2011-05-10T14:53:41-05:00 2010-06-30 ALEXANDER ARONSON FINNING 21 EAST MAIN STREET WESTBOROUGH MA 01581 990 2009-07-01 222536037 ROXBURY COMMUNITY COLLEGE FOUNDATION CO GRANTS MANAGEMENT INC ROXB 6174267080 77 Summer Street 8th Floor BOSTON MA 021101006 Sonia Alleyne Matthews 6174267080 2011-05-09 1 MAUREEN STALEY CPA 5083669100 2009 2016-02-24 21:20:13Z Sonia Alleyne Matthews 77 Summer Street 8th Floor BOSTON MA 021101006 1320102 0 X N/A X 1983 MA THE FOUNDATION'S MISSION IS TO RAISE FUNDS FROM PRIVATE SOURCES TO SUPPORT THE EDUCATIONAL OPPORTUNITIES FOR THE STUDENTS OF ROXBURY COMMUNITY COLLEGE AND SUPPORT PROGRAMS, PROJECTS AND ACTIVITIES THAT BENEFIT BOTH THE COLLEGE AND ITS STUDENTS. 6 4 0 6 0 0 122064 353088 0 -22928 38382 15226 15946 114362 407416 129401 123397 0 0 32000 0 12053 85161 64977 246562 188374 -132200 219042 2580913 3033661 30821 137969 2550092 2895692 THE FOUNDATION'S MISSION IS TO RAISE FUNDS FROM PRIVATE SOURCES TO SUPPORT THE EDUCATIONAL OPPORTUNITIES FOR THE STUDENTS OF THE ROXBURY COMMUNITY COLLEGE AND SUPPORT PROGRAMS, PROJECTS AND ACTIVITIES THAT BENEFIT BOTH THE COLLEGE AND ITS STUDENTS. 0 0 47434 45506 College Grants- Grants to purchase supplies for the Roxbury Community College nursing program and furniture and fixures for the Cyber Cafe.To provide educational opportunities to 112 non-traditional college students.Academic - Supplemental Instruction (SI) program helps students succeed in class and become better learners by utilizing peer assisted study groups with traditionally difficult academic courses. 20 students participated in the program during 2010.Travel Grant - To support women's basketball team trip to Baltimore MD. 77301 59875 Community Education: ARISE Program - The access and retention in skilled employment program prepares low-income and minority Boston residents for jobs in the health care industry. During 2010 this program serverd 72 residents. General Educational Development (GED) Program - This collaborative with the Dudley Branch Library and the Dudley Literacy Center will help Roxbury students improve skills before taking the GED exam. During 2010 this program served 61 students. 16961 16961 SCHOLARSHIP - TO PROVIDE FURTHER EDUCATION FOR 22 NEEDY STUDENTS WHO HAVE ACHIEVED SCHOLARSHIP HONORS AND ARE RECOGNIZED BY THE FACULTY. 1055 1055 EMERGENCY GRANTS - GRANTS MADE ON AN EMERGENCY BASIS TO THOSE WHO HAVE PROVEN NEEDS. 1055 1055 142751 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 6 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X PAMELA MAKSY GRANTS MGMT ASSOC 6174267080 77 SUMMER ST boston MA 021101006 X Thomas M Simmons 2.50 X X 0 0 0 Sonia L Alleyne-Matthews 2.50 X X 0 0 0 ELIZABETH CLARK 0.50 X 0 0 0 Keith Castle 0.50 X 0 0 0 Judith L Kahalas 0.50 X 0 0 0 CLAUDETTE CROUSE 0.50 X 0 0 0 Sabrina Williams 2.50 X X 0 0 0 DAWN PERRY 2.50 X X 0 0 0 TERRANCE A GOMES 0.50 X 0 0 0 0 0 0 0 0 0 0 0 2140 350948 353088 63756 63756 873804 899178 -25374 -25374 -25374 29454 2140 13508 15946 15946 407416 -25374 0 79702 95186 95186 28211 28211 29471 29471 30851 19354 11497 1323 767 556 2402 2402 