2024-03-11T14:51:00-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2022-07-01 526078381 ANNE ARUNDEL COMMUNITY COLLEGE FOUNDATION INC ANNE 4107772515 101 COLLEGE PARKWAY ARNOLD MD 21012 DANIEL MATHIAS PRESIDENT 4107772515 2024-03-07 1 DANIEL MATHIAS 999009999 0 ROBERT WILLIAMS P01345960 5712279500 2024-03-06 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DANIEL MATHIAS 101 COLLEGE PARKWAY ARNOLD MD 21012 6490109 0 X WWW.AACC.EDU/FOUNDATION X 1967 MD TO SECURE PRIVATE FUNDS THAT INCREASE ACCESS TO HIGHER EDUCATION AND SUPPORT AACC PROGRAMS. 27 27 0 28 0 0 2889481 3147906 1256390 1256390 725900 512624 0 0 4871771 4916920 6330324 1344301 0 0 0 0 0 0 24698 880396 817223 7210720 2161524 -2338949 2755396 29078784 32263911 7981258 6730055 21097526 25533856 X THE ANNE ARUNDEL COMMUNITY COLLEGE FOUNDATION, INC. IS A 501(C)(3) CORPORATION WHOSE MISSION IS TO EXPAND PRIVATE PHILANTHROPY & CULTIVATE PARTNERSHIPS TO ENHANCE AACC'S ABILITY TO SUPPORT STUDENTS & INITIATIVES THAT STRENGTHEN OUR COMMUNITY. 0 0 1092210 1092210 SCHOLARSHIPS:ANNE ARUNDEL COMMUNITY COLLEGE (AACC) 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. 893176 252091 1256390 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. SEE SCHEDULE O FOR ADDITIONAL DETAILS ON PROGRAM SUPPORT DISBURSED IN THE CURRENT YEAR.THESE CONTRIBUTIONS PROTECT THE COLLEGE'S MARGIN OF EXCELLENCE AND ENSURE A REGIONAL VITALITY POWERED BY AN EDUCATED CITIZENRY AND WORKFORCE. 1985386 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X VOLLIE MELSON EXECUTIVE DIRECTOR 4107771494 101 COLLEGE PARKWAY ARNOLD MD 21012 FRANK R CAMPBELL ESQ PRESIDENT 5.00 X X 0 0 0 DAN MATHIAS VICE PRESIDENT 5.00 X X 0 0 0 ERIC KEITZ CPA TREASURER 5.00 X X 0 0 0 REV DR DIANE DIXON-PROCTOR SECRETARY 5.00 X X 0 0 0 CULLEN MURRAY IMMEDIATE PAST PRESIDENT 1.00 X 0 0 0 DR SHAWN ASHWORTH BOARD MEMBER 1.00 X 0 954 0 AMBER BARTLETT BOARD MEMBER 1.00 X 0 2170 0 DR NADINE CHIEN BOARD MEMBER 1.00 X 0 0 0 MICHAEL CRIM BOARD MEMBER 1.00 X 0 0 0 CONOR CURRAN BOARD MEMBER 1.00 X 0 0 0 ETHAN DIETRICH BOARD MEMBER 1.00 X 0 0 0 CARA DUCELLIER BOARD MEMBER 1.00 X 0 0 0 DR RICHARD FAIRCLOTH BOARD MEMBER 1.00 X 0 0 0 MARK HARTZELL BOARD MEMBER 1.00 X 0 0 0 DAVID LEACH BOARD MEMBER 1.00 X 0 0 0 MARK LIBBY BOARD MEMBER 1.00 X 0 0 0 KEVIN LUSBY BOARD MEMBER 1.00 X 0 0 0 JULIE MUSSOG CPA BOARD MEMBER 1.00 X 0 0 0 DAVID ORSO BOARD MEMBER 1.00 X 0 0 0 LOUBEN REPKE BOARD MEMBER 1.00 X 0 0 0 DR MARCIANNA RODRIGUEZ BOARD MEMBER 1.00 X 0 0 0 JOHN ROSSO BOARD MEMBER 1.00 X 0 0 0 DANIEL T RUSSELL BOARD MEMBER 1.00 X 0 0 0 PETE SMITH BOARD MEMBER (THRU MAR 2023) 1.00 X 0 0 0 JAY STRICKLAND BOARD MEMBER 1.00 X 0 0 0 LAWRENCE W ULVILA JR BOARD MEMBER 1.00 X 0 0 0 HOWARD WEINSTEIN ESQ BOARD MEMBER 1.00 X 0 0 0 LAURA WESTERVELT BOARD MEMBER 1.00 X 0 0 0 VOLLIE MELSON EXECUTIVE DIRECTOR 18.00 22.00 X 0 174162 8914 0 177286 8914 0 0 1 0 0 3147906 100900 3147906 RELATED