2018-11-06T06:08:46-08:00 2018-06-30 203859496 Vieira & Associates CPAs PC 111 Grant Ave Ste 106 Endicott NY 13760 990 2017-07-01 237075704 BROOME COMMUNITY COLLEGE FOUNDATION BROO 6077785182 PO BOX 1017 BINGHAMTON NY 13902 CATHERINE WILLIAMS Executive Director 2018-11-06 true SCOTT M HOTALEN CPA P00445875 6077231272 2017 2018-06-14 16:35:46Z MARGARET A TURNA 8 PARK ROAD BINGHAMTON NY 13901 6522858 false false X www.broomeccfoundation.org X 1965 NY TO RAISE AND ADMINISTER FUNDS AND BUILD AND MAINTAIN RELATIONSHIPS THAT ASSIST NEEDY STUDENTS; RECOGNIZE AND HONOR HIGH-ACHIEVING STUDENTS; HELP FACULTY AND STAFF TO PROVIDE THE BEST INSTRUCTIONAL ENVIRONMENT; AND ENCOURAGE INNOVATION AND ACHIEVEMENT ON CAMPUS 30 30 31 0 1041085 2141402 0 547417 1430874 435892 417440 2024394 3989716 1095826 3247731 0 544285 555758 0 385138 625130 649862 2265241 4453351 -240847 -463635 35931218 36635028 90285 77400 35840933 36557628 TO RAISE AND ADMINISTER FUNDS AND BUILD AND MAINTAIN RELATIONSHIPS THAT ASSIST NEEDY STUDENTS; RECOGNIZE AND HONOR HIGH-ACHIEVING STUDENTS; HELP FACULTY AND STAFF TO PROVIDE THE BEST INSTRUCTIONAL ENVIRONMENT; AND ENCOURAGE INNOVATION AND ACHIEVEMENT ON CAMPUS false false 3247731 3247731 GRANTS IN AID ISSUED TO STUDENTS BASED ON FINANCIAL NEED ($554,102); MERIT AID BASED ON ACADEMIC ACCOMPLISHMENTS ($396,677); PRESIDENTIAL DISCRETIONARY ALLOCATIONS ($6,486), COLLEGE ENHANCEMENT ($8,217); FACULTY DEVELOPMENT RECOGNITION TO ENHANCE PROFESSIONAL DEVELOPMENT ($23,848); CAPITAL PROJECTS ($2,139,203);AND SPECIAL PROJECTS ($119,198). 3247731 true true false false false false false false false true true false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false true false false false true true false false false true 3 0 true 31 true false false false false false false false false 0 false false false false false false false false false false X 30 30 false false false false false false false true true false false true true true false true true true true false NY X X CATHERINE WILLIAMS ED 6077785182 PO BOX 1017 BINGHAMTON NY 139021017 X KAREN GOODMAN Director 1.00 0.00 X 0 0 0 MARGARET A TURNA President 1.00 0.00 X X 0 0 0 ARTHUR SMITH DIRECTOR EMERIT 1.00 0.00 X 0 0 0 CHERYL J KUROSKY Vice President 1.00 0.00 X X 0 0 0 KATHLEEN BARTLOW Director 1.00 0.00 X 0 0 0 LAWRENCE ANDERSON DIRECTOR EMERIT 1.00 0.00 X 0 0 0 DR KOMLA DZIGBEDE Director 1.00 0.00 X 0 0 0 NANCY E BUTTON Director 1.00 0.00 X 0 0 0 RICHARD J ALLMAN Secretary 1.00 0.00 X X 0 0 0 ELLIOTT REITZ Director 1.00 0.00 X 0 0 0 ANTHONY PANICCIA ASST SECRETARY 1.00 0.00 X X 0 0 0 SHANE MCGUIRE ASST TREASURER 1.00 0.00 X X 0 0 0 DR LINDA BIEMER Director EMERIT 1.00 0.00 X 0 0 0 IRENE GRAVEN Director 1.00 0.00 X 0 0 0 THOMAS BUCKER DDS Director 1.00 0.00 X 0 0 0 ZACHARIAH RILEY Director 1.00 0.00 X 0 0 0 LANA ROUFF Director 1.00 0.00 X 0 0 0 JOHN SHEA Director 1.00 0.00 X 0 0 0 MAUREEN WILSON