MISCELLANEOUS 930 930 188374 142751 33570 12053 17062 45337 501826 751509 27680 80447 4745 4050 1091 1902 2028509 2150416 2580913 3033661 27871 126659 2950 11310 30821 137969 X 12676 44237 763082 1072121 1774334 1779334 2550092 2895692 2580913 3033661 X 0 1 1 X 0 X X X X 0 0 0 ROXBURY COMMUNITY COLLEGE OF ROXBURY MASSACHUSETTS 042726857 2 1 1 1 114540 1 114540 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2030602 5000 156076 50425 2141253 2145071 193909 -305453 2925 2030602 0.03340 0.96670 0 0 0 407416 188374 219042 126558 126558 345600 547482 126558 126558 420924 -13508 -13508 407416 201882 13508 13508 188374 0 188374 Part V, Line 4: Description of Intended Use of Endowment Funds: ENDOWMENT FUNDS ARE RESTRICTED BY THE DONOR AGAINST ANY EXPENDITURE OF PRINCIPAL. THESE FUNDS ARE RESTRICTED FOR VARIOUS SCHOLARSHIP AND LOAN PROGRAMS AS WELL AS VARIOUS ACADEMIC PURPOSES SOLELY FOR ROXBURY COMMUNITY COLLEGE. THE FOUNDATION IS IN THE PROCESS OF ADOPTING THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) GUIDELINES ON THE MANAGEMENT AND INVESTMENT OF ENDOWMENT FUNDS. Part XII, Line 4b - Other Adjustments: SPECIAL EVENT EXPENSE: -13508. Part XIII, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSE: 13508. X X X X 0 GOLF OUTING 26584 2140 24444 2108 11400 26584 2140 24444 2108 11400 13508 10936 1 roxbury community college 1234 columbus avenue roxbury crossing MA 02120 042726857 115 95186 Community Educ.- Access and Retention in Skilled Employement Program 1 Scholarships 22 12449 BOOK SCHOLARSHIPS 28 4512 college grants 112 11250 WILLIAM SAPERS SEE SCHEDULE O 0 Form 990, Part VI, Section A, line 3 The FOUNDATION utilizeS an external consultant, GRANT MANAGMENT ASSOCIATES to do bookkeeping, program administration AND FINANCIAL CONSULTING. Form 990, Part VI, Section B, line 11 A COPY OF THE 990 IS REVIEWED BY THE FINANCE COMMITTEE WHO THEN FORWARDS IT TO THE THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. UPON APPROVAL, THE EXECUTIVE DIRECTOR OF THE FOUNDATION SIGNS THE 990. Form 990, Part VI, Section B, line 12c THE FOUNDATION regularly updateS and distributeS copies of the financial control manual and each director is asked if they have read and understood it. Form 990, Part VI, Section C, line 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE FORWARDED TO THE COLLEGE AND MADE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 2C The Finance Committee and the Board of Directors are responsible for the selection and retention of auditors as well as oversight of the audit of the foundation. Schedule L, Part IV Transactions with Interested persons DURING FISCAL YEAR 2008, THE FOUNDATION PURCHASED A $500,000 SINGLE PREMIUM IMMEDIATE ANNUITY WITH WILLIAM SAPERS, A FORMER BOARD MEMBER, AS THE ANNUITANT. THE FOUNDATION ALSO PURCHASED A $500,000 FLEXIBLE PREMIUM UNIVERSAL LIFE INSURANCE POLICY ON THE ANNUITANT'S LIFE. THE ANNUITANT AND HIS DAUGHTER EACH HAVE A 33% INTEREST IN THE INSURANCE COMPANY. IN 2010, ANNUITY INTEREST INCOME OF $40,096 WAS RECEIVED DIRECTLY BY THE FOUNDATION, NET OF LIFE INSURANCE PREMIUM EXPENSE OF $24,821.