2024-05-08T10:30:25-05:00 2023-06-30 210658561 BOWMAN & COMPANY LLP 601 WHITE HORSE ROAD VOORHEES NJ 080432493 990 2022-07-01 222393679 ATLANTIC CAPE COMMUNITY COLLEGE FOUNDATION ATLA 6093434900 5100 BLACK HORSE PIKE MAYS LANDING NJ 08330 JEAN MCALISTER EXECUTIVE DIRECTOR 6093434901 2024-05-08 1 JEAN MCALISTER 999009999 1 FRED S CALTABIANO P01352512 8564356200 2024-05-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEAN MCALISTER 5100 BLACK HORSE PIKE MAYS LANDING NJ 08330 4141663 0 X WWW.ATLANTIC.EDU/FOUNDATION X 1978 NJ THE ATLANTIC CAPE COMMUNITY COLLEGE FOUNDATION'S MISSION IS TO PROVIDE FUNDING AND SUPPORT TO ATLANTIC CAPE COMMUNITY COLLEGE, ITS STUDENTS, AND EDUCATIONAL ENDEAVORS, THROUGH SPECIAL EVENT FUNDRAISING AND COMMUNITY PHILANTHROPY. 36 34 0 70 0 0 745986 786320 0 0 317649 -5096 168329 179828 1231964 961052 764794 836046 0 0 0 0 0 0 109418 158845 175533 923639 1011579 308325 -50527 5704991 6289632 968649 1201532 4736342 5088100 THE ATLANTIC CAPE COMMUNITY COLLEGE FOUNDATION'S MISSION IS TO PROVIDE FUNDING AND SUPPORT TO ATLANTIC CAPE COMMUNITY COLLEGE, ITS STUDENTS AND EDUCATIONAL ENDEAVORS, THROUGH SPECIAL EVENT FUNDRAISING AND COMMUNITY PHILANTHROPY. 0 0 842657 836046 ANNUAL AND ENDOWED SCHOLARSHIPS, GRANTS-IN-AID, AND EMERGENCY SUPPORT FOR STUDENTS ENROLLED AT ATLANTIC CAPE COMMUNITY COLLEGE. 842657 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 X 36 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X X JEAN MCALISTER EXECUTIVE DIRECTOR 6093434900 5100 BLACK HORSE PIKE MAYS LANDING NJ 08330 JAMES M RUTALA PRESIDENT 5.00 X X 0 0 0 KENNETH J CALEMMO JR FIRST VICE PRESIDENT 2.00 X X 0 0 0 TERRY BUDD SECOND VICE PRESIDENT 2.00 X X 0 0 0 NICHOLAS CASHAN III THIRD VICE PRESIDENT 2.00 X X 0 0 0 LINDA BAZEMORE TREASURER 5.00 X X 0 0 0 STEPHEN R NEHMAD ESQ SECRETARY 2.00 X X 0 0 0 CHRISTINA CLEMANS TRUSTEE LIAISON 1.00 X 0 0 0 JULIA TRAIN BOT LIASON STUDENT 1.00 X 0 0 0 CYNTHIA COOPER DIRECTOR 1.00 X 0 0 0 VINCENT D'ALESSANDRO DIRECTOR 1.00 X 0 0 0 ROBERT W BUCKNAM JR ESQ DIRECTOR 1.00 X 0 0 0 VICKI CLARK DIRECTOR 1.00 X 0 0 0 WENDY BARTLETT DIRECTOR 1.00 X 0 0 0 ADETORO ABODERIN DIRECTOR 1.00 X 0 0 0 KATHY BIRKENSTOCK DIRECTOR 1.00 X 0 0 0 JONATHAN DIEGO DIRECTOR 1.00 X 0 0 0 LESLIE DILUIGI DIRECTOR 1.00 X 0 0 0 BHAVINI DOSHI DIRECTOR 1.00 X 0 0 0 TRINA MCSORLEY DIRECTOR 1.00 X 0 0 0 REBECCA GUERRASIO DIRECTOR 1.00 X 0 0 0 CHARLES E PESSAGNO DIRECTOR 1.00 X 0 0 0 GORDON J PHERRIBO DIRECTOR 1.00 X 0 0 0 STEPHANIE M SCOLA DIRECTOR 1.00 X 0 0 0 RYAN SMITH DIRECTOR 1.00 X 0 0 0 AHMET SAHINGOZ DIRECTOR 1.00 X 0 0 0 HUGH TURNER DIRECTOR 1.00 X 0 0 0 ZACHARY MULLOCK DIRECTOR 1.00 X 0 0 0 CHRISTOPHER MULARZ DIRECTOR 1.00 X 0 0 0 JEAN MCALISTER EXECUTIVE DIRECTOR 13.00 27.00 X X 0 116500 