2024-08-09T14:19:58-05:00 2023-12-31 450250958 EIDE BAILLY LLP 10681 FOOTHILL BLVD STE 300 RANCHO CUCAMONGA CA 917303831 990 2023-01-01 770391075 MONTEREY PENINSULA COLLEGE FOUNDATION MONT 8316464040 980 FREMONT ST MONTEREY CA 939404799 REBECCA MICHAEL EXECUTIVE DIRECTOR 8316464040 2024-08-06 1 1 CATHERINE L GRAY CPA P01294460 9094664410 2024-08-06 2023 2024-08-08 14:25:15Z REBECCA MICHAEL 980 FREMONT ST MONTEREY CA 939404799 4953235 0 X WWW.MPCFOUNDATION.ORG X 1994 CA TO ADVANCE THE EDUCATIONAL EXPERIENCE OF STUDENTS AND FACULTY OF MONTEREY PENINSULA COLLEGE 23 23 6 50 0 0 1750432 3198756 165308 140968 -1224073 397731 -10577 13942 681090 3751397 841108 1686160 0 0 534141 578724 0 0 206852 211173 198253 1586422 2463137 -905332 1288260 11010450 13579254 1009358 1209338 10001092 12369916 TO PROVIDE FINANCIAL ASSISTANCE TO MONTEREY PENINSULA COLLEGE (MPC) STUDENTS, AND ENHANCE THE LEARNING ENVIRONMENT AT MPC BY SUPPORTING FACULTY, STAFF, AND PROGRAMS. 0 0 204931 204931 224463 INSTRUCTIONAL & TEACHING MATERIALS AND EDUCATIONAL PROGRAM SUPPORT FOR MONTEREY PENINSULA COLLEGE 1730790 1481229 SCHOLARSHIPS AND GRANTS TO STUDENTS OF MONTEREY PENINSULA COLLEGE, A PUBLIC EDUCATIONAL INSTITUTION. 1935721 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 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 1 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X REBECCA MICHAEL 8316555507 980 FREMONT STREET MONTEREY CA 93940 STEVE CARDINALLI DIRECTOR 1.50 X 0 0 0 SUSIE BOUTONNET DIRECTOR 1.50 X 0 0 0 DEBBI ANTHONY TRUSTEE REPRESENTATIVE 1.50 X 0 0 0 CARLA BECERRA CLASSIFIED STAFF REPRESENTATIVE 1.50 40.00 X 0 64347 29777 JEREMY GREEN TREASURER 1.50 X X 0 0 0 TOM CLIFFORD DIRECTOR 1.50 X 0 0 0 JASON GRIFFIN EXECUTIVE COMMITTEE 1.50 X 0 0 0 JEAN HURD DIRECTOR 1.50 X 0 0 0 STEPHAN LINS PRESIDENT 4.00 X X 0 0 0 FRED HOCHSTAEDTER FACULTY REPRESENTATIVE 1.50 40.00 X 0 141468 29777 PAT MILOWICKI DIRECTOR 1.50 X 0 0 0 MARY ALICE RENNICK GENTRAIN REPRESENTATIVE 1.50 X 0 0 0 MARIA RUESS DIRECTOR 1.50 X 0 0 0 JOE SERVI DIRECTOR 1.50 X 0 0 0 JOYCE SIMON DIRECTOR 1.50 X 0 0 0 NATHAN STEEN VICE PRESIDENT 1.00 X X 0 0 0 LIN SULLIVAN EXECUTIVE COMMITTEE 1.50 X 0 0 0 LINDA YELLICH EXECUTIVE COMMITTEE 1.50 X 0 0 0 EVELYNE LAMSON SECRETARY 1.50 X X 0 0 0 ANDREW AUSONIO DIRECTOR 1.50 X 0 0 0 JEANETTE WALTON DIRECTOR 1.50 X 0 0 0 THERESA WRIGHT DIRECTOR 1.50 X 0 0 0 MARSHALL T FULBRIGHT III DIRECTOR/SUPT/PRES 1.50 40.00 X 0 147787 15597 STEVEN HAIGLER DIRECTOR 2.00 40.00 X 0 214820 32709 MARK ZACOVIC DIRECTOR 2.00 40.00 X 0 181340 24112 REBECCA MICHAEL EXECUTIVE DIRECTOR/NON VOT 2.00 38.00 X 0 217081 29777 0 966843 161749 0 0 1 0 0 140410 3058346 3198756 ADMINISTRATION INCOME 900099 140968 140968 140968 300803 300803 1229213 1132285 