MOUNT WACHUSETT COMMUNITY COLLEGE FOUNDATION INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
MOUNT WACHUSETT COMMUNITY COLLEGE FOUNDATION INC (EIN 23-7136083)
Tax period
2012-07-01 to 2013-06-30
Filed
2013-11-06
IRS object ID
201313109349301031
Schema version
2012v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-11-06T09:32:37-06:00Timestamp
Tax Period End Date2013-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN043000523EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1O'CONNOR & DREW PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line125 BRAINTREE HILL OFFICE PARK SUITEAddressLine1
Address Line2102AddressLine2
CityBRAINTREECity
StateMAState
ZIP Code02184ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN237136083EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1MOUNT WACHUSETT COMMUNITY COLLEGE FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMOUNNameControl
Phone9786326600Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1444 GREEN STREETAddressLine1
CityGARDNERCity
StateMAState
ZIP Code01440ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameSCOT BARRETTName
TitleTREASURERTitle
Phone9786326600Phone
Date Signed2013-11-01DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameDAVID A DIIULISName
PTINP00303577PTIN
Phone6174711120Phone
Date Prepared2013-10-28DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonSCOT BARRETTNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1444 GREEN STREETAddressLine1
CityGARDNERCity
StateMAState
ZIP Code01440ZIPCode
FieldValueIRS element (for citing)
Gross Receipts469870GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.MWCC.EDU/FOUNDATIONWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1971YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionAWARDING OF GRANTS AND SCHOLARSHIPSActivityOrMissionDescription
Nbr Voting Members Governing Body22NbrVotingMembersGoverningBody
Nbr Independent Voting Members22NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year246260ContributionsGrantsPriorYear
Contributions Grants Current Year306598ContributionsGrantsCurrentYear
Program Service Revenue Prior Year0ProgramServiceRevenuePriorYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year85973InvestmentIncomePriorYear
Investment Income Current Year75189InvestmentIncomeCurrentYear
Other Revenue Prior Year22899OtherRevenuePriorYear
Other Revenue Current Year13180OtherRevenueCurrentYear
Total Revenue Prior Year355132TotalRevenuePriorYear
Total Revenue Current Year394967TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year327893GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY338799GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year0SalariesEtcPriorYear
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year182808OtherExpensePriorYear
Other Expenses Current Year172356OtherExpensesCurrentYear
Total Expenses Prior Year510701TotalExpensesPriorYear
Total Expenses Current Year511155TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-155569RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-116188RevenuesLessExpensesCY
Total Assets BOY4413010TotalAssetsBOY
Total Assets EOY4658710TotalAssetsEOY
Total Liabilities BOY53546TotalLiabilitiesBOY
Total Liabilities EOY115874TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY4359464NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY4542836NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTHE 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.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense338799Expense
Grants338799Grants
DescriptionFOSTERING AND PROMOTING EXCELLENCE IN EDUCATION AND RESEARCH THROUGH GRANTS AND SCHOLARSHIPS AND ASSISTING IN THE GROWTH AND IMPROVEMENT OF THE COLLEGEDescription
Total Program Service Expense338799TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Report Land Bldg Equip0ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities0ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities1FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org1TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members22NbrVotingGoverningBodyMembers
Number Independent Voting Members22NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO0CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1CARLA DEFOSSE EXECUTIVE DIRECTORBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number9786326600TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1444 GREEN STREETAddressLine1
CityGARDNERCity
StateMAState
ZIP Code01440ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (23 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
CHARLES P BOWLES
DIRECTOR0.00X000
PETER C ARMBRUSTER
CLERK0.00X000X
SCOT BARRETT
TREASURER0.00X000X
RICHARD A CELLA
DIRECTOR0.00X000
RICHARD FLANNAGAN
DIRECTOR0.00X000
REGINA WIRONEN
DIRECTOR0.00X000X
JAMES GARRISON
DIRECTOR0.00X000
ANGELO SABATALO
VICE CHAIRMAN0.00X000X
ANN MCDONALD
DIRECTOR1.00X017592547975
MICHAEL T GREENWOOD
DIRECTOR1.00X09039226650
RAYMOND MARTINO
DIRECTOR0.00X000
RICHARD MOHNK
CHAIRMAN0.00X000X
ANTHONY A CETRONE
DIRECTOR0.00X000
WINFIELD BROWN
DIRECTOR0.00X000
WAYNE CANTY
DIRECTOR0.00X000
WALTER J DWYER IV
DIRECTOR0.00X000
RAYMOND LAFOND
DIRECTOR0.00X000
ERICA LIGHT
DIRECTOR0.00X000
DOUGLAS J PETERSON
DIRECTOR0.00X000
LINDA RACINE
DIRECTOR0.00X000
MOLLY RUBLE
DIRECTOR0.00X000
STEVEN SHAREK
DIRECTOR0.00X000
CARLA DEFOSSE
EXECUTIVE DIRECTOR40.000317908669X
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs298107TotalReportableCompFrmRltdOrgs
Total Other Compensation83294TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
Fundraising Events70175FundraisingEvents
All Other Contributions236423AllOtherContributions
Total Contributions306598TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column73723TotalRevenueColumn
Exclusion$73,723ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities11844Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities10378Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities1466Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column1466TotalRevenueColumn
Exclusion$1,466ExclusionAmount
FieldValueIRS element (for citing)
Gross Income Fundraising Events77705GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events70175CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses64525FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column13180TotalRevenueColumn
Exclusion$13,180ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column394967TotalRevenueColumn
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$88,369ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total338799Total
Program Services338799ProgramServices

