2025-05-12T09:28:58-05:00 2024-06-30 251622758 MAHER DUESSEL CPA'S 1800 LINGLESTOWN ROAD SUITE 306 HARRISBURG PA 17110 990 2023-07-01 232253031 MONTGOMERY COUNTY COMMUNITY COLLEGE FOUNDATION MONT 2156416603 340 DEKALB PIKE BLUE BELL PA 194221412 JOSEPH GALLAGHER CHAIR 2156416603 2025-05-12 1 0 LISA RITTER P00168809 7172321230 2023 2025-03-06 01:10:19Z JAY BROWNING 340 DEKALB PIKE BLUE BELL PA 194221412 13865339 0 X WWW.MC3.EDU/GIVING X 1983 PA THE FOUNDATION RAISES FUNDS IN SUPPORT OF MONTGOMERY COUNTY COMMUNITY COLLEGE. 28 28 0 65 0 0 1522522 2235409 0 0 43917 1151267 -5910 0 1560529 3386676 1429063 891103 0 0 0 0 11405 91575 275889 1188696 3206999 2629164 4189677 -1068635 -803001 21032140 21933867 823564 577678 20208576 21356189 X THE CORPORATION SHALL BE OPERATED EXCLUSIVELY FOR THE PURPOSE OF PROVIDING SUPPORT AND ASSISTANCE TO MONTGOMERY COUNTY COMMUNITY COLLEGE (HEREINAFTER REFERRED TO AS THE "COLLEGE") IN DEVELOPING THE PROGRAMS, FACILITIES AND SERVICES NECESSARY TO CARRY OUT THE EDUCATIONAL MISSION AND FUNCTIONS OF THE COLLEGE. THE CORPORATION SHALL CARRY OUT THIS PURPOSE IN PART BY ENCOURAGING, SOLICITING, RECEIVING, HOLDING, INVESTING AND ADMINISTERING GIFTS OF FUNDS AND PROPERTY, AND MAKING EXPENDITURES TO, OR FOR THE BENEFIT OF, THE COLLEGE. 0 0 714494 524957 SCHOLARSHIPS: THROUGH THE GENEROUS SUPPORT FROM OUR ALUMNI AND FRIENDS, FOUNDATIONS, CORPORATIONS, AND OTHER VALUED PARTNERS, THE FOUNDATION IS ABLE TO PROVIDE SCHOLARSHIPS AND SUPPORT TO MONTGOMERY COUNTY COMMUNITY COLLEGE STUDENTS. WITH THIS SUPPORT, STUDENTS CONTINUE TO RECEIVE THE EDUCATION AND SKILLS NEEDED TO MAKE A DIFFERENCE IN OUR LOCAL WORKFORCE AND ECONOMY. 366146 366146 COLLEGE PROGRAM: EXPENDITURES WERE MADE TO PROVIDE THE COLLEGE THE NECESSARY FUNDING TO OPERATE VARIOUS EDUCATIONAL PROGRAMS, THE CULTURAL ARTS, AND OTHER MISCELLANEOUS STUDENT SUPPORT SERVICES. THE COLLEGE OFFERS ASSOCIATE IN ARTS (AA), ASSOCIATE IN SCIENCE (AS), AND ASSOCIATE IN FINE ARTS (AFA) DEGREES ALL DESIGNED PRIMARILY FOR STUDENT TRANSFER TO FOUR-YEAR INSTITUTIONS AS WELL AS THE ASSOCIATE IN GENERAL STUDIES (AGS) AND THE ASSOCIATE IN APPLIED SCIENCE (AAS) DEGREES DESIGNED PRIMARILY FOR STUDENTS ENTERING THE WORKFORCE UPON GRADUATION. OUR CERTIFICATES ARE ALSO DESIGNED FOR STUDENTS WHO WISH TO ENTER THE WORKFORCE UPON GRADUATION AND ARE OFTEN SEEN BY STUDENTS AND EMPLOYERS AS AN OPPORTUNITY TO UPGRADE OR GAIN ADDITIONAL SKILLS. FINE ARTS AND TECHNOLOGY:THESE FUNDS WERE EXPENDED IN SUPPORT OF THE FINE ARTS CENTER TO INCREASE OPPORTUNITIES FOR STUDENTS AND COMMUNITY MEMBERS TO PURSUE FORMAL DEGREES AND VOCATIONAL INTERESTS IN THE FINE AND PERFORMING ARTS. FUNDS WERE ALSO EXPENDED TO SUPPORT THE ADVANCED TECHNOLOGY CENTER, WHICH OFFERS PROGRAMS IN