2024-07-09T15:38:05-05:00 2023-08-31 474526160 EFPR GROUP CPAS PLLC 100 SOUTH CLINTON AVE SUITE 1500 ROCHESTER NY 14604 990 2022-09-01 161204210 MONROE COMMUNITY COLLEGE FOUNDATION INC MONR 5852621510 1000 EAST HENRIETTA ROAD ROCHESTER NY 14623 GRETCHEN WOOD EXECUTIVE DIRECTOR 5852621510 2024-07-08 1 GRETCHEN WOOD 999009999 1 CHRISTOPHER JOHNSTON P00896198 5854278900 2024-07-08 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z GRETCHEN WOOD 1000 EAST HENRIETTA ROAD ROCHESTER NY 14623 15522624 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. 56 54 0 56 0 0 5182213 6471753 0 0 437924 -51760 253616 440258 5873753 6860251 4317832 7838075 0 0 1089050 1269956 0 0 679822 519847 507386 5926729 9615417 -52976 -2755166 30020778 27367571 3756592 1997182 26264186 25370389 THE MONROE COMMUNITY COLLEGE FOUNDATION SEEKS PHILANTHROPIC INVESTMENT TO ADVANCE ACADEMIC ACHIEVEMENT, INNOVATION, AND THE MISSION OF EXCELLENCE AT THE COLLEGE. 0 0 7838075 7838075 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 2022, THE FOUNDATION'S LEVEL OF SUPPORT TO THE COLLEGE WAS $1,374,000 TO 705 STUDENTS. 7838075 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 10 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 56 54 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 DIRECTOR 1.00 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 CHRISTOPHER R CIMINI CPA 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 CPAFPS 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 MARGARET SEMMER EDD 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 GRETCHEN WOOD EXECUTIVE DIRECTOR 35.00 X X 0 149782 30774 DANIEL J BURNS 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 SUSAN GURAK CFO (UNTIL MAR. 2022) 35.00 X 0 47957 7635 SARAH BRUNDAGE DIRECTOR OF FINANCE 35.00 X 0 56671 0 0 254410 38409 0 0 1 0 0 76767 6394986 303490 6471753 197377 197377 8140969 8390106 -249137 -249137 -249137 712525 76767 272267 440258 440258 6860251 0 0 388498 7838075 7838075 870459 293941 576518 399497 399497 20981 20981 52041 52041 77192 77192 14157 14157 20164 20164 10025 10025 37203 37203 26376 26376 1547 1547 SPECIAL EVENTS 113395 10091 103304 PUBLIC RELATIONS 65332 65332 PRINTING 37454 37454 OTHER EXPENSES 19684 19684 11835 11835 9615417 7838075 1097520 679822 1145958 2266655 245892 198211 4988501 3811213 68744 75144 81801 79817 2288 1984 23397040 20846056 172355 168308 30020778 27367571 596642 821190 18240 0 3141710 1175992 3756592 1997182 X -3997894 -1669034 30262080 27039423 26264186 25370389 30020778 27367571 -2755166 1600190 261179 0 X X 0 1 X 1 0 X 4677246 5617953 1970543 5208167 6471753 23945662 4677246 5617953 1970543 5208167 6471753 23945662 8429545 15516117 258836 267568 375820 268070 197377 1367671 25313333 0.61300 0.79480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17654826 1187731 944519 758189 71245 18957642 18246457 1291947 -1147621 707364 28593 17654826 15128322 1400423 2384119 653123 13284 18246457 12897600 1770297 1126440 647475 18540 15128322 13059870 349448 98265 597754 12229 12897600 0.85530 0.14470 0 0 34977 34977 0 46824 44840 1984 1984 DEFERRED GIVING OBLIGATIONS 33757 GRANT AND CONTRIBUTION ADVANCES 1142235 1175992 X 9552019 1600190 986835 272267 2859292 6692727 52041 115483 167524 6860251 10445816 725656 272267 997923 9447893 52041 115483 167524 9615417 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 272,267. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNCOLLECTIBLE ACCOUNTS 115,483. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 272,267. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNCOLLECTIBLE ACCOUNTS 115,483. VARIOUS REGIONS THROUGH INVESTMENT IN FEG PRIVATE OPP FUND II 0 0 INVESTMENTS 2141898 VARIOUS REGIONS THROUGH INVESTMENT IN FEG PRIVATE OPP FUND III 0 0 INVESTMENTS 487622 VARIOUS REGIONS THROUGH INVESTMENT IN FEG PRIVATE OPP FUND V 0 0 INVESTMENTS 293711 VARIOUS REGIONS THROUGH INVESTMENT IN FEG PRIVATE OPP FUND VI 0 0 INVESTMENTS 45112 0 0 0 0 0 0 2968343 0 2968343 1 0 0 0 1 0 PART III ACCOUNTING METHOD: GOLD STAR GALA 481666 72117 409549 53116 54035 15838 GOLF TOURNAMENT 192025 2550 189475 44030 22056 1931 1 115601 2100 113501 21128 37687 22446 789292 76767 712525 118274 113778 40215 272267 440258 1 MONROE COMMUNITY COLLEGE 1000 EAST HENRIETTA ROAD ROCHESTER NY 14623 160849590 MONROE COUNTY 7658475 179600 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 149782 0 0 0 0 0 0 0 30774 0 180556 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 $5,576. LAUREN DIXON BOARD MEMBER AND BOARD CHAIR OF DIXON SCHWABL 55245 THE FOUNDATION CONTRACTS WITH DIXON SCHWABL FOR SERVICES RELATED TO PUBLIC RELATIONS AND MARKETING. 0 X 20585 STOCK MARKET VALUE X VARIOUS EQUIPMENT 10 195938 FAIR MARKET VALUE X VARIOUS ITEMS FOR FUNDRAISING EVENTS 41 76767 FAIR MARKET VALUE X WELDING PROGRAM MATERIALS 2 10200 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