2024-05-15T09:50:34-05:00 2023-06-30 222027092 WITHUM SMITH BROWN PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2022-07-01 222536037 ROXBURY COMMUNITY COLLEGE FOUNDATION INC ROXB 6174260060 1234 COLUMBUS AVENUE 210 ROXBURY MA 02120 REV RAY HAMMOND BOARD CHAIR 6176356769 2024-05-10 1 REV RAY HAMMOND XXX-XX-XXXX 0 ZACHARY WILLIAM LAFLASH P02521174 6174711120 2024-05-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z REV RAY HAMMOND 1234 COLUMBUS AVENUE 210 ROXBURY MA 02120 3926984 0 X N/A X 1983 MA TO RAISE FUNDS FROM PRIVATE SOURCES TO SUPPORT THE EDUCATION OPPORTUNITIES FOR THE STUDENTS OF ROXBURY COMMUNITY COLLEGE AND SUPPORT PROGRAMS, PROJECTS AND ACTIVITIES THAT BENEFIT BOTH THE COLLEGE AND ITS STUDENTS. 11 10 0 2 0 0 114864 2553164 0 0 189420 114896 0 25200 304284 2693260 0 0 0 0 0 0 0 0 133459 53080 357291 53080 357291 251204 2335969 3044188 5607010 6352 136717 3037836 5470293 X THE FOUNDATION'S MISSION IS TO RAISE FUNDS FROM PRIVATE SOURCES TO SUPPORT THE EDUCATION OPPORTUNITIES FOR THE STUDENTS OF ROXBURY COMMUNITY COLLEGE AND SUPPORT PROGRAMS, PROJECTS AND ACTIVITIES THAT BENEFIT BOTH THE COLLEGE AND ITS STUDENTS. 1 0 0 0 COLLEGE GRANTS: (1) GRANTS TO PURCHASE EQUIPMENT AND SUPPLIES FOR ROXBURY COMMUNITY COLLEGE'S LIFE SCIENCES & NURSING DEPARTMENTS. (2) SUPPORT OF THE ("RCC") SUPPLEMENTAL INSTRUCTION ("SI") PROGRAM WHICH TARGETS DEVELOPMENTAL MATH STUDENTS AND PROVIDES REGULARLY SCHEDULED OUT-OF-CLASS, AND PEER-FACILITATED GROUP STUDY SESSIONS THAT ARE DEVOTED TO REINFORCING THE INFORMATION AND SKILLS LEARNED IN THE CLASSES. (3) SUPPORT FOR RCC'S MENTORING FOR SUCCESS PROGRAM; AN EFFORT TO INCREASE SUPPORT FOR ROXBURY STUDENTS TO ENABLE THEM TO IMPROVE ACADEMIC PERFORMANCE, INCREASE RETENTION, GRADUATION AND MATRICULATION TO 4-YEAR INSTITUTIONS. 0 0 MERIT AND NEED-BASED SCHOLARSHIPS AWARDED TO STUDENTS OF ROXBURY COMMUNITY COLLEGE. 157400 DEVELOPMENT. CONSULTING UTILIZED TO EXPAND AND DEVELOP THE ORGANIZATION FOR THE BETTERMENT AND FURTHER CARRY OUT THEIR MISSION. 157400 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 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 0 0 X 11 10 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MA X NON PROFIT CAPITAL MANAGEMENT 7819336726 41 MAIN STREET STERLING MA 01564 REVEREND DR RAY HAMMOND CHAIR 1.00 X X 0 0 0 MR ROBERT V WARD JR VICE-CHAIR 1.00 X X 0 0 0 MS STEPHANIE MONAGHAN TREASURER 1.00 X X 0 0 0 MS GRACE H LEE CLERK 1.00 X X 0 0 0 HON LESLIE HARRIS MEMBER 1.00 X 0 0 0 MR GREGORY KING MEMBER 1.00 X 0 0 0 MS EVA MITCHELL MEMBER 1.00 X 0 0 0 REV DR EVAN CHARLES HINES MEMBER 1.00 X 0 0 0 MR GERALD CHERTAVIAN MEMBER 1.00 X 0 0 0 DR JACKIE JENKINS-SCOTT INTERIM PRESIDENT 1.00 40.00 X 0 199692 0 SHERIFF STEVEN TOMPKINS RCC CHAIR/MEMBER 1.00 X 0 0 0 VALERIE ROBERSON PAST PRESIDENT 0.00 X 0 148334 0 0 348026 0 0 1 1 0 DENELLA JAMES CLARK 126 BROOKLINE AVE 3RD FLOOR BOSTON MA 02215 CONSULTING 110000 1 2553164 2553164 59227 59227 987093 931424 55669 55669 55669 327500 302300 25200 25200 2693260 0 0 140096 X 70 70 36930 36930 25506 25506 249506 157400 1788 90318 43141 43141 2138 2138 357291 157400 66432 133459 267002 320970 361647 1021816 0 152500 2326 8987 1400 1400 2411813 4101337 3044188 5607010 6352 9812 0 126905 6352 136717 X 131010 420391 2906826 5049902 3037836 5470293 3044188 5607010 2335969 96488 0 X X 0 1 X 1 0 X 67925 492200 374279 114864 2553164 3602432 86171 86171 42083 55332 0 269757 154096 578371 416362 170196 2553164 3872189 3872189 95302 95302 29713 83068 59227 362612 4234801 0.91440 