2024-12-23T15:56:08-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2023-07-01 521272329 HOWARD COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC HOWA 4435181970 10901 LITTLE PATUXENT PARKWAY COLUMBIA MD 21044 ALISON CANNING CHAIRPERSON 4435181970 2024-12-18 1 1 ROBERT WILLIAMS P01345960 5712279500 2024-12-18 2023 2024-10-15 13:58:12Z ALISON CANNING 10901 LITTLE PATUXENT PARKWAY COLUMBIA MD 21044 5911569 0 X WWW.HOWARDCC.EDU/DONORS X 1978 MD SUPPORTING STUDENT SUCCESS AT HOWARD COMMUNITY COLLEGE. SEE SCHEDULE O.SUPPORTING STUDENT SUCCESS AT HOWARD COMMUNITY COLLEGE BY CREATING OPPORTUNITIES FOR STUDENTS BY FUNDING PATHWAYS TO SUCCESS. EDUCATION CAN BE THE KEY TO A BETTER CAREER AND A BRIGHTER FUTURE, BUT NEARLY HALF OF ALL STUDENTS AT HOWARD COMMUNITY COLLEGE NEED SOME FORM OF FINANCIAL ASSESTANCE. THROUGH COMMUNITY PARTNERSHIPS AND INDIVIDUAL SUPPORT, THE HOWARD COMMUNITY COLLEGE EDUCATIONAL FOUNDATION PROVIDES CRITICALLY IMPORTANT SCHOLARSHIPS AND SERVICE TO HELP STUDENTS REALIZE THEIR EDUCATIONAL GOALS. ALL DONATIONS TO THE HOWARD COMMUNITY COLLEGE EDUCATIONAL FOUNDATION GO DIRECTLY TOWARD STUDENT SCHOLARSHIPS, ACADEMIC PROGRAMS, OR ESSENTIAL STUDENT SERVICES. 19 19 0 150 0 0 4720371 2929936 0 0 837038 571707 0 101961 5557409 3603604 2995170 1993737 0 0 979665 0 0 0 0 114475 127940 4089310 2121677 1468099 1481927 17788713 20279354 437058 220805 17351655 20058549 X THE MISSION OF THE HOWARD COMMUNITY COLLEGE EDUCATION FOUNDATION, INC. IS TO IMPROVE LIVES AND CREATE OPPORTUNITIES BY FUNDING PATHWAYS TO STUDENT SUCCESS AT HOWARD COMMUNITY COLLEGE. AS COMPARATIVELY AFFORDABLE AS HOWARD COMMUNITY COLLEGE IS, NEARLY HALF OF ALL STUDENTS RECEIVE SOME FORM OF FINANCIAL ASSISTANCE. SCHOLARSHIPS ALONG WITH FINANCIAL SUPPORT FOR PROGRAMS ALLOW STUDENTS TO REACH THEIR EDUCATIONAL GOALS. 0 0 1415729 1415729 0 EACH YEAR THE FOUNDATION FUNDS SCHOLARSHIPS AWARDED BY HOWARD COMMUNITY COLLEGE. 578008 578008 0 EACH YEAR THE FOUNDATION FUNDS PROGRAMS FOR THE BENEFIT OF HOWARD COMMUNITY COLLEGE AND ITS FACULTY AND STUDENTS. 1993737 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X ANNE JOHNSON 4435181970 10901 LITTLE PATUXENT PKWY COLUMBIA MD 21044 X DARIA WILLIS SECRETARY 10.00 X 0 0 0 ALISON CANNING CHAIRPERSON 1.00 X X 0 0 0 PAUL GLEICHAUF IMMEDIATE PAST CHAIRPERSON 1.00 X X 0 0 0 BOB HOGUE VICE CHAIRPERSON 1.00 X X 0 0 0 SHAUN EDDY TREASURER-FINANCE 1.00 X X 0 0 0 SEAN HOUGH TREASURER-INVESTMENTS 1.00 X X 0 0 0 GULNAZ ANWAR BOARD MEMBER 1.00 X 0 0 0 U MICHAEL CURRIE BOARD MEMBER 1.00 X 0 0 0 ELYSE DEVRIES BOARD MEMBER 1.00 X 0 0 0 CHRIS GALLANT BOARD MEMBER 1.00 X 0 0 0 ERIC HENLON BOARD MEMBER 1.00 X 0 0 0 DAVID KAY BOARD MEMBER 1.00 X 0 0 0 LISA NUGENT BOARD MEMBER 1.00 X 0 0 0 CASSANDRA OKECHUKWU BOARD MEMBER 1.00 X 0 0 0 ERIC REGELIN BOARD MEMBER 1.00 X 0 0 0 TRISH SCHNEIDER BOARD MEMBER 1.00 X 0 0 0 DANIELLE SMITH BOARD MEMBER 1.00 X 0 0 0 CLARICE SOMERSALL BOARD MEMBER 1.00 X 0 0 0 TOM TUCKER BOARD MEMBER 1.00 X 0 0 0 ANGELA WILLIAMS BOARD MEMBER 1.00 X 0 0 0 TIM HUGHES BOARD MEMBER TO OCT 2023 1.00 X 0 0 0 RUSSELL PANGBURN BOARD MEMBER TO JUN 2024 1.00 X 0 0 0 TRACY PUGH BOARD MEMBER TO AUG 2023 1.00 X 0 0 0 WILLIAM SAWAY BOARD MEMBER TO DEC 2023 1.00 X 0 0 0 0 0 0 0 0 0 0 0 173494 2756442 22286 2929936 370593 370593 2483183 2282069 201114 201114 201114 127857 173494 25896 101961 101961 3603604 0 0 673668 1993737 1993737 73813 73813 11500 11500 75 75 27203 27203 2650 2650 BANK & CREDIT CARD FEES 6912 6912 BAD DEBT EXPENSE 4500 4500 1287 1287 2121677 1993737 127940 0 406739 92150 1339585 1855382 1651087 22153 27050 15358093 17021857 146346 147625 17788713 20279354 1457 1071 250986 99451 184615 120283 437058 220805 X 1528265 1620508 15823390 18438041 17351655 20058549 17788713 20279354 X 1481927 1524967 -300000 X 0 1 X 1 0 X 3186260 2573641 2930393 4720371 2929936 16340601 3186260 2573641 2930393 4720371 2929936 16340601 3393427 12947174 256493 209941 343345 386008 370593 1566380 68930 86235 5597 43295 127857 331914 18238895 0.70990 0.89230 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS FUNDRAISING INCOME - 2019 AMOUNT: $ 68,930. 