2012-03-29T15:46:56-05:00 2011-08-31 UHY ADVISORS NY INC 66 SOUTH PEARL STREET SUITE 400 ALBANY NY 12207 990 2010-09-01 222427015 HUDSON VALLEY COMMUNITY COLLEGE FOUNDATION HUDS 5186298012 80 VANDENBURGH AVENUE TROY NY 12180 RACHEL M KIMMELBLATT 5186298012 2012-03-22 1 5184493166 2010 2016-02-24 21:20:13Z RACHEL M KIMMELBLATT 80 VANDENBURGH AVENUE TROY NY 12180 1694215 0 X WWW.HVCC.EDU/FOUNDATION X 1982 NY SUPPORTING THE MISSION, THE STUDENTS, AND THE ALUMNI OF THE HUDSON VALLEY COMMUNITY COLLEGE. 27 27 12 0 0 0 2001317 1308217 0 0 130565 103716 48240 54306 2180122 1466239 499667 285928 0 0 505911 484243 0 0 222510 703286 1400417 1708864 2170588 471258 -704349 5047707 4964782 103871 442987 4943836 4521795 TO RECEIVE AND MAINTAIN FUNDS TO AID AND ADVANCE THE WELFARE, DEVELOPMENT, PURPOSES AND PROGRAMS OF HUDSON VALLEY COMMUNITY COLLEGE, ITS STUDENTS AND ALUMNI. 0 0 1636574 285928 SCHOLARSHIPS AND RELATED COSTS 1636574 1 1 0 0 0 0 0 0 1 0 1 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 12 1 0 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NY X RACHEL M KIMMELBLATT 5186297736 80 VANDENBURGH AVE TROY NY 12180 JOHN M SHARTRAND 0.50 X X 0 0 0 GORDON ZUCKERMAN 0.50 X X 0 0 0 TRACEY L WARDWELL 0.50 X X 0 0 0 KENNETH W GREY 0.50 X X 0 0 0 MARY FRAN GLEASON 0.50 X X 0 0 0 ROBERT R ALLEN 0.50 X 0 0 0 RICHARD M AMADON 0.50 X 0 0 0 DOUGLAS G BALDREY 0.50 X 0 0 0 MAXINE BARASCH 0.50 X 0 0 0 PAUL E BULMER 0.50 X 0 0 0 THOMAS P COOK 0.50 X 0 0 0 NEHME J FRANGIE 0.50 X 0 0 0 WILLIAM F FAGAN 0.50 X 0 0 0 TOM GARRETT 0.50 X 0 0 0 ANTOINE W HARRISON 0.50 X 0 0 0 KEVIN J JOHNSON 0.50 X 0 0 0 LESLIE KING 0.50 X 0 0 0 ANNMARIE LANESEY 0.50 X 0 0 0 CORY A MARTIN 0.50 X 0 0 0 WILLIAM G MULLER 0.50 X 0 0 0 JAMES D RYAN 0.50 X 0 0 0 FRANK C SARRATORI 0.50 X 0 0 0 PETER D SEMENZA 0.50 X 0 0 0 JOHN F SIGNOR 0.50 X 0 0 0 ROBERT F SWANICK 0.50 X 0 0 0 A LYNNE SCOTT 0.50 X 0 0 0 JAMES A WALSH 0.50 X 0 0 0 SARAH BOGGESS 37.50 X 64069 64069 9836 RACHEL M KIMMELBLATT 37.50 X 29071 0 8027 93140 64069 17863 0 0 0 0 0 1308217 1308217 101768 101768 203900 201952 1948 1948 1948 80330 26024 54306 54306 1466239 0 0 158022 285928 285928 162616 16262 56836 89518 236491 74484 82530 79477 85136 26814 29711 28611 4982 4982 41124 8225 20562 12337 1448 1448 SUPPORT FOR COLLEGE INI 1131022 1131022 ADMINISTRATIVE EXPENSES 221810 93839 116883 11088 CAMPAIGN EXPENSE 31 31 2170588 1636574 311504 222510 1052999 747646 314711 176030 10153 2862713 3185115 817284 845838 5047707 4964782 31555 442987 72316 103871 442987 X -118960 -300484 1749168 1571772 3313628 3250507 4943836 4521795 5047707 4964782 X -704349 282308 X X 0 1 1 X 0 X 1377438 1427027 1697942 2001317 1308217 7811941 1377438 1427027 1697942 2001317 1308217 7811941 7811941 124023 230852 126142 108383 101768 691168 184623 145556 94255 91027 80330 595791 9098900 0.85860 0.90150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3074478 73450 129276 68005 3209199 2683999 