2024-05-15T22:56:40-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 20 COMMERCE DRIVE SUITE 301 CRANFORD NJ 070163618 990 2022-07-01 223785342 SUSSEX COUNTY COMMUNITY COLLEGE FOUNDATION SUSS 9733002121 ONE COLLEGE HILL ROAD NEWTON NJ 07860 STAN KULA EXECUTIVE DIRECTOR 9733002121 2024-05-15 1 STAN KULA 999009999 1 GARRETT M HIGGINS P00543209 9082726200 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z STAN KULA ONE COLLEGE HILL ROAD NEWTON NJ 07860 639521 0 X WWW.SUSSEX.EDU/FOUNDATION X 1983 NJ THE FOUNDATION FOR SUSSEX COUNTY COMMUNITY COLLEGE ENHANCES THE COLLEGE'S MISSION OF PROVIDING EDUCATIONAL EXCELLENCE AND CULTURAL OPPORTUNITIES TO THE RESIDENTS OF SUSSEX COUNTY AND BEYOND. THE FOUNDATION SUPPORTS THIS MISSION THROUGH FUND-RAISING AND FRIEND-RAISING EFFORTS ON THE COLLEGE'S BEHALF. FUNDS ARE GENERATED THROUGH ANNUAL GIVING CAMPAIGNS, SPECIAL EVENTS, AND DIRECT CONTRIBUTIONS. THE FUNDS RAISED SUPPORT STUDENT SCHOLARSHIPS, INFRASTRUCTURE, AND EXPANSION. 16 16 0 17 0 0 663810 396583 0 0 317212 76600 -4386 2803 976636 475986 198472 265191 0 0 0 0 0 0 32266 169160 144687 367632 409878 609004 66108 3087916 3522079 23166 137515 3064750 3384564 X THE FOUNDATION FOR SUSSEX COUNTY COMMUNITY COLLEGE ENHANCES THE COLLEGE'S MISSION OF PROVIDING EDUCATIONAL EXCELLENCE AND CULTURAL OPPORTUNITIES TO THE RESIDENTS OF SUSSEX COUNTY AND BEYOND. THE FOUNDATION SUPPORTS THIS MISSION THROUGH FUND-RAISING AND FRIEND-RAISING EFFORTS ON THE COLLEGE'S BEHALF. FUNDS ARE GENERATED THROUGH ANNUAL GIVING CAMPAIGNS, SPECIAL EVENTS, AND DIRECT CONTRIBUTIONS. THE FUNDS RAISED SUPPORT STUDENT SCHOLARSHIPS, INFRASTRUCTURE, AND EXPANSION. 0 0 323675 265191 0 TO ASSIST SUSSEX COUNTY COMMUNITY COLLEGE'S GROWTH IN SCHOLARSHIPS, NEW PROGRAMS AND FACULTY DEVELOPMENT TO OFFER EDUCATIONAL OPPORTUNITIES TO THOSE SEEKING POST SECONDARY EDUCATION, AND TO OFFER COMMUNITY AND CULTURAL ACTIVITIES TO RESIDENTS OF SUSSEX COUNTY AND BEYOND. 323675 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NJ X STAN KULA 9733002121 ONE COLLEGE HILL ROAD NEWTON NJ 07860 KETAN GANDHI CFO/DIRECTOR THRU FEB 2023 1.00 40.00 X X 0 0 0 ROGER THOMAS CHAIR 1.00 0.00 X X 0 0 0 JUDE DIGIDIO VICE-CHAIR 1.00 0.00 X X 0 0 0 JIM CARISTIA TREASURER 1.00 0.00 X X 0 0 0 JUDITH A TATERKA SECRETARY 1.00 0.00 X X 0 0 0 ANN BAIN DIRECTOR 1.00 0.00 X X 0 0 0 DR JON H CONNOLLY DIRECTOR 1.00 40.00 X 0 0 0 WILLIAM CURCIO DIRECTOR 1.00 0.00 X 0 0 0 MARYANNE FOX DIRECTOR 1.00 0.00 X 0 0 0 KURT GEWECKE DIRECTOR 1.00 0.00 X 0 0 0 ALISSA ISAACSON DIRECTOR 1.00 0.00 X 0 0 0 SEAN MCGUIRE DIRECTOR 1.00 0.00 X 0 0 0 TYLER MORGUS DIRECTOR 1.00 0.00 X 0 0 0 LORRAINE PARKER DIRECTOR 1.00 0.00 X 0 0 0 CANDICE SMITH DIRECTOR 1.00 0.00 X 0 0 0 ROBIN TOMLINSON DIRECTOR 1.00 0.00 X 0 0 0 HEIDI WEBER DIRECTOR 1.00 0.00 X 0 0 0 STAN KULA EXECUTIVE DIRECTOR 40.00 0.00 X 119900 0 9231 119900 