2025-01-16T15:11:31-06:00 2024-08-31 742533381 JAYNES REITMEIER BOYD & THERRELL PC 5400 BOSQUE BLVD STE 600 WACO TX 767104459 990 2023-09-01 746105635 LEE COLLEGE FOUNDATION LEEC 2814256352 511 S WHITING BAYTOWN TX 77520 SELAH TACCONI EXECUTIVE DIRECTOR 2814256352 2025-01-14 1 0 NANCY A LIVINGSTON P00044678 2547764190 2025-01-14 2023 2024-10-15 13:58:12Z SELAH TACCONI 511 S WHITING BAYTOWN TX 77520 3248460 0 X HTTP://WWW.LEE.EDU/FOUNDATION X 1968 TX TO SOLICIT AND RECEIVE DONATIONS, GIFTS, AND GRANTS ON BEHALF OF LEE COLLEGE, ITS DEPENDENTS, AND ITS ACTIVITIES. 0 0 0 0 0 0 954948 2728267 0 0 361935 498413 -47055 -34654 1269828 3192026 947425 1316629 0 0 0 0 0 0 0 383528 698154 1330953 2014783 -61125 1177243 17109281 21607958 122222 825525 16987059 20782433 THE LEE COLLEGE FOUNDATION SHALL PROMOTE THE EDUCATIONAL OPPORTUNITIES AVAILABLE TO THE COMMUNITY BY PROVIDING FINANCIAL SUPPORT FOR LEE COLLEGE STUDENTS, ITS FACULTY AND STAFF AND INITIATIVES THROUGH SOLICITATION AND ACCEPTANCE OF GIFTS, DONATIONS, AND GRANTS. 0 0 1922845 1316629 SCHOLARSHIPS FOR LEE COLLEGE DISTRICT STUDENTS, CAPITAL FACILITIES ASSISTANCE FOR LEE COLLEGE, AND EMERGENCY ASSISTANCE DUE TO COVID-19. 1922845 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 X X THE ORGANIZATION 2814256352 511 S WHITING BAYTOWN TX 77520 GARY ENGLERT CHAIR 3.00 X X 0 0 0 LYNNE FOLEY VICE-CHAIR 3.00 X X 0 0 0 RUSTY SENAC TREASURER 3.00 X X 0 0 0 KRISTY CLAYPOOL DIRECTOR 1.00 X 0 0 0 CARL PICKETT DIRECTOR 1.00 X 0 0 0 CONNIE TILTON SECRETARY 3.00 X X 0 0 0 STEPHEN DONCARLOS DIRECTOR 1.00 X 0 0 0 DON COFFEY DIRECTOR 1.00 X 0 0 0 SANDRA DUREE DIRECTOR 1.00 X 0 0 0 JENNIFER MARCONTELL DIRECTOR 1.00 X 0 0 0 JUDY WHEAT DIRECTOR 1.00 X 0 0 0 GINA GUILLORY DIRECTOR 1.00 X 0 0 0 GILBERT SANTANA DIRECTOR 1.00 X 0 0 0 LAURIE TERRY DIRECTOR 1.00 X 0 0 0 MACIE SCHUBERT DIRECTOR 1.00 X 0 0 0 PAM WARFORD DIRECTOR 1.00 X 0 0 0 CORY CREDEUR DIRECTOR 1.00 X 0 0 0 RYAN DAGLEY DIRECTOR 1.00 X 0 0 0 SANDY JANACEK DIRECTOR 1.00 X 0 0 0 SUZANNE HEINRICH DIRECTOR 1.00 X 0 0 0 ROY FULLER DIRECTOR 1.00 X 0 0 0 DIRK PERRIN DIRECTOR 1.00 X 0 0 0 SELAH TACCONI EXECUTIVE DIRECTOR 32.00 X 92335 0 10436 92335 0 10436 0 0 0 0 0 129220 2599047 606216 2728267 188504 188504 309909 0 309909 309909 309909 21780 129220 56434 -34654 -34654 3192026 0 0 463759 1316629 1316629 11770 11770 49733 49733 3811 3811 CLASSROOM EQUIPMENT 606216 606216 OTHER 24944 24944 CONTRACT SERVICES 1680 1680 2014783 1922845 91938 0 857227 1458267 2595187 3589047 6200 0 13632 24314 13637035 16536330 17109281 21607958 3005 4210 78025 108137 41192 713178 122222 825525 X 940736 1359627 16046323 19422806 16987059 20782433 17109281 21607958 1177243 2618131 0 X X 0 1 X 1 0 X 886881 660140 1892951 954948 2728267 7123187 886881 660140 1892951 954948 2728267 7123187 2508483 4614704 158833 148182 148777 361935 498413 1316140 83 83 8439410 0.54680 0.61680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16046323 2600969 2748749 1923502 49733 19422806 14903966 770605 1360292 945645 42895 