2012-05-10T10:06:05-05:00 2011-06-30 BDO USA LLP 7101 WISCONSIN AVE SUITE 800 BETHESDA MD 208144827 990 2010-07-01 526078381 ANNE ARUNDEL COMMUNITY COLLEGE FOUNDATION INC ANNE 4107772515 101 COLLEGE PARKWAY ARNOLD MD 21012 ALAN J HYATT 4107772515 2012-05-10 1 JOYCE M UNDERWOOD 3016544900 2010 2016-02-24 21:20:13Z ALAN J HYATT 101 COLLEGE PARKWAY ARNOLD MD 21012 3986380 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. 26 25 0 35 0 0 999816 842651 1252798 1253286 229014 244327 -66755 -69163 2414873 2271101 535260 787452 0 0 0 0 0 0 127526 1509516 1550915 2044776 2338367 370097 -67266 20584554 21092062 14454289 14021937 6130265 7070125 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 1552712 295473 1253286 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. 491979 491979 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. 2044691 1 1 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 5 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 MD X X KATHY BOLTON 4107772515 101 COLLEGE PARKWAY ARNOLD MD 21012 WIILIAM BADGER 1.00 X 0 0 0 H STAFFORD BULLEN III 1.00 X 0 0 0 JOHN W CANTRELL 1.00 X 0 0 0 KAREN L COOK 5.00 X X 0 95262 22256 ARTHUR D EBERSBERGER 1.00 X 0 0 0 ANGELA EWELL-MADISON 1.00 X 0 0 0 JENNY FRANCIS 1.00 X 0 0 0 LESLIE HUNT 1.00 X 0 0 0 ALAN J HYATT 5.00 X X 0 0 0 J MITCHELL KREBS 5.00 X X 0 0 0 HENRY LIBBY 1.00 X 0 0 0 ANDREW MCALEXANDER 1.00 X 0 0 0 MORGAN O'BRIEN 1.00 X 0 0 0 CYNTHIA O'NEILL 1.00 X 0 0 0 MARK POWELL 1.00 X 0 0 0 J JEREMY PARKS 1.00 X 0 0 0 ROBERT G POZGAR 1.00 X 0 0 0 DIANE DIXON-PROCTOR 1.00 X 0 0 0 DALJIT SAWHNEY 1.00 X 0 0 0 SAMANTHA SOLOVIEFF 1.00 X 0 0 0 DOMINIC J SOUZA 1.00 X 0 0 0 LAWRENCE ULVILLA 1.00 X 0 0 0 SHARRIE K WADE 5.00 X X 0 0 0 JEANNINE WAYSON 1.00 X 0 0 0 JAY I WINER 1.00 X X 0 0 0 SUSAN ZUHOWSKI 1.00 X 0 0 0 JASON L GROVES 1.00 X 0 0 0 JOHN N STRANGE 1.00 X 0 0 0 STACEY SICKELS HECKEL 30.00 X 0 124570 24416 0 219832 46672 0 0 0 0 0 127266 715385 522 842651 RENTAL 900099 1253286 1253286 1253286 211315 211315 1626728 1593716 33012 33012 33012 52400 127266 121563 -69163 -69163 2271101 1253286 0 175164 787452 787452 12000 12000 21870 21870 34232 34232 16032 16032 11980 7763 4217 155854 89 41363 114402 12615 12615 119081 119081 3860 3860 2458 2458 713742 713742 354460 354460 2833 2833 EVENT SPONSORSHIP 50510 50510 CATERING 20517 19183 1334 TAXES AND FEES 7839 2625 5214 GIFTS-IN-KIND 5566 700 4866 5466 2759 2707 2338367 2044691 166150 127526 749744 399818 363302 472076 386118 243354 11450 8191 8262 11437 13261169 3238074 10349237 10023095 4736867 6392068 2085739 1705314 1893835 1836709 20584554 21092062 29587 45054 14160000 13730000 264702 246883 14454289 14021937 X -873033 -304783 1816170 1979949 5187128 5394959 6130265 7070125 20584554 21092062 X -67266 1007126 X X 0 1 1 X 0 X 626110 748869 1078761 999816 842651 4296207 626110 748869 1078761 999816 842651 4296207 1221472 3074735 233583 217868 185305 182366 211315 1030437 78024 143883 30040 34350 52400 338697 5665341 6044047 0.54270 0.55070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5058420 165256 914367 196766 27017 5914260 4441164 272814 464168 96642 23084 5058420 5243832 372762 -952050 203077 20303 4441164 0.00000 0.90250 0.09750 0 0 12545472 2522855 10022617 381630 381152 478 334067 334067 0 10023095 REMAINDER INTEREST IN REAL ESTATE 530000 F BOND PROCEEDS INV IN GUAR INV TRUSTS 1175314 F 1705314 BOND FINANCE FEES, NET 649873 CURRENT AND DEFERRED RENT RECEIVABLE 1186836 1836709 ACCRUED INTEREST PAYABLE 233823 DUE TO COLLEGE 13060 246883 2271101 2338367 -67266 1007126 1007126 939860 3808602 1007126 408812 1415938 2392664 -121563 -121563 2271101 2868742 408812 408812 2459930 -121563 -121563 2338367 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: ON JULY 1, 2009, THE FOUNDATION ADOPTED THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE IMPLEMENTATION OF ASC 740-10 HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: BOOK TO TAX ADJUSTMENT FOR PASSTHROUGH INCOME PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED WITH SPECIAL EVENT INCOME -121,563. BOOK TO TAX ADJUSTMENT FOR PASSTHROUGH LOSS PART XIII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED WITH SPECIAL EVENT INCOME -121,563. GALA 127710 96510 31200 1476 46474 4950 25262 GOLF TOURNAMENT 29266 19566 9700 6480 3962 17352 2 22690 11190 11500 2531 13076 179666 127266 52400 7956 52967 4950 55690 121563 -69163 1 ANNE ARUNDEL COMMUNITY COLLEGE 101 COLLEGE PARKWAY AMOLD MD 21012 520905706 ANNE ARUNDEL COUNTY 491979 SCHOLARSHIPS ANNE ARUNDEL COMMUNITY COLLEGE 101 COLLEGE PARKWAY AMOLD MD 21012 520905706 ANNE ARUNDEL COUNTY 295473 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,007,126. BOOK TO TAX ADJUSTMENT FOR PASSTHROUGH INCOME OVERSIGHT OF AUDIT FORM 990, PART XI, 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 115 N/A 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0