2025-07-15T09:41:38-05:00 2024-08-31 474526160 EFPR GROUP CPAS PLLC 100 SOUTH CLINTON AVE SUITE 1500 ROCHESTER NY 14604 990 2023-09-01 161204210 MONROE COMMUNITY COLLEGE FOUNDATION INC MONR 5852621510 1000 EAST HENRIETTA ROAD ROCHESTER NY 14623 GRETCHEN WOOD EXECUTIVE DIRECTOR 5852621510 2025-07-14 1 1 CHRISTOPHER JOHNSTON P00896198 5854278900 2025-07-14 2023 2025-03-06 01:10:19Z GRETCHEN WOOD 1000 EAST HENRIETTA ROAD ROCHESTER NY 14623 5419137 0 X WWW.MONROECC.EDU/DEPTS/FOUNDATION X 1983 NY THE MONROE COMMUNITY COLLEGE FOUNDATION SEEKS PHILANTHROPIC INVESTMENT TO ADVANCE ACADEMIC ACHIEVEMENT, INNOVATION, AND THE MISSION OF EXCELLENCE AT THE COLLEGE. 58 57 11 63 0 0 6471753 2104038 0 0 -51760 379268 440258 349363 6860251 2832669 7838075 2728260 0 0 1269956 1507882 0 0 725834 507386 745704 9615417 4981846 -2755166 -2149177 27367571 30106238 1997182 3932018 25370389 26174220 THE MONROE COMMUNITY COLLEGE FOUNDATION SEEKS PHILANTHROPIC INVESTMENT TO ADVANCE ACADEMIC ACHIEVEMENT, INNOVATION, AND THE MISSION OF EXCELLENCE AT THE COLLEGE. 0 0 2728260 2728260 THE PURPOSE OF THE MONROE COMMUNITY COLLEGE FOUNDATION IS TO SEEK AND SECURE PRIVATE FUNDS TO SUPPLEMENT MONROE COMMUNITY COLLEGE'S TRADITIONAL REVENUE SOURCES THROUGH ITS ONGOING EFFORTS. IT PROVIDES SCHOLARSHIP ASSISTANCE, FACULTY ENRICHMENT PROGRAMS, FUNDING FOR EDUCATIONAL EQUIPMENT AND SEED MONEY FOR INNOVATIVE PROGRAMS. IN 2023, THE FOUNDATION'S LEVEL OF SUPPORT TO THE COLLEGE WAS $1,662,000 TO 912 STUDENTS. 2728260 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 0 0 1 12 0 1 11 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 58 57 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X THE ORGANIZATION 5852621510 1000 EAST HENRIETTA ROAD ROCHESTER NY 14623 TODD K BAXTER DIRECTOR 1.00 X 0 0 0 DAVID J BEINETTI DIRECTOR 1.00 X 0 0 0 MARTIN K BIRMINGHAM CHAIR ELECT 1.00 X X 0 0 0 DEANNA R BURT-NANNA PHD DIRECTOR 1.00 X 0 0 0 ESSIE L CALHOUN-MCDAVID DIRECTOR 1.00 X 0 0 0 JULIE CAMARDO DIRECTOR 1.00 X 0 0 0 JACK CANNON DIRECTOR 1.00 X 0 0 0 BRIAN J CAPITUMMINO DIRECTOR 1.00 X 0 0 0 FLOR M COLON DIRECTOR 1.00 X 0 0 0 DAVID A CORNELL DIRECTOR 1.00 X 0 0 0 JEFFERY A DAVIS DIRECTOR 1.00 X 0 0 0 JOHN L DIMARCO II DIRECTOR 1.00 X 0 0 0 LAUREN DIXON DIRECTOR 1.00 X 0 0 0 JOHN A DREDGER PE LEED AP DIRECTOR 1.00 X 0 0 0 SERGIO ESTEBAN DIRECTOR 1.00 X 0 0 0 COLBY FEANE DIRECTOR 1.00 X 0 0 0 LOREN FLAUM DIRECTOR 1.00 X 0 0 0 DANIEL J GOLDSTEIN CPA DIRECTOR 1.00 X 0 0 