2021-11-11T11:56:00-06:00 2021-06-30 330996661 DANNIBLE & MCKEE LLP 221 SOUTH WARREN ST SYRACUSE NY 13202 990 2020-07-01 237075704 BROOME COMMUNITY COLLEGE FOUNDATION INC BROO 6077785182 PO BOX 1017 BINGHAMTON NY 139021017 CATHERINE R WILLIAMS EXECUTIVE DIRECTOR 6077785182 2021-10-29 1 CATHERINE WILLIAMS 999009999 SHANNON T FORKIN CPA P00973625 3154729127 2021-10-29 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z CATHERINE R WILLIAMS PO BOX 1017 BINGHAMTON NY 139021017 3887014 0 X WWW.BROOMECCFOUNDATION.ORG X 1965 NY THE BROOME COMMUNITY COLLEGE FOUNDATION STRIVES TO BE AMONG THE MOST SUPPORTIVE COMMUNITY COLLEGE FOUNDATIONS IN THE STATE UNIVERSITY OF NEW YORK SYSTEM AND IN THE COUNTRY. WE SHALL RAISE AND ADMINISTER FUNDS AND BUILD AND MAINTAIN RELATIONSHIPS THAT (1) ASSIST NEEDY STUDENTS, (2) RECOGNIZE AND HONOR HIGH-ACHIEVING STUDENTS, (3) HELP FACULTY AND STAFF PROVIDE THE BEST INSTRUCTIONAL ENVIRONMENT POSSIBLE, AND (4) ENCOURAGE INNOVATION AND ACHIEVEMENT ON CAMPUS, ESPECIALLY WHERE GOVERNMENT FUNDS ARE EITHER UNAVAILABLE OR INSUFFICIENT. 32 32 14 32 0 0 1092633 1660139 0 0 1071600 1246614 -6868 188 2157365 2906941 1178767 1517308 0 0 677992 629174 0 0 259055 228199 222680 2084958 2369162 72407 537779 38801780 46511123 1159466 249783 37642314 46261340 X THE BROOME COMMUNITY COLLEGE FOUNDATION STRIVES TO BE AMONG THE MOST SUPPORTIVE COMMUNITY COLLEGE FOUNDATIONS IN THE STATE UNIVERSITY OF NEW YORK SYSTEM AND IN THE COUNTRY. WE SHALL RAISE AND ADMINISTER FUNDS AND BUILD AND MAINTAIN RELATIONSHIPS THAT (1) ASSIST NEEDY STUDENTS, (2) RECOGNIZE AND HONOR HIGH-ACHIEVING STUDENTS, (3) HELP FACULTY AND STAFF PROVIDE THE BEST INSTRUCTIONAL ENVIRONMENT POSSIBLE, AND (4) ENCOURAGE INNOVATION AND ACHIEVEMENT ON CAMPUS, ESPECIALLY WHERE GOVERNMENT FUNDS ARE EITHER UNAVAILABLE OR INSUFFICIENT. 0 0 1737553 1517308 GRANTS IN AID ISSUED TO STUDENTS BASED ON FINANCIAL NEED ($722,738); MERIT AID BASED ON ACADEMIC ACCOMPLISHMENTS ($464,220); PRESIDENTIAL DISCRETIONARY ALLOCATIONS ($3,351), COLLEGE ENHANCEMENT ($2,747); FACULTY DEVELOPMENT RECOGNITION TO ENHANCE PROFESSIONAL DEVELOPMENT ($35,192); CAPITAL PROJECTS ($58,883); AND SPECIAL PROJECTS ($230,177) 1737553 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X THE ORGANIZATION 6077785182 PO BOX 1017 BINGHAMTON NY 139021017 CHERYL J KUROSKY PRESIDENT 1.00 X X 0 0 0 RICHARD J ALLMAN VICE PRESIDENT 1.00 X X 0 0 0 HOWARD MELLER THRU OCTOBER VICE PRESIDENT 1.00 X X 0 0 0 ALEXANDER RACKETA SECRETARY 1.00 X X 0 0 0 NANCY E BUTTON ASSISTANT SECRETARY 1.00 X X 0 0 0 JAMES G STRILEY TREASURER 1.00 X X 0 0 0 MATTHEW C DEPALMO ASSISTANT TREASURER 1.00 X X 0 0 0 KATHLEEN BARTLOW THRU OCTOBER ASSISTANT TREASURER 1.00 X 0 0 0 MARGARET A TURNA DIRECTOR EMERITUS 1.00 X 0 0 0 MAUREEN D WILSON DIRECTOR EMERITUS 1.00 X 0 0 0 ARTHUR C SMITH DIRECTOR EMERITUS 1.00 X 0 0 0 DR LINDA H BIEMER DIRECTOR EMERITUS 1.00 X 0 0 0 LAWRENCE C ANDERSON DIRECTOR EMERITUS 1.00 X 0 0 0 DR KEVIN E DRUMM EX-OFFICIO 1.00 X 0 0 0 KAY BOLAND DIRECTOR 1.00 X 0 0 0 SUSAN CARPENTER THRU OCTOBER DIRECTOR 1.00 X 