2024-05-15T10:52:07-05:00 2023-06-30 454060696 CCA LLP 2300 Contra Costa Blvd Pleasant Hill CA 94523 990 2022-07-01 710942040 Las Positas College Foundation LASP 9254241010 3000 Campus Hill Drive Livermore CA 945517623 Timothy Cooper Treasurer 9254241010 2024-05-15 1 Timothy Cooper 999009999 0 CCA LLP P00587987 9256852911 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Kenneth Cooper 3000 Campus Hill Drive Livermore CA 945517623 1503359 0 X www.lpcfoundation X 2003 CA The mission of the Organization is to support and advance the college and its students. 11 11 0 15 0 0 400029 461938 0 0 730471 387383 0 0 1130500 849321 478490 413479 0 0 137720 183298 0 0 55930 199816 336893 816026 933670 314474 -84349 9751542 10143069 274854 183831 9476688 9959238 X To support and advance the College and its students through active resource development and effective community partnerships. 0 0 718133 413479 The Foundation believes that affordable, high-quality education and career training are critical to the success of the Tri-Valley and its residents. Unfortunately, state funding often falls short of meeting critical student and program needs. Accordingly, the Members of the Board are dedicated to pursuing alternative support for the College through gifts, bequests, grants, and strategic partnerships with local businesses and organizations.The basic cost of a California community college education is a remarkable bargain for students wishing to prepare for transfer to a four-year institution or for those who want career technical instruction. Class fees for residents are just $46 per credit. However, the true actual and emotional costs of higher education must also include childcare, transportation, and lost work and family time. Far and away, the most easily quantified additional costs are for supplies, principally textbooks. A single textbook can cost over$100 and often exceeds $400. Sadly, these "extra" costs can force some students to attempt to take classes without a textbook or, worse, drop out of college. Making scholarships available to Las Positas College students is critical to their success. Each year, the Las Positas College Foundation makes grants available to students based on need and/or academic achievement. Scholarships are most often offered to any student who qualifies, but some are focused on special types of students. This includes re-entry, first-generation, STEM, and Veteran cohort groups.Beyond direct aid to students in the form of scholarships, The Las Positas College Foundation supports a broad array of programs that enhance the learning and collegiate experience of its students and the ability of faculty to be more effective. Examples of these other types of support are:Scholarships: One of the primary missions of the Foundation is to provide scholarships. To date almost $2 million has been awarded to deserving students. The largest endowed fund is comprised of the Mertes Scholarships for Performing Arts, Transfer, Allied Health, and Athletics. Teaching and Learning Initiatives:-Staff Development -Faculty Enriched Programs -Student Government Textbook Loaner Program-Continued support for Math Jam, Sandia Science Bowl, and collaboration with Umoja and Puente learning communities.Emerging Science Programs: -Sandia Science Bowl -Collaboration with Puente program STEM projects-Lawrence Livermore National Laboratories Internship Program for LPC Veteran StudentsAthletics:-Awarded $10,000 in scholarship awards to deserving male & female student-athletes on LPC Basketball teams Performing Arts: The Performing Arts Program and Las Positas College is supported by the Foundation through Cycle Grants and special fundraising, including a dedicated campaign for the college's All Steinway designation and assistance with a gala fundraising event. Scholarships are provided for performing arts students continuing their studies at LPC or transferring to a four-year college. Veteran Student Support: The Foundation strongly supports veterans enrolled at LPC. The Veterans Resource Center provides wrap-around services such as textbook and laptop programs, tutoring, scholarship assistance, counseling and help with jobs and housing. The Foundation assists with the coordination of the Cycling 4 Veterans event, raising over $60,000 for campus and community veteran support programs.Literary and Performing Arts:-LPC Express student newspaper -Campus and Community focused Literary Magazine, Anthology and Naked Magazine-Literary Arts Festival-Las Po Film Festival-Theater Performances of Drama, Dance and Music -Black History Month Programming and Activities-Award-winning Speech and Debate TeamTutoring: The award-winning LPC Math Jam program helps students reach their goals and is offered at no cost. The Foundation also supports the RAW Center, for student assistance in reading and writing. Textbook Assistance: The Foundation supports a free textbook rental program to help students reduce the cost of college attendance. Athletics: Two scholarships are designated for male and female students in the basketball program. The Foundation also assists the department with fundraising infrastructure needs.Teaching and Learning Initiatives: The Foundation provides funding for innovative teaching and learning projects to the faculty and staff of Las Positas College. These Grants provide support for student success, teaching and learning effectiveness, and campus community development.Diversity, Inclusion and Anti-Racism Efforts:The Foundation continues to partner with the College President's Office on the President's Speaker Series. In 2023/24, the series served as an integral part of the campus' strategic efforts related to diversity, inclusion, anti-racism, and caring campus initiatives. Support for Students with Children: The Foundation provides scholarships for children of Las Positas College students to attend the LPC Early Childhood Development Center. Parents can reach their educational goals knowing their children are in a high-quality preschool program. 