2020-11-16T14:53:35-06:00 2020-06-30 366055558 GRANT THORNTON LLP 1000 WILSON BLVD SUITE 1400 ARLINGTON VA 22209 990 2019-07-01 232612698 COMMUNITY COLLEGE OF PHILADELPHIA FOUNDATION COMM 2157518502 1700 SPRING GARDEN ST ANNEX 7TH FL PHILADELPHIA PA 191303991 ELLYN JO WALLER PRESIDENT 2157518502 2020-11-16 1 MARY TORRETTA P00847851 7038477500 2020-11-16 68.100.106.138 2020-11-16 14:53:30 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 006362C19FAAB57CE450DCEB571610CC84329801 2019 2021-01-29 14:40:06Z ELLYN JO WALLER 1700 SPRING GARDEN ST ANNEX 7TH FL PHILADELPHIA PA 191303991 3705153 0 X WWW.CCP.EDU/SITE/ALUMNI/FOUNDATION/INDEX.HTML X 1985 PA RAISING PHILANTHROPIC FUNDS TO SUPPORT THE COLLEGE, ITS STUDENTS, PROGRAMS AND INITIATIVES 14 14 0 32 83740 83740 3419543 3183392 0 0 728240 521761 21162 -4758 4168945 3700395 2682743 2889160 0 0 0 0 0 0 56599 355907 128447 3038650 3017607 1130295 682788 14447614 15205173 1060944 1135715 13386670 14069458 X THE COMMUNITY COLLEGE OF PHILADELPHIA (CCP) FOUNDATION ENHANCES AND ENRICHES THE EDUCATIONAL EXPERIENCES OF COMMUNITY COLLEGE OF PHILADELPHIA STUDENTS BY PROVIDING EXTERNAL RESOURCES TO SUPPORT THE COLLEGE'S MISSION. AS THE PRIVATE FUND... (CONT'D ON SCHEDULE O) DEVELOPMENT ARM OF THE COLLEGE, THE FOUNDATION SUPPORTS THE COLLEGE'S MISSION BY BRINGING TOGETHER COMMUNITY LEADERS WHO WILL SERVE AS AMBASSADORS OF THE COLLEGE, BROADENING THE COLLEGE'S IMAGE WITHIN THE COMMUNITY. THE FOUNDATION SERVES THE COLLEGE BY CREATING PARTNERSHIPS WITH INDIVIDUALS, BUSINESSES, ORGANIZATIONS AND FOUNDATIONS TO RAISE PRIVATE GIFTS FOR SCHOLARSHIPS, STUDENT SUCCESS PROGRAMMING AND INITIATIVES, INSTRUCTIONAL EQUIPMENT, PROFESSIONAL DEVELOPMENT, AND CAPITAL NEEDS OF THE COLLEGE. 0 0 2097389 2097389 GRANTS TO SUPPORT STUDENT AND FACULTY PROGRAMS AND OTHER SPECIAL PROJECTS AT COMMUNITY COLLEGE OF PHILADELPHIA. THESE INCLUDE STUDENT SUCCESS AND SUPPORT INITIATIVES, FACULTY SUPPORT, AND COMMUNITY ENGAGEMENT, INCLUDING A SMALL BUSINESS TRAINING PROGRAM. 791771 791771 SCHOLARSHIPS AND AWARDS TO COMMUNITY COLLEGE OF PHILADELPHIA STUDENTS. APPROXIMATELY 746 STUDENTS WERE AWARDED SCHOLARSHIPS TO OFFSET THE COSTS OF TUITIONS, FEES, TEXTBOOKS AND OTHER EDUCATIONAL EXPENSES. 2889160 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 12 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X X GIM LIM 2157518187 1700 SPRING GARDEN STREET PHILADELPHIA PA 19130 JACOB EAPEN INTERIM EXEC DIR - END 5/17/2020 25.00 13.00 X 0 198424 19661 ELLYN JO WALLER BOARD PRESIDENT 3.00 X X 0 0 0 SULAIMAN RAHMAN VICE PRESIDENT 2.00 X X 0 0 0 TIMOTHY N SPREITZER SECRETARY 2.00 X X 0 0 0 LORRAINE H BROWN BOARD MEMBER - END MAR. 2020 1.00 X 0 0 0 LORINA L MARSHALL-BLAKE BOARD MEMBER 1.00 X 0 0 0 NICK BAYER BOARD MEMBER 1.00 X 0 0 0 GEORGE R BURRELL BOARD MEMBER-END 6/30/2020 1.00 X 0 0 0 GERALD K JONES BOARD MEMBER 1.00 X 0 0 0 MALCOLM JENKINS BOARD MEMBER-END 6/30/2020 1.00 X 0 0 0 DON KLIGERMAN BOARD MEMBER 1.00 X 0 0 0 JEREMIAH WHITE BOARD MEMBER - EX-OFFICIO 1.00 X 0 0 0 JILL M MICHAL BOARD MEMBER 1.00 X 0 0 0 MICHAEL D SOILEAU BOARD MEMBER 1.00 X 0 0 0 CRAIG A STOCK BOARD