Civic Intelligence

Middlesex Coummunity College Foundation Inc.

990 • Fiscal year 2013 • EIN 04-2973384

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 28, 2014

Organization ProfileN/A
PO Box 716 Spring RoadLowell, MA 01730

(781) 280-3523

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

24th percentile

0.06x

Higher debt load relative to revenue than 24% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Net Margin

92nd percentile

56%

Higher net margin than 92% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2013

Asset Growth

66th percentile

7.7%

Faster asset growth than 66% of similar nonprofits.

2013 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$5,355,316

Up $382,323 (+7.7%) from 2012

Net Assets

Up

$5,313,316

Up $382,323 (+7.8%) from 2012

Liabilities

Flat

$42,000

Flat from 2012

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin92nd percentile

Revenue

$750,275

No earlier filing loaded for comparison.

Expenses

Up

$332,130

Up $46,051 (+16%) from 2012

Net Income

$418,145

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $4,463,317Liabilities 2010: $14,313Net Assets 2010: $4,449,0042010Assets 2011: $4,469,564Liabilities 2011: $42,000Net Assets 2011: $4,427,5642011Assets 2012: $4,972,993Liabilities 2012: $42,000Net Assets 2012: $4,930,9932012Assets 2013: $5,355,316Liabilities 2013: $42,000Net Assets 2013: $5,313,3162013Assets 2014: $5,628,489Liabilities 2014: $27,500Net Assets 2014: $5,600,9892014Assets 2015: $5,694,260Liabilities 2015: $43,125Net Assets 2015: $5,651,1352015Assets 2016: $5,731,432Liabilities 2016: $4,040Net Assets 2016: $5,727,3922016Assets 2017: $6,257,200Liabilities 2017: $38,074Net Assets 2017: $6,219,1262017Assets 2018: $7,151,396Liabilities 2018: $31,941Net Assets 2018: $7,119,4552018Assets 2019: $7,301,224Liabilities 2019: $52,945Net Assets 2019: $7,248,2792019Assets 2020: $7,749,537Liabilities 2020: $3,700Net Assets 2020: $7,745,8372020Assets 2021: $8,363,120Liabilities 2021: $57,469Net Assets 2021: $8,305,6512021Assets 2022: $10,630,358Liabilities 2022: $3,030,256Net Assets 2022: $7,600,1022022Assets 2023: $10,063,321Liabilities 2023: $1,518,452Net Assets 2023: $8,544,8692023Assets 2024: $10,690,435Liabilities 2024: $1,056,433Net Assets 2024: $9,634,0022024

Highlighted filing

2013

Assets$5,355,316
Liabilities$42,000
Net Assets$5,313,316
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $247,2622010Expenses 2011: $352,7462011Expenses 2012: $286,0792012Revenue 2013: $750,275Expenses 2013: $332,130Net Income 2013: $418,1452013Revenue 2014: $579,802Expenses 2014: $362,788Net Income 2014: $217,0142014Revenue 2015: $325,414Expenses 2015: $202,631Net Income 2015: $122,7832015Revenue 2016: $478,536Expenses 2016: $254,893Net Income 2016: $223,6432016Revenue 2017: $434,321Expenses 2017: $263,767Net Income 2017: $170,5542017Revenue 2018: $1,434,144Expenses 2018: $498,423Net Income 2018: $935,7212018Revenue 2019: $1,199,310Expenses 2019: $1,066,365Net Income 2019: $132,9452019Revenue 2020: $1,338,294Expenses 2020: $905,662Net Income 2020: $432,6322020Revenue 2021: $1,032,499Expenses 2021: $1,156,663Net Income 2021: -$124,1642021Revenue 2022: $1,662,026Expenses 2022: $1,244,150Net Income 2022: $417,8762022Revenue 2023: $2,214,557Expenses 2023: $1,543,722Net Income 2023: $670,8352023Revenue 2024: $3,240,637Expenses 2024: $2,580,871Net Income 2024: $659,7662024

Highlighted filing

2013

Revenue$750,275
Expenses$332,130
Net Income$418,145
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 28, 2014
Return Version
2013v3.0
Gross Receipts
$928,558
Mission and Program Overview

Mission

SEE 990 PAGE 1, LINE 1.

To enlist private sector support in furtherance of the educational and charitable purposes of middlesex community college. It is the vehicle for fundraising from individuals, corporations, small businesses and private foundations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,161,313$2,100,132▼ $61,181
Savings and Temporary Cash Investments$1,442,479$1,771,780▲ $329,301
Cash and Non-Interest-Bearing Accounts$585,886$742,854▲ $156,968
Land, Buildings, and Equipment, Net$716,712$672,813▼ $43,899
Prepaid Expenses and Deferred Charges$54,036$67,737▲ $13,701
Accounts Receivable$12,567$0▼ $12,567
Total Assets$4,972,993$5,355,316▲ $382,323
Liabilities
Deferred Revenue$42,000$42,000→ $0
Total Liabilities$42,000$42,000→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,514,278$3,183,949▲ $669,671
Unrestricted Net Assets$2,416,715$1,922,796▼ $493,919
Permanently Rstr Net Assets-$206,571-
Total Net Assets Fund Balance$4,930,993$5,313,316▲ $382,323
Total Liabilities and Net Assets / Fund Balance$4,972,993$5,355,316▲ $382,323

