Civic Intelligence

Middlesex Coummunity College Foundation Inc.

990 • Fiscal year 2014 • EIN 04-2973384

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 23, 2015

PO Box 716 Spring RoadBedford, MA 01730

(781) 280-3523

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

20th percentile

0.05x

Higher debt load relative to revenue than 20% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

86th percentile

$269,540

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 46.5% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

58th percentile

5.1%

Faster asset growth than 58% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

11th percentile

-23%

Faster revenue growth than 11% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$5,628,489

Up $273,173 (+5.1%) from 2013

Net Assets

Up

$5,600,989

Up $287,673 (+5.4%) from 2013

Liabilities

Down

$27,500

Down $14,500 (-35%) from 2013

Revenue

Down

$579,802

Down $170,473 (-23%) from 2013

Expenses

Up

$362,788

Up $30,658 (+9.2%) from 2013

Net Income

Down

$217,014

Down $201,131 (-48%) from 2013

Historical Trend

Balance Sheet Trend

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

2014

Assets$5,628,489
Liabilities$27,500
Net Assets$5,600,989

Operations Trend

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

2014

Revenue$579,802
Expenses$362,788
Net Income$217,014
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 23, 2015
Return Version
2014v5.0
Gross Receipts
$790,391
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$2,100,132$2,246,876▲ $146,744
Savings and Temporary Cash Investments$1,771,780$1,673,603▼ $98,177
Cash and Non-Interest-Bearing Accounts$742,854$1,032,933▲ $290,079
Land, Buildings, and Equipment, Net$672,813$630,033▼ $42,780
Prepaid Expenses and Deferred Charges$67,737$45,044▼ $22,693
Total Assets$5,355,316$5,628,489▲ $273,173
Liabilities
Accounts Payable and Accrued Expenses-$20,000-
Deferred Revenue$42,000$7,500▼ $34,500
Total Liabilities$42,000$27,500▼ $14,500
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,183,949$3,418,133▲ $234,184
Unrestricted Net Assets$1,922,796$1,982,856▲ $60,060
Permanently Rstr Net Assets$206,571$200,000▼ $6,571
Total Net Assets Fund Balance$5,313,316$5,600,989▲ $287,673
Total Liabilities and Net Assets / Fund Balance$5,355,316$5,628,489▲ $273,173

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$469,033$628,451-
Land$161,000--
Equipment$0$157,934-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$2,260,470-▲ $72,221-$2,332,691
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
Compensation and Service Providers

Board Members and Trustees

NameTitle
James W HendersonPresident
Abbey HendersonDirector
Carol a CowanDirector
David BasileDirector
Duane E TaylorDirector
Eric W HansonDirector
James M GearyDirector
John Cogliano JrDirector
John P ChemalyDirector
Leo CreeganDirector
Lois AlvesDirector
Lura SmithDirector
Robert a BartonDirector
Samir DesaiDirector
Terrence J MccarthyDirector
William ChernelliDirector
James F Linnehan JrFormer Executive Director
David C GriebTreasurer/ Clerk
Revenue and Support

Revenue Composition

Contributions and Grants
$518,730
Program Service Revenue
$0
Investment Income
$93,922
Other Revenue
$-32,850
All Other Contributions
$316,346
Change in Net Assets
$217,014

Audited Revenue Reconciliation

Revenue per Audited Statements
$567,644
Revenue Not Reported on Financial Statements
$12,159
Revenue Not Reported on Form 990
$290,753
Total Revenue per Audited Statements
$858,397
Total Revenue per Form 990
$579,803
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$217,738
Grants and Similar Amounts Paid$145,050
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$145,050--$145,050
Fees for Services Accounting-$13,200-$13,200
Other Expenses$139,068$3,259-$3,259
All Other Expenses-$3,052-$3,052
Total Functional Expenses$284,118$78,670$0$362,788

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$570,723
Total Expenses per Form 990$362,789
Expenses per Audited Statements$350,630
Expenses Not Reported on Form 990$220,093
Expenses Not Reported on Financial Statements$12,159
Other Expense Adjustments$12,159
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Middlesex Community CollegeBedford, MA115To Provide Scholarships for Students Attending Middlesex Community College.$145,050
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$167,808
Fundraising Gross Income$74,816
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Celebrity Forum$267,744$65,360$160,547$-95,187
Craft Fair$5,714$5,714$100$5,614
Total Events$277,200$74,816$167,808$-92,992
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 A, Line 2

Abbey henderson is the daughter of james henderson.

