2019-03-14T11:34:50-05:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 1966 GREENSPRING DRIVE SUITE 300 TIMONIUM MD 210934161 990 2017-07-01 526078381 ANNE ARUNDEL COMMUNITY COLLEGE FOUNDATION INC ANNE 4107772515 101 COLLEGE PARKWAY ARNOLD MD 21012 CULLEN MURRAY PRESIDENT 4107772515 2019-02-15 1 LAUREN BALLARD CPA P01451787 4104530900 67.137.57.251 2019-02-15 15:31:13 ES P 6C052F3B51B5FAD0F6249283EAD1FFFB6D1D274D 6DDA54EA556A281A3BC6813436C812994A730E40 2017 2019-02-21 02:37:17Z CULLEN MURRAY 101 COLLEGE PARKWAY ARNOLD MD 21012 5771834 0 X WWW.AACC.EDU/FOUNDATION X 1967 MD TO SECURE PRIVATE FUNDS THAT INCREASE ACCESS TO HIGHER EDUCATION AND SUPPORT AACC PROGRAMS 24 21 0 24 0 0 1022719 2263566 1255086 1255608 400825 642674 -4852 -2066 2673778 4159782 1191250 1060685 0 0 0 0 0 107000 117810 1058548 1036457 2249798 2204142 423980 1955640 25676369 27239278 11044146 10236268 14632223 17003010 X THE ANNE ARUNDEL COMMUNITY COLLEGE FOUNDATION, INC. IS A 501(C)(3) CORPORATION WHOSE MISSION IS TO SECURE AND STEWARD PRIVATE FUNDS THAT INCREASE ACCESS TO HIGHER EDUCATION FOR OUR COMMUNITY THROUGH STUDENT SCHOLARSHIPS. THROUGH PRIVATE PHILANTHROPY, THE ANNE ARUNDEL COMMUNITY COLLEGE FOUNDATION ALSO SEEKS TO ENHANCE THE EDUCATIONAL ENDEAVORS OF THE COLLEGE. WE BELIEVE EVERY MOTIVATED, HARD-WORKING STUDENT SHOULD HAVE THE OPPORTUNITY TO ATTEND COLLEGE AND IMPROVE HIS OR HER LIFE. DONATIONS PROVIDE SCHOLARSHIPS FOR OUR STUDENTS AND HELP SUPPORT ANNE ARUNDEL COMMUNITY COLLEGE PROGRAMS. 0 0 897730 104869 1255608 SUPPORT OF COLLEGE PROGRAMS:THE FOUNDATION'S FOCUS HAS HISTORICALLY BEEN ON PROVIDING SCHOLARSHIPS TO ANNE ARUNDEL COMMUNITY COLLEGE STUDENTS, WHICH REMAINS ONE OF THE FOUNDATION'S PRIMARY PURPOSES. HOWEVER, AS THE COMPLEXITIES OF A 21ST CENTURY EDUCATION INCREASE, ADDITIONAL RESOURCES IN AREAS SUCH AS TECHNOLOGY, EQUIPMENT, DEPARTMENTAL SUPPORT, FACILITIES, STUDENT ENRICHMENT AND INNOVATION HELP PROTECT THE COLLEGE'S POSITION OF STRENGTH. GENEROUS CONTRIBUTIONS TO THE AACC FOUNDATION ALLOW THE FOUNDATION TO PROVIDE FUNDING FOR SUCH NEEDS THAT CANNOT BE MET BY THE COLLEGE'S ANNUAL BUDGET. THESE CONTRIBUTIONS PROTECT THE COLLEGE'S MARGIN OF EXCELLENCE AND ENSURE A REGIONAL VITALITY POWERED BY AN EDUCATED CITIZENRY AND WORKFORCE. 