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$511,813$585,671-
Land$161,000--
Equipment$0$157,934-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$1,929,500$200,000▲ $130,970-$2,260,470
2012$1,850,007-▲ $79,493-$1,929,500
2011$1,827,397-▲ $22,610-$1,850,007
2010$1,728,569-▲ $98,828-$1,827,397
2009$1,611,530-▲ $117,039-$1,728,569
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
James W HendersonPresident
Abbey HendersonDirector
David BasileDirector
Duane E TaylorDirector
Edward M CawleyDirector
Eric W HansonDirector
James H Mullen JrDirector
James M GearyDirector
John Cogliano JrDirector
John P ChemalyDirector
Leo CreeganDirector
Lois AlvesDirector
Lura SmithDirector
Robert a BartonDirector
Samir DesaiDirector
Terrence J MccarthyDirector
Thomas F MckayDirector
James F Linnehan JrExecutive Director
David C GriebTreasurer/ Clerk
Revenue and Support

Revenue Composition

Contributions and Grants
$527,615
Program Service Revenue
$0
Investment Income
$263,710
Other Revenue
$-41,050
All Other Contributions
$352,442
Change in Net Assets
$418,145

Audited Revenue Reconciliation

Revenue per Audited Statements
$739,302
Revenue Not Reported on Financial Statements
$10,973
Revenue Not Reported on Form 990
$223,945
Total Revenue per Audited Statements
$963,247
Total Revenue per Form 990
$750,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$224,600
Grants and Similar Amounts Paid$107,530
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$107,530--$107,530
Fees for Services Accounting-$13,000-$13,000
Other Expenses$197,658$280-$280
Total Functional Expenses$305,188$26,942$0$332,130

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$522,701
Total Expenses per Form 990$332,130
Expenses per Audited Statements$321,157
Expenses Not Reported on Form 990$201,544
Expenses Not Reported on Financial Statements$10,973
Other Expense Adjustments$10,973
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
---To Provide Scholarships for Students Attending Middlesex Community College.$107,530
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$134,384
Fundraising Gross Income$36,862
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$196,982$21,809$126,434$-104,625
Event 2$5,330$5,330$100$5,230
Total Events$212,035$36,862$134,384$-97,522
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“A draft of the 990 is reviewed by management prior to filing.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

EIN
04-2973384
Phone
7812803523

Signing Officer

Name
David Grieb
Title
Treasurer
Phone
7812803523
Signed
2014-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David C Grieb
Formed
1987
Legal Domicile
Ma
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
0

Preparer

Preparer
Richard B Dionne
Phone
9784522500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No change since prior year.”

Financial Statement Notes

PART III, LINE 4:

“The foundation has various works of art held for visual enjoyment and cultural exposure for the students of the college which have not been recorded in the books and records of the foundation”

PART X, LINE 2:

“The foundation, incorporated under chapter 180 of the massachusetts general laws as a tax exempt entity, has been granted tax-exempt status under internal revenue code (irc) section 501(c)(3) and is classified as other than a private foundation as defined by section 509(a) of the irc. Therefore, it is generally exempt from federal and state income taxes. Accordingly, no provision for income taxes is provided for in the accompanying financial statements. The foundation is required by fasb asc 740-10 to evaluate and disclose tax positions that could have an effect on the foundation's financial statements. The foundation reports its activities to the internal revenue service and to the commonwealth of massachusetts on an annual basis. These informational returns are generally subject to audit and review by the governmental agencies for a period of three years after filing. Substantially all of the foundation's income, expenditures and activities relate to its exempt purpose. Therefore, management has determined that the foundation is not subject to unrelated business income taxes and will continue to qualify as a tax exempt not-for-profit entity.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Depreciation allocated to rental expense line 6b 43,899. Special event cost reported on line 8b 134,384.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Depreciation allocated to rental expense line 6b 43,899. Special event cost reported on line 8b 134,384.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment management fees 10,973.”

