2025-05-15T14:58:17-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2023-07-01 521886179 THE CARROLL COMMUNITY COLLEGE FOUNDATION INC CARR 4103868150 1601 WASHINGTON ROAD WESTMINSTER MD 21157 STEVEN WANTZ EXECUTIVE DIRECTOR 4103868150 2025-05-15 1 0 CHICHI M MSANGI P01972113 5712279500 2025-05-15 2023 2025-03-06 01:10:19Z STEVEN WANTZ 1601 WASHINGTON ROAD WESTMINSTER MD 21157 8744798 0 X WWW.CARROLLCC.EDU/FOUNDATION X 1994 MD PROVIDE SUPPORT TO CARROLL COMMUNITY COLLEGE. 16 16 0 45 0 0 4007305 3301601 0 0 1009036 979728 31901 26294 5048242 4307623 1130707 956191 0 0 0 0 0 0 0 60131 79609 1190838 1035800 3857404 3271823 23569667 28835665 31696 71511 23537971 28764154 THE FOUNDATION IS A NON-PROFIT CORPORATION DEDICATED TO THE DEVELOPMENT OF FINANCIAL RESOURCES FOR THE COLLEGE TO SUPPORT THE EDUCATIONAL NEEDS OF ALL STUDENTS, BUSINESSES AND THE ENTIRE COMMUNITY. 0 0 956191 956191 0 THE FOUNDATION PROVIDES SCHOLARSHIP FUNDS TO QUALIFIED STUDENTS OF CARROLL COMMUNITY COLLEGE AS WELL AS EQUIPMENT AND OTHER SUPPORT DIRECTLY TO THE COLLEGE. IN THE CURRENT YEAR, 186 SCHOLARSHIPS WERE AWARDED. 956191 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MD X STEVE WANTZ EXECUTIVE DIRECTOR 4103868154 1601 WASHINGTON ROAD WESTMINSTER MD 21157 LORENE SHIFFLER PRESIDENT 5.00 X X 0 0 0 BENJAMIN SCHEPER VICE PRESIDENT 5.00 X X 0 0 0 VIRGINIA HARRISON SECRETARY 3.00 X X 0 0 0 KEITH BRYAN DIRECTOR 3.00 X 0 0 0 STEVEN AQUINO DIRECTOR 3.00 X 0 0 0 TONY CHIAVACCI DIRECTOR 3.00 X 0 0 0 JOSEPH DIMAGGIO DIRECTOR 3.00 X 0 0 0 GARY HARRIS DIRECTOR 3.00 X 0 0 0 BERNARD JONES SR DIRECTOR 3.00 X 0 0 0 DANTE LIBERATORE DIRECTOR 3.00 X 0 0 0 EMILY BOLLINGER MILLER DIRECTOR 3.00 X 0 0 0 MARGARET WELLIVER DIRECTOR 3.00 X 0 0 0 DENISE LEWIS DIRECTOR 3.00 X 0 0 0 ALISON MARTIN DIRECTOR 3.00 X 0 0 0 BRIAN WOLFE DIRECTOR 3.00 X 0 0 0 LORI SULLIVAN DIRECTOR 3.00 X 0 0 0 STEVEN WANTZ EXECUTIVE DIRECTOR 40.00 X 0 150895 59766 0 150895 59766 0 0 1 0 0 143505 3158096 251957 3301601 617177 617177 4736280 4373729 362551 362551 362551 89740 143505 63446 26294 26294 4307623 0 0 1006022 485103 485103 471088 471088 79609 79609 1035800 956191 79609 0 1156579 1478504 2610508 2655040 447 2663 19155564 24052889 646569 646569 23569667 28835665 31696 71511 31696 71511 X 6467020 8283803 17070951 20480351 23537971 28764154 23569667 28835665 X 3271823 1928544 25816 X 0 1 X 1 0 X 1047166 1478045 958504 4007305 3301574 10792594 501185 456820 653771 667771 974486 3254033 1548351 1934865 1612275 4675076 4276060 14046627 3139385 10907242 284897 276453 542391 519226 617177 2240144 73451 39016 62373 91410 89740 355990 16642761 0.65540 0.69230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 646569 X X X EDUCATIONAL 0 12550071 2166191 1653559 134006 16235815 10471317 928700 1222719 72665 12550071 12212396 383888 -2028956 96011 10471317 9787050 161505 2337778 73937 12212396 9169761 418700 228454 29865 9787050 0.00000 0.00000 1.00000 0 0 0 X 7156860 1928544 