0 0 0 DR KOMLA DZIGBEDE THRU OCTOBER DIRECTOR 1.00 X 0 0 0 IRENE C GRAVEN DIRECTOR 1.00 X 0 0 0 PEYTON HAWKES DIRECTOR 1.00 X 0 0 0 NICOLE HUFF DIRECTOR 1.00 X 0 0 0 DR MARY JOHN DIRECTOR 1.00 X 0 0 0 STEVEN D JOHNSON DIRECTOR 1.00 X 0 0 0 DIANE M JULIAN DIRECTOR 1.00 X 0 0 0 GWEN K KANIA DIRECTOR 1.00 X 0 0 0 GERALD E KETTLE DIRECTOR 1.00 X 0 0 0 AISHIA J MORTENSON DIRECTOR 1.00 X 0 0 0 SHANE M MCGUIRE DIRECTOR 1.00 X 0 0 0 PETER NEWMAN THRU OCTOBER DIRECTOR 1.00 X 0 0 0 LEO O'CONNOR DIRECTOR 1.00 X 0 0 0 ANTHONY PANICCIA DIRECTOR 1.00 X 0 0 0 ELLIOT D REITZ DIRECTOR 1.00 X 0 0 0 LANA ROUFF DIRECTOR 1.00 X 0 0 0 DR RICHARD M ROMANO DIRECTOR 1.00 X 0 0 0 PATRICK SCANLAN DIRECTOR 1.00 X 0 0 0 JOHN SHEA THRU OCTOBER DIRECTOR 1.00 X 0 0 0 GLENN R SMALL DIRECTOR 1.00 X 0 0 0 ROBERT P WILLIAMS DIRECTOR 1.00 X 0 0 0 LORIANNE WELCH DIRECTOR 1.00 X 0 0 0 CATHERINE R WILLIAMS EXECUTIVE DIRECTOR 37.50 X 132175 0 32636 132175 0 32636 1 0 1 0 0 122000 1538139 1660139 1718 1718 2224969 980073 1244896 1244896 1244896 MISCELLANEOUS OTHER INCOME 900099 188 188 188 2906941 1245084 0 1718 1517308 1517308 168087 46289 24376 97422 358161 92701 171081 94379 23924 7010 9576 7338 44482 16923 13721 13838 34520 8889 12796 12835 11045 6627 3313 1105 15670 9402 4701 1567 98954 98954 13053 7832 3916 1305 5693 3807 1886 31368 18821 9410 3137 995 995 187 20 167 6058 3634 1212 1212 6475 6475 POSTAGE 14115 2117 706 11292 BANK FEES 9356 1924 7432 BAD DEBT EXPENSE 3425 3425 PRINTING EXPENSE 3176 929 2247 3110 2212 898 2369162 1737553 372554 259055 318469 436575 1333280 537614 325820 290501 13347 9672 84030 83320 6768 710 31723977 39453529 5080119 5782522 38801780 46511123 948522 52723 0 197060 122000 0 88944 0 1159466 249783 X 7313788 9755651 30328526 36505689 37642314 46261340 38801780 46511123 537779 8658121 -576874 0 X X 0 1 X 1 0 X 1041085 2141402 1822188 1092633 1538139 7635447 21833 16956 19111 18079 18622 94601 1062918 2158358 1841299 1110712 1556761 7730048 2328504 5401544 431057 454762 549738 158510 1718 1595785 46242 15618 2649 -6868 188 57829 9383662 0.57560 0.44890 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS OTHER INCOME - 2016 AMOUNT: $ 10,759. 2017 AMOUNT: $ 8,244. 2018 AMOUNT: $ 9,701. 2019 AMOUNT: $ 8,774. 2020 AMOUNT: $ 188. CHANGE IN SPLIT INTEREST AGREEMENTS - 2016 AMOUNT: $ 35,483. 2017 AMOUNT: $ 7,374. 2018 AMOUNT: $ -7,052. 2019 AMOUNT: $ -15,642. 2020 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35123262 369748 4588107 1449740 98954 38532423 35621315 523983 606645 1190632 438004 35123262 32498176 1975702 2649305 1060904 440964 35621315 33978849 682273 2479323 4240447 401822 32498176 21202624 498602 3449194 781921 389650 33978849 0.29400 0.00000 0.70600 0 0 7487 6777 710 76543 76543 0 710 BENEFICIAL INTERESTS IN PERPETUAL TRUSTS 5467276 BENEFICIAL INTEREST IN CHARITABLE REMAINDER UNITRUST 240664 BENEFICIAL INTEREST CHARITABLE GIFT ANNUITIES HELD BY THIRD PARTIES 74582 5782522 X 11484730 8658121 18622 8676743 2807987 98954 98954 2906941 2288830 18622 18622 2270208 98954 98954 2369162 PART V, LINE 4: THE