Civic Intelligence

Middlesex County College Foundation Inc

990 • Fiscal year 2022 • EIN 22-6079662

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

2600 Woodbridge AveEdison, NJ 08818

(732) 906-2564

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.04x

Higher debt load relative to assets than 22% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

53rd percentile

0.36x

Higher debt load relative to revenue than 53% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Net Margin

89th percentile

45%

Higher net margin than 89% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

36th percentile

$111,297

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Asset Growth

11th percentile

-14%

Faster asset growth than 11% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

14th percentile

-13%

Faster revenue growth than 14% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Flat

$20,490,248

Flat from 2022

Net Assets

Flat

$19,605,245

Flat from 2022

Liabilities

Flat

$885,003

Flat from 2022

Revenue

Flat

$2,441,573

Flat from 2022

Expenses

Flat

$1,331,277

Flat from 2022

Net Income

Flat

$1,110,296

Flat from 2022

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $10,547,249Liabilities 2011: $435,920Net Assets 2011: $10,111,3292011Assets 2012: $10,722,551Liabilities 2012: $588,407Net Assets 2012: $10,134,1442012Assets 2013: $11,406,993Liabilities 2013: $709,809Net Assets 2013: $10,697,1842013Assets 2014: $12,978,386Liabilities 2014: $861,890Net Assets 2014: $12,116,4962014Assets 2015: $12,995,617Liabilities 2015: $1,131,756Net Assets 2015: $11,863,8612015Assets 2016: $12,589,531Liabilities 2016: $1,091,063Net Assets 2016: $11,498,4682016Assets 2017: $18,818,260Liabilities 2017: $1,122,232Net Assets 2017: $17,696,0282017Assets 2018: $19,487,756Liabilities 2018: $1,068,881Net Assets 2018: $18,418,8752018Assets 2019: $19,893,802Liabilities 2019: $973,189Net Assets 2019: $18,920,6132019Assets 2020: $20,075,654Liabilities 2020: $1,346,767Net Assets 2020: $18,728,8872020Assets 2021: $23,894,938Liabilities 2021: $917,611Net Assets 2021: $22,977,3272021Assets 2022: $20,490,248Liabilities 2022: $885,003Net Assets 2022: $19,605,2452022Assets 2022: $20,490,248Liabilities 2022: $885,003Net Assets 2022: $19,605,2452022Assets 2023: $21,571,848Liabilities 2023: $1,212,576Net Assets 2023: $20,359,2722023

Highlighted filing

2022

Assets$20,490,248
Liabilities$885,003
Net Assets$19,605,245

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,363,355Expenses 2011: $858,049Net Income 2011: $505,3062011Revenue 2012: $1,337,306Expenses 2012: $1,073,236Net Income 2012: $264,0702012Revenue 2013: $1,267,584Expenses 2013: $1,126,567Net Income 2013: $141,0172013Revenue 2014: $1,949,355Expenses 2014: $1,303,034Net Income 2014: $646,3212014Revenue 2015: $2,314,763Expenses 2015: $1,537,439Net Income 2015: $777,3242015Revenue 2016: $1,189,879Expenses 2016: $1,421,375Net Income 2016: -$231,4962016Revenue 2017: $7,104,194Expenses 2017: $1,473,621Net Income 2017: $5,630,5732017Revenue 2018: $1,645,113Expenses 2018: $1,128,414Net Income 2018: $516,6992018Revenue 2019: $2,017,122Expenses 2019: $1,017,135Net Income 2019: $999,9872019Revenue 2020: $1,005,576Expenses 2020: $1,566,490Net Income 2020: -$560,9142020Revenue 2021: $2,811,630Expenses 2021: $1,312,985Net Income 2021: $1,498,6452021Revenue 2022: $2,441,573Expenses 2022: $1,331,277Net Income 2022: $1,110,2962022Revenue 2022: $2,441,573Expenses 2022: $1,331,277Net Income 2022: $1,110,2962022Revenue 2023: $928,779Expenses 2023: $1,567,637Net Income 2023: -$638,8582023

Highlighted filing

2022

Revenue$2,441,573
Expenses$1,331,277
Net Income$1,110,296
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$17,095,824
Mission and Program Overview

Mission

Provide scholarships and financial aid to the students of middlesex county college

Helping students open doors to their future with financial aid, scholarships, and educational resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$22,437,638$18,949,353▼ $3,488,285
Cash and Non-Interest-Bearing Accounts$402,569$663,375▲ $260,806
Savings and Temporary Cash Investments$611,752$504,459▼ $107,293
Pledges and Grants Receivable$425,640$365,680▼ $59,960
Total Assets$23,894,938$20,490,248▼ $3,404,690
Other Assets Total$17,339$7,381▼ $9,958
Liabilities
Grants Payable$890,223$862,480▼ $27,743
Accounts Payable and Accrued Expenses$27,388$22,523▼ $4,865
Total Liabilities$917,611$885,003▼ $32,608
Net Assets / Fund Balance
Net Assets With Donor Restrictions$19,929,239$17,017,066▼ $2,912,173
Net Assets Without Donor Restrictions$3,048,088$2,588,179▼ $459,909
Total Net Assets Fund Balance$22,977,327$19,605,245▼ $3,372,082
Total Liabilities and Net Assets / Fund Balance$23,894,938$20,490,248▼ $3,404,690

