2024-02-02T10:33:19-06:00 2023-06-30 262350873 CALIBER AUDIT & ATTEST LLP 805 AEROVISTA PLACE SUITE 103 SAN LUIS OBISPO CA 93401 990 2022-07-01 237225601 CUESTA COLLEGE FOUNDATION CUES 8055463279 PO BOX 8106 SAN LUIS OBISPO CA 93403 SHANNON HILL EXECUTIVE DIRECTOR 8055463279 2024-01-15 1 SHANNON HILL 999009999 0 BETH OWEN P01491944 8058880200 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHANNON HILL CUESTA COLLEGE HWY 1 SAN LUIS OBISPO CA 93405 7579807 0 X HTTP://WWW.CUESTA.EDU/ABOUT/FOUNDATION X 1973 CA THE CUESTA COLLEGE FOUNDATION SUPPORTS THE EXCELLENCE OF CUESTA COLLEGE BY ENGAGING THE COMMUNITY AND BUILDING PHILANTHROPIC RESOURCES. THE FUNDS RAISED AND MANAGED BY THE FOUNDATION STRENGTHEN COLLEGE PROGRAMS, PROVIDE EDUCATIONAL OPPORTUNITIES, AND EMPOWER STUDENTS TO SUCCEED. 35 29 0 120 0 0 3743805 3429221 0 0 3480129 1266274 -986900 289892 6237034 4985387 1847516 2428436 0 0 0 0 0 0 218883 914785 977836 2762301 3406272 3474733 1579115 44331740 49002494 1496827 1618754 42834913 47383740 X THE CUESTA COLLEGE FOUNDATION SUPPORTS THE EXCELLENCE OF CUESTA COLLEGE BY ENGAGING THE COMMUNITY AND BUILDING PHILANTHROPIC RESOURCES. THE FUNDS RAISED AND MANAGED BY THE FOUNDATION STRENGTHEN COLLEGE PROGRAMS, PROVIDE EDUCATIONAL OPPORTUNITIES, AND EMPOWER STUDENTS TO SUCCEED. 0 0 1069597 1069597 FUNDS PROVIDED TO COLLEGE DEPARTMENTS FOR INSTRUCTIONAL MATERIALS AND SUPPORT OF COLLEGE PROGRAMS. 1226330 1226330 PROVIDE SCHOLARSHIPS FOR CUESTA COLLEGE STUDENTS. 132509 132509 FUNDS FOR CAPITAL EXPENDITURES THAT THE COLLEGE INCCURS. 52250 DEPRECATION RELATED TO AIRCRAFT USED IN MAINTENCE PROGRAM 52250 2480686 1 1 0 1 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 14 0 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 35 29 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X SHANNON HILL 8055463279 CUESTA COLLEGE HWY 1 SAN LUIS OBISPO CA 93405 GRIGGER JONES PRESIDENT 2.00 X X 0 0 0 JEFF DARNTON VICE PRESIDENT/DEVELOPMENT 2.00 X X 0 0 0 SUSAN DRESSLER VICE PRESIDENT/MEMBERSHIP 2.00 X X 0 0 0 JANICE FONG WOLF VICE PRESIDENT/ALUMNI RELA 2.00 X X 0 0 0 ROB GARCIA SECRETARY/TREASURER 2.00 X X 0 0 0 JIM ANDERSON DIRECTOR 1.00 X 0 0 0 MICHAEL BOYER DIRECTOR 1.00 X 0 0 0 MICHAEL CABASSI DIRECTOR 1.00 X 0 0 0 BILL CARPENTER DIRECTOR 1.00 X 0 0 0 CARA CRYE DIRECTOR 1.00 X 0 0 0 CRAIG DARNELL DIRECTOR 1.00 X 0 0 0 CYNDEE EDWARDS DIRECTOR 1.00 X 0 0 0 SILVIO FAVORETO DIRECTOR 1.00 X 0 134175 34678 ANGELICA FORTIN DIRECTOR 1.00 X 0 0 0 NELLA GIROLO DIRECTOR 1.00 X 0 0 0 PATRICIA GORDON DIRECTOR 1.00 X 0 0 0 GARY HARKINS DIRECTOR 1.00 X 0 0 0 MARY E HOWELL DIRECTOR 1.00 X 0 0 0 DEE LACEY DIRECTOR 1.00 X 0 0 0 SCOTT LATHROP DIRECTOR 1.00 X 0 0 0 ROBYN LETTERS DIRECTOR 1.00 X 0 0 0 BARBARA MARTINEZ DIRECTOR 