2013-05-09T11:01:46-05:00 2012-06-30 135381590 BDO USA LLP 7101 WISCONSIN AVE SUITE 800 BETHESDA MD 208144827 990 2011-07-01 526078381 ANNE ARUNDEL COMMUNITY COLLEGE FOUNDATION INC ANNE 4107772515 101 COLLEGE PARKWAY ARNOLD MD 21012 JAY WINER 4107772515 2013-05-09 1 JOYCE M UNDERWOOD P00022361 3016544900 2011 2016-02-25 16:41:14Z JAY WINER 101 COLLEGE PARKWAY ARNOLD MD 21012 4372329 0 X HTTP://WWW.AACC.EDU/FOUNDATION X 1967 MD THE MISSION OF THE ANNE ARUNDEL COMMUNITY COLLEGE FOUNDATION INC. IS TO SECURE AND STEWARD PRIVATE FUNDS THAT ENHANCE THE EDUCATIONAL ENDEAVORS OF ANNE ARUNDEL COMMUNITY COLLEGE AND ASSIST THE COLLEGE IN MEETING ITS GOALS AND OBJECTIVES. 24 20 0 17 0 0 842651 1046442 1253286 1253597 244327 219203 -69163 -28567 2271101 2490675 787452 805994 0 0 0 0 0 0 22934 1550915 1367399 2338367 2173393 -67266 317282 21092062 20685211 14021937 13558384 7070125 7126827 X THE ANNE ARUNDEL COMMUNITY COLLEGE FOUNDATION, INC. IS A 501(C)(3) CORPORATION WHOSE MISSION IS TO SECURE AND STEWARD PRIVATE FUNDS SOUGHT TO ENHANCE THE EDUCATIONAL ENDEAVORS OF ANNE ARUNDEL COMMUNITY COLLEGE (AACC). THE FOUNDATION SUPPORTS AACC BY MAINTAINING ITS STANDING AS A PREMIER LEARNING COMMUNITY, WHOSE STUDENTS AND GRADUATES ARE AMONG THE BEST-PREPARED CITIZENS AND WORKERS OF THE WORLD. 0 0 1592029 402408 1253597 SUPPORT OF COLLEGE PROGRAMS-THE FOUNDATION'S FOCUS HAS HISTORICALLY BEEN ON PROVIDING SCHOLARSHIPS TO ANNE ARUNDEL COMMUNITY COLLEGE STUDENTS, WHICH REMAINS ONE OF THE FOUNDATION'S PRIMARY PURPOSES. HOWEVER, AS THE COMPLEXITIES OF A 21ST CENTURY EDUCATION INCREASE, ADDITIONAL RESOURCES IN AREAS SUCH AS TECHNOLOGY, EQUIPMENT, DEPARTMENTAL SUPPORT, FACILITIES, STUDENT ENRICHMENT AND INNOVATION HELP PROTECT THE COLLEGE'S POSITION OF STRENGTH. GENEROUS CONTRIBUTIONS TO THE AACC FOUNDATION ALLOW THE FOUNDATION TO PROVIDE FUNDING FOR SUCH NEEDS THAT CANNOT BE MET BY THE COLLEGE'S ANNUAL BUDGET. THESE CONTRIBUTIONS PROTECT THE COLLEGE'S MARGIN OF EXCELLENCE AND ENSURE A REGIONAL VITALITY POWERED BY AN EDUCATED CITIZENRY AND WORKFORCE. 403586 403586 SCHOLARSHIPS-ANNE ARUNDEL COMMUNITY COLLEGE IS ONE OF THE MOST AFFORDABLE COMMUNITY COLLEGES IN MARYLAND YET MANY CURRENT AND PROSPECTIVE AACC STUDENTS DEMONSTRATE FINANCIAL NEED AND REQUIRE FINANCIAL ASSISTANCE IN ORDER TO ENROLL AT THE COLLEGE. THE PRIVATELY FUNDED SCHOLARSHIP PROGRAM AT ANNE ARUNDEL COMMUNITY COLLEGE FOUNDATION INC. PROVIDES THAT AID FOR HUNDREDS OF STUDENTS EACH YEAR. 1995615 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 9 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 24 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X X KATHY BOLTON 4107772515 101 COLLEGE PARKWAY ARNOLD MD 21012 X WILLIAM A BADGER JR 1.00 X 0 0 0 H STAFFORD BULLEN III 1.00 X 0 0 0 KIMBERLY M BURNS 1.00 X 0 0 0 JOHN W CANTRELL 1.00 X 0 0 0 FRANK CAMPBELL 1.00 X 0 2367 0 REV DR DIANE R DIXON-PROCTOR 1.00 X 0 0 0 ANGELA EWELL-MADISON 1.00 X 0 0 0 MORGAN O'BRIEN 1.00 X 0 1054 0 JENNY C FRANCIS 1.00 X 0 0 0 LESLIE L HUNT 1.00 X 0 0 0 MICHAEL G LEAHY ESQ 1.00 X 0 0 0 HENRY N LIBBY ESQ 1.00 X 0 0 0 CINDY O'NEILL 1.00 X 0 0 0 ANDREW MCALEXANDER 1.00 X 0 0 0 J JEREMY PARKS 1.00 X 0 0 0 MARK POWELL 1.00 X 0 0 0 ROBERT G POZGAR 1.00 X 0 0 0 CYNTHIA ROBICHAUD 1.00 X 0 0 0 DALJIT S SAWHNEY MD 1.00 X 0 0 0 DOMINIC J SOUZA ESQ 1.00 X 0 0 0 FREDERICK TUTMAN 1.00 X 0 0 0 LAWRENCE W ULVILA JR 1.00 X 0 0 0 JEANNIE WAYSON 1.00 X 0 0 0 SUSAN ZUHOWSKI ESQ 1.00 X 0 9468 0 ALAN J HYATT ESQ 5.00 X X 0 0 0 JAY I WINER 5.00 X X 0 0 0 SHARRIE K WADE CPA 5.00 X X 0 0 0 J MITCHELL KREBS 5.00 X X 0 0 0 KAREN L COOK ESQ 5.00 X X 0 96444 22588 KATHLEEN E BOLTON 10.00 X 0 102637 24699 DR EDWARD DUFFY 18.00 X 0 102123 0 0 314093 47287 0 0 0 0 0 257585 31132 757725 1046442 RENTAL 900099 1253597 1253597 1253597 254383 254383 1756907 1792087 -35180 -35180 -35180 61000 257585 89567 -28567 -28567 2490675 1253597 0 