MEMBER 1.00 X 0 0 0 PRIYA ROY BOARD MEMBER 1.00 X 0 0 0 DAVID H DIX BOARD MEMBER 1.00 X 0 0 0 DEANA GAMBLE BOARD MEMBER 1.00 X 0 0 0 RASHEIA R JOHNSON TREASURER 2.00 X X 0 0 0 MICHAEL W BANKS BOARD MEMBER - EX-OFFICIO 1.00 X 0 0 0 ARLENE M YOCUM BOARD MEMBER 1.00 X 0 0 0 DR DONALD GENERALS CCP PRES., BRD MEMBER- EX-OFFICIO 8.00 30.00 X 0 0 0 0 198424 19661 0 0 1 0 0 125373 3058019 3183392 521761 83740 438021 0 125373 4758 -4758 -4758 3700395 0 83740 433263 2097389 2097389 791771 791771 23688 23688 35205 35205 51841 51841 4396 4396 348 348 TAXES,INTEREST & FEES 9229 9229 HOSPITALITY 3378 3378 PUBLIC EVENTS 362 362 3017607 2889160 71848 56599 1427612 1622503 855989 858020 283804 349891 5758 11834416 12313745 45793 55256 14447614 15205173 477336 838980 573677 280063 9931 16672 1060944 1135715 X 0 0 0 0 13386670 14069458 13386670 14069458 14447614 15205173 682788 0 X 0 1 X 1 0 X 2296152 2561349 3007160 3419543 3183142 14467346 2296152 2561349 3007160 3419543 3183142 14467346 4732586 9734760 43091 1021971 876827 712916 438021 3092826 18453 13346 16363 15324 83740 147226 33638 35840 88340 108880 266698 17974096 0.54160 0.59900 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2015 AMOUNT: $ 33,638. 2016 AMOUNT: $ 35,840. 2017 AMOUNT: $ 88,340. 2018 AMOUNT: $ 108,880. 2019 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10991980 489625 484525 266385 0 28068 11671677 10314992 263083 669537 236141 0 19491 10991980 9196748 543698 834665 241903 0 18216 10314992 9015186 132977 1006370 941255 0 16530 9196748 8906139 885397 22493 783793 0 15050 9015186 0.13040 0.86960 0.00000 0 0 0 CHARITABLE GIFTS ANNUITY 12516 DEPOSITS 4156 16672 X 3665190 0 3665190 35205 35205 3700395 2982402 0 2982402 35205 35205 3017607 PART V, LINE 4: ENDOWMENT FUNDS THE FOUNDATION RAISES PRIVATE FUNDS FOR STUDENT SCHOLARSHIPS AND PROGRAMS, SPECIAL PROJECTS, INSTRUCTIONAL EQUIPMENT, PROFESSIONAL DEVELOPMENT, AND THE CAPITAL NEEDS OF COMMUNITY COLLEGE OF PHILADELPHIA. ENDOWMENT FUNDS ARE USED TO ENHANCE AND ENRICH THE EXPERIENCES OF ALL OF THOSE INDIVIDUALS, ORGANIZATIONS, AND COMMUNITIES THAT PARTICIPATE IN AND BENEFIT FROM THE ACTIVITIES OF THE COLLEGE. THE FOUNDATION'S ENDOWMENT FUNDS ARE USED TO PROVIDE STUDENT SCHOLARSHIPS AND SUPPORT ENDOWED FACULTY POSITIONS. PART X, LINE 2: FIN 48 FOOTNOTE THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE INTERNAL REVENUE SERVICE (IRS) DETERMINED THE FOUNDATION IS ALSO CLASSIFIED AS A PUBLIC CHARITY UNDER SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) OF THE IRC TO SERVE AS AN ORGANIZATION RESPONSIBLE FOR COLLEGE FUNDRAISING ACTIVITIES. THE FOUNDATION FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTIES IN INCOME TAX POSITIONS WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR NOT RECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE FOUNDATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS, TO IDENTIFY AND REPORT UNRELATED INCOME, TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS, AND TO REVIEW OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE TAX YEARS ENDED JUNE 30, 2017, 2018, 2019, AND 2020 