2013-11-14T15:46:39-06:00 2013-06-30 410746749 CLIFTONLARSONALLEN LLP 9515 DEERECO RD - SUITE 500 TIMONIUM MD 210932184 990 2012-07-01 237345298 CECIL COLLEGE FOUNDATION INC CECI 4102876060 ONE SEAHAWK DRIVE NORTH EAST MD 21901 ALAN MCCARTHY DVM 4102876060 2013-11-14 1 MELISSA DYER CPA P01222987 4104530900 2012 2016-02-25 16:41:14Z CHRIS ANN SZEP ONE SEAHAWK DRIVE NORTH EAST MD 21901 3410354 0 X WWW.CECIL.EDU X 1973 MD PROVIDE FINANCIAL AID AND PROMOTE CECIL COLLEGE 26 26 0 47 0 0 713933 505058 0 0 192170 229791 0 0 906103 734849 167893 186437 0 0 0 0 0 0 15697 397238 280004 565131 466441 340972 268408 4374198 5089955 43 497308 4374155 4592647 TO PROVIDE FINANCIAL AID AND PROMOTE CECIL COLLEGE. 0 0 186437 186437 GRANTS AND ALLOCATIONS PROVIDE STUDENT AID THUS ASSISTING STUDENTS IN THE COMPLETION OF THEIR COLLEGE EDUCATION. IN THE CURRENT YEAR, 267 STUDENTS WERE AWARDED SCHOLARSHIPS. 191388 ARTS AND ATHLETICS PROGRAM EXPENDITURES ARE PAID ON BEHALF OF THE COLLEGE TO HELP PROMOTE A WELL-ROUNDED, COMPREHENSIVE COLLEGE EXPERIENCE. 377825 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X THE ORGANIZATION 4102876060 ONE SEAHAWK DRIVE NORTH EAST MD 21901 X GEORGE BENVEGNO SR 0.50 X 0 0 0 WILLIAM DEFREITAS 0.50 X 0 0 0 CAMERON BROWN 0.50 X 0 0 0 VANESSA BROWN 0.50 X 0 0 0 DAVID G HUGHES 0.50 X 0 0 0 SUELLEN SCHEINER 0.50 X 0 0 0 LISA STOTTLEMYER 0.50 X 0 0 0 TOM VAUGHAN 0.50 X 0 0 0 BILL HAYLES 0.50 X 0 0 0 BRANDON HOLLENBAUGH SR 0.50 X 0 0 0 SHAHNAWAZ KHAN PHD 0.50 X 0 0 0 DOTTIE CAMPBELL 0.50 X X 0 0 0 ALAN MCCARTHY DMV 0.50 X X 0 0 0 MARGARET SCIBINICO 0.50 X 0 0 0 SHARON WALLA ESQ 0.50 X 0 0 0 PHYLLIS ZEISE 0.50 X 0 0 0 DANIEL THOMPSON 0.50 X X 0 0 0 KENT METHVEN 0.50 X 0 0 0 GEORGE FISHER 0.50 X 0 0 0 WILLIAM GERWECK III 0.50 X 0 0 0 FRANCIS MITA 0.50 X X 0 0 0 MARK MORTENSON 0.50 X 0 0 0 CHERYL GOLDSTEIN 0.50 X 0 0 0 ELIZABETH LOWE 0.50 X 0 0 0 SARAH W COLENDA 0.50 X X 0 0 0 CATHY PARSONS 0.50 X 0 0 0 0 0 0 0 0 0 0 0 68677 436381 139021 505058 114651 114651 2752001 2636861 115140 115140 115140 38644 68677 38644 0 734849 0 0 229791 186437 186437 7540 7540 49809 49809 5810 5810 5803 5803 SUPPORT FOR COLLEGES PR 191238 191238 DEVELOPMENT 15697 15697 ADMIN FEE EXPENSE 3420 3420 DUES AND MEMBERSHIPS 537 537 150 150 466441 377825 72919 15697 191530 143410 151600 79838 375060 0 0 375060 4031068 4491647 4374198 5089955 43 40 0 497268 43 497308 X 327328 632012 662732 542776 3384095 3417859 4374155 4592647 4374198 5089955 X 268408 209084 -259000 X X 0 1 X 1 0 X 554309 283619 291465 713933 505058 2348384 126176 126314 128296 380786 554309 283619 417641 840247 633354 2729170 226482 2502688 65745 70078 106332 125380 114651 482186 3211356 0.77930 0.78840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3706584 20776 367849 91451 16301 33490 3960967 3759285 165257 -90901 77876 14650 34531 3706584 3180755 38083 552029 11003 579 3759285 3177272 20256 92992 65570 18273 25922 3180755 