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$12,436,368$179,844▼ $1,658,147$214,106$10,743,959
2020$10,449,635$133,393▲ $2,290,757$437,417$12,436,368
2019$10,466,613$101,651▲ $315,080$433,709$10,449,635
2018$10,151,882$119,386▲ $568,507$373,162$10,466,613
2017$9,703,538$155,859▲ $682,088$389,603$10,151,882
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa KellyExecutive DirectorFT$91,625$19,672$111,297

Board Members and Trustees

NameTitle
Diane ConboyChairperson
Barbara BernardFirst Vice Chairperson
Deangelina InmanSecond Vice Chairperson
Anthony OsbourneTrustee
Dorothy K PowerTrustee
Eileen PalumboTrustee
Genette FalkTrustee
Linda Donato KennedyTrustee
Maureen BinettiTrustee
Michael RofmanTrustee
Rick GelmettiTrustee
Samuel IngleseTrustee
Brian DaughertyTrustee Through Sept 2021
John MulkerinTrustee Through Sept 2021
Michael MaroneyTrustee Through Sept 2021
Joanne FillweberSecretary
James CampbellTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Morgan StanleyInvestment Services1 NEW YORK PLAZA, New York, NY 10004$152,804
Revenue and Support

Revenue Composition

Contributions and Grants
$791,718
Program Service Revenue
$0
Investment Income
$1,624,010
Other Revenue
$25,845
All Other Contributions
$781,718
Change in Net Assets
$1,110,296

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$38,235Avg. Selling Price
Other Non Cash Contri Table8$1,747Cost
Other Non Cash Contri Table12$1,535Cost
Clothing and Household Goods-$700Cost
Other Non Cash Contri Table1$650Cost
Total Noncash Contributions24$42,867-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,292,886
Revenue Not Reported on Financial Statements
$148,687
Revenue Not Reported on Form 990
$-4,209,849
Total Revenue per Audited Statements
$-1,916,963
Total Revenue per Form 990
$2,441,573
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,098,165
Other Expenses$233,112
Total Fundraising Expense$289
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$637,802--$637,802
Grants to Domestic Individuals$460,363--$460,363
Fees for Service Investment Mgmnt Fees-$148,687-$148,687
Fees for Services Other-$34,396-$34,396
Fees for Services Accounting-$10,652-$10,652
Office Expenses-$5,978-$5,978
Information Technology-$562-$562
Other Expenses$1,840$30,452$289$289
Conferences and Meetings-$224-$224
Travel-$32-$32
Total Functional Expenses$1,100,005$230,983$289$1,331,277

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,455,119
Total Expenses per Form 990$1,331,277
Expenses per Audited Statements$1,182,590
Expenses Not Reported on Form 990$272,529
Expenses Not Reported on Financial Statements$148,687
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Middlesex CollegeEdison, NJState of NjGRANTS TO SUPPORT UNIVERSITY'S PROGRAMS$637,802
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$45,540
Gaming Direct Expenses$19,695
Professional Fundraising Fees$0
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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 4

The board of directors amended the by-laws in september 2021. The changes to the by-laws include the election of trustees rather than appointment at the foundation's annual meeting and the division of the board of trustees membership into two separate terms.

Form 990, Part VI, Section B, Line 11B

The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared and reviewed by management, a copy of the form 990 is distributed to the audit committee for their review. The full board then has an opportunity to review the form 990 prior to being electronically filed.

Form 990, Part VI, Section B, Line 12C

Middlesex college foundation, inc. Currently has in place a conflict of interest policy which it annually monitors and enforces. The board currently mandates that all directors, officers, employees, and volunteers annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist. The signed conflict of interest policy is submitted to the board of directors who review the signed attestations for potential or actual conficts. If a potential or actual conflict exists, the board or committee will inform the member of the basis of such belief and afford the member an opportunity to respond. The board or commitee will disclose the conflict of interest and how the conflict was handled. The person with the actual conflict of interest will be prohibited from voting on the matter that gives rise to the conflict. If there has been substantial and repeated failures to disclsoe actual conflicts of interest, the board may take appropriate disciplinary and corrective action, including removal of the member.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request at 2600 woodbridge avenue, edison, nj 08818.

Filing and Contact Details

Filer

Filer Name
Middlesex College Foundation Inc
EIN
22-6079662
Phone
7329062564
Address
2600 WOODBRIDGE AVE, EDISON, NJ 08818

Signing Officer

Name
Diane Conboy
Title
Chairperson
Phone
7329062564
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane Conboy
Formed
1966
Legal Domicile
Nj
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
58

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
20 COMMERCE DRIVE SUITE 301, CRANFORD, NJ 07016-3618
Preparer
Garrett M Higgins
Phone
9082726200
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's audit committee assumes responsibility for oversight of the audit of the organization's financial statements and the selection of an independent accountant. The process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The foundation's endowment consists of approximately 91 individual funds established by donors for a variety of purposes, including scholarship awards, academic program support, physical plant projects and faculty development.

