2026-04-02T11:41:33-05:00 2025-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2024-07-01 330071349 Orange Coast College Foundation ORAN 7144325834 2701 Fairview Rd Costa Mesa CA 92626 Patricia Falzon Executive Director 7144325834 2026-03-31 1 1 Kim Hunwardsen CPA P00484560 6122536500 2026-03-31 2024 2025-03-06 01:10:19Z Patricia Falzon 2701 Fairview Rd Costa Mesa CA 92626 48762944 0 X ORANGECOASTCOLLEGE.EDU/ABOUT/FOUNDATION/INDEX X 1984 CA To promote and assist the educational programs of Orange Coast College. 24 24 0 25 -644485 0 9155526 13860400 136714 89900 222638 1970722 -111102 -646733 9403776 15274289 1015836 2202647 0 0 223836 285502 0 0 0 6758406 3860877 7998078 6349026 1405698 8925263 49776316 62138360 1210867 2224528 48565449 59913832 X Orange Coast College Foundation's mission is to develop sources of support for Orange Coast College to achieve its mission by encouraging gifts of time, treasure, and talent from alumni, community members, faculty, staff, corporations, foundations, and community organizations that will support scholarships, facilities, college programs, and activities. 0 0 3215434 Provided support to the marine program at Orange Coast College's Waterfront Campus, through management of a fleet of power and sailboats that are donated, chartered, sold and/or used for educational purposes. 1891632 1336318 89900 Provided monetary support to various programs related to the arts, athletics, and visual arts. 866329 866329 Awarded scholarships to approximately 709 students attending Orange Coast Community College. 5973395 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 20 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X X X Rachel Kubik 7144325834 2701 Fairview Road Costa Mesa CA 92626 X Douglas Bennett Executive Director (Left 12/31/2024) 40.00 X 208539 0 76635 Jeff Hyder Chair 1.00 X X 0 0 0 Lori Ginex-Orinion Vice Chair 1.00 X X 0 0 0 Mark Denny Treasurer 1.00 X X 0 0 0 Bill Wood Secretary 1.00 X X 0 0 0 David J Cline Past Chair 1.00 X X 0 0 0 Marc Harper CPA JD Board Member 1.00 X 0 0 0 Kevin Ballinger Board Member 1.00 X 0 0 0 A Patrick Munoz Board Member 1.00 X 0 0 0 Angelica Suarez PhD Board Member 1.00 X 0 0 0 Blade Gillissen Board Member 1.00 X 0 0 0 Christina Amaral McDonald Board Member 1.00 X 0 0 0 David Grant Board Member 1.00 X 0 0 0 Raymond Tu Board Member 1.00 X 0 0 0 Janet Ronnenberg Board Member 1.00 X 0 0 0 Tara Giblin Board Member 1.00 X 0 0 0 Kat Carroll Board Member 1.00 X 0 0 0 Katie Kissee Fenwick Board Member 1.00 X 0 0 0 Madjid Niroumand EdD Board Member 1.00 X 0 0 0 Mary Lynn Bergman-Rallis Board Member 1.00 X 0 0 0 Dan Stefano Board Member 1.00 X 0 0 0 Savannah Garcia Board Member 1.00 X 0 0 0 Richard T Pagel EdD Board Member 1.00 X 0 0 0 Rush N Hill II Board Member 1.00 X 0 0 0 Shana Jenkins Board Member 1.00 X 0 0 0 Patricia Falzon Executive Director (Joined 3/3/2025) 40.00 X 0 0 0 208539 0 76635 1 0 1 1 Yacht Donation Consultants LLC 2406 Holly Lane Newport Beach CA 92663 Yacht Valuations 127595 1 13860400 1699062 13860400 Campus Program Revenue 900099 76486 76486 13414 13414 89900 1302230 2248 1299982 757099 1403832 -646733 -646733 -646733 32342982 410333 31629824 454999 713158 -44666 668492 668492 15274289 89900 -644485 1968474 1336318 1336318 866329 866329 285502 285502 120203 120203 541398 471031 70367 4777 3450 1327 108206 57227 50979 27484 26444 1040 10266 9736 530 1553626 1553626 Equipment 771334 737868 33466 Moorage 270436 270436 Construction 168179 168179 Hospitality 134510 108955 25555 150458 78294 72164 6349026 5973395 375631 0 5427046 1100014 540025 4447315 5425 800 25000 25000 16583824 9055845 9224993 7527979 34098666 43755593 25511 4690015 429650 591644 49776316 62138360 104660 116745 546274 456088 559933 1651695 1210867 2224528 X 3868594 4191324 44696855 55722508 48565449 59913832 49776316 62138360 X 8925263 2337837 85283 X 0 1 X 1 0 X 11891391 8685482 7994883 9155526 13860400 51587682 701796 746960 895864 954092 949682 4248394 12593187 9432442 8890747 10109618 14810082 55836076 55836076 465502 593836 702238 984422 1302230 4048228 59884304 550242 0.93240 0.92230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13611834 9984366 1969598 160662 99850 25305286 11905552 501567 1429507 106176 118616 13611834 0.01940 0.47940 0.50120 0 0 16583824 9055845 7527979 7527979 Investment - Other 4690015 C 4690015 Designated Scholarships 680361 Refundable Advance 971334 1651695 X 19930720 2337837 949682 1489115 4776634 15154086 120203 