BIOTECHNOLOGY, COMMUNICATION, AND COMPUTER SCIENCE, AS WELL AS THE COLLEGE'S INFORMATION TECHNOLOGY OFFICES. FEATURES INCLUDE STATE-OF-THE-ART LABORATORIES, CLASSROOMS, RECORDING STUDIOS, AN OBSERVATORY, TV STUDIO, MONTCO RADIO STATION, AND THE PORTAL CAFE. 1080640 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 PA FL AL AK AZ AR CA CO CT DE DC GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR RI SC SD TN TX UT VT VA WA WV WI WY X SHANA WEINZIERL ASSISTANT CONTROLLER 2156416603 340 DEKALB PIKE BLUE BELL PA 19422 DR VICTORIA BASTECKI-PEREZ PRESIDENT 1.00 39.00 X X 0 229923 69743 JOSEPH GALLAGHER CHAIR 1.00 X X 0 0 0 RICHARD COTTOM VICE CHAIR 1.00 X X 0 0 0 ANDREW JAMES SECRETARY 1.00 X X 0 0 0 BRIAN NELSON BOARD MEMBER 1.00 X 0 0 0 JAISRI CHETY BOARD MEMBER 1.00 X 0 0 0 MICHAEL MOORE BOARD MEMBER 1.00 X 0 0 0 ALLISON RISKO BOARD MEMBER 1.00 X 0 0 0 JAMES SANDERS BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER MCDERMOTT BOARD MEMBER 1.00 X 0 0 0 RICHARD BUTTACAVOLI BOARD MEMBER 1.00 X 0 0 0 LINDA LAVAY BOARD MEMBER 1.00 X 0 0 0 TANYA BAMFORD BOARD MEMBER 1.00 X 0 0 0 GIOVAN LANE BOARD MEMBER 1.00 X 0 0 0 KENNETH BAKER BOARD MEMBER 1.00 X 0 0 0 JOHN KOURY JR ESQ BOARD MEMBER 1.00 X 0 0 0 BILL VITIELLO BOARD MEMBER 1.00 X 0 0 0 PAUL BUTTACAVOLI BOARD MEMBER 1.00 X 0 0 0 JIMMY CHONG BOARD MEMBER 1.00 X 0 0 0 BILL ENGLAND BOARD MEMBER 1.00 X 0 0 0 DARRELL GUNTER BOARD MEMBER 1.00 X 0 0 0 JOHN HAN BOARD MEMBER 1.00 X 0 0 0 MANISH INGLE BOARD MEMBER 1.00 X 0 0 0 ADAM SCHUPACK BOARD MEMBER 1.00 X 0 0 0 SHANNON WALKO BOARD MEMBER 1.00 X 0 0 0 JOSEPH WALSH BOARD MEMBER 1.00 X 0 0 0 FRANK IMPERIAL BOARD MEMBER 1.00 X 0 0 0 MICHAEL YETTER BOARD MEMBER 1.00 X 0 0 0 MICHELLE BROOKER-LEE BOARD MEMBER 1.00 X 0 0 0 PHILIP NEEDLES VP FOR ENGAGEMENT & STUDEN 4.00 36.00 X 0 223484 60674 QADIM GHANI VP FOR FINANCE AND ADMINIS 1.00 39.00 X 0 185000 34334 0 638407 164751 0 1 1 0 0 2235409 303755 2235409 569652 569652 11060278 10478663 581615 581615 581615 3386676 0 0 1151267 X 891103 891103 29373 29373 14900 14900 91575 91575 68410 68410 174754 14540 160214 7659 39 7620 7845 4413 2038 1394 6632 6632 REDIRECTED FUNDS (SEE S 1888604 1888604 SUPPORT FOR COLLEGE'S P 789790 789790 BAD DEBT 152620 152620 MISCELLANEOUS 46050 32504 12777 769 20362 6045 14317 4189677 1080640 2833148 275889 4188572 3364582 199303 882750 16598032 17649061 46233 37474 21032140 21933867 155014 204769 668550 372909 823564 577678 X 2288965 2140943 17919611 19215246 20208576 21356189 21032140 21933867 -803001 1104912 845702 0 X X 0 1 X 1 0 X 981274 5435296 2054688 1522522 2235409 12229189 981274 5435296 2054688 1522522 2235409 12229189 4061496 8167693 330247 289740 482837 561258 565848 2229930 14459119 0.56490 0.59450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12799263 