367145 75990 52656 3074478 2792221 113256 -101875 119603 2683999 0 0 0 MONEY MARKET FUNDS 88639 F EQUITY MUTUAL FUNDS 1955360 F FIXED INCOME MUTUAL FUNDS 1141116 F 3185115 OTHER ASSETS 95827 BENEFICIAL INTEREST IN PERP. TRUST 481672 PRATT LIFE INSURANCE 268339 845838 1466239 2170588 -704349 282308 282308 -422041 1774571 282308 26024 308332 1466239 0 1466239 2196612 26024 26024 2170588 0 2170588 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: INTENDED USES OF THE FOUNDATION'S ENDOWMENT FUNDS INCLUDE SUPPORT FOR THE MISSION AND ACTIVITIES OF THE HUDSON VALLEY COMMUNITY COLLEGE, ITS STUDENTS AND FACULTY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS HOWEVER REQUIRED TO FILE AN INFORMATIONAL RETURN (FEDERAL FORM 990). THE FOUNDATION BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. INFORMATION RETURNS FOR FISCAL YEAR 2008 AND LATER ARE SUBJECT TO EXAMINATION BY THE IRS. RECONCILIATION INCLUDES $26,024 OF FUNDRAISING EXPENSES REPORTED NET IN REVENUE GOLF CLASSIC/DSA LUNCHEON 80330 80330 895 21463 3666 80330 80330 895 21463 3666 26024 54306 1 SCHOLARSHIPS 314 285928 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: USE OF GRANT FUNDS IS MONITORED BY THE ADMINISTRATION OF HUDSON VALLEY COMMUNITY COLLEGE FOR COMPLIANCE WITH GRANT TERMS AND APPLICABLE FEDERAL REGULATIONS. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE OF THE FOUNDATION'S BOARD OF DIRECTORS REVIEWS THE DOCUMENT AND MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS TO APPROVE THE DOCUMENT PRIOR TO FILING. THE FINAL FORM 990 IS REVIEWED AND APPROVED BY THE BOARD PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ACKNOWLEDGMENT OF ACCEPTANCE OF CONFLICT OF INTEREST POLICY AND CONTINUING COMPLIANCE THEREWITH IS REQUIRED OF DIRECTORS AND OFFICERS UPON APPOINTMENT AND AT LEAST ANNUALLY THEREAFTER. INDIVIDUALS SUBJECT TO ANY CONFLICT OR POSSIBLE PERCEPTION OF CONFLICT ARE REQUIRED TO DECLARE THE SAME AND TO RECUSE THEMSELVES FROM THE DELIBERATIVE AND DECISION-MAKING PROCESSES ON MATTERS SUBJECT TO SUCH CONSIDERATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, BYLAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA THE COLLEGE'S WEBSITE AT WWW.HVCC.EDU. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 282,308. FORM 990, PART XII, LINE 2C: COMMITTEE PROCEDURES WITH RESPECT TO OVERSIGHT OF AUDIT OF ANNUAL FINANCIAL STATEMENTS AND SELECTION OF INDEPENDENT ACCOUNTANT DID NOT CHANGE FROM PRIOR YEAR. HUDSON VALLEY COMMUNITY COLLEGE 80 VANDENBURGH AVENUE TROY NY 12180 146009464 HIGHER EDUCATION NY 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 THIS RETURN, ORIGINALLY DUE JANUARY 16, 2012 IS BEING FILED BY MARCH 30, 2012 PURSUANT TO THE AUTOMATIC EXTENSION GRANTED UNDER I.R.S. NOTICE 2012-4 RELATING TO SUSPENSION OF ELECTRONIC FILING FOR EXEMPT ENTITY RETURNS FOR THE PERIOD OF JANUARY AND FEBRUARY 2012. PLEASE WAIVE ANY LATE FILING PENALTIES IN CONSIDERATION OF THESE CIRCUMSTANCES.