FRONTRANGE.EDU/ABOUT-US/FOUNDATION X 1994 CO THE ORGANIZATION'S MISSION IS TO ADVANCE THE MISSION OF FRONT RANGE COMMUNITY COLLEGE BY PROVIDING RESOURCES OF TIME, EXPERTISE, AND FINANCIAL SUPPORT TO AUGMENT THE STATE OF COLORADO FUNDING AND THEREBY CREATE, SUSTAIN OR STRENGTHEN CURRENT AND EMERGING CENTERS OF EDUCATIONAL EXCELLENCE FOR THE STUDENTS AND COMMUNITIES SERVED. 15 15 0 200 0 0 2221361 2679767 0 0 56527 109349 48142 41943 2326030 2831059 2051928 1610237 0 0 0 0 0 0 18950 85878 71899 2137806 1682136 188224 1148923 6059043 6534703 690768 9384 5368275 6525319 X TO ADVANCE THE MISSION OF FRONT RANGE COMMUNITY COLLEGE BY PROVIDING RESOURCES OF TIME, EXPERTISE, AND FINANCIAL SUPPORT TO AUGMENT THE STATE OF COLORADO FUNDING AND THEREBY CREATE, SUSTAIN OR STRENGTHEN CURRENT AND EMERGING CENTERS OF EDUCATIONAL EXCELLENCE FOR THE STUDENTS AND COMMUNITIES SERVED. 0 0 660650 660650 STUDENT SCHOLARSHIPS: SCHOLARSHIPS TO ALLOW STUDENTS TO ATTEND FRONT RANGE COMMUNITY COLLEGE. 963282 949587 EDUCATION SUPPORT AND AWARENESS: ENHANCE ACADEMIC PROGRAMS AND ACTIVITIES AT FRONT RANGE COMMUNITY COLLEGE. 1623932 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 1 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 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CO X BERYL DURAZO 3034045238 3645 W 112TH AVENUE WESTMINSTER CO 80031 X RYAN THARP PRESIDENT 3.00 X X 0 0 0 RICK SAMSON TREASURER 2.00 X X 0 0 0 TOM CASSADY DIRECTOR 2.00 X 0 0 0 TERRY DYE DIRECTOR 2.00 X 0 0 0 MARILEE MENARD DIRECTOR 2.00 X 0 0 0 HEIDI WILLIAMS DIRECTOR 1.00 X 0 0 0 MICHELINE BURGER DIRECTOR 1.00 X 0 0 0 KATHERINE KIMBALL SECRETARY 2.00 X X 0 0 0 SUZANNE MILLER DIRECTOR 1.00 X 0 0 0 SID SIMONSON DIRECTOR 3.00 X 0 0 0 KYLE ARCHER DIRECTOR 1.00 X 0 0 0 NARCISO GARIBY DIRECTOR 1.00 X 0 0 0 MICHELLE ELLISON DIRECTOR 3.00 X 0 0 0 JAMES WEDDING DIRECTOR 2.00 X 0 0 0 BRANDON HLL DIRECTOR 2.00 X 0 0 0 BERYL DURAZO EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 0 0 532006 2147761 2679767 109349 109349 63870 21927 41943 41943 2831059 0 0 151292 351591 351591 1258646 1258646 19831 19831 20432 7331 4033 9068 5902 4504 1398 4522 4522 21212 6364 6364 8484 1682136 1623932 39254 18950 3043562 1828263 933177 700431 48796 48796 0 0 2082304 4006009 6059043 6534703 8029 9384 682739 690768 9384 X 384111 463133 4984164 6062186 5368275 6525319 6059043 6534703 1148923 8121 0 X 0 1 X 1 0 X 1847644 3624632 1975168 2221361 2679767 12348572 334541 393748 340785 419644 415963 1904681 2182185 4018380 2315953 2641005 3095730 14253253 14253253 43236 40150 39510 56527 109349 288772 14542025 0.98010 0.98370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2215330 49037 35414 38360 2261421 1932240 390225 -62275 44860 2215330 1711414 147288 107948 34410 1932240 920943 685550 123296 18375 1711414 813537 48650 58756 920943 0 0 48796 48796 0 0 X 3242887 8121 415963 424084 2818803 12256 12256 2831059 2085843 415963 415963 1669880 12256 12256 1682136 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF FUNDS ESTABLISHED BY DONORS TO PROVIDE ANNUAL FUNDING FOR SPECIFIC PROGRAMS AND SCHOLARSHIPS. THE ENDOWMENT ALSO INCLUDES CERTAIN UNRESTRICTED NET ASSETS DESIGNATED FOR ENDOWMENT BY THE BOARD OF DIRECTORS. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AND HAS BEEN RECOGNIZED BY THE IRS AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE LAW AS A CHARITABLE ORGANIZATION, WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE CODE IS SUBJECT TO FEDERAL INCOME TAX. THE FOUNDATION CURRENTLY HAS NO UNRELATED BUSINESS INCOME AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THESE FINANCIAL STATEMENTS. THE FOUNDATION FOLLOWS THE REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (FASB ASC) SECTION ASC 740-10. THE STANDARD PRESCRIBES A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE IN THE FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THE ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. THE FOUNDATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. IN EVALUATING THE FOUNDATION'S TAX PROVISIONS AND ACCRUALS, INTERPRETATIONS AND TAX PLANNING STRATEGIES ARE CONSIDERED. THE FOUNDATION BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES AND HAVE NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2023 OR JUNE 20, 2022. GOLF TOURNAMENT 63870 63870 21927 63870 63870 21927 21927 41943 1 FRONT RANGE COMMUNITY COLLEGE 3645 W 112TH AVENUE WESTMINSTER CO 80031 841001037 STATE OF COLORADO 351591 0 OPERATIONAL AND OTHER SUPPORT FOR FRONT RANGE COMMUNITY COLLEGE. SCHOLARSHIPS 1258646 PART I, LINE 2: THE FOUNDATION USES A THIRD PARTY SOFTWARE SYSTEM CALLED ACADEMIC WORKS. THE STUDENTS APPLY FOR SCHOLARSHIPS VIA ACADEMIC WORKS. THE LINK IS ALWAYS ON THE WWW.FRONTRANGE.EDU WEBSITE. SCHOLARSHIP APPLICATIONS ARE TAKEN FROM DECEMBER 1ST THROUGH MARCH 1ST OF THE FOLLOWING YEAR. ALL COMPLETED APPLICATIONS ARE SCORED BY VOLUNTEERS TO THE FOUNDATION. EACH APPLICANT IS SCORED BY AT LEAST TWO SEPARATE INDIVIDUALS. THE SYSTEM PUTS THE TOP SCORERS AT THE TOP OF THE LISTINGS. THE FOUNDATION STAFF AWARD THE TOP SCORERS OF THE SCHOLARSHIPS. ALL SCHOLARSHIP AMOUNTS ARE DIVIDED IN HALF AND AWARDED EACH SEMESTER (FALL AND SPRING SEMESTERS) AND MOST OF THESE AWARDS ARE PLACED IN THE STUDENTS FINANCIAL AID ACCOUNT BY FINANCIAL AID, SO MONEY IS NOT DIRECTLY GIVEN TO THE STUDENTS. ALL SCHOLARSHIP RECIPIENTS ARE REQUIRED TO PARTICIPATE IN THE SCHOLAR SUCCESS PROGRAM WHICH MONITORS THE CREDITS THAT THEY ARE ENROLLED IN, THE PROGRAM THEY ARE ENROLLED IN AND THE STUDENT'S GPA. EACH STUDENT IS REQUIRED TO SUBJECT A MID-TERM GRADE REPORT FROM EACH OF