3168696 252951 -143784 70454 2704 27433 3177272 0.86000 0.14000 0 0 375060 375060 375060 ANNUITY PAYABLE 497268 497268 X 813229 209084 128296 -259000 78380 734849 0 734849 594737 128296 128296 466441 0 466441 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS SUPPORT A VARIETY OF SCHOLARSHIPS AND PROGRAMS AT CECIL COLLEGE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION HAS ADOPTED THE GUIDANCE IN ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (ASC 740-10); WHICH PRESCRIBES A THRESHOLD OF MORE-LIKELY-THAN-NOT FOR RECOGNITION AND DERECOGNITION OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT ALSO RECOGNIZES RELATED GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. THE FOUNDATION DOES NOT BELIEVE THAT THERE ARE ANY UNRECOGNIZED TAX BENEFITS OR COSTS THAT SHOULD BE RECORDED. RETURNS FOR FISCAL YEARS 2010 - 2012 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FAIR MARKET VALUE OF DONATED PROPERTY -259,000. COLLEGIUM DE VINUM 52384 37093 15291 15291 GOLF TOURNAMENT 22204 17622 4582 4140 442 2 32733 13962 18771 4623 7374 1150 5624 107321 68677 38644 8763 7374 16441 6066 38644 0 1 SCHOLARSHIPS TO STUDENTS SELECTED BY THE COLLEGE 267 186437 N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: STUDENTS ARE SELECTED FOR SCHOLARSHIP AWARDS BASED ON ACADEMIC MERIT AND FINANCIAL NEED. X 8908 FAIR VALUE X 1 104730 FAIR VALUE X ADVERTISING 1 375 FAIR VALUE X FOOD & ALCOHOL 17 2206 FAIR VALUE X GIFT CARDS 38 17275 FAIR VALUE X 390 GALLONS OF PROPANE 1 952 FAIR VALUE X PERSONAL PROPERTY 1 4575 FAIR VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 ONCE CECIL COLLEGE FOUNDATION RECEIVES THE FINAL 990 DRAFT IT IS DISSEMINATED TO THE FUND MANAGEMENT COMMITTEE FOR COMMENTS/APPROVAL. ONCE APPROVED BY THE FUND MANAGEMENT COMMITTEE, IT IS DISTRIBUTED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION HAS IMPLEMENTED THE FOLLOWING PROCEDURE FOR MAINTAINING UPDATED CONFLICT OF INTEREST POLICY INFORMATION: THE CONFLICT OF INTEREST POLICY IS REVIEWED AND APPROVED AT THE FIRST MEETING OF THE FOUNDATION EACH NEW FISCAL YEAR. DIRECTORS ARE ASKED TO REVIEW THE POLICY AND CONFIRM BY SIGNATURE THAT NO CURRENT OR FUTURE (90 DAYS) CONFLICTS EXIST. FORM 990, PART VI, SECTION B, LINES 15A AND 15B: THE ORGANIZATION DOES NOT HAVE EMPLOYEES; THEREFORE, THESE POLICIES DO NOT APPLY TO THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 ALL POLICIES ARE AVAILABLE UPON WRITTEN OR VERBAL REQUEST. ADDITIONALLY, A PUBLIC COPY OF ANY POLICY WILL BE GIVEN TO ANYONE WHO VISITS THE FOUNDATION OFFICES AND REQUESTS A COPY OF BYLAWS, POLICIES, OR FINANCIAL STATEMENTS (PUBLIC COPY). CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF DONATED PROPERTY -259,000. FORM 990, PART XII, LINE 2C THE PROCESS REMAINS THE SAME FROM THE PRIOR YEAR. CECIL COLLEGE ONE SEAHAWK DRIVE NORTH EAST MD 210932184 520908863 EDUCATION MD 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0