2025-10-01T08:21:04-05:00 2025-06-30 251622758 MAHER DUESSEL CPA'S 1800 LINGLESTOWN ROAD SUITE 306 HARRISBURG PA 17110 990 2024-07-01 237454575 LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION LEHI 6107991711 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 JILL HEWES CHAIRPERSON 6107991711 2025-10-01 1 0 LISA A RITTER P00168809 7172321230 2024 2025-03-06 01:10:19Z JILL HEWES 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 3851552 0 X WWW.LCCC.EDU/FOUNDATION X 1975 PA THE LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION GENERATES THE PHILANTHROPIC RESOURCES TO SUPPORT THE LEHIGH CARBON COMMUNITY COLLEGE'S MISSION, PROGRAMS, AND CAPITAL PROJECTS THAT HELP TURN STUDENT ASPIRATIONS INTO REALITY THROUGH EDUCATION. 16 16 0 37 0 0 528759 524975 0 0 888278 1562302 521040 645652 1938077 2732929 1449055 1386642 0 0 0 0 0 0 0 78532 95192 1527587 1481834 410490 1251095 30611449 34125754 3136696 3494914 27474753 30630840 X OUR VISIONTHE LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION WILL PROVIDE THE RESOURCES NECESSARY TO SUPPORT THE NEEDS OF THE COMMUNITY COLLEGE AND ITS STUDENTS.OUR MISSIONTHE LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION GENERATES THE PHILANTHROPIC RESOURCES TO SUPPORT THE COMMUNITY COLLEGE'S MISSION, PROGRAMS, AND CAPITAL PROJECTS THAT HELP TURN STUDENT ASPIRATIONS INTO REALITY THROUGH EDUCATION. 0 0 1386642 1386642 540658 OUR CONTINUED GOAL IS TO SERVE THE BEST INTEREST OF OUR STUDENTS AND TO IMPROVE THEIR CHANCES FOR SUCCESS THROUGH ENCOURAGING COLLEGE READINESS; DEVELOPING SCHOOL DISTRICT, WORKFORCE, AND COMMUNITY PARTNERS; BROADENING THE UNDERSTANDING AND APPLICATION OF BEST PRACTICES IN ENROLLMENT MANAGEMENT; FOSTERING STUDENT LEARNING, STUDENT DEVELOPMENT, ACADEMIC SUCCESS, AND PERSISTENCE TO GOAL ATTAINMENT; ENSURING A DIVERSE AND INCLUSIVE ENVIRONMENT TO FACILITATE STUDENT LEARNING AND ENGAGEMENT; AND ACTING RESPONSIBLY AND ETHICALLY IN THE STEWARDSHIP AND DEVELOPMENT OF INSTITUTIONAL RESOURCES.THE LEHIGH CARBON COMMUNITY COLLEGE FOUNDATION PROVIDES FINANCIAL SUPPORT AS FOLLOWS ANNUALLY: GRANTS: ANNUAL OPERATING STUDENT SCHOLARSHIPS GRANTS FOR PROGRAM SUPPORT ENDOWMENTS SERVICES FOR STUDENTS WITH DISABILITIES 1386642 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 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 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X BELINDA DURFEY 6107991530 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 STEFANIE NESTER VP FIN/ADMIN/PRESIDENT'S APPOINTEE 0.10 39.90 X 0 149117 25841 RICHARD CHRIST EXECUTIVE DIRECTOR 40.00 X 0 95961 3807 JILL HEWES CHAIRPERSON 0.10 X X 0 0 0 ROBIN FLORES VICE CHAIR 0.10 X X 0 0 0 RICHARD KERN TREASURER 