2018-11-13T15:14:39-06:00 2018-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFFICE PARK SUITE 102 BRAINTREE MA 02184 990 2017-07-01 237136083 MOUNT WACHUSETT COMMUNITY COLLEGE FOUNDATION INC MOUN 9786326600 444 GREEN STREET GARDNER MA 01440 SCOT BARRETT TREASURER 9786326600 2018-11-07 1 DAVID A DIIULIS P00303577 6174711120 2018-11-07 108.7.66.186 2018-11-07 14:23:33 ES P 3CB7E2CE5C93DC371FFBDF20D7C2EAF08C33087B C763F64EFE63A30A84122B55299B2513F18B4F8D 2017 2019-02-21 02:37:17Z CARLA ZOTTOLI 444 GREEN STREET GARDNER MA 01440 841787 0 X HTTP://MWCC.EDU/GIVING/ X 1971 MA AWARDING OF GRANTS AND SCHOLARSHIPS 22 21 0 22 0 0 1137202 670828 0 0 81426 88060 -9498 1806 1209130 760694 601420 757126 0 0 0 0 0 0 0 96426 79243 697846 836369 511284 -75675 7461230 7912020 18677 32002 7442553 7880018 X THE MISSION OF MOUNT WACHUSETT COMMUNITY COLLEGE FOUNDATION, INC. IS TO SECURE TIME, TALENT, AND TREASURE FROM PRIVATE AND PUBLIC SOURCES THAT WILL ENABLE THE COLLEGE TO PROVIDE ACCESSIBLE, AFFORDABLE EDUCATION, AND TO IMPLEMENT, SOCIAL, ECONOMICAL AND CULTURAL INITIATIVES. 0 0 757126 757126 FOSTERING AND PROMOTING EXCELLENCE IN EDUCATION AND RESEARCH THROUGH GRANTS AND SCHOLARSHIPS AND ASSISTING IN THE GROWTH AND IMPROVEMENT OF THE COLLEGE 757126 1 1 0 0 0 0 0 0 0 1 0 1 0 1 0 1 1 0 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 1 0 1 6 0 0 0 0 0 0 0 1 1 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MA X CARLA ZOTTOLI EXECUTIVE DIRECTOR 9786326600 444 GREEN STREET GARDNER MA 01440 RAYMOND MARTINO CHAIRMAN 1.00 X X 0 0 0 PETER C ARMBRUSTER CLERK 1.00 X X 0 0 0 SCOT BARRETT TREASURER 1.00 X X 0 0 0 WALTER J DWYER IV VICE CHAIRMAN 1.00 X X 0 0 0 CARLA ZOTTOLI EXECUTIVE DIRECTOR 9.00 28.50 X X 0 89241 11458 REGINA WIRONEN DIRECTOR 1.00 X 0 0 0 JAMES GARRISON DIRECTOR 1.00 X 0 0 0 GAIL STEELE DIRECTOR 1.00 37.50 X 0 131987 14944 CHARLES BOWLES DIRECTOR 1.00 X 0 0 0 JEANIE CONNOLLY DIRECTOR 1.00 X 0 0 0 RICHARD FLANAGAN DIRECTOR 1.00 X 0 0 0 WINFIELD BROWN DIRECTOR 1.00 X 0 0 0 WAYNE CANTY DIRECTOR 1.00 X 0 0 0 RICHARD A CELLA DIRECTOR 1.00 X 0 0 0 RAYMOND LAFOND DIRECTOR 1.00 X 0 0 0 ROBIN DUNCAN DIRECTOR 1.00 X 0 0 0 DOUGLAS J PETERSEN DIRECTOR 1.00 X 0 0 0 GEORGE JONES III DIRECTOR 1.00 X 0 0 0 ARTHUR FEEHAN DIRECTOR 1.00 X 0 0 0 MICHAEL TOOMEY DIRECTOR 1.00 X 0 0 0 KEITH BOISSINEAU DIRECTOR 1.00 X 0 0 0 EVE MARIE NEZICH CERYANEK DIRECTOR 1.00 X 0 0 0 ROY NASCIMENTO DIRECTOR 1.00 X 0 0 0 0 221228 26402 0 0 0 0 0 670828 670828 81933 81933 59630 53503 6127 6127 6127 29396 27590 1806 1806 760694 0 0 89866 467511 467511 289615 289615 47647 47647 8851 8851 15648 15648 1725 1725 1905 1905 2084 2084 DUES AND SUBSCRIPTIONS 1110 1110 LICENSING 273 273 836369 757126 79243 0 649652 876701 175932 225940 322453 31163 411302 317282 3822869 24250 4381779 2079022 2054905 7461230 7912020 18677 32002 18677 32002 X 2605412 2835844 4119380 4300453 717761 743721 