DIRECTOR EMERIT 1.00 0.00 X 0 0 0 KENNETH H KIDDER III PAST PRESIDENT 1.00 0.00 X 0 0 0 GLENN SMALL Director 1.00 0.00 X 0 0 0 KEVIN E DRUMM PHD Director 1.00 0.00 X 0 0 0 STEVE JOHNSON Director 1.00 0.00 X 0 0 0 SUSAN CARPENTER Director 1.00 0.00 X 0 0 0 JOHN M CARRIGG Director 1.00 0.00 X 0 0 0 DIANE JULIAN Director 1.00 0.00 X 0 0 0 HOWARD MELLER Treasurer 1.00 0.00 X X 0 0 0 JOHN LEET Director 1.00 0.00 X 0 0 0 PETER NEWMAN Director 1.00 0.00 X 0 0 0 JAMES STRILEY Director 1.00 0.00 X 0 0 0 CATHERINE WILLIAMS EXEC DIRECTOR 37.50 0.00 X 0 0 0 0 false false false 0 25000 2116402 42762 2141402 0 492044 492044 0 0 0 3471972 2533142 938830 938830 938830 0 0 0 ADMINISTRATIVE FEE INCOME 900099 401822 401822 CHANGE SPLIT INT AGRMTS 900099 7374 7374 OTHER MISC. REVENUE 900099 8244 8244 417440 3989716 1848314 0 3247731 3247731 0 0 115500 50820 64680 0 304485 123980 180505 29866 13345 16521 74277 36404 37873 31630 12844 18786 0 0 11950 11950 0 0 483052 483052 17354 15687 1667 0 5536 2393 3143 34831 10936 23895 0 16956 16956 6625 3059 3566 0 3229 3229 0 0 2414 2414 6275 5288 987 Postage and Shipping 17896 932 16964 MISCELLANEOUS 11237 11237 HOSTING/GIFTS/PROMOTIONS 9176 3828 5348 CREDIT CARD SERVICES FEES 7203 1764 5439 16128 13593 2535 4453351 3247731 820482 385138 143770 604942 2100100 0 261951 247485 0 0 0 0 36108 35506 127377 115781 14010 11596 30233671 29263331 0 0 0 4780536 4833240 35931218 36635028 15622 2938 74663 74462 90285 77400 X 5444544 5842567 10387485 13666938 20008904 17048123 35840933 36557628 35931218 36635028 -463635 1180330 X false true X true false X 9119446 4305007 2567404 1041085 2141402 19174344 0 51767 44968 22324 21833 16956 157848 9171213 4349975 2589728 1062918 2158358 19332192 4836897 14495295 244369 463340 517549 431057 454762 2111077 0 185484 329155 364483 435892 417440 1732454 23175723 0.62550 0.65270 X Support Schedule: Other Income Explanation Admin fees - The Foundation takes 1.5% of each Endowment's Fair Market value as of the prior Fiscal Year End 6/30.Miscellaneous - This includes change in split value interest and miscellaneous income. 33978849 682273 2479323 4240447 401822 32498176 31202624 498602 3449194 781921 389650 33978849 30586741 2186778 -128283 1107190 335422 31202624 27340414 3793692 564223 859178 252410 30586741 17021737 7990982 2894726 404646 162385 27340414 false false false 127377 115781 11596 11596 BENEFICIAL INTERESTS IN TRUSTS 4682710 CONTRIBUTIONS AND BEQUESTS RECEIVABLE 150530 4833240 ACCRUED EXPENSES 23366 ANNUITY LIABILITY 51096 74462 3989716 3989716 3989716 4453351 4453351 4453351 Part V, Line 4: Intended uses of the endowment fund. THE OBJECTIVE FOR THE MANAGEMENT OF THE ENDOWMENT ASSETS ARE TO MANAGE CONTRIBUTIONS IN A MANNER THAT WILL MAXIMIZE THE BENEFIT INTENDED BY THE DONOR, TO PRODUCE CURRENT INCOME TO SUPPORT THE PROGRAMS OF THE FOUNDATION AND SUNY BROOME COMMUNITY COLLEGE, DONOR OBJECTIVES