2025-04-16T17:54:43-05:00 2024-06-30 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2023-07-01 237315006 CLARK COLLEGE DISTRICT 14 FOUNDATION CLAR 3609922301 1933 FORT VANCOUVER WAY CCF039 VANCOUVER WA 98663 CALEN OUELLETTE CEO 3609922301 2025-04-16 1 1 WENDY CAMPOS P00448102 5032421447 2025-04-16 2023 2025-03-06 01:10:19Z CLARK COLLEGE FOUNDATION CALEN OUELLETTE 1933 FORT VANCOUVER WAY CCF039 VANCOUVER WA 98663 23868850 0 X WWW.CLARKCOLLEGEFOUNDATION.ORG X 1973 WA CLARK COLLEGE FOUNDATION EXISTS TO PROVIDE FUNDING FOR FACILITIES, PROGRAMS, AND STUDENT NEEDS AT CLARK COLLEGE. IN ORDER TO MAINTAIN CLARK'S EXCELLENCE, THE FOUNDATION SEEKS PRIVATE FUNDING TO SUPPLEMENT GOVERNMENT SUPPORT; MAXIMIZE STUDENT ACCESS TO EDUCATION PROGRAMS AND SERVICES; AND TO CULTIVATE COMMUNITY, BUSINESS, AND GOVERNMENTAL PARTNERSHIPS FOR THE BENEFIT OF THE COLLEGE. 14 13 29 31 3927 0 2317317 2718570 161543 166818 3841853 3094513 -38151 32927 6282562 6012828 2121307 2656886 0 0 2246892 2346320 0 0 1552703 2179512 2374713 6547711 7377919 -265149 -1365091 117440861 120608327 2630675 3066705 114810186 117541622 X CLARK COLLEGE FOUNDATION INSPIRES THE JOY OF PHILANTHROPY IN SUPPORT OF STUDENT SUCCESS AND PROGRAM EXCELLENCE AT CLARK COLLEGE. 0 0 931515 931515 GENERAL PROGRAM FUNDING, VOCATIONAL PROGRAM FUNDING, AND CAPITAL SUPPORT FROM THE FOUNDATION SUPPORTS THE MISSION OF CLARK COLLEGE TO GUIDE INDIVIDUALS TO ACHIEVE THEIR EDUCATIONAL AND PROFESSIONAL GOALS.EXPENDITURES INCLUDED EQUIPMENT AND FURNISHINGS, FUNDS FOR CULINARY RENNOVATION PAYMENTS, SOFTWARE, COMPUTER UPGRADES, AND PROFESSIONAL DEVELOPMENT & CONTINUING EDUCATION FOR COLLEGE FACULTY AND STAFF. 1665955 1665955 SCHOLARSHIPS AND EMERGENCY GRANTS AWARDED TO CLARK COLLEGE STUDENTS. SCHOLARSHIPS SUPPORT STUDENTS IN REACHING THEIR EDUCATIONAL GOALS AND MAKE IT POSSIBLE, IN MANY CASES, FOR STUDENTS TO RECEIVE A COLLEGE EDUCATION THEY COULD NOT OTHERWISE AFFORD. THE FOUNDATION ENSURES DONOR GUIDELINES ESTABLISHED FOR EACH SCHOLARSHIP FUND ARE FOLLOWED IN AWARDING SCHOLARSHIPS. 1301951 59416 DIRECT PROGRAM EXPENDITURES INCLUDE SUPPORT FOR PROGRAMS INCLUDING SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS, BUSINESS, BUSINESS TECHNOLOGY, PROFESSIONAL & TECHNICAL PROGRAMS, COMPUTERS & DIGITAL, HEALTH CARE, CULINARY, AND ARTS & HUMANITIES. SUPPORT IS ALSO PROVIDED FOR VETERANS CENTER OF EXCELLENCE, INTERNATIONAL PROGRAMS, DIVERSITY, EQUITY & INCLUSION INITIATIVES, LIBRARY AND E-LEARNING SERVICES. FUNDING ORIGINATES FROM ENDOWMENT DISTRIBUTIONS AS WELL AS DONATIONS TO DEPARTMENTS AND PROGRAMS. 941032 166818 OTHER PROGRAM EXPENDITURES INCLUDE CAPITAL EXPENDITURES ON BEHALF OF CLARK COLLEGE, SCHOLARSHIP MANAGEMENT SERVICES, INVESTMENT MANAGEMENT SERVICES FOR OVER 200 ENDOWMENTS SUPPORTING SCHOLARSHIPS AND COLLEGE PROGRAMS, AND EXPENDITURES IN SUPPORT OF FOSTERING A PARTNERSHIP BETWEEN CLARK COLLEGE AND THE COMMUNITY. 