2011-05-02T12:56:59-05:00 2010-06-30 BDO USA LLP 7101 Wisconsin Ave Suite 800 Bethesda MD 208144827 990 2009-07-01 526078381 ANNE ARUNDEL COMMUNITY COLLEGE FOUNDATION INC ANNE 4107772515 101 COLLEGE PARKWAY ARNOLD MD 21012 Alan J Hyatt 4107772515 2011-05-02 1 Joyce M Underwood 3016544900 2009 2016-02-24 21:20:13Z Alan J Hyatt 101 COLLEGE PARKWAY ARNOLD MD 21012 3982032 0 X http://www.aacc.edu/foundation X 1967 MD Since 1961, AACC has opened the doors of higher education for tens of thousands of students each year - turning out productive workers and citizens who make our beautiful county and region the vital and healthy place it is today. Fully 70% of the Anne Arundel County high school graduates (from both public and private schools) who attend college in Maryland choose Anne Arundel Community College. In 1989, the year that Anne Arundel Community College's Foundation was incorporated, there were 42,064 students at AACC. Today, the college provides educational opportunities to more than 56,000 students (and growing) each year, AACC touches the lives of a sizeable majority of our region's residents through degree and certificate programs, continuing education/professional development, and personal enrichment classes. Further, AACC is one of the leading colleges in Maryland for Continued on next page of schedule O 24 24 0 30 0 0 1078761 999816 1252792 1252798 263458 229014 -69286 -66755 2525725 2414873 590474 535260 0 0 0 79682 1502765 1509516 2093239 2044776 432486 370097 20195731 20584554 14893234 14454289 5302497 6130265 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 1458017 168564 1252798 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. 366696 366696 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. 1824713 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 MD X X Stacey Heckel 4107772515 101 COLLEGE PARKWAY ARNOLD MD 21012 X H Stafford Bullen III 1.00 X 0 0 0 Kimberly M Burns 1.00 X 0 0 0 John W Cantrell 1.00 X 0 0 0 Karen L Cook 1.00 X 0 98624 20342 Andrew Coyne 1.00 X 0 0 0 Arthur D Ebersberger 1.00 X 0 0 0 Angela Ewell-Madison 1.00 X 0 0 0 Mary Iliff Ewenson 1.00 X 0 0 0 Jason L Groves 1.00 X 0 0 0 F Carter Heim 5.00 X X 0 0 0 Alan J Hyatt 5.00 X X 0 0 0 J Mitchell Krebs 5.00 X X 0 0 0 Andrew McAlexander 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 R Dixon-Proctor 1.00 X 0 0 0 Dominic J Souza 1.00 X 0 0 0 Egypt Kosloski 1.00 X 0 0 0 John N Strange Esq 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 0 0 0 Susan Zuhowski 1.00 X 0 0 0 Mark Powell 1.00 X 0 0 0 Newt Gentry 1.00 X 0 0 0 Stacey Sickels Heckel 30.00 X 0 131876 23766 0 230500 44108 0 0 1 0 0 95833 903983 19723 999816 RENTAL 900099 1252798 1252798 1252798 186792 186792 1512702 1470480 42222 42222 42222 34350 95833 96679 -62329 -62329 Net loss from pass thr 900099 -4426 -4426 -4426 2414873 1252798 0 162259 535260 535260 12000 12000 9350 9350 27646 27646 12608 12608 4931 2388 2543 93228 38348 54880 18995 18995 118593 118593 4352 4352 6271 6271 731629 731629 393045 393045 2813 2813 Event Sponsorship 30953 30953 Gifts-in-kind 16140 16140 Catering 12876 10447 2429 Taxes and Fees 3151 3151 10935 2625 4620 3690 2044776 1824713 140381 79682 478804 749744 504416 363302 637615 386118 11450 7092 8262 13261169 2911932 10713964 10349237 3753374 4736867 2147518 2085739 1952948 1893835 20195731 20584554 42951 29587 14575000 14160000 275283 264702 14893234 14454289 X -1370225 -873033 1794713 1816170 4878009 5187128 5302497 6130265 20195731 20584554 X 0 1 1 X 0 X 954288 626110 748869 1078761 999816 4407844 954288 626110 748869 1078761 999816 4407844 1224888 3182956 188957 233583 217868 185305 182366 1008079 77846 78024 143883 30040 34350 364143 5780066 6100084 0.55070 0.52820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4441164 272814 464168 96642 23084 5058420 5243832 372762 -952050 203077 20303 4441164 0.96100 0.03900 0 0 12545472 2200412 10345060 381630 380961 669 334067 330559 3508 10349237 commonfund realty investors llc 1647 F Remainder Interest in Real Estate 535000 F Hatteras Multi-Strategy TEI Fund, LP 373778 F Bond Proceeds inv in guar inv trusts 1175314 F 2085739 BOND FINANCE FEES, NET 687456 CURRENT AND DEFERRED RENT RECEIVABLE 1206379 1893835 