2025-01-28T13:52:19-06:00 2024-06-30 262350873 CALIBER AUDIT & ATTEST LLP 805 AEROVISTA PLACE SUITE 103 SAN LUIS OBISPO CA 93401 990 2023-07-01 237225601 CUESTA COLLEGE FOUNDATION CUES 8055463279 PO BOX 8106 SAN LUIS OBISPO CA 93403 SHANNON HILL EXECUTIVE DIRECTOR 8055463279 2025-01-22 1 0 BETH OWEN P01491944 8058880200 2023 2025-03-06 01:10:19Z SHANNON HILL CUESTA COLLEGE HWY 1 SAN LUIS OBISPO CA 93405 6192417 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. 32 26 0 120 0 0 3429221 2023896 0 0 1266274 1659990 289892 469027 4985387 4152913 2428436 2629661 0 0 0 0 0 0 159356 977836 947639 3406272 3577300 1579115 575613 49002494 53774681 1618754 1787275 47383740 51987406 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 1013205 1013205 FUNDS PROVIDED TO COLLEGE DEPARTMENTS FOR INSTRUCTIONAL MATERIALS AND SUPPORT OF COLLEGE PROGRAMS. 1336476 1336476 PROVIDE SCHOLARSHIPS FOR CUESTA COLLEGE STUDENTS. 279980 279980 FUNDS FOR CAPITAL EXPENDITURES THAT THE COLLEGE INCCURS. 104500 DEPRECATION RELATED TO AIRCRAFT USED IN MAINTENCE PROGRAM 104500 2734161 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 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 5 0 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 32 26 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 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 160476 48345 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 MARY E HOWELL 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 78007 31509 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 127256 34894 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 302505 69478 DARIUS JONES STUDENT REPRESENTATIVE 1.00 X 0 2713 0 ZACH STEVER STUDENT REPRESENTATIVE 1.00 X 0 1260 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 163940 54407 RICK CAMARILLO DR FDN FISCAL SERVICES, NO 40.00 X 0 131272 49796 JESSICA STRANO DIRECTOR OF PHILANTHROPY 40.00 X 0 109293 31659 KATIE OSMAN DIRECTOR OF PHILANTHROPY 40.00 X 0 108868 40066 ELIZABETH CORIA DIRECTOR - FORMER 0.00 40.00 X 0 225193 58612 STACY MILLICH DIRECTOR - FORMER 0.00 40.00 X 0 124435 41160 DAN TROY DIRECTOR - FORMER 0.00 40.00 X 0 225193 61843 JASON CURTIS DIRECTOR - FORMER 0.00 40.00 X 0 223362 45842 JOHN KNUTSON DIRECTOR - FORMER 0.00 40.00 X 0 164131 50744 MONICA MILLARD DIRECTOR - FORMER 0.00 40.00 X 0 148926 45070 MELISSA RICHERSON DIRECTOR - FORMER 0.00 40.00 X 0 225193 74263 0 2524951 737688 0 1 1 0 0 679 218492 1804725 271201 2023896 1289004 1289004 2391185 2020199 370986 370986 370986 33517 679 19305 14212 14212 SPLIT INTEREST AGREEMENTS 611210 428444 428444 SPONSORSHIP/ADVERTISEMENT REVENUE 611210 25590 25590 MISC INCOME 611210 781 781 454815 4152913 454815 0 1674202 2629661 2629661 658082 589395 68687 37705 37705 4838 4838 27925 998 26927 38042 32445 5597 7207 7207 24418 12267 12151 16929 3301 13628 18041 2550 15491 104500 104500 BANK FEES 5122 5122 DUES AND MEMBERSHIPS 4830 4830 3577300 2734161 683783 159356 155901 211199 5473795 6165685 182857 