2024-05-14T10:32:56-05:00 2023-06-30 310800053 CLARK SCHAEFER HACKETT & CO 14 EAST MAIN STREET SUITE 500 SPRINGFIELD OH 45502 990 2022-07-01 510146485 LORAIN COUNTY COMMUNITY COLLEGE FOUNDATION LORA 4403664039 1005 NORTH ABBE ROAD ELYRIA OH 44035 TRACY GREEN VICE PRESIDENT 4403664039 2024-05-10 1 TRACY GREEN 999009999 0 NATOSHA CARR P01225377 9373992000 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TRACY GREEN 1005 NORTH ABBE ROAD ELYRIA OH 44035 21294489 0 X LCCCFOUNDATION.ORG X 1973 OH LORAIN COUNTY COMMUNITY COLLEGE FOUNDATION ASSEMBLES AND UTILIZES RESOURCES TO SUPPORT THE MISSION AND VISION OF LORAIN COUNTY COMMUNITY COLLEGE (LCCC). WE ENHANCE OUR COMMUNITY'S QUALITY OF LIFE BY INVESTING IN KEY LCCC PRIORITIES THAT PRESENT THE GREATEST IMPACT AND GROWTH OPPORTUNITIES FOR THE PEOPLE OF THE COMMUNITY. 56 56 0 100 0 0 2986132 1044059 358304 30789 1838007 2968695 -34513 -32177 5147930 4011366 1845522 2236458 0 0 556337 566479 22500 22025 484512 507250 506954 2931609 3331916 2216321 679450 56305476 60528813 296136 644046 56009340 59884767 X THE LCCC FOUNDATION PROVIDES SUPPORT TO EACH OF THE CORNERSTONES OF LORAIN COUNTY COMMUNITY COLLEGE THROUGH SCHOLARSHIPS AND FACULTY DEVELOPMENT (EDUCATION), INNOVATION FUND (ECONOMIC), SUPPORT FOR STOCKER ARTS CENTER PROGRAMMING (CULTURE), AND SUPPORT FOR CAMPUS GRANTS PROJECTS (COMMUNITY). 0 0 1234477 1234477 LCCC AND LCCC UNIVERSITY PARTNERSHIP SCHOLARSHIP PROGRAM:THE LCCC FOUNDATION PROVIDED AND ESTIMATED 2,658 SCHOLARSHIPS TO STUDENTS OF THE LORAIN COUNTY COMMUNITY COLLEGE AND THE LCCC UNIVERSITY PARTNERSHIP PROGRAM. AWARDS ARE MADE BASED ON ACADEMIC SUCCESS, FINANCIAL NEED, AND/OR TALENT. THE AWARDS RANGE FROM THE MORE BROAD AND GENERAL SUPPORTING THE WIDE COLLEGIATE COMMUNITY TO THOSE MORE FOCUSED ON SUPPORTING SPECIFIC CURRICULUM SUCH AS NURSING, HEALTHCARE, AND STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH). 266000 266000 RICHARD DESICH SMART COMMERCIALIZATION CENTER FOR MICROSYSTEMS:THE LCCC FOUNDATION PROVIDED FINANCIAL SUPPORT FOR THE FURTHER DEVELOPMENT AND OPERATIONS OF THE RICHARD DESICH SMART COMMERCIALIZATION CENTER FOR MICROSYSTEMS AT THE LCCC CAMPUS. SMART IS A WORLD CLASS MEMS DEVELOPMENT FOUNDRY THAT PROVIDES COST-EFFECTIVE TECHNICAL, FACILITY, AND EQUIPMENT RESOURCES TO STARTUPS, INDUSTRY/ACADEMIC RESEARCHERS, AND FEDERAL AGENCIES THAT ARE DEVELOPING MEMS-BASED SENSOR PRODUCTS. 168972 168972 EMERGENCY STUDENT AID AND ARC SUPPORT:THE LCCC FOUNDATION PROVIDED FINANCIAL SUPPORT TO REMOVE BARRIERS TO STUDENT COMPLETION BY PROVIDING FUNDING ASSISTANCE TO PAY FOR UNEXPECTED EMERGENCIES. SUCH ASSISTANCE INCLUDED PAYING FOR TRANSPORTATION COSTS, MEALS, TEMPORARY HOUSING, TECHNOLOGICAL SUPPORT, INTERNET ACCESS, UTILITY SHUTOFF NOTICES, COMMUNICATIONS, COUNSELING, AS WELL AS PHYSICAL AND MENTAL HEALHCARE. SERVICES ARE MANAGED BY THE LCCC ARC (ADVOCACY AND RESOURCE CENTER). 