ENTITY RENTAL 900099 1256390 1256390 1256390 488429 488429 1597384 1573189 24195 24195 24195 4916920 1256390 0 512624 1344301 1344301 293 293 20000 20000 83830 83830 5492 430 5062 30033 3000 12951 14082 22190 22190 99415 99415 511 511 20079 6575 7950 5554 209651 209651 322444 322444 3285 3285 2161524 1985386 151440 24698 747185 1716984 521140 498683 1467764 1835505 25900 24442 14399051 6530732 8190763 7868319 17327845 19561854 798187 758124 29078784 32263911 103811 86673 6701495 5822201 919455 618205 256497 202976 7981258 6730055 X 8588699 10305972 12508827 15227884 21097526 25533856 29078784 32263911 2755396 1680934 0 X 0 1 X 1 0 X 2529700 2383079 1851212 2889481 3147906 12801378 2529700 2383079 1851212 2889481 3147906 12801378 4907185 7894193 848288 541084 466823 750228 488429 3094852 15896230 6281780 0.49660 0.49760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10069263 1249831 1299792 238990 48320 12331576 11741659 227471 -1637118 212434 50315 10069263 9037204 265820 2738200 252425 47140 11741659 8958112 194602 91078 167784 38804 9037204 8461072 405352 402660 266859 44113 8958112 0.02888 0.78947 0.18165 0 0 1715025 1715025 12545472 6392178 6153294 118068 118068 0 20486 20486 0 7868319 DUE TO RELATED ORGANIZATION 202976 202976 X 6975491 1680934 461467 2142401 4833090 83830 83830 4916920 2539161 461467 461467 2077694 83830 83830 2161524 PART V, LINE 4: THE ROLE OF THE ENDOWMENT IS TO PROVIDE SUPPORT FOR STUDENT SCHOLARSHIPS AND CURRENT AND FUTURE ACADEMIC PROGRAMS OF THE COLLEGE, WHICH MAY ALSO INCLUDE DIRECT SUPPORT TO MAINTAIN THE FACILITIES HOUSING THESE PROGRAMS. PART X, LINE 2: THE FOUNDATION FOLLOWS THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. 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 MORELIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE FOUNDATION BELIEVES THAT 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 CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2023 AND 2022. 1 ANNE ARUNDEL COMMUNITY COLLEGE 101 COLLEGE PARKWAY ARNOLD MD 21012 520905706 ANNE ARUNDEL COUNTY 252091 0 N/A N/A PROGRAM SUPPORT ANNE ARUNDEL COMMUNITY COLLEGE 101 COLLEGE PARKWAY ARNOLD MD 21012 520905706 ANNE ARUNDEL COUNTY 1092210 0 N/A N/A SCHOLARSHIPS 1 0 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 VOLLIE MELSON EXECUTIVE DIRECTOR 0 174162 0 0 0 0 0 0 0 8914 0 183076 0 0 PART I, LINE 3 COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED AND PAID BY ANNE ARUNDEL COMMUNITY COLLEGE (AACC), THE RELATED ORGANIZATION. AACC DETERMINES COMPENSATION USING A COMPENSATION SURVEY OF COMPARABLE ORGANIZATIONS. COMPARATIVE DATA IS USED TO SET COMPENSATION RANGES THAT ARE USED TO VALIDATE THE APPROPRIATENESS OF INDIVIDUAL SALARIES. THE EXECUTIVE DIRECTOR IS HIRED BY THE COLLEGE AND PERFORMANCE IS EVALUATED ANNUALLY. A ANNE ARUNDEL COUNTY MARYLAND 526000878 035902DB8 2012-07-25 12561409 SEE PART VI 0 0 0 A 6380000 12561409 251228 