2024-04-30T17:43:50-05:00 2023-06-30 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2022-07-01 237052989 TREASURE VALLEY COMMUNITY COLLEGE FOUNDATION TREA 5418815595 650 COLLEGE BLVD ONTARIO OR 97914 CATHY YASUDA EXECUTIVE DIRECTOR 5418815595 2024-04-30 1 CATHY YASUDA 999009999 0 WENDY CAMPOS P00448102 5032421447 2024-04-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CATHY YASUDA 650 COLLEGE BLVD ONTARIO OR 97914 4600208 0 X WWW.TVCC.CC/ABOUT/FOUNDATION X 1962 OR CREATING SCHOLARSHIPS AND ENHANCING THE ENVIRONMENT FOR STUDENT LIFE AND ACTIVITIES. 22 22 0 24 0 0 3270459 1861377 121137 0 742471 357057 21978 -16006 4156045 2202428 630293 559032 0 0 99235 128061 0 42506 130848 252488 163620 982016 893219 3174029 1309209 10337245 12448094 7726 57894 10329519 12390200 TO IMPROVE THE QUALITY OF LIFE FOR TVCC STUDENTS BY CREATING SCHOLARSHIPS AND ENHANCING THE ENVIRONMENT FOR STUDENT LIFE AND ACTIVITIES. 0 0 353695 353695 THE TVCC FOUNDATION AWARDED A TOTAL OF 237 SCHOLARSHIPS FOR THE 2022-2023 ACADEMIC YEAR THAT PROVIDED MUCH NEEDED FINANCIAL ASSISTANCE TO OUR STUDENTS. NEARLY 75% OF OUR STUDENTS REQUIRE SOME KIND OF FINANCIAL ASSISTANCE IN ORDER TO ATTEND COLLEGE. WITHOUT THESE SCHOLARSHIPS, MANY OF OUR STUDENTS WOULDN'T HAVE THE FINANCIAL MEANS TO PURSUE THEIR EDUCATIONAL GOALS. OUR SCHOLARSHIP PROGRAM IS THE CORNERSTONE OF THE FOUNDATION WHOSE MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR TVCC STUDENTS BY CREATING SCHOLARSHIPS AND ENHANCING THE ENVIRONMENT FOR STUDENT LIFE AND ACTIVITIES. 254905 205337 THE FOUNDATION IS THE SUPPORTING ARM OF THE INSTITUTION. FOR OVER 50 YEARS WE HAVE BEEN WORKING HAND-IN-HAND WITH THE COLLEGE AND THE COMMUNITY TO PROVIDE FUNDS THAT WILL MAKE A DIFFERENCE IN THE LIVES OF STUDENTS THROUGH SCHOLARSHIPS, EMERGENCY ASSISTANCE AND OTHER UNMET NEEDS. BY GENERATING AND MANAGING PRIVATE RESOURCES, THE FOUNDATION NOT ONLY CREATES ACCESS TO EDUCATION, BUT HELPS MAKE THAT EXPERIENCE THE BEST IT CAN BE BY SUPPORTING INSTRUCTION, STUDENT SERVICES AND CAPITAL IMPROVEMENTS TO THE INSTITUTION. 608600 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OR X DARIN BELL 5418815842 650 COLLEGE BOULEVARD ONTARIO OR 97914 CATHY YASUDA EXECUTIVE DIRECTOR 30.00 X 56752 0 29650 SHIRLEY HAIDLE VP OF ADMINISTRATION 5.00 X 0 0 0 DAVE BEAN CHAIRPERSON 1.50 X X 0 0 0 RON HAIDLE VICE CHAIR PERSON 1.50 X X 0 0 0 MATT FRYE TREASURER 1.50 X X 0 0 0 DEBBIE BLACKABY SECRETARY 1.50 X X 0 0 0 PRUDI SHERMAN EXECUTIVE COMMITTEE MEMBER 1.50 X X 0 0 0 RANDI SVATY EXECUTIVE COMMITTEE MEMBER 1.50 X X 0 0 0 ARWYN LARSON DIRECTOR 0.80 X 0 0 0 DEBBIE DELONG DIRECTOR 0.80 X 0 0 0 TORIE RAMIREZ DIRECTOR 0.80 X 0 0 0 CLIFF LOONEY DIRECTOR 0.80 X 0 0 0 DONNA JONES DIRECTOR 0.80 X 0 0 0 CHERYL CRUSON DIRECTOR 0.80 X 0 0 0 EVELYN DAME DIRECTOR 0.80 X 0 0 0 JAIME GRIMALDO JR DIRECTOR 0.80 X 0 0 0 BARBARA OLSON DIRECTOR 0.80 X 0 0 0 ALEXA HINE DIRECTOR 0.80 X 0 0 0 HOLLY KERFOOT DIRECTOR 0.80 X 0 0 0 RAESHELLE MEYER DIRECTOR 0.80 X 0 0 0 JUDGE FRANK YRAGUEN DIRECTOR 0.80 X 0 0 0 JULIE VAN MATRE