2024-01-31T10:58:37-06:00 2023-06-30 381357951 PLANTE & MORAN PLLC 19176 HALL ROAD SUITE 300 CLINTON TOWNSHIP MI 48038 990 2022-07-01 382421276 HENRY FORD COLLEGE FOUNDATION HENR 3138459620 5101 EVERGREEN ROAD DEARBORN MI 48128 A REGINALD BEST EXECUTIVE DIRECTOR 3138459620 2024-01-29 1 A REGINALD BEST 999009999 1 AMANDA M COON P01754645 5864164900 2024-01-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z A REGINALD BEST 5101 EVERGREEN ROAD DEARBORN MI 48128 7868160 0 X HTTPS://FOUNDATION.HFCC.EDU X 1982 MI SUPPORT PROGRAMS & SERVICES AT HENRY FORD COLLEGE 23 22 0 100 0 0 1793946 2195300 0 0 1510246 608657 4205 11320 3308397 2815277 1903602 2470208 0 0 0 0 0 0 0 270531 251039 2174133 2721247 1134264 94030 18566113 20018212 217211 95232 18348902 19922980 X THE HENRY FORD COLLEGE FOUNDATION IS ORGANIZED AS A MICHIGAN CHARITABLE ORGANIZATION, IS EXEMPT FROM FEDERAL INCOME TAX LIABILITY BY INTERNAL REVENUE CODE SECTION 501(C)(3) AND QUALIFIES AS A PUBLIC CHARITY UNDER INTERNAL REVENUE CODE SECTION 509. THE MISSION OF THE HENRY FORD COLLEGE FOUNDATION IS TO RAISE CHARITABLE SUPPORT FOR THE COLLEGE BY BUILDING LONG-TERM RELATIONSHIPS WITH SUCH CONSTITUTENTS AS BUSINESS, CIVIC AND COMMUNITY LEADERS, ALUMNI, CORPORATE AND PHILANTHROPIC FOUNDATIONS, AND INDIVIDUALS OF INFLUENCE AND AFFLUENCE, IN SUPPORT OF THE GOALS AND OBJECTIVES OF THE COLLEGE AND THE EDUCATIONAL AND CAREER ASPIRATIONS OF HENRY FORD COLLEGE STUDENTS. THE FOUNDATION IS COMMITTED TO PROVIDING KNOWLEDGE, COMMUNICATION SKILLS, AND CULTURAL OPPORTUNITITES TO PREPARE OUR DIVERSE STUDENT POPULATION FOR A RAPIDLY CHANGING WORLD AND WORKPLACE. 0 0 374510 374510 EDUCATIONAL SCHOLARSHIP FUNDS-ALL SCHOLARSHIP, FUNDS AND PROGRAM QUALIFY AS EDUCATIONAL 2094473 2094473 SPECIAL EDUCATION PROGRAMS-DONEE OF ALL SCHOLARSHIPS, FUNDS AND PROGRAMS IS: HENRY FORD COLLEGE, 5101 EVERGREEN, DEARBORN, MI 48128 1225 1225 CONTRIBUTIONS OF NON-CASH ITEMS TRANSFERRED TO HENRY FORD COLLEGE 2470208 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 22 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MI X JOHN SATKOWSKI 3138459601 5101 EVERGREEN ROAD DEARBORN MI 48128 RUSSELL KAVALHUNA PRESIDENT OF HFC 0.10 40.00 X X 0 328732 171171 A REGINALD BEST EXECUTIVE DIRECTOR 0.10 40.00 X X 0 187195 97473 STEPHEN QUINLAN CHAIR 0.10 0.00 X X 0 0 0 J MICHAEL KIRK VICE CHAIR 0.10 0.00 X X 0 0 0 JEANNE MARTENS SECRETARY 0.10 0.00 X X 0 0 0 JOHN GRENKE TREASURER 0.10 0.00 X X 0 0 0 DENISE MCDONALD FORMER CHAIR 0.10 0.00 X X 0 0 0 ROBERT ABRAHAM DIRECTOR 0.10 0.00 X 0 0 0 CYNTHIA HANES BERRY DIRECTOR 0.10 0.00 X 0 0 0 FAY BEYDOUN DIRECTOR 0.10 0.00 X 0 0 0 TYRONE A CARTER DIRECTOR 0.10 0.00 