811948 567009 31755 OTHER SUPPORT FOR LORAIN COUNTY COMMUNITY COLLEGE 811948 567009 31755 2481397 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 56 56 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X LISA BROWN 4403664039 1005 N ABBE RD ELYRIA OH 44035 MARCIA BALLINGER PRESIDENT AND CEO, DIRECTOR 0.50 X X 0 0 0 PHIL BAPTISTE CHAIR, DIRECTOR 0.50 X X 0 0 0 CATHY DIETLIN VICE CHAIR, DIRECTOR 0.50 X X 0 0 0 JAMES MIRALDI VICE CHAIR, DIRECTOR 0.50 X X 0 0 0 GREG THAXTON TREASURER, DIRECTOR 0.50 X X 0 0 0 PHILIP AMOS ASST. TREASURER, DIRECTOR 0.50 X X 0 0 0 JOHN SCHAEFFER SECRETARY, DIRECTOR 0.50 X X 0 0 0 DAVID HERZER ASST. SECRETARY, DIRECTOR 0.50 X X 0 0 0 ROY CHURCH DIRECTOR 0.50 X 0 0 0 JOSEPH CIRIGLIANO DIRECTOR 0.50 X 0 0 0 RONALD COCCO DIRECTOR 0.50 X 0 0 0 BEN COOKE DIRECTOR 0.50 X 0 0 0 JAMES CORDES DIRECTOR 0.50 X 0 0 0 JON CROMLING DIRECTOR 0.50 X 0 0 0 JEFF DESICH DIRECTOR 0.50 X 0 0 0 GARY DISTELHORST DIRECTOR 0.50 X 0 0 0 SUSANNE DOTSON DIRECTOR 0.50 X 0 0 0 KEVIN FLANIGAN DIRECTOR 0.50 X 0 0 0 GAIL FLANIGAN DIRECTOR 0.50 X 0 0 0 CHAR GARDINER DIRECTOR 0.50 X 0 0 0 TESS GARDNER DIRECTOR 0.50 X 0 0 0 JOHN GAUDRY DIRECTOR 0.50 X 0 0 0 MARC GUAY DIRECTOR 0.50 X 0 0 0 KENT HAGEMAN DIRECTOR 0.50 X 0 0 0 BOB HEINRICH DIRECTOR 0.50 X 0 0 0 MICHELE HENES DIRECTOR 0.50 X 0 0 0 BRIAN HOAGLAND DIRECTOR 0.50 X 0 0 0 JOHN HRUSKA DIRECTOR 0.50 X 0 0 0 WILLIAM HUDNUTT DIRECTOR 0.50 X 0 0 0 JOHN HUNTER DIRECTOR 0.50 X 0 0 0 JERRY INNES DIRECTOR 0.50 X 0 0 0 JAMES JORDAN DIRECTOR 0.50 X 0 0 0 RUSTOM KHOURI DIRECTOR 0.50 X 0 0 0 TIM KING DIRECTOR 0.50 X 0 0 0 DONALD KNECHTGES DIRECTOR 0.50 X 0 0 0 JOSEPH MCALEESE DIRECTOR 0.50 X 0 0 0 GREG MULACH DIRECTOR 0.50 X 0 0 0 SUNDARAM NAGARAJAN DIRECTOR 0.50 X 0 0 0 KEVIN NELSON DIRECTOR 0.50 X 0 0 0 DONALD ORTNER DIRECTOR 0.50 X 0 0 0 TOMIE PATTON DIRECTOR 0.50 X 0 0 0 MARGARITA QUINONES DIRECTOR 0.50 X 0 0 0 DAN REASER SR DIRECTOR 0.50 X 0 0 0 MARK SEIDEL DIRECTOR 0.50 X 0 0 0 DONALD SHELDON DIRECTOR 0.50 X 0 0 0 MICHAEL SHERMAN DIRECTOR 0.50 X 0 0 0 MARK SKELLENGER DIRECTOR 0.50 X 0 0 0 BARRY SMITH DIRECTOR 0.50 X 0 0 0 REBECCA STARCK DIRECTOR 0.50 X 0 0 0 BRUCE STEVENS DIRECTOR 0.50 X 0 0 0 GAIL STUMPHAUZER DIRECTOR 0.50 X 0 0 0 DARRYL TUCKER DIRECTOR 0.50 X 0 0 0 SANFORD WASHINGTON JR DIRECTOR 0.50 X 0 0 0 DALE YOST DIRECTOR 0.50 X 0 0 0 JEFFREY ZELLERS DIRECTOR 0.50 X 0 0 0 MARIA ZOLLI DIRECTOR 0.50 X 0 0 0 TRACY GREEN VICE PRESIDENT, COO 0.50 X 0 0 0 LISA BROWN EXECUTIVE DIRECTOR 40.00 X 147066 0 34049 CHARLES WIERSMA DIRECTOR, FINANCE AND OPERATIONS 40.00 X 97208 0 26632 244274 0 60681 1 0 1 0 0 118488 75000 850571 1044059 INNOVATION FUND REPLENISHMENT INC 900099 30789 30789 30789 1521152 1521152 18607561 17160018 1447543 1447543 1447543 89962 118488 123105 -33143 -33143 MISCELLANEOUS REVENUE 900099 966 966 966 4011366 31755 0 2935552 825552 825552 1410906 1410906 245227 112393 