2024-05-14T21:24:37-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2022-07-01 237121670 HAGERSTOWN COMMUNITY COLLEGE FOUNDATION INC HAGE 2405002000 11400 ROBINWOOD DRIVE HAGERSTOWN MD 21742 DR ASHLEY WHALEY SR. DIR, COLLEGE ADVANCEMENT 2405002000 2024-05-14 1 DR ASHLEY WHALEY 999009999 0 ROBERT WILLIAMS P01345960 5712279500 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID ABELES 11400 ROBINWOOD DRIVE HAGERSTOWN MD 21742 2460635 0 X WWW.HAGERSTOWNCC.EDU/ALUMNI-FOUNDATION/HCC X 1968 MD THE ASSOCIATION'S ACTIVITIES AND PROJECTS SUPPORT HAGERSTOWN COMMUNITY COLLEGE AND ITS STUDENTS 29 29 0 40 0 0 6794931 1248901 0 0 1562556 651929 81355 91301 8438842 1992131 927184 1032999 0 0 0 0 0 0 13488 221467 219401 1148651 1252400 7290191 739731 22565769 23794295 125883 111127 22439886 23683168 TO ASSIST HAGERSTOWN COMMUNITY COLLEGE IN IT'S MISSION OF BEING A COMPREHENSIVE OPEN DOOR EDUCATIONAL INSTITUTION BY PROVIDING A MEANS FOR INDIVIDUALS AND BUSINESSES TO INVEST IN THE FUTURE OF OUR CITIZENS. 0 0 1041760 1032999 DURING FY23, THE FOUNDATION PROVIDED SCHOLARSHIPS TO 876 ELIGIBLE INDIVIDUALS ATTENDING HAGERSTOWN COMMUNITY COLLEGE. THE FOUNDATION ALSO PROVIDED SUPPORT FOR THE NEEDS OF THE COLLEGE. 1041760 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MD X ASHLEY WHALEY 2405002000 11400 ROBINWOOD DRIVE HAGERSTOWN MD 21742 DAVID ABELES PRESIDENT 2.00 X X 0 0 0 MELINDA WORDEN SECRETARY, BOARD DEVELOPME 1.00 X X 0 0 0 MARY HEIZER TREASURER, USMF LIAISON 1.00 X X 0 0 0 JULIE DONAT VP, RESOURCE DVLPT CMTE CHAIR 1.00 X X 0 0 0 WILLIAM FRITTS II PAST-PRESIDENT 1.00 X X 0 0 0 BRENDA HASSINGER ALUMNI REP, SCHOLARSHIP CMTE CHAIR 0.50 X 0 0 0 MICHAEL GEHR BOOSTER REPRESENTATIVE 0.50 X 0 0 0 JAMES PIERNE FACULTY REPRESENTATIVE 0.50 X 0 0 0 BRENTON ROHRER SIODA REPRESENTATIVE 0.50 X 0 0 0 PAULA LAMPTON TRUSTEE LIAISON 0.50 X 0 0 0 JOHN WILLIAMSON TRUSTEE LIAISON 0.50 X 0 0 0 JONNY BARR DIRECTOR 0.50 X 0 0 0 JODI BLAIR DIRECTOR 0.50 X 0 0 0 LIEBA COHEN DIRECTOR 0.50 X 0 0 0 PAUL CRAMPTON III DIRECTOR 0.50 X 0 0 0 TAYLOR DAVIS DIRECTOR 0.50 X 0 0 0 LINDA EBERSOLE DIRECTOR 0.50 X 0 0 0 ELLEN GERCKE DIRECTOR 0.50 X 0 0 0 LAURA HERRERA DIRECTOR 0.50 X 0 0 0 JUDITH KOFOET DIRECTOR 0.50 X 0 0 0 JOHN LATIMER IV DIRECTOR 0.50 X 0 0 0 ALAN LEVIN DIRECTOR 0.50 X 0 0 0 VIRGINIA LINDSAY DIRECTOR 0.50 X 0 0 0 CARROL LOURIE DIRECTOR 0.50 X 0 0 0 JOHN MILLER DIRECTOR 0.50 X 0 0 0 GEORGE NEWMAN III DIRECTOR 0.50 X 0 0 0 DAVID RISSER DIRECTOR 0.50 X 0 0 0 JOAN SCHUPP DIRECTOR 0.50 X 0 0 0 DUSTIN WATSON DIRECTOR 0.50 X 0 0 0 DR ASHLEY WHALEY SR DIR, COLLEGE ADVANCEMEN 37.50 X 0 89285 16152 0 89285 16152 0 0 0 0 USMF 3300 METZEROTT ROAD ADELPHI MD 20783 INVESTMENT MANAGEMENT 208854 1 14790 9455 1224656 44650 1248901 300401 300401 768211 416683 351528 351528 351528 138775 9455 51821 86954 86954 MISCELLANEOUS REVENUE 900099 4347 4347 4347 1992131 0 0 743230 199111 199111 833888 833888 300 33 267 6890 6890 182081 182081 3720 1263 2457 2243 249 1994 4347 4347 HOSPITALITY 9605 835 8770 ARBORETUM 8761 8761 1454 1454 1252400 1041760 197152 13488 287811 180979 3793243 2950363 2212 7136 18482503 20655817 22565769 23794295 17970 5150 72312 43880 35601 62097 125883 111127 X 8565548 5147570 13874338 18535598 22439886 23683168 22565769 23794295 X 739731 526331 -22780 X 0 1 X 1 0 X 1227600 1484846 918220 6794931 1248901 11674498 236052 385858 322075 735449 437136 2116570 1463652 1870704 1240295 7530380 1686037 13791068 281029 13510039 235763 159895 173875 282258 300401 1152192 30160 168152 143122 341434 15284694 0.88390 0.89330 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2021 AMOUNT: $ 11. 