THEIR INSTRUCTORS. IF STUDENTS FAIL TO MEET SCHOLARSHIP REQUIREMENTS, THEY LOSE THE REMAINDER OF THEIR SCHOLARSHIP FUNDS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OVERSEES THE ORGANIZATION'S BUSINESS AND DECISION MAKING. THE EXECUTIVE COMMITTEE IS COMPRISED OF FIVE VOTING MEMBERS, WHICH INCLUDES THE BOARD CHAIR, THE BOARD VICE-CHAIR, THE SECRETARY, THE TREASURER, AND ONE ADDITIONAL DIRECTOR APPOINTED BY THE BOARD. ADDITIONALLY, THE FRONT RANGE COMMUNITY COLLEGE PRESIDENT AND THE EXECUTIVE DIRECTOR SHALL BE NON-VOTING ADVISORY MEMBERS OF THE EXECUTIVE COMMITTEE> THE EXECUTIVE COMMITTEE SHALL: (A) PERFORM THE DUTIES AND HAVE THE RESPONSIBILITIES AND AUTHORITY OF THE BOARD BETWEEN THE REGULAR MEETINGS OF SUCH BOARD; (B) EVALUATE ALL SIGNIFICANT MATTERS RELATING TO THE OPERATIONS OF THE FOUNDATION AND MAKE RECOMMENDATIONS TO THE BOARD; (C) PERFORM SUCH OTHER DUTIES AND EXERCISE AUTHORITY TO ACT ON BEHALF OF THE FOUNDATION AS DELEGATED TO IT BY THE BOARD. MEMBERSHIP OF THE EXECUTIVE COMMITTEE SHALL SERVE UNTIL HIS OR HER TERM AS DIRECTOR IS COMPLETE, RESIGNS, OR IS REMOVED FROM THE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE EXECUTIVE BOARD AND FINANCE COMMITTEE OF THE FOUNDATION BEFORE FILING WITH THE IRS. IN ADDITION, A COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE GOVERNING BODY FOR THEIR REVIEW AND APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE DISTRIBUTED ANNUALLY AT THE BOARD OF DIRECTORS MEETING. FOLLOW UP IS DONE INDIVIDUALLY WITH MEMBERS NOT IN ATTENDANCE AT THE MEETING. IF ANY PERSON WHO IS A DIRECTOR OR OFFICER OF THE FOUNDATION IS AWARE THAT THE FOUNDATION IS ABOUT TO ENTER INTO ANY BUSINESS TRANSACTION DIRECTLY OR INDIRECTLY WITH HIMSELF/HERSELF, OR ANY MEMBER OF HIS/HER FAMILY, OR ANY ENTITY IN WHICH HE/SHE HAS A LEGAL, EQUITABLE, OR FIDUCIARY INTEREST, PARTNER, BENEFICIARY, OR TRUSTEE, SUCH PERSON SHALL: (A) IMMEDIATELY INFORM THOSE CHARGED WITH APPROVING THE TRANSACTION ON BEHALF OF THE FOUNDATION OF HIS/HER INTEREST OR POSITION, (B) AID THE PERSONS CHARGED WITH MAKING THE DECISION BY DISCLOSING ANY MATERIAL FACTS WITHIN HIS/HER KNOWLEDGE THAT BEAR ON THE ADVISABILITY OF SUCH TRANSACTION FROM THE STANDPOINT OF THE FOUNDATION, AND (C) NOT BE ENTITLED TO VOTE ON THE DECISION TO ENTER INTO SUCH TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION PAID TO THE EXECUTIVE DIRECTOR IS PAID FOR BY FRONT RANGE COMMUNITY COLLEGE, AN AFFILIATED ORGANIZATION. FRONT RANGE COMMUNITY COLLEGE HAS POLICIES AND PROCEDURES IN PLACE THAT ARE USED TO EVALUATE AND ESTABLISH COMPENSATION AMOUNTS FOR THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR'S SERVICES ARE TREATED AS IN-KIND EXPENSES, AND THUS THE FOUNDATION HAS NO REIMBURSED COMPENSATION EXPENSES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.