2023-12-19T11:27:38-06:00 2023-06-30 251622758 MAHER DUESSEL CPA'S 1800 LINGLESTOWN ROAD SUITE 306 HARRISBURG PA 17110 990 2022-07-01 232253031 MONTGOMERY COUNTY COMMUNITY COLLEGE FOUNDATION MONT 2156416603 340 DEKALB PIKE BLUE BELL PA 194221412 JOSEPH GALLAGHER CHAIR 2156416603 2023-12-19 1 JOSEPH GALLAGHER 999009999 0 LISA RITTER P00168809 7172321230 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAY BROWNING 340 DEKALB PIKE BLUE BELL PA 194221412 6434247 0 X WWW.MC3.EDU/GIVING X 1983 PA THE FOUNDATION RAISES FUNDS ON BEHALF OF THE MONTGOMERY COUNTY COMMUNITY COLLEGE. 29 28 0 64 0 0 2054688 1522522 0 0 774591 43917 22396 -5910 2851675 1560529 1260691 1429063 0 0 0 0 10600 11405 244943 1026719 1188696 2298010 2629164 553665 -1068635 19265870 21032140 655837 823564 18610033 20208576 X THE MONTGOMERY COUNTY COMMUNITY COLLEGE FOUNDATION IS THE DESIGNATED TAX-EXEMPT CHARITABLE ARM OF THE COLLEGE. THE FOUNDATION'S PURPOSE IS TO RAISE FUNDS TO ASSIST THE COLLEGE IN DEVELOPING PROGRAMS, FACILITIES, AND SERVICES TO ENHANCE AND ENRICH STUDENT LIFE AND TO MAINTAIN A TRADITION OF EDUCATIONAL EXCELLENCE. 0 0 880934 880934 SCHOLARSHIPS: THROUGH THE GENEROUS SUPPORT FROM OUR ALUMNI AND FRIENDS, FOUNDATIONS, CORPORATIONS, AND OTHER VALUED PARTNERS, THE FOUNDATION IS ABLE TO PROVIDE SCHOLARSHIPS AND SUPPORT TO MONTGOMERY COUNTY COMMUNITY COLLEGE STUDENTS. WITH THIS SUPPORT, STUDENTS CONTINUE TO RECEIVE THE EDUCATION AND SKILLS NEEDED TO MAKE A DIFFERENCE IN OUR LOCAL WORKFORCE AND ECONOMY. 548129 548129 COLLEGE PROGRAM: EXPENDITURES WERE MADE TO PROVIDE THE COLLEGE THE NECESSARY FUNDING TO OPERATE VARIOUS EDUCATIONAL PROGRAMS, THE CULTURAL ARTS, AND OTHER MISCELLANEOUS STUDENT SUPPORT SERVICES. THE COLLEGE OFFERS ASSOCIATE IN ARTS (AA), ASSOCIATE IN SCIENCE (AS), AND ASSOCIATE IN FINE ARTS (AFA) DEGREES ALL DESIGNED PRIMARILY FOR STUDENT TRANSFER TO FOUR-YEAR INSTITUTIONS AS WELL AS THE ASSOCIATE IN GENERAL STUDIES (AGS) AND THE ASSOCIATE IN APPLIED SCIENCE (AAS) DEGREES DESIGNED PRIMARILY FOR STUDENTS ENTERING THE WORKFORCE UPON GRADUATION. OUR CERTIFICATES ARE ALSO DESIGNED FOR STUDENTS WHO WISH TO ENTER THE WORKFORCE UPON GRADUATION AND ARE OFTEN SEEN BY STUDENTS AND EMPLOYERS AS AN OPPORTUNITY TO UPGRADE OR GAIN ADDITIONAL SKILLS. FINE ARTS AND TECHNOLOGY:THESE FUNDS WERE EXPENDED IN SUPPORT OF THE FINE ARTS CENTER TO INCREASE OPPORTUNITIES FOR STUDENTS AND COMMUNITY MEMBERS TO PURSUE FORMAL DEGREES AND VOCATIONAL INTERESTS IN THE FINE AND PERFORMING ARTS. FUNDS WERE ALSO EXPENDED TO SUPPORT THE ADVANCED TECHNOLOGY CENTER, WHICH OFFERS PROGRAMS IN BIOTECHNOLOGY, COMMUNICATION, AND COMPUTER SCIENCE, AS WELL AS THE COLLEGE'S INFORMATION TECHNOLOGY OFFICES. FEATURES INCLUDE STATE-OF-THE-ART LABORATORIES, CLASSROOMS, RECORDING STUDIOS, AN OBSERVATORY, TV STUDIO, MONTCO RADIO STATION, AND THE PORTAL CAFE. 1429063 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 0 1 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 0 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA FL AL AK