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. AS OF JUNE 30, 2020, MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAS NO MATERIAL UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. BLACK&GOLD GALA 2020 125373 125373 4758 125373 125373 4758 4758 -4758 SCHEDULE G, PART II DUE TO THE COVID PANDEMIC, THE COMMUNITY COLLEGE OF PHILADELPHIA FOUNDATION CANCELLED THE BLACK AND GOLD GALA SCHEDULED FOR JUNE 10, 2020. PREPARATIONS BEGAN APPROXIMATELY ONE YEAR IN ADVANCE, WITH SAVE THE DATA ANNOUNCEMENTS AND SOLICITATIONS MAILED IN SEPTEMBER 2019. EXPENSES RELATED TO MARKETING MATERIALS, SUCH AS INVITATIONS, LETTERHEAD, ETC., WERE INCURRED. IN CONSIDERATION OF THE UNPRECEDENTED NATURE OF THE COVID SITUATION, MANY GENEROUS SUPPORTERS CONTINUED TO SUPPORT THE EFFORTS THROUGH SPONSORSHIPS AND TICKET SALE REVENUES THAT WERE RECEIVED FROM PERSONAL ASKS, MAILINGS, AND OTHER COMMUNICATIONS. 1 COMMUNITY COLLEGE OF PHILADELPHIA 1700 SPRING GARDEN STREET PHILADELPHIA PA 19130 236391672 170(C)(1) 95000 0 PROGRAM SUPPORT - SINGLE STOP COMMUNITY COLLEGE OF PHILADELPHIA 1700 SPRING GARDEN STREET PHILADELPHIA PA 19130 236391672 170(C)(1) 2002389 0 PROGRAM SUPPORT 1 0 TUITION, FEES, BOOKS, AND MATERIALS 746 791771 PART I, LINE 2: PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S. SCHOLARSHIP FUNDS ARE AWARDED BASED ON ESTABLISHED GUIDELINES/CRITERIA (I.E. GRADE POINT AVERAGE, NUMBER OF CREDITS, AND OTHER SPECIAL PROJECTS THAT SUPPORT STUDENT SUCCESS). THE FOUNDATION ALSO MAKES CONTRIBUTIONS TO COMMUNITY COLLEGE OF PHILADELPHIA TO MEET CAPITAL AND OPERATING NEEDS TO SUPPORT THE COLLEGE'S CAMPUS DEVELOPMENT EFFORTS AND DEVELOP MORE SCHOLARSHIP OPPORTUNITIES FOR STUDENTS. THE FOUNDATION COMMONLY FUNDS INITIATIVES RELATED TO COMMUNITY DEVELOPMENT, AND PROVIDES PROGRAMMATIC SUPPORT IN THE AREAS OF WORKFORCE DEVELOPMENT, SERVICE LEARNING, ETC. 0 0 0 0 0 0 0 0 0 JACOB EAPEN INTERIM EXEC DIR - END 5/17/2020 0 198424 0 0 0 0 0 19661 0 0 0 218085 0 0 PART I, LINE 3 METHOD OF ESTABLISHING COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR THE FOUNDATION RELIES ON A PROCESS USED BY A RELATED ORGANIZATION (COMMUNITY COLLEGE OF PHILADELPHIA) TO ESTABLISH AND MONITOR COMPENSATION TO OFFICERS AND KEY EMPLOYEES TO ENSURE THAT COMPENSATION IS FAIR AND REASONABLE BASED ON THE JOB DESCRIPTION AS WELL AS THAT COMPENSATION REPORTING (I.E. FORM W-2) IS CORRECT FOR FEDERAL, STATE AND LOCAL TAX PURPOSES. HOWEVER, THE FOUNDATION DOES NOT HAVE EMPLOYEES AND SALARIES ARE PAID BY THE COLLEGE. OFFICERS AND DIRECTORS OF THE FOUNDATION SERVE ON A VOLUNTEER BASIS AND ARE NOT COMPENSATED FOR THEIR SERVICE. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. FORM 990, PART VI, SECTION A, LINE 7A GOVERNING BODY AND MANAGEMENT PER THE FOUNDATION'S BYLAWS, THE FOUNDATION WILL HAVE NO MEMBERS, AS SUCH, OF THE CORPORATION. THE NOMINATING COMMITTEE OF THE FOUNDATION BOARD OF DIRECTORS SHALL PREPARE A LIST OF NOMINEES FOR THE BOARD OF DIRECTORS, WHICH LIST SHALL BE PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. THE COLLEGE'S BOARD OF TRUSTEES SHALL HAVE THE EXCLUSIVE RIGHT, WITH REGARD TO THE CORPORATION, TO APPOINT