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total137562Total
Management And General137562ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total5700Total
Management And General5700ManagementAndGeneral

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total12750Total
Management And General12750ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total7455Total
Management And General7455ManagementAndGeneral

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total2146Total
Management And General2146ManagementAndGeneral

Insurance Insurance

FieldValueIRS element (for citing)
Total1797Total
Management And General1797ManagementAndGeneral

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionTotalTotalManagement And GeneralManagementAndGeneral
DUES AND SUBSCRIPTIONS31253125
MISCELLANEOUS EXPENSES18211821

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total511155Total
Program Services338799ProgramServices
Management And General172356ManagementAndGeneral
Fundraising0Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY267728BOY
EOY535601EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY792463BOY
EOY580699EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY1013BOY
EOY2364EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY3351806BOY
EOY3540046EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY4413010BOY
EOY4658710EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY30216BOY
EOY23534EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY23330BOY
EOY92340EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY53546BOY
EOY115874EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY2133445BOY
EOY2285896EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY1925341BOY
EOY1956262EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY300678BOY
EOY300678EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY4359464BOY
EOY4542836EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY4413010BOY
EOY4658710EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses-116188ReconcilationRevenueExpenses
Reconciliation Unrealized Invest299560ReconciliationUnrealizedInvest
Reconcilation Other Changes0ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement SeparateXFinancialStatementSeparate
FieldValueIRS element (for citing)
Audit Committee1AuditCommittee
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College Support Org170b1 AivXCollegeSupportOrg170b1Aiv