955816 955816 SCHOLARSHIPS:ANNE ARUNDEL COMMUNITY COLLEGE (AACC) IS ONE OF THE MOST AFFORDABLE COMMUNITY COLLEGES IN MARYLAND YET MANY CURRENT AND PROSPECTIVE AACC STUDENTS DEMONSTRATE FINANCIAL NEED AND REQUIRE FINANCIAL ASSISTANCE IN ORDER TO ENROLL AT THE COLLEGE. THE PRIVATELY FUNDED SCHOLARSHIP PROGRAM AT ANNE ARUNDEL COMMUNITY COLLEGE FOUNDATION, INC. PROVIDES THAT AID FOR HUNDREDS OF STUDENTS EACH YEAR. 1853546 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 13 0 0 0 0 0 0 0 1 1 0 0 0 0 X 24 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X VOLLIE MELSON EXECUTIVE DIRECTOR 4107771494 101 COLLEGE PARKWAY ARNOLD MD 21012 HENRY N LIBBY ESQ PRESIDENT 5.00 X X 0 0 0 CULLEN MURRAY VICE PRESIDENT 5.00 X X 0 0 0 J MITCHELL KREBS TREASURER 5.00 X X 0 0 0 CINDY O'NEILL SECRETARY 5.00 X X 0 0 0 LAWRENCE W ULVILA JR IMMEDIATE PAST PRESIDENT 1.00 X 0 0 0 HANK BROWN BOARD MEMBER 1.00 X 0 0 0 H STAFFORD BULLEN III BOARD MEMBER 1.00 X 0 0 0 FRANK CAMPBELL ESQ BOARD MEMBER 1.00 1.00 X 0 460 0 ALEXANDRA CARTER STUDENT BOARD MEMBER 1.00 X 0 0 0 KAREN L COOK ESQ BOARD MEMBER 1.00 40.00 X 0 144774 26122 NYIA CURTIS BOARD MEMBER 1.00 1.00 X 0 3725 0 REV DR DIANE DIXON-PROCTOR BOARD MEMBER 1.00 X 0 0 0 ANGELA EWELL-MADISON BOARD MEMBER 1.00 X 0 0 0 DR RICHARD FAIRCLOTH EMERITUS BOARD MEMBER 1.00 X 0 0 0 STEVE HEINL BOARD MEMBER 1.00 X 0 0 0 DOROTHEA HENDERSON BOARD MEMBER 1.00 X 0 0 0 BRITTANY JONES BOARD MEMBER 1.00 X 0 0 0 ANDREW MCALEXANDER BOARD MEMBER 1.00 X 0 0 0 DAN MATHIAS BOARD MEMBER 1.00 X 0 0 0 JERRY NICKLOW BOARD MEMBER 1.00 X 0 0 0 CAROLINA SELDES BOARD MEMBER 1.00 X 0 0 0 SHARRIE WADE BOARD MEMBER 1.00 X 0 0 0 HOWARD WEINSTEIN BOARD MEMBER 1.00 X 0 0 0 LAURA WESTERVELT BOARD MEMBER 1.00 X 0 0 0 VOLLIE MELSON EXECUTIVE DIRECTOR 28.00 12.00 X 0 151088 368 KATHY BOLTON FORMER EXECUTIVE DIRECTOR 0.00 40.00 X 0 113567 22528 0 413614 49018 0 1 1 0 0 74975 2188591 25578 2263566 RELATED ENTITY RENTAL 900099 1255608 1255608 1255608 642597 642597 1605188 1605111 77 77 77 4875 74975 6941 -2066 -2066 4159782 1255608 0 640608 1010685 1010685 50000 50000 12000 12000 19200 19200 107000 107000 80740 80740 4300 4300 31440 3000 17630 10810 29770 29770 141403 141403 797 797 24656 10909 13747 315105 315105 322444 322444 2938 2938 BAD DEBT EXPENSE 45000 45000 6664 6664 2204142 1853546 232786 117810 1321091 298718 2379227 2386495 283719 1097297 42716 21896 12712492 4946978 8087958 7765514 12572557 14719551 989101 949807 25676369 27239278 133573 131415 10682965 9928671 227608 176182 11044146 10236268 X 5697777 6549033 1878828 3061588 7055618 7392389 14632223 17003010 25676369 27239278 1955640 415147 0 X 0 1 X 1 0 X 1164789 1610851 2492455 1022719 2263566 8554380 1164789 1610851 2492455 1022719 2263566 8554380 4307867 4246513 249404 449724 457319 393509 642597 2192553 2110 2110 10749043 6274783 0.39510 0.48950 X 7821210 301199 551457 170380 42414 8461072 7182733 191581 795909 312762 36251 7821210 7654738 115109 -227313 