233890 116204 2750 2750 114559 106099 1100000 156750 1047750 943250 37916712 41869808 3991966 4242000 49002494 53774681 673337 805829 350000 350000 595417 631446 1618754 1787275 X 2003996 2540708 45379744 49446698 47383740 51987406 49002494 53774681 575613 4028053 0 X X 0 1 X 1 0 X 2399025 2290394 3746525 3749682 2057413 14243039 2399025 2290394 3746525 3749682 2057413 14243039 2896207 11346832 1019944 959699 962202 1082556 1289004 5313405 19556444 0.58020 0.58300 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 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. 37671715 412980 5355803 -1854170 41586328 32745827 1510285 3905049 -489446 37671715 38518773 1670351 -5696108 -1747189 32745827 30522712 654689 8844721 -1503349 38518773 29883123 1430604 721063 -1512078 30522712 0.42770 0.57230 1 0 1100000 156750 943250 943250 OUTSIDE INVESTMENTS 133250 OTHER ASSET - BOND 32824 PERPETUAL TRUSTS 4075926 4242000 X 8437871 4028053 237600 19305 4284958 4152913 0 4152913 3834205 237600 19305 256905 3577300 0 3577300 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, 2024 AND 2023, 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 19,305. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSE OF GAMING AND SPECIAL EVENTS 19,305. 51ST ANNIVERSARY 33068 679 32389 679 7226 11400 2 1128 1128 34196 679 33517 679 7226 11400 19305 14212 CA 1 0 0 0 0 0 0 SAN LUIS COMMUNITY COLLEGE DISTRICT - CUESTA COLLEGE HIGHWAY 1 SAN LUIS OBISPO CA 93403 522018681 115 1336476 0 FUNDING OF SCHOLARSHIPS FOR CUESTA COLLEGE STUDENTS SAN LUIS COMMUNITY COLLEGE DISTRICT - CUESTA COLLEGE HIGHWAY 1 SAN LUIS OBISPO CA 93403 522018681 115 279980 137152 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 876053 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 302505 0 0 0 0 0 57778 0 11700 0 371983 0 0 MELISSA RICHERSON DIRECTOR - FORMER 0 225193 0 0 0 0 0 58663 0 15600 0 299456 0 0 DAN TROY DIRECTOR - FORMER 0 225193 0 0 0 0 0 58663 0 3180 0 287036 0 0 ELIZABETH CORIA DIRECTOR - FORMER 0 225193 0 0 0 0 0 43012 0 15600 0 283805 0 0 JASON CURTIS DIRECTOR - FORMER 0 223362 0 0 0 0 0 42662 0 3180 0 269204 0 0 SHANNON HILL EXECUTIVE DIRECTOR, NON-VO 0 163940 0 0 0 0 0 42707 0 11700 0 218347 0 0 JOHN KNUTSON DIRECTOR - FORMER 0 164131 0 0 0 0 0 34064 0 16680 0 214875 0 0 SILVIO FAVORETO DIRECTOR 0 160476 0 0 0 0 0 39534 0 8811 0 208821 0 0 MONICA MILLARD DIRECTOR - FORMER 0 148926 0 0 0 0 0 34312 0 10758 0 193996 0 0 RICK CAMARILLO DR FDN FISCAL SERVICES, NO 0 131272 0 0 0 0 0 34196 0 15600 0 181068 0 0 STACY MILLICH DIRECTOR - FORMER 0 124435 0 0 0 0 0 32349 0 8811 0 165595 0 0 ERICH TUCKER DIRECTOR 0 127256 0 0 0 0 0 26083 0 8811 0 162150 0 0 X 3 5500 FAIR MARKET VALUE X 2 9990 FAIR MARKET VALUE X 11 138434 FAIR MARKET VALUE X HANGER SUPPLIES 1 102169 FAIR MARKET VALUE X MISCELLANEOUS ITEMS 25 14568 FAIR MARKET VALUE X SANITATION 1 5604 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 2629661 SAN LUIS OBISPO COUNTY COMMUNITY COLLEGE DISTRICT CUESTA COLLEGE C 146953