AZ AR CA CO CT DE DC GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR RI SC SD TN TX UT VT VA WA WV WI WY X SHANA WEINZIERL ASSISTANT CONTROLLER 2156416603 340 DEKALB PIKE BLUE BELL PA 19422 DR VICTORIA BASTECKI-PEREZ PRESIDENT 1.00 39.00 X X 0 298680 73273 JOSEPH GALLAGHER CHAIR 1.00 X X 0 0 0 RICHARD COTTOM VICE CHAIR 1.00 X X 0 0 0 ANDREW JAMES SECRETARY 1.00 X X 0 0 0 BRIAN NELSON BOARD MEMBER 1.00 X 0 0 0 JAISRI CHETY BOARD MEMBER 1.00 X 0 0 0 MICHAEL MOORE BOARD MEMBER 1.00 X 0 0 0 ALLISON RISKO BOARD MEMBER 1.00 X 0 0 0 JAMES SANDERS BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER MCDERMOTT BOARD MEMBER 1.00 X 0 0 0 RICHARD BUTTACAVOLI BOARD MEMBER 1.00 X 0 0 0 LINDA LAVAY BOARD MEMBER 1.00 X 0 0 0 TANYA BAMFORD BOARD MEMBER 1.00 X 0 0 0 GIOVAN LANE BOARD MEMBER 1.00 X 0 0 0 KENNETH BAKER BOARD MEMBER 1.00 X 0 0 0 JOHN KOURY JR ESQ BOARD MEMBER 1.00 X 0 0 0 BILL VITIELLO BOARD MEMBER 1.00 X 0 0 0 DONALD LYONS BOARD MEMBER 1.00 1.00 X 0 0 0 VARSOVIA FERNANDEZ BOARD MEMBER 1.00 20.00 X 0 0 0 PAUL BUTTACAVOLI BOARD MEMBER 1.00 X 0 0 0 JIMMY CHONG BOARD MEMBER 1.00 X 0 0 0 BILL ENGLAND BOARD MEMBER 1.00 X 0 0 0 DARRELL GUNTER BOARD MEMBER 1.00 X 0 0 0 JOHN HAN BOARD MEMBER 1.00 X 0 0 0 MANISH INGLE BOARD MEMBER 1.00 X 0 0 0 ADAM SCHUPACK BOARD MEMBER 1.00 X 0 0 0 SHANNON WALKO BOARD MEMBER 1.00 X 0 0 0 JOSEPH WALSH BOARD MEMBER 1.00 X 0 0 0 PHILIP NEEDLES VP FOR ENGAGEMENT & STUDEN 4.00 36.00 X 0 256458 68773 EARL BROWNING EXECUTIVE DIRECTOR 39.00 1.00 X 0 135194 47637 0 690332 189683 0 0 1 0 0 16560 1505962 142383 1522522 561258 561258 4332884 4850225 -517341 -517341 -517341 17583 16560 23493 -5910 -5910 1560529 0 0 38007 1429063 1429063 10754 10754 14900 14900 11405 11405 108777 108777 232273 16273 216000 19712 11715 7997 3301 3301 3992 3602 390 SUPPORT FOR COLLEGE'S P 731198 731198 BAD DEBT 45667 45667 MISCELLANEOUS 6888 5688 1200 PRINTING & PUBLICATIONS 5268 5268 5966 3283 2683 2629164 1429063 955158 244943 3604214 4188572 202566 199303 15424779 16598032 34311 46233 19265870 21032140 350 0 114481 155014 541006 668550 655837 823564 X 2136959 2288965 16473074 17919611 18610033 20208576 19265870 21032140 -1068635 1704310 962868 0 X 0 1 X 1 0 X 1038662 981274 5435296 2054688 1522522 11032442 1038662 981274 5435296 2054688 1522522 11032442 3230062 7802380 426759 330247 289740 482837 561258 2090841 13123283 0.59450 0.59080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11541831 630083 1126165 498816 12799263 13257480 769542 -2014447 470744 11541831 8425575 3063075 2077489 308659 13257480 8495119 292729 -34386 327887 8425575 8271695 290579 341471 408626 8495119 0.00690 0.91530 0.07780 0 0 0 INTERCOMPANY LIABILITY 668550 668550 X 4142423 1704310 962868 2667178 1475245 108777 -23493 85284 1560529 2543880 23493 23493 2520387 108777 108777 2629164 PART V, LINE 4: THE ENDOWMENT FUND EARNINGS FUND STUDENT SCHOLARSHIPS AND COLLEGE PROGRAMS AS SPECIFIED BY THE DONORS. A PERCENTAGE OF THE MARKET VALUE, INCLUDING REALIZED AND UNREALIZED GAINS, IS INCLUDED IN NET ASSETS