X 0 0 0 RENATA CROOMS DIRECTOR 0.10 0.00 X 0 0 0 BAHIYA FAWAZ DIRECTOR 0.10 0.00 X 0 0 0 JENNIFER DICKEY DIRECTOR 0.10 0.00 X 0 0 0 JOAN HENNESSEY DIRECTOR 0.10 0.00 X 0 0 0 ERIC LONGS DIRECTOR 0.10 0.00 X 0 0 0 JACQUELINE LOVEJOY DIRECTOR 0.10 0.00 X 0 0 0 ANTHONY C MORTON DIRECTOR 0.10 0.00 X 0 0 0 MATT O'BRYAN DIRECTOR 0.10 0.00 X 0 0 0 ALAN R OSBORNE DIRECTOR 0.10 0.00 X 0 0 0 ROBERT L TURFE DIRECTOR 0.10 0.00 X 0 0 0 ROBERT ZAKAR DIRECTOR 0.10 0.00 X 0 0 0 ERIC RADER DIRECTOR 0.10 0.00 X 0 0 0 PATRICK D'AMBROSIO DIRECTOR 0.10 0.00 X 0 0 0 MARGARET BLOHM DIRECTOR 0.10 0.00 X 0 0 0 ALFONSO AVILA JR DIRECTOR - PART YEAR 0.10 0.00 X 0 0 0 0 515927 268644 0 0 1 0 0 881 2194419 1225 2195300 269596 269596 5380318 5041257 339061 339061 339061 22946 881 11626 11320 11320 2815277 0 0 619977 2095698 2095698 374510 374510 4915 4915 13500 13500 182020 182020 6208 6208 LICENSE FEES 38691 38691 MISCELLANEOUS 5705 5705 2721247 2470208 251039 0 1117590 721890 68371 71180 14650266 16567976 2686923 2603184 42963 53982 18566113 20018212 174392 90879 42819 4353 217211 95232 X 4785884 5357932 13563018 14565048 18348902 19922980 18566113 20018212 94030 1480048 0 X X 0 1 X 1 0 X 773958 1089336 1810060 1793946 2195300 7662600 763822 752651 716872 1080696 1269628 4583669 1537780 1841987 2526932 2874642 3464928 12246269 3341483 8904786 336974 328191 319086 296273 269596 1550120 40501 22120 10010 22946 95577 13891966 0.64100 0.58590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15057996 43040 1808788 424730 16485094 18187115 95627 -2867658 357088 15057996 14062072 117538 4352001 344496 18187115 13248804 64395 1008821 318701 58753 14062072 12572952 296281 710604 331033 13248804 0.23458 0.42484 0.34058 0 0 0 VANGUARD INTERMEDIATE TERM BOND 2603184 F 2603184 5396429 1480048 1269628 2749676 2646753 168524 168524 2815277 3822351 1269628 1269628 2552723 168524 168524 2721247 PART V, LINE 4: DISTRIBUTIONS TO HENRY FORD COLLEGE FOR SCHOLARSHIPS, GRANTS AND/OR ANY OTHER PURPOSE APPROVED BY THE BOARD AND ACCEPTED BY THE COLLEGE. WOMEN'S RECOGNITION LUNCHEON 12633 876 11757 888 2640 50 SCHOLARSHIP DINNER - SPRING 6629 5 6624 5123 1 4565 4565 2550 375 23827 881 22946 888 10313 375 50 11626 11320 1 HENRY FORD COLLEGE 5101 EVERGREEN DEARBORN MI 48218 200027170 115 2094473 1225 FAIR MARKET VALUE VARIOUS FUNDRAISING SUPPLIES TO PROVIDE SUPPORT TO HENRY FORD COLLEGE 1 0 SCHOLARSHIPS FOR STUDENTS ATTENDING HENRY FORD COLLEGE 528 374510 PART I, LINE 2: BY MARCH 31 OF EACH YEAR, THE HFC FINANCE DEPARTMENT REVIEWS THE BALANCES OF ALL ANNUAL AND ENDOWED SCHOLARSHIP ACCOUNTS IN THE CASE OF ANNUAL SCHOLARSHIPS (S ACCOUNTS), THIS REVIEW INDICATES THE FUNDS