2025-02-07T12:42:04-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2023-07-01 936031563 SOUTHWESTERN OREGON COMMUNITY COLLEGE FOUNDATION SOUT 5418887211 1988 NEWMARK AVENUE COOS BAY OR 97420 ELISE HAMNER EXECUTIVE DIRECTOR 5418887211 2025-01-29 1 1 SARAH HINTZ P00492291 3037795710 2025-01-29 2023 2025-03-06 01:10:19Z ELISE HAMNER 1988 NEWMARK AVENUE COOS BAY OR 97420 2168695 0 X WWW.SOCC.EDU/FOUNDATION X 1962 OR TO SUPPORT IN IMPROVING PEOPLE'S LIVES SOCIALLY, CULTURALLY, ECONOMICALLY, AND EDUCATIONALLY. 11 11 0 145 0 0 497212 454275 0 0 158103 267672 -158 -538 655157 721409 348577 431075 0 0 45011 49117 0 0 9823 62898 78918 456486 559110 198671 162299 5978415 6546470 76510 53552 5901905 6492918 THE PURPOSE OF THE SOUTHWESTERN OREGON COMMUNITY COLLEGE FOUNDATION IS TO SUPPORT THE COLLEGE IN IMPROVING PEOPLE'S LIVES - SOCIALLY, CULTURALLY, ECONOMICALLY AND EDUCATIONALLY - THROUGH FRIEND-RAISING AND FUNDRAISING. 0 0 162196 130270 0 GRANTS AND ACADEMIC PROGRAM SUPPORT - THE FOUNDATION'S SUPPORT OF SOUTHWESTERN OREGON COMMUNITY COLLEGE INCLUDES, BUT IS NOT LIMITED TO RECEIVING, INVESTING AND ADMINISTERING FUNDS HELD FOR THE BENEFIT OF THE COLLEGE AND ULTIMATELY ITS STUDENTS. THE FOUNDATION UNDERTAKES SPECIAL PROJECTS TO SUPPORT INNOVATION AND INVESTMENTS IN NEW PROGRAMS AND EQUIPMENT TO SUPPORT INSTRUCTION AND STUDENT SUCCESS. EFFORTS HAVE FOCUSED ON THE SCIENCES, NATURAL RESOURCES, HEALTH, CULINARY PROGRAMS AND THE ARTS. 300805 300805 0 SCHOLARSHIPS - THE FOUNDATION AWARDED $300,805 IN SCHOLARSHIPS DURING 2023-24, ASSISTING 280 STUDENTS WITH TUITION, FEES, BOOKS, LIVING EXPENSES AND OTHER EDUCATIONAL EXPENSES. THIS INCLUDED THE FOUNDATION PROVIDING GED/TRANSITIONAL EDUCATION SCHOLARSHIPS TO STUDENTS PREPARING TO ENTER COLLEGE AND PURSUE CAREER TRAINING. THE FOUNDATION AWARDED 19 SCHOLARSHIPS TO STUDENTS EXPERIENCING TEMPORARY FINANCIAL EMERGENCIES TO ENSURE THEY WERE ABLE TO COMPLETE THEIR TERMS OF STUDY. 463001 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 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 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 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 0 0 0 OR X ELISE HAMNER 5418887211 1988 NEWMARK AVENUE COOS BAY OR 97420 ELISE HAMNER EXECUTIVE DIRECTOR 20.00 X 45226 0 19556 ARNIE ROBLAN CHAIR 3.00 X X 0 0 0 ALEXIA GEDEROS VICE CHAIR 3.00 X X 0 0 0 LAMONT SWINSON TREASURER 3.00 X X 0 0 0 CAP SHARPLES SECRETARY 3.00 X X 0 0 0 JACKIE CHAMBERS TRUSTEE 1.00 X 0 0 0 KAREN CUNNINGHAM TRUSTEE 1.00 X 0 0 0 CARMA ERICKSON HURT TRUSTEE 2.00 X 0 0 0 DR JOHN FLAXEL TRUSTEE THRU 10/23/23 1.00 X 0 0 0 DR PATTI GATES OD TRUSTEE 2.00 X 0 0 0 DR