120203 15274289 8582337 949682 1403832 2353514 6228823 120203 120203 6349026 Part V, Line 4: Donor restricted endowment funds are managed, and annual spending distributions are allocated, in accordance with the documented and express intentions of each donor as they align with the College's mission and programs. These uses include funding scholarships and general student support, as well as educational programs, equipment and learning spaces. Part X, Line 2: The Foundation has adopted FASB ASC Topic 740 that clarifies the accounting for uncertainty in tax positions taken or expected to be taken on a tax return and provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if, based on its merits, the position is more likely than not to be sustained on audit by the taxing authorities. Management believes that all tax positions taken to date are highly certain and, accordingly, no accounting adjustment has been made 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 2d - Other Adjustments: Change in Split-Interest Agreement 83,317. Change in Beneficial Interest in Assets 1,966. Rental Expense in Revenue for Form 990 1,403,832. Part XII, Line 2d - Other Adjustments: Rental Expense in Revenue for Form 990 1,403,832. 1 Orange Coast College 2701 Fairview Rd Costa Mesa CA 92626 330071349 State of CA 1269356 66962 Fair Market Value Pass through contributions of boats and equipment College Educational Programs 1 0 Scholarships and Grants 709 866329 Actual Amount Part I, Line 2: The scholarship coordinator is in charge of tracking and monitoring the grant funds to ensure monies are being spent on appropriate scholarships and grants. 0 0 0 0 0 0 0 0 0 Douglas Bennett Executive Director (Left 12/31/2024) 208539 0 0 0 0 0 55235 0 21400 0 285174 0 0 0 Part VII, Section A, Line 5 The Executive Directors' compensation is paid by an unrelated organization, Coast Community College, for services to the Foundation. X 7 1627000 Donated Value X Material & Equipment For College Programs 25 66962 Donated Value X Parts and Accessories 26 5100 Donated Value 9 0 1 1 Part I, Column (b): The number represents the number of donors. Part I, Line 32b: The organization engaged a third party to provide services related to the donation, improvement, and lease or sale of yachts and marine related equipment. Form 990, Part VI, Section A, line 1a There shall be an Executive Committee with a membership to be drawn solely from the Board of Directors as follows: Chair, Vice Chair, President of the College, Secretary, Treasurer, Past Chair, Chair of the Marine Progrms Committee, and Executive Director. The Executive Committee shall have the power to act on behalf of the Board of Directors in all matter authorized by the nonprofit public benefit corporation law. Form 990, Part VI, Section B, line 11b A draft copy of the Form 990 and its related schedules are submitted to the Executive Board for review before filing. Form 990, Part VI, Section B, line 12c Orange Coast College Foundation (OCCF) requires all employees to disclose, at least annually, all sources of income from compensation or from ownership of every outside entity that (a) sold, supplied, or provided services; (b) operated a competing enterprise; or (c) provided goods or services to the OCCF in the last six months. OCCF also requires all Directors to annually sign a statement affirming (a) receipt of OCCF conflict of interest policy; (b) understanding of the policy; and (c) agreement with the policy. Possible conflict of interest matters are brought to the Foundation Executive Committee (which includes the President of the College) for discussion and review. If the conflict of interest matter can't be resolved via Executive Committee action, outside counsel and advisement are sought as necessary. Form 990, Part VI, Section C, line 18 The Form 990 and 990-T are available on the organization's website but the Form 1023 is only available upon request. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and financial statements are available on the organization's website. Form 990 Part VII and Part IX Organization reimburses an unrelated organization, Coast Community College, for compensation. The organization does not issue W-2'S. They are issued by the unrelated organization. Form 990, Part XI, line 9: Change in Split-Interest Agreement 83,317. Change in Beneficial Interest in Assets 1,966. Charitable Remainder Trust (2) Trust CA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0