132834 188257 49094 139163 60442 22387 38055 65841 26321 39520 6712 2528 4184 17707 17707 150000 150000 22025 22025 94065 94065 2786 2227 22 537 40 40 63421 38313 12549 12559 59301 12000 7325 39976 133 133 18826 1990 3926 12910 3354 3354 7009 7009 RECOGNITION, CULTIVATIO 34008 16383 17625 MEMORIALS 20004 7533 12471 COMMUNITY SPONSORSHIPS 13919 1923 11996 OTHER EXPENSES 12435 4584 7327 524 9946 9946 3331916 2481397 366007 484512 2817484 887770 543036 1447609 911161 16131 10586 45871 36623 11181 9248 52013071 58167012 56305476 60528813 258611 576771 37525 67275 296136 644046 X 3504229 3933827 52505111 55950940 56009340 59884767 56305476 60528813 679450 3195977 0 X X 0 1 X 1 0 X 1249833 1721705 2652619 2986132 1044059 9654348 1249833 1721705 2652619 2986132 1044059 9654348 9654348 1620649 1258152 1556089 2358478 1521152 8314520 79676 82515 24665 67457 90928 345241 18314109 1125874 0.52720 0.54020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150000 150000 2331397 2481397 274070 68518 0 0 274315 257658 253737 274070 1059780 1589670 225000 150000 150000 150000 675000 68579 64415 63434 68518 264946 397419 43610780 332599 5118777 870776 326387 575812 47289181 50580191 1746423 -7017669 892791 354610 450764 43610780 40805465 823654 10463918 885050 200706 427090 50580191 40485370 676090 1239070 757165 426738 411162 40805465 39356202 591999 2127044 675685 525886 388304 40485370 0.02531 0.92852 0.04617 0 0 45871 36623 9248 9248 X 7233115 3195977 119837 3315814 3917301 94065 94065 4011366 3357688 119837 119837 3237851 94065 94065 3331916 PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS- THE FOUNDATION'S ENDOWMENT INCLUDES 198 SCHOLARSHIP FUNDS AND 23 PROGRAM FUNDS. THE FOUNDATION'S OBJECTIVE FOR ITS ENDOWMENT IS TO PRESERVE THE FAIR VALUE OF THE ASSETS AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. ALL WITHDRAWALS OR TRANSFERS TO OTHER FUNDS ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) AS A NON-GOVERNMENTAL, NON-PROFIT ENTITY UNDER PROVISIONS OF THE INTERNAL REVENUE CODE. THE FOUNDATION HAS ALSO BEEN CLASSIFED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170 OF THE INTERAL REVENUE CODE. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. AS OF JUNE 30, 2023, THE FOUNDATION'S INCOME TAX YEARS FROM 2019 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS VARIOUS STATE AND LOCAL TAXING AUTHORITIES. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 2000000 0 0 0 0 0 0 2000000 0 2000000 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X 0 JEFF BAGEL EADVANCEMENT LLC 5590 MAIN ST SUITE 2 BUFFALO NY 14221 QUARTERLY MAILINGS, MAILED COMMUNICATIONS, WEB DEVELOPMENT 0 0 21000 -21000 21000 -21000 SCHOLARSHIP GOLF BENEFIT 98001 56861 41140 17443 32413 10500 21810 FUNDING FUTURES 52309 32678 19631 2112 500 12143 1 58140 28949 29191 530 23679 500 1475 208450 118488 89962 17973 58204 11500 35428 123105 -33143 1 