2025-05-12T13:29:49-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2023-07-01 237121670 HAGERSTOWN COMMUNITY COLLEGE FOUNDATION INC HAGE 2405002000 11400 ROBINWOOD DRIVE HAGERSTOWN MD 21742 DR ASHLEY WHALEY EXECUTIVE DIRECTOR 2405002000 2025-05-09 1 0 ROBERT WILLIAMS P01345960 5712279500 2025-05-08 2023 2025-03-06 01:10:19Z JAMES PIERNE 11400 ROBINWOOD DRIVE HAGERSTOWN MD 21742 2637573 0 X WWW.HAGERSTOWNCC.EDU/ALUMNI-FOUNDATION/HCC X 1968 MD TO CULTIVATE DONORS AND MANAGE RESOURCES TO BENEFIT HAGERSTOWN COMMUNITY COLLEGE AND STUDENTS. 29 27 0 40 0 0 1248901 1221273 0 0 651929 1059838 91301 74561 1992131 2355672 1032999 1013924 0 0 0 0 0 0 20554 219401 227138 1252400 1241062 739731 1114610 23794295 25645887 111127 91231 23683168 25554656 TO ASSIST HAGERSTOWN COMMUNITY COLLEGE IN IT'S MISSION OF BEING A COMPREHENSIVE OPEN DOOR EDUCATIONAL INSTITUTION BY PROVIDING A MEANS FOR INDIVIDUALS AND BUSINESSES TO INVEST IN THE FUTURE OF OUR CITIZENS. 0 0 1031937 1013924 0 DURING FY24, THE FOUNDATION PROVIDED SCHOLARSHIPS TO 673 ELIGIBLE INDIVIDUALS ATTENDING HAGERSTOWN COMMUNITY COLLEGE. THE FOUNDATION ALSO PROVIDED SUPPORT FOR THE NEEDS OF THE COLLEGE. 1031937 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 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 29 27 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MD X DR ASHLEY WHALEY EXECUTIVE DIRECTOR 2405002213 11400 ROBINWOOD DR HAGERSTOWN MD 21742 DR JAMES KLAUBER HCC PRESIDENT 1.00 39.00 X 0 357663 227 THOMAS CRAWFORD FACULTY REP, HCC ASST. PROFESSOR 1.00 39.00 X X 0 109757 7009 DR ASHLEY WHALEY SR DIR. OF COLLEGE ADVANCEMENT 37.50 2.50 X 0 102470 16869 CHARLES SCHEETZ HCC DIRECTOR, STUDENT AID 1.00 39.00 X 0 94873 33356 JAMES PIERNE VP, RESOURCE DVLPT CMTE CHAIR 1.00 39.00 X X 0 82254 22734 LAURA HERRERA PRESIDENT 2.00 0.00 X X 0 0 0 DAVID ABELES IMMEDIATE PAST PRESIDENT 1.00 0.00 X X 0 0 0 MELINDA WORDEN SECRETARY, BOARD DVLPT CMTE CHAIR 1.00 0.00 X X 0 0 0 DAVID RISSER TREASURER, USMF LIAISON 1.00 0.00 X X 0 0 0 BRENDA HASSINGER ALUMNI REP, SCHOLARSHIP CMTE CHAIR 0.50 0.00 X 0 0 0 MICHAEL GEHR BOOSTER REPRESENTATIVE 0.50 0.00 X 0 0 0 PAULA LAMPTON TRUSTEE LIAISON 0.50 0.00 X 0 0 0 JOHN WILLIAMSON TRUSTEE LIAISON 0.50 0.00 X 0 0 0 JONNY BARR DIRECTOR 0.50 0.00 X 0 0 0 JODI BLAIR DIRECTOR 0.50 0.00 X 0 0 0 LIEBA COHEN DIRECTOR 0.50 0.00 X 0 0 0 PAUL CRAMPTON III DIRECTOR 0.50 0.00 X 0 0 0 TAYLOR DAVIS DIRECTOR 0.50 0.00 X 0 0 0 JULIE DONAT DIRECTOR 0.50 0.00 X 0 0 0 LINDA EBERSOLE DIRECTOR 0.50 0.00 X 0 0 0 WILLIAM FRITTS II DIRECTOR 0.50 0.00 X 0 0 0 ELLEN GERCKE DIRECTOR 0.50 0.00 X 0 0 0 MARY HEIZER DIRECTOR 0.50 0.00 X 0 0 0 JUDITH KOFOET DIRECTOR 0.50 0.00 X 0 0 0 JOHN LATIMER IV DIRECTOR 0.50 0.00 X 0 0 0 VIRGINIA LINDSAY DIRECTOR 0.50 0.00 X 0 0 0 CARROL LOURIE DIRECTOR 0.50 0.00 X 0 0 0 JOHN MILLER DIRECTOR 0.50 0.00 X 0 0 0 GEORGE NEWMAN III DIRECTOR 0.50 0.00 X 0 0 0 JOAN SCHUPP DIRECTOR 0.50 0.00 X 0 0 0 RANDY SCOTT DIRECTOR 0.50 0.00 X 0 0 0 DUSTIN WATSON DIRECTOR 0.50 0.00 X 0 0 0 0 747017 80195 0 0 1 0 USMF 3300 METZEROTT ROAD ADELPHI MD 20783 INVESTMENT MANAGEMENT 190122 1 18745 29269 1173259 12350 1221273 367594 367594 920416 228172 692244 692244 692244 