2014-11-14T15:19:09-06:00 2014-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2013-07-01 222475111 THE CAPE COD COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC CAPE 5083754016 2240 IYANNOUGH ROAD WEST BARNSTABLE MA 02668 KATHY MCNAMARA EXECUTIVE DIRECTOR 5083754016 2014-10-29 1 DAVID A DIIULIS P00303577 6174711120 2014-10-29 2013 2015-11-30 17:44:51Z KATHY MCNAMARA 2240 IYANNOUGH ROAD WEST BARNSTABLE MA 02668 4518800 0 X WWW.CCCCFOUNDATION.ORG X 1983 MA SUPPORT OF CAPE COD COMMUNITY COLLEGE 26 26 3 100 0 0 885000 1102966 0 0 171358 317914 0 0 1056358 1420880 2307124 873030 0 0 204720 213898 0 0 54804 108668 111922 2620512 1198850 -1564154 222030 8184464 8633175 827819 470312 7356645 8162863 THE CCCCEF IS A NON-PROFIT ORGANIZATION SUPPORTING THE MISSION OF CAPE COD COMMUNITY COLLEGE, ITS STUDENTS, ITS FACULTY, AND ITS COMMUNITY ENDEAVORS, BY RAISING AND MANAGING FUNDS, ENCOURAGING ENDOWMENTS, AND SUPPORTING THE COLLEGE'S OBJECTIVES. 0 0 166565 166565 SCHOLARSHIPS AWARDED TO OUTSTANDING CAPE COD COMMUNITY COLLEGE STUDENTS WHO CONTINUE TO PURSUE HIGHER DEGREES. SCHOLARSHIPS AWARDED ON A NEED BASIS 706465 706465 COLLEGE SUPPORT - SUPPORT TO THE COLLEGE IN THE AREAS OF INSTRUCTION, PROGRAMS AND CAPITAL NEEDS 873030 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 5 0 1 3 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X KATHY MCNAMARA 5083754016 2240 IYANNOUGH ROAD WEST BARNSTABLE MA 02668 MICHAEL J MILLER CHAIRPERSON 1.00 X X 0 7172 0 JOHN A BOLOGNA VICE CHAIRPERSON 1.00 X X 0 0 0 PATRICIA A HURTON CLERK 1.00 X X 0 0 0 DAVID S SCOTCH TREASURER 1.00 X X 0 0 0 LEONARD DILORENZO AT-LARGE 1.00 X X 0 0 0 RICHARD R RAND AT-LARGE 1.00 X X 0 5068 0 DAVID B WILLARD AT-LARGE 1.00 X X 0 0 0 ANN M WILLIAMS AT-LARGE 1.00 X X 0 0 0 ELIZABETH M LEWIS IMMEDIATE PAST CHAIRPERSON 1.00 X X 0 0 0 JUSTIN BLAIR DIRECTOR 0.50 X 0 0 0 FRANK D FANTASIA DIRECTOR 0.50 X 0 0 0 JOHN L COX DIRECTOR 0.50 X 0 209279 0 JAMES GODSILL DIRECTOR 0.50 X 0 0 0 JAMES M MCEVOY DIRECTOR 0.50 X 0 0 0 THOMAS J MCNULTY JR DIRECTOR 0.50 X 0 0 0 MATTHEW LEE DIRECTOR 0.50 X 0 0 0 ADELAIDE M QUEENEY DIRECTOR 0.50 X 0 0 0 ROBERT RINDLER DIRECTOR 0.50 X 0 0 0 KRISTEN RUFO DIRECTOR 0.50 X 0 0 0 MARCY JT SMITH DIRECTOR 0.50 X 0 107395 0 THOMAS SULLIVAN DIRECTOR 0.50 X 0 0 0 ALLEN J WHITE DIRECTOR 0.50 X 0 0 0 NANCY WILLETS DIRECTOR 0.50 X 0 71597 0 CARRIE L WOODS DIRECTOR 0.50 X 0 0 0 LORRIE GARCIA DIRECTOR 0.50 X 0 0 0 SHEILA HOOGEBOOM DIRECTOR 0.50 X 0 0 0 KATHY MCNAMARA EXECUTIVE DIRECTOR 40.00 X 91927 0 0 91927 400511 0 0 0 1 0 0 1102966 1102966 151200 151200 3264634 3097920 166714 166714 166714 1420880 0 0 317914 706465 706465 166565 166565 91927 91927 100618 100618 3157 3157 3419 3419 14777 14777 119 119 9600 9600 56524 1720 54804 1971 1971 11934 11934 1214 1214 MISCELLANEOUS 28917 28917 CREDIT CARD FEES 1643 1643 1198850 873030 271016 54804 1422304 1179394 187016 178071 16564 20958 6558580 7254752 8184464 8633175 609892 223080 217927 247232 827819 470312 X -23585 121511 2717853 2961942 4662377 5079410 7356645 8162863 8184464 8633175 222030 584188 0 X X 0 1 X 1 0 X 1450353 1288556 2566256 885001 1102966 7293132 1450353 