2019-11-06T12:51:23-06:00 2019-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2018-07-01 042736585 BERKSHIRE COMMUNITY COLLEGE FOUNDATION INC BERK 4134994660 1350 WEST STREET PITTSFIELD MA 01201 TESS SORRENTINO TREASURER 4134994660 2019-10-10 1 DAVID A DIIULIS P00303577 6174711120 2019-10-10 108.7.66.186 2019-10-10 16:43:25 ED P 83B70801D2DA4BBF30524D4CB20622CDAF18E9C3 E27EA94F9E26D2F6CAFB6AA932DE270025BE9AD7 2018 2020-03-31 21:24:44Z TESS SORRENTINO 1350 WEST STREET PITTSFIELD MA 01201 4049627 0 X BERKSHIRECC.EDU X 1980 MA TO ENCOURAGE, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR EDUCATIONAL AND CHARITABLE PURPOSES FOR THE ADVANCEMENT OF BERKSHIRE COMMUNITY COLLEGE. 16 16 0 35 0 0 780494 1289699 0 0 502488 257870 133292 108748 1416274 1656317 670915 1815202 0 0 0 0 0 0 21551 191961 182892 862876 1998094 553398 -341777 11008486 11006219 123264 66707 10885222 10939512 TO ENCOURAGE, RECEIVE AND ADMINISTERGIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR EDUCATIONALAND CHARITABLE PURPOSES FOR THE ADVANCEMENT OF BERKSHIRECOMMUNITY COLLEGE. 0 0 1815202 1815202 PROVIDE SCHOLARSHIPS AND AWARDS TO THE STUDENTS OF BERKSHIRE COMMUNITY COLLEGE AND FUNDING FOR EDUCATIONAL PROGRAMS AND EXHIBITS. 1815202 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X BCC FOUNDATION BUSINESS OFFICE 4134994660 1350 WEST STREET PITTSFIELD MA 01201 X X EUGENE DELLEA PRESIDENT 3.00 X X 0 0 0 TESS SORRENTINO TREASURER 3.00 X X 0 0 0 BARBARA HOCHBERG VICE PRESIDENT 3.00 X X 0 0 0 AUGUSTA LEIBOWITZ SECRETARY 3.00 X X 0 0 0 DANIEL DILLON DIRECTOR 3.00 X 0 0 0 KEYBURN HOLLISTER DIRECTOR 3.00 X 0 0 0 RICHARD RILLA DIRECTOR 3.00 X 0 0 0 WILLIAM KIRBY DIRECTOR 3.00 X 0 0 0 NANCY MCINTIRE DIRECTOR 3.00 X 0 0 0 PAMELA ROBERTS DIRECTOR 3.00 X 0 0 0 JANET DOHONEY DIRECTOR 3.00 X 0 0 0 SUSAN LOMBARD DIRECTOR 3.00 X 0 0 0 BERNARD PINSONNAULT DIRECTOR 3.00 X 0 0 0 SHERI QUINN DIRECTOR 3.00 X 0 0 0 STAN WALCZYK DIRECTOR 3.00 X 0 0 0 LORI GAZZILLO KIELY DIRECTOR 3.00 X 0 0 0 SAMUEL RUSSO DIRECTOR 3.00 X 0 0 0 0 0 0 0 0 0 0 0 75800 1213899 1289699 209621 209621 298750 162499 136251 136251 136251 2241137 2192888 48249 48249 48249 10420 75800 37923 -27503 -27503 1656317 136251 0 230367 1747027 1747027 68175 68175 44892 44892 438 438 11253 11253 64365 64365 9312 9312 21684 9445 12239 26536 26536 2192 2192 DUES & SUBSCRIPTIONS 2220 2220 1998094 1815202 161341 21551 1309977 1163582 312000 34500 1425541 1106814 326458 318727 9060051 9489410 11008486 11006219 123264 66707 123264 66707 X 697647 602585 4004416 4121827 6183159 6215100 10885222 10939512 11008486 11006219 -341777 396067 0 X X 0 1 X 1 0 X 389218 495215 500227 780494 1289699 3454853 389218 495215 500227 780494 1289699 3454853 3454853 139500 159628 461332 488882 508371 1757713 5212566 0.66280 0.64490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8307954 31941 715019 319547 8735367 8168846 35723 409263 305878 8307954 7778598 33552 651378 294682 8168846 7726825 175828 -124055 7778598 8119531 257159 116718 391053 313584 61946 7726825 0.00000 0.71000 0.29000 1 0 150000 150000 1242465 1103477 138988 33076 3337 29739 318727 X 2188441 396067 200422 596489 1591952 64365 64365 1656317 2134151 200422 200422 1933729 64365 64365 1998094 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" SUBSTAINABILITY 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 162,499. FUNDRAISING EVENTS- DIRECT EXPENSES 37,923. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS- DIRECT EXPENSES 37,923. RENTAL EXPENSES 162,499. PART V, LINE 4 THE ENDOWMENT FUNDS ARE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS AND FOR OTHER SPECIFIC PURPOSES INTENDED BY DONORS. PART IV, LINE 11F ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA 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. PART V ENDOWMENT FUNDS WERE RESTATED FOR 2015 TO REFLECT TRANSACTIONS IN THE PROPER PERIOD. FORTY UNDER 40 50720 42000 8720 1994 13734 15988 HARVEST RUN 35500 33800 1700 400 100 5707 86220 75800 10420 400 1994 13734 100 21695 37923 -27503 1 BERKSHIRE COMMUNITY COLLEGE 1350 WEST STREET PITTSFIELD MA 01201 042500539 501 C3 139074 EDUCATIONAL SUPPORT BERKSHIRE COMMUNITY COLLEGE 1350 WEST STREET PITTSFIELD MA 01201 042500539 501 C3 298462 SCHOLARSHIPS BERKSHIRE COMMUNITY COLLEGE 1350 WEST STREET PITTSFIELD MA 01201 042500539 501 C3 118542 OTHER GRANTS BERKSHIRE COMMUNITY COLLEGE 1350 WEST STREET PITTSFIELD MA 01201 042500539 501 C3 1106059 TURF FIELD SUPPORT 1 SCHOLARSHIPS 10 68175 PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FIRST, THE FOUNDATION INSPECTS CHARGES TO ENSURE THAT THEY ARE APPROPRIATE AND ALLOWABLE. THIS INCLUDES CHECKING CLERICAL ACCURACY, REVIEWING ENCUMBRANCE BALANCE AND CHECKING COMPLIANCE WITH APPLICABLE AGENCY, CDU, AND FEDERAL GUIDELINES. THE FOUNDATION ALSO MAKES SURE THAT EXPENSES FIT WITHIN THE REQUIRED CATEGORIES AND BUDGET AMOUNTS. THIS INCLUDES REVIEWING EXPENSE CATEGORIES, REBUDGETING OR TRANSFERRING EXPENSES AS NEEDED, AND DETERMINING IF THE AWARD WILL BE UNDER SPENT AT THE END OF THE BUDGET OR PROJECT PERIOD. FORM 990, PART VI, SECTION B, LINE 11B AS PART OF THE FORM 990 REVIEW PROCESS THE FORM 990 NEEDS TO BE REVIEWED BY THE BERKSHIRE COMMUNITY COLLEGE FOUNDATION BOARD OF DIRECTORS OR 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 BOARD OF DIRECTORS OR A MEMBER OF THE FINANCE COMMITTEE THE FORM 990 THEN CAN BE FILED WITH THE INTERNAL REVENUE SERVICE AND THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE. PT VI, LINE 11B THE ANNUAL FILING IS SENT TO THE BOARD FOR THEIR REVIEW PRIOR TO AND COMMENTS PRIOR TO SUBMISSION. PT VI, LINE 12C THE BOARD SUBMITS ANNUAL STATEMENTS ACKNOWLEDGING THAT THEY READ THE CONFLICT OF INTEREST POLICY AND AGREE TO THE POLICY. FORM 990, PART VI, SECTION B, LINE 12C PERSONS COVERED BY THIS POLICY WILL ANNUALLY DISCLOSE OR UPDATE THE CHAIRMAN OF THE BOARD OF DIRECTORS ON A FORM PROVIDED BY THE BERKSHIRE COMMUNITY COLLEGE FOUNDATION, INC. THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, SUCH AS A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS, AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OR THOSE OF FAMILY MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 BERKSHIRE COMMUNITY COLLEGE FOUNDATION, INC. HAS NO EMPLOYEES. THE FOUNDATION INSTEAD USES EMPLOYEES OF BERKSHIRE COMMUNITY COLLEGE. ALL SALARIES FOR THESE EMPLOYEES ARE PAID BY BERKSHIRE COMMUNITY COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH THE USE OF ITS WEBSITE AND THE PUBLISHING OF PRINTED REPORTS. PT VII, LINE 16A LORI GAZZILLO KIELY IS A NON-VOTING BOARD MEMBER. PART XII, LINE 2C FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. THERE HAVE BEEN NO CHANGES IN THIS PROCESS FROM THE PRIOR YEAR. BERKSHIRE COMMUNITY COLLEGE 1350 WEST STREET PITTSFIELD MA 01201 042500539 COMMUNITY COLLEGE EDUCATION MA 115 N/A N/A 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 BERKSHIRE COMMUNITY COLLEGE B 1747027 GRANTS PAID BERKSHIRE COMMUNITY COLLEGE J 228910 REAL ESTATE LEASE