941032 166818 4840453 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 63 0 1 29 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 14 13 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA OR WA X CALEN OUELLETTE CEO 3609922301 1933 FORT VANCOUVER WAY NO CCF039 VANCOUVER WA 98663 CALEN OUELLETTE CHIEF EXECUTIVE OFFICER/CAO 40.00 X X 254231 0 16306 CHEREE NYGARD CHAIR 6.00 X X 0 0 0 DEBORAH BLOM VICE CHAIR 6.00 X X 0 0 0 NANETTE WALKER TREASURER 3.00 X X 0 0 0 LANI ARONSEN DIRECTOR 2.00 X 0 0 0 LEANNE BREMER DIRECTOR 2.00 X 0 0 0 SHARIF BURDZIK DIRECTOR 2.00 X 0 0 0 DR DEVON EBBING DIRECTOR 2.00 X 0 0 0 PATRICK GINN DIRECTOR 2.00 X 0 0 0 GABE JACOBSEN DIRECTOR 2.00 X 0 0 0 BRITTINI LASSEIGNE DIRECTOR 2.00 X 0 0 0 ERIC MERRILL DIRECTOR 2.00 X 0 0 0 ERIKA SARACCO DIRECTOR 2.00 X 0 0 0 BRIAN TAYLOR DIRECTOR 2.00 X 0 0 0 DANIEL ROGERS CPA CHIEF FINANCIAL OFFICER/SECRETARY 40.00 X 165697 0 22730 419928 0 39036 2 0 1 0 0 221 375000 2343349 227584 2718570 OTHER PROGRAM SERVICES 900001 166818 166818 166818 1886737 1886737 19063798 17856022 1207776 1207776 1207776 OTHER INCOME 900099 29000 29000 QUALIFIED PARTNERSHIPS 525990 3927 3927 32927 6012828 166818 3927 3123513 X 990931 990931 1665955 1665955 460564 167751 227499 65314 1526607 429389 353660 743558 41182 11205 8306 21671 179397 53318 48575 77504 138570 41529 40047 56994 32686 7621 7349 17716 61518 18437 17779 25302 174121 87060 87061 792835 592491 27179 173165 1460 1460 580514 398760 20549 161205 101265 4862 96403 125263 74305 23938 27020 28556 28556 38584 8933 17392 12259 CATERING & MEETINGS 160838 77612 54896 28330 STAFF DEVELOPMENT 94206 77440 2146 14620 MAINTENANCE & REPAIR 55325 40451 6138 8736 AWARDS & SPONSORSHIPS 46790 44900 1890 80752 52365 8831 19556 7377919 4840453 984763 1552703 322468 10809 287574 175729 1700749 1094430 171026 156722 21043 14775 216314 299348 10919257 545828 10392477 10373429 57029702 61250959 42287102 41409262 5012406 5822864 117440861 120608327 1118376 1399771 1512299 1666934 2630675 3066705 X 31012690 32212354 83797496 85329268 114810186 117541622 117440861 120608327 X -1365091 3789325 307202 X 0 1 X 1 0 X 3375008 3413871 5351921 2317317 2718570 17176687 58085 58085 58085 58085 58085 290425 3433093 3471956 5410006 2375402 2776655 17467112 2031309 15435803 894021 803146 961335 1422620 1886737 5967859 32337 122982 0 155319 29000 29000 23619290 573009 0.65350 0.56790 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77922951 463364 5332271 1257414 166549 2660529 79634094 74020131 1123288 6743659 1329353 351458 2283315 77922951 81478949 3088702 -6805311 1216376 325478 2200355 74020131 64630667 811255 19605584 1014852 481768 2071937 81478949 68107523 1420398 -973740 1423618 479645 2020251 64630667 0.14000 0.86000 0.00000 0 0 10262846 10262846 569011 484598 84413 87400 61230 26170 10373429 OTHER INVESTMENTS 41409262 F 41409262 SPLIT INTEREST AGREEMENTS 1666934 1666934 X 9993319 3789325 58085 311129 4158539 5834780 174121 3927 