325858 33943 7182733 7381722 588294 39923 321104 34097 7654738 6504916 395363 778308 267593 29272 7381722 0.03750 0.86870 0.09380 0 0 12545472 4779958 7765514 135958 135958 0 31062 31062 0 7765514 DUE TO RELATED ORGANIZATION 176182 176182 X 4947777 415147 365907 781054 4166723 -6941 -6941 4159782 2576990 365907 6941 372848 2204142 0 2204142 PART V, LINE 4: THE ROLE OF THE ENDOWMENT IS TO PROVIDE SUPPORT FOR STUDENT SCHOLARSHIPS AND CURRENT AND FUTURE ACADEMIC PROGRAMS OF THE COLLEGE, WHICH MAY ALSO INCLUDE DIRECT SUPPORT TO MAINTAIN THE FACILITIES HOUSING THESE PROGRAMS. PART X, LINE 2: THE FOUNDATION FOLLOWS THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE FOUNDATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE FOUNDATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2018 AND 2017, RESPECTIVELY. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED DIRECTLY AGAINST REVENUE -6,941. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED DIRECTLY AGAINST REVENUE 6,941. X X X X X 1 GRAHAM PELTON 39 BEECHWOOD ROAD SUMMIT NJ 21114 CAMPAIGN CONSULTING 0 0 107000 -107000 107000 -107000 MD ALL IN 79850 74975 4875 6941 79850 74975 4875 6941 6941 -2066 1 ANNE ARUNDEL COMMUNITY COLLEGE 101 COLLEGE PARKWAY ARNOLD MD 21012 520905706 ANNE ARUNDEL COUNTY 104869 0 N/A N/A PROGRAM SUPPORT ANNE ARUNDEL COMMUNITY COLLEGE 101 COLLEGE PARKWAY ARNOLD MD 21012 520905706 ANNE ARUNDEL COUNTY 905816 0 N/A N/A SCHOLARSHIPS 1 0 BIG IDEA COMPETITION RECIPIENTS 9 50000 0 N/A N/A PART I, LINE 2: STUDENTS ARE AWARDED SCHOLARSHIPS BASED ON FINANCIAL NEED, SCHOLASTIC APTITUDE, AND DONOR INTENT. 0 0 0 0 0 0 0 0 0 KAREN L COOK ESQ BOARD MEMBER 0 144774 0 0 0 0 0 10454 0 15668 0 170896 0 0 VOLLIE MELSON EXECUTIVE DIRECTOR 0 151088 0 0 0 0 0 0 0 368 0 151456 0 0 KATHY BOLTON FORMER EXECUTIVE DIRECTOR 0 113567 0 0 0 0 0 8195 0 14333 0 136095 0 0 PART I, LINE 3 COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED AND PAID BY ANNE ARUNDEL COMMUNITY COLLEGE (AACC), THE RELATED ORGANIZATION. AACC DETERMINES COMPENSATION USING A COMPENSATION SURVEY OF COMPARABLE ORGANIZATIONS. COMPARATIVE DATA IS USED TO SET COMPENSATION RANGES THAT ARE USED TO VALIDATE THE APPROPRIATENESS OF INDIVIDUAL SALARIES. ADDITIONALLY THE EXECUTIVE DIRECTOR HAS A WRITTEN EMPLOYMENT CONTRACT. A ANNE ARUNDEL COUNTY MARYLAND 526000878 035902DB8 2012-07-25 12561409 SEE PART VI 0 0 0 A 12561409 251228 2003 1 0 1 1 A 0 0 1 0 0 0 0 0 0 A 1 PART I, LINE A(F) TO REFUND PRIOR BONDS ISSUED IN AP X 2 25578 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SHALL CONSIST OF THE PRESIDENT, VICE PRESIDENT, TREASURER, SECRETARY, THE