38252 JEFF WENZEL ASSOCIATE DIRECTOR 30.00 10.00 X X 0 89602 43600 CHRIS LEE DIRECTOR 1.00 X 0 0 0 JAMES J LEES JR DIRECTOR 1.00 X 0 0 0 MICHAEL MONTY DIRECTOR 1.00 X 0 0 0 STEVEN STOKES DIRECTOR 1.00 X 0 0 0 TOM SUTHARD DIRECTOR 1.00 X 0 0 0 DR BARBARA GABA ATLANTIC CAPE PRESIDENT 1.00 39.00 X 0 214160 74680 0 420262 156532 0 0 1 0 0 98980 687340 79500 786320 166237 166237 2829483 3000816 -171333 -171333 -171333 337323 98980 168185 169138 169138 22300 11610 10690 10690 961052 0 0 174732 46210 46210 789836 789836 8000 800 7200 15375 15375 4642 316 2846 1480 701 31 280 390 EVENTS EXPENSES 79500 79500 MISCELLANEOUS 48908 4174 37570 7164 PRINTING AND POSTAGE 11395 589 5297 5509 SOFTWARE 7012 701 6311 1011579 842657 59504 109418 399970 590705 73190 47330 797 1445 5231034 5650152 5704991 6289632 909095 1108654 59554 92878 968649 1201532 X 391733 526591 4344609 4561509 4736342 5088100 5704991 6289632 -50527 402285 0 X X 0 1 X 1 0 X 720455 594572 569352 745986 786320 3416685 720455 594572 569352 745986 786320 3416685 0 0 0 3416685 186337 143567 154356 249259 166237 899756 186337 143567 154356 249259 166237 899756 906792 738139 723708 995245 952557 4316441 0.79160 0.79270 0.20840 0.20730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3412751 49100 134702 -100000 3496553 3463601 19182 29968 -100000 3412751 3315955 39584 203037 -94975 3463601 3292657 7529 139619 -123850 3315955 3121165 150420 110993 -89920 3292657 1 0 0 MUTUAL FUNDS 5157467 F STOCKS 492685 F 5650152 X 1723350 402285 145655 547940 1175410 -214358 -214358 961052 1371592 145655 214358 360013 1011579 0 1011579 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS CONSIST OF INVESTMENTS TO BE HELD IN PERPETUITY. SOME ENDOWMENTS REQUIRE THAT 10% AND 20% OF THE INCOME BE ADDED TO PRINCIPAL AND THE REMAINDER BE USED TO FUND SCHOLARSHIPS. OTHER ENDOWMENTS REQUIRE THAT ALL INCOME BE USED FOR SCHOLARSHIPS. PART X, LINE 2: THE ORGANIZATION FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD(FASB) GUIDANCE THAT REQUIRES A TAX POSITION TO BE RECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. NO INTEREST OR PENALTIES PERTAINING TO UNCERTAIN TAX POSITIONS WERE REQUIRED TO BE RECOGNIZED IN THE YEAR ENDED JUNE 30, 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT EXPENSES OF FUNDRAISING AND GAMING EVENTS -214,358. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES OF FUNDRAISING AND GAMING EVENTS 214,358. ACCC COLLEGE GALA 340756 83800 256956 79500 28208 4350 22675 GOLF OUTING 69252 11600 57652 9388 2904 5689 2 26295 3580 22715 5530 9941 436303 98980 337323 88888 36642 4350 38305 168185 169138 22300 11181 429 0 22300 11181 429 11610 10690 NJ 1 0 0 0 0 0 1 ATLANTIC CAPE COMMUNITY COLLEGE 5100 BLACK HORSE PIKE MAYS LANDING NJ 08330 