912874 1474505 1851106 13335536 11541831 630083 1126165 498816 12799263 13257480 769542 -2014447 470744 11541831 8425575 3063075 2077489 308659 13257480 8495119 292729 -34386 327887 8425575 0.00700 0.94740 0.04560 0 0 0 INTERCOMPANY LIABILITY 372909 372909 X 5268880 1104912 845702 1950614 3318266 68410 68410 3386676 4121267 0 4121267 68410 68410 4189677 PART V, LINE 4: THE ENDOWMENT FUND EARNINGS FUND STUDENT SCHOLARSHIPS AND COLLEGE PROGRAMS AS SPECIFIED BY THE DONORS. A PERCENTAGE OF THE MARKET VALUE, INCLUDING REALIZED AND UNREALIZED GAINS, IS INCLUDED IN NET ASSETS WITHOUT DONOR RESTRICTION UNLESS THE DONOR SPECIFIES OTHERWISE. THE FOUNDATION POLICY FOR FISCAL YEAR 2024 ALLOWED FOR A PAYOUT OF 2% OF THE MARKET VALUE AT JUNE 30 OF THE PREVIOUS FISCAL YEAR. PART X, LINE 2: THE FOUNDATION FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THE FOUNDATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE FOUNDATION'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO INTEREST OR PENALTIES WERE RECOGNIZED IN 2024 OR 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES X X X X X 1 RUFFALO NOEL LEVITZ LLC PO BOX 718 DES MOINES IA 50303 ANNUAL AND PRINCIPAL GIVING PLANNING INITATIVE 1 0 91575 -91575 91575 -91575 SHERIFF GOLF OUTING 0 MONTGOMERY COUNTY COMMUNITY COLLEGE 340 DEKALB PIKE BLUE BELL PA 19422 231670325 115 891103 0 N/A N/A $561,871 GOES TO STUDENT SCHOLARSHIPS AND GRANTS AND $366,146 TO PURCHASE PART I, LINE 2: THE FOUNDATION WORKS CLOSELY WITH THE FINANCIAL AID OFFICE OF THE COLLEGE TO ENSURE THE FOUNDATION SCHOLARSHIPS ARE AWARDED TO STUDENTS IN ACCORDANCE WITH THE APPLICABLE DONOR RESTRICTIONS. FOUNDATION FUNDING FOR COLLEGE PROGRAMS ARE APPROVED BY FOUNDATION MANAGEMENT PRIOR TO DISBURSING FUNDS TO THE COLLEGE. $561,871 GOES TO STUDENT SCHOLARSHIPS AND GRANTS, AND $366,146 TO PURCHASE EQUIPMENT, OPERATE STUDENT PROGRAMS, SUPPORT THE ART BARN, ADVANCED TECHNOLOGY CENTER, AND ALUMNI PROGRAMS. 0 0 0 0 0 0 0 0 0 DR VICTORIA BASTECKI-PEREZ PRESIDENT 0 229923 0 0 0 0 0 32992 0 36751 0 299666 0 0 PHILIP NEEDLES VP FOR ENGAGEMENT & STUDEN 0 223484 0 0 0 0 0 24583 0 36091 0 284158 0 0 QADIM GHANI VP FOR FINANCE AND ADMINIS 0 185000 0 0 0 0 0 20350 0 13984 0 219334 0 0 PART I, LINE 3 COMPENSATION FOR OFFICERS IS PAID BY A RELATED ORGANIZATION, MONTGOMERY COUNTY COMMUNITY COLLEGE. THE COLLEGE USES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES. THE COLLEGE SOLICITS A THIRD PARTY CONSULTANT, THE HAY GROUP, WHO DEVELOPS A MATRIX OF GRADES. EACH GRADE HAS A MINIMUM, MIDPOINT, AND MAXIMUM. THE CANDIDATE IS REVIEWED BY HUMAN RESOURCES BASED UPON THEIR KNOWLEDGE, DEGREE, AND EXPERIENCE. HUMAN RESOURCES THEN RECOMMENDS TO THE HIRING PARTY A WRITTEN COMPENSATION PACKAGE THAT