718133 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 14 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X The Organization 9254241014 3000 Campus Hill Drive Livermore CA 945517623 Stephen Lanza Chair 2.00 X X 0 0 0 Lori Souza Immediate Past Chair 2.00 X X 0 0 0 Charles Crohare Treasurer 2.00 X X 0 0 0 Dyrell Foster Secretary 2.00 X X 0 0 0 Gavin Shea Director 2.00 X 0 0 0 Lynn Seppala Director 1.00 X 0 0 0 Jim Ott Director 2.00 X 0 0 0 Beth McCormick Director 1.00 X 0 0 0 Kirsten Barranti Director 1.00 X 0 0 0 Barry Russell Director 1.00 X 0 0 0 Cynthia Ross Director 1.00 X 0 0 0 Timothy Cooper Director 1.00 X 0 0 0 Monica Davila Director 1.00 X 0 0 0 Michelle Walker-Wade Director 1.00 X 0 0 0 Anette Raichbart Director 1.00 X 0 0 0 Kenneth Cooper Executive Director 40.00 X 51325 109237 15665 51325 109237 15665 0 0 1 0 0 25125 436813 461938 389251 389251 652170 654038 -1868 -1868 -1868 0 25125 0 0 849321 0 0 387383 413479 413479 55260 13815 16578 24867 64912 32270 32642 63126 24949 26269 11908 613 613 54797 20417 34380 27297 18171 8750 376 12692 10039 1440 1213 4860 1747 2402 711 34445 375 27729 6341 883 883 10098 4000 6023 75 520 520 Student activities 129323 129323 Program events & suppli 50342 47475 1427 1440 Bank charges 9827 300 564 8963 Other expenses 1196 1160 36 933670 718133 159607 55930 435843 449664 523 6510 9315176 9686895 9751542 10143069 57154 50649 217700 133182 274854 183831 X 115637 87711 9361051 9871527 9476688 9959238 9751542 10143069 -84349 566899 0 X 1 X 0 0 0 X 772177 1148574 620946 400029 461938 3403664 772177 1148574 620946 400029 461938 3403664 1354394 2049270 430290 254979 218457 239570 209306 1352602 4756266 0.43090 0.40520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8238435 848000 223284 198935 8664216 9820257 -1106332 317637 157853 8238435 7174745 339500 2837493 405185 126296 9820257 7399764 650000 -694001 88633 92385 7174745 7845271 350000 -110888 609539 75080 7399764 1.00000 1 0 0 X Part V, Line 4: The Foundation participates in the California Community Colleges Scholarship Program through the Foundation for California Community Colleges (FCCC). This program challenged community colleges and their related foundations to raise additional contributions to be designated as part of a permanent endowment for the FCCC's Osher Scholarship Endowment. At June 30, 2023, $345,275 was held as net assets with donor restrictions. These funds are not in the possession of the organization and are being held by the Foundation for California Community Colleges. Between 2017 and 2021, the Foundation received bequest funds from the Mertes Family Trust. The funds were used to establish three Mertes scholarship endowments to offer scholarships to students in the Allied Health Field, Performing Arts, and also to offer scholarships to students transferring to four-year institutions with any major. At June 30 ,2023, the value of the restricted funds was $8,318,940. From time to time, the fair value for donor-restricted endowment funds may fall below the level that the donor requires LPCF to retain as a fund of perpetual duration. For the year ended June 30, 2023, the Foundation had a surplus of $173,163 in the endowment funds. For the year ended June 30, 2022, the Foundation had a deficiency of $252,618 in endowment funds. These deficiencies resulted from unfavorable market fluctuations during the year. The Board of Directors has established a prudent policy for management of these donor-restricted endowment funds. Part X, Line 2: Each year management considers whether any material tax position the Foundation has taken is more likely than not to be sustained upon examination by the applicable taxing authority. Management believes that any positions the Foundation had taken are supported by substantial authority and, hence, do not need to be measured or disclosed in the finanical statments. Music Department 13452 13452 2.2 Challenge Walk 8123 8123 21575 21575 1 Student Scholarships 152 368932 Program Support Grants 63 44547 0 0 0 0 0 0 0 0 0 Kenneth Cooper Executive Director 51325 109237 0 0 0 0 0 0 4619 11046 55944 120283 0 0 Part I, Line 3 All salaries, including executive director compensation, are paid through the College, the related organization. The College follows internally established guidelines to determine executive compensation. Salaries are then reviewed and approved by the Board. The Foundation issues partial reimbursements to the College for wages and related benefit expenses. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the finance committee and the treasurer and submitted to the board for approval prior to being filed. Form 990, Part VI, Section B, line 12c The conflict of interest code is updated by each board member on an annual basis. Form 990, Part VI, Section B, line 15 Management is paid on a scale in line with that of the college salary scale. Salaries are determined by the college and approved by the board. Actual payroll is paid through the college and the organization reimburses the college for salary expenses. As a result, no W-2s were issued by the Foundation. Form 990, Part VI, Section C, line 19 All governing documents, conflict of interest policy, financial statements and the Form 990 are available at the Organization's offices upon request. Las Positas College 3000 Campus Hill Drive Livermore CA 94551 941670563 CA School 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0