16046323 15787580 1788843 -1657351 970183 44923 14903966 13363196 567833 2735752 834455 44746 15787580 12548017 629576 1270426 1041657 43166 13363196 0.44740 0.46440 0.08820 0 0 0 DUE TO AFFILIATED ORGANIZATION 713178 713178 X 6184364 2618131 423940 3042071 3142293 49733 49733 3192026 2388990 423940 423940 1965050 49733 49733 2014783 PART V, LINE 4: PERMANENTLY RESTRICTED ENDOWMENTS MAY BE EXPENDED FOR PURPOSES STIPULATED BY THE DONOR. INCOME FROM PERMANENTLY RESTRICTED ASSETS ARE RECORDED IN TEMPORARILY RESTRICTED ASSETS AND AVAILABLE FOR SCHOLARSHIPS FOR LEE COLLEGE STUDENTS. PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS GENERALLY NOT SUBJECT TO FEDERAL INCOME TAX. THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN THE RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE FOUNDATION RECORDS INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN MANAGEMENT AND GENERAL EXPENSES. GALA 151000 129220 21780 36450 19984 151000 129220 21780 36450 19984 56434 -34654 0 LEE COLLEGE DISTRICT PO BOX 0818 BAYTOWN TX 77522 746025566 0 1316629 SCHOLARSHIPS FOR LEE COLLEGE DISTRICT STUDENTS AND FOR CAPITAL FACILITIES IMPROVEMENTS. PART I, LINE 2: GRANT FUNDS ARE RECEIVED IN THE FOUNDATION OFFICE AND ARE DIRECTED TO THE APPROPRIATE ACCOUNT BY THE EXECUTIVE DIRECTOR OF THE FOUNDATION. THE FOUNDATION OFFICE PROVIDES A LIST OF STUDENTS WHO HAVE BEEN AWARDED GRANTS TO THE FINANCIAL AID OFFICE TO POST AND ADMINISTER SCHOLARSHIP FUNDS. RECONCILIATIONS ARE MADE EACH FALL AND SPRING TO ASCERTAIN THAT STUDENTS AWARDED SCHOLARSHIPS HAVE ENROLLED, RECEIVED APPROPRIATE FUNDS, AND THAT GPA AND OTHER DONOR DIRECTIVES HAVE BEEN FULFILLED. THE BOARD OF TRUSTEES SETS PARAMETERS ON THE AMOUNT TO BE AWARDED TO STUDENTS BASED ON EARNINGS OF THE PORTFOLIO. ALL CONTRIBUTIONS RECEIVED AND SCHOLARSHIPS AWARDED ARE REPORTED TO THE TRUSTEES AT THE BI-MONTHLY MEETINGS. IN ADDITION, THE FOUNDATION PROVIDES CAPITAL FACILITIES ASSISTANCE AND EMERGENCY ASSISTANCE TO THE LEE COLLEGE DISTRICT. X CLASSROOM EQUIPMENT 3 606216 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER JUDY WHEAT IS THE MOTHER OF BOARD MEMBER GARY ENGLERT. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE BOARD OF TRUSTEES REVIEWS AN ELECTRONIC COPY AND APPROVES THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICT OF INTEREST POLICY TRUSTEES SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT FORM 990, PART VI, SECTION B, LINE 15A THE SALARY FOR THE EXECUTIVE DIRECTOR IS PAID BY LEE COLLEGE AND IS ESTABLISHED BY THE SALARY TABLES THE COLLEGE USES FOR ALL COMPENSATION. THE AMOUNT REPORTED IS BASED ON THE PERCENTAGE OF TIME SPENT WORKING ON FOUNDATION ACTIVITIES. SELAH TACCONI WORKED 60% OF HER TIME ON FOUNDATION ACTIVITIES AND 40% OF HER TIME ON COLLEGE ACTIVITIES. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS, DONOR'S BILL OF RIGHTS, THE LAST FIVE AUDITED FINANCIAL STATEMENTS AND THE LAST FIVE FORMS 990 ARE POSTED ON THE WEBSITE. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM LAST YEAR.