0 BERNICE E HATCH DIRECTOR 1.00 X 0 0 0 KENNETH L HINES DIRECTOR 1.00 X 0 0 0 SCOTT M KOGLER CPAPFS TREASURER 1.00 X X 0 0 0 HOWARD KONAR DIRECTOR 1.00 X 0 0 0 MICHAEL A KRUPNICKI DIRECTOR 1.00 X 0 0 0 MAUREEN J LALLY DIRECTOR 1.00 X 0 0 0 DIANA M LAURIA DIRECTOR 1.00 X 0 0 0 JETT MEHTA DIRECTOR 1.00 X 0 0 0 DOUGLAS E PARKER DIRECTOR 1.00 X 0 0 0 LEE J PATTERSON DIRECTOR 1.00 X 0 0 0 LISA PAULIS MD DIRECTOR 1.00 X 0 0 0 STEPHEN M POLOZIE DIRECTOR 1.00 X 0 0 0 S JAY POPLI DIRECTOR 1.00 X 0 0 0 PATRICIA REDDING DIRECTOR 1.00 X 0 0 0 RICHARD A REINGOLD DIRECTOR 1.00 X 0 0 0 EDWARD T SCHULER DIRECTOR 1.00 X 0 0 0 NAOMI SILVER DIRECTOR 1.00 X 0 0 0 MARK A SIWIEC DIRECTOR 1.00 X 0 0 0 GARY L SQUIRES DIRECTOR 1.00 X 0 0 0 DEBORAH C STAMPS DIRECTOR 1.00 X 0 0 0 KEVIN T STICKLES DIRECTOR 1.00 X 0 0 0 JAMES M SYDOR DIRECTOR 1.00 X 0 0 0 LORI A VAN DUSEN IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 CHARLES J VITA DIRECTOR 1.00 X 0 0 0 STEPHANIE E VON BACHO DIRECTOR 1.00 X 0 0 0 MICHAEL S WEED DIRECTOR 1.00 X 0 0 0 KEVIN W WILLIAMS DIRECTOR 1.00 X 0 0 0 MAUREEN R WOLFE CHAIR 1.00 X X 0 0 0 JEREMY J WOLK DIRECTOR 1.00 X 0 0 0 PHILIP H YAWMAN DIRECTOR 1.00 X 0 0 0 LAURIE L ZAUCHA DIRECTOR 1.00 X 0 0 0 EMERSON U FULLWOOD SECRETARY 1.00 X X 0 0 0 LONETTE MERRIMAN DIRECTOR 1.00 X 0 0 0 ELAINE MICHAEL DIRECTOR 1.00 X 0 0 0 DONALD E JEFFRIES DIRECTOR 1.00 X 0 0 0 GAVIN BROWNLIE DIRECTOR 1.00 X 0 0 0 KIMBERLY J GAYLORD DIRECTOR 1.00 X 0 0 0 MICHAEL JACOBS DIRECTOR 1.00 X 0 0 0 VIRGIL N JOSEPH DIRECTOR 1.00 X 0 0 0 IAN J WILSON DIRECTOR 1.00 X 0 0 0 GRETCHEN WOOD EXECUTIVE DIRECTOR 35.00 X 0 143288 33697 SARAH BRUNDAGE DIRECTOR OF FINANCE (UNTIL 10/16/23) 35.00 X 0 70395 7110 0 213683 40807 0 0 1 0 0 78348 2025690 90173 2104038 430825 430825 2249707 2301264 -51557 -51557 -51557 634567 78348 285204 349363 349363 2832669 0 0 728631 2728260 2728260 1042007 370740 671267 465875 465875 22222 22222 72376 72376 28199 28199 8278 8278 73062 73062 9900 9900 48027 48027 54484 54484 1962 1962 UNCOLLECTIBLE ACCOUNTS 206090 206090 PUBLIC RELATIONS 80304 80304 SPECIAL EVENTS 63363 8796 54567 OTHER EXPENSES 41637 41637 35800 35800 4981846 2728260 1527752 725834 2266655 1753363 198211 1941352 3811213 2343274 75144 98044 83045 81779 1984 1266 20846056 23804456 168308 164483 27367571 30106238 821190 994030 1175992 2937988 1997182 3932018 X -1669034 -2570307 27039423 28744527 25370389 26174220 27367571 30106238 -2149177 2644819 308189 0 X X 0 1 