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

Filer Name
Middlesex Community College Foundation
EIN
04-2973384
Phone
7812803523
Address
PO BOX 716 SPRING ROAD, BEDFORD, MA 01730

Signing Officer

Name
David Grieb
Title
Treasurer
Phone
7812803523
Signed
2015-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David C Grieb
Formed
1987
Legal Domicile
Ma
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
0

Preparer

Firm
Anstiss & Co Pc
Address
1115 WESTFORD STREET, LOWELL, MA 01851
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 42,780. Special event cost reported on line 8b 167,808.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Depreciation allocated to rental expense line 6b 42,780. Special event cost reported on line 8b 167,808.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Investment management fees 12,159.

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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0202384
IRS990/FundraisingDirectExpensesAmt0167808
IRS990/FundraisingGrossIncomeAmt074816
IRS990/GainOrLossGrp/SecuritiesAmt02925
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantAmt0145050
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0145050
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0145050
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02925
IRS990/GrossReceiptsAmt0790391
IRS990/GrossRentsGrp/RealAmt0102923
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt090997
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt090997
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02100132
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02246876
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0786385
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0672813
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0630033
IRS990/LandBldgEquipCostOrOtherBssAmt01416418
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/RealAmt042781
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/NetAssetsOrFundBalancesBOYAmt05313316
IRS990/NetAssetsOrFundBalancesEOYAmt05600989
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02925
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02925
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-92992
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-92992
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt060142
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt060142
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt070660
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1B&M PROJECT
IRS990/OtherExpensesGrp/Desc2INVESTMENT FEES
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt047000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112159
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23259
IRS990/OtherExpensesGrp/ProgramServicesAmt0139068
IRS990/OtherExpensesGrp/TotalAmt0139068
IRS990/OtherExpensesGrp/TotalAmt147000
IRS990/OtherExpensesGrp/TotalAmt212159
IRS990/OtherExpensesGrp/TotalAmt33259
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0206571
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0200000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt067737
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt045044
IRS990/PrincipalOfficerNm0DAVID C GRIEB
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0527615
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0107530
IRS990/PYInvestmentIncomeAmt0263710
IRS990/PYOtherExpensesAmt0224600
IRS990/PYOtherRevenueAmt0-41050
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0418145
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0332130
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0750275
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0217014
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt060142
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01771780
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01673603
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0316346
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0352442
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0392552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0210871
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0386765
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01658976
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt090997
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt091994
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt094089
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt092485
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt081818
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0451383
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0729567
IRS990ScheduleA/PublicSupportCY170Pct00.72080
IRS990ScheduleA/PublicSupportPY170Pct00.70170
IRS990ScheduleA/PublicSupportTotal170Amt01521183
IRS990ScheduleA/SubstantialContributorsTotAmt0137793
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0316346
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0352442
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0392552
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0210871
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0386765
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01658976
IRS990ScheduleA/TotalSupportAmt02110359
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/BuildingsGrp/BookValueAmt0469033
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0628451
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01097484
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02260470
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02332691
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt072221
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01929500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0200000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02260470
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0130970
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01850007
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01929500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt079493
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01827397
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01850007
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022610
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01728569
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01827397
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt098828
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt09505
IRS990ScheduleD/DonatedServicesUseFcltsAmt09505
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0157934
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0157934
IRS990ScheduleD/ExpensesNotReportedAmt0220093
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt012159
IRS990ScheduleD/ExpensesSubtotalAmt0350630
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncldAmt012159
IRS990ScheduleD/LandGrp/BookValueAmt0161000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0161000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt070660
IRS990ScheduleD/OtherExpensesIncludedAmt0210588
IRS990ScheduleD/OtherExpensesNotIncludedAmt012159
IRS990ScheduleD/OtherRevenueAmt0210588
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.08570
IRS990ScheduleD/RevenueNotReportedAmt0290753
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt012159
IRS990ScheduleD/RevenueSubtotalAmt0567644
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 42,780. SPECIAL EVENT COST REPORTED ON LINE 8B 167,808.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3DEPRECIATION ALLOCATED TO RENTAL EXPENSE LINE 6B 42,780. SPECIAL EVENT COST REPORTED ON LINE 8B 167,808.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4INVESTMENT MANAGEMENT FEES 12,159.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2014Detailed filing. Detailed filing data is available for this year.$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