INVESTMENT OBJECTIVE FOR THE MANAGEMENT OF THE ENDOWMENT ASSETS ARE TO MANAGE THE CONTRIBUTIONS IN A MANNER THAT WILL MAXIMIZE THE BENEFIT INTENDED BY THE DONOR, TO PRODUCE CURRENT INCOME TO SUPPORT THE PROGRAMS OF THE FOUNDATION AND SUNY BROOME COMMUNITY COLLEGE, AND TO ACHIEVE GROWTH OF BOTH PRINCIPAL VALUE AND INCOME OVER TIME SUFFICIENT TO PRESERVE OR INCREASE THE PURCHASING POWER OF THE ASSETS, THUS PROTECTING THE ASSETS AGAINST INFLATION. PART X, LINE 2: THE FOUNDATION HAS REVIEWED ITS OPERATIONS FOR UNCERTAIN TAX POSITIONS AND BELIEVES THERE ARE NO SIGNIFICANT EXPOSURES. 1 MERIT SCHOLARSHIP BASED ON ACADEMIC ACCOMPLISHMENTS 631 464220 GRANTS IN AID ISSUED TO STUDENTS BASED ON FINANCIAL NEED 1375 722738 FACULTY/STAFF DEVELOPMENT 22 35192 PRESIDENTIAL DISCRETIONARY ALLOCATIONS 10 3351 IMPROVE RELATIONSHIPS ON CAMPUS - COLLEGE ENHANCEMENT 5 2747 SPECIAL PROJECTS, DEPARTMENTAL, PROGRAM 377 230177 CAPITAL PROJECTS 1 58883 PART I, LINE 2: EACH GRANT EXPENDITURE MUST MEET THE CRITERIA ALREADY DETERMINED. IT MUST BE AUTHORIZED, REVIEWED AND APPROVED BY THE FOUNDATION'S ADMINISTRATION. X X X X 0 0 0 0 0 0 0 0 0 CATHERINE R WILLIAMS EXECUTIVE DIRECTOR 132175 0 0 0 0 0 13500 0 19136 0 164811 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF THE FORM 990, COPIES ARE FORWARDED TO ALL THE MEMBERS OF THE GOVERNING BODY FOR THEIR REVIEW. THE EXECUTIVE COMMITTEE MAY ASK FOR MODIFICATIONS. UPON COMPLETION OF THE REVIEW AND MODIFICATIONS, THE EXECUTIVE COMMITTEE WILL PROVIDE APPROVAL TO FILE THE FORM WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARDS REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY AND THEY COMPLETE AN ACKNOWLEDGEMENT AND RECEIPT. FORM 990, PART VI, SECTION B, LINE 15 IT IS THE RESPONSIBILITY OF THE BOARD OF DIRECTORS TO DETERMINE THAT COMPENSATION FOR THE FOUNDATION'S EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES IS FAIR AND EQUITABLE FOR THE WORK REQUIRED. THIS DETERMINATION MAY REQUIRE SAMPLING OF SIMILAR ORGANIZATIONS IN THE COMMUNITY AND OTHER COMMUNITY COLLEGE FOUNDATIONS. THE APPROPRIATE LEVEL OF COMPENSATION IN ANY GIVEN YEAR IS SUBJECT TO APPROVAL BY THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. THE ANNUAL AUDITED FINANCIAL STATEMENTS WILL BE AVAILABLE FOR INSPECTION AT THE FOUNDATION'S OFFICE. THIS INCLUDES STATEMENTS FOR THE FIVE FISCAL YEARS PRECEDING THE DATE OF THE REQUEST. FORM 990, PART XII, LINE 2C: THE FOUNDATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS FOR THE AUDIT OR SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT DURING THE TAX YEAR. BCC HOUSING DEVELOPMENT I LLC 907 UPPER FRONT STREET BINGHAMTON NY 13905 462874382 INACTIVE NY 0 0 BROOME COMMUNITY COLLEGE FOUNDATION SUNY BROOME COMMUNITY COLLEGE 907 UPPER FRONT STREET BINGHAMTON NY 13905 161393336 EDUCATION NY N/A 0 BCC HOUSING DEVELOPMENT CORPORATION 907 UPPER FRONT STREET BINGHAMTON NY 13905 461720815 STUDENT HOUSING NY 501(C)(3) N/A 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 SUNY BROOME COMMUNITY COLLEGE B 1517308 U.S. CURRENCY SUNY BROOME COMMUNITY COLLEGE K 18622 FMV