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1358300CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years349309CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years221676CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year246260CurrentTaxYearMinus1Year
Current Tax Year306598CurrentTaxYear
Total2482143Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1358300CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years349309CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years221676CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year246260CurrentTaxYearMinus1Year
Current Tax Year306598CurrentTaxYear
Total2482143Total
FieldValueIRS element (for citing)
Public Support Total1702482143PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years127831CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years106164CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years97534CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year85423CurrentTaxYearMinus1Year
Current Tax Year73723CurrentTaxYear
Total490675Total
FieldValueIRS element (for citing)
Total Support2972818TotalSupport
Gross Receipts From Admissions Etc392830GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage1700.83490PublicSupportPertcentage170
Public Support Pertcent Prior Year0.81040PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance395763BeginningOfYearBalance
Investment Earnings Or Losses57201InvestmentEarningsOrLosses
Other Expenditures7088OtherExpenditures
End Of Year Balance445876EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance387740BeginningOfYearBalance
Contributions10000Contributions
Investment Earnings Or Losses6647InvestmentEarningsOrLosses
Other Expenditures8624OtherExpenditures
End Of Year Balance395763EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance313760BeginningOfYearBalance
Contributions13552Contributions
Investment Earnings Or Losses68078InvestmentEarningsOrLosses
Other Expenditures7650OtherExpenditures
End Of Year Balance387740EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

FieldValueIRS element (for citing)
Beginning Of Year Balance277225BeginningOfYearBalance
Contributions676Contributions
Investment Earnings Or Losses43259InvestmentEarningsOrLosses
Other Expenditures7400OtherExpenditures
End Of Year Balance313760EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

FieldValueIRS element (for citing)
Beginning Of Year Balance320480BeginningOfYearBalance
Contributions0Contributions
Investment Earnings Or Losses-34855InvestmentEarningsOrLosses
Other Expenditures8400OtherExpenditures
End Of Year Balance277225EndOfYearBalance
FieldValueIRS element (for citing)
Permanent Endowment EOY Balance1.00000PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs
Total Of Book Value Land Buildings0TotalOfBookValueLandBuildings

Other Securities OtherSecurities (3 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
CERTIFICATES OF DEPOSIT107659F
EQUITY FUNDS1916841F
FIXED INCOME FUNDS1515546F
FieldValueIRS element (for citing)
Total Of Book Value Securities3540046TotalOfBookValueSecurities
Footnote In Part XIIIXFootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt759052TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments299560NetUnrealizedGainsInvestments
Other Revenues64525OtherRevenues
Revenue Not Rptd F990364085RevenueNotRptdF990
Revenue Subtotal394967RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form990394967TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt575680TotExpensesEtcAuditedFinclStmt
Other Expenses Included64525OtherExpensesIncluded
Expenses Not Rptd F99064525ExpensesNotRptdF990
Expenses Subtotal511155ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form990511155TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:PART X, LINE 2:SCHEDULE D, PART X, LINE 2: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PRACTICED IN THE UNITED STATES OF AMERICA 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.
PART XI, LINE 2D - OTHER ADJUSTMENTS:DIRECT EVENT COSTS 64,525.
PART XII, LINE 2D - OTHER ADJUSTMENTS:DIRECT EVENT COSTS 64,525.

Schedule G IRS990ScheduleG

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1GOLF EVENTNameOfEvent1
Gross Receipts Event148655GrossReceiptsEvent1
Charitable Contributions Event115905CharitableContributionsEvent1
Gross Revenue Event132750GrossRevenueEvent1
Food And Beverage Event13800FoodAndBeverageEvent1
Other Direct Expenses Event117095OtherDirectExpensesEvent1
Name Of Event2FOUNDATION DINNERNameOfEvent2
Gross Receipts Event284495GrossReceiptsEvent2
Charitable Contributions Event254270CharitableContributionsEvent2
Gross Revenue Event230225GrossRevenueEvent2
Food And Beverage Event232259FoodAndBeverageEvent2
Other Direct Expenses Event2632OtherDirectExpensesEvent2
Total Number Of Other Events2TotalNumberOfOtherEvents
Gross Receipts Other Events14730GrossReceiptsOtherEvents
Gross Revenue Other Events14730GrossRevenueOtherEvents
Other Direct Expenses Other Events10739OtherDirectExpensesOtherEvents
Gross Receipts Total147880GrossReceiptsTotal
Charitable Contributions Total70175CharitableContributionsTotal
Gross Revenue Total Events77705GrossRevenueTotalEvents
Food And Beverage Total Events36059FoodAndBeverageTotalEvents
Other Direct Expenses Total Events28466OtherDirectExpensesTotalEvents
Direct Expense Summary Events64525DirectExpenseSummaryEvents
Net Income Summary13180NetIncomeSummary