96928 96928 96928 0 140410 69553 -69553 -69553 EMPLOYEE RETENTION CREDIT 900099 83495 83495 83495 3751397 224463 0 328178 204931 204931 1481229 1481229 578724 182390 225781 170553 54619 54619 103179 67171 36008 19173 19173 19948 2822 17126 1334 1334 2463137 1935721 320564 206852 1103769 1161087 50458 32151 100 1667 1755 1755 20641 19130 956 1511 9464073 11958949 389339 422134 11010450 13579254 25591 87068 983767 1122270 1009358 1209338 X 1071374 1135164 8929718 11234752 10001092 12369916 11010450 13579254 X 1288260 1025572 54992 X 0 1 X 1 0 X 1976388 1777025 2033456 1750432 3198756 10736057 1976388 1777025 2033456 1750432 3198756 10736057 1439034 9297023 179286 25225 260644 278677 300803 1044635 73696 32851 83495 190042 11970734 511020 0.77660 0.82210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7290225 1416390 1139596 324523 -23888 9545576 8086230 574396 -1212096 233305 -75000 7290225 6955771 436339 916402 222282 8086230 6379917 16240 749921 190307 6955771 5093864 556107 936169 206223 6379917 0.89386 0.10614 1 0 20641 19130 1511 1511 INVESTMENTS 11958949 F 11958949 AMOUNTS HELD FOR MONTEREY PENINSULA COLLEGE 1122270 1122270 X 4833325 1025572 13016 70817 1109405 3723920 27477 27477 3751397 2518229 13016 69553 82569 2435660 27477 27477 2463137 PART V, LINE 4: STUDENT SCHOLARSHIPS AND FACULTY & STAFF ADVANCEMENT AWARDS PART X, LINE 2: THE FOUNDATION HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (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 69,553. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 1,264. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 27,477. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS-DIRECT EXPENSE 69,553. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 27,477. EVENING OF OPPORTUNITY 119890 119890 500 1001 19575 8204 4822 LOBOHALL OF FAME 8590 8590 10904 624 11930 11930 23923 140410 140410 500 1001 30479 8204 29369 69553 -69553 1 MONTEREY PENINSULA CCD 980 FREMONT ST MONTEREY CA 93940 942314506 115 204931 0 EDUCATIONAL PROGRAM SUPPORT STUDENT SCHOLARSHIPS, FACILTY AND STAFF ADVANCEMENT AWARDS 297 399518 FAIR MARKET VALUE STUDENT EMERGENCY ASSISTANCE 41 17449 FAIR MARKET VALUE INTERNSHIPS 11 11693 FAIR MARKET VALUE COLLEGE INCENTIVE PROGRAM 99 104520 FAIR MARKET VALUE NURSING SCHOLARSHIP FUND 948049 FAIR MARKET VALUE PART I, LINE 2: CONTRIBUTIONS FOR STUDENTS, FACULTY AND PROGRAMS OF MONTEREY PENINSULA COLLEGE ARE FREQUENTLY MADE VIA DIRECT PAYMENT OF AN INVOICE WHICH HAS BEEN APPROPRIATELY APPROVED BY THE COLLEGE, THE COLLEGE DEPARTMENT AND THE FOUNDATION, FURTHER, THE MONITORING IS HANDLED BY SYSTEMS OF THE COLLEGE ITSELF AS WELL AS THE BOARD OF TRUSTEES. 