2022-02-01T11:58:11-06:00 2021-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFFICE PARK SUITE 102 BRAINTREE MA 02184 990 2020-07-01 237136083 MOUNT WACHUSETT COMMUNITY COLLEGE FOUNDATION INC MOUN 9786326600 444 GREEN STREET GARDNER MA 01440 SCOT BARRETT TREASURER 9786326600 2022-01-19 1 SCOT BARRETT 999009999 DAVID A DIIULIS P00303577 6174711120 2022-01-19 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CARLA ZOTTOLI 444 GREEN STREET GARDNER MA 01440 627107 0 X HTTP://MWCC.EDU/GIVING/ X 1971 MA AWARDING OF GRANTS AND SCHOLARSHIPS 21 19 0 20 0 0 977210 591393 0 0 58008 26492 0 0 1035218 617885 1035899 529997 0 0 0 0 0 0 0 99737 101635 1135636 631632 -100418 -13747 7597135 9595034 39615 77357 7557520 9517677 X THE MISSION OF MOUNT WACHUSETT COMMUNITY COLLEGE FOUNDATION, INC. IS TO SECURE TIME, TALENT, AND TREASURE FROM PRIVATE AND PUBLIC SOURCES THAT WILL ENABLE THE COLLEGE TO PROVIDE ACCESSIBLE, AFFORDABLE EDUCATION, AND TO IMPLEMENT, SOCIAL, ECONOMICAL AND CULTURAL INITIATIVES. 0 0 232568 232568 FOSTERING AND PROMOTING EXCELLENCE IN EDUCATION AND RESEARCH THROUGH GRANTS AND ASSISTING IN THE GROWTH AND IMPROVEMENT OF THE COLLEGE 297429 297429 TO PROVIDE FINANCIAL ASSISTANCE THROUGH SCHOLARSHIPS AND AWARDS TO QUALIFIED STUDENTS 529997 1 1 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 21 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MA X CARLA ZOTTOLI EXECUTIVE DIRECTOR 9786326600 444 GREEN STREET GARDNER MA 01440 WALTER J DWYER IV CHAIRMAN 1.00 X X 0 0 0 ARTHUR FEEHAN VICE CHAIRMAN 1.00 X X 0 0 0 CARLA ZOTTOLI EXECUTIVE DIRECTOR 9.00 28.50 X X 0 96189 8489 SCOT BARRETT TREASURER 1.00 X X 0 0 0 EVE MARIE NEZICH CERYANEK DIRECTOR 1.00 X 0 0 0 ANDREW COLAMETA DIRECTOR 1.00 X 0 0 0 GAIL STEELE DIRECTOR 1.00 36.50 X 0 122465 29881 CHARLES BOWLES DIRECTOR 1.00 X 0 0 0 JEANIE CONNOLLY DIRECTOR 1.00 X 0 0 0 RICHARD FLANAGAN DIRECTOR 1.00 X 0 0 0 WINFIELD BROWN DIRECTOR 1.00 X 0 0 0 WAYNE CANTY DIRECTOR 1.00 X 0 0 0 RICHARD A CELLA DIRECTOR 1.00 X 0 0 0 RAYMOND LAFOND DIRECTOR 1.00 X 0 0 0 CELESTE DRAKE DIRECTOR 1.00 X 0 0 0 DOUGLAS J PETERSEN DIRECTOR 1.00 X 0 0 0 HENRY TESSMAN DIRECTOR 1.00 X 0 0 0 RAYMOND MARTINO DIRECTOR 1.00 X X 0 0 0 MELISSA GLENNY DIRECTOR 1.00 X 0 0 0 KEITH BOISSINEAU DIRECTOR 1.00 X 0 0 0 ROY NASCIMENTO DIRECTOR 1.00 X 0 0 0 0 218654 38370 0 0 1 0 0 591393 591393 16900 16900 18814 9222 9592 9592 9592 617885 0 0 26492 232568 232568 297429 297429 58225 58225 12140 12140 18814 18814 876 876 500 500 2058 2058 LICENSING 7552 7552 DUES AND SUBSCRIPTIONS 1470 1470 631632 529997 101635 0 427357 550366 150607 374198 111979 0 5850 6950 184640 210466 4914338 5976152 1802364 2476902 7597135 9595034 39615 27357 0 50000 39615 77357 X 3076827 3866452 4480693 5651225 7557520 9517677 7597135 9595034 X -13747 1294887 679017 X X 0 1 X 1 0 X 637202 670828 418372 977210 591393 3295005 30900 43600 45200 