2022 AMOUNT: $ 4,347. GROSS INCOME FROM FUNDRAISING EVENTS - 2018 AMOUNT: $ 30,160. 2021 AMOUNT: $ 168,141. 2022 AMOUNT: $ 138,775. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17435673 1945558 995967 768211 19608987 15341652 3104178 162085 1172242 17435673 11706216 682492 3152368 199424 15341652 11154751 1240261 26045 714841 11706216 10317157 895755 650480 708641 11154751 0.17836 0.00000 0.82164 1 0 0 SYSTEM OF MARYLAND FOUNDATION, INC. UNITIZED INVESTMENT FUND 19608987 F INTEREST IN LIMITED PARTNERSHIP 1046830 C 20655817 DUE TO THE COLLEGE 62097 62097 X 2773517 526331 437136 963467 1810050 182081 182081 1992131 1530235 437136 22780 459916 1070319 182081 182081 1252400 PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS CONSIST OF APPROXIMATELY 206 NAMED FUNDS ESTABLISHED TO SUPPORT A VARIETY OF SCHOLARSHIP PROGRAMS AND OTHER ACTIVITIES AT HAGERSTOWN COMMUNITY COLLEGE. PART X, LINE 2: BASED ON ITS INTERPRETATION OF THE REQUIREMENTS OF ASC 740-10, MANAGEMENT BELIEVES THAT THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE OFF OF UNCOLLECTIBLE PLEDGES 22,780. 148230 9455 138775 13846 37975 148230 9455 138775 13846 37975 51821 86954 1 HAGERSTOWN COMMUNITY COLLEGE 11400 ROBINWOOD DRIVE HAGERSTOWN MD 21742 520945289 GOVERNMENT 199111 0 BOOK NONCASH CONTRIBUTIONS TRANSFERRED TO COLLEGE CAPITAL CAMPAIGN AND OTHER ASSISTANCE 1 0 SCHOLARSHIPS AWARDED 673 619547 N/A N/A CSA SCHOLARSHIPS AWARDED 203 214341 N/A N/A PART I, LINE 2: THE FOUNDATION FUNDS SCHOLARSHIPS THAT ARE AWARDED BY HAGERSTOWN COMMUNITY COLLEGE STRAIGHT TO THE SCHOOL FOR WHICH THE GRANT MONIES ARE TO BE USED. X 3310 RETAIL VALUE X 2 8928 FMV X CLASSROOM EQUIPMENT 4 31512 FMV X MISCELLANOUS CONTRIBUTIONS 1 900 FMV 0 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S MANAGEMENT WILL EMAIL THE FORM 990 TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A DIRECTOR OR COMMITTEE MEMBER WHO PLANS NOT TO ATTEND A MEETING AT WHICH HE OR SHE HAS REASON TO BELIEVE THAT THE BOARD OR COMMITTEE WILL ACT ON A MATTER IN WHICH THE PERSON HAS A CONFLICT OF INTEREST SHALL DISCLOSE TO THE CHAIR OF THE MEETING ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. THE CHAIR SHALL REPORT THE DISCLOSURE AT THE MEETING AND THE DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING MAY BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. SUCH PERSON'S INELIGIBILITY TO VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. AN ACTION ON A CONTRACT OR TRANSACTION SHALL BE APPROVED IF IT RECEIVES THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DISINTERESTED PERSONS ENTITLED TO VOTE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST FORM 990, PART XI, LINE 9: WRITE OFF OF UNCOLLECTIBLE PLEDGES -22,780.