190636 805994 805994 12000 12000 20008 20008 36211 36211 14943 14943 41006 36764 4242 13147 13147 119392 119392 4323 4323 1277 1277 694607 694607 350952 350952 2777 2777 EVENT SPONSORSHIP 22045 22045 GIFTS-IN-KIND 15101 15101 CATERING 9495 5904 3591 TAXES AND FEES 8732 2625 6107 1383 1383 2173393 1995615 154844 22934 399818 572748 472076 374427 243354 163693 8191 11437 30696 13261169 3560708 10023095 9700461 6392068 6390147 1705314 1675314 1836709 1777725 21092062 20685211 45054 38199 13730000 13280000 246883 240185 14021937 13558384 X -304783 -48616 1979949 1528542 5394959 5646901 7070125 7126827 21092062 20685211 X 317282 -260580 X X 0 1 1 X 0 X 748869 1078761 999816 842651 1046442 4716539 748869 1078761 999816 842651 1046442 4716539 1180796 3535743 217868 185305 182366 211315 254383 1051237 143883 30040 34350 52400 61000 321673 6089449 6264982 0.58060 0.54270 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5914260 245864 -236038 276910 27872 5619304 5058420 165256 914367 196766 27017 5914260 4441164 272814 464168 96642 23084 5058420 5243832 372762 -952050 203077 20303 4441164 0.00000 0.96090 0.03910 0 0 12545472 2845298 9700174 381630 381343 287 334067 334067 0 9700461 REMAINDER INTEREST IN REAL ESTATE 500000 F BOND PROCEEDS INV IN GUAR INV TRUSTS 1175314 F 1675314 BOND FINANCE FEES, NET 612290 CURRENT AND DEFERRED RENT RECEIVABLE 1165435 1777725 ACCRUED INTEREST PAYABLE 227372 DUE TO COLLEGE 12813 240185 2490675 2173393 317282 -260580 -260580 56702 2713153 -260580 393491 132911 2580242 -89567 -89567 2490675 2656451 393491 393491 2262960 -89567 -89567 2173393 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ROLE OF THE ENDOWMENT IS TO SUPPORT BOTH CURRENT AND FUTURE ACADEMIC PROGRAMS OF THE COLLEGE, WHICH MAY ALSO INCLUDE DIRECT SUPPORT TO MAINTAIN THE FACILITIES HOUSING THESE PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION FOLLOWS THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE FOUNDATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE FOUNDATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2012 AND 2011, RESPECTIVELY. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED WITH SPECIAL EVENT INCOME -89,567. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED WITH SPECIAL EVENT INCOME -89,567. GALA 318585 257585 61000 5603 50120 5000 28844 318585 257585 61000 5603 50120 5000 28844 89567 -28567 1 ANNE ARUNDEL COMMUNITY COLLEGE 101 COLLEGE PARKWAY ARNOLD MD 21012 520905706 ANNE ARUNDEL COUNTY 403586 SCHOLARSHIPS ANNE ARUNDEL COMMUNITY COLLEGE 101 COLLEGE PARKWAY ARNOLD MD 21012 520905706 ANNE ARUNDEL COUNTY 402408 PROGRAM SUPPORT 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: STUDENTS ARE AWARDED SCHOLARSHIPS BASED ON FINANCIAL NEED, SCHOLASTIC APTITUDE, AND DONOR INTENT. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS PRESENTED TO THE BOARD PRIOR TO THE BOARD MEETING, THE BOARD REVIEWS THE 990 AND HAS THE OPPORTUNITY TO COMMENT BOTH PRIOR TO AND AT THE BOARD MEETING. DURING THE BOARD MEETING, KEY ELEMENTS OF THE RETURN ARE PRESENTED BY THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE CONFLICT OF INTEREST POLICY IS BROUGHT FORWARD AT THE BOARD OF DIRECTORS MEETING FOR DISCUSSION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. HOURS DEVOTED TO RELATED ORGANIZATION: FORM 990, PART VII, LINE 1A, COLUMN B ANNE ARUNDEL COMMUNITY COLLEGE NAME: AVERAGE HOURS: FRANK CAMPBELL 1.00 MORGAN O'BRIEN 2.75 SUSAN ZUHOWSKI, ESQ. 3.75 KAREN L. COOK, ESQ. 43.00 KATHLEEN E. BOLTON 50.00 DR. EDWARD DUFFY 6.00 CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -260,580. OVERSIGHT OF AUDIT FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES DURING THE YEAR IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. ANNE ARUNDEL COMMUNITY COLLEGE 101 COLLEGE PARKWAY ARNOLD MD 21012 520509706 EDUCATIONAL INSTITUTION MD N/A 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0