237368159 N/A 46210 0 EDUCATIONAL ENDEAVORS SCHOLARSHIPS TO STUDENTS OF ATLANTIC CAPE COMMUNITY COLLEGE 383 591298 PART I, LINE 2: THE ORGANIZATION PROVIDES GRANTS TO ATLANTIC CAPE COMMUNITY COLLEGE, WITH WHOM IT IS RELATED. THE USE OF GRANT FUNDS IS MONITORED DIRECTLY. IN ADDITION, THE COLLEGE RECEIVES DIRECTLY AND MONITORS THE EDUCATIONAL ACTIVITIES AND ELIGIBILITY OF THE STUDENTS THAT RECEIVE SCHOLARSHIPS FROM THE ORGANIZATION. X X 0 0 0 0 0 0 0 0 0 DR BARBARA GABA ATLANTIC CAPE PRESIDENT 0 214160 0 0 0 0 0 0 0 74680 0 288840 0 0 JEAN MCALISTER EXECUTIVE DIRECTOR 0 116500 0 0 0 0 0 0 0 38252 0 154752 0 0 FORM 990, PART III THE FOUNDATION HAS NO STAFF. COLLEGE STAFF HELP TO SUPPORT THE FOUNDATION ACTIVITIES AS PART OF THEIR ONGOING DUTIES. THE EXECUTIVE DIRECTOR IS ON AN ANNUAL CONTRACT WITH THE COLLEGE AND COMPENSATION MIRRORS THOSE SALARY LEVELS, RAISES, AND BENEFITS DETERMINED BY LABOR CONTRACT NEGOTIATIONS. X FUNDRAISING 89 118874 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE MEMBERS OF THE FOUNDATION FINANCE COMMITTEE WHO VOTE TO APPROVE IT AND RECOMMEND APPROVAL BY THE BOARD OF DIRECTORS. AT THE NEXT REGULARLY SCHEDULED FULL BOARD MEETING, THE CHAIR MAKES A RECOMMENDATION AND THE FULL BOARD VOTES ON THE FORM 990. IF THE FULL BOARD IS NOT MEETING PRIOR TO DATE OF REQUIRED SUBMISSION, THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES AND THE PRESIDENT AND OTHER OFFICERS SIGN AND SUBMIT THE FORM 990 AND THE FULL BOARD IS INFORMED AT THE NEXT REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C EVERY JUNE AT THE TIME OF THE ANNUAL MEETING AND AFTER ELECTIONS, MEMBERS OF THE BOARD OF DIRECTORS ARE ASKED TO REVIEW THE POLICY AND SIGN AN ACKNOWLEDGEMENT FORM. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION HAS NO EMPLOYEES. COLLEGE STAFF HELP TO SUPPORT THE FOUNDATION'S ACTIVITIES AS PART OF THEIR ONGOING DUTIES. THE EXECUTIVE DIRECTOR IS ON AN ANNUAL CONTRACT WITH THE COLLEGE AND COMPENSATION MIRRORS THOSE SALARY LEVELS, RAISES, AND BENEFTIS DETERMINED BY LABOR CONTRACT NEGOTIATIONS. FORM 990, PART VI, SECTION C, LINE 19 POLICIES AND PROCEDURES, ANNUAL AUDIT, AND BYLAWS AND ARE LOCATED AT WWW.ATLANTIC.EDU/FOUNDATION. FORM 990 CAN BE OBTAINED VIA THE WEBSITE WWW.GUIDESTAR.ORG. IN ADDITION THE FOUNDATION ANNUAL AUDIT IS INCORPORATED INTO THE COLLEGE AUDIT WHICH IS INCLUDED IN THE ANNUAL REPORT-BOTH PUBLISHED AND ON THE WEB. FORM 1023 IS MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PREVIOUS YEAR ATLANTIC CAPE COMMUNITY COLLEGE 5100 BLACK HORSE PIKE MAYS LANDING NJ 08330 237368159 EDUCATIONAL INSTITUTION NJ N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 0 ATLANTIC CAPE COMMUNITY COLLEGE R 836046 ACCRUAL BASIS ATLANTIC CAPE COMMUNITY COLLEGE O 348403 ACCRUAL BASIS