0.10 X X 0 0 0 ELLEN MILLARD-KERN SECRETARY 0.10 X X 0 0 0 LARISSA VERTA PRESIDENT'S APPOINTEE 0.10 X 0 143095 84053 DR BARBARA KISTLER TRUSTEE REPRESENTATIVE 0.10 X X 0 0 0 GERARD DARVILLE BOARD MEMBER 0.10 X 0 0 0 LIESEL GROSS BOARD MEMBER 0.10 X 0 0 0 BERNARD LESAVOY BOARD MEMBER 0.10 X 0 0 0 CHRISTOPHER JORDAN BOARD MEMBER 0.10 X 0 0 0 DAVID LOBACH BOARD MEMBER 0.10 X 0 0 0 RICHARD FORGAY II BOARD MEMBER 0.10 X 0 0 0 TIMOTHY MULLIGAN BOARD MEMBER 0.10 X 0 0 0 VELIA ROTHROCK BOARD MEMBER 0.10 X 0 0 0 CARLA HICKEY BOARD MEMBER 0.10 X 0 0 0 DENISE MAIATICO BOARD MEMBER 0.10 X 0 0 0 KIMBERLY WITTNER BOARD MEMBER 0.10 X 0 0 0 DEVON FRANCIS BOARD MEMBER 0.10 X 0 0 0 BETTY SMITH EMERITUS BOARD MEMBER 0.10 X 0 0 0 RON GLASS EMERITUS BOARD MEMBER 0.10 X 0 0 0 KENT NEWHART EMERITUS BOARD MEMBER 0.10 X 0 0 0 WILLARD SNYDER EMERITUS BOARD MEMBER 0.10 X 0 0 0 0 388173 113701 0 0 1 0 0 58231 466744 10125 524975 1550840 1550840 632261 91603 540658 540658 540658 966032 954570 11462 11462 11462 44220 58231 72450 -28230 -28230 LITIGATION SETTLEMENT 900099 133224 133224 133224 2732929 540658 0 1667296 909713 909713 476929 476929 9359 9359 81034 81034 15 15 4784 4784 1481834 1386642 95192 0 425527 531010 21437 10000 6679617 2024687 4746533 4654930 25417952 28929814 30611449 34125754 144139 240699 2992557 3254215 3136696 3494914 X 13537473 15249724 13937280 15381116 27474753 30630840 30611449 34125754 1251095 1904992 0 X X 0 1 X 1 0 X 3862096 781760 907769 531639 524975 6608239 3862096 781760 907769 531639 524975 6608239 1430055 5178184 1190995 2019340 1403336 1534934 2183101 8331706 133224 133224 15073169 0.34350 0.35580 X PART II, LINE 10: $133,224 IS THE AMOUNT RECEIVED FROM THE ALLIANZ MUTUAL FUNDS LITIGATION SETTLEMENT. THIS AMOUNT REPRESENTS A RECOVERY OF 92% OF THE LOSSES THE ACCOUNT SUFFERED BACK IN 2020 BECAUSE OF A FRAUD COMMITTED BY ALLIANZ AND SEVERAL OF ITS PORTFOLIO MANAGERS IN THE ALLIANZ STRUCTURED RETURN MUTUAL FUND. THE PORTFOLIO MANAGERS DEVIATED FROM THEIR STATED STRATEGY AND LIED TO INVESTORS THROUGHOUT THE PERIOD AS TO THEIR HOLDINGS AND PERFORMANCE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 12756193 194146 1698365 282220 14366484 11471087 108181 1369055 192130 12756193 10701196 67400 1125185 422694 11471087 12148767 318698 -1714269 52000 10701196 7937649 2296512 2174662 260056 12148767 0.09300 0.86240 0.04460 0 0 572725 572725 6106892 2024687 4082205 4654930 4720940 1904992 1904992 2815948 81034 -164053 -83019 2732929 1564853 164053 164053 1400800 81034 81034 1481834 PART IV, LINE 2B: THE FOUNDATION SERVES AS CUSTODIAN FOR THE COLLEGE'S RADIO STATION PROCEEDS FUND AND THE PROMISE SCHOLARSHIP FUND. THE FUNDS ARE MANAGED ALONG WITH ALL OTHER