ARE AVAILABLE FOR SCHOLARSHIPS FOR THE COMING ACADEMIC YEAR; IN THE CASE OF THE ENDOWED SCHOLARSHIPS (E ACCOUNTS), THIS REVIEW INDICATES WHETHER ANY SCHOLARSHIP MONIES WILL BE AVAILABLE BASED ON THE INVESTMENT RETURN OF THE CORPUS OF THE ENDOWMENT. THE FOUNDATION EXECUTIVE DIRECTOR REVIEWS THESE ACCOUNTS AND IN THE CASE OF AN ENDOWED FUND WHERE NO AWARD IS INDICATED, DECIDES WHETHER TO RECOMMEND TO THE FOUNDATION BOARD OF DIRECTORS UTILIZING OTHER ACCOUNTS (UNRESTRICTED, OR UNRESTRICTED SCHOLARSHIPS) BE USED TO MAKE THE AWARD. THE SCHOLARSHIP APPLICATION PROCESS (CURRENTLY RUNNING FROM OCTOBER 1 THROUGH MARCH 1) IS AN ONLINE PROCESS AND ONCE THE AWARD AMOUNTS ARE DETERMINED, AND THE APPLICATIONS SORTED, A JOINT MEETING OF THE FOUNDATION SCHOLARSHIP COMMITTEE AND THE SCHOLARSHIP COMMITTEE OF THE COLLEGE SENATE IS HELD NO LATER THAN JUNE 15, TO REVIEW APPLICANTS AND SCHOLARSHIP AND FOUNDATION AID CRITERIA, TO MAKE AWARD SELECTIONS. IF INDICATED, SCHOLARSHIP CRITERIA AND APPLICANTS MAY BE REFERRED TO A SPECIFIC COLLEGE DEPARTMENT OR UNIT FOR THE RECIPIENT SELECTION. THE FOUNDATION OFFICE SENDS OUT THE AWARD LETTERS AND COLLECTS THE ACCEPTANCE FORMS. A 'SCHOLARSHIP GUIDE' SPREADSHEET IS PREPARED FOR THE COMING ACADEMIC YEAR, HIGHLIGHTING THE NUMBER AND VALUE OF AWARD AMOUNTS FOR EACH SCHOLARSHIP; WHETHER THE FUNDS CAN BE USED FOR TUITION, FEES, BOOKS OR OTHER; THE NAME(S) OF THE RECEIPIENT(S); AND, ANY PERTINENT NOTES. THIS INFORMATION IS SHARED WITH THE FINANCIAL AID OFFICE, WHICH APPLIES THE AWARD TO THE STUDENTS' ACCOUNTS. X 1 0 0 0 0 0 0 0 0 0 0 RUSSELL KAVALHUNA PRESIDENT OF HFC 0 298732 0 0 0 30000 0 97535 0 73636 0 499903 0 0 A REGINALD BEST EXECUTIVE DIRECTOR 0 185195 0 0 0 2000 0 55541 0 41932 0 284668 0 0 PART I, LINE 1A HENRY FORD COLLEGE FOUNDATION PAYS FOR THE DETROIT ATHLETIC CLUB FEES ON BEHALF OF ONE OFFICER WHO UTILIZES FOR BUSINESS PURPOSES. FORM 990, PART VI, SECTION A, LINE 2 TWO OF THE FOUNDATION'S DIRECTORS, DENISE MCDONALD AND JOHN MCDONALD, ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 7A UPON THE APPROVAL OF A MAJORITY OF THE BOARD OF THE FOUNDATION, AS PROPOSED BY THE NOMINATING COMMITTEE, DIRECTORS WILL BE APPOINTED BY THE BOARD OF TRUSTEES OF HENRY FORD COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS SENT TO THE EXECUTIVE COMMITTEE COMPRISED OF KEY MEMBERS OF THE BOARD FOR REVIEW BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C HELD ON FILE IN THE FOUNDATION OFFICE FOR REVIEW UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. HENRY FORD COLLEGE 5101 EVERGREEN DEARBORN MI 481281495 200027170 COLLEGE MI 115 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0