2020-01-08T14:36:07-06:00 2019-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2018-07-01 222485476 NORTH SHORE COMMUNITY COLLEGE FOUNDATION INC NORT 9787624000 1 FERNCROFT ROAD DANVERS MA 01923 BRUCE DANIELS TREASURER 9787624000 2019-12-17 1 STEVEN J COHEN P00747146 6174711120 2019-12-17 108.7.66.186 2019-12-17 10:45:29 ES P FCB7CD5281AB2D3D3B4A46987BA4D4070AE98563 C763F64EFE63A30A84122B55299B2513F18B4F8D 2018 2020-09-23 17:36:50Z BRUCE DANIELS 1 FERNCROFT ROAD DANVERS MA 01923 2857160 0 X WWW.NORTHSHORE.EDU/GIVING/FOUNDATION/ X 1983 MA TO PROVIDE SCHOLARSHIPS FOR ELIGIBLE STUDENTS AND GRANTS FOR THE NORTH SHORE COMMUNITY COLLEGE. 19 18 0 21 0 0 489941 1337438 0 0 469276 188434 0 -17796 959217 1508076 591112 621345 0 0 0 0 0 0 18293 238654 69111 829766 690456 129451 817620 8712885 9976122 310368 133899 8402517 9842223 TO PROVIDE SCHOLARSHIPS FOR ELIGIBLE STUDENTS AND GRANTS FOR THE NORTH SHORE COMMUNITY COLLEGE. 0 0 395261 395261 VARIOUS GRANTS RECEIVED FOR THE BENEFIT OF THE NORTH SHORE COMMUNITY COLLEGE AND PAID TO THE COLLEGE AS REQUIRED BY THE DONOR. 226084 226084 SCHOLARSHIPS AWARDED TO STUDENTS OF NORTH SHORE COMMUNITY COLLEGE. 621345 1 1 0 0 0 0 0 0 1 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 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 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 1 0 0 0 MA X BRUCE DANIELS TREASURER 9787624000 1 FERNCROFT ROAD DANVERS MA 019234017 STEPHEN VESEY PRESIDENT 1.00 0.00 X X 0 0 0 BRUCE DANIELS TREASURER 1.00 0.00 X X 0 0 0 JOHN FOUHY SECRETARY 1.00 0.00 X X 0 0 0 PATRICIA GENTILE DIRECTOR/COLLEGE PRES. 1.00 40.00 X 0 174361 44295 BARBARA HEINEMANN DIRECTOR 1.00 0.00 X 0 0 0 JAMES HORROCKS DIRECTOR 1.00 0.00 X 0 0 0 MARK HUNTER DIRECTOR 1.00 0.00 X 0 0 0 LYN KAPLAN DIRECTOR 1.00 0.00 X 0 0 0 STEPHANIE LEE DIRECTOR 1.00 0.00 X 0 0 0 BRIAN MASON DIRECTOR 1.00 0.00 X 0 0 0 TUCKER MCDONALD DIRECTOR 1.00 0.00 X 0 0 0 RT PAINE METCALF DIRECTOR 1.00 0.00 X 0 0 0 JOSEPH RILEY DIRECTOR 1.00 0.00 X 0 0 0 KEVIN ROURKE DIRECTOR 1.00 0.00 X 0 0 0 SHARI SAGAN MCGUIRK DIRECTOR 1.00 0.00 X 0 0 0 MARY SARRIS DIRECTOR 1.00 0.00 X 0 0 0 GEORGE TRAICOFF DIRECTOR 1.00 0.00 X 0 0 0 DAVID BAER DIRECTOR 1.00 0.00 X 0 0 0 WAYNE BURTON DIRECTOR 1.00 0.00 X 0 0 0 0 174361 44295 1 0 1 0 0 83358 1254080 1337438 107143 107143 1409487 1328196 81291 81291 81291 3092 83358 20888 -17796 -17796 1508076 0 0 170638 395261 395261 226084 226084 19300 19300 3366 3366 19233 940 18293 11743 11743 2407 2407 SUBSCRIPTIONS 13062 13062 690456 621345 50818 18293 466796 154898 73602 851417 101114 318324 12320 11950 8028519 8639533 30534 0 8712885 9976122 194 20593 207750 102424 113306 310368 133899 X 3492180 879099 2568872 6608243 2341465 2354881 8402517 9842223 8712885 9976122 817620 414336 207750 0 X X 0 1 X 1 0 X 796952 534745 545502 489941 1337438 3704578 796952 534745 545502 489941 1337438 3704578 3704578 113890 123767 117277 145296 107143 607373 4311951 0.85910 0.65870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 102424 31765 20883 113306 1 X 2341465 13416 2354881 2264789 