2024-04-19T06:36:01-05:00 2023-06-30 222027092 WITHUM SMITH BROWN PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2022-07-01 042613803 MASSACHUSETTS COLLEGE OF LIBERAL ARTS FOUNDATION INC MASS 4136625221 375 CHURCH STREET NORTH ADAMS MA 01247 ROBERT P ZIOMEK PRESIDENT 4136625221 2024-03-22 1 ROBERT ZIOMEK 999009999 0 CHRISTOPHER PELLAND P01257104 6174711120 2024-03-22 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT P ZIOMEK 375 CHURCH STREET NORTH ADAMS MA 01247 6569721 0 X WWW.MCLA.EDU X 1977 MA TO SUPPORT EDUCATIONAL ACTIVITIES 20 19 0 306 -10050 -59897 2534663 3461383 0 0 1017499 666316 22363 18368 3574525 4146067 1426218 1463813 0 0 0 0 0 177450 262484 433220 242888 1859438 1884151 1715087 2261916 23042592 26146972 2128793 2055129 20913799 24091843 X MASSACHUSETTS COLLEGE OF LIBERAL ARTS FOUNDATION, INC. IS A PRIVATE NON-PROFIT ORGANIZATION DEDICATED TO THE GROWTH, DEVELOPMENT AND SUPPORT OF MASSACHUSETTS COLLEGE OF LIBERAL ARTS AND ITS FACULTY, STAFF AND STUDENTS, WITH SPECIAL EMPHASIS ON ACADEMIC QUALITY AND THE ASSURANCE OF THE ACCESS TO HIGHER EDUCATION THROUGH THE RECEIPT, PROFESSIONAL MANAGEMENT, AND PRUDENT DISBURSEMENT OF FUNDS AND OTHER CHARITABLE CONTRIBUTIONS SECURED THROUGH PRIVATE SOURCES AND GRANT FUNDING. 0 0 1463813 1463813 TO PROMOTE AND SUPPORT THE EDUCATIONAL AND OTHER LEGAL ACTIVITIES OF MASSACHUSETTS COLLEGE OF LIBERAL ARTS AND TO RENDER FINANCIAL AID TO STUDENTS AT MCLA THROUGH CONTRIBUTIONS FROM THE COMMUNITY, ALUMNI, AND PARENTS. 1463813 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 18 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X ROBERT P ZIOMEK 4136625221 375 CHURCH STREET NORTH ADAMS MA 01247 JULIE ARNOLD CHAIR 1.00 X X 0 0 0 JASON DOHANEY VICE CHAIR 1.00 X X 0 0 0 AMY SMITH CLERK 1.00 X X 0 0 0 ROBERT ZIOMEK PRESIDENT 37.50 X X 0 170148 7411 JAMIEELLEN MONCECCHI TREASURER 1.00 X X 0 0 0 MICHAEL AVIS DIRECTOR 0.50 X 0 0 0 MIKE BARBIERI DIRECTOR 0.50 X 0 0 0 ANTHONY BARBOSA DIRECTOR 0.50 X 0 0 0 TARA BARBOZA DIRECTOR 0.50 X 0 0 0 KIMBERLY BOYDEN-BRIONES DIRECTOR 0.50 X 0 0 0 TIMOTHY CHERUBINI DIRECTOR 0.50 X 0 0 0 JEAN CLARKE-MITCHELL DIRECTOR 0.50 X 0 0 0 ANTHONY DOLAN DIRECTOR 0.50 X 0 0 0 FRANCES JONES-SNEED DIRECTOR 0.50 X 0 0 0 MARY NASH DIRECTOR 0.50 X 0 0 0 CHARLES O'BRIEN DIRECTOR 0.50 X 0 0 0 DENISE RICHARDELLO DIRECTOR 0.50 X 0 0 0 CHRYSTINA GEAGAN PARKS DIRECTOR 0.50 X 0 0 0 COLLEEN P TAYLOR DIRECTOR 0.50 X 0 0 0 JUDITH M WILKINSON DIRECTOR 0.50 X 0 0 0 0 170148 7411 0 0 0 0 0 21386 727216 2712781 58416 3461383 427036 427036 231132 214023 17109 17109 27159 -10050 2422566 2183286 239280 239280 239280 27604 21386 26345 1259 1259 4146067 27159 -10050 667575 835460 835460 628353 628353 250 250 23613 23613 177450 177450 73521 73521 4296 4296 18978 18978 20862 10416 10446 11158 2106 9052 4738 2358 2380 6160 6160 SUBSCRIPTIONS, DUES & F 57081 12903 44178 REPAIRS AND MAINTENANCE 21738 21738 RE TAXES 493 493 1884151 1463813 157854 262484 59862 176799 2061055 3208087 2632744 3115290 46764 49365 5080959 1545566 3668192 3535393 14573975 16062038 23042592 26146972 191693 7427 1702930 1626677 234170 421025 2128793 2055129 X 2195414 2335303 18718385 21756540 20913799 24091843 23042592 26146972 X 2261916 944504 -28376 X X 0 1 X 1 0 X 1319014 1686228 908432 2548572 3452400 9914646 91496 95590 112476 128592 169993 598147 1410510 1781818 1020908 2677164 3622393 10512793 939288 9573505 511212 509959 469150 394485 529083 2413889 71121 76861 93033 0 241015 13167697 0.72700 0.64560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16824632 2382976 1537299 1335697 19409210 18832853 1636160 -2343324 1301057 16824632 15470558 1042711 3672401 1352807 18832853 14385655 1558935 497555 971587 15470558 13410040 960168 772691 757244 14385655 0.04018 0.72463 0.23519 0 0 473882 473882 1879937 856311 1023626 2681527 658955 2022572 45613 30300 15313 3535393 MONEY MARKET FUNDS 88901 F MUTUAL FUNDS 14793355 F CORPORATE BONDS 690163 F CERTIFICATES OF DEPOSIT 489619 F 16062038 DUE TO MCLA 421025 421025 X 5427411 944504 169993 240368 1354865 4072546 73521 73521 4146067 2220991 169993 240368 410361 1810630 73521 73521 1884151 PART V, LINE 4: EARNINGS FROM ENDOWMENT FUNDS ARE INTENDED FOR THE SUPPORT OF MASSACHUSETTS COLLEGE OF LIBERAL ARTS. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES, THE STATUTE OF LIMITATIONS MAY REMAIN OPEN INDEFINITELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ALLOCATED TO RENTAL PROPERTY 214,023. EVENT EXPENSES 26,345. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ALLOCATED TO RENTAL PROPERTY 214,023. EVENT EXPENSES 26,345. X X X X X 1 DEMONT & ASSOCIATES PO BOX 15057 PORTLAND ME 04112 PATHWAYS CAMPAIGN 0 2109909 176750 1933159 2109909 176750 1933159 GOLF TOURNAMENT 48990 21386 27604 10045 13660 2640 48990 21386 27604 10045 13660 2640 26345 1259 1 MASSACHUSETTS COLLEGE OF LIBERAL ARTS 375 CHURCH STREET NORTH ADAMS MA 01247 046002284 115 777044 58416 FMV BOOKS, EQUIPMENT SUPPORT OF THE COLLEGE AND ITS MISSION. 1 SCHOLARSHIPS 201 628353 FMV PART I, LINE 2: FIRST, THE FOUNDATION INSPECTS CHARGES TO ENSURE THAT THEY ARE APPROPRIATE AND ALLOWABLE. THIS INCLUDES CHECKING CLERICAL ACCURACY, REVIEWING ENCUMBRANCE BALANCE AND CHECKING COMPLIANCE WITH APPLICABLE AGENCY, CDU, AND FEDERAL GUIDELINES. THE FOUNDATION ALSO MAKES SURE THAT EXPENSES FIT WITHIN THE REQUIRED CATEGORIES AND BUDGET AMOUNTS. THIS INCLUDES REVIEWING EXPENSE CATEGORIES, REBUDGETING OR TRANSFERRING EXPENSES AS NEEDED, AND DETERMINING IF THE AWARD WILL BE UNDER SPENT AT THE END OF THE BUDGET OR PROJECT PERIOD. 0 0 0 0 0 0 0 0 0 ROBERT ZIOMEK PRESIDENT 0 170148 0 0 0 0 0 0 0 7411 0 177559 0 0 X 1 56983 X MISC ITEMS GOLF RAFFLE 10 1433 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B AS PART OF THE FORM 990 REVIEW PROCESS THE FORM 990 NEEDS TO BE REVIEWED BY THE MASSACHUSETTS COLLEGE OF LIBERAL ARTS FOUNDATION BOARD OF DIRECTORS OR WILL BE DELEGATED TO A SUB-COMMITTEE WHERE A MEMBER OF THE FINANCE COMMITTEE WILL BE ABLE TO REVIEW THE RETURN FOR COMPLETENESS AND ACCURACY. ONCE THE FORM 990 HAS BEEN APPROVED BY THE BOARD OF DIRECTORS OR A MEMBER OF THE FINANCE COMMITTEE THE FORM 990 THEN CAN BE FILED WITH THE INTERNAL REVENUE SERVICE AND THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE. FORM 990, PART VI, SECTION B, LINE 12C PERSONS COVERED BY THIS POLICY WILL ANNUALLY DISCLOSE OR UPDATE THE CHAIRMAN OF THE BOARD OF DIRECTORS ON A FORM PROVIDED BY THE MASSACHUSETTS COLLEGE OF LIBERAL ARTS FOUNDATION, INC. THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, SUCH AS A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS, AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OR THOSE OF FAMILY MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE MASSACHUSETTS COLLEGE OF LIBERAL ARTS FOUNDATION, INC. HAS NO EMPLOYEES. THE FOUNDATION INSTEAD USES EMPLOYEES OF MASSACHUSETTS COLLEGE OF LIBERAL ARTS. ALL SALARIES FOR THESE EMPLOYEES ARE PAID BY MASSACHUSETTS COLLEGE OF LIBERAL ARTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH THE USE OF ITS WEBSITE AND THE PUBLISHING OF PRINTED REPORTS. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS -28,376. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE WHOSE PURPOSE IS THE OVERSIGHT AND REVIEW OF THE AUDITED FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MASSACHUSETTS COLLEGE OF LIBERAL ARTS 375 CHURCH STREET NORTH ADAMS MA 01247 046002284 HIGHER EDUCATION MA 115 N/A N/A 0 0 1 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 MASSACHUSETTS COLLEGE OF LIBERAL ARTS B 1463813 FMV MASSACHUSETTS COLLEGE OF LIBERAL ARTS E 421025 FMV MASSACHUSETTS COLLEGE OF LIBERAL ARTS O 169993 FMV MASSACHUSETTS COLLEGE OF LIBERAL ARTS J 231132 FMV