THREE MEMBERS OF THE FOUNDATION BOARD OF DIRECTORS. IN ADDITION TO ITS EXCLUSIVE RIGHT TO APPOINT THREE MEMBERS OF THE FOUNDATION BOARD OF DIRECTORS, THE COLLEGE'S BOARD OF TRUSTEES SHALL HAVE THE EXCLUSIVE RIGHT TO AMEND THE FOUNDATION'S ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION A, LINE 7B SEE EXPLANATION FOR FORM 990, PART VI, LINE 7A FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY AN OUTSIDE TAX ACCOUNTANT BASED ON INFORMATION PROVIDED BY THE COMMUNITY COLLEGE OF PHILADELPHIA FOUNDATION AND IS SUBSEQUENTLY REVIEWED BY MANAGEMENT AND THE INVESTMENT AND FINANCE COMMITTEE. ONCE A FINAL DRAFT HAS BEEN PREPARED, ALL MEMBERS OF THE BOARD OF DIRECTORS ARE INVITED TO REVIEW THE FORM AND PROVIDE ADDITIONAL COMMENTS AND QUESTIONS PRIOR TO FILING. AFTER MAKING ANY REMAINING EDITS AND DISCUSSING OUTSTANDING ITEMS, THE FORM IS ELECTRONICALLY SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE FOUNDATION HAS A WRITTEN CONFLICT OF INTEREST POLICY AND OFFICERS ARE REQUIRED TO COMPLETE A FORM ON AN ANNUAL BASIS TO DISCLOSE ANY INTEREST THAT MAY ARISE INTO CONFLICTS. THE POLICY OUTLINES THE PROCESS FOR HANDLING ACTUAL AND POTENTIAL CONFLICTS OF INTEREST. THE FOUNDATION'S EXECUTIVE DIRECTOR AND OFFICERS MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY. ANY BOARD MEMBERS WITH A STATED CONFLICT OF INTEREST MAY NOT PARTICIPATE IN VOTING IF THE TOPIC COULD BE CONSIDERED A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 PROCESS OF DETERMINING COMPENSATION THE FOUNDATION RELIES ON A PROCESS USED BY A RELATED ORGANIZATION (COMMUNITY COLLEGE OF PHILADELPHIA) TO ESTABLISH, PROVIDE AND MONITOR COMPENSATION OF ITS EXECUTIVE DIRECTOR, WHO IS AN EMPLOYEE OF THE COLLEGE, TO ENSURE THAT COMPENSATION IS FAIR AND REASONABLE BASED ON THE JOB DESCRIPTION AS WELL AS THAT COMPENSATION REPORTING (I.E. FORM W-2) IS CORRECT FOR FEDERAL, STATE AND LOCAL TAX PURPOSES. THE PRESIDENT OF COMMUNITY COLLEGE OF PHILADELPHIA DETERMINES THE LEVEL OF COMPENSATION FOR THIS EMPLOYEE IN COORDINATION WITH INFORMATION PROVIDED BY THE COLLEGE'S HUMAN RESOURCES OFFICE. COMPARABILITY DATA IS USED FROM A VARIETY OF NATIONAL EXTERNAL SOURCES SUCH AS CUPA-HR, NACUBO, CASE (COUNCIL OF ADVANCEMENT AND SUPPORT OF EDUCATION), ETC. THE COLLEGE'S BOARD OF TRUSTEES APPROVED THE HIRING OF THE PRESIDENT. THE FOUNDATION DOES NOT HAVE EMPLOYEES AND SALARIES ARE PAID BY THE COLLEGE. OFFICERS AND DIRECTORS OF THE FOUNDATION SERVE ON A VOLUNTEER BASIS AND ARE NOT COMPENSATED FOR THEIR SERVICE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, IRS FORM 1023 AND FORM 990, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE FOUNDATION'S WEBSITE. THE LINK TO THESE DOCUMENTS IS HTTP://CCP.EDU/ALUMNI-FRIENDS/WHY-SUPPORT-COLLEGE/RESOURCES COMMUNITY COLLEGE OF PHILADELPHIA 1700 SPRING GARDEN STREET PHILADELPHIA PA 19130 236391672 EDUCATION PA 170(C)(1) SEE PART VII N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 1 0 NA TAX STATUS SCHEDULE R, PART II COMMUNITY COLLEGE OF PHILADELPHIA IS AN INTEGRAL PART OF THE CITY OF PHILADELPHIA, WHICH IS A POLITICAL SUBDIVISION OF THE COMMONWEALTH OF PENNSYLVANIA.