DIRECTOR 0.80 X 0 0 0 BILL CARTER EMERITUS 0.80 X 0 0 0 GARY HALCOM EMERITUS 0.80 X 0 0 0 LARRY ROBB DIRECTOR (THRU 7/22) 0.80 X 0 0 0 56752 0 29650 0 0 0 1 0 87364 1774013 130715 1861377 271692 271692 2443732 2358367 85365 85365 85365 23407 87364 39413 -16006 -16006 2202428 0 0 341051 205337 205337 353695 353695 78144 19536 29304 29304 28205 9402 9401 9402 6683 2228 2227 2228 12646 4215 4216 4215 2383 794 794 795 14104 14104 42506 42506 74509 74509 6876 3145 3731 15423 2157 3589 9677 1342 1342 OUTSIDE SERVICES 51366 6749 15627 28990 893219 608600 153771 130848 1100182 1790077 0 285996 0 6956 9237063 10365065 10337245 12448094 7726 57894 7726 57894 X 1200704 1207341 9128815 11182859 10329519 12390200 10337245 12448094 1309209 751472 0 X 0 1 X 1 0 X 415462 653100 693798 3322133 1861377 6945870 209640 211428 185101 185551 155589 947309 625102 864528 878899 3507684 2016966 7893179 3191307 4701872 159743 172077 165353 198299 271692 967164 8860343 723799 0.53070 0.48510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8735192 650396 1004721 189545 217172 9983592 8268655 2436792 -1502405 174117 172300 121433 8735192 6692070 233961 1753191 146556 147118 116893 8268655 6270675 426889 362881 163069 94679 110627 6692070 5900180 297894 410676 147433 85313 105329 6270675 0.12093 0.67391 0.20516 0 0 0 X 3034980 751472 155589 907061 2127919 74509 74509 2202428 974299 155589 155589 818710 74509 74509 893219 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF OVER 120 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT CONSISTS OF DONOR-RESTRICTED ENDOWMENT FUNDS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED UPON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS AN OREGON NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(IV), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE FOUNDATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FOUNDATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. MANAGEMENT BELIEVES THE FOUNDATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES WERE INCURRED. X X X X 1 RICH GROSS SOLUTIONS 27426 CEDAR RD HOT SPRINGS SD 57747 CAMPAIGN TO FUND CAPITAL, SCHOLARSHIPS, PROGRAMS 0 2609323 42506 2566817 2609323 42506 2566817 OR GALA 110771 87364 23407 1780 24386 13247 110771 87364 23407 1780 24386 13247 39413 -16006 1 TREASURE VALLEY COMMUNITY COLLEGE 650 COLLEGE BLVD ONTARIO OR 97914 930507187 STATE OF OREGON 205337 0 ACADEMIC SUPPORT, ALLIED HEALTH CENTER FUNDING, CTE FUNDING 1 0 MERIT BASED SCHOLARSHIPS 13 5202 NEEDS-BASED SCHOLARSHIPS 229 338243 GENERAL SCHOLARSHIPS 17 10250 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED THROUGH THE CONTROLS OF TREASURE VALLEY COMMUNITY COLLEGE'S (TVCC) FINANCIAL AID DEPARTMENT; THIS METHOD ENSURES THE STUDENT'S ENROLLMENT AND THE ULTIMATE DISBURSEMENT OF FUNDS. TREASURE VALLEY COMMUNITY COLLEGE DISBURSES FUNDS TO STUDENT ACCOUNTS AT TVCC; THESE FUNDS ARE USED PRIMARILY TO PAY STUDENT TUITION AND FEES FOR COURSEWORK AT TVCC. EXCESS FUNDS ARE DISPERSED TO STUDENTS ONCE THEIR PARTICIPATION IN COURSEWORK IS