2019-02-06T15:57:34-06:00 2018-06-30 113518842 MARKS PANETH LLP 4 MANHATTANVILLE RD PURCHASE NY 105772119 990 2017-07-01 066080293 NORWALK COMMUNITY COLLEGE FOUNDATION INC NORW 2038577262 188 RICHARDS AVENUE NO E311 NORWALK CT 068541655 CARRIE L BERNIER EXECUTIVE DIRECTOR 2038577261 2019-02-06 1 LAWRENCE GOLDBERG P01246920 9145249000 65.51.91.130 2019-02-06 13:22:08 ES P 7C61B3E6B7B79809147739CB0F9C566A9BCAE14B DC41D64BBBE85F66F669394821948C3833258226 2017 2019-02-21 02:37:17Z CARRIE L BERNIER 188 RICHARDS AVENUE NO E311 NORWALK CT 068541655 13811213 0 X HTTPS://NCC-FOUNDATION.ORG X 1965 CT FUNDRAISING FOR SCHOLARSHIPS, PROGRAMS AND CAPITAL SUPPORT FOR NORWALK COMMUNITY COLLEGE. 25 25 8 25 609 0 701946 1954016 0 0 1439753 1758531 0 -1008 2141699 3711539 404139 2153505 0 0 367779 666920 0 0 254918 178975 260684 950893 3081109 1190806 630430 28219942 28650165 1247390 790901 26972552 27859264 X THE MISSION OF THE NORWALK COMMUNITY COLLEGE FOUNDATION IS THREE-FOLD: 1) RAISE FUNDS FOR NORWALK COMMUNITY COLLEGE PROGRAMS AND SCHOLARSHIPS. CONTINUED ON SCHEDULE O. . . (2) INVEST, ADMINISTER AND DISTRIBUTE FUNDS SO THAT STUDENTS OF ALL AGES CONTINUE TO BENEFIT FROM CHALLENGING OPPORTUNITIES FOR SELF-IMPROVEMENT AND INTELLECTUAL GROWTH. (3) INSPIRE AND ENGAGE OUR COMMUNITY TO SHARE TALENTS AND RESOURCES. 0 0 1540159 1373012 THE DISTRIBUTION OF SCHOLARSHIPS IS ONE OF THE PRIMARY OBJECTIVES OF THE FOUNDATION. IN THE 2017/2018 ACADEMIC YEAR, 579 STUDENTS WERE AWARDED SCHOLARSHIPS. THE AMOUNT REPORTED ABOVE IS FOR THE FISCAL YEAR ENDING JUNE 30, 2018. SCHOLARSHIPS BESTOW ON STUDENTS A VALUABLE SENSE OF RECOGNITION AND ACCOMPLISHMENT AS WELL AS IMPORTANT FINANCIAL SUPPORT. OUR SCHOLARSHIP DONORS INCLUDE PRIVATE INDIVIDUALS, CORPORATIONS AND FOUNDATIONS, ALL OF WHOM ARE COMMITTED TO MAKING AN EDUCATION AFFORDABLE FOR NCC STUDENTS. THE FOUNDATION'S SCHOLARSHIP PROCESS IS COMPETITIVE AND ACADEMIC ACHIEVEMENT IS A PRIMARY CONSIDERATION. HOWEVER FINANCIAL NEED, SPECIAL CIRCUMSTANCES AND PERSONAL QUALITIES ARE ALSO CONSIDERED IN AWARDING SCHOLARSHIPS. SCHOLARSHIP APPLICATIONS ARE REVIEWED BY THE SCHOLARSHIP COMMITTEE WHICH IS COMPRISED OF BOARD DIRECTORS, COMMUNITY MEMBERS, THE EXECUTIVE DIRECTOR AND THE MANAGER OF PROGRAMS AND SCHOLARSHIPS. 878931 780493 THE FOUNDATION SUPPORTS NORWALK COMMUNITY COLLEGE TO FURTHER THE DEVELOPMENT OF THE STUDENT BODY BY PROVIDING FUNDING FOR A VARIETY OF PROGRAMS. THE AMOUNT REPORTED ABOVE IS FOR THE FISCAL YEAR ENDING JUNE 30, 2018. THE FOUNDATION CONTINUED TO FUND FIVE FACULTY POSITIONS FOR THE CENTER FOR SCIENCE, HEALTH AND WELLNESS (A BIOLOGY PROFESSOR, A SIMULATION LABORATORY SPECIALIST, AN EXERCISE SCIENCE INSTRUCTOR, AND BOTH AN ASSISTANT PROFESSOR AND A CLINICAL COORDINATOR IN VETERINARY SCIENCE). FUNDING FOR THE BIOLOGY PROFESSOR ENDS IN SPRING 2019. IN 2018, A COMMITMENT TO FUND THE REMAINING FOUR FACULTY POSITIONS WAS EXTENDED FOR AN ADDITIONAL THREE YEARS. THE FIVE FACULTY POSITIONS WERE FUNDED BY A THREE YEAR GRANT. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ENTIRE LIABILITY WAS ESTABLISHED AND THE EXPENSE ACCRUED, BUT OPERATIONALLY THE FACULTY POSITIONS ARE FUNDED EACH YEAR. 2419090 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 14 0 1 8 1 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X GILLIAN HORNBY 2038577262 NCC FOUNDATION 188 RICHARDS AVE NORWALK CT 068541655 STUART WEISMILLER PRESIDENT 8.00 X X 0 0 0 VINCENT A MURPHY VICE PRESIDENT 4.00 X X 0 0 0 ELLEN H PETRINO TREASURER 4.00 X X 0 0 0 GEORGE A REILLY SECRETARY 4.00 X X 0 0 0 ERIN M CATAPANO DIRECTOR 2.00 X 0 0 0 ANA CHADWICK DIRECTOR 2.00 X 0 0 0 ROBERT M DIXON DIRECTOR 1.00 X 0 0 0 JOSEPH W DONALDSON DIRECTOR 2.00 X 0 0 0 LAURA ERICKSON DIRECTOR 1.00 X 0 0 0 JON GOLD DIRECTOR 1.00 X 0 0 0 VASSO KELLY RN DIRECTOR 1.00 X 0 0 0 JULIE M JOHNSON DIRECTOR 1.00 X 0 0 0 JACKIE LABATT-SIMON DIRECTOR 1.00 X 0 0 0 DEBORAH C MCLEAN DIRECTOR 4.00 X 0 0 0 TAMEIKA MILLER DIRECTOR 1.00 X 0 0 0 LENORE C MINTZ DIRECTOR 1.00 X 0 0 0 THEODORE JAY NUSSBAUM DIRECTOR 4.00 X 0 0 0 GM O'CONNELL DIRECTOR 1.00 X 0 0 0 AMY RICHMAN DIRECTOR 1.00 X 0 0 0 ELEANOR RIEMER DIRECTOR 2.00 X 0 0 0 LARRY SANTORO DIRECTOR 1.00 X 0 0 0 LESLEY IB SCHLESS DIRECTOR 1.00 X 0 0 0 VICTORIA J SEEGER DIRECTOR 1.00 X 0 0 0 SUSAN G WEINBERGER DIRECTOR 1.00 X 0 0 0 JOSEPH R ZIMMEL DIRECTOR 1.00 X 0 0 0 MARTHA POULTER DIRECTOR THRU 11.9.17 1.00 X 0 0 0 HOWARD STECKER DIRECTOR THRU 8.31.17 1.00 X 0 0 0 ANN P ROGERS FORMER EXECUTIVE DIRECTOR 40.00 X 186620 0 25929 CARRIE L BERNIER EXECUTIVE DIRECTOR 40.00 X 0 0 0 ANN MARIE WINSCH DIRECTOR OF FINANCE 40.00 X 114177 0 33498 300797 0 59427 2 0 1 0 NEUBERGER BERMAN 1290 AVENUE OF AMERICAS NEW YORK NY 10104 INVESTMENT ADVISORY FEES 117978 1 1954016 28249 1954016 782626 6 782620 11075579 10099674 975905 975905 603 975302 GOODNOW, GRAY & CO K-1 523000 -1008 -1008 -1008 3711539 0 609 1756914 780493 780493 1373012 1373012 387126 159590 136942 90594 192154 74706 18166 99282 16748 4748 719 11281 37646 11377 9195 17074 33246 13839 8412 10995 10174 10174 66250 66250 111569 111569 5499 5499 19924 1553 18371 12176 8736 3440 8070 8070 1001 1001 10014 9058 956 6627 1325 2651 2651 6617 6617 BANK FEES & MISC. 1739 1739 MEMBERSHIP, DUES & SUBS 975 750 225 PROF. DEVELOPMENT 49 49 3081109 2419090 407101 254918 195086 284531 3249288 1298248 668712 277170 704 4691 46391 35906 17112 10485 24089040 26775040 28219942 28650165 28195 24130 1012266 593180 206929 173591 1247390 790901 X 650866 954452 9969978 10757662 16351708 16147150 26972552 27859264 28219942 28650165 630430 256282 0 X X 0 1 X 1 0 X 1769881 1686692 2339082 701946 1954016 8451617 1769881 1686692 2339082 701946 1954016 8451617 905119 7546498 788280 857851 766127 220838 782465 3415561 -1804 -1920 -1804 -1008 -6536 11860642 0.63630 0.65380 X SCHEDULE A, PART II THE ORGANIZATION CHANGED ITS FISCAL YEAR END TO JUNE FROM DECEMBER BEGINNING WITH THE SIX MONTH PERIOD ENDED JUNE 30, 2017. THIS SIX MONTH PERIOD SUPPORT DATA IS INCLUDED IN THE "2016" COLUMN (D) OF THE SUPPORT SCHEDULE. ACCORDINGLY, THE TWELVE MONTH PERIOD SUPPORT DATA FOR THE YEARS ENDED DECEMBER31, 2016, 2015, AND 2014 HAVE BEEN PUSHED BACK INTO COLUMNS (C), (B), AND (A), RESPECTIVELY. 