2010 Annual Report Asnuntuck Community College Foundation

asnuntuck.edu

2010 Annual Report Asnuntuck Community College Foundation

10th Annual Golf TournamentFundraiserACC Foundation Annual ReportPage 7COMMITTEE MEMBERSSCHOLARSHIP SPONSORS360 Federal Credit UnionAllied Community ServicesRadiology Associates of Hartford, PCFollett Higher Education GroupG. Donovan Associates, Inc.Enfield Savings BankRich Tkacz, ChairpersonFrank GulluniTim HurlockKatie KelleyDonna Jones-SearleJoe MullerEd PalombaPaul PoutreLaurie RosnerTim St. JamesDean WernPRESIDENTAL SPONSORFive Guys Burgers & FriesDINNER SPONSORRockville Bank FoundationSpecial thanks toall of our generousand supportivesponsors, donors,golfers andvolunteers.


Scholarship RecipientsACC Foundation Annual ReportPage 8Nadia Kober Writing Scholarship$500.00Daniel ManginiThomas Carragher Scholarship$500.00Allison SpakoskiRobert Burke Scholarship$500.00 eachDesiree BradleyKayla DirenzoMary RudnikShantel SmithLauren StefaniakMarie SullivanRobert McDonald Scholarship$500.00Kaela HutherAlvin F. Harding Scholarship$500.00Karen AverillAnne Mazza Memorial Scholarship$500.00Jennifer DzierzawskiHeidi PyrchBetty SchullerHarthe StefaniakJoyce Keating “Women in Business”Grant$1,000.00Janet BergeronWal-Mart Literacy Scholarship$500.00Amy JordanManufacturing TechnologyCollege Connections-Spring 2010$841.00Dallas DeMichaelManufacturing Tech. ProgramScholarshipsCorey BurwoodTim FloresJacob GarrowJohn LeaderTobias MeleChristian PelletierNathan SlicerJay YapleManufacturing TechnologyGranby College ConnectionsAllen FluckigerBrett JohnsonJesse MerceyShane NortonTosalf RafossIrlen Family Scholarship$500.00Lorrie RocheRenee Schools


Scholarship Recipients(continued)ACC Foundation Annual ReportPage 9Golf Tournament Scholarships$1,000.00360 Federal Credit UnionAlyssa LepkoEnfield Savings BankTroy MaylottAllied Community ServicesElizabeth LaliberteFollett Higher EducationMichael OneyG. Donovan Associates, Inc.Evelyn FullerRadiology Associates ofHartford, PCMary Rudnik


Independent Auditors’ ReportACC Foundation Annual ReportPage 10VIOLA, CHRABASCZ, REYNOLDS & CO. LLPCertified Public AccountantsINDEPENDENT AUDITORS’ REPORTTo the Board of DirectorsAsnuntuck Community – Technical College Foundation, Inc.Enfield, CT 06082We have audited the accompanying statement of financial position of Asnuntuck Community –Technical College Foundation, Inc. (a nonprofit organization) as of December 31, 2010 and 2009,and the related statements of activities and cash flows for the years then ended. These financialstatements are the responsibility of the Organization’s management. Our responsibility is to expressan opinion on these financial statements based on our audits.We conducted our audits in accordance with auditing standards generally accepted in the UnitedStates of America. Those standards require that we plan and perform the audit to obtain reasonableassurance about whether the financial statements are free of material misstatement. An audit includesexamining, on a test basis, evidence supporting the amounts and disclosures in the financialstatements. An audit also includes assessing the accounting principles used and significant estimatesmade by management, as well as evaluating the overall financial statement presentation. We believethat our audits provide a reasonable basis for our opinion.In our opinion, the financial statements referred to above present fairly, in all material respects, thefinancial position of Asnuntuck Community – Technical College Foundation, Inc. as of December31, 2010 and 2009, and the changes in its net assets and its cash flows for the years then ended inconformity with accounting principles generally accepted in the United States of America, and inaccordance with Connecticut General Statute (CGS) Sec. 4-37(a) to 4-37(i) inclusive.Viola, Chrabascz, Reynolds & Co. LLPEnfield, ConnecticutMay 13, 2011


Financial StatementsACC Foundation Annual ReportPage 11STATEMENT OF FINANCIAL POSITIONDECEMBER 31, 2010 AND 2009ASSETS2010 2009CURRENT ASSETSCash $ 169,090 $ 147,812Certificates of deposit 34,652 33,629State grant receivable 3,958 3,583Deposits 3,800 3,100Pledges receivable323 5,926211,823 194,050ENDOWMENT ASSETSCash - -Certificates of deposit 137,046 135,171137,046 135,171FIXED ASSETSComputer 1,111 1,111Less: Accumulated depreciation 1,047 91964 192LIABILITIES AND NET ASSETS$ 348,933 $ 329,413NET ASSETSNet assets - unrestricted 176,589 141,008Net assets - temporarily restricted 35,298 53,234Net assets - permanently restricted 137,046 135,171Total net assets 348,933 329,413348,933 329,413


