2024-03-13T15:08:33-07:00 2023-06-30 770051886 Pine Pedroncelli & Aguilar Inc 3500 W Orchard Court Visalia CA 93277 990 2022-07-01 770245395 MAMMOTH LAKES FOUNDATION MAMM 7609343781 PO BOX 1815 MAMMOTH LAKES CA 93546 ELIZABETH TRUAX Executive Dir. 2024-03-13 true ELIZABETH TRUAX 999009999 true GAMALIEL AGUILAR P00292143 5596259800 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z GARY MCCOY PO BOX 1815 MAMMOTH LAKES CA 93546 1750844 false X MAMMOTHLAKESFOUNDATION.ORG X 1989 CA TO SUPPORT THE DEVELOPMENT OF HIGHER EDUCATION AND CULTURAL ENRICHMENT IN THE EASTERN SIERRA. 9 9 3 19 0 408520 1623050 39322 4212 1852 56621 8800 64087 458494 1747970 82031 81678 0 136037 116117 0 176268 217728 225030 435796 422825 22698 1325145 7639483 9366223 58736 460331 7580747 8905892 X THE FOUNDATION SUPPORTS THE DEVELOPMENT OF HIGHER EDUCATION AND CULTURAL ENRICHMENT IN THE EASTERN SIERRA, INCLUDING THE ESTABLISHMENT OF A PERMANENT CAMPUS IN THE MAMMOTH LAKES AREA THAT WILL PROVIDE FACILITIES FOR ACADEMIC STUDIES, APPRECIATION OF THE ARTS, AND STUDENT HOUSING. false false 124551 115224 THE FOUNDATION AWARDED 69 SCHOLARSHIPS IN THE FALL AND SPRING SEMSETERS. OVER 678 STUDENTS HAVE RECEIVED SCHOLARSHIPS SINCE THE PROGRAM WAS STARTED.THE FOUNDATION CONTINUES TO WORK WITH COMMUNITY ORGANIZATIONS AND THE COLLEGE AS TO FUTURE LAND USE AND FACILITIES. THE NEXT PROJECT THE COMMUNITY WOULD LIKE TO SEE DEVELOPED IS A CULTURAL CENTER, EXPANDED THEATER, AND NEW ARTS PROGRAMS. PLANNING AND VISIONING IS WHY WE HAVE A COLLEGE IN MAMMOTH LAKES. IT IS ESSENTIAL TO CONTINUE THIS PROCESS WHICH OFTEN TAKES YEARS BEFORE THE NEXT PROJECT CAN BECOME A REALITY. The Mammoth Lakes Foundation awarded 69 scholarships for the 2020-21 academic year to local students attending Cerro Coso Community College, Mammoth Lakes campus. Over 678 students have received scholarships since the programs inception. Today, the Foundation provides full-tuition scholarships and a book stipend each semester to local students of all ages enrolled at Cerro Coso. Students enrolled in a licensed vocational nursing program requiring travel also receive gas cards to help offset that expense. The Mammoth Lakes Foundation also provides academic support, mentoring, peer support, and other opportunities to its students including partial housing scholarships for eligible students residing in the South Gateway Apartments adjacent to the campus. The Mammoth Lakes Foundation also administers academic scholarships awarded to local high school students by the Terry Plum family. CURRENTLY, THE SKI MUSEUM HAS LIMITED EXHIBITS AS MOST OF THE EXHIBIT SPACE HAS BEEN CONVERTED TO THEATER USE. TWO ROOMS DISPLAY OLD MAMMOTH LAKES PHOTOS AND ONE TELLS A STORY ABOUT HOW THE AREA WAS DEVELOPED. 124551 true true false false false false false false false true true false false true true true false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false true 7 0 true 3 true false false false false false false false 0 false false false false false false false X 9 9 false false false false false false false true true false false false true true true true false true true false CA X AMY GRAHAM 7609371506 100 COLLEGE PARKWAY MAMMOTH LAKES CA 93546 ELIZABETH TRUAX Executive Dir. 40.00 0.00 X 75600 0 0 GARY MCCOY President 1.00 0.00 X X 0 0 0 GARY MYERS MEMBER 1.00 0.00 X X 0 0 0 SHIELDS RICHARDSON Secretary/Treas 1.00 0.00 X X 0 0 0 LUAN MENDEL Board Chair 1.00 0.00 X X 0 0 0 LOIS KLEIN MEMBER 1.00 0.00 X X 0 0 0 STACEY BARDFIELD MEMBER 1.00 0.00 X 0 0 0 JUDY BORNFELD MEMBER 1.00 0.00 X 0 0 0 SANDI FORSTENZER MEMBER 1.00 0.00 X 0 0 0 DAVID BARRETT MEMBER 0.00 0.00 X 0 0 0 75600 0 false false false 0 1623050 32418 1623050 FILM FESTIVAL MUSEUM INCOME 713990 4212 4212 NEWSLETTER 511190 STUDENT HOUSING 531110 THEATER INCOME 713990 4212 56621 56621 0 0 53250 53250 53250 53250 0 13711 13711 13711 0 2874 -2874 -2874 MISCELLANEOUS 900099 0 1747970 57959 66961 0 0 81678 81678 0 75600 75600 0 40517 14498 26019 0 0 0 0 0 0 0 0 0 28203 28203 0 19105 19105 0 1785 1785 53122 17707 35415 0 0 0 0 0 37054 7566 29488 37663 37663 SPECIAL EVENTS 43514 43514 FUNDRAISING EXPENSES 1644 349 1295 COLLEGE PROGRAM SUPPORT 966 