2023-10-02T08:20:13-05:00 2023-06-30 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVENUE SUITE 250 OWINGS MILLS MD 21117 990 2022-07-01 521272329 HOWARD COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC HOWA 4435181970 10901 LITTLE PATUXENT PARKWAY COLUMBIA MD 21044 ALISON CANNING CHAIRPERSON 4435181970 2023-09-19 1 ALISON CANNING XXX-XX-XXXX 0 MONIQUE BOOKER P00644231 4105840060 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALISON CANNING 10901 LITTLE PATUXENT PARKWAY COLUMBIA MD 21044 6630429 0 X WWW.HOWARDCC.EDU/FOUNDATION X 1978 MD SUPPORTING STUDENT SUCCESS AT HOWARD COMMUNITY COLLEGE. SEE SCHEDULE O. 22 22 0 149 0 0 2930393 4720371 0 0 805273 837038 -33387 -70559 3702279 5486850 2469711 2995170 0 0 869217 979665 0 0 481263 43110 114475 3382038 4089310 320241 1397540 15584506 17788713 313678 437058 15270828 17351655 X THE MISSION OF THE HOWARD COMMUNITY COLLEGE EDUCATION FOUNDATION, INC. IS TO IMPROVE LIVES AND CREATE OPPORTUNITIES BY FUNDING PATHWAYS TO STUDENT SUCCESS AT HOWARD COMMUNITY COLLEGE. AS COMPARATIVELY AFFORDABLE AS HCC IS, NEARLY HALF OF ALL STUDENTS RECEIVE SOME FORM OF FINANCIAL ASSISTANCE. SCHOLARSHIPS ALONG WITH FINANCIAL SUPPORT FOR PROGRAMS ALLOW STUDENTS TO REACH THEIR EDUCATIONAL GOALS. 0 0 1041318 1041318 EACH YEAR THE FOUNDATION FUNDS PROGRAMS FOR THE BENEFIT OF HOWARD COMMUNITY COLLEGE AND ITS FACULTY AND STUDENTS. 1953852 1953852 EACH YEAR THE FOUNDATION FUNDS SCHOLARSHIPS AWARDED BY HOWARD COMMUNITY COLLEGE. 2995170 1 1 0 0 0 0 0 0 0 1 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 1 0 0 0 0 1 0 0 0 1 3 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X X MELISSA MATTEY 4435181970 10901 LITTLE PATUXENT PARKWAY COLUMBIA MD 21044 PAUL GLEICHAUF CHAIRPERSON 1.00 X 0 0 0 ALISON CANNING VICE CHAIRPERSON 1.00 X 0 0 0 SHAUN EDDY TREASURER-INVESTMENTS 1.00 X 0 0 0 SEAN HOUGH TREASURER-FINANCE 1.00 X 0 0 0 DARIA WILLIS SECRETARY, EX-OFFICIO 10.00 60.00 X X 0 280217 58280 GULNAZ ANWAR BOARD MEMBER 1.00 X 0 0 0 CHARLIE CAMP BOARD MEMBER 1.00 X 0 0 0 U MICHAEL CURRIE BOARD MEMBER 1.00 X 0 0 0 MATT D'AMICO BOARD MEMBER 1.00 X 0 0 0 ELYSE DEVRIES BOARD MEMBER 1.00 X 0 0 0 DAVID DOGGETTE BOARD MEMBER 1.00 X 0 0 0 CHRIS GALLANT BOARD MEMBER 1.00 X 0 0 0 TARA HART FACULTY LIASON, EX-OFFICIO 1.00 X 0 0 0 ROBERT HOGUE BOARD MEMBER 1.00 X 0 0 0 TIM HUGHES BOARD MEMBER 1.00 X 0 0 0 DAVID KAY BOARD MEMBER 1.00 X 0 0 0 VIVIAN MOORE LAWYER BOARD MEMBER 1.00 X 0 0 0 LISA NUGENT BOARD MEMBER 1.00 X 0 0 0 CARL PERKINS BOARD MEMBER 1.00 X 0 0 0 TRACY PUGH BOARD MEMBER 1.00 X 0 0 0 ERIC REGELIN BOARD MEMBER 1.00 X 0 0 0 WILLIAM SAWAY BOARD MEMBER 1.00 X 0 0 0 TRISH SCHNEIDER BOARD MEMBER 1.00 X 0 0 0 DANIELLE SMITH BOARD MEMBER 1.00 X 0 0 0 ANGELA WILLIAMS BOARD MEMBER 1.00 X 0 0 0 MELISSA MATTEY EXECUTIVE DIRECTOR, EX-OFFICIO 40.00 20.00 X 0 131866 36092 0 412083 94372 0 0 1 0 0 419691 53958 4246722 35423 4720371 386008 386008 1480755 1029725 451030 451030 451030 43295 419691 113854 -70559 -70559 5486850 0 0 766479 2995170 2995170 979665 498402 481263 84330 84330 6563 6563 300 300 3990 3990 CONTRACTED SERVICES 11500 11500 BANK CHARGES 7458 7458 BAD DEBT EXPENSE 334 334 4089310 2995170 612877 481263 932633 406739 231585 1855382 22128 22153 14261623 15358093 136537 146346 15584506 17788713 3000 1457 153400 250986 157278 184615 313678 437058 X 1463657 1528265 13807171 15823390 15270828 17351655 15584506 17788713 1397540 683287 0 X X 0 0 0 X 2223029 3186260 1790319 2926654 4720371 14846633 2223029 3186260 1790319 2926654 4720371 14846633 329208 14517425 227051 256493 209941 343345 386345 1423175 16269808 0.89230 0.84680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11916667 751160 1147209 887786 12927250 14346111 