2017-11-13T13:06:51-06:00 2017-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFFICE PARK SUITE 102 BRAINTREE MA 02184 990 2016-07-01 237136083 MOUNT WACHUSETT COMMUNITY COLLEGE FOUNDATION INC MOUN 9786326600 444 GREEN STREET GARDNER MA 01440 SCOT BARRETT TREASURER 9786326600 2017-11-09 1 DAVID A DIIULIS P00303577 6174711120 2017-11-09 108.7.66.186 2017-11-09 09:45:48 ES P 8791F50659EFA5BE2A2C718FA67EFF2E849A1F75 74380BF029914E54E951BED1574DF98E6D8C895A 2016 2021-01-29 14:40:06Z CARLA ZOTTOLI 444 GREEN STREET GARDNER MA 01440 1276521 0 X HTTP://MWCC.EDU/GIVING/ X 1971 MA AWARDING OF GRANTS AND SCHOLARSHIPS 21 18 0 0 0 0 686314 1137202 0 0 268940 81426 1028 -9498 956282 1209130 835662 601420 0 0 0 0 0 0 2024 106386 96426 942048 697846 14234 511284 6254464 7461230 20448 18677 6234016 7442553 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 601420 601420 FOSTERING AND PROMOTING EXCELLENCE IN EDUCATION AND RESEARCH THROUGH GRANTS AND SCHOLARSHIPS AND ASSISTING IN THE GROWTH AND IMPROVEMENT OF THE COLLEGE 601420 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 X 21 18 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 CHARLES P BOWLES DIRECTOR 1.00 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 RICHARD A CELLA DIRECTOR 1.00 X 0 0 0 RICHARD FLANNAGAN DIRECTOR 1.00 X 0 0 0 REGINA WIRONEN DIRECTOR 1.00 X 0 0 0 JAMES GARRISON DIRECTOR 1.00 X 0 0 0 ANN MCDONALD DIRECTOR 1.00 37.50 X 0 189095 63347 GAIL STEELE DIRECTOR 1.00 37.50 X 0 131883 44181 RAYMOND MARTINO CHAIRMAN 1.00 X X 0 0 0 JEANIE CONNOLLY 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 WALTER J DWYER IV VICE CHAIRMAN 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 CARLA ZOTTOLI EXECUTIVE DIRECTOR 37.50 X 0 82299 17422 0 403277 124950 0 0 1 0 0 9600 1127602 1137202 77260 77260 16832 12666 4166 4166 4166 45227 9600 54725 -9498 -9498 1209130 0 0 71928 286048 286048 315372 315372 46671 46671 20425 20425 13739 13739 1866 1866 5113 5113 2084 2084 DUES AND SUBSCRIPTIONS 2315 2315 ALUMNI EXPENSE 2024 2024 LICENSING 363 363 1826 1826 697846 601420 94402 2024 146615 649652 174650 175932 19110 322453 500000 411302 3354012 3822869 2060077 2079022 6254464 7461230 20448 18677 20448 18677 X 2243650 2605412 3557918 4119380 432448 717761 6234016 7442553 6254464 7461230 X 511284 475421 221832 X X 0 1 X 1 0 X 306598 640253 583413 686314 637202 2853780 31000 26500 30900 88400 306598 640253 614413 712814 668102 2942180 1244117 1698063 73723 80809 70090 81609 77260 383491 3325671 569991 0.51060 0.86550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2835586 227281 452541 41365 3474043 3056890 110100 -42459 288945 2835586 2952421 20676 121443 37650 3056890 2583950 11430 473812 116771 2952421 2253650 29506 328782 27988 2583950 0.71700 0.19000 0.09300 0 0 0 BENEFICIAL INTEREST 2048040 INTEREST RECEIVABLE 30982 2079022 X 1978269 475421 30900 276557 782878 1195391 13739 13739 1209130 769732 30900 54725 85625 684107 13739 13739 697846 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 54,725. CHANGE IN VALUE OF BENEFICIAL INTEREST 221,832. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EVENT COSTS 54,725. ASQUINO RETIREMENT 54469 9600 44869 25000 1000 28364 STUDENT RAFFLES 358 358 361 1 54827 9600 45227 25000 1000 28725 54725 -9498 0 MOUNT WACHUSETT COMMUNITY COLLEGE 144 GREEN STREET GARDNER MA 01440 046002284 115 286048 TO FULLFILL THE MISSION OF THE FOUNDATION BY SUPPORTING MOUNT WACHUSETT CC. 1 SCHOLARSHIPS 174 315372 FMV 0 0 0 0 0 0 0 0 0 ANN MCDONALD DIRECTOR 0 189095 0 0 0 0 0 20271 0 43076 0 252442 0 0 GAIL STEELE DIRECTOR 0 131883 0 0 0 0 0 14138 0 30043 0 176064 0 0 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 221,832. 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 601420 FMV MOUNT WACHUSETT COMMUNITY COLLEGE L 56749 FMV MOUNT WACHUSETT COMMUNITY COLLEGE D 411302 FMV