ACCRUED INTEREST PAYABLE 239842 DUE TO COLLEGE 24860 264702 2414873 2044776 370097 453245 4426 457671 827768 3347305 453245 378082 831327 2515978 -101105 -101105 2414873 2519537 378082 378082 2141455 -96679 -96679 2044776 Part V, Line 4: Description of Intended Use of Endowment Funds: 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. Part X: Description of Uncertain Tax Positions Under FIN 48: 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: 4426. Part XII, Line 4b - Other Adjustments: fundraising expenses netted with special event income: -96679. book to tax adjustment for passthrough loss: -4426. Part XIII, Line 4b - Other Adjustments: fundraising expenses netted with special event income: -96679. Gala 96083 72521 23562 82284 Golf Tournament 34100 23312 10788 14395 130183 95833 34350 96679 96679 -62329 1 ANNE ARUNDEL COMMUNITY COLLEGE 101 COLLEGE PARKWAY AMOLD MD 21012 520905706 115 366696 Scholarships ANNE ARUNDEL COMMUNITY COLLEGE 101 COLLEGE PARKWAY AMOLD MD 21012 520905706 115 168564 Program support 1 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. 0 0 0 0 0 0 0 0 0 Stacey Sickels Heckel 0 131876 0 0 0 0 0 0 0 23766 0 155642 0 0 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. Form 990, Part XI, Line 2c Oversight of audit There have been no changes during the year in the process for oversight of the audit of the financial statements. Form 990, Part I, line 1 Description of Organization Mission: Continued from Page 1 - transfers and partnerships with four-year institutions. And we remain one of the state's most competitive for tuition. Our dedication to excellence means that we are at the cutting edge in many program areas. The community's exploding education and workforce needs require expanding resources as well. While AACC receives strong support from both Anne Arundel county and state funding, Anne Arundel community college's valuable partner in revenue generation and support is AACC Foundation, Inc. The work of the foundation helps assure that the college retains its dynamic environment for learning and is responsive to the needs of our students as well as to the need to maintain our high standards of excellence and meet exploding educational and workforce needs in this age of the knowledgeable worker. Endowment funds strengthen and sustain the college now and for generations to come. Leadership gifts can set up student scholarship funds, support academic initiatives, establish and maintain technology labs and labs for allied health, create campus lecture and performance funds, and much more. Private gifts and bequests can support the construction and renovation of key campus buildings, including classrooms and student life facilities. Supporters of Anne Arundel Community College can also provide funds to support programmatic ventures, such as state-of-the-art technology projects, faculty research and innovative curricular development. And so it's no wonder that our students succeed. Our pass rates in the Hotel Culinary Arts and Tourism (HCAT), Nursing and the Allied Health fields are regularly at 100% and far surpass state and national pass rates. AACC's architecture students won first-place and a special citation of merit at the American Institute of Architects (AIA) awards program for community colleges. Our athletic teams regularly win regional and national championship titles. 34% of all 2009 high school graduates in Anne Arundel County are enrolled as freshmen at Anne Arundel Community College. AACC's class of 2010 saw 1,672 graduates receive 1,247 degrees and 363 certificates. Upon graduation, many of our students transfer to four-year institutions. We have the best transfer and graduation rate for full-time students among our peer colleges. More than 700 students were enrolled in courses through the AACC University Consortium (our partnership with four-year institutions) in the 2008-09 academic year alone. With more than 75% of our students and graduates remaining in Anne Arundel County to live and work, they have a significant economic impact. Anne Arundel Community College 101 College Parkway Arnold MD 21012 520509706 Educational Institution MD 115 N/A 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0