INCLUDES THE SALARY RANGE FOR THE POSITION. THERE ARE SEVERAL LEVELS OF REVIEW AND APPROVAL WITH THE BOARD TO RATIFY THE POSITION. A GENERAL STATEMENT APPEARS IN THE BOARD MINUTES WHEN A POSITION HAS BEEN RATIFIED BASED ON BACKGROUND DOCUMENTATION PROVIDED PRIOR TO THE MEETING. X 16 303755 FMV X MISC ITEMS 4 1910 FMV 0 0 0 SCHEDULE M, PART 1, LINE 9: THE ORGANATIONS RECEIVED TWO CONTRIBUTIONS FROM ONE DONOR. TWO CONTRIBUTIONS FROM A SECOND DONOR. TWO CONTRIBUTIONS FROM A THIRD DONOR. EIGHT CONTRIBUTIONS FROM A FOURTH DONOR. ONE CONTRIBUTION FROM A FIFTH DONOR. ONE CONTRIBUTION FROM A SIXTH DONOR. FORM 990, PART VI, SECTION B, LINE 11B THE FINAL 990 WILL BE PRESENTED TO THE BOARD FINANCE COMMITTEE FOR REVIEW. THE FULL BOARD WILL RECEIVE A COPY OF THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ARTICLE V CONFLICTS OF INTEREST SECTION 1. POLICY AND DEFINITIONS A. POLICY. THE BOARD OF DIRECTORS SHALL ADOPT, MAINTAIN AND, FROM TIME TO TIME, AMEND A POLICY ("CONFLICTS POLICY") OF THE FOUNDATION WITH RESPECT TO THE POTENTIAL OR ACTUAL CONFLICT OF INTEREST OF A MEMBER OF THE BOARD WITH RESPECT TO THE FOUNDATION. B. DEFINITIONS (1) A "CONFLICT OF INTEREST" MAY ARISE WHEN A MEMBER OF THE BOARD HAS A DIRECT OR INDIRECT "FINANCIAL INTEREST" IN AN ISSUE, DECISION, POLICY OR TRANSACTION OF, WITH AND/OR CONTEMPLATED BY THE FOUNDATION; (2) A PERSON HAS A "FINANCIAL INTEREST" IF HE OR SHE HAS, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS, INVESTMENT, OR FAMILY (I) AN OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY WITH WHICH THE FOUNDATION HAS OR CONTEMPLATES A TRANSACTION OR ARRANGEMENT; (II) A COMPENSATION OR REMUNERATION ARRANGEMENT WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE FOUNDATION HAS OR CONTEMPLATES A TRANSACTION OR ARRANGEMENT; OR (III) A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY ENTITY OR INDIVIDUAL WITH WHICH THE FOUNDATION IS NEGOTIATING A TRANSACTION OR ARRANGEMENT; (3) "COMPENSATION" INCLUDES DIRECT AND INDIRECT REMUNERATION AS WELL AS SUBSTANTIAL GIFTS OR FAVORS; (4) AN "INTERESTED PERSON" IS A DIRECTOR WHO HAS A DIRECT OR INDIRECT CONFLICT OF INTEREST; AND (5) A "RELATED PERSON" OF A DIRECTOR MEANS (I) THE SPOUSE, PARENT, CHILD, GRANDPARENT, GRANDCHILD, OR SIBLING OF SUCH PERSON, BY BLOOD, MARRIAGE OR ADOPTION, OR ANY PERSON WITH WHOM SUCH PERSON RESIDES; OR (II) ANY ENTITY WITH RESPECT TO WHICH ANY ONE OR MORE PERSONS DESCRIBED IN CLAUSE (I) SERVES AS A DIRECTOR, OFFICER, MEMBER, MANAGER, PARTNER, PROPRIETOR, VENTURER, TRUSTEE, EXECUTOR, ADMINISTRATOR, CUSTODIAN, EMPLOYEE, AGENT, REPRESENTATIVE OR IN ANY SIMILAR CAPACITY. SECTION 2. DUTY TO DISCLOSE AND RELATED DUTIES. A. NO DIRECTOR MAY USE INFORMATION THAT IS PROPRIETARY OR CONFIDENTIAL OR OTHERWISE NOT