2018-05-14T14:47:51-05:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 1966 GREENSPRING DRIVE TIMONIUM MD 210934161 990 2016-07-01 521886179 THE CARROLL COMMUNITY COLLEGE FOUNDATION INC CARR 4103868000 1601 WASHINGTON ROAD WESTMINSTER MD 21157 STEVEN WANTZ EXECUTIVE DIRECTOR 4103868000 2018-05-14 1 PATRICIA L KATEBINI CPA P01714127 4104530900 2016 2022-09-23 18:48:47Z STEVEN WANTZ 1601 WASHINGTON ROAD WESTMINSTER MD 21157 5760688 0 X WWW.CARROLLCC.EDU/FOUNDATION X 1994 MD PROVIDE SUPPORT TO CARROLL COMMUNITY COLLEGE. 20 20 0 270 0 0 706202 2853724 0 0 308948 385704 -15819 -34677 999331 3204751 515040 510485 0 0 0 0 0 249775 249775 124082 74093 639122 834353 360209 2370398 9529784 12325780 68733 13151 9461051 12312629 THE FOUNDATION IS A NON-PROFIT CORPORATION DEDICATED TO THE DEVELOPMENT OF FINANCIAL RESOURCES FOR THE COLLEGE TO SUPPORT THE EDUCATIONAL NEEDS OF ALL STUDENTS, BUSINESSES AND THE ENTIRE COMMUNITY. 0 0 510485 510485 THE FOUNDATION PROVIDES SCHOLARSHIP FUNDS TO QUALIFIED STUDENTS OF CARROLL COMMUNITY COLLEGE AS WELL AS EQUIPMENT AND OTHER SUPPORT DIRECTLY TO THE COLLEGE. IN THE CURRENT YEAR, 301 SCHOLARSHIPS WERE AWARDED. 510485 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MD X STEVEN WANTZ EXECUTIVE DIRECTOR 4103868000 1601 WASHINGTON ROAD WESTMINSTER MD 21157 ANNETTE M DANEK-AKEY PRESIDENT 5.00 X X 0 0 0 BRIAN HOLSONBAKE VICE PRESIDENT 5.00 X X 0 0 0 THOMAS E HOUCK JR TREASURER UNTIL FEB 2017 5.00 X X 0 0 0 MARK C KREBS TREASURER AS OF FEB 2017 5.00 X X 0 0 0 DR ARNOLD AMASS SECRETARY 5.00 X X 0 0 0 KELLY HILL PAST PRESIDENT 3.00 X 0 0 0 THERESA BETHUNE DIRECTOR 3.00 X 0 0 0 LORI BLAKE DIRECTOR 3.00 X 0 0 0 JOSEPH DIMAGGIO DIRECTOR 3.00 X 0 0 0 DR R LORRAINE FULTON DIRECTOR 3.00 X 0 0 0 AMY GIANNAKOULIAS DIRECTOR 3.00 X 0 0 0 RUSSELL J GRIMES DIRECTOR 3.00 X 0 0 0 VIRGINIA HARRISON DIRECTOR 3.00 X 0 0 0 BERNARD JONES SR DIRECTOR 3.00 X 0 0 0 JANICE KIRKNER DIRECTOR 3.00 X 0 0 0 DR RADHIKA KUNA DIRECTOR 3.00 X 0 0 0 BENJAMIN SCHEPER DIRECTOR 3.00 X 0 0 0 SETH SHIPLEY DIRECTOR 3.00 X 0 0 0 LORENE SHIFFLER DIRECTOR 3.00 X 0 0 0 MARGARET WELLIVER DIRECTOR 3.00 X 0 0 0 GERALD ZOLLER DIRECTOR 3.00 X 0 0 0 JOHN B YINGLING DIRECTOR 3.00 X 0 0 0 VICTORIA CAMPBELL GREEN DIRECTOR 3.00 X 0 0 0 TRISH CARROLL DIRECTOR 3.00 X 0 0 0 STEVEN WANTZ EXECUTIVE DIRECTOR 5.00 35.00 X 102157 0 28296 102157 0 28296 1 0 0 0 COMMUNITY COUNSELLING SERVICE 1730 RHODE ISLAND AVE NW STE 406 WASHINGTON DC 20036 PROFESSIONAL FUNDRAISING SERVICES 165000 1 236866 15901 2600957 94742 2853724 198050 198050 2613958 2426304 187654 187654 187654 94956 236866 129633 -34677 -34677 3204751 0 0 351027 251028 251028 259457 259457 249775 249775 51084 51084 2466 2466 20543 20543 834353 510485 74093 249775 0 254658 292118 278315 1852488 23403 30920 8590883 9765304 382525 384950 9529784 12325780 68733 13151 68733 13151 X 2296641 2473630 2058004 3504949 5106406 6334050 9461051 12312629 9529784 12325780 X 2370398 688329 -207149 X 0 1 X 1 0 X 686227 1248672 605620 706202 2853724 6100445 333545 381084 337819 396333 402898 1851679 1019772 1629756 943439 1102535 3256622 7952124 597880 7354244 145615 170525 209971 187273 198050 911434 8863558 0.82970 0.77410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 384950 X X X EDUCATIONAL 0 6530281 396814 916461 133867 7709689 6334191 92380 150035 46325 6530281 6080143 199381 134746 80079 6334191 4971930 602763 678223 172773 6080143 4336351 399238 366781 130440 4971930 0.70260 0.29740 0 0 0 X 4167378 688329 402898 -207149 884078 3283300 51084 -129633 -78549 3204751 1315800 402898 129633 532531 783269 51084 51084 834353 PART III, LINE 4: THE ART COLLECTION CONSISTS OF VARIOUS PAINTINGS AND DRAWINGS BY HIRAM WILLIAMS. THE RELATED ORGANIZATION HAS DECIDED TO SHOWCASE SEVERAL OF THE PAINTINGS IN VARIOUS LOCATIONS AROUND THE CAMPUS, AS WELL AS USE THEM AS TEACHING TOOLS IN THE ART DEPARTMENT. THE FOUNDATION ALSO HAS A DOLL COLLECTION WHICH CONSISTS OF APPROXIMATELY 100 DOLLS FROM VARIOUS COUNTRIES, PURCHASED