AND TO ACHIEVE GROWTH OF BOTH PRINCIPAL VALUE AND INCOME OVER TIME SUFFICIENT TO PRESERVE THE PURCHASING POWER OF THE ASSETS THUS PROTECTING THE ASSETS AGAINST INFLATION. true 0 0 IMPROVE RELATIONSHIPS ON CAMPUS 11 23848 ENHANCE DEVELOPMENT 17 8217 GRANTS IN AID ISSUED TO STUDENTS BASED ON NEED 1130 554102 MERIT AID BASED ON ACADEMIC ACCOMPLISHMENTS 532 396677 PRESIDENTIAL DISCRETIONARY ALLOCATIONS 21 6486 SPECIAL PROJECTS AND OTHER GRANTS 153 119198 CAPITAL PROJECTS 1 2139203 Additional Supplemental Information EACH GRANT EXPENDITURE MUST MEET THE CRITERIA ALREADY DETERMINED. IT MUST BE AUTHORIZED, REVIEWED AND APPROVED BY THE ORGANIZATION'S ADMINISTRATION. NO FURTHER MONITORING IS REQUIRED. X 1 25806 MARKET VALUE X FACILITIES 16956 FMV false false false Form 990, Part VI, Line 11b: Form 990 Review Process UPON COMPLETION OF THE FORM 990, COPIES ARE FORWARDED TO ALL THE MEMBERS OF THE GOVERNING BODY FOR THEIR REVIEW. THE EXECUTIVE COMMITTEE MAY ASK FOR MODIFICATIONS. UPON COMPLETION OF THE REVIEW AND ANY MODIFICATIONS, THE EXECUTIVE COMMITTEE WILL PROVIDE APPROVAL TO FILE THE FORM WITH THE IRS. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management IT IS THE RESPONSIBILITY OF THE BOARD OF DIRECTORS TO DETERMINE THAT COMPENSATION FOR THE FOUNDATION'S EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES IS FAIR AND EQUITABLE FOR THE WORK REQUIRED. THIS DETERMINATION MAY REQUIRE SAMPLING OF SIMILAR ORGANIZATIONS IN THE COMMUNITY AND OTHER COMMUNITY COLLEGE FOUNDATIONS. THE APPROPRIATE LEVEL OF COMPENSATION IN ANY GIVEN YEAR IS SUBJECT TO APPROVAL BY THE FULL BOARD OF DIRECTORS. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees IT IS THE RESPONSIBILITY OF THE BOARD OF DIRECTORS TO DETERMINE THAT COMPENSATION FOR THE FOUNDATION'S EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES IS FAIR AND EQUITABLE FOR THE WORK REQUIRED. THIS DETERMINATION MAY REQUIRE SAMPLING OF SIMILAR ORGANIZATIONS IN THE COMMUNITY AND OTHER COMMUNITY COLLEGE FOUNDATIONS. THE APPROPRIATE LEVEL OF COMPENSATION IN ANY GIVEN YEAR IS SUBJECT TO APPROVAL BY THE FULL BOARD OF DIRECTORS. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available GOVERNING DOCUMENTS AND POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. THE ANNUAL AUDITED FINANCIAL STATEMENTS WILL BE AVAILABLE FOR INSPECTION AT THE FOUNDATION'S OFFICE. THIS INCLUDES STATEMENTS FOR THE FIVE FISCAL YEARS PRECEDING THE DATE OF THE REQUEST. BCC HOUSING DEVELOPMENT I LLC 907 UPPER FRONT STREET BINGHAMTON NY 13905 462874382 INACTIVE NY BROOME COMMUNITY COLLEGE FOUNDATION BROOME COMMUNITY COLLEGE 901 UPPER FRONT STREET BINGHAMTON NY 13901 161393336 EDUCATION NY N/A NA false BCC HOUSING DEVELOPMENT CORPORATION 907 FRONT STREET BINGHAMTON NY 13902 461720815 STUDENT HOUSING NY N/A NA false false false false false false false false false false false false false false false false false false false false