1.00 X 0 0 0 BILL MORTIMER DIRECTOR 1.00 X 0 0 0 PRAGNA PATEL-MUELLER DIRECTOR 1.00 X 0 0 0 DEBBIE PERRAULT DIRECTOR 1.00 X 0 0 0 HUNTER PERRY DIRECTOR 1.00 X 0 72536 27298 GEORGE PUDLO DIRECTOR 1.00 X 0 0 0 JOHN ROLPH DIRECTOR 1.00 X 0 0 0 MARY STROBRIDGE DIRECTOR 1.00 X 0 2928 0 ERICH TUCKER DIRECTOR 1.00 X 0 94327 25631 NESTOR VELOZ-PASSALACQUA DIRECTOR 1.00 X 0 0 0 CHERYL VINES DIRECTOR 1.00 X 0 0 0 JILL STEARNS DIRECTOR 2.00 40.00 X 0 282858 62130 MELISSA RICHERSON DIRECTOR 1.00 40.00 X 0 205452 63982 DARIUS JONES STUDENT REPRESENTATIVE 1.00 X 0 1476 0 DAWN GRILLO STUDENT REPRESENTATIVE 1.00 X 0 1884 0 BARBARA H GEORGE HONORARY DIRECTOR, NON-VOT 0.00 X 0 0 0 JON JENKINS HONORARY DIRECTOR, NON-VOT 0.00 X 0 0 0 MARIE E ROSENWASSER HONORARY DIRECTOR, NON-VOT 0.00 X 0 0 0 GILBERT H STORK HONORARY DIRECTOR, NON-VOT 0.00 X 0 0 0 SHANNON HILL EXECUTIVE DIRECTOR, NON-VO 40.00 X 0 153293 48158 RICK CAMARILLO DR FDN FISCAL SERVICES, NO 40.00 X 0 122746 43924 JESSICA STRANO DIRECTOR OF DEVELOPMENT 40.00 X 0 97332 26724 KATIE OSMAN DIRECTOR OF DEVELOPMENT 40.00 X 0 96943 34223 DAN TROY DIRECTOR - FORMER 0.00 40.00 X 0 210567 54084 JASON CURTIS DIRECTOR - FORMER 0.00 40.00 X 0 198859 36327 ELIZABETH CORIA DIRECTOR - FORMER 0.00 40.00 X 0 208838 51910 KEVIN BONTENBAL DIRECTOR - FORMER 0.00 40.00 X 0 17795 3223 JOHN KNUTSON DIRECTOR - FORMER 0.00 40.00 X 0 143796 43145 MONICA MILLARD DIRECTOR - FORMER 0.00 40.00 X 0 136067 32448 STACY MILLICH DIRECTOR - FORMER 0.00 40.00 X 0 117883 36466 0 2299755 624351 0 1 1 0 0 28206 3401015 1290333 3429221 1082556 1082556 2669469 2485751 183718 183718 183718 117161 28206 108639 8522 8522 23300 30 23270 23270 SPLIT INTEREST AGREEMENTS 611210 240705 240705 SPONSORSHIP/ADVERTISEMENT REVENUE 611210 14700 14700 MISC INCOME 611210 2695 2695 258100 4985387 258100 0 1298066 2428436 2428436 747418 592881 154537 31909 31909 845 845 13850 13850 39784 35627 4157 7736 7736 22200 8805 13395 4778 3086 1692 25151 2480 22671 52250 52250 CLOSING COST 24147 24147 BANK FEES 7768 7768 3406272 2480686 706703 218883 342875 155901 4688370 5473795 525488 182857 115931 116204 2750 2750 120693 114559 1100000 52250 0 1047750 33299689 37916712 5235944 3991966 44331740 49002494 436822 673337 1000000 350000 60005 595417 1496827 1618754 X 1142466 2003996 41692447 45379744 42834913 47383740 44331740 49002494 1579115 2969712 0 X X 0 1 X 1 0 X 1954070 2399025 2290394 3746525 3749682 14139696 1954070 2399025 2290394 3746525 3749682 14139696 3012132 11127564 921038 1019944 959699 962202 1082556 4945439 19085135 0.58300 0.76070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART I-A, LINE 1: THE FOUNDATION FILED FORM 5768 IN A PRIOR YEAR AND HAS NOT RECENDED THIS ELECTION, HOWEVER, THERE WAS NOT LOBBYING ACTIVITY IN ANY YEAR SINCE THE INITIAL FILING. 