48800 48300 216800 668102 714428 463572 1026010 639693 3511805 914510 2597295 77260 81933 99895 51193 16900 327181 3838986 60964 0.67660 0.70820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4268673 37112 1156229 40994 5421020 4109671 168117 64926 74041 4268673 3856144 43228 317765 107466 4109671 3474043 110528 325247 53674 3856144 2835586 227281 452541 41365 3474043 0.70400 0.14700 0.14900 0 0 0 COMMON POOLED EQUITY AND INCOME FUNDS 5725966 F CERTIFICATES OF DEPOSIT 250186 C 5976152 BENEFICIAL INTEREST 2476902 2476902 REFUNDABLE ADVANCES 50000 50000 X 2621275 1294887 48300 679017 2022204 599071 18814 18814 617885 661118 48300 48300 612818 18814 18814 631632 PART V, LINE 4: ENDOWMENT FUNDS HELD BY THE FOUNDATION ARE RESTRICTED FOR SCHOLARSHIP AND FOR THE USE OF MOUNT WACHUSETT COMMUNITY COLLEGE. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES, THE STATUTE OF LIMITATIONS MAY REMAIN OPEN INDEFINITELY. AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES, THE FOUNDATION MAY, HOWEVER, BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST 679,017. 0 MOUNT WACHUSETT COMMUNITY COLLEGE 144 GREEN STREET GARDNER MA 01440 046002284 115 231553 TO FULLFILL THE MISSION OF THE FOUNDATION BY SUPPORTING MOUNT WACHUSETT CC. 1 SCHOLARSHIPS 334 297429 FMV 0 0 0 0 0 0 0 0 0 GAIL STEELE DIRECTOR 0 122465 0 0 0 0 0 0 0 29881 0 152346 0 0 FORM 990, PART VI, SECTION B, LINE 11B AS PART OF THE FORM 990 REVIEW PROCESS, THE FORM 990 WILL BE DELEGATED TO A SUB-COMMITTEE WHERE A MEMBER OF THE FINANCE COMMITTEE WILL BE ABLE TO REVIEW THE RETURN FOR COMPLETENESS AND ACCURACY. ONCE THE FORM 990 HAS BEEN APPROVED BY THE FINANCE COMMITTEE IT CAN THEN BE FILED WITH THE INTERNAL REVENUE SERVICE AND THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE. FORM 990, PART VI, SECTION B, LINE 12C PERSONS COVERED BY THIS POLICY WILL ANNUALLY DISCLOSE OR UPDATE TO THE CHAIRMAN OF THE BOARD OF DIRECTORS THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, SUCH AS A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENTS HOLDINGS, AND OTHER TRANSACTION OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OR THOSE OF FAMILY MEMBERS. 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 AND THROUGH THE PUBLISHING OF PRINTED REPORTS. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST 679,017. FORM 990, PART XII, LINE 2C THE FOUNDATION DOES HAVE A FORMAL COMMITTEE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT. THE PROCESS OF OVERSEEING THE AUDIT AND THE RELATED STATEMENTS HAVE NOT CHANGED SINCE THE PRIOR YEAR. MOUNT WACHUSETT COMMUNITY COLLEGE 444 GREEN STREET GARDNER MA 01440 046002284 COMMUNITY COLLEGE - EDUCATION MA 115 N/A N/A 0 1 1 0 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 MOUNT WACHUSETT COMMUNITY COLLEGE B 461092 COST MOUNT WACHUSETT COMMUNITY COLLEGE P 58225 COST MOUNT WACHUSETT COMMUNITY COLLEGE A 2240 FMV