2024-11-15T07:56:41-06:00 2024-06-30 383635706 REHMANN ROBSON LLC 675 ROBINSON RD JACKSON MI 49203 990 2023-07-01 382372751 LANSING COMMUNITY COLLEGE FOUNDATION LANS 5174831985 309 N WASHINGTON SQUARE SUITE 201 LANSING MI 48933 CATHY ZELL EXECUTIVE DIRECTOR 5174831985 2024-11-08 1 0 LAURA E COSTON CPA P01750862 5177876503 2024-11-08 2023 2024-10-15 13:58:12Z CATHY ZELL 309 N WASHINGTON SQUARE SUITE 201 LANSING MI 48933 6065612 0 X WWW.LCC.EDU/FOUNDATION X 1981 MI TO PROVIDE SUPPORT TO INSPIRE AND ENABLE THE PURSUIT OF EDUCATION FOR THE BETTERMENT OF ALL. 17 15 0 164 0 0 1028917 1122249 0 0 -163563 295896 0 0 865354 1418145 643828 735254 0 0 0 0 0 0 77491 236932 271808 880760 1007062 -15406 411083 19441052 21980417 25273 27405 19415779 21953012 THE LANSING COMMUNITY COLLEGE FOUNDATION PROVIDES SUPPORT TO INSPIRE AND ENABLE THE PURSUIT OF EDUCATION FOR THE BETTERMENT OF ALL. OUR DONORS CHANGE LIVES AND ENRICH OUR COMMUNITY. 0 0 854606 735254 EDUCATION: PROVIDE SUPPORT TO LANSING COMMUNITY COLLEGE FOR EDUCATIONAL PURPOSES INCLUDING THE PROMOTION, SPONSORSHIP, AND CARRYING OUT OF EDUCATIONAL, CHARITABLE AND RELATED ACTIVITIES. 854606 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 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 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X X X SCOTT SKOWRONEK 5174831989 309 N WASHINGTON SQUARE SUITE 201 LANSING MI 48933 RHONDA JONES DIRECTOR 1.00 X 0 0 0 VICTORIA MEADOWS DIRECTOR 1.00 X 0 0 0 LOLO ROBISON VICE CHAIRPERSON 1.00 X X 0 0 0 CHRISTOPHER KECK DIRECTOR 1.00 X 0 0 0 ANGELA MATHEWS DIRECTOR 1.00 X 0 0 0 WILLIAM HOWE SECRETARY 1.00 X X 0 0 0 LASHUNDA THOMAS DIRECTOR 1.00 X 0 0 0 AMBER STAIRS EDF CHAIRPERSON (BEG. 2/22/24) 1.00 40.00 X 0 0 0 DR STEVE ROBINSON DIRECTOR 1.00 40.00 X 0 284827 118878 KELLY CROSSER CHAIRPERSON 1.00 X X 0 0 0 BRYANNA BENOIT TREASURER 1.00 X X 0 0 0 JAY DE LOS REYES DIRECTOR 1.00 X 0 0 0 DAVID FERGUSON DIRECTOR 1.00 X 0 0 0 BEN BAKKEN DIRECTOR 1.00 X 0 0 0 RICH HOWARD DIRECTOR 1.00 X 0 0 0 JILL MARLAN DIRECTOR 1.00 X 0 0 0 NICOLE NOLL-WILLIAMS DIRECTOR 1.00 X 0 0 0 TIM BAKER EDF CHAIRPERSON (END 10/18/23) 1.00 40.00 X 0 70813 23190 CATHY ZELL EXECUTIVE DIRECTOR 40.00 X 0 121153 35871 0 476793 177939 0 0 1 0 0 1122249 1250 1122249 555334 555334 4388029 4647467 -259438 -259438 -259438 1418145 0 0 295896 1250 1250 734004 734004 449 449 12435 12435 42413 38100 4313 1050 1050 81025 52605 350 28070 32755 458 12293 20004 15899 4996 8334 2569 OTHER 32264 23193 8977 94 CONSULTING 17270 10450 6820 SHARED EMPLOYEE EXPENSE 16707 16707 BAD DEBTS 11002 11002 8539 6362 2177 1007062 854606 74965 77491 835081 695043 414272 437104 10000 47998 23066 23066 18158633 20777206 19441052 21980417 25273 27405 25273 27405 X 330952 593263 19084827 21359749 19415779 21953012 19441052 21980417 411083 2126150 0 X X 0 1 X 1 0 X 590793 882382 2407099 1028917 1122249 6031440 590793 882382 2407099 1028917 1122249 6031440 317774 5713666 367996 310927 849370 502980 555334 2586607 8618047 0.66300 0.66470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17593580 466388 2228868 377721 -950 267404 19574661 15820305 495336 1693151 229047 -40501 226666 17593580 17298264 1778697 -2747714 308231 -7696 208407 15820305 13069266 420824 4067535 186073 -119907 193195 17298264 12932904 199228 257227 147994 -1400 173499 13069266 0.00000 0.68000 0.32000 0 0 0 X 4017826 2126150 515944 2642094 