0 9231 1 0 0 1 0 55037 341546 7500 396583 79791 79791 149724 152915 -3191 -3191 -3191 8745 55037 10620 -1875 -1875 4678 0 4678 4678 475986 0 0 79403 108724 108724 156467 156467 15500 15500 510 510 2586 104 2482 21650 8451 4748 8451 2840 2840 PURCHASED SERVICES 87425 44338 24754 18333 PROGRAM EXPENSES 14176 5695 5481 3000 409878 323675 53937 32266 358913 524648 451021 613185 228173 159160 1000 7765 42606 19170 26276 23436 2022533 2193885 3087916 3522079 7125 38362 16041 99153 23166 137515 X 295692 390456 2769058 2994108 3064750 3384564 3087916 3522079 66108 253706 0 X X 0 1 X 1 0 X 656500 559638 465826 663810 396583 2742357 656500 559638 465826 663810 396583 2742357 740433 2001924 59229 127537 229049 153281 79791 648887 4152 3208 0 0 2803 10163 500 500 3401907 0.58850 0.59510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1886265 83568 238463 81578 2126718 1879581 346415 -272927 66804 1886265 1396003 221385 302970 40777 1879581 1389781 36250 -1378 28650 1396003 1251757 67835 101784 31595 1389781 0.09086 0.49594 0.41320 0 0 42606 19170 23436 23436 DUE TO SUSSEX COUNTY COMMUNITY COLLEGE 99153 99153 X 966967 253706 246775 500481 466486 9500 9500 475986 647153 246775 246775 400378 9500 9500 409878 PART V, LINE 4: ENDOWMENTS ARE ESTABLISHED FOR STUDENT SCHOLARSHIPS BASED ON THE CRITERIA SET BY THE DONOR. THE SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO MEET THE REQUIREMENTS FOR EACH INDIVIDUAL SCHOLARSHIP AND THE FUNDS ARE THEN RELEASED. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND, THEREFORE, HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES. IT IS ALSO EXEMPT FROM STATE AND LOCAL INCOME TAXES. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A)(1) OF THE CODE. OTHER SIGNIFICANT TAX POSITIONS INCLUDE ITS DETERMINATION OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"). MANAGEMENT REGULARLY REVIEWS AND EVALUATES ITS TAX POSITIONS TAKEN IN PREVIOUSLY FILED INFORMATION RETURNS AND AS REFLECTED IN ITS FINANCIAL STATEMENTS, WITH REGARD TO ISSUES AFFECTING ITS TAX-EXEMPT STATUS, UNRELATED BUSINESS INCOME AND RELATED MATTERS. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS BEEN DETERMINED THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THEREFORE, MANAGEMENT HAS CONCLUDED THAT NO TAX BENEFITS OR LIABILITIES ARE REQUIRED TO BE RECOGNIZED. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: PROGRAM EXPENSES NETTED AGAINST FUNDRAISING INCOME 9,500. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROGRAM EXPENSES NETTED AGAINST FUNDRAISING INCOME 9,500. ANNUAL SCHOLARSHIP BALL 63782 55037 8745 7625 1495 1500 63782 55037 8745 7625 1495 1500 10620 -1875 1 SUSSEX COUNTY COMMUNITY COLLEGE ONE COLLEGE HILL ROAD NEWTON NJ 07860 222379629 501(C)(3) 108724 0 TO ENHANCE AND SUPPORT THE MISSION OF SUSSEX COUNTY COMMUNITY COLLEGE 1 0 SCHOLARSHIPS 95 156467 PART I, LINE 2: THE FOUNDATION WORKS CLOSELY WITH THE ACCOUNTING/FINANCE OFFICE TO CONFIRM THAT EACH DEPARTMENT THAT RECEIVES A DONATION ON BEHALF OF THE FOUNDATION REMAINS IN COMPLIANCE WITH THE INTENT AND USE OF THE FUNDS. THE SCHOLARSHIP APPLICATION PROCEDURE IS A FORMAL APPLICATION WHEREBY THE STUDENT SUBMITS A SCHOLARSHIP APPLICATION. AFTER THE STUDENT APPLIES, THE SCHOLARSHIP COMMITTEE COMPRISED OF FACULTY, STAFF AND FOUNDATION BOARD MEMBERS DECIDE THE AWARDS BASED ON THE SCHOLARSHIP CRITERIA MANY OF WHICH ARE UNIQUE . STUDENTS THEN GET AWARD OR DECLINE LETTERS AND AFTER RECEIVING THANK YOU LETTERS FROM THE AWARDEES TO THE DONORS OF THE SCHOLARSHIPS, WHICH ARE A REQUIREMENT, FUNDS ARE TRANSFERRED TO STUDENT ACCOUNTS. 0 0 0 0 0 0 0 0 0 STAN KULA EXECUTIVE DIRECTOR 115216 0 0 0 4684 0 9231 0 0 0 129131 0 0 0 PART I, LINE 1A THE COMPENSATION IS FIRST BASED ON THE SCOPE AND LEVEL OF THE POSITION, TAKEN IN CONJUNCTION WITH THE CANDIDATE'S RELEVANT SKILLS AND EXPERIENCE AND AS COMPARED TO MARKET NORMS AND OTHER POSITIONS OF COMPARABLE SCOPE AND LEVEL. THE COMPENSATION OF THE PREDECESSOR IS NOT NECESSARILY A FACTOR AS THE PREDECESSOR POSTION MAY OR MAY NOT HAVE BEEN AT THE SAME SCOPE AND LEVEL. FORM 990, PART VII, LINE 5: STAN KULA, EXECUTIVE DIRECTOR, IS EMPLOYED AND COMPENSATED BY SUSSEX COUNTY COMMUNITY COLLEGE, AN UNRELATED PARTY. HE DEVOTES 100% OF HIS TIME TO SUSSEX COUNTY COMMUNITY COLLEGE FOUNDATION AND, IN COMPLIANCE WITH PART VII INSTRUCTIONS OF THE 990, HAS 100% OF HIS COMPENSATION ALLOCATED TO THE ORGANIZATION($129,131). FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. THE 990 IS COMPLETED AND REVIEWED BY THE SCCC FOUNDATION DIRECTOR AND THE INSTITUTIONAL COMPTROLLER PRIOR TO FILING THE 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C SUSSEX COUNTY COMMUNITY COLLEGE FOUNDATION HAS IN PLACE A CONFLICT-OF-INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL DIRECTORS, OFFICERS, KEY SCCC EMPLOYEES, OR MEMBER OF A FOUNDATION COMMITTEE WITH GOVERNING BOARD DELEGATE POWERS, ANNUALLY SIGN A CONFLICT OF-INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE BOARD WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT EXISTS, THE BOARD OR COMMITTEE WILL INFORM THE MEMBER OF THE BASIS OF SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO RESPOND. THE BOARD OR COMMITTEE MINUTES WILL DOCUMENT THE DISCLOSURE OF THE CONFLICT OF INTEREST AND HOW THE CONFLICT WAS HANDLED. THE PERSON WITH THE ACTUAL CONFLICT OF INTEREST WILL BE PROHIBITED FROM VOTING ON THE MATTER THAT GIVES RISE TO THE CONFLICT. IF THERE HAS BEEN SUBSTANTIAL AND REPEATED FAILURES TO DISCLOSE ACTUAL CONFLICTS OF INTEREST, THE BOARD MAY TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION, INCLUDING REMOVAL OF THE MEMBER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S ENTIRE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.