CONFIRMED. SCHOLARSHIP FUNDS DISBURSED TO STUDENTS GO THROUGH A FORMALIZED REVIEW AND AWARD PROCESS THAT IS COORDINATED BY THE FOUNDATION SCHOLARSHIP COMMITTEE. EMERGENCY FUNDS ARE ADMINISTERED ON A CASE-BY-CASE BASIS BY THE FOUNDATION EXECUTIVE DIRECTOR. ANY OTHER UNRESTRICTED FUNDING FOR SPECIAL PROJECTS ARE APPROVED BY THE FOUNDATION BOARD. THE PURPOSE OF THE FOUNDATION IS TO SUPPORT THE COLLEGE AND THE COMMUNITY TO PROVIDE FUNDS THAT WILL MAKE A DIFFERENCE IN THE LIVES OF STUDENTS THROUGH SCHOLARSHIPS, EMERGENCY ASSISTANCE AND OTHER UNMET NEEDS. GRANTS TO THE COLLEGE FULFILLS THE EXEMPT PURPOSE OF THE FOUNDATION. THE FOUNDATION BOARD WORKS CLOSELY WITH THE BOARD OF EDUCATION AND THE COLLEGE COMMUNITY TO ENHANCE THE QUALITY OF LIFE FOR THE STUDENTS WE SERVE. 0 0 0 0 0 0 0 0 0 FORM 990, SCHEDULE J COMPENSATION FROM UNRELATED ORGANIZATION: CATHY YASUDA, EXECUTIVE DIRECTOR AND SHIRLEY HAIDLE, FINANCIAL MANAGER/TREASURER ARE COMPENSATED BY TREASURE VALLEY COMMUNITY COLLEGE FOR SERVICES TO TREASURE VALLEY COMMUNITY COLLEGE FOUNDATION AND TREASURE VALLEY COMMUNITY COLLEGE. A PORTION OF THE COMPENSATION IS TREATED AS AN IN-KIND CONTRIBUTION IN THE AMOUNT OF $100,145. THE IN-KIND CONTRIBUTION IS NOT SHOWN AS A REVENUE OR EXPENSE ON THE FORM 990. THE AMOUNTS BELOW AND ON PART VII IS CALENDAR YEAR 2022 COMPENSATION, PENSION, AND OTHER EMPLOYER PROVIDED BENEFITS, RESPECTIVELY. CATHY YASUDA: $56,752, $14,378, $15,272. SHIRLEY HAIDLE: $14,704, $4,033, $3,262. X 2 118990 FMV X MATERIALS & SUPPLIES 1 11725 FMV 0 0 0 PART I, COLUMN (B): AMOUNT IS NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS CONSISTS OF SEVEN ACTIVE DIRECTORS INCLUDING THE CHAIRPERSON, VICE-CHAIRPERSON, SECRETARY AND TREASURER. A QUORUM CONSISTS OF A MAJORITY OF THE ACTIVE DIRECTORS ON THE COMMITTEE. AN AFFIRMATIVE VOTE OF A MAJORITY OF THE ACTIVE DIRECTORS ON THE COMMITTEE IS NECESSARY FOR THE COMMITTEE TO TAKE ACTION. THE EXECUTIVE COMMITTEE EXERCISES ALL THE POWERS AND DUTIES OF THE BOARD OF DIRECTORS DURING THE INTERIM BETWEEN BOARD MEETINGS. ALL ACTIONS OF THE EXECUTIVE COMMITTEE ARE REPORTED TO THE BOARD OF DIRECTORS AT THE NEXT SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE. DEPENDING ON THE TIMING, THIS COPY IS EITHER PROVIDED AT THEIR MONTHLY MEETING OR ELECTRONICALLY VIA EMAIL TO EACH DIRECTOR. THEY ARE ENCOURAGED TO DIRECT ANY QUESTIONS OR CONCERNS REGARDING THE 990 TO THE VP OF ADMINISTRATIVE SERVICES OR THE CONTROLLER OF TREASURE VALLEY COMMUNITY COLLEGE. IN ADDITION, ONCE THE ANNUAL AUDIT HAS BEEN PREPARED BY THE EXTERNAL AUDITORS, THAT INFORMATION IS ALSO REVIEWED AND PROVIDED TO THE FOUNDATION BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY AND ASKS ALL BOARD MEMBERS TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. COPIES OF CONFLICT OF INTEREST STATEMENTS SIGNED BY INDIVIDUAL BOARD MEMBERS ARE KEPT IN THE FOUNDATION OFFICE FOR REVIEW IF NEEDED. BOARD MEMBERS RECUSE THEMSELVES FROM VOTING ON ANY BUSINESS THAT THEY ARE INVOLVED IN THAT MAY BE IN CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.