WITHOUT DONOR RESTRICTION UNLESS THE DONOR SPECIFIES OTHERWISE. THE FOUNDATION POLICY FOR FISCAL YEARS 2023 AND 20222 ALLOWED FOR A PAYOUT OF UP TO 4% OF THE MARKET VALUE AT JUNE 30 OF THE PREVIOUS FISCAL YEAR. PART X, LINE 2: THE FOUNDATION FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THE FOUNDATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE FOUNDATION'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO INTEREST OR PENALTIES WERE RECOGNIZED IN 2023 OR 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISINT EXPENSES -23,493. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 23,493. SHERIFF GOLF OUTING 34143 16560 17583 23169 324 34143 16560 17583 23169 324 23493 -5910 0 MONTGOMERY COUNTY COMMUNITY COLLEGE 340 DEKALB PIKE BLUE BELL PA 19422 231670325 115 1429063 0 N/A N/A $880,934 GOES TO STUDENT SCHOLARSHIPS AND GRANTS AND $548,129 TO PURCHASE PART I, LINE 2: THE FOUNDATION WORKS CLOSELY WITH THE FINANCIAL AID OFFICE OF THE COLLEGE TO ENSURE THE FOUNDATION SCHOLARSHIPS ARE AWARDED TO STUDENTS IN ACCORDANCE WITH THE APPLICABLE DONOR RESTRICTIONS. FOUNDATION FUNDING FOR COLLEGE PROGRAMS ARE APPROVED BY FOUNDATION MANAGEMENT PRIOR TO DISBURSING FUNDS TO THE COLLEGE. $880,934 GOES TO STUDENT SCHOLARSHIPS AND GRANTS, AND $548,129 GOES TO PURCHASE EQUIPMENT, OPERATE STUDENT PROGRAMS, SUPPORT THE ART BARN, ADVANCED TECHNOLOGY CENTER, AND ALUMNI PROGRAMS. 0 0 0 0 0 0 0 0 0 DR VICTORIA BASTECKI-PEREZ PRESIDENT 0 298680 0 0 0 0 0 32855 0 40418 0 371953 0 0 PHILIP NEEDLES VP FOR ENGAGEMENT & STUDEN 0 256458 0 0 0 0 0 28210 0 40563 0 325231 0 0 EARL BROWNING EXECUTIVE DIRECTOR 0 135194 0 0 0 0 0 14871 0 32766 0 182831 0 0 PART I, LINE 3 COMPENSATION FOR OFFICERS IS PAID BY A RELATED ORGANIZATION, MONTGOMERY COUNTY COMMUNITY COLLEGE. THE COLLEGE USES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES. THE COLLEGE SOLICITS A THIRD PARTY CONSULTANT, THE HAY GROUP, WHO DEVELOPS A MATRIX OF GRADES. EACH GRADE HAS A MINIMUM, MIDPOINT, AND MAXIMUM. THE CANDIDATE IS REVIEWED BY HUMAN RESOURCES BASED UPON THEIR KNOWLEDGE, DEGREE, AND EXPERIENCE. HUMAN RESOURCES THEN RECOMMENDS TO THE HIRING PARTY A WRITTEN COMPENSATION PACKAGE THAT INCLUDES THE SALARY RANGE FOR THE POSITION. THERE ARE SEVERAL LEVELS OF REVIEW AND APPROVAL WITH THE BOARD TO RATIFY THE POSITION. A GENERAL STATEMENT APPEARS IN THE BOARD MINUTES WHEN A POSITION HAS BEEN RATIFIED BASED ON BACKGROUND DOCUMENTATION PROVIDED PRIOR TO THE MEETING. X 15 142383 FMV X MISC ITEMS 6 28802 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINAL 990 WILL BE PRESENTED TO THE BOARD FINANCE COMMITTEE FOR REVIEW. THE FULL BOARD WILL RECEIVE A COPY OF THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PURPOSE: THE BOARD OF TRUSTEES OF MONTGOMERY COUNTY COMMUNITY COLLEGE IS COMMITTED TO THE PRINCIPLES OF INTEGRITY, GOOD FAITH AND FAIR DEALING, AND PROFESSIONAL ACCOUNTABILITY IN ALL ITS DEALINGS ON BEHALF OF THE COLLEGE. ACCORDINGLY, THE PURPOSE OF THIS POLICY IS TO PROVIDE GUIDANCE TO MEMBERS OF THIS BOARD WITH