76676 2341465 2197005 67784 2264789 2108456 88549 2197005 1826091 282365 2108456 1.00000 0 0 0 X 2076210 414336 132910 20888 568134 1508076 0 1508076 844254 132910 20888 153798 690456 0 690456 PART IV, LINE 2B: THE FOUNDATION HOLDS FUNDS FOR THE BENEFIT OF THE NORTH SHORE COMMUNITY COLLEGE ALUMNI ASSOCIATION. THIS IS AN AGENCY AGREEMENT. THE ALUMNI ASSOCIATION MAINTAINS CONTROL OVER HOW THE MONEY IS SPENT AND REPORTS ACCORDINGLY. PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION EXCEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSTION HAS A "MORE LIKELY THAN NOT" (MLTN) 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: FUNDRAISING EVENT EXPENSE PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSE PART IV, LINE 1B - EXPLANATION FOR UNREPORTED CONTRIBUTIONS OR ASSETS THE FOUNDATION HOLDS FUNDS FOR THE BENEFIT OF THE NORTH SHORE COMMUNITY COLLEGE ALUMNI ASSOCIATION. THIS IS AN AGENCY AGREEMENT. THE ALUMNI ASSOCIATION MAINTAINS CONTROL OVER HOW THE MONEY IS SPENT AND REPORTS ACCORDINGLY. PART IV, LINE 2B - ESCROW LIABILITY AGREEMENT EXPLANATION THE FOUNDATION HOLDS FUNDS FOR THE BENEFIT OF THE NORTH SHORE COMMUNITY COLLEGE ALUMNI ASSOCIATION. THIS IS AN AGENCY AGREEMENT. THE ALUMNI ASSOCIATION MAINTAINS CONTROL OVER HOW THE MONEY IS SPENT AND REPORTS ACCORDINGLY. CHAMPIONS BREAKFAST 86450 83358 3092 3092 17796 86450 83358 3092 3092 17796 20888 -17796 0 NORTH SHORE COMMUNITY COLLEGE 1 FERNCROFT RD DANVERS MA 01923 042687444 115 395261 FMV TO PROVIDE ACADEMIC SUPPORT AND OTHER ACTIVITIES AT NORTH SHORE COMMUNITY COLLEGE. 1 SCHOLARSHIPS 288 226084 PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS SCHOLARSHIPS ARE AWARDED BASED UPON THE DETERMINATION OF THE SCHOLARSHIP COMMITTEE COMPOSED OF BETWEEN THREE AND SEVEN MEMEBERS OF THE BOARD OF DIRECTORS OF THE FOUNDATION, AS APPOINTED BY THE PRESIDENT. SCHOLARSHIPS ARE AWARDED TO DESERVING INDIVIDUALS FOR THE PURPOSE OF PROMOTING, IMPROVING AND MAINTAINING THEIR EDUCATION AT NORTH SHORE COMMUNITY COLLEGE. THESE AWARDS ARE MADE ON MERIT WITHOUT DISCRIMINATION AS TO SEX, RACE, CREED, COLOR, RELIGION, AGE OR NATURAL ORIGION OF THE RECIPIENT. SCHOLARSHIPS ARE PAID DIRECTLY TO THE COLLEGE AND CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT TO ENSURE THAT THE FUNDS ARE USED FOR THEIR STATED PURPOSE. GRANTS ARE PAID DIRECTLY TO THE COLLEGE PER THE DONOR'S STATED PURPOSE. 0 0 0 0 0 0 0 0 0 PATRICIA GENTILE DIRECTOR/COLLEGE PRES. 0 174361 0 0 0 0 0 19795 0 24500 0 218656 0 0 SCHEDULE J, PART II THE SALARY OF THE PRESIDENT OF THE COLLEGE IS DETERMINED BY THE BOARD OF TRUSTEE OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FILING OF THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS APPROVES THE CPA FIRM TO PERFORM THE AUDIT AND REVIEWS THE AUDITED FINANCIAL STATEMENTS BEFORE THEY ARE FINALIZED. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NORTH SHORE COMMUNITY COLLEGE 1 FERNCROFT RD DANVERS MA 01923 042687444 HIGHER EDUCATION MA 115 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 NORTH SHORE COMMUNITY COLLEGE O 132910 FMV