2025-01-20T12:05:14-06:00 2024-06-30 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2023-07-01 521231768 FREDERICK COMMUNITY COLLEGE FOUNDATION INC FRED 3018462438 7932 OPOSSUMTOWN PIKE FREDERICK MD 21702 FRANK JARBOE SR TREASURER 3018462438 2025-01-15 1 0 TOBI HOLLANDER P03218061 4105840060 2023 2024-10-15 13:58:12Z FRANK JARBOE SR 7932 OPOSSUMTOWN PIKE FREDERICK MD 21702 2166845 0 X WWW.FREDERICK.EDU X 1981 MD TO PROVIDE SUPPORT TO FREDERICK COMMUNITY COLLEGE. 14 14 0 130 0 0 712166 975515 0 0 509544 1073669 96710 85784 1318420 2134968 1000022 1323464 0 0 20819 0 0 0 47957 89658 299008 1110499 1622472 207921 512496 20849348 22143950 83670 93983 20765678 22049967 THE FOUNDATION PROVIDES SUPPORT TO THE FREDERICK COMMUNITY COLLEGE TO ENHANCE THE AWARDING OF SCHOLARSHIPS TO QUALIFIED STUDENTS AND OTHER PROGRAMS PROVIDED BY THE COLLEGE. 0 0 1168892 1042794 SCHOLARSHIPS PROVIDED TO FREDERICK COMMUNITY COLLEGE STUDENTS. 314610 280670 PROGRAM SUPPORT TO FREDERICK COMMUNITY COLLEGE. 1483502 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MD AK CA CO DC KY ME MA MI MN NH NJ NY OH OR SC WA X GREGORY ENLOE EXECUTIVE DIRECTOR 3018462438 7932 OPOSSUMTOWN PIKE FREDERICK MD 21702 ANNESA CHEEK FCC PRESIDENT 1.00 40.00 X 0 321055 79135 JUSTIN RAMSBURG CHAIR 1.00 0.00 X X 0 0 0 REBA BEAVER SECRETARY 1.00 0.00 X X 0 0 0 CHRISTOPHER CLEMONS VICE CHAIR 1.00 0.00 X X 0 0 0 FRANK JARBOE SR TREASURER 1.00 0.00 X X 0 0 0 PHILIP G SEWELL MEMBER 0.50 0.00 X 0 0 0 JAMES RACHEFF MEMBER 0.50 0.00 X 0 0 0 WIL GRAHAM MEMBER 0.50 0.00 X 0 0 0 CODY WEINBERG MEMBER 0.50 0.00 X 0 0 0 JON HOLMES MEMBER 0.50 0.00 X 0 0 0 NIDEEN MORRISON MEMBER 0.50 0.00 X 0 0 0 SHANTAY DEMAR MEMBER 0.50 0.00 X 0 0 0 DAVE SCHMIDT MEMBER 0.50 0.00 X X 0 0 0 DANIEL SPRUILL MEMBER 0.50 0.00 X 0 0 0 MYRNA WHITWORTH MEMBER 0.50 0.00 X 0 0 0 DEBORAH POWELL RETIRED 63024 FCCF EXECUTIVE DIRECTOR 1.00 40.00 X 0 127250 31906 0 448305 111041 0 1 1 0 0 975515 38700 975515 385042 385042 688627 0 688627 688627 688627 117661 31877 85784 85784 2134968 688627 0 470826 280670 280670 1042794 1042794 5250 5250 185562 136378 30798 18386 3235 3235 28748 9114 11237 8397 34658 5381 28281 996 11571 3669 4522 3380 1040 247 279 514 13172 3217 6244 3711 8254 2032 4402 1820 FUNDRAISING EVENT 7518 7518 1622472 1483502 91013 47957 333529 369741 20487599 21733708 28220 40501 20849348 22143950 18751 27000 64919 66983 83670 93983 X 15420270 4485561 5345408 17564406 20765678 22049967 20849348 22143950 X 512496 770810 983 X X 0 1 X 1 0 X 572951 611426 697160 712166 975515 3569218 345047 333832 314070 369942 419214 1782105 917998 945258 1011230 1082108 1394729 5351323 5351323 1017029 742992 1695193 509544 1073669 5038427 1077 56229 50270 128887 117661 354124 10743874 0.49810 0.50710 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENT INCOME - 2020 AMOUNT: $ 56,229. 2021 AMOUNT: $ 50,270. 2022 AMOUNT: $ 128,887. 2023 AMOUNT: $ 117,661. GAIN ON THE SALE OF DONATED STOCK - 2019 AMOUNT: $ 1,077. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14702246 210748 1161627 401233 95105 15578283 14262401 167319 735622 532260 -69164 14702246 14312171 108603 239683 327795 70261 14262401 11580467 127576 2959539 276423 78988 14312171 11643549 253916 41495 284448 74045 11580467 0.39000 0.36000 0.25000 0 0 0 USMF UNITIZED INVESTMENT FUND 21733708 F 21733708 DUE TO FREDERICK COMMUNITY COLLEGE 66983 66983 X 3269165 770810 419214 -56810 1133214 2135951 -983 -983 2134968 1984876 419214 95105 514319 1470557 183792 -31877 151915 1622472 PART V, LINE 4: THE MAJORITY