GENERALLY KNOWN TO THE PUBLIC THAT IS MADE AVAILABLE TO SUCH PERSON BY VIRTUE OF HIS OR HER POSITION AS A DIRECTOR FOR THEIR PERSONAL ADVANTAGE OR THAT OF ANY RELATED PERSON. NO DIRECTOR MAY ACCEPT ANY SERVICE, DISCOUNT, CONCESSION, FEE FOR ADVICE OR SERVICE OR THING OF VALUE FROM ANY PERSON OR ORGANIZATION WITH AN INTEREST IN AN ISSUE, MATTER OR TRANSACTION IN WHICH THE FOUNDATION ALSO HAS AN ECONOMIC OR PROGRAMMATIC INTEREST UNDER CIRCUMSTANCES THAT WOULD SUGGEST AN OBLIGATION ON THE PART OF THE DIRECTOR TO EXERT ANY INFLUENCE ON THE BOARD TO ENTER INTO A TRANSACTION OR ADOPT, ALTER OR ABOLISH ANY POLICY OR POSITION. B. AN INTERESTED PERSON SHALL IMMEDIATELY DISCLOSE TO THE BOARD EACH ACTUAL OR POTENTIAL CONFLICT OF INTEREST AFFECTING SUCH INTERESTED PERSON. EACH DIRECTOR SHALL, UPON BECOMING AWARE OF ANOTHER PERSON'S ACTUAL, POTENTIAL OR SUSPECTED CONFLICT OF INTEREST, WHERE SUCH CONFLICT OF INTEREST HAS NOT BEEN DISCLOSED FULLY TO THE BOARD, BRING SUCH CONFLICT OF INTEREST OR SUSPICION THEREOF TO THE ATTENTION OF THE BOARD. C. AFTER DETERMINING THAT A CONFLICT OF INTEREST EXISTS, THE AFFECTED INTERESTED PERSON SHALL WITHDRAW FROM ANY FURTHER INVOLVEMENT IN THE ISSUE, MATTER OR TRANSACTION CAUSING THE CONFLICT OF INTEREST UNLESS A MAJORITY OF THE DISINTERESTED DIRECTORS DETERMINE THAT THE CONFLICT OF INTEREST IS (I) IMMATERIAL OR NOT ADVERSE TO THE INTERESTS OF THE FOUNDATION; OR (II) THE BENEFITS OF ALLOWING THE AFFECTED INTERESTED PERSON TO PARTICIPATE IN THE DISCUSSION OR CONSIDERATION, BUT NOT THE FINAL DECISION, OUTWEIGH THE DANGERS; IN WHICH CASE THE AFFECTED INTERESTED PERSON MAY PARTICIPATE IN THE DISCUSSION, STUDY OR CONSIDERATION OF THE ISSUE, MATTER OR TRANSACTION, BUT NOT THE FINAL DECISION. SECTION 3. PROCEDURES FOR DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS. A. A DIRECTOR WHO IS UNCERTAIN AS TO WHETHER HE OR SHE MAY HAVE A CONFLICT OF INTEREST SHALL DISCLOSE, IN WRITING, ALL MATERIAL FACTS RELATED TO SUCH POTENTIAL CONFLICT OF INTEREST TO THE EXECUTIVE DIRECTOR OF THE FOUNDATION, AND REQUEST A WRITTEN OPINION THEREON. THE EXECUTIVE DIRECTOR SHALL ISSUE A WRITTEN OPINION WHICH SHALL BE PRESUMED TO BE CORRECT AND MAY BE RELIED UPON UNLESS CHALLENGED BY ANOTHER DIRECTOR, IN WHICH CASE THE FINAL DECISION AS TO WHETHER A CONFLICT OF INTEREST EXISTS SHALL BE MADE BY THE BOARD AS WHOLE. THE EXECUTIVE DIRECTOR SHALL ADVISE THE CHAIRMAN OF THE BOARD OF EACH AND EVERY OPINION ISSUED. OPINIONS SHALL, TO THE EXTENT POSSIBLE, NOT DISCLOSE PERSONAL INFORMATION WHILE, AT THE SAME TIME, DISCLOSING THE BASIS FOR THE OPINION. COPIES OF ALL OPINIONS SHALL BE RETAINED BY THE EXECUTIVE DIRECTOR AND MADE AVAILABLE TO THE BOARD UPON REQUEST TO PERMIT AND ENCOURAGE CONSISTENCY. SECTION 4. RECORDING DISCLOSURE OF CONFLICT OF INTEREST. THE MINUTES OF THE MEETING AT WHICH THE DISCLOSURE OF ANY CONFLICT OF INTEREST IS MADE SHALL REFLECT THAT THE DISCLOSURE WAS MADE AND WHETHER THE AFFECTED INTERESTED PERSON WITHDREW FROM THE DISCUSSION OF THE MATTER AND ANY VOTE THEREON. SECTION 5. VIOLATIONS OF POLICY. IF THE BOARD AND/OR A DIRECTOR HAS REASONABLE CAUSE TO BELIEVE THAT A DIRECTOR HAS OR MAY HAVE VIOLATED THE CONFLICTS POLICY, SUCH DIRECTOR WITH REASONABLE CAUSE SHALL SO INFORM THE BOARD, AND THE BOARD SHALL SO INFORM THE DIRECTOR THAT HAS OR MAY HAVE VIOLATED THE CONFLICTS POLICY, IN WRITING, OF THE BASIS FOR SUCH BELIEF, AND AFFORD THAT DIRECTOR AN OPPORTUNITY TO EXPLAIN HIS OR HER ALLEGED VIOLATION. IF, AFTER HEARING THE DIRECTOR'S RESPONSE, AND AFTER MAKING FURTHER INVESTIGATION, AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD DETERMINES THAT SUCH DIRECTOR HAS VIOLATED THE CONFLICTS POLICY, THE BOARD MAY TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION, WHICH MAY INCLUDE, WITHOUT LIMITATION, REMOVAL OF SUCH DIRECTOR FROM THE BOARD AND TERMINATION OR RESCISSION OF THE TRANSACTION OR ARRANGEMENT CAUSING THE CONFLICT OF INTEREST. SECTION 6. ACKNOWLEDGEMENT AND ANNUAL DISCLOSURES. EACH NEW DIRECTOR WILL BE GIVEN A COPY OF THE CONFLICTS POLICY, AND SHALL BE SPECIFICALLY REQUESTED TO READ IT, AND ACKNOWLEDGE RECEIPT OF IT, AND HAVING READ IT. THEREAFTER, ON AN ANNUAL BASIS, EACH DIRECTOR SHALL COMPLETE A CONFLICT OF INTEREST POLICY DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 MONTGOMERY COUNTY COMMUNITY COLLEGE HAS THE RESPONSIBLITY OF DETERMINING COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES. THE COLLEGE SOLICITS A THIRD PARTY CONSULTANT, THE HAY GROUP, WHO DEVELOPS A MATRIX OF GRADES. EACH GRADE HAS A MINIMUM, MIDPOINT, AND MAXIMUM. THE CANDIDATE IS REVIEWED BY HUMAN RESOURCES BASED UPON THEIR KNOWLEDGE, DEGREE, AND EXPERIENCE. HUMAN RESOURCES THEN RECOMMENDS TO THE HIRING PARTY A WRITTEN COMPENSATION PACKAGE THAT INCLUDES THE SALARY RANGE FOR THE POSITION. THERE ARE SEVERAL LEVELS OF REVIEW AND APPROVAL WITH THE BOARD TO RATIFY THE POSITION. A GENERAL STATEMENT APPEARS IN THE BOARD MINUTES WHEN A POSITION HAS BEEN RATIFIED BASED ON BACKGROUND DOCUMENTATION PROVIDED PRIOR TO THE MEETING. 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. PART IX, LINE 24: THESE FUNDS WERE REDIRECTED TO THE PENNSYLVANIA CENTER FOR EMPLOYEE OWNERSHIP, A 501(C)(3) ORGANIZATION. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES TO THIS PROCESS FROM THE PRIOR YEAR. MONTGOMERY COUNTY COMMUNITY COLLEGE 340 DEKALB PIKE BLUE BELL PA 194221412 231670325 EDUCATION OF COLLEGE STUDENTS PA 115 0 N/A 0 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 MONTGOMERY COUNTY COMMUNITY COLLEGE B COST