2025-05-07T10:36:57-05:00 2024-06-30 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2023-07-01 742182257 PIKES PEAK STATE COLLEGE FOUNDATION INC PIKE 7195022039 5675 SOUTH ACADEMY BLVD COLORADO SPRINGS CO 80906 JORDAN AYERS CHAIR 7195022039 2025-05-05 1 1 LISA BURKE P00220718 8169455500 2025-05-05 2023 2025-03-06 01:10:19Z JORDAN AYERS 5675 SOUTH ACADEMY BLVD COLORADO SPRINGS CO 80906 5283880 0 X WWW.PIKESPEAK.EDU X 1980 CO TO RECEIVE, INVEST AND ADMINISTER PROPERTY FOR THE BENEFIT OF PIKES PEAK STATE COLLEGE. 8 8 0 8 0 0 3343784 2520489 0 0 104111 250223 0 0 3447895 2770712 1682668 3493418 0 0 0 0 0 0 19980 35326 109314 1717994 3602732 1729901 -832020 6809266 6364670 727495 766562 6081771 5598108 X THE MISSION OF PIKES PEAK STATE COLLEGE FOUNDATION IS TO ENHANCE THE CAPACITY OF PIKES PEAK STATE COLLEGE TO EDUCATE AND TRAIN ITS STUDENTS BY PROVIDING FINANCIAL SUPPORT FOR STUDENT SCHOLARSHIPS AND SELECTED PROGRAMS AND PROJECTS. 0 0 2430338 2417379 THE PIKES PEAK STATE COLLEGE FOUNDATION ('FOUNDATION') IS THE PHILANTHROPIC ARM OF PIKES PEAK STATE COLLEGE ('PPSC') AND, AS SUCH, RAISES FUNDS FOR STRATEGIC COLLEGE INITIATIVES. INCLUDED IN THE FISCAL 2024 OPERATIONS ARE EQUIPMENT PURCHASES FOR THE DELTA DENTAL ORAL HEALTH CAREER CENTER. THE FOUNDATION BROUGHT IN THE FUNDS TO ALLOW THE PURCHASE OF DENTAL EQUIPMENT BY THE COLLEGE. THESE GRADUATES ARE IN HIGH DEMAND FOR THE PIKES PEAK REGION, A CRITICAL COMPONENT OF PLANS TO ADDRESS DEVASTATING HEALTHCARE WORKFORCE SHORTAGES IN THIS REGION. 1076039 1076039 RECOGNIZING THAT HIGHER EDUCATION IS PROVEN TO BE A HIGHLY EFFECTIVE PATHWAY FROM POVERTY TO ECONOMIC SELF-SUFFICIENCY AND CIVIC PARTICIPATION, THE PPSC FOUNDATION SCHOLARSHIP PROGRAM IS DESIGNED TO PROVIDE MEANINGFUL AND SUSTAINABLE FINANCIAL SUPPORT TO LOW INCOME AND FIRST-GENERATION STUDENTS. THE MAJORITY OF FOUNDATION SCHOLARSHIPS ARE DONOR-DESIGNATED TO FUND STUDENTS WHO ARE COMMITTED TO COMPLETION OF A CAREER-ORIENTED DEGREE OR CERTIFICATE PROGRAM.(CONTINUED ON SCHEDULE O)SCHOLARSHIPS ARE INTENTIONALLY AWARDED TO SUPPORT ENROLLMENT, RETENTION, AND GRADUATION FROM PPSC. SCHOLARSHIP STUDENTS RECEIVE HANDS-ON COACHING AND WRAP-AROUND SUPPORT SERVICES TO HELP THEM SUCCEED AND RESEARCH SHOWS A DRAMATIC INCREASE IN THE PERCENTAGE OF SCHOLARSHIP STUDENTS WHO GRADUATE, TRANSFER, OR STAY IN COLLEGE, PROVIDING A VERY HIGH RATE OF RETURN ON PHILANTHROPIC INVESTMENT. 