2024-05-15T11:59:45-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2022-07-01 521886179 THE CARROLL COMMUNITY COLLEGE FOUNDATION INC CARR 4103868150 1601 WASHINGTON ROAD WESTMINSTER MD 21157 STEVEN WANTZ EXECUTIVE DIRECTOR 4103868150 2024-05-15 1 STEVEN WANTZ 999009999 0 ROBERT WILLIAMS P01345960 5712279500 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEVEN WANTZ 1601 WASHINGTON ROAD WESTMINSTER MD 21157 30104086 0 X WWW.CARROLLCC.EDU/FOUNDATION X 1994 MD PROVIDE SUPPORT TO CARROLL COMMUNITY COLLEGE. 18 18 0 45 0 0 958508 4007305 0 0 947007 1009036 -527 31901 1904988 5048242 804303 1130707 0 0 0 0 0 0 0 90152 60131 894455 1190838 1010533 3857404 18538969 23569667 124788 31696 18414181 23537971 X 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 1 1130707 1130707 0 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, 241 SCHOLARSHIPS WERE AWARDED. 1130707 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 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 4103868150 1601 WASHINGTON ROAD WESTMINSTER MD 21157 LORENE SHIFFLER PRESIDENT 5.00 X X 0 0 0 VIRGINIA HARRISON SECRETARY 3.00 X X 0 0 0 BENJAMIN SCHEPER VICE PRESIDENT 5.00 X X 0 0 0 KEITH BRYAN DIRECTOR 3.00 X 0 0 0 STEVEN AQUINO DIRECTOR 3.00 X 0 0 0 TONY CHIAVACCI DIRECTOR 3.00 X 0 0 0 JOSEPH DIMAGGIO DIRECTOR 3.00 X 0 0 0 GARY HARRIS DIRECTOR 3.00 X 0 0 0 KELLY HILL DIRECTOR 3.00 X 0 0 0 BERNARD JONES SR DIRECTOR 3.00 X 0 0 0 DANTE LIBERATORE DIRECTOR 3.00 X 0 0 0 EMILY BOLLINGER MILLER DIRECTOR 3.00 X 0 0 0 JOSEPH WEIKEL DIRECTOR 3.00 X 0 0 0 MARGARET WELLIVER DIRECTOR 3.00 X 0 0 0 DENISE LEWIS DIRECTOR 3.00 X 0 0 0 ALISON MARTIN DIRECTOR 3.00 X 0 0 0 BRIAN WOLFE DIRECTOR 3.00 X 0 0 0 LORI SULLIVAN DIRECTOR 3.00 X 0 0 0 STEVEN WANTZ EXECUTIVE DIRECTOR 40.00 X 0 138584 55969 0 138584 55969 1 0 1 0 0 114499 3892806 724140 4007305 519226 519226 25486145 24996335 489810 489810 489810 91410 114499 59509 31901 31901 5048242 0 0 1040937 741413 741413 389294 389294 60131 60131 1190838 1130707 60131 0 1959966 1156579 1504088 2610508 36969 447 14615821 19155564 422125 646569 18538969 23569667 124788 31696 124788 31696 X 5289807 6467020 13124374 17070951 18414181 23537971 18538969 23569667 X 3857404 1355221 -88835 X 0 1 X 1 0 X 716894 1047166 1478045 958504 4007305 8207914 448040 501185 456820 653771 667771 2727587 1164934 1548351 1934865 1612275 4675076 10935501 1812239 9123262 268529 284897 276453 542391 519226 1891496 84617 73451 39016 62373 91410 350867 13177864 0.69230 0.83490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 422125 X X X EDUCATIONAL 0 10471317 928700 1222719 72665 12550071 12212396 383888 -2028956 96011 10471317 9787050 161505 2337778 73937 12212396 9169761 418700 228454 29865 9787050 8512078 421501 575645 339463 9169761 0.00000 0.00000 1.00000 0 0 0 X 7047866 1355221 793369 -88835 2059755 4988111 60131 60131 5048242 1924076 793369 793369 1130707 60131 60131 1190838 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. PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS CONSIST OF 100 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 ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED 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: LOSS ON COLLECTIBLE PLEDGES -88,835. STARRY NIGHT GALA 205909 114499 91410 37595 16800 5114 205909 114499 91410 37595 16800 5114 59509 31901 1 CARROLL COUNTY COMMUNITY COLLEGE 1601 WASHINGTON ROAD WESTMINSTER MD 21157 521806923 STATE OF MARYLAND 741413 0 N/A N/A TO PROVIDE COLLEGE SUPPORT 1 0 SCHOLARSHIPS 241 251750 N/A N/A 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. 0 0 0 0 0 0 0 0 0 STEVEN WANTZ EXECUTIVE DIRECTOR 0 138584 0 0 0 0 0 22145 0 33824 0 194553 0 0 PART I, LINE 3 THE TOP MANAGEMENT OFFICIAL'S COMPENSATION IS PAID BY CARROLL COUNTY COMMUNITY COLLEGE, A RELATED TAX-EXEMPT ORGANIZATION. THE COLLEGE USED A WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. X 4 711291 AVG STOCK VALUE X AUCTION ITEMS 7 12849 REPLACEMENT COST 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART III, LINE 3 WE RETIRED THE PENGUIN RANDOM HOUSE BOOK FAIR THIS FISCAL YEAR. FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE MAY TAKE ACTION BETWEEN FULL BOARD MEETINGS OF TIME SENSITIVE DECISIONS. ALL ACTIONS ARE REPORTED TO THE FULL BOARD. 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 APPROVAL. 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 C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES -88,835. CARROLL COUNTY COMMUNITY COLLEGE 1601 WASHINGTON ROAD WESTMINSTER MD 21157 521806923 COLLEGE MD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0