2025-06-04T11:16:53-05:00 2024-08-31 994625061 CRI ADVISORS LLC TWO RIVERWAY 15TH FLOOR HOUSTON TX 77056 990 2023-09-01 741885205 HOUSTON COMMUNITY COLLEGE FOUNDATION HOUS 7137188596 3100 MAIN STREET HOUSTON TX 77002 KAREN L SCHMIDT PRESIDENT 7134836518 2025-05-16 1 1 KRISTEN SIMPSON P01268482 7136218090 2025-05-16 2023 2025-03-06 01:10:19Z KAREN L SCHMIDT 3100 MAIN STREET HOUSTON TX 77002 15582057 0 X WWW.HCCSFOUNDATION.ORG X 1976 TX EMPOWERS HCC STUDENT SUCCESS THROUGH PHILANTHROPIC SUPPORT, ALIGNED WITH HCC INITIATIVES. 26 26 0 0 0 0 7181356 6593382 0 0 470247 1357700 120618 207762 7772221 8158844 4451404 4589401 0 0 0 0 0 25804 500672 2163945 1449777 6615349 6064982 1156872 2093862 20394884 24261971 711494 1730348 19683390 22531623 HCC FOUNDATION EMPOWERS HCC STUDENT SUCCESS THROUGH PHILANTHROPIC SUPPORT, ALIGNED WITH KEY HCC INSTITUTIONAL INITIATIVES. 0 0 1166036 1148557 STUDENT SCHOLARSHIPS AND ENDOWMENTS: THE HCC FOUNDATION HAS AWARDED THOUSANDS OF SCHOLARSHIPS TO DESERVING HCC STUDENTS. OUR FUNDRAISING EFFORTS ARE RAPIDLY EXPANDING, AND WE EXPECT TO AWARD MANY MORE SCHOLARSHIPS TO HOUSTON-AREA STUDENTS IN THE COMING YEARS. THE FOUNDATION'S LONG-TERM GOAL IS TO BUILD A SCHOLARSHIP ENDOWMENT SUFFICIENT TO AWARD A SCHOLARSHIP TO ALL HCC CREDIT-HOUR STUDENTS WHO QUALIFY FOR ASSISTANCE AS THEY BEGIN THEIR COLLEGE CAREER. 4187886 3440844 CAPITAL PROJECTS AND PROGRAM SUPPORT:THE HCC FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO SELECTED HCC PROGRAMS AND CAPITAL PROJECTS.FACULTY GRANTS AND AWARDS:THE HCC FOUNDATION RECOGNIZES OUR FACULTY MEMBERS' KEY ROLE IN ACHIEVING HCC'S MISSION. WE SUPPORT THEIR EFFORTS BY PROVIDING GRANTS FOR PROJECTS THAT HAVE THE POTENTIAL TO ADVANCE STUDENT LEARNING AT HCC. MANY FACULTY PROPOSALS REQUEST THE FOUNDATION'S FINANCIAL SUPPORT FOR PROFESSIONAL ENRICHMENT OPPORTUNITIES AND PROJECTS TO ENHANCE HCC LEARNING ENVIRONMENTS. 5353922 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 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X X KAREN L SCHMIDT 7137188596 3100 MAIN STREET 12TH FLOOR HOUSTON TX 77002 X MELISSA VELA DIRECTOR 0.50 X 0 0 0 CECELIA ALLEN TREASURER 0.50 X X 0 0 0 DR ANTRECE L BAGGETT VICE CHAIR OF FUNDRAISING 0.50 X X 0 0 0 EDWARD FIERRO VICE CHAIR OF GOVERNANCE 0.50 X X 0 0 0 JEANNE M PERDUE SECRETARY 0.50 X X 0 0 0 RYAN MCCAULEY BOARD CHAIR 0.50 X X 0 0 0 TRACY JANDA VICE CHAIR OF BOARD RELATI 0.50 X X 0 0 0 AL M PAYTON DIRECTOR 0.50 X 0 0 0 ARTURO G MICHEL DIRECTOR 0.50 X 0 0 0 JESSICA HERBST DIRECTOR 0.50 X 0 0 0 MOISES LOPEZ DIRECTOR 0.50 X 0 0 0 DAVID D ITZ DIRECTOR 0.50 X 0 0 0 DAVID REGENBAUM IMMEDIATE PAST CHAIR 0.50 X 0 0 0 DOUG HOHERTZ DIRECTOR 0.50 X 0 0 0 DR EDDIE L PATTON JR DIRECTOR 0.50 X 0 0 0 DR MARY LAWSON DIRECTOR 0.50 X 0 0 0 JUANITA S PARKER DIRECTOR 0.50 X 0 0 0 JAVEED GIRE DIRECTOR 0.50 X 0 0 0 JENNIFER WALDNER GRANT DIRECTOR 0.50 X 0 0 0 JOSEPH AVILA DIRECTOR 0.50 X 0 0 0 LONA MCMANUS