3506377 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CO X THE ORGANIZATION 7195022039 5675 SOUTH ACADEMY BLVD COLORADO SPRINGS CO 80906 X SHIRLEY STEWART CHAIR 2.00 X X 0 0 0 JORDAN AYERS CHAIR-ELECT 1.00 X X 0 0 0 ANN CESARE VICE CHAIR 2.00 X X 0 0 0 MICHAEL SCHROEDER TREASURER 2.00 X X 0 0 0 CJ MOORE SECRETARY 2.00 X X 0 0 0 STEPHANIE EDWARDS DIRECTOR 1.00 X 0 0 0 DR KENYA LEE DIRECTOR 1.00 X 0 0 0 DANIELLE SUMMERVILLE DIRECTOR 1.00 X 0 0 0 DARLENE MELBY SEE SCH O PPSC VP ADMINISTRATIVE SERVICE/CFO 4.00 X 0 0 0 KELLY RAJAB SEE SCH O DIRECTOR OF FINANCE & OPERATIONS 40.00 X 0 0 0 0 0 0 0 0 0 0 0 837778 1682711 2520489 137293 137293 2626098 2513168 112930 112930 112930 2770712 0 0 250223 2417379 2417379 1076039 1076039 2045 2045 44388 44388 25794 25794 14632 3818 2172 8642 655 655 20520 9141 696 10683 1280 1280 3602732 3506377 76375 19980 169249 200 1698647 1560526 983884 448668 261805 0 1787 1787 0 0 3695681 4352776 2500 6809266 6364670 174540 294679 552955 471883 727495 766562 X -438799 -543481 6520570 6141589 6081771 5598108 6809266 6364670 -832020 348357 0 X X 0 1 X 1 0 X 1687204 1211682 1405935 3343784 2520489 10169094 1687204 1211682 1405935 3343784 2520489 10169094 3735911 6433183 105557 78818 104927 104111 137293 530706 10699800 0.60120 0.77230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6520570 2502819 417260 3299060 6141589 4443815 3342910 259213 1525368 6520570 5231312 1378419 -306736 1859180 4443815 5455809 1210531 592676 2027704 5231312 5404454 1681113 -10964 1618794 5455809 0.00000 0.46504 0.53496 0 0 1787 1787 0 0 X 3453471 348357 360196 708553 2744918 25794 25794 2770712 3937134 360196 360196 3576938 25794 25794 3602732 PART V, LINE 4: THE FOUNDATION HAS RECEIVED GIFTS WHOSE PRINCIPAL AND, IN SOME INSTANCES, USE OF EARNINGS ARE RESTRICTED TO PROVIDE TUITION ASSISTANCE TO STUDENTS ATTENDING THE COLLEGE, AS WELL AS FACULTY DEVELOPMENT AND SPECIAL PROJECTS FOR THE COLLEGE. PART X, LINE 2: THE FOUNDATION IS EXEMPT, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, FROM TAX ON INCOME DERIVED FROM DONATIONS, INCOME GENERATED BY ACTIVITIES CARRIED ON IN FURTHERANCE OF ITS EXEMPT PURPOSE AND CERTAIN OTHER SPECIFIED INCOME AND, IN ADDITION, IS QUALIFIED TO RECEIVE TAX DEDUCTIBLE CONTRIBUTIONS. MANAGEMENT BELIEVES THAT BASED ON EVALUATION OF ITS TAX POSITION, ANY LIABILITY AS A RESULT OF UNCERTAIN TAX POSITIONS WOULD NOT BE MATERIAL. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, CHANGES IN THE TAX LAWS, AND NEW AUTHORITATIVE RULINGS TO ASSIST IN EVALUATING ITS TAX POSITION. THE FOUNDATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THEY ARE FILED. AS OF JUNE 30, 2024, THE INFORMATION RETURNS FOR THREE PRIOR YEARS ARE SUBJECT TO EXAMINATION. 