23519898 63895 1980253 1311122 104876 24148048 23291835 32700 1625549 1347677 82509 23519898 22772366 69409 1733024 1119994 162970 23291835 20865503 3956775 -555051 1330870 163991 22772366 20683574 67827 1045795 780898 150795 20865503 0.66870 0.33130 1 0 10343 8865 1478 36048 27041 9007 10485 ANNUITIES PAYABLE 44102 PRESENT VALUE OF LIFE TENANCY LIABILITY 129489 173591 X 3856252 256282 256282 3599970 111569 111569 3711539 2969540 0 2969540 111569 111569 3081109 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT IS FOR SCHOLARSHIPS AND GRANTS TO NORWALK COMMUNITY COLLEGE. PART X, LINE 2: THE FOUNDATION EVALUATES ALL SIGNIFICANT TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. AS OF JUNE 30, 2018, THE FOUNDATION DOES NOT BELIEVE THAT IT HAS TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT YEAR. 1 NORWALK COMMUNITY COLLEGE A DEPARTMENT OF THE STATE OF CT 188 RICHARDS AVENUE NORWALK CT 06854 061425725 780493 BOOK SEE PART III OF FORM 990 QUESTION 4B. 1 SCHOLARSHIPS 579 1373012 BOOK PART I, LINE 2: THE FOUNDATION EVALUATES THE COLLEGE'S REQUEST FOR FUNDING ANNUALLY AND PROVIDES SUPPORT BASED ON THE FUNDS AVAILABLE AND COMMITMENTS RECEIVED. THE COLLEGE SUBMITS TO THE FOUNDATION REGULAR FISCAL REPORTS AND NARRATIVE UPDATES ON THE PROJECTS BEING FUNDED. THE FOUNDATION SETS A BUDGET FOR SCHOLARSHIPS BASED ON THE FUNDS AVAILABLE. THE SCHOLARSHIP COMMITTEE IDENTIFIES STUDENTS WHO MEET THE SCHOLARSHIP ELIGIBILITY REQUIREMENTS AND THEN AWARDS ACCORDINGLY. X X X 0 0 0 0 0 0 0 1 0 ANN P ROGERS FORMER EXECUTIVE DIRECTOR 174620 0 12000 0 0 0 17228 0 8701 0 212549 0 0 0 PART I, LINE 7 THE AMOUNTS REPORTED ON SCHEDULE J, PART II COLUMN B REPRESENT BONUSES WHICH WERE APPROVED BY THE BOARD. X 4 28249 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE ORGANIZATION RECEIVED PUBLICLY TRADED SECURITIES FROM FOUR DONORS DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY BOTH THE FINANCE AND AUDIT COMMITTEES AND SUBSEQUENTLY DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST QUESTIONNAIRE IS DISTRIBUTED ANNUALLY TO ALL BOARD DIRECTORS AND THE EXECUTIVE DIRECTOR BY THE PRESIDENT OF THE FOUNDATION. THE QUESTIONNAIRE RESPONSES ARE THEN REVIEWED BY THE AUDIT COMMITTEE CHAIR AND THE BOARD PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES OF THE EXECUTIVE DIRECTOR AND THE FINANCE DIRECTOR ARE REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE FOUNDATION BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AS WELL AS THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE, NCC-FOUNDATION.ORG. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. THE FORM 1023 IS AVAILABLE UPON WRITTEN REQUEST AT 188 RICHARDS AVE SUITE E311. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT, ITS FINANCIAL STATEMENTS, AS WELL AS THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.