123668 29269 53729 69939 69939 MISCELLANEOUS REVENUE 900099 4622 4622 4622 2355672 0 0 1134399 100306 100306 913618 913618 300 3 297 7100 7100 176782 176782 2983 454 2529 6910 68 6842 3260 3260 ARBORETUM 18013 18013 HOSPITALITY 10982 96 10886 808 808 1241062 1031937 188571 20554 180979 64792 99940 2950363 2276967 7136 3241 20655817 23200947 23794295 25645887 5150 17870 43880 62097 73361 111127 91231 X 5147570 5384104 18535598 20170552 23683168 25554656 23794295 25645887 X 1114610 774271 -17393 X 0 1 X 1 0 X 1484846 918220 6794931 1248901 1221273 11668171 385858 322075 735449 437136 459786 2340304 1870704 1240295 7530380 1686037 1681059 14008475 350096 13658379 159895 173875 282258 300401 367594 1284023 168152 143122 128290 439564 15732062 0.86820 0.88390 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2021 AMOUNT: $ 11. 2022 AMOUNT: $ 4,347. 2023 AMOUNT: $ 4,622. GROSS INCOME FROM FUNDRAISING EVENTS - 2021 AMOUNT: $ 168,141. 2022 AMOUNT: $ 138,775. 2023 AMOUNT: $ 123,668. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19608987 1793566 1651712 900148 22154117 17435673 1945558 995967 768211 19608987 15341652 3104178 162085 1172242 17435673 11706216 682492 3152368 199424 15341652 11154751 1240261 26045 714841 11706216 0.19050 0.00000 0.80950 1 0 0 SYSTEM OF MARYLAND FOUNDATION, INC. UNITIZED INVESTMENT FUND 22154117 F INTEREST IN LIMITED PARTNERSHIP 1046830 C 23200947 DUE TO THE COLLEGE 73361 73361 X 3412947 774271 459786 1234057 2178890 176782 176782 2355672 1541459 459786 17393 477179 1064280 176782 176782 1241062 PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS CONSIST OF APPROXIMATELY 206 NAMED FUNDS ESTABLISHED TO SUPPORT A VARIETY OF SCHOLARSHIP PROGRAMS AND OTHER ACTIVITIES AT HAGERSTOWN COMMUNITY COLLEGE. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION COMPLIES WITH ASC 740-10, INCOME TAXES, WHICH ESTABLISHES A THRESHOLD FOR DETERMINING WHEN AN INCOME TAX BENEFIT OF A TAX POSITION CAN BE RECOGNIZED. UNDER ASC 740-10, A TAX POSITION INCLUDES, AMONG OTHER THINGS, (A) A DECISION NOT TO FILE A TAX RETURN, (B) AN ALLOCATION OR A SHIFT OF INCOME BETWEEN JURISDICTIONS, (C) THE CHARACTERIZATION OF INCOME OR A DECISION TO EXCLUDE REPORTING TAXABLE INCOME IN A TAX RETURN, (D) A DECISION TO CLASSIFY A TRANSACTION, ENTITY, OR OTHER POSITION IN A TAX RETURN AS TAX EXEMPT, AND (E) AN ENTITY'S STATUS, INCLUDING ITS STATUS AS A TAX-EXEMPT NONPROFIT ENTITY. BASED ON ITS INTERPRETATION OF THE REQUIREMENTS OF ASC 740-10, MANAGEMENT BELIEVES THAT THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2012. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE OFF OF UNCOLLECTIBLE PLEDGES 17,393. TRIBUTE 152937 29269 123668 14121 39608 152937 29269 123668 14121 39608 53729 69939 1 HAGERSTOWN COMMUNITY COLLEGE 11400 ROBINWOOD DRIVE HAGERSTOWN MD 21742 520945289 GOVERNMENT 100306 0 N/A N/A CAPITAL CAMPAIGN AND OTHER ASSISTANCE 1 0 SCHOLARSHIPS AWARDED 537 699473 N/A N/A CSA SCHOLARSHIPS AWARDED 136 214145 N/A N/A PART I, LINE 2: THE FOUNDATION FUNDS SCHOLARSHIPS THAT ARE AWARDED BY HAGERSTOWN COMMUNITY COLLEGE STRAIGHT TO THE SCHOOL FOR WHICH THE GRANT MONIES ARE TO BE USED. 0 0 0 0 0 0 0 0 0 DR JAMES KLAUBER HCC PRESIDENT 0 357663 0 0 0 0 0 0 0 227 0 357890 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE OFFICERS OF THE BOARD, THE PAST PRESIDENT, THE EXECUTIVE DIRECTOR, AND THE PRESIDENT OF THE COLLEGE. THE PRIMARY FUNCTION OF THIS COMMITTEE IS THE MANAGEMENT OF THE FOUNDATION SUBJECT TO SUCH LIMITATIONS AS THE BOARD OF DIRECTORS OF THE FOUNDATION BY RESOLUTIONS MAY PROVIDE. DUTIES SHALL INCLUDE, BUT ARE NOT LIMITED TO: FUNCTIONING ON BEHALF OF THE BOARD OF DIRECTORS BETWEEN BOARD MEETINGS MANAGING THE BOARD'S AGENDA LIMITING THE BOARD'S WORKLOAD TO KEY ISSUES AND TASKS PLANNING FOR THE YEAR'S ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE FOUNDATION SHALL CONSIST OF 32 INDIVIDUALS, 29 OF WHOM SHALL BE VOTING MEMBERS. THE COMPOSITION OF THE MEMBERSHIP SHALL BE AS FOLLOWS: 1) THE PRESIDENT OF HAGERSTOWN COMMUNITY COLLEGE, WHO SHALL BE AN EX-OFFICIO AND NON-VOTING MEMBER. 2) ONE (1) MEMBER OF THE FACULTY OF THE COLLEGE ELECTED BY THE FACULTY ASSEMBLY TO SERVE FOR A THREE-YEAR PERIOD. 3) ONE (1) OR TWO (2) MEMBERS OF THE BOARD OF TRUSTEES OF THE COLLEGE WHO WILL BE APPOINTED ANNUALLY BY THE CHAIR OF THE BOARD OF TRUSTEES OF THE COLLEGE. 4) ONE (1) PERSON TO BE DESIGNATED BY THE ALUMNI ASSOCIATION OF THE COLLEGE TO SERVE FOR A THREE-YEAR PERIOD. 5) A NUMBER NOT TO EXCEED TWENTY-FIVE (25) PERSONS FOR A THREE-YEAR PERIOD WITH AT LEAST SIX (6) PERSONS BEING ELECTED ANNUALLY. THESE PERSONS ARE TO BE NAMED BY A MAJORITY OF THE MEMBERS DESIGNATED IN NUMBERS (1-4 ABOVE,) PLUS THE REMAINING MEMBERS OF THIS CATEGORY WHO ARE NOT UP FOR ELECTION IN THAT YEAR. 6) THE DIRECTOR OF STUDENT FINANCIAL AID AND DIRECTOR OF INSTITUTIONAL ADVANCEMENT SHALL BE EX-OFFICIO AND NON-VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A NEW MEMBERS OF THE GOVERNING BODY ARE APPOINTED BY A MAJORITY OF THE EXISTING MEMBERS, SOME OF WHICH ARE NON-VOTING MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY TAX ADVISORS OF A NATIONAL ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. THE FOUNDATION DOES NOT REQUIRE THE ENTIRE BOARD TO APPROVE THE FORM 990 BEFORE IT IS FILED. THE FOUNDATION PRESIDENT AND TREASURER HAVE AUTHORITY TO REVIEW AND APPROVE ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A DIRECTOR OR COMMITTEE MEMBER WHO PLANS NOT TO ATTEND A MEETING AT WHICH HE OR SHE HAS REASON TO BELIEVE THAT THE BOARD OR COMMITTEE WILL ACT ON A MATTER IN WHICH THE PERSON HAS A CONFLICT OF INTEREST SHALL DISCLOSE TO THE CHAIR OF THE MEETING ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. THE CHAIR SHALL REPORT THE DISCLOSURE AT THE MEETING AND THE DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING MAY BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. SUCH PERSON'S INELIGIBILITY TO VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. AN ACTION ON A CONTRACT OR TRANSACTION SHALL BE APPROVED IF IT RECEIVES THE AFFIRMATIVE VOTE OF A MAJORITY OF THE DISINTERESTED PERSONS ENTITLED TO VOTE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: WRITE OFF OF UNCOLLECTIBLE PLEDGES -17,393. HAGERSTOWN COMMUNITY COLLEGE 11400 ROBINWOOD DRIVE HAGERSTOWN MD 21742 520945289 PUBLIC COMMUNITY COLLEGE MD GOVERNMENT N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0