2024-05-15T15:25:48-05:00 2023-06-30 450250958 EIDE BAILLY LLP 10681 FOOTHILL BLVD STE 300 RANCHO CUCAMONGA CA 917303831 990 2022-07-01 953387108 CERRITOS COLLEGE FOUNDATION CERR 5628602451 11110 E ALONDRA BLVD NORWALK CA 90650 DR ETELVINA DE LA TORRE INTERIM EXECUTIVE DIRECTOR 5628602451 2024-05-15 1 DR ETELVINA DE LA TORRE 999009999 0 CATHERINE L GRAY CPA P01294460 9094664410 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR ETELVINA DE LA TORRE 11110 E ALONDRA BLVD NORWALK CA 90650 1741857 0 X WWW.CERRITOSCCF.ORG X 1979 CA THE FOUNDATION IS COMMITTED TO DEVELOPING FINANCIAL RESOURCES AND PARTNERSHIPS THAT WILL ENHANCE ALL COLLEGE PROGRAMS, WHILE ASSISTING INDIVIDUAL STUDENTS AND FUNDING SPECIAL PROJECTS. 15 15 7 19 0 0 789633 900131 392721 483079 266929 237063 1139 101026 1450422 1721299 122658 159049 0 0 161742 171400 0 0 150245 1687164 1676487 1971564 2006936 -521142 -285637 9044403 9230703 33819 104088 9010584 9126615 X THE FOUNDATION SERVES AS A LINK BETWEEN THE COLLEGE, THE PRIVATE SECTOR AND COMMUNITY ORGANIZATIONS TO CREATE PUBLIC AWARENESS OF THE NEEDS OF THE COLLEGE; TO PROMOTE THE COLLEGE TO BUSINESS AND INDUSTRY WITHIN SOUTHEASTERN LOS ANGELES COUNTY; AND TO RAISE FUNDS FOR QUALITY FACILITIES AND PROGRAMS. 0 0 145147 145147 SCHOLARSHIPS TO STUDENTS ATTENDING CERRITOS COLLEGE 13902 13902 VARIOUS GRANTS AND SUPPORT ADMINISTERED BY THE FOUNDATION THAT BENEFIT THE COLLEGE AND ITS STUDENTS 1522607 487155 THE CERRITOS COLLEGE ECONOMIC DEVELOPMENT DEPARTMENT HAS HELPED HUNDREDS OF BUSINESSES COMPETE AND SUCCEED WITH COST-EFFECTIVE, PROFESSIONAL DEVELOPMENT THAT IS CUSTOM-TAILORED TO ORGANIZATIONAL OBJECTIVES. 1681656 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 42 0 1 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X DR ETELVINA DE LA TORRE 5624675041 11110 E ALONDRA BLVD NORWALK CA 90650 JOSE FIERRO DIRECTOR 1.00 40.00 X 0 407484 62213 CAROL KRUMBACH FOUNDATION DIRECTOR 1.00 40.00 X X 0 171785 39586 MARISA PEREZ DIRECTOR 0.50 5.00 X 0 0 0 ZURICH LEWIS DIRECTOR 0.50 5.00 X 0 30157 2042 MAZEN NABULSI SECRETARY/TREASURER 0.50 X X 0 0 0 TOM JACKSON FORMER CHAIRPERSON 0.50 X X 0 0 0 MARTHA PELAYO INTERIM DIRECTOR 0.50 40.00 X X 0 20085 5084 ANIL DESAI DIRECTOR 0.50 X 0 0 0 ROBERT HUGHLETT DIRECTOR 0.50 X 0 0 0 PETER ESPINOZA DIRECTOR 0.50 X 0 0 0 BILL STEPHENS DIRECTOR 0.50 X 0 0 0 SALEEM IQBAL DIRECTOR 0.50 X 0 0 0 JEAN MCHATTON VICE CHAIRPERSON 0.50 X X 0 0 0 STEPHANIE RODRIGUEZ SECOND VICE CHAIRPERSON 0.50 X X 0 0 0 JON TANKLAGE DIRECTOR 0.50 X 0 0 0 JESSE URQUIDI DIRECTOR 0.50 X 0 0 0 NAZIH YEHYA CHAIRPERSON 1.00 X X 0 0 0 JUN ARELLANO DIRECTOR 0.50 X 0 0 0 MARIANA PACHECO DIRECTOR 0.50 X 0 0 0 JAYESH SHAH DIRECTOR 0.50 X 0 0 0 PARIMAL SHAH DIRECTOR 0.50 X 0 0 0 0 629511 108925 0 0 1 0 0 900131 900131 CONTRACTED EDUCATION 900099 483079 483079 483079 159133 159133 77930 0 77930 77930 77930 82187 20558 61629 61629 ADMINISTRATIVE FEE 900099 35322 35322 OTHER INCOME 900099 4075 4075 39397 1721299 522476 0 298692 13902 13902 145147 145147 171400 25710 145690 3955 3955 8940 8940 28322 28322 9416 9416 4555 4555 18178 18178 COLLEGE PROGRAM SUPPORT 1303649 1303649 GRANT FULFILLMENT 216557 216557 BAD DEBT 61500 61500 BANK CHARGES 14727 14727 6688 2401 4287 2006936 