2024-05-15T12:52:36-05:00 2023-06-30 330700332 VASQUEZ COMPANY LLP 655 N CENTRAL AVE STE 1550 GLENDALE CA 91203 990 2022-07-01 952925621 LOS ANGELES MISSION COLLEGE FOUNDATION LOSA 8183647783 13356 ELDRIDGE AVENUE SYLMAR CA 91342 ALBERT ALVAREZ PRESIDENT 8183647783 2024-05-14 1 ALBERT ALVAREZ 999009999 0 REGINA PRINCE CPA P00576936 2138731700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALBERT ALVAREZ 535 NORTH BRAND BOULEVARD GLENDALE CA 91203 228110 0 X WWW.LAMISSION.EDU/FOUNDATION X 1985 CA SEE SCHEDULE O 8 8 0 8 0 0 80899 158758 50430 0 0 44477 217 40 131546 203275 33515 33107 0 0 0 0 0 0 24835 35251 49748 68766 82855 62780 120420 1308133 1464892 0 0 1308133 1464892 X SEE SCHEDULE O 0 0 54741 33107 THE MISSION OF THE LOS ANGELES MISSION COLLEGE FOUNDATION IS TO PROVIDE STUDENTS WITH ACCESS TO QUALITY, HIGHER EDUCATION OPPORTUNITIES THROUGH FUNDRAISING, BY SERVING AS STEWARDS FOR FUNDS SECURED, AND CREATING MEANINGFUL PARTNERSHIPS TO BENEFIT THE COLLEGE. THE FOUNDATION PROVIDES SCHOLARSHIPS TO LA MISSION COLLEGE STUDENTS TO LESSEN THE FINANCIAL BARRIERS OF HIGHER EDUCATION, FINANCIALLY SUPPORT FOSTER YOUTH PROGRAMS, AND HELP MAKE UNFUNDED PROGRAMS AND PROJECTS ON THE COLLEGE CAMPUS POSSIBLE. FOR THE FISCAL YEAR ENDED 06/30/23, THERE WERE 40 RECIPIENTS OF SCHOLARSHIP GRANTS. 54741 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 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 1 0 0 0 1 4 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X DANIEL VILLANUEVA 8183528300 13356 ELDRIDGE AVENUE SYLMAR CA 91342 X ALBERT ALVAREZ PRESIDENT PRESIDENT 1.00 X X 0 0 0 AURA GARCIA VICE PRESIDENT VICE PRESIDENT 1.00 X X 0 0 0 ART GASTELUM DIRECTOR DIRECTOR 1.00 X 0 0 0 PAT MORENO DIRECTOR DIRECTOR 1.00 X 0 0 0 BOBBY ARIAS DIRECTOR DIRECTOR 1.00 X 0 0 0 DR JOSHUA WENTZ DIRECTOR DIRECTOR 1.00 X 0 0 0 DR ARMIDA ORNELAS DIRECTOR DIRECTOR 1.00 X 0 0 0 JULIANA OCEGUERA DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 71986 86772 158758 44477 44477 24835 71986 24835 0 MISCELLANEOUS INCOME 611710 40 40 40 203275 0 0 44517 33107 33107 3048 2438 610 188 91 97 2569 2055 514 PROGRAM EXPENSES 32460 7625 24835 MISCELLANEOUS EXPENSE 10291 8233 2058 STUDENT PROGRAM 1192 1192 82855 54741 3279 24835 78328 154852 52876 231376 1176929 1078664 1308133 1464892 0 0 X 131204 175517 1176929 1289375 1308133 1464892 1308133 1464892 120420 36339 0 X 0 1 X 1 0 X 89061 108882 72768 80899 158758 510368 89061 108882 72768 80899 158758 510368 180970 329398 16876 31524 44477 92877 15818 4955 217 40 21030 624275 147251 0.52760 0.45830 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM FUNDRAISING - 2018 AMOUNT: $ 15,818. MISC INCOME - 2020 AMOUNT: $ 4,955. 2021 AMOUNT: $ 217. 2022 AMOUNT: $ 40. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1176929 112446 1289375 1296914 119985 1176929 1071510 225404 1296914 1115371 -43861 1071510 1.00000 0.00000 0.00000 0 0 0 X 239614 36339 36339 203275 0 203275 82855 0 82855 0 82855 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF FUNDS ESTABLISHED BY DONORS TO PROVIDE FUNDING FOR STUDENTS' TUITION, EDUCATIONAL PURPOSES AND GENERAL OPERATIONS. PART X, LINE 2: LTHE FOUNDATION IS A NONPROFIT COMMUNITY BENEFIT ORGANIZATION EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER REVENUE AND TAXATION CODE SECTION 23701(D). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE THE FOUNDATION TO RECOGNIZE AND RECORD THE FINANCIAL IMPACT OF UNCERTAINTY IN INCOME TAXES AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT REQUIRES THAT AN ORGANIZATION RECOGNIZE IN THE FINANCIAL STATEMENTS THE IMPACT OF THE TAX POSITION IF THAT POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, ACCOUNTING IN INTERIM PERIODS AND REQUIRES ADDITIONAL DISCLOSURES. AT JUNE 30, 2023 AND 2022, THE FOUNDATION DID NOT RECOGNIZE ANY UNCERTAIN TAX POSITIONS BASED ON ITS EVALUATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2017. 1 SCHOLARSHIPS 40 33107 PART I, LINE 2 THE ORGANIZATION MAINTAINS DETAILED RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS OR ASSISTANCE GIVEN AND THE SELECTION CRITERIA USED TO AWARD THE GRANTS. FORM 990 PART I LINE 1 THE LOS ANGELES MISSION COLLEGE FOUNDATION IS THE SUPPORT ARM OF THE COLLEGE AND IS MADE UP OF CIVIC AND BUSINESS LEADERS, AS WELL AS MEMBERS OF THE CAMPUS COMMUNITY. OUR MEMBERS ARE STRONG SUPPORTERS OF COMMUNITY-BASED EDUCATION. WE BELIEVE THAT A COMMUNITY COLLEGE EDUCATION CAN OPEN MANY DOORS AND CAREER OPPORTUNITIES FOR STUDENTS. FORM 990 PART III LINE 1 THE SPECIFIC PURPOSE FOR WHICH THE LOS ANGELES MISSION COLLEGE FOUNDATION HAS BEEN ESTABLISHED IS TO ADVANCE THE COLLEGE'S EDUCATIONAL AND CULTURAL GOALS IN THE FOLLOWING MANNER: 1. PROVIDING ASSISTANCE AND SUPPORT TO THE COLLEGE IN THE PURSUIT AND ATTAINMENT OF OUR STATED EDUCATIONAL, CULTURAL AND SCIENTIFIC GOALS. 2. PROVIDE ASSISTANCE AND SUPPORT TO THE COLLEGE IN FULFILLING OUR ROLE TO THE COMMUNITY WE SERVE AND OF WHICH THE COLLEGE IS A CRITICAL MEMBER. 3. ASSISTING THE COLLEGE IN THE SOLICITATION, RECEIPT AND ADMINISTRATION OF CHARITABLE CONTRIBUTIONS. 4. PROVIDING GRANTS AND SCHOLARSHIPS TO EDUCATIONAL AND COMMUNITY PROGRAMS OF LOS ANGELES MISSION COLLEGE AND PROMOTING BROAD COMMUNITY RECOGNITION AND SUPPORT. 5. PROMOTING EDUCATIONAL ACHIEVEMENT, PERSONAL AND FAMILY GROWTH AND DEVELOPMENT; AND, PARTICIPATING IN THE ECONOMIC STRENGTH AND STABILITY OF OUR COMMUNITY. 6. SOLICITING, RAISING, DISTRIBUTING AND ADMINISTERING MONIES, PROPERTIES, BEQUESTS AND OTHER ASSETS FOR THE PURPOSE OF AWARDING SCHOLARSHIPS, LOANS AND GRANTS TO STUDENTS ON THE BASIS OF NEED AND/OR ACADEMIC MERIT AND IN ACCORDANCE WITH THE BYLAWS, RULES AND PROCEDURES ADOPTED BY THE BOARD OF DIRECTORS OF THE FOUNDATION. 7. SOLICITING, RAISING, DISTRIBUTING AND ADMINISTERING MONIES, PROPERTIES, BEQUESTS AND OTHER ASSETS FOR THE CONSTRUCTION OF BUILDINGS AND FACILITIES; THE PURCHASE OF EQUIPMENT AND FOR OTHER CAPITAL PROJECTS; AND FOR THE BEAUTIFICATION OF THE CAMPUS. FORM 990, PART VI, SECTION B, LINE 11B LOS ANGELES MISSION COLLEGE FOUNDATION'S OUTSIDE CPA FIRM AND THE FOUNDATION DEVELOPMENT OFFICER PREPARE THE FORM 990. THE FORM IS THEN REVIEWED AND APPROVED BY THE ORGANIZATION'S PRESIDENT. THE COMPLETE FORM 990 IS PROVIDED TO AND REVIEWED WITH THE ENTIRE GOVERNING BODY PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE COVERED PERSONS UNDER LOS ANGELES MISSION COLLEGE FOUNDATION'S CONFLICT OF INTEREST POLICY. LOS ANGELES MISSION COLLEGE FOUNDATION EXPECTS AND REQUIRES ALL PERSONS ASSOCIATED WITH THE FOUNDATION TO CONDUCT THE FOUNDATION'S BUSINESS WITH INTEGRITY AND TO MAINTAIN A HIGH STANDARD OF PERSONAL CONDUCT IN THE AFFAIRS OF THE