2020 AMOUNT: $ 86,235. 2021 AMOUNT: $ 5,597. 2022 AMOUNT: $ 43,295. 2023 AMOUNT: $ 127,857. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12927250 218610 1646891 647127 14145624 11916667 751160 1147209 887786 12927250 14346111 269498 -1899049 799893 11916667 11499692 471497 2659077 284155 14346111 10863022 741304 392502 497136 11499692 0.03864 0.76891 0.19246 1 0 0 DUE TO HOWARD COMMUNITY COLLEGE 120283 120283 X 6075289 1524967 994635 2519602 3555687 73813 -25896 47917 3603604 3068395 994635 25896 1020531 2047864 73813 73813 2121677 PART V, LINE 4: TO PROVIDE SCHOLARSHIP AND PROGRAM SUPPORT TO HOWARD COMMUNITY COLLEGE. PART X, LINE 2: THE FOUNDATION HAS BEEN GRANTED AN EXEMPTION BY THE INTERNAL REVENUE SERVICE (IRS) FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE IRS HAS ALSO DETERMINED THAT THE FOUNDATION IS NOT A PRIVATE FOUNDATION. THE FOUNDATION IS REQUIRED TO REPORT UNRELATED BUSINESS INCOME TO THE IRS. THE FOUNDATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. AS OF JUNE 30, 2024 AND 2023, THE FOUNDATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE IRS AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE FOUNDATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE FOUNDATIONS FINANCIAL POSITION OR RESULTS OF ACTIVITIES. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AS OF JUNE 30, 2024 AND 2023. AS OF JUNE 30, 2024, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2021 THROUGH 2024 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE FOUNDATION FILES TAX RETURNS. IT IS THE FOUNDATIONS POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES -25,896. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 25,896. HCC CHAL- LENGE RACE 123400 71044 52356 2015 7666 VINO SCHOLASTICO 111550 64222 47328 2588 749 1300 3938 2 66401 38228 28173 6877 763 301351 173494 127857 2588 7626 3315 12367 25896 101961 1 HOWARD COMMUNITY COLLEGE 10901 LITTLE PATUXENT PARKWAY COLUMBIA MD 21044 520900106 115 1993737 0 PROGRAM AND SCHOLARSHIP SUPPORT 1 0 PART I, LINE 2: GRANTS ARE GIVEN TO HOWARD COMMUNITY COLLEGE. THE PROGRAM DIRECTORS WHO RECEIVE GRANT FUNDS MONITOR AND REPORT ON FUND USAGE. SCHOLARSHIP FUND USAGE IS MANAGED AND REPORTED THROUGH THE SCHOLARSHIP ASSOCIATE IN THE DEVELOPMENT OFFICE. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE FOUNDATION CONSISTS OF THE OFFICERS AND, WHEN THE EXECUTIVE COMMITTEE DEEMS IT APPROPRIATE, THE CHAIRS OF ANY AD HOC COMMITTEES. THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ON BEHALF OF THE BOARD ALL THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF TIME SENSITIVE AFFAIRS OF THE FOUNDATION PRIOR TO THE CONVENING OF A BOARD MEETING. THE EXECUTIVE COMMITTEE IS REQUIRED TO SUBMIT A REPORT OF ITS ACTIVITIES TO THE BOARD AT EACH MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO SUBMITTING THE FINAL VERSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF EACH BOARD MEETING, THE CHAIR REVIEWS THE CONFLICT OF INTEREST AND CONFIDENTIALITY POLICY WITH THE BOARD MEMBERS, AS WELL AS OFFICERS. ALL ARE GIVEN AN OPPORTUNITY TO BRING FORWARD ANY CONFLICTS OF INTEREST. BOARD MEMBERS AND STAFF ARE REQUIRED TO SIGN BOTH CONFLICT OF INTEREST AND CONFIDENTIALITY AGREEMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY INDIVIDUAL WHO MEETS THE INTERNAL REVENUE SERVICE DEFINITION OF TOP MANAGEMENT OFFICIAL, OFFICER, OR KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 MEMBERS OF THE PUBLIC REQUESTING COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS MAKE REQUESTS THROUGH EMAIL, POSTAL SERVICE, OR TELEPHONE. SUCH REQUESTS ARE FULFILLED THROUGH THE FINANCE OFFICE OF THE COLLEGE. FORM 990, PART XI, LINE 9: TRANSFER FROM ENDOWMENT TO OTHER ORGANIZATION -300,000.