FOUNDATION ENDOWMENT ACCOUNTS AND IS INVESTED IN ACCORDANCE WITH THE FOUNDATION'S INVESTMENT POLICY. THE COLLEGE HAS THE RIGHT TO WITHDRAW FUNDS FROM THE RADIO STATION FUND AT ANY TIME AND RECEIVES AN ANNUAL DISBURSEMENT FROM THE FOUNDATION EQUAL TO UP TO SEVENTY-FIVE (75%) PERCENT OF THE INVESTMENT EARNINGS ON, OR FIVE (5%) PERCENT OF, THE BALANCE OF THE FUND PRINCIPAL, WHICHEVER IS GREATER, OR SOME OTHER AMOUNT AS DETERMINED BY THE COLLEGE WITH THE APPROVAL OF THE BOARD OF TRUSTEES. THE COLLEGE ESTABLISHED THE PROMISE SCHOLARSHIP FUND WITH A $2,000,000 CASH TRANSFER DURING THE YEAR ENDED JUNE 30, 2023. THE FUND IS TO BE USED AT THE DISCRETION OF THE COLLEGE FOR ADVANCING EDUCATION AND PROVIDING FINANCIAL ASSISTANCE TO RECENT HIGH SCHOOL GRADUATES. BEGINNING IN THE FISCAL YEAR 2024, THE COLLEGE HAS THE RIGHT TO WITHDRAW FUNDS AT ANY TIME AND RECEIVES AN ANNUAL DISBURSEMENT FROM THE FOUNDATION EQUAL TO ONE HUNDRED (100%) PERCENT OF THE ANNUAL INVESTMENT EARNINGS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -72,450. RENTAL EXPENSES -91,603. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 91,603. DIRECT FUNDRAISING EXPENSES 72,450. PART V, LINE 4 ALL ENDOWMENT FUNDS ARE RESTRICTED BY THE DONOR OR BY THE BOARD SPECIFICALLY FOR THE USE OF THE COLLEGE TO FURTHER ITS MISSION THROUGH SCHOLARSHIPS AND RELATED FUNDING. GOLF TOURNAMENT 52390 8170 44220 300 19987 903 28829 SPRING BINGO 25221 25221 5400 105 3329 1 24840 24840 7772 5150 675 102451 58231 44220 5400 300 27759 1008 5150 32833 72450 -28230 1 LEHIGH CARBON COMMUNITY COLLEGE 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 231670163 LEHIGH CARBON CC 909713 0 CASH GRANTS ARE TO ASSIST IN SUPPORTING THE COLLEGE'S EDUCATIONAL FUNCTIONS. 1 SCHOLARSHIPS 592 476929 PART I, LINE 2: ALL GRANTS ARE SCHOLARSHIPS TO PARTICULAR STUDENTS/ALUMNI AS PART OF A SPECIFIC SCHOLARSHIP PROGRAM. GRANTEES HAVE THEIR FUNDING SENT DIRECTLY TO THE RECIPIENT INSTITUTION - NO GRANTEE RECEIVES DIRECT FUNDING. ALL GRANTS TO THE COLLEGE ARE REFLECTIVE OF COLLEGE PRIORITIES INCLUDING SCHOLARSHIPS AND OTHER FINANCIAL AID, PURSUANT TO THE FOUNDATION'S AND COLLEGE'S MISSIONS, AND ARE CONTRIBUTED FROM ESTABLISHED FOUNDATION ACCOUNTS WITH SPECIFICALLY DESIGNATED PURPOSES. THE FOUNDATION STRIVES TO HAVE A FUND DOCUMENT FOR EACH ESTABLISHED ACCOUNT DESCRIBING ITS ORIGIN, PURPOSE, AND MECHANISM. BY THE TERMS OF THE OPERATING AGREEMENT BETWEEN THE COLLEGE AND THE FOUNDATION, THE COLLEGE MAY FROM TIME TO TIME MAKE ADDITIONAL REQUESTS FOR FUNDING, WHICH ARE RUN THROUGH AN ESTABLISHED PROCESS OF REVIEW AND CONSIDERATION BY THE FOUNDATION. 