Form 990 for tax year 2024
Filed by THE CARROLL COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $6,894,911
- Total expenses
- $1,547,684
- Contributions and grants received
- $5,737,183
- Grants paid
- $1,379,393
- Program service revenue
- $0
- Investment income
- $1,136,177
- Other revenue
- $21,551
- Total assets, end of year
- $36,200,705
- Total liabilities, end of year
- $50,149
- Net assets or fund balances, end of year
- $36,150,556
- Program services expenses (Part IX)
- $1,393,366
- Management and general expenses
- $113,592
- Fundraising expenses
- $40,726
- Program service expenses (Part III)
- $1,393,366
Program services were 90.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$124,555
-
1f · All other contributions, gifts and grants
$5,612,628
-
3 · Investment income
total $820,073 · excluded $820,073
-
7a · Gross sales of assets other than inventory
securities $7,633,043
-
7b · Less cost or other basis and sales expenses
securities $7,316,939
-
7c · Gain or loss
securities $316,104
-
7d · Net gain or loss
total $316,104 · related or exempt $316,104
-
8a · Fundraising events: gross income
$81,108
-
8a · Fundraising events: contributions included on line 1c
$124,555
-
8b · Fundraising events: direct expenses
$59,557
-
8c · Net income from fundraising events
total $21,551 · excluded $21,551
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $824,696 · program services $824,696
-
2 · Grants to domestic individuals
total $554,697 · program services $554,697
-
11f · Fees: investment management
total $94,189 · management and general $94,189
-
11g · Fees: other
total $44,297 · program services $4,818 · management and general $16,256 · fundraising $23,223
-
13 · Office expenses
total $27,291 · program services $6,641 · management and general $3,147 · fundraising $17,503
-
24a · Other expenses: TRAINING AND DEVELOPMEN
total $2,514 · program services $2,514
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,478,504 · end of year $1,246,045
-
3 · Pledges and grants receivable
beginning of year $2,655,040 · end of year $3,643,463
-
4 · Accounts receivable
beginning of year $2,663 · end of year $2,963
-
11 · Investments: publicly traded securities
beginning of year $24,052,889 · end of year $30,714,364
-
15 · Other assets
beginning of year $646,569 · end of year $593,870
-
18 · Grants payable
beginning of year $71,511 · end of year $50,149
-
27 · Net assets without donor restrictions
beginning of year $8,283,803 · end of year $10,653,445
-
28 · Net assets with donor restrictions
beginning of year $20,480,351 · end of year $25,497,111
Mission and programs · 2024
Mission
THE FOUNDATION IS A NON-PROFIT CORPORATION DEDICATED TO THE DEVELOPMENT OF FINANCIAL RESOURCES FOR THE COLLEGE TO SUPPORT THE EDUCATIONAL NEEDS OF ALL STUDENTS, BUSINESSES AND THE ENTIRE COMMUNITY.
Activities or mission (Part I)
PROVIDE SUPPORT TO CARROLL COMMUNITY COLLEGE.
-
THE FOUNDATION PROVIDES SCHOLARSHIP FUNDS TO QUALIFIED STUDENTS OF CARROLL COMMUNITY COLLEGE AS WELL AS EQUIPMENT AND OTHER SUPPORT DIRECTLY TO THE COLLEGE. IN THE CURRENT YEAR, 340 SCHOLARSHIPS WERE AWARDED.
Expenses $1,393,366 · Grants $1,379,393
As filed on the 2024 return.
Listed in Part VII
-
Benjamin ScheperBENJAMIN SCHEPER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Steven AquinoSTEVEN AQUINO
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Lori SullivanLORI SULLIVAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Tony ChiavacciTONY CHIAVACCI
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Lorene ShifflerLORENE SHIFFLER
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Keith BryanKEITH BRYAN
AT-LARGE BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Coleen BealCOLEEN BEAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Joseph DimaggioJOSEPH DIMAGGIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Gary HarrisGARY HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Virginia HarrisonVIRGINIA HARRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Bernard Jones SrBERNARD JONES SR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Denis LewisDENIS LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dante LiberatoreDANTE LIBERATORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Alison MartinALISON MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Emily Bollinger MillerEMILY BOLLINGER MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
James SchwartzJAMES SCHWARTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Walter SmithWALTER SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Margaret WelliverMARGARET WELLIVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Brian WolfeBRIAN WOLFE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Steven WantzSTEVEN WANTZ
EXECUTIVE DIRECTOR
- Total calculated
- $191,382
- From this org
- $0
- From related orgs
- $154,607
- Other
- $36,775
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $0 + $152,685 related
- Bonus
- $0
- Other
- $0 + $1,922 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $36,775 related
- Filer's total
- $0 + $191,382 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE TOP MANAGEMENT OFFICIAL'S COMPENSATION IS PAID BY CARROLL COUNTY COMMUNITY COLLEGE, A RELATED TAX-EXEMPT ORGANIZATION. THE COLLEGE USED A WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
CARROLL COUNTY COMMUNITY COLLEGE
$824,696
TO PROVIDE COLLEGE SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CARROLL COUNTY COMMUNITY COLLEGE
SECTION 115 · COLLEGE · MD
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601359349315200
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