7442553 7880018 7461230 7912020 X -75675 334595 178545 X X 0 1 X 1 0 X 640253 583413 686314 637202 670828 3218010 31000 26500 30900 43600 132000 640253 614413 712814 668102 714428 3350010 1489093 1860917 80809 70090 81609 77260 81933 391701 3741711 428248 0.49730 0.51060 X 3474043 110528 325247 53674 3856144 2835586 227281 452541 41365 3474043 3056890 110100 -42459 31577 257368 2835586 2952421 20676 121443 37650 3056890 2583950 11430 473812 9400 107371 2952421 0.70600 0.18600 0.10800 0 0 0 COMMON POOLED EQUITY AND INCOME FUNDS 4126779 F CERTIFICATES OF DEPOSIT 255000 C 4381779 BENEFICIAL INTEREST 2026585 INTEREST RECEIVABLE 28320 2054905 X 1329376 334595 43600 206135 584330 745046 15648 15648 760694 891911 43600 27590 71190 820721 15648 15648 836369 PART V, LINE 4: ENDOWMENT FUNDS HELD BY THE FOUNDATION ARE RESTRICTED FOR SCHOLARSHIP AND FOR THE USE OF MOUNT WACHUSETT COMMUNITY COLLEGE. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES 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. 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: DIRECT EVENT COSTS 27,590. CHANGE IN VALUE OF BENEFICIAL INTEREST 178,545. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EVENT COSTS 27,590. CONCERT 6130 6130 6100 1232 INAUGURATION 23259 23259 17089 2556 1 7 7 613 29396 29396 17089 6100 4401 27590 1806 0 MOUNT WACHUSETT COMMUNITY COLLEGE 144 GREEN STREET GARDNER MA 01440 046002284 115 467511 TO FULLFILL THE MISSION OF THE FOUNDATION BY SUPPORTING MOUNT WACHUSETT CC. 1 SCHOLARSHIPS 264 289615 FMV FORM 990, PART VI, SECTION B, LINE 11B AS PART OF THE FORM 990 REVIEW PROCESS, THE FORM 990 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 FINANCE COMMITTEE IT CAN THEN BE FILED WITH THE INTERNAL REVENUE SERVICE AND THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE. FORM 990, PART VI, SECTION B, LINE 12C PERSONS COVERED BY THIS POLICY WILL ANNUALLY DISCLOSE OR UPDATE TO THE CHAIRMAN OF THE BOARD OF DIRECTORS THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, SUCH AS A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENTS HOLDINGS, AND OTHER TRANSACTION OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OR THOSE OF FAMILY MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH THE PUBLISHING OF PRINTED REPORTS. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST 178,545. FORM 990, PART XII, LINE 2C: THE FOUNDATION DOES HAVE A FORMAL COMMITTEE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT. THE PROCESS OF OVERSEEING THE AUDIT AND THE RELATED STATEMENTS HAVE NOT CHANGED SINCE THE PRIOR YEAR. MOUNT WACHUSETT COMMUNITY COLLEGE 444 GREEN STREET GARDNER MA 01440 046002284 COMMUNITY COLLEGE - EDUCATION MA 115 N/A N/A 0 0 1 0 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 MOUNT WACHUSETT COMMUNITY COLLEGE B 757126 COST MOUNT WACHUSETT COMMUNITY COLLEGE D 317282 FMV MOUNT WACHUSETT COMMUNITY COLLEGE P 76363 COST