0 0 0 0 0 0 0 0 0 STEFANIE NESTER VP FIN/ADMIN/PRESIDENT'S APPOINTEE 0 149117 0 0 0 0 0 13541 0 12300 0 174958 0 0 LARISSA VERTA PRESIDENT'S APPOINTEE 0 143095 0 0 0 0 0 58787 0 25266 0 227148 0 0 PART I, LINE 3 THE RELATED ORGANIZATION LEHIGH CARBON COMMUNITY COLLEGE (COLLEGE) ESTABLISHES THE COMPENSATION OF THE FOUNDATION'S EXECUTIVE DIRECTOR THROUGH THE COLLEGE'S HUMAN RESOURCES OFFICE. FORM 990, PART VI, SECTION B, LINE 11B THE COLLEGE VICE PRESIDENT OF FINANCE, THE COLLEGE CONTROLLER, THE EXECUTIVE DIRECTOR OF THE FOUNDATION, AND THE FOUNDATION STAFF ACCOUNTANT PERFORM AN INITIAL REVIEW OF THE FORM 990. ONCE THEY ARE SATISFIED, THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS IN ADVANCE OF FILING. THE DIRECTORS ARE GIVEN SEVERAL WEEKS TO REVIEW AND COMMENT. ALL COMMENTS ARE NOTED BEFORE THE FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A DIRECTOR IS SELECTED AS COMPLIANCE OFFICER FOR THE FISCAL YEAR AND IS DESIGNATED AS THE INITIAL ARBITER FOR CONFLICTS. THE BOARD REVIEWS THE ARBITER'S REVIEW OF THE SITUATION, IF ANY, AND DETERMINES WHETHER A COURSE OF ACTION IS NECESSARY. THE EXECUTIVE DIRECTOR OR AN OTHER BOARD-DESIGNEE CARRIES OUT THE ACTIONS OF THE BOARD. ALL DIRECTORS AND THE EXECUTIVE DIRECTOR ARE COVERED UNDER THE POLICY, WHICH IS RENEWED ANNUALLY. THERE ARE NO RESTRICTIONS ON PERSONS WITH A CONFLICT UNLESS THE BOARD DEEMS IT IN THE BEST INTEREST OF THE FOUNDATION AND THE COLLEGE. IN ADDITION TO ANNUAL RESEARCH BY THE EXECUTIVE DIRECTOR, EACH DIRECTOR COMPLETES A CONFLICT OF INTEREST FILING THAT INCLUDES, AMONG OTHER ITEMS, THE REPORTING OF FAMILIAL RELATIONSHIPS. ALTHOUGH THE FORM DOES NOT SPECIFICALLY MENTION BUSINESS RELATIONSHIPS, THESE ARE DISCUSSED AT THE ANNUAL MEETING WHEN THE NEW FISCAL YEAR FORMS ARE DISSEMINATED. THE FOUNDATION BOARD MEMBERS ARE EXPECTED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. THEY SHOULD IDENTIFY IN WRITING ANY SUCH CONFLICTS TO THE CHAIRMAN OF THE BOARD PRIOR TO ENGAGING IN THE ACTIVITY THAT POSES THE POTENTIAL CONFLICT. IF A CONFLICT OF INTEREST IS FOUND TO EXIST, THE BOARD MEMBER INVOLVED SHOULD RECUSE HIMSELF/HERSELF FROM PARTICIPATION IN DECISIONS ON BEHALF OF THE FOUNDATION THAT AFFECT HIS/HER PERSONAL INTERESTS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION IN THE OFFICE OF THE FOUNDATION, 4525 EDUCATION PARK DRIVE, SCHNECKSVILLE, PA 18078 BETWEEN 8AM AND 5PM DAILY, MONDAY THROUGH FRIDAY. ALL DOCUMENTS ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LEHIGH CARBON COMMUNITY COLLEGE 4525 EDUCATION PARK DRIVE SCHNECKSVILLE PA 18078 231670163 COMMUNITY COLLEGE PA N/A 0 0 1 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0 1 LEHIGH CARBON COMMUNITY COLLEGE B CONTRIBUTION MADE LEHIGH CARBON COMMUNITY COLLEGE J MARKET VALUE LEHIGH CARBON COMMUNITY COLLEGE S CASH