2003 1 0 1 1 A 0 0 1 0 0 0 0 0 0 A 0 PART I, LINE A(F) TO REFUND PRIOR BONDS ISSUED IN AP X 4 100900 TRADING VALUE 0 0 1 0 PART I, COLUMN (B): NUMBER OF ITEMS CONTRIBUTED FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SHALL CONSIST OF THE PRESIDENT, VICE PRESIDENT, TREASURER, SECRETARY, THE IMMEDIATE PAST PRESIDENT, AND THE CHAIRS OF THE STANDING COMMITTEES. THE EXECUTIVE DIRECTOR OF THE FOUNDATION AND THE PRESIDENT OF ANNE ARUNDEL COMMUNITY COLLEGE SHALL SERVE AS EX-OFFICIO, NON-VOTING MEMBERS BY VIRTUE OF THEIR POSITIONS. THE EXECUTIVE COMMITTEE HAS THE RESPONSIBILITY OF KEEPING THE BUSINESS OF THE BOARD MOVING IN A TIMELY FASHION BETWEEN REGULAR MEETINGS OF THE BOARD AND TO OPERATE WITHIN THE PURVIEW OF THE POLICIES ESTABLISHED BY THE CONSTITUTION AND BY-LAWS. THE EXECUTIVE COMMITTEE SHALL EXERCISE ALL POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS WHEN THE BOARD IS NOT IN SESSION, SUBJECT ONLY TO THE FOLLOWING RESTRICTIONS: (I) THE EXECUTIVE COMMITTEE SHALL HAVE NO AUTHORITY TO ALTER, AMEND OR REPEAL THE ARTICLES OF INCORPORATION OR THE CONSTITUTION AND BY-LAWS OF THE FOUNDATION; (II) THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY TO INCUR FINANCIAL OR CONTRACTUAL OBLIGATIONS ON BEHALF OF THE FOUNDATION UP TO $25,000.00. THE EXECUTIVE COMMITTEE SHALL MEET AS NEEDED BETWEEN THE FULL BOARD MEETINGS. FOUR (4) MEMBERS SHALL REPRESENT A QUORUM OF THE COMMITTEE. MINUTES OF ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED IN WRITING TO THE DIRECTORS WITHIN THIRTY (30) DAYS AFTER EACH MEETING. ALL ACTION ITEMS OF THE EXECUTIVE COMMITTEE SHALL BE INCLUDED IN THE REPORT OF THE COMMITTEE AT THE NEXT REGULARLY SCHEDULED FULL BOARD OF DIRECTORS MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS SHARED WITH THE BOARD ELECTRONICALLY PRIOR TO THE FULL 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 990 ARE PRESENTED BY THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS WITH A CONFLICT OF INTEREST MUST IMMEDIATELY DISCLOSE THEIR INTEREST AT THE OUTSET OF ANY DISCUSSIONS BY THE FOUNDATION PERTAINING TO THE BUSINESS OR ANY OF ITS PRODUCTS OR SERVICES. SUCH DIRECTORS MAY NOT PARTICIPATE IN THE DISCUSSION RELATING TO THAT BUSINESS OTHER THAN TO RESPOND TO QUESTIONS ASKED OF THEM BY OTHER DIRECTORS OF THE FOUNDATION. FURTHERMORE, NO DIRECTOR WITH A CONFLICT OF INTEREST MAY VOTE ON ANY MATTER IN WHICH THE DIRECTOR HAS A CONFLICT OF INTEREST, INCLUDING VOTES TO BLOCK OR ALTER THE ACTIONS OF THE FOUNDATION IN ORDER TO BENEFIT THE BUSINESS IN WHICH THEY HAVE AN INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. ANNE ARUNDEL COMMUNITY COLLEGE 101 COLLEGE PARKWAY ARNOLD MD 21012 520905706 EDUCATIONAL INSTITUTION MD N/A N/A 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 ANNE ARUNDEL COMMUNITY COLLEGE B 1344301 CASH PAID ANNE ARUNDEL COMMUNITY COLLEGE J 1256390 CASH PAID ANNE ARUNDEL COMMUNITY COLLEGE O 461467 ALLOCATED COST