32745827 1510285 3905049 -489446 37671715 38518773 1670351 -5696108 -1747189 32745827 30522712 654689 8844721 -1503349 38518773 29883123 1430604 721063 -1512078 30522712 28663871 1441360 1228866 -1450974 29883123 0.46800 0.53200 1 0 1100000 52250 1047750 1047750 OUTSIDE INVESTMENTS 172701 OTHER ASSET - BOND 31552 PERPETUAL TRUSTS 3787713 3991966 X 8236568 2969712 172800 108669 3251181 4985387 0 4985387 3687741 172800 108669 281469 3406272 0 3406272 PART V, LINE 4: ENDOWMENT FUNDS ARE GENERALLY USED FOR THE ADVANCEMENT OF CUESTA COLLEGE, AND ALSO ADHERE TO SPECIFIC DONOR RESTRICTIONS WHEN APPLICABLE. PART X, LINE 2: THE FOUNDATION'S ACTIVITIES ARE GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA FRANCHISE TAX CODE. SINCE THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAX LIABILITY, NO PROVISION IS MADE FOR CURRENT OR DEFERRED INCOME TAX EXPENSE. HOWEVER, THE FOUNDATION REMAINS SUBJECT TO TAXES ON ANY NET INCOME THAT IS DERIVED FROM TRADE OR BUSINESS, REGULARLY CARRIED ON, AND UNRELATED TO ITS EXEMPT PURPOSE. MANAGEMENT BELIEVES THAT THE FOUNDATION HAS NO TAXABLE UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, MANAGEMENT OF THE FOUNDATION IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE ACCOUNTED FOR IN THE FINANCIAL STATEMENTS UNDER THE PRINCIPLES OF THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE. ALL TAX EXEMPT ENTITIES ARE SUBJECT TO REVIEW AND AUDIT BY FEDERAL, STATE AND OTHER APPLICABLE AGENCIES. SUCH AGENCIES MAY REVIEW THE TAXABILITY OF UNRELATED BUSINESS INCOME, OR THE QUALIFICATION OF THE TAX-EXEMPT ENTITY UNDER THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUTES. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET REVENUE TO OFF-SET DIRECT EXPENSE OF GAMING AND SPECIAL EVENTS 108,669. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSE OF GAMING AND SPECIAL EVENTS 108,669. 50TH ANNIVERSARY 143472 28206 115266 28206 3285 28704 4500 40213 BOOSTER 2211 2 1895 1895 1520 145367 28206 117161 28206 3285 28704 4500 43944 108639 8522 23300 30 0 23300 30 30 23270 CA 1 0 0 0 0 0 0 SAN LUIS COMMUNITY COLLEGE DISTRICT - CUESTA COLLEGE HIGHWAY 1 SAN LUIS OBISPO CA 93403 522018681 115 1226330 0 FUNDING OF SCHOLARSHIPS FOR CUESTA COLLEGE STUDENTS SAN LUIS COMMUNITY COLLEGE DISTRICT - CUESTA COLLEGE HIGHWAY 1 SAN LUIS OBISPO CA 93403 522018681 115 1027519 42078 FMV SERVICES ON BEHALF OF THE COLLEGE CUESTA COMMUNITY COLLEGE SUPPORT SAN LUIS COMMUNITY COLLEGE DISTRICT - CUESTA COLLEGE HIGHWAY 1 SAN LUIS OBISPO CA 93403 522018681 115 132509 0 FUNDING OF CAPITAL EXPENDITURES SCHEDULE I, PART I, LINE 2 PAYMENTS ASSOCIATED WITH GRANTS, SCHOLARSHIPS, AND CAPITAL EXPENDITURES ARE MADE DIRECTLY TO THE COLLEGE. THE COLLEGE DETERMINES AND EVALUATES THE QUALIFICATION PROCESS OF AWARDING FUNDS TO INDIVIDUALS. 