Civic Intelligence

Middlesex Coummunity College Foundation Inc.

990 • Fiscal year 2017 • EIN 04-2973384

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 20, 2017

591 Springs RoadBedford, MA 01730

(781) 280-3523

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

34th percentile

0.09x

Higher debt load relative to revenue than 34% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

88th percentile

39%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

66th percentile

9.2%

Faster asset growth than 66% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

19th percentile

-9.2%

Faster revenue growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$6,257,200

Up $525,768 (+9.2%) from 2016

Net Assets

Up

$6,219,126

Up $491,734 (+8.6%) from 2016

Liabilities

Up

$38,074

Up $34,034 (+842%) from 2016

Revenue

Down

$434,321

Down $44,215 (-9.2%) from 2016

Expenses

Up

$263,767

Up $8,874 (+3.5%) from 2016

Net Income

Down

$170,554

Down $53,089 (-24%) from 2016

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

2017

Assets$6,257,200
Liabilities$38,074
Net Assets$6,219,126

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

2017

Revenue$434,321
Expenses$263,767
Net Income$170,554
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 20, 2017
Return Version
2016v3.0
Gross Receipts
$640,128
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
Savings and Temporary Cash Investments$3,100,523$3,430,471▲ $329,948
Cash and Non-Interest-Bearing Accounts$1,983,654$2,196,990▲ $213,336
Land, Buildings, and Equipment, Net$565,084$521,785▼ $43,299
Accounts Receivable$35,544$58,584▲ $23,040
Prepaid Expenses and Deferred Charges$46,627$49,370▲ $2,743
Total Assets$5,731,432$6,257,200▲ $525,768
Liabilities
Other Liabilities$0$18,619▲ $18,619
Accounts Payable and Accrued Expenses-$15,688-
Deferred Revenue$4,040$3,767▼ $273
Total Liabilities$4,040$38,074▲ $34,034
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,426,921$3,679,337▲ $252,416
Unrestricted Net Assets$2,100,471$2,339,789▲ $239,318
Permanently Rstr Net Assets$200,000$200,000→ $0
Total Net Assets Fund Balance$5,727,392$6,219,126▲ $491,734
Total Liabilities and Net Assets / Fund Balance$5,731,432$6,257,200▲ $525,768

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$360,785$736,699-
Land$161,000--
Equipment$0$157,934-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$2,311,847-▲ $142,435-$2,454,282
2015$2,327,162-▼ $15,315-$2,311,847
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
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$415,823
Program Service Revenue
$0
Investment Income
$83,528
Other Revenue
$-65,030
All Other Contributions
$181,593
Change in Net Assets
$170,554

Audited Revenue Reconciliation

Revenue per Audited Statements
$413,563
Revenue Not Reported on Financial Statements
$20,757
Revenue Not Reported on Form 990
$605,121
Total Revenue per Audited Statements
$1,018,684
Total Revenue per Form 990
$434,320
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$135,650
Other Expenses$128,117
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$135,650--$135,650
Fees for Services Accounting-$16,400-$16,400
Other Expenses$82,122$2,464-$2,464
All Other Expenses-$34-$34
Total Functional Expenses$217,772$45,995$0$263,767

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$526,950
Expenses Not Reported on Form 990$283,940
Total Expenses per Form 990$263,767
Expenses per Audited Statements$243,010
Expenses Not Reported on Financial Statements$20,757
Other Expense Adjustments$20,757
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Middlesex Community CollegeBedford, MA115To Provide Scholarships for Students Attending Middlesex Community College.$130,070
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$164,425
Fundraising Gross Income$21,254
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Celebrity Forum$247,061$12,831$159,498$-146,667
Total Events$255,484$21,254$164,425$-143,171
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$18,619
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 11B

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
591 SPRINGS ROAD, BEDFORD, MA 01730

Signing Officer

Name
James W Henderson
Title
Treasurer
Phone
7812803523
Signed
2017-11-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Abbey Henderson
Formed
1987
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
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 43,299. Special event cost reported on line 8b 143,171.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Depreciation allocated to rental expense line 6b 43,299. Special event cost reported on line 8b 143,171.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Investment management fees 20,757.

