2017-05-15T11:50:29-05:00 2016-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFFICE PARK BRAINTREE MA 02184 990 2015-07-01 222536037 ROXBURY COMMUNITY COLLEGE FOUNDATION ROXB 6174260060 1234 COLUMBUS AVENUE NO 210 ROXBURY MA 02120 RONALD CRAWLEY PRESIDENT 6176642602 2017-05-12 1 STEVEN J COHEN P00747146 6174711120 2017-05-12 2015 2021-01-29 14:40:06Z RONALD CRAWLEY 1234 COLUMBUS AVENUE NO 210 ROXBURY MA 02120 1796353 0 X N/A X 1983 MA TO RAISE FUNDS FROM PRIVATE SOURCES TO SUPPORT THE EDUCATION OPPORTUNITIES FOR THE STUDENTS OF ROXBURY COMMUNITY COLLEGE AND SUPPORT PROGRAMS, PROJECTS AND ACTIVITIES THAT BENEFIT BOTH THE COLLEGE AND ITS STUDENTS. 8 7 0 0 0 0 54622 205175 0 0 246218 181731 2680 -56577 303520 330329 77275 1148988 0 0 0 0 0 0 0 49214 46350 126489 1195338 177031 -865009 3858431 2813319 28896 18019 3829535 2795300 THE FOUNDATION'S MISSION IS TO RAISE FUNDS FROM PRIVATE SOURCES TO SUPPORT THE EDUCATION OPPORTUNITIES FOR THE STUDENTS OF ROXBURY COMMUNITY COLLEGE AND SUPPORT PROGRAMS, PROJECTS AND ACTIVITIES THAT BENEFIT BOTH THE COLLEGE AND ITS STUDENTS. 0 0 1076390 1076390 COLLEGE GRANTS: (1) GRANTS TO PURCHASE EQUIPMENT AND SUPPLIES FOR ROXBURY COMMUNITY COLLEGE'S LIFE SCIENCES & NURSING DEPARTMENTS. (2) SUPPORT OF THE ("RCC") SUPPLEMENTAL INSTRUCTION ("SI") PROGRAM WHICH TARGETS DEVELOPMENTAL MATH STUDENTS AND PROVIDES REGULARLY SCHEDULED OUT-OF-CLASS, AND PEER-FACILITATED GROUP STUDY SESSIONS THAT ARE DEVOTED TO REINFORCING THE INFORMATION AND SKILLS LEARNED IN THE CLASSES. (3) SUPPORT FOR RCC'S MENTORING FOR SUCCESS PROGRAM; AN EFFORT TO INCREASE SUPPORT FOR ROXBURY STUDENTS TO ENABLE THEM TO IMPROVE ACADEMIC PERFORMANCE, INCREASE RETENTION, GRADUATION AND MATRICULATION TO 4-YEAR INSTITUTIONS. 72598 72598 SCHOLARSHIP: TO PROVIDE SCHOLARSHIP SUPPORT TO STUDENTS IN NEED WHO HAVE ACHIEVED SCHOLARSHIP HONORS AND ARE RECOGNIZED BY THE FACULTY. 1148988 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 8 7 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MA X X NON PROFIT CAPITAL MANAGEMENT 7819336726 41 MAIN STREET STERLING MA 01564 ELIZABETH CLARK MEMBER 1.00 40.00 X 0 80760 21280 ROBERT FLEMING TREASURER 2.00 X X 0 0 0 DEBORAH HUGHES VICE-PRESIDENT 1.00 X X 0 0 0 RONALD CRAWLEY PRESIDENT 4.00 X X 0 0 0 RAMONA SALAS CLERK 1.00 X X 0 0 0 MYRAN PARKER-BRASS MEMBER/PAST PRESIDENT 1.00 X 0 0 0 GREGORY ST DICK MEMBER 1.00 X 0 0 0 KIMMIE JACKSON MEMBER 1.00 X 0 0 0 0 80760 21280 0 0 0 0 0 122721 82454 205175 54926 54926 1498162 1371357 126805 126805 126805 38090 122721 94667 -56577 -56577 330329 0 0 125154 1076390 1076390 72598 72598 27003 27003 15032 15032 2800 2800 1515 1515 1195338 1148988 46350 0 91402 107057 686716 301232 0 12983 31175 2400 3049138 2389647 3858431 2813319 11387 3437 4609 4452 12900 10130 28896 18019 X 181870 147340 1835014 1253974 1812651 1393986 3829535 2795300 3858431 2813319 -865009 -169226 0 X X 0 1 X 1 0 X 498693 75982 135689 54622 205175 970161 37716 44765 82481 498693 75982 135689 92338 249940 1052642 1052642 75433 84183 69812 127000 54926 411354 1463996 0.71900 0.72860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3168546 8685 -2888 -1068566 2220652 3125797 42749 3168546 2748646 377151 3125797 2537648 235819 24821 2748646 2553286 12258 27896 2537648 0.10000 0.63000 0.27000 0 0 0 X 285503 -169226 44765 94667 -29794 315297 15032 15032 330329 1319738 44765 