269498 -1899049 799893 11916667 11499692 471497 2659077 284155 14346111 10863022 741304 392502 497136 11499692 10580386 372078 584510 673952 10863022 0.04000 0.83000 0.13000 1 0 0 DUE TO HOWARD COMMUNITY COLLEGE 184615 184615 X 6201738 683287 115931 799218 5402520 84330 84330 5486850 4120911 115931 115931 4004980 84330 84330 4089310 PART V, LINE 4: TO PROVIDE SCHOLARSHIP AND PROGRAM SUPPORT TO HOWARD COMMUNITY COLLEGE. PART X, LINE 2: THE FOUNDATION HAS BEEN GRANTED AN EXEMPTION BY THE INTERNAL REVENUE SERVICE (IRS) FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE IRS HAS ALSO DETERMINED THAT THE FOUNDATION IS NOT A PRIVATE FOUNDATION. THE FOUNDATION IS REQUIRED TO REPORT UNRELATED BUSINESS INCOME TO THE IRS. THE FOUNDATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE IRS AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE FOUNDATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE FOUNDATION'S FINANCIAL POSITION OR RESULTS OF ACTIVITIES. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AS OF JUNE 30, 2023 AND 2022. AS OF JUNE 30, 2022, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2019 THROUGH 2022 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE FOUNDATION FILES TAX RETURNS. IT IS THE FOUNDATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 115,931. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 115,931. PART XII, LINE 4B - OTHER ADJUSTMENTS: IN-KIND CONTRIBUTION VINO SCHOLASTICO 114516 107480 7036 361 1676 1000 6796 HCC CHALLENGE 124275 122145 2130 448 1452 362 7906 2 224195 190066 34129 2014 83104 950 7785 462986 419691 43295 2823 86232 2312 22487 113854 -70559 1 HOWARD COMMUNITY COLLEGE 10901 LITTLE PATUXENT PARKWAY COLUMBIA MD 21045 520900106 115 2968388 26783 BOOK VALUE VARIOUS IN-KIND CONTRIBUTIONS. SEE PART IV PART I, LINE 2: GRANTS ARE GIVEN TO HOWARD COMMUNITY COLLEGE, WHO MONITORS THE USE OF THEM FOR SCHOLARSHIPS AND OTHER PROGRAM USES. 0 0 0 0 0 0 0 0 0 DARIA WILLIS SECRETARY, EX-OFFICIO 0 280217 0 0 0 0 0 35669 0 22611 0 338497 0 0 MELISSA MATTEY EXECUTIVE DIRECTOR, EX-OFFICIO 0 131866 0 0 0 0 0 18671 0 17421 0 167958 0 0 X VARIOUS OTHER MERCHANDISE 1 28860 FAIR MARKET VALUE X OFFICE SPACE 1 6563 BOOK VALUE 0 1 0 FORM 990, PART I, LINE 1 THE HOWARD COMMUNITY COLLEGE EDUCATIONAL FOUNDATION CREATES OPPORTUNITIES FOR STUDENTS BY FUNDING PATHWAYS TO SUCCESS. EDUCATION CAN BE THE KEY TO A BETTER CAREER AND A BRIGHTER FUTURE, BUT NEARLY HALF OF ALL STUDENTS AT HOWARD COMMUNITY COLLEGE NEED SOME FORM OF FINANCIAL ASSISTANCE. THROUGH COMMUNITY PARTNERSHIPS AND INDIVIDUAL SUPPORT, THE HOWARD COMMUNITY COLLEGE EDUCATIONAL FOUNDATION PROVIDES CRITICALLY IMPORTANT SCHOLARSHIPS AND SERVICE TO HELP STUDENTS REALIZE THEIR EDUCATIONAL GOALS. ALL DONATIONS TO THE HOWARD COMMUNITY COLLEGE EDUCATIONAL FOUNDATION GO DIRECTLY TOWARD STUDENT SCHOLARSHIPS, ACADEMIC PROGRAMS, OR ESSENTIAL STUDENT SERVICES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO SUBMITTING THE FINAL VERSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF THE BOARD OF DIRECTORS MEETING, THE FOUNDATION BOARD CHAIR REVIEWS THE CONFLICT OF INTEREST AND CONFIDENTIALITY POLICY AND BOARD MEMBERS, AS WELL AS OFFICERS, ARE GIVEN AN OPPORTUNITY TO BRING FORWARD ANY CONFLICTS OF INTEREST. BOARD MEMBERS AND STAFF ARE REQUIRED TO SIGN CONFLICT OF INTEREST AND CONFIDENTIALITY STATEMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. HOWARD COMMUNITY COLLEGE 10901 LITTLE PATUXENT PARKWAY COLUMBIA MD 21044 520900106 INSTITUTION OF HIGHER EDUCATION MD 115 LINE 2 N/A 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 HOWARD COMMUNITY COLLEGE B 2995170 BOOK VALUE HOWARD COMMUNITY COLLEGE O 979665 BOOK VALUE HOWARD COMMUNITY COLLEGE N 6563 BOOK VALUE