2016-03-03T16:18:58-06:00 2015-07-31 043296226 DICICCO GULMAN & COMPANY LLP 150 PRESIDENTIAL WAY SUITE 510 WOBURN MA 01801 990 2014-08-01 042144159 CAMBRIDGE CENTER FOR ADULT EDUCATION INC CAMB 6175476789 POBOX 9113 CAMBRIDGE MA 02238 MICHAEL GOLDMAN ASSISTANT DIRECTOR 6175476789 2016-02-16 1 ROBIN GORSKI P00316615 7819375300 2014 2016-08-17 19:52:53Z SUSAN HARTNETT POBOX 9113 CAMBRIDGE MA 02238 2383116 0 X WWW.CCAE.ORG X 1876 MA CCAE IS A COMMUNITY BASED, NOT-FOR PROFIT EDUCATIONAL INSTITUTION WHOSE PURPOSE IS TO FURTHER EDUCATIONAL OPERATIONS AS WELL AS PRESERVING AND MAINTAINING THE BUILDING AS A LIVING MUSEUM IN ACCORDANCE WITH THE NATIONAL REGISTER OF HISTORICAL PLACES. 22 22 370 30 0 0 810124 396336 2318892 1949297 58 1166 17372 34264 3146446 2381063 109251 42175 0 0 1682276 1429742 1898 290 154826 997973 884722 2791398 2356929 355048 24134 3120871 3154874 495178 505047 2625693 2649827 CCAE IS A COMMUNITY BASED, NOT-FOR PROFIT EDUCATIONAL INSTITUTION WHOSE PURPOSE IS TO FURTHER EDUCATIONAL OPERATIONS AS WELL AS PRESERVING AND MAINTAINING THE BUILDING AS A LIVING MUSEUM IN ACCORDANCE WITH THE NATIONAL REGISTER OF HISTORICAL PLACES. 0 0 2057601 42175 1949297 EDUCATIONAL OPERATIONS - THE ORGANIZATION PROVIDED 1,800 EDUCATIONALCLASSES TO APPROXIMATELY 12,000 STUDENTS. 2057601 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 60 0 1 370 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X MICHAEL GOLDMAN 6175476789 BRATTLE STREET CAMBRIDGE MA 02138 JOHN HERRON JR PRESIDENT 1.00 X X 0 0 0 MARCOS ESPINEL CLERK 1.00 X X 0 0 0 SHARMAN ALTSHULER DIRECTOR 1.00 X 0 0 0 ELIZABETH COXE DIRECTOR 1.00 X 0 0 0 S DONALD GONSON DIRECTOR 1.00 X 0 0 0 IRIS CHANDLER DIRECTOR 1.00 X 0 0 0 CHRISTIAN NOLEN TREASURER 1.00 X X 0 0 0 JONATHAN H POORVU DIRECTOR 1.00 X 0 0 0 PATRICIA JACOBY VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL GOLDMAN ASSISTANT DIRECTOR 40.00 X 0 0 0 HILARY BURLING DIRECTOR 1.00 X 0 0 0 MARY POWER DIRECTOR 1.00 X 0 0 0 NATALIE WIGOTSKY REED DIRECTOR 1.00 X 0 0 0 DAVID G STRACHAN JR DIRECTOR 1.00 X 0 0 0 STEVE BATZELL DIRECTOR 1.00 X 0 0 0 KRIS BUTLER DIRECTOR 1.00 X 0 0 0 MARK DOLNY DIRECTOR 1.00 X 0 0 0 DARLENE ELLIS-DONAHUE DIRECTOR 1.00 X 0 0 0 TOD BEATY VICE PRESIDENT 1.00 X X 0 0 0 MIMI COOLIDGE VICE PRESIDENT 1.00 X X 0 0 0 HENRIETTA DAVIS DIRECTOR 1.00 X 0 0 0 MARY-CATHERINE DEIBEL DIRECTOR 1.00 X 0 0 0 MELISSA SMITH DIRECTOR 1.00 X 0 0 0 SUSAN HARTNETT EXECUTIVE DIRECTOR 40.00 X 91308 0 0 91308 0 0 0 0 0 0 DIG PUBLISHING LLC 242 EAST BERKELEY ST 2 BOSTON MA 02118 CATALOG PRINTING AND DESIGN 139589 1 236655 159681 396336 COURSE FEES 611600 1926470 1926470 OTHER 611600 15401 15401 RESALE 611710 4195 4195 EVENING PROGRAMS 611600 3231 3231 1949297 1166 1166 20444 0 20444 20444 20444 15873 2053 13820 13820 2381063 1949297 0 35430 42175 42175 103365 103365 1127980 1016718 111262 106927 84391 10853 11683 91470 75922 7907 7641 9135 9135 19460 19460 290 290 5648 5648 76004 67644 3800 4560 158544 141104 7927 9513 30294 26961 1515 1818 PROGRAM EXPENSES 348084 348084 PRINTING AND COPYING 234088 233702 386 CLEANING AND MAINTENANC 24421 24421 FUNDRAISING EXPENSES 7673 7673 -28629 -28629 2356929 2057601 144502 154826 X -28406 6759 206564 312559 322112 97895 730 1220 83653 59172 5037546 2366877 2529618 2670669 6600 6600 3120871 3154874 137075 108985 358103 396062 495178 505047 X 2288152 2585710 337541 64117 2625693 2649827 3120871 3154874 24134 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72285 72285 1670905 1200481 470424 2241378 666940 1574438 556122 323450 232672 496856 176006 320850 2670669 X 2643905 305017 305017 2338888 42175 42175 2381063 2346348 31594 31594 2314754 42175 42175 2356929 PART X, LINE 2: FIN 48 FOOTNOTE - GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA PRESCRIBE THE THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. AN ADDITIONAL LIABILITY FOR UNCERTAIN TAX POSITIONS ("UTPS") IS RECOGNIZED AND RECORDED AS A COMPONENT OF CURRENT INCOME TAX EXPENSE FOR DIFFERENCES BETWEEN FINANCIAL AND INCOME TAX REPORTING POSITIONS WHICH DO NOT MEET THIS THRESHOLD. ANY INTEREST AND PENALTIES RELATED TO UTPS ARE RECORDED AS A COMPONENT OF INCOME TAX EXPENSE. THE TAX-EXEMPT STATUS OF AN ENTITY IS CONSIDERED A TAX POSITION. THE ORGANIZATION HAS REVIEWED ITS INCOME TAX FILINGS THAT REMAIN SUBJECT TO EXAMINATION BY TAX AUTHORITIES AND HAS NOT IDENTIFIED ANY MATERIAL UTPS AND THUS HAS NOT RECORDED ANY ADDITIONAL LIABILITY AT JULY 31, 2015 OR 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED AGAINST FUNDRAISING REVENUE 2,053. TEMPORARILY RESTRICTED ASSETS RELEASED FROM DONOR RESTRICTIONS 273,424. OTHER INCOME 29,540. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 42,175. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED AGAINST FUNDRAISING REVENUE 2,053. OTHER EXPENSE 29,541. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 42,175. SCHEDULE D, PART XII, LINE 2D FUNDRAISING AND RENTAL EXPENSES ARE SHOWN ON A NET BASIS FOR TAX PURPOSES PART XII, LINE 4B SCHOLARSHIPS ARE SHOWN ON A NET BASIS FOR FINANCIAL STATEMENT PURPOSES (SEPARATE FOR TAX) 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 FOR MANY YEARS THE SCHOOL HAS HAD MINORITIES ON ITS BOARD OF DIRECTORS, ADMINISTRATIVE STAFF AND IN ITS STUDENT BODY. THE ORGANIZATION'S LONGSTANDING POLICY OF NONDISCRIMINATION IS KNOWN THROUGHOUT THE COMMUNITY DURING REGISTRATION PERIOD. HOLLY FAIR 15873 15873 2053 15873 15873 2053 2053 13820 1 SCHOLARSHIPS 108 42175 FMV REDUCED TUITION RATES FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS REVIEWS THE 990 TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE DIRECTOR MONITORS THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW OF THE EXECUTIVE DIRECTOR IS PERFORMED BY THE BOARD OF DIRECTORS. THE SALARY IS VOTED UPON BY THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FORMS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S OFFICE. FORM 990, PART X, LINES 19 AND 27 DURING 2015, THE CENTER IDENTIFIED AN ACCOUNTING ERROR RELATED TO THE AMOUNT OF STUDENT TUITION CREDITS ISSUED AND OUTSTANDING AS OF THE END OF EACH FISCAL YEAR. THE BEGINNING OF THE YEAR BALANCE SHEET HAS BEEN RESTATED AS FOLLOWS: DEFERRED REVENUE ORIGINALLY REPORTED: 136,660 RESTATED BALANCE: 358,103. UNRESTRICTED NET ASSETS ORIGINALLY REPORTED: 1,016,167 RESTATED BALANCE: 794,724. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.