178048 6012828 7261883 58085 58085 7203798 174121 174121 7377919 PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FINANCIAL STATEMENT FOOTNOTE - THE FOUNDATION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE FOUNDATION HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2024 OR 2023. NO INTEREST AND PENALTIES HAVE BEEN ACCRUED FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. THE FOUNDATION FILES AN EXEMPT ORGANIZATION RETURN AND UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND UNRELATED BUSINESS INCOME TAX RETURNS IN VARIOUS STATE JURISDICTIONS WHEN REQUIRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPLIT INTEREST GIFT REVENUE 311,129. PART XI, LINE 4B - OTHER ADJUSTMENTS: PASSTHROUGH INCOME 3,927. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 18353000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 1391000 0 0 0 0 0 0 19744000 0 19744000 1 0 1 1 1 0 1 CLARK COLLEGE 1933 FORT VANCOUVER WAY VANCOUVER WA 98663 910824167 WASHINGTON STATE 990931 0 PROGRAM AND CAPITAL SUPPORT 1 0 ATHLETIC SCHOLARSHIPS TO CLARK COLLEGE STUDENTS 87 93790 EMERGENCY GRANTS TO CLARK COLLEGE STUDENTS 1761 90348 64378 FAIR MARKET VALUE RENTAL ASSISTANCE, FOOD & GAS MERIT-BASED SCHOLARSHIPS TO CLARK COLLEGE STUDENTS 636 1082721 NEED-BASED AWARDS TO CLARK COLLEGE STUDENTS 195 224334 PERFORMANCE AWARDS TO CLARK COLLEGE STUDENTS 248 110384 PART I, LINE 2: THE BOARD OF DIRECTORS APPROVES GRANTS TO CLARK COLLEGE BASED ON PROGRAM AND CAPITAL SUPPORT NEEDS. PAYMENTS ARE MADE DIRECTLY TO OR ON BEHALF OF THE COLLEGE BASED ON THOSE NEEDS. THE FOUNDATION PROVIDES GRANTS, SCHOLARSHIPS AND AWARDS TO STUDENTS WHO MEET THE AWARDING CRITERIA AND ARE ENROLLED IN COURSES PROVIDED BY THE COLLEGE. SHOULD STUDENTS FAIL TO MEET THE AWARDING CRITERIA, THE FUNDS ARE REALLOCATED BASED UPON THE INDIVIDUAL AWARD OR GRANT CRITERIA. COMMITTEES AND FOUNDATION MANAGEMENT OVERSEE THE AWARDING PROCESS AND SUBSEQUENT MONITORING. X 1 1 X X 0 0 0 0 0 0 0 0 0 CALEN OUELLETTE CHIEF EXECUTIVE OFFICER/CAO 229231 0 25000 0 0 0 10315 0 5991 0 270537 0 0 0 DANIEL ROGERS CPA CHIEF FINANCIAL OFFICER/SECRETARY 150697 0 15000 0 0 0 6707 0 16023 0 188427 0 0 0 PART I, LINE 1A A MEMBERSHIP TO ROYAL OAKS COUNTRY CLUB IS PROVIDED TO THE CHIEF EXECUTIVE OFFICER. THE MEMBERSHIP IS USED FOR DOCUMENTED BUSINESS PURPOSES ONLY AND THE VALUE OF THE MEMBERSHIP IS THEREFORE NOT INCLUDED IN THE CHIEF EXECUTIVE OFFICER'S TAXABLE COMPENSATION. X 2 1450 FAIR MARKET VALUE X 761 FAIR MARKET VALUE X 500 FAIR MARKET VALUE X 1 10079 AVERAGE HIGH/LOW QUOTE X 1 208051 APPRAISED VALUE X EQUIPMENT 2 15339 FAIR MARKET VALUE X ART SUPPLIES 1 513 FAIR MARKET VALUE X FLAT FILE 1 500 FAIR MARKET VALUE X EVENT TICKETS 2 470 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT REPRESENTS THE NUMBER OF ACTUAL CONTRIBUTIONS RECEIVED AND NOT THE NUMBER OF ITEMS RECEIVED FOR EACH CONTRIBUTION. FORM 990, PART VI, SECTION A, LINE 4 FOUNDATION'S BYLAWS