2014-05-15T14:47:49-05:00 2013-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFFICE PARK BRAINTREE MA 02184 990 2012-07-01 222536037 ROXBURY COMMUNITY COLLEGE FOUNDATION ROXB 6174260060 1234 COLUMBUS AVENUE NO 210 BOSTON MA 02120 SONIA ALLEYNE 6174260060 2014-05-07 1 DAVID A DIIULIS P00303577 6174711120 2014-05-07 2012 2015-11-30 17:44:51Z SONIA ALLEYNE 1234 COLUMBUS AVENUE NO 210 BOSTON MA 02120 1504289 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 376917 75982 0 0 155620 314450 -617 18817 531920 409249 154118 229184 0 0 0 0 0 0 0 72140 275116 226258 504300 305662 -95051 3565730 3476415 142719 172256 3423011 3304159 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 178612 178612 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 PROVES REGULARLY SCHEDULED OUT-OF-CLASS, AND PEER-FACILITATED GROUP STUDY SESSIONS THAT ARE DEVOTED TO REINFORCING THE INFORMATION 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. 49800 49800 SCHOLARSHIP: TO PROVIDE SCHOLARSHIP SUPPORT TO STUDENTS IN NEED WHO HAVE ACHIEVED SCHOLARSHIP HONORS AND ARE RECOGNIZED BY THE FACULTY. 772 772 EMERGENCY GRANTS: GRANTS MADE ON AN EMERGENCY BASIS TO THOSE WHO HAVE PROVEN NEEDS. 229184 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 0 1 0 0 0 0 0 0 1 0 1 0 1 3 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 8 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X SONIA ALLEYNE PRESIDENT 6174267080 1234 COLUMBUS AVENUE SUITE 210 BOSTON MA 02120 X SONIA ALLEYNE 2.00 X X 0 0 0 ELIZABETH CLARK 1.00 X X 0 0 0 DANNY BRUNDAGE 1.00 X 0 0 0 ROBERT FLEMING 1.00 X 0 0 0 DEBROAH HUGHES 1.00 X 0 0 0 MYRAN PARKER-BRASS 1.00 X 0 0 0 WAYNE PROCOPE 1.00 X X 0 0 0 MAMONA SALAS 1.00 X 0 0 0 0 0 0 0 0 0 0 0 75982 75982 84183 84183 1309783 1079516 230267 230267 230267 34341 15524 18817 18817 409249 0 0 333267 178612 178612 50572 50572 59453 59453 36649 36649 13285 13285 572 572 3487 3487 BAD DEBTS 160135 160135 MISCELLANEOUS 1535 1535 504300 229184 275116 0 28207 833588 826563 170594 19963 12500 2060 1265 2546988 2600417 3565730 3476415 128019 168656 14700 3600 142719 172256 X 58116 42531 1552244 1448977 1812651 1812651 3423011 3304159 3565730 3476415 -95051 -23801 0 X X 0 1 X 1 0 X X X 0 0 0 ROXBURY COMMUNITY COLLEGE 042726857 2 1 1 1 178612 1 178612 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2537648 235819 24821 2748646 2553286 12258 27896 2537648 2141253 7774 450690 46431 2553286 2030602 5000 156076 50425 2141253 2145071 193909 -305453 2925 2030602 0.04000 0.66000 0.30000 0 0 0 X 348799 -23801 -23801 372600 36649 36649 409249 467651 0 467651 36649 36649 504300 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: US GENERALLY ACCEPTED ACCOUNTING PRINCIPLES 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. INTEREST AND PENALTIES, IF ANY, RELATED TO ASSESSMENTS BY TAX AUTHORITIES WILL BE CLASSIFIED AS A COMPONENT OF INTEREST EXPENSE AND OTHER EXPENSE, RESPECTIVELY, IN THE STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. A TAX POSITION MAY BE CONSIDERED AS TAKEN ANY TIME A TAXPAYER CHOOSES AMONGST ALTERNATIVES THAT AFFECT THE AMOUNT OF THEIR TAX OBLIGATIONS AND INCLUDE FOR EXAMPLE: TAX EXEMPT STATUS; STATUS AS A PASS-THOUGH ENTITY (S CORPORATIONS); DECISIONS MADE IN THE PROCESS OF CONFORMING WITH TAX LAWS; DECISIONS NOT TO FILE IN CERTAIN JURISDICTIONS; ALLOCATION OF INCOME BETWEEN JURISDICTIONS AND THE CHARACTERIZATION OF INCOME OR EXPENSES. 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. GOLF TOURNAMENT 34341 34341 4932 7340 3252 34341 34341 4932 7340 3252 15524 18817 1 ROXBURY COMMUNITY COLLEGE 1234 COLUMBUS AVENUE BOSTON MA 02120 042726857 115 178612 FMV SUPPORT OF THE COLLEGE AND ITS STUDENTS THROUGH VARIOUS GRANTS. 1 0 SCHOLARSHIPS 85 49800 GRANTS 6 772 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 2013, 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, NONPROFIT CAPITAL MANAGEMENT, LLC. TO DO BOOKKEEPING, PROGRAM ADMINISTRATION AND FINANCIAL CONSULTING. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE 990 IS REVIEWED BY THE FINANCE COMMITTEE WHO THEN FORWARDS IT 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 FINANCE COMMITTEE AND THE BOARD OF DIRECTORS ARE RESONSIBLE FOR THE SELECTION AND RETENTION OF AUDITORS AS WELL AS OVERSIGHT OF THE AUDIT OF THE FOUNDATION. ROXBURY COMMUNITY COLLEGE 1234 COLUMBUS AVENUE BOSTON 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 178612 GRANT SCHEDULE