966 Postage and Shipping 702 702 1272 2 335 935 422825 124551 122006 176268 142767 1838081 1535239 1566859 575000 525000 10686 0 0 0 19241 16367 9605 6770 3423369 1164366 2214174 2259003 0 0 0 0 3143457 3143457 7639483 9366223 23395 24989 24300 424300 11041 11042 58736 460331 X 5964750 7228679 1615997 1677213 7580747 8905892 7639483 9366223 1325145 X false true X true false X 366136 1295891 257403 408520 1623050 3951000 0 0 366136 1295891 257403 408520 1623050 3951000 0 3951000 36443 20344 4122 1852 456621 519382 0 252809 110792 10688 39322 4212 417823 4888205 0.80830 0.76840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 172095 6369 178464 171967 128 172095 171967 171967 166967 5000 171967 161967 5000 166967 true false false 402435 402435 2604142 780389 1823753 150904 136657 14247 265888 247320 18568 2259003 ART COLLECTION 20760 INVESTMENT PROPERTIES 3122697 3143457 DEPOSITS 11041 Rounding 1 11042 X Part III, Line 4: Description of organization's collections and how it furthers its purpose. THE FOUNDATION DISPLAYS ITS COLLECTION OF SKI MEMORABILIA IN THE MAMMOTH SKI MUSEUM Part V, Line 4: Intended uses of the endowment fund. THE ENDOWMENT FUNDS ARE HELD IN A FINANCIAL INSTITUTION EARNING INTEREST AT THE MARKET RATE. THE PRINCIPAL BALANCE IS PERMANENTLY RESTRICTED. THE INTEREST INCOME EARNED IS RESTRICTED FOR STUDENT SCHOLARSHIPS AND IS TRANSFERED TO THE UNRESTRICTED FUNDS WHEN IT IS EARNED. Part X : FIN48 Footnote THE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH FIN 48, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FOUNDATION'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTED FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB FIN 48, INCOME TAXES, ALSO PROVIDES GUIDANCE ON DERECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN. BASED ON THIS ANALYSIS, A LIABILITY IS RECORDED IF UNCERTAIN TAX BENEFITS HAVE BEEN RECEIVED. THE FOUNDATION'S PRACTICE IS TO RECOGNIZE INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS IN THE TAX EXPENSE. THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED OR RELATED INTEREST AND PENALTIES RECORDED AS OF THE FISCAL YEAR END AND THE FOUNDATION DOES NOT EXPECT THIS TO CHANGE SIGNIFICANTLY OVER THE NEXT TWELVE MONTHS. 15000 THIRFT SHOP VA 17418 COST false false false Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: The Forest Island Project is an art and advocacy program supporting contemporary artists and creative cultural innovators who are working at the highest levels in their fields through the organization of an artists and critical thinkers fellowship/residency.The Mammoth Lakes Foundation also operates the small Mammoth Ski Museum. Two rooms display photos and memorabilia describing the history of the region and development of the local ski area. The Mammoth Lakes Foundation has extensive landholdings and is working to develop future land use projects for the benefit of the local community. The Foundation is currently pursuing the construction of a larger theatre in partnership with Cerro Coso Community College, the Town of Mammoth Lakes, and other donors. Form 990, Part VI, Section B, Line 11b THE EXECUTIVE DIRECTOR AND ACCOUNTANT REVIEW THE FORM 990 BEFORE IT IS FILED. Form 990, Part VI, Section B, Line 12c BOARD MEMBERS AND EMPLOYEES ARE EXPECTED TO BE ALERT FOR AND AVOID SITUATIONS WHICH MIGHT BE CONSTRUED AS CONFLICTS OF INTEREST. ANY POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY BOARD MEMBER SHOULD BE DISCLOSED IN WRITING TO THE EXECUTIVE COMMITTEE AND MADE A MATTER OF RECORD. Form 990, Part VI, Section B, Line 15a THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED AS PART OF THE ANNUAL BUDGET PROCESS WITH THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE USES COMPARABILITY DATA FROM SIMILAR ORGANIZATIONS IN THE COMMUNITY. THE BOARD VOTES TO APPROVE THE EXECUTIVE DIRECTOR'S SALARY. Form 990, Part VI, Section C, Line 19 ANY INTERESTED PARTIES WHO DESIRE TO OBTAIN A COPY OF ANY OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIY AND FINANCIAL STATEMENTS CAN CONTACT THE OFFICE AND REQUEST A PAPER COPY. ANY DOCUMENTS REQUESTED ARE PRINTED AND HANDED TO THE INTERESTED PARTIES AT THE OFFICE.