IMMEDIATE PAST PRESIDENT, AND THE CHAIRS OF THE STANDING COMMITTEES. THE EXECUTIVE DIRECTOR OF THE FOUNDATION AND THE PRESIDENT OF ANNE ARUNDEL COMMUNITY COLLEGE SHALL SERVE AS MEMBERS BY VIRTUE OF THEIR POSITIONS. THE EXECUTIVE COMMITTEE HAS THE RESPONSIBILITY OF KEEPING THE BUSINESS OF THE BOARD MOVING IN A TIMELY FASHION BETWEEN REGULAR MEETINGS OF THE BOARD AND TO OPERATE WITHIN THE PURVIEW OF THE POLICIES ESTABLISHED BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS WHEN THE BOARD IS NOT IN SESSION, SUBJECT ONLY TO THE FOLLOWING RESTRICTIONS: (I) THE EXECUTIVE COMMITTEE SHALL HAVE NO AUTHORITY TO ALTER, AMEND OR REPEAL THE ARTICLES OF INCORPORATION OR THE BY-LAWS OF THE FOUNDATION; (II) THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY TO INCUR FINANCIAL OR CONTRACTUAL OBLIGATIONS ON BEHALF OF THE FOUNDATION UP TO $25,000.00. THE EXECUTIVE COMMITTEE SHALL MEET AS NEEDED BETWEEN THE FULL BOARD MEETINGS. THREE (3) MEMBERS SHALL REPRESENT A QUORUM OF THE COMMITTEE. MINUTES OF ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED IN WRITING TO THE DIRECTORS WITHIN THIRTY (30) DAYS AFTER EACH MEETING. ALL ACTION ITEMS OF THE EXECUTIVE COMMITTEE SHALL BE INCLUDED IN THE REPORT OF THE COMMITTEE AT THE NEXT REGULARLY SCHEDULED FULL BOARD OF DIRECTORS MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED TO THE BOARD PRIOR TO THE BOARD MEETING, THE BOARD REVIEWS THE 990 AND HAS THE OPPORTUNITY TO COMMENT BOTH PRIOR TO AND AT THE BOARD MEETING. DURING THE BOARD MEETING, KEY ELEMENTS OF THE RETURN ARE PRESENTED BY THE FINANCE COMMITTEE FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS WITH A CONFLICT OF INTEREST MUST IMMEDIATELY DISCLOSE THEIR INTEREST AT THE OUTSET OF ANY DISCUSSIONS BY THE FOUNDATION PERTAINING TO THE BUSINESS OR ANY OF ITS PRODUCTS OR SERVICES. SUCH DIRECTORS MAY NOT PARTICIPATE IN THE DISCUSSION RELATING TO THAT BUSINESS OTHER THAN TO RESPOND TO QUESTIONS ASKED OF THEM BY OTHER DIRECTORS OF THE FOUNDATION. FURTHERMORE, NO DIRECTOR WITH A CONFLICT OF INTEREST MAY VOTE ON ANY MATTER IN WHICH THE DIRECTOR HAS A CONFLICT OF INTEREST, INCLUDING VOTES TO BLOCK OR ALTER THE ACTIONS OF THE FOUNDATION IN ORDER TO BENEFIT THE BUSINESS IN WHICH THEY HAVE AN INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. ANNE ARUNDEL COMMUNITY COLLEGE 101 COLLEGE PARKWAY ARNOLD MD 21012 520905706 EDUCATIONAL INSTITUTION MD N/A N/A 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 ANNE ARUNDEL COMMUNITY COLLEGE B 1010685 CASH PAID ANNE ARUNDEL COMMUNITY COLLEGE J 1255608 CASH PAID ANNE ARUNDEL COMMUNITY COLLEGE O 323268 ALLOCATED COSTS