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Nonprofiteer
← OAKLAND COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by OAKLAND COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$1,959,630
Total expenses
$634,247
Contributions and grants received
$1,731,836
Grants paid
$590,583
Program service revenue
$0
Investment income
$227,794
Other revenue
$0
Total assets, end of year
$9,948,766
Total liabilities, end of year
$9,691
Net assets or fund balances, end of year
$9,939,075
Program services expenses (Part IX)
$626,205
Management and general expenses
$8,042
Fundraising expenses
$0
Program service expenses (Part III)
$626,205

Program services were 98.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,731,836

  • 3 · Investment income

    total $313,618 · excluded $313,618

  • 7a · Gross sales of assets other than inventory

    securities $1,830,535

  • 7b · Less cost or other basis and sales expenses

    securities $1,916,359

  • 7c · Gain or loss

    securities -$85,824

  • 7d · Net gain or loss

    total -$85,824 · excluded -$85,824

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $590,583 · program services $590,583

  • 13 · Office expenses

    total $11,475 · program services $11,475

  • 24a · Other expenses: BANK SERVICE CHARGES

    total $25,889 · program services $24,147 · management and general $1,742

  • 24b · Other expenses: MAINTENANCE

    total $6,300 · management and general $6,300

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $687,459 · end of year $354,771

  • 11 · Investments: publicly traded securities

    beginning of year $7,253,539 · end of year $9,593,995

  • 25 · Other liabilities

    beginning of year $12,290 · end of year $9,691

  • 27 · Net assets without donor restrictions

    beginning of year $3,417,802 · end of year $3,957,965

  • 28 · Net assets with donor restrictions

    beginning of year $4,510,906 · end of year $5,981,110

Mission and programs · 2022

Mission

THE MISSION OF THE OAKLAND COMMUNITY COLLEGE FOUNDATION IS TO OBTAIN FINANCIAL SUPPORT TO ADVANCE THE MISSION AND GOALS OF OAKLAND COMMUNITY COLLEGE.

Activities or mission (Part I)

SEE SCHEDULE OTHE MISSION OF THE OAKLAND COMMUNITY COLLEGE FOUNDATION IS TO OBTAIN FINANCIAL SUPPORT TO ADVANCE THE MISSION AND GOALS OF OAKLAND COMMUNITY COLLEGE.

  • PROVIDE SCHOLARSHIP AND PROGRAM SUPPORT TO BENEFIT STUDENTS OF OAKLAND COMMUNITY COLLEGE.

    Expenses $626,205 · Grants $590,583

As filed on the 2022 return.

Listed in Part VII

  • Antoine Joubert

    DIRECTOR

    Total calculated
    $11,579
    From this org
    $0
    From related orgs
    $9,030
    Other
    $2,549
    Hours/week
    1 + 13.5 related

  • Richard Berkfield

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tom Kimble

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Don Schiemann

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jim O'Rilley

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Vince Deleonardis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Karadjoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Randolph Ston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nicholas Abid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Caroline Chambers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick McQueen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Wildern

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Provenzano

    DIRECTOR, EX OFFICIO

    Total calculated
    $489,949
    From this org
    $0
    From related orgs
    $386,557
    Other
    $103,392
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $386,557 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $79,726 related
    Nontaxable benefits
    $0 + $23,666 related
    Filer's total
    $0 + $489,949 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION REVIEW PROCESS AND METHODS USED TO ESTABLISH COMPENSATION FOR THE CHANCELLOR AND EXECUTIVE DIRECTOR ARE DETERMINED BY A RELATED ORGANIZATION, OAKLAND COMMUNITY COLLEGE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • OAKLAND COMMUNITY COLLEGE

    $590,583

    SEE SCHEDULE I, PART IV

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • OAKLAND COMMUNITY COLLEGE

    115 · HIGHER EDUCATION · MI

Provenance

Return type
form_990
Tax year
2022
Filed
17 April 2024
IRS schema version
2022v5.0
Source object
202431359349308148

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