X 1 0 X 5617953 1970543 5208167 6471753 2104038 21372454 5617953 1970543 5208167 6471753 2104038 21372454 8918637 12453817 267568 375820 268070 197377 430825 1539660 22912114 0.54350 0.61300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18957642 359679 2102929 801831 26078 20592341 17654826 1187731 944519 758189 71245 18957642 18246457 1291947 -1147621 707364 28593 17654826 15128322 1400423 2384119 653123 13284 18246457 12897600 1770297 1126440 647475 18540 15128322 0.80361 0.19639 0 0 34977 34977 0 48068 46802 1266 1266 DEFERRED GIVING OBLIGATIONS 32713 GRANT AND CONTRIBUTION ADVANCES 2905275 2937988 X 6710885 2644819 1020569 285204 3950592 2760293 72376 72376 2832669 5907054 712380 285204 997584 4909470 72376 72376 4981846 PART V, LINE 4: ENDOWMENTS ARE DONATED FUNDS THAT ARE INVESTED IN PERPETUITY. PRINCIPAL-GENERATED EARNINGS FULFILL THE SCHOLARSHIP FUNDS CHARITABLE INTENT AS ESTABLISHED WHEN THE GIFT IS MADE. PART X, LINE 2: IN ACCORDANCE WITH ASC 740-10-50, THE FOUNDATION RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT THE FOUNDATION IS CURRENTLY OPERATING IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. THEREFORE, NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS HAS BEEN INCLUDED ON THE FOUNDATION'S CONSOLIDATED FINANCIAL STATEMENTS. THE EXEMPT ORGANIZATION'S INFORMATIONAL RETURNS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 285,204. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 285,204. VARIOUS REGIONS THROUGH INVESTMENT IN FEG PRIVATE OPP FUND II 0 0 INVESTMENTS 2046813 VARIOUS REGIONS THROUGH INVESTMENT IN FEG PRIVATE OPP FUND III 0 0 INVESTMENTS 476702 VARIOUS REGIONS THROUGH INVESTMENT IN FEG PRIVATE OPP FUND V 0 0 INVESTMENTS 360437 VARIOUS REGIONS THROUGH INVESTMENT IN FEG PRIVATE OPP FUND VI 0 0 INVESTMENTS 157834 0 0 0 0 0 0 3041786 0 3041786 0 0 0 0 1 0 GOLD STAR GALA 426006 69004 357002 69525 52025 19644 GOLF TOURNAMENT 169465 5200 164265 58780 19009 3047 1 116084 2784 113300 30168 22302 10704 711555 76988 634567 158473 93336 33395 285204 349363 1 MONROE COMMUNITY COLLEGE 1000 EAST HENRIETTA ROAD ROCHESTER NY 14623 160849590 MONROE COUNTY 2707869 20391 FUNDS ARE TRANSFERRED TO THE COLLEGE IN SUPPORT OF SCHOLARSHIPS AND OTHER EDUCATION RELATED PROGRAMS AND CAPITAL INITIATIVES. PART I, LINE 2: THE FUNDS LISTED AS GRANTS ACTUALLY REPRESENT TRANSFERS TO THE COLLEGE AS NOTED AND EXPLAINED IN COLUMN H IN PART II. AS SUCH, THE MONITORING SYSTEM IS NOT DIRECTLY