RON METZGER TRUSTEE 5.00 X 0 0 0 CADDY MCKEOWN TRUSTEE 1.00 X 0 0 0 CAROLYN THOMPSON TRUSTEE 2.00 X 0 0 0 45226 0 19556 0 0 0 1 0 54766 399509 454275 162782 162782 1543373 1438483 104890 104890 104890 8265 54766 8803 -538 -538 721409 0 0 267134 130270 130270 300805 300805 47301 30746 7095 9460 1816 1180 273 363 24780 24780 45574 45574 6000 6000 152 152 2412 2412 559110 463001 86286 9823 105076 166316 110072 114302 110612 0 4928178 5425724 714127 829778 10350 10350 5978415 6546470 76510 53552 76510 53552 X 2321968 2443902 3579937 4049016 5901905 6492918 5978415 6546470 162299 428714 0 X X 0 1 X 1 0 X 424320 274499 633648 497212 454275 2283954 63750 66748 68130 71554 270182 424320 338249 700396 565342 525829 2554136 90368 2463768 107642 80798 176835 158103 162782 686160 3240296 0.76040 0.64200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4413097 321543 532551 229450 57312 4980429 4024579 235465 404315 211726 39536 4413097 4449752 350736 -661917 92360 21632 4024579 3753577 22210 833980 130189 29826 4449752 2678929 1146999 38707 83960 27098 3753577 0.33028 0.50938 0.16034 0 0 0 HEDGE FUNDS 559924 F REAL ESTATE 269854 F 829778 1184906 428714 71554 8803 509071 675835 45574 45574 721409 593893 71554 8803 80357 513536 45574 45574 559110 PART V, LINE 4: THE INVESTMENT INCOME EARNED ON THE DONOR-RESTRICTED ENDOWMENT FUNDS IS GENERALLY RESTRICTED FOR SCHOLARSHIPS AND PROGRAMS ACCORDING TO DONOR IMPOSED STIPULATIONS. THE INVESTMENT EARNINGS ON THE BOARD DESIGNATED NET ASSETS ARE INTENDED TO SUPPORT GENERAL OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE RECLASSED TO REVENUE 8,803. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE RECLASSED TO REVENUE 8,803. UNCORKING OPPORTUNITY 55127 50612 4515 2619 2345 WINEMAKERS DINNER 7904 4154 3750 3000 839 63031 54766 8265 5619 3184 8803 -538 1 SOUTHWESTERN OREGON COMMUNITY COLLEGE 1988 NEWMARK AVE COOS BAY OR 97420 936015621 STATE OF OREGON 130270 0 N/A N/A PROGRAM AND OPERATING SUPPORT 1 0 SCHOLARSHIPS 280 300805 N/A N/A PART I, LINE 2: THE FOUNDATION EXISTS TO SUPPORT THE SOUTHWESTERN OREGON COMMUNITY COLLEGE BY PROVIDING GRANTS IN THE FORM OF SCHOLARSHIPS, ACADEMIC SUPPORT, CAPITAL PROJECTS. AND ADMINISTRATIVE SUPPORT. TO ENSURE THAT GRANT FUNDS ARE EXPENDED FOR THE INTENDED PURPOSES, THE FOUNDATION APPROVES GRANT DISBURSEMENTS TO THE COLLEGE ONLY WHEN PROPER SUPPORTING DOCUMENTATION AND AUTHORIZATION IS OBTAINED AND WHEN THE EXPENDITURE SATISFIES THE RESTRICTED PURPOSES IMPOSED BY DONORS AND FURTHERS THE EXEMPT MISSION OF THE FOUNDATION. 