OF THE ENDOWMENT FUNDS PROVIDE SCHOLARSHIP FUNDING AND THE REMAINING MINORITY OF THE ENDOWMENT FUNDS PROVIDE PROGRAM SUPPORT FOR FREDERICK COMMUNITY COLLEGE. PART X, LINE 2: THE FOUNDATION AND THE CORPORATION ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR CERTAIN UNRELATED BUSINESS INCOME. ACCORDINGLY, NO INCOME TAX EXPENSE HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ESTABLISH GUIDELINES FOR RECOGNIZING, MEASURING, AND DISCLOSING TAX RETURN POSITIONS IN FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE FOUNDATION AND DETERMINED THAT THE APPLICATION OF ASC 740 HAD NO MATERIAL IMPACT ON ITS FINANCIAL STATEMENTS. ACCORDINGLY, NO ADJUSTMENTS FOR UNRECOGNIZED TAX BENEFITS OR RELATED INTEREST OR PENALTIES WERE REQUIRED AS OF JUNE 30, 2024. IF APPLICABLE, THE FOUNDATION WOULD RECOGNIZE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. MANAGEMENT IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WOULD SIGNIFICANTLY INCREASE OR DECREASE DURING THE NEXT TWELVE MONTHS. PURSUANT TO INTERNAL REVENUE SERVICE RULES FOR THE STATUTE OF LIMITATIONS, THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: ENDOWMENT ADMINISTRATIVE FEE REVENUE -183,792. ADMINISTRATIVE FEE INCOME 95,105. FUNDRAISING DIRECT EXPENSE 31,877. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST -983. PART XII, LINE 2D - OTHER ADJUSTMENTS: ENDOWMENT ADMINISTRATIVE FEE EXPENSE 95,105. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSE -31,877. 1 FREDERICK COMMUNITY COLLEGE 7932 OPOSSUMTOWN PIKE FREDERICK MD 21702 520743590 170(B)(1)(A)(IV) 279678 0 TO PROVIDE SUPPORT FOR FREDERICK COMMUNITY COLLEGE'S PROGRAMS. SCHOLARSHIPS/STUDENT AID 1690 1036194 AWARDS 16 6600 PART I, LINE 2: THE FOUNDATION WORKS WITH THE COLLEGE FINANCIAL AID OFFICE TO ENSURE THAT SCHOLARSHIP RECIPIENTS MEET THE CRITERIA OF EACH INDIVIDUAL SCHOLARSHIP AS SET FORTH BY DONORS. REQUEST FORMS STATING INTENDED USE AND WITH VARIOUS LEVELS OF REQUIRED SIGNATURES ARE REQUIRED TO REQUEST RESTRICTED FUNDS FROM THE FOUNDATION. USUALLY THE FUNDS ARE DEPOSITED INTO RESTRICTED COLLEGE ACCOUNTS. 0 0 0 0 0 0 0 0 0 ANNESA CHEEK FCC PRESIDENT 0 321055 0 0 0 0 0 42007 0 37128 0 400190 0 0 DEBORAH POWELL RETIRED 63024 FCCF EXECUTIVE DIRECTOR 0 127250 0 0 0 0 0 9318 0 22589 0 159157 0 0 X MICROPLATE READER 1 34000 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B AVAILABLE MEMBERS, REPRESENTING A MAJORITY OF TOTAL MEMBERS OF THE EXECUTIVE BOARD OF THE FCC FOUNDATION, REVIEW THE 990 PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE ASKED TO SIGN A CONFLICT OF INTEREST POLICY ANNUALLY AND TO REPORT ANY ITEMS THAT MAY BE A CONFLICT. WE TRACK RECEIPT OF THE SIGNED FORMS. THE BOARD CHAIR AND EXECUTIVE DIRECTOR REVIEW THE SIGNED FORMS AND NOTE ANY POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINES 15A AND 15B: THE ORGANIZATION DOES NOT HAVE EMPLOYEES; THEREFORE, THESE POLICIES DO NOT APPLY TO THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST 983. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FOUNDATION FOR THE FCC FUND INC 7932 OPPOSSUMTOWN PIKE FREDERICK MD 21702 522187026 DISTRIBUTION OF REAL ESTATE CONTRIBUTIONS MD 501(C)(3) LINE 11A, I FREDERICK COMMUNITY COLLEGE FOUNDATION INC 1 FREDERICK COMMUNITY COLLEGE 7932 OPPOSSUMTOWN PIKE FREDERICK MD 21702 520743590 COMMUNITY COLLEGE MD N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 FREDERICK COMMUNITY COLLEGE B 1323464 FMV FREDERICK COMMUNITY COLLEGE N 101171 FMV FREDERICK COMMUNITY COLLEGE O 413043 FMV FREDERICK COMMUNITY COLLEGE P 95000 FMV