APPLICABLE BECAUSE THE FUNDS ARE AWARDED TO THE COLLEGE TO BE DISTRIBUTED FOR ITEMS SUCH AS SCHOLARSHIPS AND OTHER EDUCATIONAL AND CAPITAL INITIATIVES THAT SUPPORT THE STUDENTS, FACULTY AND PROGRAMS OF THE COLLEGE. X 1 0 0 0 0 0 0 0 0 0 0 GRETCHEN WOOD EXECUTIVE DIRECTOR 0 143288 0 0 0 0 0 0 0 33697 0 176985 0 0 PART I, LINE 1A SOCIAL CLUB DUES FOR GRETCHEN WOOD, EXECUTIVE DIRECTOR. THIS BENEFIT IS CONSIDERED A WORKING CONDITION FRINGE BENEFIT, AND AS SUCH, IS NOT TREATED AS TAXABLE COMPENSATION TO THE EXECUTIVE DIRECTOR. MONROE COMMUNITY COLLEGE FOUNDATION REQUIRES THIS MEMBERSHIP FOR THE EXECUTIVE DIRECTOR FOR BUSINESS PURPOSES. TOTAL AMOUNT PAID DURING THE CURRENT REPORTING PERIOD WAS $9,489. LAUREN DIXON BOARD MEMBER AND BOARD CHAIR OF DIXON SCHWABL 61568 THE FOUNDATION CONTRACTS WITH DIXON SCHWABL FOR SERVICES RELATED TO PUBLIC RELATIONS AND MARKETING. 0 X 9 4325 STOCK MARKET VALUE X VARIOUS ITEMS FOR FUNDRAISING EVENTS 43 76348 FAIR MARKET VALUE X WELDING PROGRAM MATERIALS 1 9500 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THERE ARE SEVERAL BOARD MEMBERS THAT DO BUSINESS WITH ONE ANOTHER AS WELL AS WITH MCC FOUNDATION. ALL SIGNIFICANT RELATIONSHIPS WITH MCC FOUNDATION ARE DISCLOSED ON SCHEDULE L. ALL OTHER RELATIONSHIPS ARE CONDUCTED IN THE ORDINARY COURSE OF BUSINESS AND ARE REVIEWED ANNUALLY BY THE AUDIT COMMITTEE TO ENSURE TRANSPARENCY. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO SUBMISSION TO THE IRS, THE FOLLOWING STEPS ARE TAKEN TO ENSURE PROPER REVIEW AND APPROVAL OF FORM 990: (1) FORM 990 WILL BE COMPLETED BY EXTERNAL AUDITORS AND SUBMITTED TO CHIEF FINANCIAL OFFICER FOR INITIAL REVIEW; (2) THE FORM 990 WILL BE SENT VIA EMAIL TO BOARD MEMBERS FOR THEIR FINAL REVIEW AND APPROVAL PRIOR TO SUBMISSION TO THE IRS AND HARD COPIES WILL BE AVAILABLE UPON REQUEST; (3) FORM 990 WILL BE SUBMITTED TO THE IRS AND THEN POSTED ON THE FOUNDATION'S WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE DISTRIBUTED ANNUALLY, COLLECTION IS MONITORED BY SECRETARY OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 ALL EMPLOYEES ARE REVIEWED ANNUALLY AND RECOMMENDED FOR COMPENSATION ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE CONTINUES TO ASSUME OVERSIGHT OF BOTH THE AUDIT PROCESS AND FINANCIAL STATEMENT REVIEW AS WELL AS THE APPROVAL OF THE INDEPENDENT AUDITORS. MCC HOLDINGS LLC 1000 EAST HENRIETTA ROAD ROCHESTER NY 14623 REAL ESTATE HOLDING NY 0 85000 MONROE COMMUNITY COLLEGE FOUNDATION INC