RESPECT TO ANY CONFLICT OF INTEREST EXPERIENCED BY THE TOTALITY OF ANY OUTSIDE INTERESTS, CONCERNS, AND RELATIONSHIPS HELD BY ANY INDIVIDUAL MEMBER. POLICY: A CONFLICT OF INTEREST POLICY MAY EXIST WHENEVER THE OUTSIDE INTERESTS, CONCERNS, OR RELATIONSHIPS HELD BY A MEMBER OF THE BOARD OF TRUSTEES, COMPROMISES, OR APPEARS TO COMPROMISE, THAT MEMBER'S FIDUCIARY DUTY TO THE COLLEGE. IN THE COURSE OF DOING COLLEGE BUSINESS, ACTUAL AND POTENTIAL CONFLICTS OF INTEREST ON THE PART OF AN INDIVIDUAL BOARD MEMBER'S OUTSIDE INTERESTS, CONCERNS, AND RELATIONSHIPS, MUST BE DISCLOSED TO THE BOARD AS A WHOLE. THIS DISCLOSURE OF OUTSIDE INTERESTS, CONCERNS, AND RELATIONSHIPS SHOULD BE UPDATED ANNUALLY BY EACH MEMBER OF THE BOARD OF TRUSTEES. WHEN A POTENTIAL CONFLICT OF INTEREST, PREVIOUSLY DISCLOSED, IS SUBSEQUENTLY RELEVANT TO A MATTER IMMEDIATELY BEFORE THE BOARD, IT IS EXPECTED THAT THE BOARD MEMBER WILL BRING IT AGAIN TO THE ATTENTION OF THE BOARD AS A WHOLE. PROCEDURE: MEMBERS OF THE BOARD OF TRUSTEES WILL DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST THROUGH THE COMPLETION AND SUBMISSION OF A WRITTEN QUESTIONNAIRE ON AN ANNUAL BASIS. AFTER DETERMINING THAT A CONFLICT OF INTEREST EXISTS, THE AFFECTED INTERESTED PERSON SHALL WITHDRAW FROM ANY FURTHER INVOLVEMENT IN THE ISSUE, MATTER, OR TRANSACTION CAUSING THE CONFLICT OF INTEREST UNLESS A MAJORITY OF THE DISINTERESTED DIRECTORS DETERMINE THAT THE CONFLICT OF INTEREST IS: (A) IMMATERIAL OR NOT ADVERSE TO THE INTERESTS OF THE FOUNDATION, OR (B) THE BENEFITS OF ALLOWING THE AFFECTED INTERESTED PERSON TO PARTICIPATE IN THE DISCUSSION OR CONSIDERATION, BUT NOT THE FINAL DECISION, OUTWEIGH THE DANGERS; IN WHICH CASE THE AFFECTED INTERESTED PERSON MAY PARTICIPATE IN THE DISCUSSION, STUDY, OR CONSIDERATION OF THE ISSUE, MATTER, OR TRANSACTION, BUT NOT THE FINAL DECISION. THE POLICY IS REVIEWED BY THE ADMINISTRATION AND IF CHANGES ARE REQUIRED, THOSE CHANGES WOULD BE APPROVED BY THE FOUNDATION BOARD. FORM 990, PART VI, SECTION B, LINE 15 MONTGOMERY COUNTY COMMUNITY COLLEGE HAS THE RESPONSIBLITY OF DETERMINING COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES. THE COLLEGE SOLICITS A THIRD PARTY CONSULTANT, THE HAY GROUP, WHO DEVELOPS A MATRIX OF GRADES. EACH GRADE HAS A MINIMUM, MIDPOINT, AND MAXIMUM. THE CANDIDATE IS REVIEWED BY HUMAN RESOURCES BASED UPON THEIR KNOWLEDGE, DEGREE, AND EXPERIENCE. HUMAN RESOURCES THEN RECOMMENDS TO THE HIRING PARTY A WRITTEN COMPENSATION PACKAGE THAT INCLUDES THE SALARY RANGE FOR THE POSITION. THERE ARE SEVERAL LEVELS OF REVIEW AND APPROVAL WITH THE BOARD TO RATIFY THE POSITION. A GENERAL STATEMENT APPEARS IN THE BOARD MINUTES WHEN A POSITION HAS BEEN RATIFIED BASED ON BACKGROUND DOCUMENTATION PROVIDED PRIOR TO THE MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. MONTGOMERY COUNTY COMMUNITY COLLEGE 340 DEKALB PIKE BLUE BELL PA 194221412 231670325 EDUCATION OF COLLEGE STUDENTS PA 115 0 N/A 0 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 MONTGOMERY COUNTY COMMUNITY COLLEGE B 548129 COST