0.79110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1725420 666666 308341 2700427 2061851 -336431 1725420 1478055 712796 129000 2061851 1608077 14478 144500 1478055 1557823 50254 1608077 0.53756 0.46244 0 0 0 DUE TO ROXBURY COMMUNITY COLLEGE 126905 126905 X 3066542 96488 302300 398788 2667754 25506 25506 2693260 634085 302300 302300 331785 25506 25506 357291 PART V, LINE 4: ENDOWMENT FUNDS ARE RESTRICTED BY THE DONOR AGAINST ANY EXPENDITURE OF PRINCIPAL. THESE FUNDS ARE RESTRICTED FOR VARIOUS SCHOLARSHIP AND LOAN PROGRAMS AS WELL AS VARIOUS ACADEMIC PURPOSES SOLELY FOR ROXBURY COMMUNITY COLLEGE. THE FOUNDATION FOLLOWS THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) GUIDELINES ON THE MANAGEMENT AND INVESTMENT OF ENDOWMENT FUNDS. THE FOUNDATION'S BOARD OF DIRECTORS ESTABLISHED A SPENDING POLICY WHICH ALLOWS FOR UP TO FIVE PERCENT OF THE THREE YEAR QUARTERLY MOVING AVERAGE MARKET VALUE OF THE INVESTMENT PORTFOLIO TO BE USED TO FUND OPERATIONS AND PROGRAMS FOR ANY GIVEN YEAR. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" (MLTN) SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE FOUNDATION MAY, HOWEVER, BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 302,300. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 302,300. FUNDRAISER 327500 327500 165399 44160 27855 64886 327500 327500 165399 44160 27855 64886 302300 25200 1 PART I, LINE 2: ROXBURY COMMUNITY COLLEGE FOUNDATION MONITORS ITS USE OF GRANT FUNDS BY AWARDING THESE FUNDS TO SPECIFIC PROGRAMS OR TO SPECIFIC INDIVIDUALS TO BE USED AT THE COLLEGE AND IN ACCORDANCE WITH THE PURPOSE OF THE INDIVIDUAL GRANTS. PERIODIC FOLLOW-UP IS COMPLETED TO ENSURE THAT FUNDS ARE APPROPRIATELY USED FOR THEIR SPECIFIC PURPOSE,PROGRAM, AND SCHOLARSHIP. 0 0 0 0 0 0 0 0 0 DR JACKIE JENKINS-SCOTT INTERIM PRESIDENT 0 199692 0 0 0 0 0 0 0 0 0 199692 0 0 VALERIE ROBERSON PAST PRESIDENT 0 148334 0 0 0 0 0 0 0 0 0 148334 0 0 FORM 990, PART III, LINE 2 THE FOUNDATION UTILIZED CONSULTANTS TO EXPAND AND DEVELOP IN ORDER TO FURTHER CARRY OUT THEIR MISSION. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION UTILIZED AN EXTERNAL CONSULTANT, NON PROFIT CAPITAL MANAGEMENT, LLC. TO DO BOOKKEEPING, PROGRAM ADMINISTRATION AND FINANCIAL CONSULTING. FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DOES NOT HAVE ANY SUBCOMMITTIES, ONLY THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS GIVEN TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. ONCE APPROVED, THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REGULARLY UPDATES AND DISTRIBUTES COPIES OF THE FINANCIAL CONTROL MANUAL AND EACH DIRECTOR IS ASKED IF THEY HAVE READ AND UNDERSTOOD IT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE FORWARDED TO THE COLLEGE AND MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G DEVELOPMENT CONSULTANT: PROGRAM SERVICE EXPENSES 157,400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 157,400. PERSONNEL COSTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 90,318. TOTAL EXPENSES 90,318. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,788. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,788. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE SELECTION AND RETENTION OF AUDITORS AS WELL AS OVERSIGHT OF THE AUDIT OF THE FOUNDATION. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ROXBURY COMMUNITY COLLEGE 1234 COLUMBUS AVENUE ROXBURY MA 02120 042726857 TO SUPPORT THE EDUCATION OPPORTUNITIES FOR THE STUDENTS OF THE COLLEGE MA 115 N/A N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ROXBURY COMMUNITY COLLEGE E 126905 COST