Financial Statements(continued)ACC Foundation Annual ReportPage 12STATEMENT OF ACTIVITIESFOR THE YEARS ENDING DECEMBER 31, 2010 AND 20092010UnrestrictedTemporarilyRestrictedPermanentlyRestrictedTotalREVENUES, GAINS, AND OTHER SUPPORTPublic support and revenues:Donations $ 150 $ 10,153 $ 1,500 $ 11,803Special events/fundraising 83,916 - - 83,916Interest income 2,657 1,352 4,009Transfer of Interest 3,308 (3,308)Net assets restricted by donorsand state matching funds - -375 375TOTAL REVENUES, GAINSAND OTHER SUPPORT 90,031 8,197 1,875 100,103EXPENSESPrograms:Mini-grants 3,925 - - 3,925Program development - - - -Scholarships 6,000 26,133 - 32,1339,925 26,133 36,058Professional fees 3,750 - - 3,750Depreciation 128 - - 128Administration 6,316 - - 6,316Special events/fundraising 34,331 - - 34,33144,525 - - 44,525TOTAL EXPENSES 54,450 26,133 - 80,583CHANGE IN NET ASSETS 35,581 (17,936) 1,875 19,520NET ASSETS, Beginning 141,008 53,234 135,171 329,413NET ASSETS, Ending $ 176,589 $ 35,298 $ 137,046 $ 348,933


Donors, Sponsors, Friends &SupportersACC Foundation Annual ReportPage 14Sincere thank you to all our donors, sponsors, friends, and supporters.$1,000 - $5,000360 Federal Credit UnionAir Temp Mechanical Services, Inc.Allied Community ServicesBobby Burke Memorialc/o Eric GrenierBurke, Mary AnnComcastEnfield Enterprises, Inc.Five Guys Burgers & FriesFollett Higher Education GroupG. Donovan Associates, Inc.Gual, JohnGulluni, Frank D. & MaryJarmoc, Stephen & KarenJuozokas, Edward G. & Catherine L.Keating, Joyce M.McLeod, MarthaMohegan SunMulti-Mode LogisticsNew England BankNutmeg Spinners GuildRadiology Associates of Hartford, PCReuter, JoanRich’s Oil Service, Inc.Rietberg, KathleenRockville Bank Foundation (Bill McGurk)TECT—NewingtonWilliam Laboratories, Inc.c/o Ed & Lois Sharpless$500 - $999Beal, Carole R.Connecticut Valley Landscaping, Inc.Hand of Hope Group #121264Holiday Inn Springfield SouthJ. Supor & SonLandberg, Ulf P. & Linda J.Savings Institute Bank & Trust Co.Sheirer, John M.Simanski, Jr., Joseph & EllenWilkinson, James E.$250 - $499Ahrens, Fuller, St. John & VincentBerger, Atty, Robert B.Costco WholesaleDarling, ShaunEnfield Builders, Inc.Environmental Compliance Services, Inc.Fallon, Esq., Joseph E.FMG Development L.P.Gallegos, JerryHurlock, Timothy J. & Kathy M.Kane, Joanne G.Kelley, KatieLefakis, NickMercik, Kuczarski & Bolduc, LLCNewAlliance BankParker, Polly ChapmanSavings Institute Financial AdvisorsSimonetti, JimSpine Dynamics, Inc.St. James, Timothy & AndreaSuburban Stationers, Inc.Wern, DeanWomen of the MooseWuensch, Darren E.$100 - $249Alexopoulos, Michael & CarolineAmerican Eagle Federal Credit UnionArcouette, Mary J.Associated Agencies of Enfield, Inc.Beaudoin, David & SusanBergquist, Robert S.Borchetta, Frank J.Boyd, Don & MicheleBurke Enterprises, Inc.Canty, Sue & LeoChris Casey Conceptsc/o Tom & Chris CaseyConval, Inc.Country DinerCyr, Gary & CherylDardanelli, KarenDevlin, Peters & Tarpey, LLCEntergy CorporationFalk, Peter J. & Karen HowlandFoley, Teresa E.Fusick Automotive Products, Inc.