94667 139432 1180306 15032 15032 1195338 PART V, LINE 4: ENDOWMENT FUNDS ARE RESTRICTED BY THE DONOR AGAINST ANY EXPENDITURE OF PRINCIPAL. THESE FUNDS ARE RESTRICTED FOR VARIOUS SCHOLARSHIP AND LOAN PROGRAMS AS WELL AS VARIOUS ACADEMIC PURPOSES SOLELY FOR ROXBURY COMMUNITY COLLEGE. THE FOUNDATION FOLLOWS THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) GUIDELINES ON THE MANAGEMENT AND INVESTMENT OF ENDOWMENT FUNDS. THE FOUNDATION'S BOARD OF DIRECTORS ESTABLISHED A SPENDING POLICY WHICH ALLOWS FOR UP TO FIVE PERCENT OF THE THREE YEAR QUARTERLY MOVING AVERAGE MARKET VALUE OF THE INVESTMENT PORTFOLIO TO BE USED TO FUND OPERATIONS AND PROGRAMS FOR ANY GIVEN YEAR. 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" (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. AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE FOUNDATION MAY, HOWEVER, BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING COSTS 94,667. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING COSTS 94,667. GOLF TOURNAMENT 38090 38090 9154 3258 2615 GALA 122721 122721 32549 16250 30841 160811 122721 38090 9154 35807 16250 33456 94667 -56577 1 ROXBURY COMMUNITY COLLEGE 1234 COLUMBUS AVENUE ROXBURY MA 02120 042726857 115 1076390 SUPPORT OF THE COLLEGE AND ITS STUDENTS THROUGH VARIOUS GRANTS. 1 0 SCHOLARSHIPS 150 72598 PART I, LINE 2: ROXBURY COMMUNITY COLLEGE FOUNDATION MONITORS ITS USE OF GRANT FUNDS BY AWARDING THESE FUNDS TO SPECIFIC PROGRAMS OR TO SPECIFIC INDIVIDUALS TO BE USED AT THE COLLEGE AND IN ACCORDANCE WITH THE PURPOSE OF THE INDIVIDUAL GRANTS. PERIODIC FOLLOW-UP IS COMPLETED TO ENSURE THAT FUNDS ARE APPROPRIATELY USED FOR THEIR SPECIFIC PURPOSE,PROGRAM, AND SCHOLARSHIP. WILLIAM SAPERS FORMER BOARD MEMBER DURING FISCAL YEAR 2008, THE FOUNDATION PURCHASED A $500,000 SINGLE PREMIUM IMMEDIATE ANNUITY WITH WILLIAM SAPERS, A FORMER BOARD MEMBER, AS THE ANNUITANT. THE FOUNDATION ALSO PURCHASED A $500,000 FLEXIBLE PREMIUM UNIVERSAL LIFE INSURANCE POLICY ON THE ANNUITANT'S LIFE. THE ANNUITANT AND HIS DAUGHTER EACH HAVE A 33% INTEREST IN THE INSURANCE COMPANY. IN FISCAL YEAR 2016, ANNUITY INTEREST INCOME OF $40,095 WAS RECEIVED DIRECTLY BY THE FOUNDATION, NET OF LIFE INSURANCE PREMIUM EXPENSE OF $24,821. 0 FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION UTILIZED AN EXTERNAL CONSULTANT, NON PROFIT CAPITAL MANAGEMENT, LLC. TO DO BOOKKEEPING, PROGRAM ADMINISTRATION AND FINANCIAL CONSULTING. FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DOES NOT HAVE ANY SUBCOMMITTIES, ONLY THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE 990 IS GIVEN TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. ONCE APPROVED, THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REGULARLY UPDATES AND DISTRIBUTES COPIES OF THE FINANCIAL CONTROL MANUAL AND EACH DIRECTOR IS ASKED IF THEY HAVE READ AND UNDERSTOOD IT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE FORWARDED TO THE COLLEGE AND MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS ARE RESPONSIBLE FOR THE SELECTION AND RETENTION OF AUDITORS AS WELL AS OVERSIGHT OF THE AUDIT OF THE FOUNDATION. ROXBURY COMMUNITY COLLEGE 1234 COLUMBUS AVENUE ROXBURY MA 02120 042726857 TO SUPPORT THE EDUCATION OPPORTUNITIES FOR THE STUDENTS OF THE COLLEGE MA 115 N/A N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ROXBURY COMMUNITY COLLEGE B 1148988 GRANT SCHEDULE