1375732 42413 42413 1418145 1480593 515944 515944 964649 42413 42413 1007062 PART V, LINE 4: THE FOUNDATION INTENDS TO USE ITS ENDOWMENTS FUNDS FOR THE VARIETY OF SPECIFIC PURPOSES THEY WERE ESTABLISHED. PART X, LINE 2: THE FOUNDATION IS CLASSIFIED AS A PUBLIC SUPPORTED ORGANIZATION UNDER CODE SECTION 509(A)(1) AND IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ONLY UNRELATED BUSINESS INCOME, IF ANY, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE FOUNDATION CONSIDERS WHETHER IT HAS ENGAGED IN ACTIVITIES THAT JEOPARDIZE ITS CURRENT TAX-EXEMPT STATUS WITH THE INTERNAL REVENUE SERVICE. FURTHERMORE, THE FOUNDATION DETERMINES WHETHER IT HAS ANY UNRELATED BUSINESS INCOME, WHICH MAY BE SUBJECT TO FEDERAL OR STATE INCOME TAXES. THE FOUNDATION TREATS INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, AND REFLECTS ANY CHARGES FOR SUCH, TO THE EXTENT THEY ARISE, AS A COMPONENT OF ITS MANAGEMENT AND GENERAL EXPENSES. THE FOUNDATION HAS EVALUATED ITS TAX POSITIONS FOR FISCAL 2021 THROUGH 2024, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2024. THE FOUNDATION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G. TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE FOUNDATION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTB AT JUNE 30, 2024 OR 2023, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. 1 RESTRICTED DEPARTMENT/EMPLOYMENT GRANTS 143 249831 RESTRICTED SCHOLARSHIPS 152 312350 RESTRICTED ENDOWMENT SCHOLARSHIPS 218 171323 GANNON SCHOLARSHIPS 1 500 PART I, LINE 2: THE FOUNDATION MAINTAINS A SPREADSHEET OF ALL SCHOLARSHIPS AWARDED. WHEN WE GET COLLEGE BILLING OF THE SCHOLARSHIPS WE COMPARE THAT TO THE INDIVIDUAL AWARDS AND MAKE CHANGES TO THE AWARD SPREADSHEET. 0 0 0 0 0 0 0 0 0 DR STEVE ROBINSON DIRECTOR 0 284827 0 0 0 0 0 97616 0 21262 0 403705 0 0 CATHY ZELL EXECUTIVE DIRECTOR 0 121153 0 0 0 0 0 14887 0 20984 0 157024 0 0 X EDUCATIONAL CLASS 1 1000 FAIR MARKET VALUE X COOKING MATERIALS 1 200 FAIR MARKET VALUE X SMALL EQUIPMENT 1 50 FAIR MARKET VALUE 0 1 0 PART I, LINE 32B: ALL NON-CASH CONTRIBUTIONS MUST BE RECEIVED BY THE FOUNDATION PRIOR TO BEING TRANSFERRED TO THE COLLEGE. FORM 990, PART VI, SECTION A, LINE 4 ORGANIZATION UPDATED BYLAWS JUNE 27, 2024 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE DOCUMENT WITH LCC FINANCIAL SERVICES STAFF, FOUNDATION FINANCE COMMITTEE CHAIR AND A FINAL COPY IS MAILED TO BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C EVERY BOARD MEMBER COMPLETES A CONFLICT OF INTEREST QUESTIONNAIRE EACH YEAR. IF A CONFLICT OF INTEREST IS NOTED, THE BOARD CHAIRMAN IS ALERTED AND DISCUSSES THE CONFLICT WITH THE MEMBER. THE DISCUSSION IS BROUGHT TO THE EXECUTIVE COMMITTEE WHICH DECIDES IF THE CONFLICT IS A CONCERN OR ISSUE. IF IT IS, THE COMMITTEE WILL MEET WITH THE MEMBER FOR RESOLUTION OF THE CONFLICT WHICH MAY INCLUDE RESIGNATION. FORM 990, PART VI, SECTION B, LINE 15 SINCE THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES, THEY DO NOT HAVE A COMPENSATION POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS FOR SELECTING AND OVERSEEING THE WORK OF THE INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR LANSING COMMUNITY COLLEGE 500 N CAPITOL AVE LANSING MI 48933 381787641 HIGHER EDUCATION MI GOVERNMENT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 LANSING COMMUNITY COLLEGE O 390365 ACTUAL COSTS LANSING COMMUNITY COLLEGE N 125579 ACTUAL COSTS