FOUNDATION. LOS ANGELES MISSION COLLEGE FOUNDATION EXPECTS THE MEMBERS OF ITS BOARD OF DIRECTORS (THE "BOARD"), ITS OFFICERS AND STAFF, AND ANY STANDING OR SPECIAL COMMITTEES OR ADVISORY COMMITTEES (COVERED PERSONS) WHICH MAY BE CREATED FROM TIME TO TIME BY THE FOUNDATION, TO RECOGNIZE AND AVOID ACTIVITIES OR INVESTMENTS WHICH INVOLVE, OR MIGHT APPEAR TO INVOLVE, A CONFLICT OF INTEREST, ILLEGAL OR UNETHICAL ACTIVITIES OR WHICH MIGHT OTHERWISE BE CAUSE FOR EMBARRASSMENT TO THE LOS ANGELES MISSION COLLEGE FOUNDATION. ANY EXCEPTION TO THE POLICY MUST BE REPORTED TO THE CHAIR OF LOS ANGELES MISSION COLLEGE FOUNDATION'S BOARD OR THE EXECUTIVE DIRECTOR (IN THE ABSENCE OF THE CHAIR), AND ANY SUCH EXCEPTIONS TO THE POLICY MUST BE SO APPROVED IN THE MANNER DESCRIBED IN THE POLICY PRIOR TO CONSUMMATION OF ANY PART OF ANY TRANSACTION AFFECTED. ALL COVERED PERSONS OF THE LOS ANGELES MISSION COLLEGE FOUNDATION INCLUDING ANYONE PAID BY THE LOS ANGELES COMMUNITY COLLEGE DISTRICT MUST OBTAIN THE WRITTEN CONSENT OF THE CHAIR (OR, IN THE ABSENCE OF THE CHAIR, THE EXECUTIVE DIRECTOR) BEFORE ENGAGING IN AN ACTIVITY WHICH MIGHT CONSTITUTE A VIOLATION OF THE POLICY. THE CHAIR OF THE LOS ANGELES MISSION COLLEGE FOUNDATION, MUST OBTAIN APPROVAL FROM THE BOARD, OR A DESIGNATED COMMITTEE OF THE BOARD, AT AN OPEN OR EXECUTIVE COMMITTEE MEETING IN WHICH THE LOS ANGELES MISSION COLLEGE FOUNDATION PERSON SEEKING APPROVAL DOES NOT PARTICIPATE, BEFORE ENGAGING IN AN ACTIVITY WHICH MIGHT CONSTITUTE A VIOLATION OF THE POLICY. ANY MEMBER OF THE BOARD WHO IS AN INTERESTED PERSON WILL ABSTAIN FROM VOTING ON ANY PROPOSED AGREEMENT AND SUCH ABSTENTION SHALL BE RECORDED IN THE MINUTES OF THE MEETING. IN ANY SITUATION IN WHICH A MAJORITY OF THE BOARD MEMBERS WOULD BE DISQUALIFIED BECAUSE OF THIS POLICY, THE BOARD, AFTER FULL DISCLOSURE OF THE POTENTIAL CONFLICT, MAY BY A MAJORITY AFFIRMATIVE VOTE, SUSPEND THE CONFLICT OF INTEREST POLICY AND PROCEED TO ENTER INTO THE AGREEMENT. ALL DISCUSSION AND ACTION WITH RESPECT TO ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ARE DULY ENTERED INTO THE MINUTES OF MEETING WHERE SUCH AN ACTION TAKES PLACE. VIOLATIONS OF THE POLICY WILL NOT ONLY CONTRAVENE THE WILL OF THE BOARD, BUT MAY ALSO BE ILLEGAL AND POSSIBLY RESULT IN CIVIL OR CRIMINAL LIABILITY FOR THE INVOLVED PARTY. ALL LOS ANGELES MISSION COLLEGE FOUNDATION PERSONS WHO VIOLATE THE POLICY MAY BE SUBJECT TO DISCIPLINE UP TO AND INCLUDING DISCHARGE FROM A POSITION WITH LOS ANGELES MISSION COLLEGE FOUNDATION. ALL INDIVIDUALS COVERED BY THIS POLICY ARE REQUIRED TO ATTEST IN WRITING, ON AN ANNUAL BASIS, TO FULL COMPLIANCE WITH THE POLICY, AND TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST ON A TIMELY BASIS. VIOLATIONS OF THE POLICY ARE GROUNDS FOR REVIEW OF MEMBERSHIP UP TO AND INCLUDING REMOVAL FROM HIS OR HER POSITION WITH LOS ANGELES MISSION COLLEGE FOUNDATION. SIGNED COMPLIANCE STATEMENTS ARE TO BE SUBMITTED ANNUALLY BY THE DIRECTORS AND EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. HOWEVER, CURRENT TAX LAW DOES NOT REQUIRE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS BE PROVIDED TO THE PUBLIC. LOS ANGELES MISSION COLLEGE 13356 ELDRIDGE AVE SYLMAR CA 91342 952587353 HIGHER EDUCATION CA 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 LOS ANGELES MISSION COLLEGE B 32550 BOOKS