1 PIKES PEAK STATE COLLEGE 5675 S ACADEMY BLVD COLORADO SPRINGS CO 80906 840644769 501(C)(3) 378220 2023159 FMV CAPITAL EQUIPMENT CASH FOR GENERAL OPERATIONS AND CAPITAL EQUIPMENT FOR THE DELTA DENTAL ORAL HEALTH CAREER CENTER 1 0 SCHOLARSHIPS 489 1076039 0 N/A N/A PART I, LINE 2: IN OCTOBER 2022, THE FOUNDATION ENTERED INTO A GRANT AGREEMENT WITH THE DELTA DENTAL FOUNDATION (DDF) TOTALING $2,500,000 (THE "GRANT"). THE FINAL BENEFICIARY OF THE FUNDING, DESIGNATED BY THE GRANT, IS THE PIKES PEAK STATE COLLEGE ("PPSC"). THIS GRANT AIMS TO SUPPORT THE ESTABLISHMENT OF THE DELTA DENTAL ORAL HEALTH CAREER CENTER AND RELATED DENTAL PROGRAMS AT PPSC. SCHOLARSHIPS: THE FOUNDATION PAYS SCHOLARSHIPS DIRECTLY TO PPSC FOR THE BENEFIT OF THE STUDENTS. THE FOUNDATION VERIFIES STUDENT ENROLLMENT AND GPA PRIOR TO AWARDING A GRANT. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIRPERSON, CHAIRPERSON-ELECT, SECRETARY, AND TREASURER. IN ADDITION, THE PRESIDENT, THE CHIEF DEVELOPMENT OFFICER AND THE DIRECTOR OF FOUNDATION FINANCE AND OPERATIONS ARE EX-OFFICIO, NON-VOTING MEMBERS OF THE COMMITTEE. THE EXECUTIVE COMMITTEE IS EMPOWERED BY THE BOARD TO CONDUCT THE AFFAIRS OF THE FOUNDATION BETWEEN FORMAL MEETINGS. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION IS OPERATED BY EMPLOYEES OF THE PIKES PEAK STATE COLLEGE ('PPSC'). FOR 990 PURPOSES, PPSC IS AN UNRELATED TAX-EXEMPT ORGANIZATION AS NO ELEMENT OF CONTROL EXISTS BETWEEN THE COLLEGE AND THE FOUNDATION. PPSC HAS A MEMORANDUM OF UNDERSTANDING WITH THE FOUNDATION TO PROVIDE OFFICE SPACE, FURNISHINGS, EQUIPMENT, SUPPLIES, UTILITIES, MARKETING SERVICES, INFORMATION TECHNOLOGY SERVICES, CUSTODIAL SERVICES AND/OR OTHER ADMINISTRATIVE SUPPORT SERVICES FOR FOUNDATION OPERATIONS, AND THE COSTS ASSOCIATED WITH SUCH PROVISIONS WILL BE COVERED OR SHARED AS SEPARATELY AGREED UPON BY THE PARTIES. THE TOP MANAGEMENT AND FINANCIAL OFFICIALS OF THE FOUNDATION ARE DARLENE MELBY, PPSC'S VP OF ADMINISTRATIVE SERVICE/CFO AND KELLY RAJAB, FOUNDATION'S DIRECTOR OF FINANCE AND OPERATIONS. THE FOUNDATION'S DIRECTOR OF FINANCE AND OPERATIONS IS AN EMPLOYEE OF THE COLLEGE SERVING AT THE PLEASURE OF THE PRESIDENT OF THE COLLEGE. THE DIRECTOR OF FINANCE AND OPERATIONS IS OVERSEEN BY AND REPORTS DIRECTLY TO THE VP OF ADMINISTRATIVE SERVICE/CFO. THE DIRECTOR OF FINANCE AND OPERATIONS PREPARES THE FOUNDATION'S ANNUAL PLAN OF WORK AND BUDGET AND ASSISTS IN DIRECTING ALL FINANCIAL AND OPERATIONAL ACTIVITIES OF THE FOUNDATION. OTHER DUTIES INCLUDE ENSURING COMPLIANCE WITH ALL LEGAL REQUIREMENTS SET FORTH IN THE BYLAWS, INCLUDING, BUT NOT LIMITED TO SCHEDULING AND NOTICE OF MEETINGS; ENSURE THE APPROPRIATE LEVEL OF CONFIDENTIALITY FOR CONTRIBUTORS; AND CONDUCT FOUNDATION