1681656 175035 150245 1982931 1609968 61500 150545 96716 150 6849427 7523869 9044403 9230703 33819 104088 33819 104088 X 851091 797159 8159493 8329456 9010584 9126615 9044403 9230703 X -285637 390697 10971 X 0 1 X 1 0 X 1198911 3271315 2964295 807896 900131 9142548 341712 322684 301151 245904 446570 1658021 1540623 3593999 3265446 1053800 1346701 10800569 10800569 51709 90541 116980 164930 159133 583293 11 1137 1139 39398 41685 11425547 753679 0.94530 0.95270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3938968 147905 351327 37317 4400883 4376203 108000 -487774 57461 3938968 3770244 133047 562249 89337 4376203 1648977 2369535 28972 277240 3770244 1333627 521885 24386 230921 1648977 0.75000 0.25000 0 0 0 INVESTMENTS 7250011 C BENEFICIAL INTEREST IN ASSETS HELD BY FCCC 273858 C 7523869 X 2561773 401668 446570 20558 868796 1692977 28322 28322 1721299 2445742 446570 20558 467128 1978614 28322 28322 2006936 PART V, LINE 4: AS OF JUNE 30, 2020, THE FOUNDATION HAS 29 PERMANENTLY RESTRICTED NAMED ENDOWMENTS. NAMED ENDOWMENTS ARE ESTABLISHED AT THE REQUEST OF THE DONOR FOR A MINIMUM INITIAL RESTRICTED GIFT OF $25,000. FOLLOWING THE CREATION OF THE FUND, SCHOLARSHIPS, GRANTS, AND/OR AWARDS ARE DISBURSED FROM THE EARNINGS ON THE ENDOWED FUNDING IN ALIGNMENT WITH THE DONOR'S DESIGNATIONS. 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS-DIRECT EXPENSE 20,558. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS-DIRECT EXPENSE 20,558. GOLF CLASSIC 82187 82187 723 700 19135 82187 82187 723 700 19135 20558 61629 1 CERRITOS COMMUNITY COLLEGE DISTRICT 11110 ALONDRA BLVD NORWALK CA 90650 956005521 170(B)(1)(A) 0 13902 DEPARTMENTAL GRANT DEPARTMENTAL GRANT SCHOLARSHIPS 235 145147 PART I, LINE 2: APPLICATIONS FOR SCHOLARSHIPS ARE REVIEWED BY SELECTION COMMITTEES, SCORED, AND RANKED. OFTEN THE TOP 3 TO 5 APPLICANTS ARE INTERVIEWED BY A COMMITTEE BEFORE A RECIPIENT IS FINALIZED. FOR SOME SCHOLARSHIPS, RECIPIENTS ARE DETERMINED WITHOUT INTERVIEWS. SOME SCHOLARSHIP RECIPIENTS ARE SELECTED THROUGH FACULTY COMMITTEES. 0 0 0 0 0 0 0 0 0 JOSE FIERRO DIRECTOR 0 332411 0 0 0 75073 0 0 0 62213 0 469697 0 0 CAROL KRUMBACH FOUNDATION DIRECTOR 0 127642 0 0 0 44143 0 0 0 39586 0 211371 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON ITS BEHALF. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS ARE EACH GIVEN A COPY OF THE 990. THE FINANCE COMMITTEE REVIEWS AND APPROVES THE 990 PRIOR TO ITS FILING FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER MUST DISCLOSE ANNUALLY ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION MAINTAINS AN EXECUTIVE COMPENSATION POLICY WHICH DETERMINES HOW AND WHEN THE EXECUTIVES, OFFICERS AND ALL KEY EMPLOYEES ARE COMPENSATED. FORM 990, PART VI, SECTION C, LINE 18 ALL TAX RETURNS ARE ON FILE IN THE FOUNDATION OFFICE FOR REVIEW BY ALL INTERESTED PARTIES. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE ON FILE IN THE FOUNDATION OFFICE FOR REVIEW BY ALL INTERESTED PARTIES FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST 10,971. CERRITOS COMMUNITY COLLEGE DISTRICT 11110 E ALONDRA BLVD NORWALK CA 90650 956005521 SECONDARY EDUCATION CA 170(B)(1)(A) 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CERRITOS COMMUNITY COLLEGE DISTRICT B ACTUAL AMOUNT