0 0 0 0 0 0 0 0 0 ELISE HAMNER EXECUTIVE DIRECTOR 45226 0 0 0 0 0 0 0 19556 0 64782 0 0 0 SCHEDULE J, PART II ELISE HAMNER IS A FULL-TIME EMPLOYEE OF THE SOUTHWESTERN OREGON COMMUNITY COLLEGE (THE COLLEGE), AN UNRELATED ORGANIZATION AS DEFINED IN THE FORM 990. MS. HAMNER SPENDS 50% OF HER TIME SERVING AS THE EXECUTIVE DIRECTOR OF THE FOUNDATION. ACCORDING TO THE OPERATING AGREEMENT BETWEEN THE COLLEGE AND THE FOUNDATION, THE COLLEGE AGREED TO FULLY FUND THE FOUNDATION'S EXECUTIVE DIRECTOR SALARY AND BENEFITS INDEFINITELY OR UNTIL SUCH TIME BOTH PARTIES MUTUALLY AGREE TO RENEGOTIATE. THE VALUE OF SUCH SERVICES TO THE FOUNDATION TOTALED $71,554 FOR THE FISCAL YEAR ENDED IN JUNE 30, 2024 ARE REPORTED AS IN-KIND CONTRIBUTIONS IN THE FOUNDATIONS FINANCIAL STATEMENTS, HOWEVER ARE EXCLUDED FOR 990 REPORTING PURPOSES. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE OFFICERS OF THE BOARD OF TRUSTEES AND INCLUDE THE COLLEGE PRESIDENT AND EXECUTIVE DIRECTOR, EACH OF WHOM SHALL SERVE IN A NON-VOTING, EX-OFFICIO CAPACITY. THE EXECUTIVE COMMITTEE SHALL BE DELEGATED THE AUTHORITY TO ESTABLISH ORGANIZATIONAL PROCEDURES FOR THE BOARD OF TRUSTEES AND TO ACT ON EMERGENCY MATTERS REQUIRED OF THE FOUNDATION BETWEEN MEETINGS OF THE BOARD OF TRUSTEES. ALL EXECUTIVE COMMITTEE ACTIONS IN THE NAME OF THE FOUNDATION MUST BE RATIFIED BY THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE AND, WHEN AUTHORIZED, THE CHAIRPERSON OF THE FOUNDATION SHALL HAVE THE POWER TO FILL VACANCIES IN, TO CHANGE THE SIZE OR MEMBERSHIP OF, AND TO DISCHARGE COMMITTEES OTHER THAN THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. A COPY OF THE FORM 990 IS SENT OUT VIA EMAIL TO ALL CURRENT FOUNDATION BOARD MEMBERS AND OFFICERS FOR REVIEW. ALL OF THIS IS CONDUCTED PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C COMMITTEE MEETINGS ARE HELD ON A QUARTERLY BASIS WITH MEMBERS OF THE BOARD WHO LOOK OVER AND DISCUSS FINANCIAL TRANSACTIONS, PROFESSIONAL DECISIONS AND AGREEMENTS THE FOUNDATION DIRECTOR HAS TAKEN PART IN. ALL DIRECTORS ARE REQUIRED TO DISCLOSE ANY PERSONAL OR OUTSIDE INTEREST, RELATIONSHIPS OR RESPONSIBILITIES THAT COULD IMPACT ANY POTENTIAL TRANSACTION FOR THE FOUNDATION. IF A CONFLICT ARISES, THE BOARD, LESS THE INTERESTED DIRECTOR WILL DECIDE ON THE IMPACT OF THE CONFLICT OF INTERESTS. IF A CONFLICT IS FOUND, THE DIRECTOR IS NOT ALLOWED TO DISCUSS, REPORT, OR VOTE ON THE MATTERS PERTAINING TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION CONTRACTS WITH SOUTHWESTERN OREGON COMMUNITY COLLEGE FOR HUMAN RESOURCES SERVICES. THE COLLEGE IMPLEMENTS COMPENSATION REVIEW AND EQUITY POLICIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE FOUNDATION'S WEBSITE. FINANCIAL INFORMATION IS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.