974486 25816 2928846 4228014 79609 79609 4307623 1930677 974486 974486 956191 79609 79609 1035800 PART III, LINE 4: THE ART COLLECTION CONSISTS OF VARIOUS PAINTINGS AND DRAWINGS BY HIRAM WILLIAMS. THE RELATED ORGANIZATION HAS DECIDED TO SHOWCASE SEVERAL OF THE PAINTINGS IN VARIOUS LOCATIONS AROUND THE CAMPUS, AS WELL AS USE THEM AS TEACHING TOOLS IN THE ART DEPARTMENT. PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS CONSIST OF 100 FUNDS ESTABLISHED TO SUPPORT A VARIETY OF SCHOLARSHIPS AT CARROLL COMMUNITY COLLEGE. ITS ENDOWMENTS CONSIST OF DONOR-RESTRICTED ENDOWMENT FUNDS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM TAXATION UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO INCOME TAX EXPENSE HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. 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 MORE LIKELY-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 OR RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON COLLECTIBLE PLEDGES 25,816. STARRY NIGHT GALA 233245 143505 89740 63446 233245 143505 89740 63446 63446 26294 1 CARROLL COUNTY COMMUNITY COLLEGE 1601 WASHINGTON ROAD WESTMINSTER MD 21157 521806923 SECTION 115 485103 0 N/A N/A TO PROVIDE COLLEGE SUPPORT 1 0 SCHOLARSHIPS 186 471088 N/A N/A PART I, LINE 2: THE FINANCIAL AID OFFICE OF THE COLLEGE ENSURES THAT STUDENTS DO NOT DROP CLASSES, REMAIN IN THEIR FULL OR PART-TIME STATUS AS REQUIRED BY THEIR SCHOLARSHIP, AS WELL AS MEET CRITERIA OF SCHOLARSHIP, AND WITHHOLD FUTURE SEMESTER AMOUNTS IF CRITERIA IS NOT MET. 0 0 0 0 0 0 0 0 0 STEVEN WANTZ EXECUTIVE DIRECTOR 0 150395 0 500 0 0 0 23380 0 36386 0 210661 0 0 PART I, LINE 3 THE TOP MANAGEMENT OFFICIAL'S COMPENSATION IS PAID BY CARROLL COUNTY COMMUNITY COLLEGE, A RELATED TAX-EXEMPT ORGANIZATION. THE COLLEGE USED A WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. X 2 216354 AVG STOCK VALUE X AUCTION ITEMS 95 35603 REPLACEMENT COST 0 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE MAY TAKE ACTION BETWEEN FULL BOARD MEETINGS OF TIME SENSITIVE DECISIONS. ALL ACTIONS ARE REPORTED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11B BEFORE THE 990 WAS FILED THE 990 WAS SENT TO THE FOUNDATION BOARD OF DIRECTORS VIA EMAIL FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IS AN INTERESTED PERSON. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. THE MINUTES OF THE GOVERNING BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN: THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE GOVERNING BOARD'S OR COMMITTEE'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED; THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS. 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. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES 25,816. CARROLL COUNTY COMMUNITY COLLEGE 1601 WASHINGTON ROAD WESTMINSTER MD 21157 521806923 COLLEGE MD SECTION 115 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CARROLL COUNTY COMMUNITY COLLEGE B 485103 CASH