Raw XML AppendixShowing 400 of 569 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt015688
IRS990/AccountsReceivableGrp/BOYAmt035544
IRS990/AccountsReceivableGrp/EOYAmt058584
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO 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.
IRS990/AllOtherContributionsAmt0181593
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt034
IRS990/AllOtherExpensesGrp/TotalAmt034
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KATHLEEN RICH
IRS990/BooksInCareOfDetail/PhoneNum07812803504
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 716 SPRING ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0BEDFORD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001730
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01983654
IRS990/CashNonInterestBearingGrp/EOYAmt02196990
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd01
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContriRptFundraisingEventAmt0234230
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0415823
IRS990/CYGrantsAndSimilarPaidAmt0135650
IRS990/CYInvestmentIncomeAmt083528
IRS990/CYOtherExpensesAmt0128117
IRS990/CYOtherRevenueAmt0-65030
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0170554
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0263767
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0434321
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt04040
IRS990/DeferredRevenueGrp/EOYAmt03767
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0TO ENABLE MIDDLESEX COMMUNITY COLLEGE, A STATE OWNED AND OPERATED EDUCATIONAL INSTITUTION TO PROVIDE EDUCATIONAL ASSISTANCE TO MASSACHUSETTS RESIDENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0217772
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt016400
IRS990/FeesForServicesAccountingGrp/TotalAmt016400
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0JAMES W HENDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm1CAROLE A COWAN
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID BASILE
IRS990/Form990PartVIISectionAGrp/PersonNm3DUANE E TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES M GEARY
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN COGLIANO JR
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN P CHEMALY
IRS990/Form990PartVIISectionAGrp/PersonNm7LOIS ALVES
IRS990/Form990PartVIISectionAGrp/PersonNm8LURA SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm9ROBERT A BARTON
IRS990/Form990PartVIISectionAGrp/PersonNm10ABBEY HENDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm11SAMIR A DESAI
IRS990/Form990PartVIISectionAGrp/PersonNm12ERIC W HANSON
IRS990/Form990PartVIISectionAGrp/PersonNm13WILLIAM C CHEMELLI
IRS990/Form990PartVIISectionAGrp/PersonNm14TIMOTHY GLASER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0234230
IRS990/FundraisingDirectExpensesAmt0164425
IRS990/FundraisingGrossIncomeAmt021254
IRS990/GainOrLossGrp/SecuritiesAmt030117
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt0135650
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0135650
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0135650
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt030117
IRS990/GrossReceiptsAmt0640128
IRS990/GrossRentsGrp/RealAmt0119523
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt053411
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt053411
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0894633
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0565084
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0521785
IRS990/LandBldgEquipCostOrOtherBssAmt01416418
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/RealAmt041382
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/NetAssetsOrFundBalancesBOYAmt05727392
IRS990/NetAssetsOrFundBalancesEOYAmt06219126
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt030117
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt030117
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-143171
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-143171
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt078141
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt078141
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0321180
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/Desc3CREDIT CARD FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020757
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16340
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22464
IRS990/OtherExpensesGrp/ProgramServicesAmt082122
IRS990/OtherExpensesGrp/TotalAmt082122
IRS990/OtherExpensesGrp/TotalAmt120757
IRS990/OtherExpensesGrp/TotalAmt26340
IRS990/OtherExpensesGrp/TotalAmt32464
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt018619
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0200000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0200000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt046627
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt049370
IRS990/PrincipalOfficerNm0ABBEY HENDERSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0409385
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0134500
IRS990/PYInvestmentIncomeAmt0123640
IRS990/PYOtherExpensesAmt0120393
IRS990/PYOtherRevenueAmt0-54489
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0223643
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0254893
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0478536
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0170554
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt078141
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03100523
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03430471
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0236766
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0304670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0316346
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0352442
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0392552
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01602776
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt053411
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt075215
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt090997
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt091994
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt094089
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0405706
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0258932
IRS990ScheduleA/PublicSupportCY170Pct00.72840
IRS990ScheduleA/PublicSupportPY170Pct00.71100
IRS990ScheduleA/PublicSupportTotal170Amt01462946
IRS990ScheduleA/SubstantialContributorsTotAmt0139830
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0236766
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0304670
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0316346
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0352442
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0392552
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01602776
IRS990ScheduleA/TotalSupportAmt02008482
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/BookValueAmt0360785
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0736699
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01097484
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02311847
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02454282
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0142435
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02327162
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02311847
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-15315
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02260470
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02332691
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt072221
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01929500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0200000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02260470
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0130970
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01850007
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01929500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt079493
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt097470
IRS990ScheduleD/DonatedServicesUseFcltsAmt097470
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0157934
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0157934
IRS990ScheduleD/ExpensesNotReportedAmt0283940
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt020757
IRS990ScheduleD/ExpensesSubtotalAmt0243010
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncldAmt020757
IRS990ScheduleD/LandGrp/BookValueAmt0161000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0161000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0321181
IRS990ScheduleD/OtherExpensesIncludedAmt0186470
IRS990ScheduleD/OtherExpensesNotIncludedAmt020757
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018619
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/OtherRevenueAmt0186470
IRS990ScheduleD/RevenueNotReportedAmt0605121
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt020757
IRS990ScheduleD/RevenueSubtotalAmt0413563
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 43,299. SPECIAL EVENT COST REPORTED ON LINE 8B 143,171.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3DEPRECIATION ALLOCATED TO RENTAL EXPENSE LINE 6B 43,299. SPECIAL EVENT COST REPORTED ON LINE 8B 143,171.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4INVESTMENT MANAGEMENT FEES 20,757.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0521785
IRS990ScheduleD/TotalExpensesPerForm990Amt0263767
IRS990ScheduleD/TotalLiabilityAmt018619
IRS990ScheduleD/TotalRevenuePerForm990Amt0434320
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01018684
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0526950
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0234230
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0234230
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0164425
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CELEBRITY FORUM
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0247061
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt08423
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0255484
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt012831
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt08423
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt021254
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-143171

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
2017Detailed filing. Detailed filing data is available for this year.$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