0 0 0 0 0 0 0 0 0 JILL STEARNS DIRECTOR 0 282858 0 0 0 0 0 51030 0 11100 0 344988 0 0 MELISSA RICHERSON DIRECTOR 0 205452 0 0 0 0 0 49732 0 14250 0 269434 0 0 DAN TROY DIRECTOR - FORMER 0 210567 0 0 0 0 0 50904 0 3180 0 264651 0 0 ELIZABETH CORIA DIRECTOR - FORMER 0 208838 0 0 0 0 0 37660 0 14250 0 260748 0 0 JASON CURTIS DIRECTOR - FORMER 0 198859 0 0 0 0 0 33147 0 3180 0 235186 0 0 SHANNON HILL EXECUTIVE DIRECTOR, NON-VO 0 153293 0 0 0 0 0 37058 0 11100 0 201451 0 0 JOHN KNUTSON DIRECTOR - FORMER 0 143796 0 0 0 0 0 27365 0 15780 0 186941 0 0 SILVIO FAVORETO DIRECTOR 0 134175 0 0 0 0 0 26174 0 8504 0 168853 0 0 MONICA MILLARD DIRECTOR - FORMER 0 136067 0 0 0 0 0 24570 0 7878 0 168515 0 0 RICK CAMARILLO DR FDN FISCAL SERVICES, NO 0 122746 0 0 0 0 0 29674 0 14250 0 166670 0 0 STACY MILLICH DIRECTOR - FORMER 0 117883 0 0 0 0 0 28327 0 8139 0 154349 0 0 KEVIN BONTENBAL DIRECTOR - FORMER 0 17795 0 0 0 0 0 3223 0 0 0 21018 0 0 X 1 4000 FAIR MARKET VALUE X 3285 FAIR MARKET VALUE X 1 1100000 FAIR MARKET VALUE X 3 24297 FAIR MARKET VALUE X 1 120050 FAIR MARKET VALUE X 50TH ANNIVERSARY CELEBRATION ITEMS 51 28206 FAIR MARKET VALUE X PIANO 1 12000 FAIR MARKET VALUE X ALUMINUM 1 9500 FAIR MARKET VALUE X MISCELLANEOUS ITEMS 18 7869 FAIR MARKET VALUE X SANITATION 1 5423 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 SOME DIRECTORS HAVE BUSINESS RELATIONSHIPS WITH EACH OTHER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE SUBMITTED TO THE GOVERNING BODY FOR REVIEW PRIOR TO SIGNING BY THE EXECUTIVE DIRECTOR AND FILING. FORM 990, PART VI, SECTION B, LINE 12C IN ADDITION TO ANNUAL REVIEW, ANY POTENTIAL CONFLICTS ARE REQUIRED TO BE DISCLOSED AS THEY ARISE. THE BOARD ADDRESSES CONFLICTS OF INTEREST IMMEDIATELY UPON DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED BY THE STANDARD PAYROLL REVIEW PROCESS PERFORMED BY THE HUMAN RESOURCES DEPARMENT THROUGH CUESTA COLLEGE AS FOUNDATION EMPLOYEES ARE DIRECTLY EMPLOYED BY THE COLLEGE. THIS IS ALSO APPROVED BY THE BOARD THROUGH THE ANNUAL MEMORANDUM OF UNDERSTANDING. FORM 990, PART VI, SECTION C, LINE 18 THE CUESTA COLLEGE FOUNDATION WEBSITE LISTS CONTACT INFORMATION FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES TO THE OVERSIGHT PROCESS. SAN LUIS OBISPO COMMUNITY COLLEGE DISTRICT HIGHWAY 1 SAN LUIS OBISPO CA 93403 522018681 PROVIDE EDUCATION AT THE COMMUNITY COLLEGE LEVEL CA 115 0 SPLIT INTEREST TRUSTS (16) CHARITABLE REMAINDER TRUSTS CA T 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 SAN LUIS OBISPO COUNTY COMMUNITY COLLEGE DISTRICT CUESTA COLLEGE B 2428436 SAN LUIS OBISPO COUNTY COMMUNITY COLLEGE DISTRICT CUESTA COLLEGE C 134577