1288556 2566256 885001 1102966 7293132 7293132 116884 125833 144347 158178 151200 696442 7989574 0.91280 0.90930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7026554 489393 542431 128734 7929644 6355100 109191 655450 93187 7026554 5735867 546973 98215 25955 6355100 5075547 139596 534915 14191 5735867 4158770 183875 816512 83610 5075547 0.35900 0.64100 0 0 0 SCHOLARSHIP PAYABLE 227232 DUE TO AFFILIATE 20000 247232 X 2205268 584188 200200 784388 1420880 0 1420880 1399050 200200 200200 1198850 0 1198850 PART X, LINE 2: U.S. 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. 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, ETC.); 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. THE FOUNDATION HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT MEETS THE QUALIFICATIONS TO BE CLASSIFIED AS A TAX EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. SINCE THE CONTINUANCE OF THIS STATUS IS BASED UPON CONTINUING QUALIFICATION, THE FOUNDATION HAS IDENTIFIED THIS AS A TAX POSITION. HOWEVER, IT HAS DETERMINED THAT THIS TAX POSITION MEETS MLTN SUSTAINABILITY AND DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. SCHEDULE D PART V LINE 4: SCHEDULE D PART V LINE 4: ENDOWMENT FUNDS ARE USED IN ACCORDANCE WITH THE DONOR REQUESTS TO SUPPORT CAPE COD COMMUNITY COLLEGE STUDENTS AND PROGRAMS. 1 CAPE COD COMMUNITY COLLEGE 2240 IYANNOUGH ROAD WEST BARNSTABLE MA 02668 046002284 115 706465 TO FULLFILL THE MISSION OF THE FOUNDATION BY SUPPORTING CAPE COD COMMUNITY COLLEGE. 1 0 SCHOLARSHIPS 188 166565 PART I, LINE 2: GRANTS/CONTRIBUTIONS ARE MONITORED IN ACCORDANCE WITH THE TERMS OF THE AGREEMENTS. 0 0 0 0 0 0 0 0 0 JOHN L COX DIRECTOR 0 191780 0 0 0 17499 0 0 0 0 0 209279 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS EXAMINED AND REVIEWED BY THE TREASURER OF THE BOARD OF DIRECTORS BEFORE IT IS SUBMITTED. THE TREASURER HAS BEEN GIVEN THE AUTHORITY BY THE BOARD OF DIRECTORS TO APPROVE THE FORM 990 FOR SUBMISSION ON THEIR BEHALF. FORM 990, PART VI, SECTION B, LINE 12C IF THERE IS A CONFLICT OF INTEREST, AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION. AFTER EXERCISING DUE DILIGENCE, THE BOARD SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION IS NOT REASONABLY ATTAINABLE, THE BOARD SHALL DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION IS IN THE FOUNDATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE, AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW FOR THE EXECUTIVE DIRECTOR AND OTHER FOUNDATION EMPLOYEES INCLUDES THE FOLLOWING: REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE; NO MEMBERS OF THE BOARD HAVE A CONFLICT OF INTEREST WITH THE EXECUTIVE DIRECTOR; AND DOCUMENTATION OF THE DECISION MAKING PROCESS IS MAINTAINED. 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 XII, SECTION A, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE WHOSE PURPOSE IS THE OVERSIGHT AND REVIEW OF THE AUDITED FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. CAPE COD COMMUNITY COLLEGE 2240 IYANNOUGH ROAD WEST BARNSTABLE MA 02668 046002284 COMMUNITY 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 CAPE COD COMMUNITY COLLEGE B 706465 FMV