Raw XML AppendixShowing 400 of 579 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER/ CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0175173
IRS990/FundraisingDirectExpensesAmt0134384
IRS990/FundraisingGrossIncomeAmt036862
IRS990/GainOrLossGrp/SecuritiesAmt0171716
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GrantAmt0107530
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0107530
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0107530
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0171716
IRS990/GrossReceiptsAmt0928558
IRS990/GrossRentsGrp/RealAmt0100371
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt091994
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt091994
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02161313
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02100132
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0743605
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0716712
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0672813
IRS990/LandBldgEquipCostOrOtherBssAmt01416418
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/RealAmt043899
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE 990 PAGE 1, LINE 1.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04930993
IRS990/NetAssetsOrFundBalancesEOYAmt05313316
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0171716
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0171716
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-97522
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-97522
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt056472
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt056472
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt022401
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1INVESTMENT FEES
IRS990/OtherExpensesGrp/Desc2BANK CHARGES
IRS990/OtherExpensesGrp/Desc3FILING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010973
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12689
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2280
IRS990/OtherExpensesGrp/ProgramServicesAmt0197658
IRS990/OtherExpensesGrp/TotalAmt0197658
IRS990/OtherExpensesGrp/TotalAmt110973
IRS990/OtherExpensesGrp/TotalAmt22689
IRS990/OtherExpensesGrp/TotalAmt3280
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0206571
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt054036
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt067737
IRS990/PrincipalOfficerNm0DAVID C GRIEB
IRS990/PriorPeriodAdjustmentsAmt0-58223
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0586368
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt067604
IRS990/PYInvestmentIncomeAmt0140670
IRS990/PYOtherExpensesAmt0218475
IRS990/PYOtherRevenueAmt032838
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0473797
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0286079
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0759876
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0418145
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt056472
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01442479
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01771780
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0352442
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0392552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0210871
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0386765
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0133035
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01475665
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt091994
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt094089
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt092485
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt081818
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt091889
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0452275
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0936866
IRS990ScheduleA/PublicSupportCY170Pct00.70170
IRS990ScheduleA/PublicSupportPY170Pct00.70060
IRS990ScheduleA/PublicSupportTotal170Amt01352783
IRS990ScheduleA/SubstantialContributorsTotAmt0122882
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0352442
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0392552
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0210871
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0386765
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0133035
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01475665
IRS990ScheduleA/TotalSupportAmt01927940
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt0511813
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0585671
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01097484
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01929500
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0200000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02260470
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0130970
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01850007
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01929500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt079493
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01827397
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01850007
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022610
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01728569
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01827397
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt098828
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01611530
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01728569
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0117039
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt023261
IRS990ScheduleD/DonatedServicesUseFcltsAmt023261
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0157934
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0157934
IRS990ScheduleD/ExpensesNotReportedAmt0201544
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt010973
IRS990ScheduleD/ExpensesSubtotalAmt0321157
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncldAmt010973
IRS990ScheduleD/LandGrp/BookValueAmt0161000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0161000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt022401
IRS990ScheduleD/OtherExpensesIncludedAmt0178283
IRS990ScheduleD/OtherExpensesNotIncludedAmt010973
IRS990ScheduleD/OtherRevenueAmt0178283
IRS990ScheduleD/RevenueNotReportedAmt0223945
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt010973
IRS990ScheduleD/RevenueSubtotalAmt0739302
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS VARIOUS WORKS OF ART HELD FOR VISUAL ENJOYMENT AND CULTURAL EXPOSURE FOR THE STUDENTS OF THE COLLEGE WHICH HAVE NOT BEEN RECORDED IN THE BOOKS AND RECORDS OF THE FOUNDATION
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION, INCORPORATED UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS AS A TAX EXEMPT ENTITY, HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION AS DEFINED BY SECTION 509(A) OF THE IRC. THEREFORE, IT IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS REQUIRED BY FASB ASC 740-10 TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. SUBSTANTIALLY ALL OF THE FOUNDATION'S INCOME, EXPENDITURES AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE. THEREFORE, MANAGEMENT HAS DETERMINED THAT THE FOUNDATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX EXEMPT NOT-FOR-PROFIT ENTITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DEPRECIATION ALLOCATED TO RENTAL EXPENSE LINE 6B 43,899. SPECIAL EVENT COST REPORTED ON LINE 8B 134,384.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3DEPRECIATION ALLOCATED TO RENTAL EXPENSE LINE 6B 43,899. SPECIAL EVENT COST REPORTED ON LINE 8B 134,384.

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,355,316
Liabilities
$42,000
Net assets
$5,313,316
Revenue
$750,275
Expenses
$332,130
Net income
$418,145
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.7$1.06$9.63$3.24$2.58$0.66
2023Detailed filing. Detailed filing data is available for this year.$10.1$1.52$8.54$2.21$1.54$0.67
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$3.03$7.60$1.66$1.24$0.42
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.36$0.06$8.31$1.03$1.16$0.12
2020Detailed filing. Detailed filing data is available for this year.$7.75$0.00$7.75$1.34$0.91$0.43
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.30$0.05$7.25$1.20$1.07$0.13
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.15$0.03$7.12$1.43$0.50$0.94
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.26$0.04$6.22$0.43$0.26$0.17
2016Summary only. Only limited summary data is available for this year.$5.73$0.00$5.73$0.48$0.25$0.22
2015Summary only. Only limited summary data is available for this year.$5.69$0.04$5.65$0.33$0.20$0.12
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$5.63$0.03$5.60$0.58$0.36$0.22
2013Detailed filing. Detailed filing data is available for this year.$5.36$0.04$5.31$0.75$0.33$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.97$0.04$4.93$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.47$0.04$4.43$0.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.46$0.01$4.45$0.25