BY THE DONOR WHILE TRAVELING TO THE VARIOUS COUNTRIES OVER A PERIOD OF TWENTY YEARS. THESE DOLLS ARE HOUSED IN THE COLLEGE BOARD ROOM. PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS CONSIST OF 70 FUNDS ESTABLISHED TO SUPPORT A VARIETY OF SCHOLARSHIPS AT CARROLL COMMUNITY COLLEGE. ITS ENDOWMENTS CONSIST OF DONOR-RESTRICTED ENDOWMENT FUNDS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONORIMPOSED RESTRICTIONS. PART X, LINE 2: THE FOUNDATION HAS ADOPTED THE GUIDANCE IN ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (ASC740-10); WHICH PRESCRIBES A THRESHOLD OF MORE-LIKELY-THAN-NOT FOR RECOGNITION AND DE-RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT ALSO RECOGNIZES RELATED GUIDANCE ON MEASUREMENT CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. THE FOUNDATION DOES NOT BELIEVE THAT THERE ARE ANY UNRECOGNIZED TAX BENEFITS OR COSTS THAT SHOULD BE RECOGNIZED. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON ARTWORK 2,425. UNCOLLECTABLE PLEDGES -209,574. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -129,633. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 129,633. X 1 COMMUNITY COUNSELLING SERVICE 1730 RHODE ISLAND AVE NW STE 406 WASHINGTON DC 20036 FUNDRAISING FEASIBILITY STUDY 0 0 0 252075 252075 MD BOOK FAIR 98618 71598 27020 7349 20801 STARRY NIGHT GALA 233204 165268 67936 47758 24000 25051 4674 331822 236866 94956 55107 24000 25051 25475 129633 -34677 1 CARROLL COUNTY COMMUNITY COLLEGE 1601 WASHINGTON ROAD WESTMINSTER MD 21157 521806923 STATE OF MARYLAND 251028 0 N/A N/A TO PROVIDE COLLEGE SUPPORT 1 0 SCHOLARSHIPS 301 259457 PART I, LINE 2: THE FINANCIAL AID OFFICE OF THE COLLEGE ENSURES THAT STUDENTS DO NOT DROP CLASSES, REMAIN IN THEIR FULL OR PART-TIME STATUS AS REQUIRED BY THEIR SCHOLARSHIP, AS WELL AS MEET CRITERIA OF SCHOLARSHIP, AND WITHHOLD FUTURE SEMESTER AMOUNTS IF CRITERIA IS NOT MET. X 5 20175 FAIR MARKET VALUE X AUCTION ITEMS 179 55107 FAIR MARKET VALUE X SUPPLIES 7 19460 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SHALL CONSIST OF THE PRESIDENT, VICE-PRESIDENT, SECRETARY, TREASURER, BOARD OF TRUSTEES REPRESENTATIVE AND NO MORE THAN THREE OTHER BOARD MEMBERS AS APPOINTED BY THE PRESIDENT. THE EXECUTIVE DIRECTOR OF THE FOUNDATION AND THE PRESIDENT OF CARROLL COMMUNITY COLLEGE SHALL SERVE AS EX-OFFICIO MEMBERS OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS WHEN THE BOARD IS NOT IN SESSION, SUBJECT ONLY TO THE FOLLOWING RESTRICTIONS: THE EXECUTIVE COMMITTEE SHALL HAVE NO AUTHORITY TO ALTER, AMEND OR REPEAL THE ARTICLES OF INCORPORATION TO THE BY-LAWS OF THE FOUNDATION; THE EXECUTIVE COMMITTEE SHALL HAVE NO AUTHORITY TO APPOINT DIRECTORS; THE EXECUTIVE COMMITTEE SHALL HAVE NO AUTHORITY TO INCUR FINANCIAL OR CONTRACTUAL OBLIGATIONS ON BEHALF OF THE FOUNDATION. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED IN WRITING TO THE DIRECTORS INDIVIDUALLY WITHIN THIRTY (30) DAYS AFTER SUCH ACTION IS TAKEN OR AT A MEETING OF THE BOARD OF DIRECTORS, IF A MEETING IS HELD WITHIN THAT PERIOD OF TIME. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE INCLUDED IN THE MINUTES OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B BEFORE THE 990 WAS FILED THE 990 WAS SENT TO THE FOUNDATION BOARD OF DIRECTORS VIA EMAIL FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, IS AN INTERESTED PERSON. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. THE MINUTES OF THE GOVERNING BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN: THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE GOVERNING BOARD'S OR COMMITTEE'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED; THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S OFFICERS AND/OR KEY EMPLOYEES ARE PAID BY AN UNRELATED ORGANIZATION, CARROLL COMMUNITY COLLEGE. THE COMPENSATION APPROVAL PROCESS FOLLOWS THE POLICIES AND PROCEDURES UNDER CARROLL COMMUNITY COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNCOLLECTABLE PLEDGES -209,574. INCREASE IN VALUE OF ARTWORK 2,425.