LORAIN COUNTY COMMUNITY COLLEGE 1005 N ABBE ROAD ELYRIA OH 44035 340930187 501(C)(3) 825552 0 SEE PART IV 1 0 SCHOLARSHIPS 2658 1234477 TO PROVIDE FINANCIAL ASSISTANCE WITH TUITION, FEES, BOOKS, AND EDUCATION RELATED EXPENSES TO LCCC AND LCCC UNIVERSITY PARTNERSHIP STUDENTS. FACULTY AWARDS 8 8000 TO PROVIDE FACULTY AWARDS AS INCENTIVES AND RECOGNITION FOR PERFORMANCE AND THE CONTINUING PURSUIT OF EXCELLENCE. EMERGENCY STUDENT ASSISTANCE 333 166429 TO PROVIDE FINANCIAL SUPPORT FOR VARIOUS FORMS OF EMERGENCY ASSISTANCE (FOOD, HOUSING, TRANSPORTATION, COMMUNICATIONS, UTILITIES, ETC.) ON BEHALF OF LCCC AND LCCC UNIVERSITY PARTNERSHIP STUDENTS SO THAT THEY MAY OVERCOME THE BARRIERS TO COMPLETING THEIR EDUCATION. PROGRAM AWARDS 5 2000 NEOLAUNCHNET ENTREPRENUERIAL EXPERIENCES MICROGRANT AWARDS. NEO LAUNCHNET OFFERS GUIDANCE, MENTORING, COACHING AND ACCESS TO LOCAL RESOURCES TO STUDENTS, ALUMNI AND FACULTY, SO THEY CAN GAIN EXPERIENCE IN ENTREPRENEURSHIP. X X 0 0 0 0 0 0 0 0 0 LISA BROWN EXECUTIVE DIRECTOR 142916 0 0 0 4150 0 20522 0 13527 0 181115 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 REPORTABLE RELATIONSHIPS- THE FOLLOWING INDIVIDUALS HAVE FAMILY RELATIONSHIPS: KEVIN FLANIGAN AND GAIL FLANIGAN; DR. MARCIA BALLINGER AND JAMES CORDES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW - FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS WITH ASSISTANCE OF THE OUTSIDE PUBLIC ACCOUNTING FIRM BEFORE IT IS FILED. FORM 990 PROVIDED TO GOVERNING BODY - BECAUSE OF THE CONFIDENTIAL NATURE OF DONOR INFORMATION, THE FOUNDATION HAS CHOSEN NOT TO SHARE THE NAMES AND ADDRESSES OF DONORS LISTED ON SCHEDULE B WITH THE BOARD OF DIRECTORS. THE FOUNDATION THEREFORE PROVIDED A COPY OF FORM 990 TO THE BOARD BUT REDACTED THE NAMES AND ADDRESSES OF DONORS FROM SCHEDULE B. AS SUCH, WE ARE REQUIRED TO ANSWER "NO" TO THE QUESTION ON LINE 11A OF PART VI EVEN THOUGH THE BOARD WAS GIVEN FORM 990 BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY - ANNUALLY, THE BOARD OF DIRECTORS ARE REQUIRED TO REVIEW AND SIGN THE OATH OF OFFICE CONTRACT THAT ADDRESSES THE CONFLICT OF INTEREST POLICY. WHEN A CONFLICT OF INTEREST ARISES, THE PERSON IS NOT PERMITTED TO PARTICIPATE IN THE DISCUSSION OF THE PROPOSED TRANSACTION OR TO VOTE ON THE MATTER. THE DECISION ABOUT THE TRANSACTION IS MADE BY PERSONS WHO ARE INDEPENDENT OF THE INDIVIDUAL WITH THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW AND APPROVAL- COMPENSATION FOR ALL POSITIONS WITHIN THE FOUNDATION ARE DETERMINED BASED ON THE APPROVED PAY SCALES THAT ARE ESTABLISHED BY THE LORAIN COUNTY COMMUNITY COLLEGE. ALL EMPLOYEES HAVE AND MAINTAIN A WRITTEN CONTRACT, AND COMPENSATION INCREASES ARE BASED ON APPROVAL BY THE COLLEGE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS- THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT POLICY AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED.