2025-05-05T10:09:59-05:00 2024-06-30 383635706 REHMANN ROBSON LLC 1500 W BIG BEAVER RD 2ND FLR TROY MI 48084 990 2023-07-01 383495303 MACOMB COMMUNITY COLLEGE FOUNDATION MACO 5864457306 14500 EAST 12 MILE RD WARREN MI 48088 ELIZABETH A ARGIRI TREASURER 5864457306 2025-05-05 1 1 KATHLEEN M UNDERHILL CPA P00589677 2489525000 2025-05-05 2023 2025-03-06 01:10:19Z ELIZABETH A ARGIRI 14500 EAST 12 MILE RD WARREN MI 48088 13482419 0 X WWW.MACOMB.EDU X 1999 MI TO SUPPORT AND PROMOTE THE EDUCATIONAL AND CULTURAL ACTIVITIES AT AND ON BEHALF OF MACOMB COMMUNITY COLLEGE. 4 1 0 12 0 0 5383665 2133347 0 0 1390675 3211042 374575 233481 7148915 5577870 2077933 2890278 0 0 0 0 0 0 0 79691 79692 2157624 2969970 4991291 2607900 33065888 36529087 104075 75469 32961813 36453618 TO PROVIDE SUPPORT FOR THE MISSION AND EDUCATIONAL PURPOSES OF MACOMB COMMUNITY COLLEGE IN A CHARITABLE MANNER INCLUDING, BY WAY OF ILLUSTRATION BUT NOT LIMITATION, THE PROMOTION, SPONSORSHIP AND CARRYING OUT OF THE EDUCATIONAL AND CULTURAL MISSIONS OF THE COLLEGE. 0 0 2890278 2890278 AMOUNT DISTRIBUTED TO MACOMB COMMUNITY COLLEGE IN SUPPORT OF ITS EDUCATIONAL AND CULTURAL MISSION 2890278 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 0 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 4 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 1 1 0 0 0 MI X ELIZABETH ARGIRI 5864457306 14500 E 12 MILE RD WARREN MI 48088 JAMES O SAWYER IV CHAIR/PRESIDENT 2.00 38.00 X X 0 359071 106814 KATHERINE LORENZO VICE CHAIR 0.30 2.00 X X 0 0 0 ELIZABETH A ARGIRI TREASURER 2.00 38.00 X X 0 234108 89280 KEVIN CHANDLER SECRETARY 2.00 38.00 X X 0 155659 37008 DIANE BANKS FOUNDATION DIRECTOR 40.00 X 0 69946 18879 0 818784 251981 0 0 1 0 0 18214 316395 1798738 2133347 1578587 1578587 9466665 7834210 1632455 1632455 1632455 192115 18214 65450 126665 126665 8898 4889 4009 4009 ADVANCEMENT FEE 900099 102807 102807 102807 5577870 0 0 3444523 2890278 2890278 78518 78518 BANK FEES 1174 1174 2969970 2890278 79692 0 X 427480 208343 4026 50876 32599425 35912717 34957 357151 33065888 36529087 20725 22019 83350 53450 104075 75469 X 15236915 19402162 17724898 17051456 32961813 36453618 33065888 36529087 2607900 978495 -94590 0 X 0 1 X 0 0 X 828466 839622 1340809 5383665 2133347 10525909 670893 681648 685625 800954 810037 3649157 1499359 1521270 2026434 6184619 2943384 14175066 3051452 11123614 933893 235319 1397844 1298149 1578587 5443792 101405 250221 295422 374575 233481 1255104 20873962 0.53290 0.53840 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS - 2019 AMOUNT: $ 101,405. 2020 AMOUNT: $ 12,142. 2021 AMOUNT: $ 51,429. 2022 AMOUNT: $ 107,889. 2023 AMOUNT: $ 130,674. ADVANCEMENT FEE - 2020 AMOUNT: $ 238,079. 2021 AMOUNT: $ 243,993. 2022 AMOUNT: $ 266,686. 2023 AMOUNT: $ 102,807. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32961813 2264021 4348072 2890278 13893407 135420 22654801 26548871 5491554 3398037 2077933 118277 280439 32961813 32269465 1392238 -5080185 1788654 243993 26548871 25467532 844545 7336899 1141432 238079 32269465 24531673 866716 1461021 1386878 5000 25467532 0.24730 0.45470 0.29800 0 0 0 X 7082626 978495 605953 1584448 5498178 79692 79692 5577870 3590821 700543 700543 2890278 79692 79692 2969970 PART V, LINE 4: THE ENDOWMENT FUNDS AND EARNINGS ARE USED TO SUPPORT THE FOUNDATION'S MISSION. PART X, LINE 2: THE FOUNDATION HAS EVALUATED ITS TAX POSITIONS FOR FISCAL 2021 THROUGH 2024, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2024. THE FOUNDATION CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS (UTB) SUCH AS TAX DEDUCTIONS, EXCLUSIONS OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE FOUNDATION DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST OR PENALTIES RELATED TO UTB AT JUNE 30, 2024, AND IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. SCHEDULE D, PAGE 2, PART V, COLUMN A LINE E: FOUNDATION DESIGNATED FUNDS OF $13,798,817 WERE INCORRECTLY REPORTED AS ENDOWMENT FUNDS ON PRIOR YEAR RETURNS. THEY ARE INCLUDED ON THIS LINE AS A SUBTRACTION ALONG WITH $94,590 OF CURRENT YEAR EXPENDITURES FOR PROGRAMS. COMEDY & COCKTAILS 148972 13282 135690 44553 CULTIVATING EVENT SUMMER 8505 55 8450 4 52852 4877 47975 20897 210329 18214 192115 65450 65450 126665 1 MACOMB COMMUNITY COLLEGE 14500 E 12 MILE RD WARREN MI 48088 381717622 2890278 0 TO SUPPORT MACOMB COMMUNITY COLLEGE'S EDUCATION AND CULTURAL MISSION 1 PART I, LINE 2: GRANTS MADE TO MACOMB COMMUNITY COLLEGE ARE PURSUANT TO AN ESTABLISHED DISTRIBUTION PLAN. ALL OTHER RECIPIENT GRANTS ARE AWARDED AND MONITORED BY A COMMITTEE TO ENSURE FUNDS ARE USED TO PROMOTE ECONOMIC DEVELOPMENT AND JOB GROWTH IN THE AREA. X X 0 0 0 0 0 0 0 0 0 JAMES O SAWYER IV CHAIR/PRESIDENT 0 359071 0 0 0 0 0 91996 0 14818 0 465885 0 0 ELIZABETH A ARGIRI TREASURER 0 234108 0 0 0 0 0 69719 0 19561 0 323388 0 0 KEVIN CHANDLER SECRETARY 0 155659 0 0 0 0 0 18488 0 18520 0 192667 0 0 PART I, LINE 3 THE COMPENSATION OF THE PRESIDENT WHO IS PAID BY A RELATED ORGANIZATION IS DETERMINED BY WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 JAMES SAWYER, ELIZABETH ARGIRI, KEVIN CHANDLER, DIANE BANKS AND KATHIE LORENZO HAVE BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION PROVIDES A COPY OF THE FORM 990 TO THE GOVERNING BODY ONCE COMPLETED VIA EMAIL. THE TREASURER REVIEWS THE 990. FORM 990, PART VI, SECTION B, LINE 12 TRUSTEES AND KEY EMPLOYEES ARE ASKED TO COMPLETE A DISCLOSURE FORM AND INDICATE IF THEY HAVE ANY BUSINESS ENTITIES THAT DO BUSINESS WITH THE COLLEGE AND RECEIVED PAYMENT. NO CONFLICTS WERE REPORTED. FORM 990, PART VI, SECTION B, LINE 15 SINCE THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES, THEY DO NOT HAVE A COMPENSATION POLICY. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATIONAL DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICTS OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST AND ON WEBSITE. FORM 990, PART X, LINES 27 & 28 DURING 2024, MANAGEMENT IDENTIFIED CERTAIN GIFTS WITHOUT DONOR RESTRICTIONS MADE TO THE FOUNDATION DURING FISCAL 2023 THAT WERE MISCLASSIFIED AS WITH DONOR RESTRICTIONS WITHIN THE FOUNDATION'S PERMANENT ENDOWMENT FUNDS AS OF JUNE 30, 2023. ADDITIONALLY, THE RELATED EARNINGS THEREON WERE MISCLASSIFIED AS NET ASSETS WITH DONOR RESTRICTIONS SUBJECT TO EXPENDITURE FOR SPECIFIED PURPOSE AS OF JUNE 30, 2023. MANAGEMENT HAS ELECTED TO RECLASSIFY THESE AMOUNTS TO THE APPROPRIATE NET ASSETS CATEGORIES AND RESTATE THE JULY 1, 2023 BALANCES. THE FOLLOWING IS A SUMMARY OF THE EFFECT OF THE RECLASSIFICATION: BEG BALANCE AT JULY 1, 2023 WITHOUT DONOR RESTRICTIONS: AS ORIGINALLY REPORTED $15,236,915; AS RESTATED $18,401,627 BEG BALANCE AT JULY 1, 2023 WITH DONOR RESTRICTIONS: AS ORIGINALLY REPORTED $17,724,898; AS RESTATED $14,560,186 MACOMB COMMUNITY COLLEGE 14500 E 12 MILE RD WARREN MI 48088 381717622 COMMUNITY COLLEGE, HIGHER EDUCATION MI 115 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 MACOMB COMMUNITY COLLEGE B 2890278 ACTUAL MACOMB COMMUNITY COLLEGE L 30695 ESTIMATED MACOMB COMMUNITY COLLEGE N 63325 ESTIMATED MACOMB COMMUNITY COLLEGE O 605952 ACTUAL MACOMB COMMUNITY COLLEGE C 316395 ACTUAL