Foundation Annual Report and Unaudited supplemental Information Fiscal Year Ending June 30, 2012 Ref. WNC-2 (WNC FOUNDATION 11/30/12) Ref. WNC-2, Page 1 of 7
It is with pleasure that the Foundation provides this annual report to the Board of Regents. Fiscal Year 2012 was a successful year for the Foundation due to continued efforts to retain donors and generate community support for WNC programs. The WNC Foundations pledges, employee giving campaign, new grant programs and student scholarships surpassed the level of contributions received in previous years. Several factors influenced the increase in giving including our annual employee giving program. The 2012 program increased by 8% and employees gave a total of $78.867.00 in pledges towards student scholarships and programs. Carson Tahoe Regional Medical Center partnered with the college through a gift of $80,000.00 to allow WNC to hire an additional full-time nursing instructor for 2 years to expand its nursing program to meet the continuing need for nurses in our communities. The Foundation has awarded over $92,000.00 in scholarships to 139 students, including; four new scholarships and a new $55,000.00 endowment scholarship for Veterans. This fiscal year the WNC Foundation also received a substantial grant from NV Energy to support WNC s Applied Industrial Technology program and purchase the Industrial Electrical Wiring Learning System. This system provides hands-on training for students in electrical wiring, in order to better meet the workforce needs of local business and industry. In addition the grant supported the WNC Summer Bridge program, designed to promote college success and increase graduation rates among first time degree seeking students. The grant was used to provide students with scholarships to pay for tuition, fees and books for the program. The Foundation hosted two successful fundraisers in 2011-2012 that included the WNC Golf Classic and Athletics Non Event that raised funds for WNC athletics, performing arts, scholarships and the Jack C. Davis Observatory. Each of these programs greatly enhances the college experience for students here at WNC and the programs rely heavily on Foundation support for their continued success. This year the Foundation engaged an independent accounting firm in a full audit of its financial statements. We are pleased to note that the audit revealed no management points warranting reporting. The WNC Foundation is confident that the efforts taken to build new partnerships within the community, to appreciate and steward donors, and to enhance campaigns and improve long-term development strategy and goals will allow the Foundation to continue to function successfully and maximize resources for WNC. Our board of trustees and donors remain loyal supporters of the college and are committed to their role in the advancement of education here at Western Nevada College. (WNC FOUNDATION 11/30/12) Ref. WNC-2, Page 2 of 7
A. Contributions Intercollegiate Athletics $50,204 Nursing Program $40,775 Wildcats Softball $37,769 Always Lost Project $34,243 Performing Arts $32,327 Wildcats Baseball $19,4345 NV Energy Electronic Technology $18,000 WNC Golf Classic $18,496 Nursing Student Club 2012 $5,864 Jack C. Davis Observatory $5,075 Bridge to Success $5,000 Project Graduate Summer Bridge Program $5,000 Machine Tool Technology Program $3,788 Family Services Center $3,035 Retirement Roast Fundraiser $2,400 Latino Club $2,375 Western Nevada Astronomical Society $1,986 Art program Carson $1,770 Nursing Student Club 2013 $1,757 Classified Council Fundraisers $1,290 Lone Mountain Writers $578 Disability Support $550 Employee Giving 2011 $500 American Sign Language $480 ASWN WNC Student Government $457 Recycling Fund $360 Distance Learning Network $240 Biology $155 Jack Walter s Memorial Garden $91 Fallon Phi Theta Kappa $70 Save our Students Book Fund $60 Art program Fallon $50 Douglas Campus $29 Drivers Education $10 Scholarships A.V. Lane Scholarship $2,000 Al Teixeira Memorial Baseball Scholarship $50 (WNC FOUNDATION 11/30/12) Ref. WNC-2, Page 3 of 7 1