Donors, Sponsors, Friends &Supporters (continued)ACC Foundation Annual ReportPage 15Gardiner, Maura A.Gregor, Lynn & Roy D.Harmon, Constance P.Hills, Dean P. & Theresa PronovostHowe, Lise & RobertIrlen, Harvey S. & BarbaraJ. Francis Browne Company, Inc.Kaupin, ScottKuhn, James & ElizabethLeete Stevens Enfield ChapelsMack, Qing Lin & Joel F.Minuteman Pressc/o Lyndsey & Mike WeberMorrison, KathleenMurphy Security Service LLCNelson, Wendy & Cathy TempleNew England Industrial Uniform & RentalNieves, WilfredoO’Connor, David & CynthiaOwens, KarenPalermo, Sam J. & Victoria L.Palomba, Edward J. & CarolynPoutre, PaulRogers Memorial StudioSearle, Donna Jones-Searle & BillSmith, Vincent & JulieSpring Street Service CenterSpecialized Technology Resources (STR)Tallarita, Kathleen M.Tracey, Lawrence P. & Michele A.Turgeon, John E. & Cheryl T.United Gear & Machine, Inc.Viola, Chrabascz, Reynolds & Co., LLPVisco, Joseph C.Visual Changes, Inc.Wanczyk, HenryWeller, Jody$50 - $99Aetna Giving CampaignBegley, Brendan M.Bessette, Raymond & DeniseBrennan, Jude & CarmelaCox, Hugh & JudithCT Commercial Realty & Select HomesDuffy, Mary E.Freshwater Veterinary HospitalHemingway, Eugenie R.Labbadia, GailLanigan, StacyMargolfo, Kevin & PatriciaMoriarty, Timothy & RitaMushibaNortheast Utilities Foundation, Inc.O’Palick, Stephen P.Provost, Janice S.Ragno, Maria D.Reilly, TimothyTechnical Education SolutionsTrentham, EdwinaUp to $49Accounting & Auditing Services, Inc.Baron, AmandaBleicher, JoeBreyer, William D.Cesan, Bryant D.Cleary, CharlesDawson, Larry E.Egan, JeanGelbwasser, Sherry E.Gervascio, JosephGilbert, StevenJemison, BeverlyLockwood, Virginia D. & Robert J.Marconi, Leslie R.Matusko, DebbieMullarkey, Michaela & Austin BurtPelton, Russell & SusanPetkovich, Ernest J. & Ann B.Samuelman, Alfred & CarolynSeekins, SherriSeidel, Phillip G.Shaffer, Judith K.Sheridan, Donald & JaneStec, Frances M.Stoppelman, Susan & JulianTaylor, Robert J.Umgelter, Gina (Robert)SupportersAdams, John


Donors, Sponsors, Friends &Supporters (continued)ACC Foundation Annual ReportPage 16Agruso, JacquelynAnderson, Keith & SharonAndras, Patti & StephenAubrey, Dixon & Turgeon, LLCAwards & MoreBadhe, Sandip & SaundraBarron, Kathy A.Bourassa, Guy J. & Jill M.Brooks, Roderick T. & Barbara E.Butler, John & CynthiaClarkin, Jean B.Coach, Michelle & ChristopherCote, Gary R.Cotnoir, Michael & Julie A.D’Alessio, JimmyDelbiondo, JenniferDemers, Donna J.Drinan, DaveEastman, DanielFitzgerald, Heidi & JosephFolkers, Elaine A.Fonseca, Francisco & CynthiaFreebern, Shane & JillGill, David A.Hall, Carol A. & Fred M.Hayden, LauraHelechu, Michael W. & Dora L.Hogan, Kimberly A.Irish American Political PartnershipJackson, James & SharonJanik, Thomas & MarshaJohnson, RobertKeller, Jeffrey & SusanKluczwski, StacyL’Cuyer, Mr. & Mrs.LaCroix, SageMangini, Joel & CynthiaMarrella, Gregory & SarahMazgulski, J.A.McCarthy, Barbara W.McGinty, Matthew & StefanieMcGurk, William J. & Mary C.Nabors, Patricia A.Nelson, Patricia J. & Brent H.Noll, James & ElizabethOkun, Gale J.Pantera, Matthew & CandicePappas, AndrewPatenaude, MariaPinney, David & PatriciaPioneer Valley Wellness Inc.Porcello, Rose AnnProvencher, Earl F. & Constance G.Quinn, KimberlyRowell, John & SallySchaffer, JeffreySeaman, JeffreySilverstein, Richard & KathleenSisco, Brenda & BrianSlepchuk, Jewel M.Smith, Joann & MichaelSpacht, Dean P.Spazzarini, Diane & MarkSpears, Steve G.Steele, Mary J.Tazzini & Son, George B. Funeral HomeThompson, Susan M.Turner, MarilynnVanDermark, Lisa (Elle)Walenta, FranWilliams, LindaWitbro, AmyThe Asnuntuck Community College Foundationis committed to acknowledging ourdonors’ generosity with every effort madeto ensure accuracy.If you do find that your name was misspelledor recognized incorrectly, weapologize and ask that you contact theFoundation Office at860-253-3041.


“The test of ourprogress is notwhether we add moreto the abundance ofthose who have much;it is whether weprovide enough forthose who have toolittle.”Franklin D. RooseveltThe Asnuntuck Community College Foundation, Inc., is aseparate entity from Asnuntuck Community College, andformed under Section 501(c)(3) of the U.S. Internal RevenueCode. The Foundation has been classified as non profit by theIRS, and all contributions are tax deductible to the extent allowableby law.


A College So Close . . .That Can Take You So Far

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