WERE AMENDED DURING THE CURRENT YEAR AS FOLLOWS - ARTICLE 2, SECTION 2 UPDATED THE NUMBER OF BOARD OF DIRECTORS TO CONSIST OF NOT LESS THAN NINE (9) DIRECTORS WHO SHALL BE NOMINATED BY THE BOARD RELATIONS COMMITTEE DESCRIBED IN SECTION 8.2 OF THIS ARTICLE 2 AND ELECTED BY THE BOARD OF DIRECTORS OF THE FOUNDATION. ARTICLE 2, SECTION 8 - COMMITTEES WAS UPDATED TO REMOVE REAL PROPERTY OVERSIGHT COMMITTEE WHILE ADDING THE ALUMNI COMMITTEE. THE NUMBER OF BOARD MEMBERS ON DEVELOPMENT, BOARD RELATIONS, AND INVESTMENT COMMITTEES WAS REMOVED. ARTICLE 5, SECTION 1 DESGINATED THE CHAIR TO SERVE AS THE ROLE OF PRESIDENT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS INITIALLY PREPARED BY THE FOUNDATION'S CFO THEN REVIEWED BY AN INDEPENDENT CPA FIRM. THE FINAL 990 DRAFT IS REVIEWED BY THE FOUNDATION'S CFO, CEO AND FINANCE COMMITTEE. A COPY OF THE FINAL 990 DRAFT IS EMAILED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CODE OF ETHICS AND CONFLICT OF INTEREST STATEMENT ARE PART OF THE SAME FORM THAT IS REVIEWED AND SIGNED BY EACH BOARD MEMBER ANNUALLY. THIS REGULAR EXPOSURE PROVIDES A CONSISTENT REMINDER OF THE POLICY AND THE NECESSITY OF COMPLIANCE. THE FOUNDATION HAS ALWAYS TAKEN GREAT PRIDE IN FOLLOWING GOVERNANCE BEST PRACTICES SO POTENTIAL CONFLICT OF INTERESTS ARE EXPOSED AND EVALUATED. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE LEVEL COMPENSATION IS DETERMINED ANNUALLY THROUGH A SERIES OF ECONOMIC AND MARKET BASED COMPARISONS. FROM AN ECONOMIC STANDPOINT, THE FOUNDATION MANAGES SALARIES AND BENEFITS AS CONSTRAINED BY RESOURCES AVAILABLE THROUGH ENDOWMENT DISTRIBUTIONS AND OTHER UNRESTRICTED RESOURCES AVAILABLE. WHILE THESE ASSESSMENTS ARE BEING CONDUCTED, A MARKET SCAN OF LOCAL AND REGIONAL SALARY DATA IS USED, VIA A CONSULTING FIRM, TO ENSURE MARKET COMPETITIVENESS. FINAL COMPENSATION IS DETERMINED BY THE FOUNDATION'S CEO FOR STAFF AND OTHER EXECUTIVE LEVEL POSITIONS. THE COMPENSATION PACKAGE RECOMMENDATION IS FORWARDED TO THE EXECUTIVE COMMITTEE FOR APPROVAL. THIS COMMITTEE ALSO UTILIZES THE COMPARATIVE DATA TO DETERMINE COMPENSATION FOR THE CEO. FOLLOWING EXECUTIVE COMMITTEE APPROVAL, ALL STAFFING COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS DURING THE FORMAL BUDGET SETTING PROCESS. THE COMPENSATION SETTING PROCESS WAS LAST UNDERTAKEN IN JUNE 2024. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE FOR PUBLIC REVIEW IN THE FOUNDATION OFFICES. FINANCIAL HIGHLIGHTS ARE POSTED ON THE FOUNDATION'S WEBSITE AND FULL AUDITED FINANICAL STATEMENTS ARE AVAILABLE FOR REIVEW UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 592,491. MANAGEMENT AND GENERAL EXPENSES 27,179. FUNDRAISING EXPENSES 173,165. TOTAL EXPENSES 792,835. FORM 990, PART XI, LINE 9: SPLIT INTEREST GIFT REVENUE 311,129. QUALIFIED PARTNERSHIPS -3,927. CLARK COLLEGE FOUNDATION HOLDINGS LLC 1933 FORT VANCOUVER WAY NO CCF039 VANCOUVER WA 98663 HOLDING REAL ESTATE WA 0 0 CLARK COLLEGE FOUNDATION