Allene Hunnewell Scholarship $600.00 American Association of University Women Scholarship $1,000 Andy Butti Scholarship $2,000 Anne Berlin Scholarship $500 Annie Johnson Elliott Scholars $400 Bessie L. Miller Memorial Scholarship $700 Bonnie Parnell Public Service Scholarship $500 Carson City Democratic Women s Scholarship $1,000 Carson Tahoe Hospital Auxiliary Scholarship $10,000 CC Emblem Club # 507Scholarship $1,000 CGI Inc. Scholarship $2,500 Child Development Center Scholarship $2,600 Clark A. Morres Baseball Scholarship $50 Daughters of the American Revolution Scholarship $500 Daughters of Norway $500 "Julane Hanson Memorial Scholarship" Disability Support Scholarship $550 Dr. Walter L. Dillard Memorial Scholarship $100 Ed Jesse Baseball Scholarship $50 ESL Scholarship $765 Fallon Campus Catherine "Sue" Scholarship $2,300 Fallon General Scholarship $1,125 Fallon Land Scholarship $900 Helen Devereux Memorial Scholarship $600 Helen Marie Diamond Scholarship $900 Helen Moederndorfer Jesse Scholarship $25 Harley Davidson Scholarship $20,000 Jason Bertocchi Memorial Scholarship $1,460 Jeremy Williams Memorial Scholarship $590 John H. Sheldon Scholarship $2,000 Kandee Ann Kahn Memorial Scholarship $400 Katharine Harris Quilici Scholarship $25.00 Korean War Veterans Scholarship $500 Leah Chiara Memorial Softball Scholarship $25 Lesch Nursing Scholarship $800 Lew McCrigler Scholarship $998 Maize H. Jesse "Reaching for the Stars" Scholarship $50 Mark Dorio Memorial Scholarship $692 Michael Calabro Electronics Scholarship $300 Mike & Dick Stoddard Memorial Scholarship $500 (WNC FOUNDATION 11/30/12) Ref. WNC-2, Page 4 of 7 2
Miller - Neverett Memorial Scholarship $330 Minden Rotary Foundation Scholarship $2,000 Nancy Gaskill Memorial Scholarship $375 National Society for Colonial Dames Scholarship $500 Native & Newcomers Club of Carson City Scholarship $1,000 Nevada CPA Society Scholarship $1,200 NV Energy Scholarship $5,000 Ormsby Sportsmen's Association Scholarship $750 PEO Sisterhood Scholarship $2,675 Ramsdell Scholarship $600 Robert Bush Estate Scholarship $3,000 Robert G. Whittemore Memorial Scholarship $2,500 Sagebrush Ch. Model A Ford Club $250 Soroptimist International of Carson City $1,000 Margaret Hersey Scholarship Soroptimist International of Carson City $4,000 Marge Patterson Scholarship Soroptimist International of Carson City $1,500 Trade & Industry Scholarship Sunset Rotary Nursing Scholarship $2,000 Thomas W. Waddell STEM Scholarship $500 Testolin Family Scholarship $10,100 The Hope Scholarship $1,320 United Methodist Scholarship $1,500 Veteran's Scholarship $1,352 Western Nevada Astronomical Society Scholarship $1,933 WNC General Scholarship $832 Zola Scholarship Fund $500 Endowment addition: Carson Nugget Veterans Scholarship Endowment $6,352 Sub-total $408,844 In-kind contributions (salary & fringe benefits) $181,058 Totals Contributions: $589,902 (WNC FOUNDATION 11/30/12) Ref. WNC-2, Page 5 of 7 3
B. Administrative (supporting) expenses Audit $15,000 Management Fees $85 Annual Board Retreat $242 Board Insurance $1,973 Memberships $585 Newspapers in Education $100 Salaries/Fringe $181,008 Credit Card Charges (fundraiser) $1,367 Bank Service Charges $176 Service Charges $3,077 Allowance/Discount Pledges Receivable $7,155 Miscellaneous $441 Total supporting administrative expenses $211,210 C. Program expenses Scholarships $92,350 Athletics $86,552 Nursing $47,220 Always Lost Project $31,170 Donald W. Reynolds $15,000 Observatory $9,810 Banner Churchill Community Hospital $9,600 Performing Arts $9,369 Project Graduate/Summer Bridge $5,000 2012 Bridge to Success Program $5,000 Machine Tool Technology $2,767 Latino Club $2,047 Art- Carson Campus $1,916 Family Services Center $1,759 Lone Mountain Writers $1,010 Child Development Center $725 Classified Council Fundraisers $712 Recycling Fund $548 Western NV Astronomical Society $535 Lew/McCrigler $499 IMS Computers/Equipment $405 General $251 Disability Support $200 (WNC FOUNDATION 11/30/12) Ref. WNC-2, Page 6 of 7 4
Monte Fast Scholarship $60 In-Kind Contribution $7,222 (Green House Garden Center Campus Improvements) Total Program Expenses $331,728 D. Top Ten Payees 1. Board of Regents (includes disbursements to $3,121,267 for scholarships and programs) 2. Charles Schwab (includes transfer of funds into $105,152 endowment accounts and transfers from checking into short-term Investment account) 3. Kafoury & Armstrong (annual audit of financial $15,000 Statements) 4. Churchill Community Hospital Inc. ( Refunded monies back to the hospital for Fallon nursing program) $9,600 5. Thunder Canyon Golf Course (event fee for annual Foundation Board retreat) $6,055 6. Sherrins, Inc. (rental fee for practice facility for WNC softball team) $3,900 7. Silver State Industries (WNC Women s Softball programs printing service) $2,713 8. Philadelphia Insurance Company (Insurance for the Foundation) $1,973 9. Petty Cash (WNC Athletics Games) $500 10. Uniforms Express (WNC Athletic teams uniforms) $319 (WNC FOUNDATION 11/30/12) Ref. WNC-2, Page 7 of 7 5