0 0 0 0 0 0 0 0 0 STEVEN HAIGLER DIRECTOR 0 214820 0 0 0 0 0 9932 0 22777 0 247529 0 0 REBECCA MICHAEL EXECUTIVE DIRECTOR/NON VOT 0 217081 0 0 0 0 0 0 0 29777 0 246858 0 0 MARK ZACOVIC DIRECTOR 0 181340 0 0 0 0 0 9932 0 14180 0 205452 0 0 FRED HOCHSTAEDTER FACULTY REPRESENTATIVE 0 141468 0 0 0 0 0 0 0 29777 0 171245 0 0 MARSHALL T FULBRIGHT III DIRECTOR/SUPT/PRES 0 147787 0 0 0 0 0 0 0 15597 0 163384 0 0 SCHEDULE J THE REPORTED COMPENSATED INDIVIDUALS ARE EMPLOYEES OF THE COLLEGE AND WERE THEREFORE COMPENSATED BY THE COLLEGE, NOT THE MPC FOUNDATION. THEY ARE REPORTED HERE SINCE THE MPC FOUNDATION EXECUTIVE DIRECTOR POSITION IS ASSIGNED TO MPC'S VICE PRESIDENT OF ADVANCEMENT, AND THE OTHER INDIVIDUALS SERVE AS REPRESENTATIVE DIRECTORS ON THE FOUNDATION BOARD. 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 990 RETURN IS BASED ON THE ANNUAL AUDITED FINANCIAL STATEMENTS WHICH ARE FIRST REVIEWED BY THE AUDIT COMMITTEE AND IS THEN PRESENTED TO THE EXECUTIVE COMMITTEE AND FINALLY THE FULL BOARD. THE AUDIT REPORT IS A CONDENSED VERSION OF THE INTERNAL FINANCIAL REPORT WHICH IS ALSO USED TO SUPPLY THE DETAIL NEEDED FOR THE 990. SUBSEQUENT TO THE COMPLETION OF THE AUDIT, THE RETURN IS PREPARED. PRIOR TO FILING, THE RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR, INTERNAL ACCOUNTING STAFF,AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE SUBJECT TO THE FOUNDATION'S CONFLICT OF INTEREST POLICY WHICH IS SIGNED ANNUALLY BY EACH INDIVIDUAL TO ACKNOWLEDGE AGREEMENT WITH THE POLICY. AS STATED IN THE POLICY, DIRECTORS MUST DISCLOSE ANY POTENTIAL CONFLICTS TO THE FOUNDATION PRESIDENT OR VICE PRESIDENT, AND MUST RECUSE HIMSELF OR HERSELF FROM ALL DISCUSSION AND VOTING ON ANY ISSUE IN WHICH HE OR SHE HAS A FINANCIAL INTEREST. ADDITIONALLY, THE EXECUTIVE DIRECTOR IS REQUIRED TO PROVIDE MONTEREY PENINSULA COLLEGE AN ANNUAL DISCLOSURE OF OTHER BOARD MEMBERSHIPS, PROPERTY OWNED AND OTHER SITUATIONS THAT CREATE A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS THE CURRENT PUBLISHED SALARIES IN THE FAIR PAY FOR NORTHERN CALIFORNIA NON-PROFITS 2015 COMPENSATION AND BENEFITS SURVEY REPORT, AS WELL AS REVIEWS COMPENSATION OF ED'S IN COMMUNITY COLLEGE FOUNDATIONS OF SIMILAR SIZE. THE EXECUTIVE DIRECTOR, AND THE ACCOUNTING MANAGER PREPARE THE ANNUAL BUDGET THEN SUBMIT IT TO THE FINANCE COMMITTEE FOR INPUT AND REVIEW. THE BUDGET IS THEN TAKEN TO THE BOARD OF DIRECTORS FOR APPROVAL. SALARY LEVELS FOR THE STAFF ARE RECOMMENDED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE AT THE BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE SPLIT INTEREST AGREEMENT 1,264. CHANGE IN VALUE OF BENEFICIAL INTEREST 53,728. MONTEREY PENINSULA COMMUNITY COLLEGE 980 FREMONT ST MONTEREY CA 93940 942314506 COMMUNITY COLLEGE DISTRICT CA GOVERNMENTAL UNIT 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0