DIRECTOR 0.50 X 0 0 0 KIM SHELTON-BROWN DIRECTOR 0.50 X 0 0 0 SARA MONTELONGO-OYERVIDEZ DIRECTOR 0.50 X 0 0 0 NICOLE RILEY DIRECTOR 0.50 X 0 0 0 DARRELL S MORRIS DIRECTOR 0.50 X 0 0 0 VANESSA CARTER DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 449004 6144378 754362 6593382 724370 724370 7851964 7218634 633330 633330 633330 204579 449004 204579 0 VENDING INCOME 611600 207762 207762 207762 8158844 207762 0 1357700 4589401 4589401 29936 29936 25804 25804 74177 74177 60088 37330 22758 67178 24912 21127 21139 102009 12953 8873 80183 15600 5788 4906 4906 23636 8770 7433 7433 14287 14287 IN-KIND EQUIPMENT 522503 522503 FUNDRAISING EXPENSES 225115 225115 OTHER IN-KIND ITEMS 133476 91212 42264 IN-KIND BOOKS & ART SUP 98383 98383 83389 26606 56783 6064982 5353922 210388 500672 272158 778864 1603556 2050587 1003226 1426668 126546 70597 17389398 19935255 20394884 24261971 711494 1216217 0 514131 711494 1730348 X 281516 612246 19401874 21919377 19683390 22531623 20394884 24261971 X 2093862 1266525 -512154 0 X 0 1 X 1 0 X 4124255 6049379 6468161 7181356 6593382 30416533 4124255 6049379 6468161 7181356 6593382 30416533 5918494 24498039 459116 1226589 442256 537096 724370 3389427 122500 9505 66993 120618 207762 527378 34333338 0.71350 0.68620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14750827 374462 2312367 336829 17100827 13655739 258441 1120204 283557 14750827 15270382 259779 -1809516 64906 13655739 12486608 124477 2718682 59385 15270382 11376908 210786 955922 57008 12486608 0.66940 0.33060 0 0 0 X 11113627 1266525 1762435 3028960 8084667 74177 74177 8158844 7753240 1762435 1762435 5990805 74177 74177 6064982 PART V, LINE 4: THE FOUNDATION HAS A DONOR-RESTRICTED ENDOWMENT FUND WHICH IS MAINTAINED IN ACCORDANCE WITH EXPLICIT DONOR STIPULATIONS. THE FOUNDATION IS SUBJECT TO THE TEXAS UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (THE ACT) WHICH HAS BEEN ENACTED BY THE STATE OF TEXAS. THE BOARD OF DIRECTORS OF THE FOUNDATION HAS INTERPRETED THE ACT AS REQUIRING A FOCUS ON THE ENTIRETY OF A DONOR RESTRICTED ENDOWMENT FUND, INCLUDING THE ORIGINAL GIFT AMOUNT AND NET APPRECIATION. THE ACT PROVIDES GUIDELINES ABOUT WHAT CONSTITUTES PRUDENT SPENDING AND EXPLICITLY REQUIRES CONSIDERATION OF PRESERVATION OF THE FUND. AS A RESULT OF THIS INTERPRETATION, THE FOUNDATION CLASSIFIES THE AMOUNT SPECIFIED BY EXPLICIT DONOR STIPULATION AS AN ENDOWMENT AS PERMANENTLY RESTRICTED NET ASSETS. THIS AMOUNT IS NOT REDUCED BY LOSSES ON INVESTMENTS IN THE ENDOWMENT FUND OR BY APPROVED APPROPRIATIONS FOR EXPENDITURE FROM THE FUND. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS A PUBLICLY SUPPORTED ORGANIZATION AS DEFINED IN THE INTERNAL REVENUE CODE, SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI). ACCORDINGLY, THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF AUGUST 31, 2024 AND 2023, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. X 1 DINI SPHERIS 2727 ALLEN PKWY STE 1650 HOUSTON TX 77019 EVENT CONSULTING 0 0 10000 0 ENERGY CONFERENCE NETWORK 440 COBIA DR STE 2004 KATY TX 77494 EVENT MANAGEMENT 0 0 11291 0 21291 GALA 653583 449004 204579 150492 30767 23320 653583 449004 204579 150492 30767 23320 204579 0 1 SCHOLARSHIPS GIVEN TO STUDENTS WITH FINANCIAL NEED 790 4589401 SCHEDULE I, PART I, LINE 2: THE FOUNDATION USES CRITERIA THAT ARE SET BY SPECIFIC DONORS WHEN SELECTING THE RECIPIENTS OF SCHOLARSHIPS. SOME OF THE COMMON CRITERIA ARE MAJOR CONCENTRATION, HOURS ENROLLED AND/OR COMPLETED, GPA AND MAY BE SUBJECT TO REVIEW BY A SCHOLARSHIP COMMITTEE. X 65123 FAIR MARKET VALUE X EQUIPMENT 1 522503 FAIR MARKET VALUE X OTHER DONATED ITEMS 1 91212 FAIR MARKET VALUE X GALA AUCTION ITEMS 1 42264 FAIR MARKET VALUE X ART SUPPLIES 1 33260 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 HCCF IS ORGANIZED AS A NON PROFIT CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE PROVIDED TO THE PRESIDENT FOR REVIEW. ONCE THE REVIEW IS COMPLETED THE PRESIDENT WILL SUPPLY THE 990 TO THE FULL BOARD OF DIRECTORS DURING THE NORMAL COURSE OF BUSINESS. FORM 990, PART VI, SECTION B, LINE 12C THERE IS AN ANNUAL DISCLOSURE FORM THAT IS REQUIRED TO BE COMPLETED BY ALL WHO ARE AFFECTED. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION DETERMINES COMPENSATION BY USING COMPARISONS OF SIMILARLY SIZED ORGANIZATIONS TO DETERMINE A GOING MARKET RATE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS ORGANIZING DOCUMENTS AND 990S AVAILABLE THROUGH WRITTEN REQUESTS TO THE ORGANIZATION. THE 990S ARE ALSO AVAILABLE VIA THE ORGANIZATIONS WEBSITE AS WELL AS THROUGH THIRD PARTY WEBSITES SUCH AS, GUIDESTAR. PART XI RECONCILIATION OF NET ASSETS LINE 8 PRIOR PERIOD ADJUSTMENT THE FOUNDATION RECEIVES AMOUNTS FROM DONORS FOR SCHOLARSHIPS WHICH ARE TO BENEFIT SPECIFIC STUDENTS AS IDENTIFIED BY THE DONORS (PRIVATE SCHOLARSHIPS). DURING FISCAL YEAR 2024, THE FOUNDATION DETERMINED THAT THESE RECEIPTS MORE APPROPRIATELY REPRESENT AGENCY TRANSACTIONS AS THE DONORS DETERMINE THE SPECIFIC STUDENT RECIPIENTS OF THE SCHOLARSHIP, THE E FOUNDATION DOES NOT HAVE VARIANCE POWER, AND ANY UNUSED AMOUNTS ARE REFUNDED TO THE ORIGINAL PROVIDER. AS A RESULT, THE EFFECT OF THE CORRECTION WAS TO RECORD A REDUCTION IN REVENUES AND EXPENSES AND A LIABILITY FOR THE AMOUNTS HELD BY THE FOUNDATION NOT YET DISTRIBUTED TO THE STUDENTS OR RETURNED TO THE DONORS. THE EFFECT OF THE REINSTATEMENT ON THE CHANGE IN NET ASSETS WITH DONOR RESTRICTIONS AND FINANCIAL POSITION AS OF THE END OF THE YEAR ENDED AUGUST 31, 2023 AND TEH REPORTED CHANGE OF AN INCREASE IN LIABILITY - HELD ON BEHALF OF DONORS FOR PRIVATE SCHOLARSHIPS AND RELATED CHANGE IN NET ASSETS OF $512,154. HOUSTON COMMUNITY COLLEGE SYSTEM 3100 MAIN ST HOUSTON TX 77002 EDUCATION TX 501(C)(3) 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 HOUSTON COMMUNITY COLLEGE K 15600 FMV HOUSTON COMMUNITY COLLEGE P 1762435 FMV