2025-03-19T14:39:39-05:00 2024-06-30 WITHUMSMITHBROWNPC 4600 EAST-WEST HIGHWAY SUITE 900 BETHESDA MD 20814 990 2023-07-01 237136083 MOUNT WACHUSETT COMMUNITY COLLEGE FOUNDATION INC % CARLA ZOTTOLI MOUN 9786326600 444 GREEN STREET GARDNER MA 01440 CARLA ZOTTOLI EXECUTIVE DIRECTOR 9786326600 2025-05-15 true true Richard Ruvelson P00234075 3012726000 2023 2025-03-06 01:10:19Z CARLA ZOTTOLI 444 GREEN STREET GARDNER MA 01440 1208968 false X http://mwcc.edu/giving/ X 1971 MA AWARDING OF GRANTS AND SCHOLARSHIPS. 14 12 0 14 0 0 688754 1000821 0 0 23009 55917 108231 106030 819994 1162768 730498 921328 0 0 0 0 0 0 48600 115691 98043 846189 1019371 -26195 143397 9294735 10615901 76235 213049 9218500 10402852 TO SECURE TIME, TALENT, AND TREASURE FROM PRIVATE AND PUBLIC SOURCES THAT WILL ENABLE THE COLLEGE TO PROVIDE ACCESSIBLE, AFFORDABLE EDUCATION, AND TO IMPLEMENT, SOCIAL, ECONOMICAL AND CULTURAL INITIATIVES. false false 640764 640764 FOSTERING AND PROMOTING EXCELLENCE IN EDUCATION AND RESEARCH THROUGH GRANTS AND ASSISTING IN THE GROWTH AND IMPROVEMENT OF THE COLLEGE. 280564 280564 TO PROVIDE FINANCIAL ASSISTANCE THROUGH SCHOLARSHIPS AND AWARDS TO QUALIFIED STUDENTS. 921328 true true false false false false false false false true true true false true true true true false false false false false false false false false false true true false false false false false false false false false true false false false false true false true false true 0 0 0 false false false false false false false false false false false false X 14 12 false false false false false false false true true false false false true true true true true false false false MA X CARLA ZOTTOLI 9786326600 444 GREEN STREET GARDNER MA 01440 CARLA ZOTTOLI EXECUTIVE DIRECTOR 9.0 37.5 X X 0 127515 10142 NICHOLAS COCHRANE DIRECTOR 1.0 0.0 X 0 90388 8357 ARTHUR FEEHAN CHAIR 1.0 0.0 X X 0 0 0 JEANIE CONNOLLY VICE CHAIR 1.0 0.0 X X 0 0 0 SCOT BARRETT TREASURER 1.0 0.0 X X 0 0 0 KEITH BOISSINEAU DIRECTOR 1.0 0.0 X 0 0 0 WALTER J DWYER IV DIRECTOR 1.0 0.0 X 0 0 0 MELISSA GLENNY DIRECTOR 1.0 0.0 X 0 0 0 RAYMOND F LAFOND DIRECTOR 1.0 0.0 X 0 0 0 ROY NASCIMENTO DIRECTOR 1.0 0.0 X 0 0 0 ANDREW COLAMETA DIRECTOR 1.0 0.0 X 0 0 0 MARC SURETTE DIRECTOR 1.0 0.0 X 0 0 0 HENRY TESSMAN DIRECTOR 1.0 0.0 X 0 0 0 RAYMOND J MARTINO DIRECTOR 1.0 0.0 X 0 0 0 0 217903 18499 0 false false false 0 11500 458246 531075 86479 1000821 0 54084 54084 0 0 149840 42945 106895 0 106895 106895 4173 2340 1833 1833 1833 50 11500 915 -865 0 0 0 0 0 0 0 1162768 106895 55917 640764 640764 280564 280564 0 0 0 0 0 0 0 0 67852 19252 48600 0 12561 12561 0 0 4173 4173 0 0 1161 1161 0 0 0 0 0 120 120 317 317 0 0 3532 3532 Licensing 6177 6177 DUES AND SUBSCRIPTIONS 1626 1626 ANNUAL REPORT 524 524 1019371 921328 49443 48600 294889 312526 6716 626294 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1301544 55460 1240733 1246084 254639 301028 5327544 5834666 0 0 0 0 2170214 2295303 9294735 10615901 26235 163049 0 0 0 50000 0 0 0 0 0 0 0 0 0 0 50000 0 76235 213049 X 3993910 4730993 5224590 5671859 9218500 10402852 9294735 10615901 X 143397 815866 225089 X X false true X true false X 977210 591393 812579 688754 1000871 4070807 0 33800 33300 43800 45000 64000 219900 1011010 624693 856379 733754 1064871 4290707 619492 3671215 51193 16900 8993 166827 54084 297997 0 0 4588704 0 0.80005 0.75280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4416295 576225 786313 254345 5524488 3697724 306709 494299 82437 4416295 5421020 36196 -502009 1257483 3697724 4268673 37112 1156229 40994 5421020 4109671 168117 64926 74041 4268673 0.58770 0.20040 0.21190 false false 111482 111482 1109201 55460 1053741 80861 80861 1246084 COMMON POOLED EQUITY FUND 4203820 F COMMON POOLED INCOME FUNDS 1070862 F CERTIFICATES OF DEPOSIT 559984 C 5834666 BENEFICIAL INTEREST 2295303 2295303 0 0 X 2307410 815866 64000 268949 1148815 1158595 4173 4173 1162768 1123058 64000 43860 107860 1015198 4173 4173 1019371 PART V, LINE 4: ENDOWMENT FUNDS HELD BY THE FOUNDATION ARE RESTRCITED FOR SCHOLARSHIP AND FOR THE USE OF MOUNT WACHUSETT COMMUNITY COLLEGE. PART X, LINE 2: THE FOUNDATION HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT MEETS THE QUALIFICATIONS TO BE CLASSIFIED AS A TAX-EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES, THE FOUNDATION MAY, HOWEVER, BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. 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" SUSTAINABLILITY 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. THERE IS NO PROVISION FOR INCOME TAXES IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST $225,089 RENTAL EXPENSES $42,945 FUNDRAISING EXPENSES $915 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES $42,945 FUNDRAISING EXPENSES $915 false MOUNT WACHUSETT COMMUNITY COLLEGE 144 Green Street Gardner MA 01440 046002284 115 560764 80000 FMV VEHCLES AUTOMOTIVE TRAINING 1 0 scholarships 78 280564 fmv X 2 80000 FMV X 1 6479 FMV false false false FORM 990, PART VI, SECTION B, LINE 11B: AS PART OF THE FORM 990 REVIEW PROCESS, THE FORM 990 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 FINANCE COMMITTEE IT CAN THEN 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 TO THE CHAIRMAN OF THE BOARD OF DIRECTORS THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, SUCH AS A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENTS HOLDINGS, AND OTHER TRANSACTION OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OR THOSE OF FAMILY MEMBERS. 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 AND THROUGH THE PUBLISHING OF PRINTED REPORTS. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST $225,089 FORM 990, PART XII, LINE 2C: THE FOUNDATION DOES HAVE A FORMAL COMMITTEE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT. THE PROCESS OF OVERSEEING THE AUDIT AND THE RELATED STATEMENTS HAVE NOT CHANGED SINCE THE PRIOR YEAR. Mount Wachusett Community College 444 Green Street Gardner MA 01440 046002284 Community col MA 115 N/A NA false true true false false false false false false false false false true false true true true false false false Mount Wachusett Community College B 640764 cost mount Wachusett Community College P 67852 cost