2025-05-05T11:57:14-05:00 2024-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-07-01 237061622 Mt Hood Community College District Foundation Inc MTHO 5034917206 26000 SE Stark Street Gresham OR 97030 Dan Malinaric President 5034917206 2025-05-02 1 1 Deb Nelson CPA P01264758 6122536500 2025-05-02 2023 2025-03-06 01:10:19Z Dan Malinaric 26000 SE Stark Street Gresham OR 97030 5029974 0 X www.MHCC.edu/Foundation X 1969 OR To be a unifying force and provide resources vital to quality education and community life. 22 22 0 65 0 0 874792 760569 0 15748 167193 -371086 68676 -160 1110661 405071 926900 1263301 0 0 0 294227 0 0 218494 576903 229824 1503803 1787352 -393142 -1382281 10939534 9542684 61739 47170 10877795 9495514 To support the success of students and alumni at the college. The foundation works with donors, community members, and past and present students to provide resources that help students succeed in the classroom and beyond. 0 0 787001 787001 15748 Scholarships: Awarded annually and by school term, scholarships are funded by donations from corporations, foundations, individuals and organizations as well as proceeds from the annual MHCC Foundation auction. Once funding is available, scholarships are advertised for student application. A MHCC Financial Aid representative and the MHCCD Foundation Scholarship and Grants Committee members review the applications and determine recipients based upon the established scholarship criteria. Approximately $787,001 was awarded to 223 students in the 2023-2024 fiscal year. These scholarship awards aid students in paying for tuition, fees, books, and support services. 313791 313791 Foundation support of the College: Annually the College determines private funding priorities and presents a request to the MHCCD Foundation Finance Committee for recommendation to the Foundation Board for approval. Typically, the College President makes the request. In 2023-2024, the Foundation supported the College with payments or transfers from the Board Designated General Fund for the following:$55,000 Bond Campaign; $25,000 Math Placement Project; $7,000 OER Grant; $4,500 Staff & Teacher Awards; $199,076 Equity Center; $11,048 Yoshida Piano; $12,167 Other 162509 162509 Program Funds: Program funds are specifically established for use in a particular division, department or program. These funds are used for program equipment, student conference fees, professional development for instructors, and projects and assistance to benefit students and employees. Donors may designate their gift to any existing program fund or can initiate a fund if circumstances warrant. Funding for program support typically comes from donor designations as well as grants from foundations or organizations. Approximately $162,509 was funded to the College program areas in the 2023-2024 fiscal year. 1263301 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 25 0 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 OR X Al Sigala 5034916422 26000 SE Stark Street Gresham OR 97030 Debra Derr President 2.00 X X 0 0 0 Dan Corcoran Past President 2.00 X X 0 0 0 Dan Malinaric Vice President 2.00 X X 0 0 0 Stan Hymel Treasurer 2.00 X X 0 0 0 Paula Walker Secretary 2.00 X X 0 0 0 Warner E Allen Board Member 1.00 X 0 0 0 Ken Cornelison Board Member 1.00 X 0 0 0 Anne Furniss Board Member 1.00 X 0 0 0 Martin Hertrich Board Member 1.00 X 0 0 0 Nancy Jaksich Board Member 1.00 X 0 0 0 Robin McGregor Board Member 1.00 X 0 0 0 Sue O'Halloran Board Member 1.00 X 0 0 0 Jon Sandstrom Board Member 1.00 X 0 0 0 Tanya Shanks-Connors Board Member 1.00 X 0 0 0 Wendy Vondrak Board Member 1.00 X 0 0 0 Sean Berry CPA Board Member 1.00 X 0 0 0 Cody Farnes Board Member 1.00 X 0 0 0 Travis Gullberg Board Member 1.00 X 0 0 0 Lynne Page Board Member 1.00 X 0 0 0 Tony Hornback Board Member 1.00 X 0 0 0 Matt Wand Board Member 1.00 X 0 0 0 Mark Garber Board Member 1.00 X 0 0 0 Al Sigala - Executive Director & VP of College Advancement 20.00 X 171114 0 29804 171114 0 29804 0 0 0 1 0 140667 619902 5100 760569 Gift & Admin Fee Revenue 523000 15748 15748 15748 282976 282976 2433304 1485522 2469335 2103553 -36031 -618031 -654062 -654062 39205 140667 52015 -12810 -12810 12650 0 12650 12650 405071 15748 0 -371246 476300 476300 787001 787001 178811 62584 116227 115416 40396 75020 30150 30150 9263 9263 1323 1323 9306 9306 45497 45497 2434 2434 21435 21435 572 572 3012 3012 Fees & Dues 74059 68247 5812 Estate Related Expenses 32773 32773 1787352 1263301 305557 218494 233107 289918 421031 134420 0 0 2104125 0 8181271 9118346 10939534 9542684 61739 47170 61739 47170 X 4541227 3244382 6336568 6251132 10877795 9495514 10939534 9542684 -1382281 0 X X 0 1 X 1 0 X 686486 880204 932936 874792 760569 4134987 686486 880204 932936 874792 760569 4134987 518013 3616974 167543 190921 247208 231384 282976 1120032 86356 70310 83478 54928 0 295072 5550091 91383 0.65170 0.54350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4701171 224852 119354 204424 37415 4803538 4279216 193031 99471 126363 35023 4410332 3857076 80891 563611 172949 49413 4279216 3427503 177008 421342 124242 44535 3857076 3208285 123249 218623 91381 31273 3427503 0.00000 0.78562 0.21438 0 0 0 Annuity agreement reserves 37016 Due to Mt. Hood Community College District 10154 47170 X 435525 0 435525 -30454 -30454 405071 1817806 30454 30454 1787352 0 1787352 Part V, Line 4: The Foundation's endowment consists of 44 individual funds established for the benefit of providing scholarships for tuition, books, and other necessary expenses to support students and MHCC. Each endowment has its own agreement that specifies how the funds will be used, how much will be awarded each year and what the funds will cover regarding tuition, books, and other expenses. Part V, Line 1a: The 2023 beginning of year balance has been adjusted to include the spendable portion of the endowment valued at $290,839. Part X, Line 2: Management believes that the Foundation has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 4b - Other Adjustments: Fundraising event expenses in excess of donor benefits -30,454. Part XII, Line 2d - Other Adjustments: Fundraising event expenses in excess of donor benefits 30,454. Auction 179872 140667 39205 21561 30454 179872 140667 39205 21561 30454 52015 -12810 1 Mt Hood Community College 26000 SE Stark Street Gresham OR 97030 930546890 Government 476300 0 Program equipment, student conference fees, professional development, bond campaign, math placement project & Equity center 1 0 Scholarships 223 787001 Part I, Line 2: Program Funds and equipment grants are funded by corporate, community, board and staff donations and proceeds from events. Recipients are selected after committee members review applications. The Mt. Hood Community College Foundation awards scholarships twice a year. It begins with the Primary Application Period from January 1 to March 31 and the Secondary Application Period from August 1 to October 13. During these periods, MHCC students can apply for scholarships through our scholarship portal. Currently, we have over 250 scholarships with different parameters. Students apply with one application. After the close of the application periods, reviewing takes place. Each application is reviewed and scored. The applications are then ranked by the reviewer scores and the highest scores are awarded the scholarships for which they qualify for. Students are notified of their awards and are required to accept their award. At that point, the financial aid office is notified of the awardees and disbursement is processed. 0 0 0 0 0 0 0 0 0 Al Sigala - Executive Director & VP of College Advancement 171114 0 0 0 0 0 4800 0 25365 0 201279 0 0 0 Part I, Line 3 The Foundation does not establish the compensation of the Executive Director. Compensation is determined by Mt. Hood Community College District, an unrelated organization, and the Foundation relied on the District to establish compensation. Schedule J, Part II Al Sigala is paid by Mt. Hood Community College District, an unrelated organization, for services provided as Executive Director of the Foundation. Al Sigala received total compensation of $201,279 for the 2023 calendar year for which approximately 50% of his time is allocated to the Foundation. Hours reported on Part VII, Line 1a, represent his average hours per week devoted to his position as Foundation Executive Director. Form 990, Part VI, Section A, line 1a The Executive Committee has broad authority to act on behalf of the Board during the interim between meetings of the Foundation Board subject to the direction and control of the Foundation Board. The Executive Committee is comprised of the Foundation President, the Foundation Vice President, the Foundation Secretary, the Foundation Treasurer, the immediate past president and two current members elected by the Foundation Board to serve on the Executive Committee. There are no members of the Executive Committee that are not also members of the governing body. Form 990, Part VI, Section B, line 11b The Finance Committee (FC) reviews the Form 990 tax document. Once the Form 990 is reviewed and approved, the FC recommends the Board of Directors accepts and approves the return. The President of the Foundation signs the Form 990 and any other required forms after the final approval. Form 990, Part VI, Section B, line 12c Board members and the Foundation Executive Director are required to complete a conflict-of-interest statement annually. The conflict-of-interest policy covers the officers and director of the Foundation. Once a conflict of interest is determined to exist, disclosure of the financial interest, all material facts, and any necessary discussion with the interested person is completed, they leave the Board or committee meeting while the determination of the conflict of interest is discussed and voted upon. The remaining Board or committee members decide if a conflict of interest exists. If the board or committee has reasonable cause to believe a member has failed to disclose a conflict of interest, the member has an opportunity to explain the failure to disclose. After hearing the response of the member and making further investigation, and it is determined that a failure to disclose has occurred, disciplinary and corrective action will be taken. Form 990, Part VI, Section B, line 15 Comparability data includes external market information of comparable organizations, most recently conducted in 2014. Since then, salary has been adjusted in accordance with Mt. Hood Community College's compensation practices for management staff. In 2017, Human Resources made recommendations regarding reclassification/change in salary range for the Executive Director position. These recommendations were reviewed and approved by MHCC's Vice President of Finance and Administration in accordance with Mt. Hood Community Colleges guidelines on position reclassification for management employees. There is documentation of the deliberation and decision regarding the position reclassification in 2017. Since that time, adjustments to the Executive Director's pay have been in line with the annual and cost of living increases afforded to all management employees. The Foundation does not have employees, and the Executive Director's salary is paid by Mt. Hood Community College District, an unrelated organization. Form 990, Part VI, Section C, line 19 The documents are available upon request. Form 990, Part XII, Line 1: Income Tax Basis MHCC Foundation LLC 26000 SE Stark St Gresham OR 97030 934313969 Education OR -618602 0 Mt Hood Community College District Foundation Inc Schedule R, Part I MHCC Foundation, LLC, a disregarded entity, dissolved during the 2024 fiscal year.