BUDGET, METRICS, AND CASH FLOW ANALYSES. THE DIRECTOR OF FOUNDATION FINANCE AND OPERATIONS CONDUCTS OTHER AFFAIRS OF THE FOUNDATION AS DIRECTED BY THE BOARD OR THE PRESIDENT IN ACCORDANCE WITH THE BYLAWS. COMPENSATION (INCLUDING NONTAXABLE BENEFITS) PAID TO FOUNDATION OFFICERS REPORTED ON PART VII, SECTION A, WITH REPECT TO THE CONDUCT OF FOUNDATION ACTIVITIES FOR THE CALENDEAR YEAR ENDED DECEMBER 31, 2023 IS LISTED BELOW. DARLENE MELBY: $20,985 KELLY RAJAB: $45,831 FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATION'S BYLAWS WERE AMENDED TO EXPAND THE POWERS AND DUTIES OF OFFICERS IN ARTICLE IV. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RECEIVES A COPY OF FORM 990 FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO CONFIRM ANNUALLY THAT THEY ARE IN COMPLIANCE WITH THE CONFLICT-OF-INTEREST POLICY. BOARD MEMBERS ANNUALLY SIGN A BOARD COMMITMENT TO EXCELLENCE, WHICH INCLUDES A STATEMENT THAT THE BOARD MEMBER WILL TAKE RESPONSIBILITY FOR THEIR OWN BEHAVIOR, AND IF THEY FIND THEMSELVES IN AN IRRESOLVABLE CONFLICT WITH OTHER BOARD MEMBERS, THEY WILL PUT THE VISION AND NEEDS OF PPSCF AND ITS SCHOLARS FIRST. IF A CONFLICT ARISES, THE BOARD MEMBER IN QUESTION WILL BE RECUSED FROM ANY VOTE REGARDING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION IS MANAGED BY EMPLOYEES OF THE PIKES PEAK STATE COLLEGE ('PPSC') UNDER THE TERMS OF THE MEMORANDUM OF UNDERSTANDING DESCRIBED IN PART VI, SECTION A, LINE 3. PPSC IS RESPONSIBLE FOR THE SALARY AND BENEFITS OF FOUNDATION PERSONNEL, UNLESS PPSC AND THE FOUNDATION ARRANGE FOR REIMBURSEMENT BY THE FOUNDATION. PPSC RETAINS THE RIGHT TO CONTROL THE TERMS AND CONDITIONS OF EMPLOYMENT FOR ITS EMPLOYEES, INCLUDING THE RIGHT TO HIRE AND TERMINATE EMPLOYEES ASSIGNED TO THE FOUNDATION. THE FOUNDATION RETAINS THE RIGHT TO HIRE ITS OWN EMPLOYEES AND WILL BE RESPONSIBLE FOR THE SALARY AND BENEFITS OF SUCH EMPLOYEES. PPSC'S PRESIDENT AND FOUNDATION BOARD CHAIRPERSON WILL CONSULT WITH ONE ANOTHER PRIOR TO ANY TERMINATION OF THE FOUNDATION'S CHIEF DEVELOPMENT OFFICER. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIALS STATEMENTS UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD TREASURER IS RESPONSIBLE FOR ENSURING THE FINANCIAL RECORDS OF THE FOUNDATION ARE AUDITED BY AN INDEPENDENT AUDIT AGENCY AND THAT THE RESULTS OF THE AUDIT ARE REPORTED TO THE BOARD. UNDER THE MEMORANDUM OF UNDERSTANDING (SEE PART VI, SECTION A, LINE 3), THE BOARD COLLABORATES WITH EMPLOYEES OF PIKES PEAK STATE COLLEGE TO SELECT AN INDEPENDENT ACCOUNTANT AND OVERSEE THE ANNUAL FINANCIAL STATEMENT AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.