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained0RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

FieldValueIRS element (for citing)
Business Name Line1MOUNT WACHUSETT COMMUNITY COLLEGEBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1144 GREEN STREETAddressLine1
CityGARDNERCity
StateMAState
ZIP Code01440ZIPCode
FieldValueIRS element (for citing)
EIN Of Recipient046002284EINOfRecipient
IRC Section115IRCSection
Amount Of Cash Grant338799AmountOfCashGrant
Purpose Of GrantTO FULLFILL THE MISSION OF THE FOUNDATION BY SUPPORTING MOUNT WACHUSETT COMMUNITY COLLEGE.PurposeOfGrant
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants1TotalNbrOf501C3AndGovtGrants

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII

FieldValueIRS element (for citing)
Name PersonANN MCDONALDNamePerson
TitleDIRECTORTitle
Base Compensation Filing Org0BaseCompensationFilingOrg
Comp Based On Related Orgs175925CompBasedOnRelatedOrgs
Bonus Filing Org0BonusFilingOrg
Bonus Related Orgs0BonusRelatedOrgs
Other Compensation Filing Org0OtherCompensationFilingOrg
Other Compensation Related Orgs0OtherCompensationRelatedOrgs
Deferred Comp Filing Org0DeferredCompFilingOrg
Deferred Comp Related Orgs0DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org0NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs47975NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org0TotalCompensationFilingOrg
Total Compensation Related Orgs223900TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org0CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs0CompReportPrior990RelatedOrgs

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

Return ReferenceReturnReferenceExplanationExplanation
FORM 990, PART VI, SECTION B, LINE 11AS PART OF THE FORM 990 REVIEW PROCESS, THE FORM 990 NEEDS TO BE REVIEWED BY THE MOUNT WACHUSETT COMMUNITY COLLEGE FOUNDATION BOARD OF TRUSTEES OR 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 BOARD OF TRUSTEES OR A MEMBER OF 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 12CPERSONS 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.
THE MOUNT WACHUSSETT COMMUNITY COLLEGE FOUNDATION, INC. HAS NO EMPLOYEES. THE FOUNDATION INSTEAD USES EMPLOYEES OF MOUNT WACHUSSETT COMMUNITY COLLEGE. ALL SALARIES FOR THESE EMPLOYEES ARE PAID BY MOUNT WACHUSSETT COMMUNITY COLLEGE.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUPLIC UPON REQUEST AND THROUGH THE PUBLISHING OF PRINTED REPORTS.
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.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1MOUNT WACHUSETT COMMUNITY COLLEGEBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1444 GREEN STREETAddressLine1
CityGARDNERCity
StateMAState
ZIP Code01440ZIPCode
FieldValueIRS element (for citing)
EIN046002284EIN
Primary ActivitiesCOMMUNITY COLLEGE - EDUCATIONPrimaryActivities
Legal Domicile StateMALegalDomicileState
Exempt Code Section115ExemptCodeSection
Public Charity StatusN/APublicCharityStatus
Direct Controlling Entity NAN/ADirectControllingEntityNA
Controlled Org0ControlledOrg
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org1GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Dividends Related Organization0DividendsRelatedOrganization
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs1PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees0SharingOfPaidEmployees
Reimbursement Paid To Other Org1ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolvedMethod Of Amt DeterminationMethodOfAmtDetermination
MOUNT WACHUSETT COMMUNITY COLLEGE
B338799END-OF-YEAR MARKET VALUE
MOUNT WACHUSETT COMMUNITY COLLEGE
P137562END-OF-YEAR MARKET VALUE
MOUNT WACHUSETT COMMUNITY COLLEGE
L64525END-OF-YEAR MARKET VALUE

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