PART X, LINE 2:

The foundation is exempt from federal income taxes under internal revenue code ("code") section 501(c)(3) and, therefore, has made no provision for federal income taxes. It is also exempt from state and local income taxes. In addition, the foundation has been determined by the internal revenue service not to be a "private foundation" within the meaning of section 509(a)(1) of the code. Other significant tax positions include its determination of whether any amounts are subject to unrelated business income tax ("ubit"). Management regularly reviews and evaluates its tax positions taken in previously filed information returns and as reflected in its financial statements, with regard to issues affecting its tax-exempt status, unrelated business income and related matters. All significant tax positions have been considered by management and it has been determined that all tax positions would be sustained upon examination by taxing authorities. Therefore, management has concluded that no tax benefits or liabilities are required to be recognized. The foundation is no longer subject to federal tax examinations for its federal form 990 and for the state of new jersey form cri-300r for years prior to june 30, 2019.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising expenses 19,695.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising expenses 19,695.

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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/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1793133
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/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1FIRST VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECOND VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE THROUGH SEPT 2021
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE THROUGH SEPT 2021
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE THROUGH SEPT 2021
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01966
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01118387
IRS990/GamingActivitiesInd01
IRS990/GamingDirectExpensesAmt019695
IRS990/GamingGrossIncomeAmt045540
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt010000
IRS990/GrantAmt0638452
IRS990/GrantsPayableGrp/BOYAmt0890223
IRS990/GrantsPayableGrp/EOYAmt0862480
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0460363
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0460363
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0637802
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0637802
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt015752943
IRS990/GrossReceiptsAmt017095824
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0562
IRS990/InformationTechnologyGrp/TotalAmt0562
IRS990/InvestmentIncomeGrp/ExclusionAmt0505623
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0505623
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt022437638
IRS990/InvestmentsPubTradedSecGrp/EOYAmt018949353
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NJ
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt014634556
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0HELPING STUDENTS OPEN DOORS TO THEIR FUTURE WITH FINANCIAL AID, SCHOLARSHIPS, AND EDUCATIONAL RESOURCES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt022977327
IRS990/NetAssetsOrFundBalancesEOYAmt019605245
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01118387
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01118387
IRS990/NetIncomeFromGamingGrp/ExclusionAmt025845
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt025845
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-4482378
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03048088
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02588179
IRS990/NoncashContributionsAmt042867
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05978
IRS990/OfficeExpensesGrp/TotalAmt05978
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt017339
IRS990/OtherAssetsTotalGrp/EOYAmt07381
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ALLOCATED PAYROLL
IRS990/OtherExpensesGrp/Desc1ANNUITY DISTRIBUTIONS
IRS990/OtherExpensesGrp/Desc2EVENT EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt0289
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt030452
IRS990/OtherExpensesGrp/ProgramServicesAmt01840
IRS990/OtherExpensesGrp/TotalAmt030452
IRS990/OtherExpensesGrp/TotalAmt11840
IRS990/OtherExpensesGrp/TotalAmt2289
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0425640
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0365680
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DIANE CONBOY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS - SINCE 1967, THE MIDDLESEX COLLEGE FOUNDATION HAS DISTRIBUTED OVER $17.5 MILLION IN SCHOLARSHIPS, FINANCIAL AID AND GRANTS TO MORE THAN 17,500 DESERVING STUDENTS. THE MIDDLESEX COLLEGE FOUNDATION CURRENTLY OFFERS 135 ENDOWED AND ANNUAL SCHOLARSHIPS FOR QUALIFIED STUDENTS. THE NUMBER OF DESERVING MIDDLESEX COLLEGE STUDENTS IN NEED OF FINANCIAL ASSISTANCE ALWAYS EXCEEDS AVAILABLE FUNDING. THE MIDDLESEX COLLEGE FOUNDATION IS COMMITTED TO INCREASING OUR FINANCIAL RESOURCES SO THAT WE MAY ASSIST MORE STUDENTS EACH YEAR. SPENDING OF FUNDS ARE BASED ON DONOR RESTRICTION AND MAY BE TEMPORARILY OR PERMANENTLY RESTRICTED.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0418691
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0418691
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0DIRECT STUDENT SUPPORT - STUDENT SUCCESS OFTEN DEPENDS ON FACTORS BEYOND ACADEMIC SCHOLARSHIP. MIDDLESEX COLLEGE FOUNDATION SEEKS TO SUPPORT THE WHOLE STUDENT JOURNEY AND HAS MADE OF A COMMITMENT TO DIRECT STUDENTS SUPPORTS THROUGH THE FUNDING OF PROGRAMS SUCH AS THE STUDENT EMERGENCY FUND AND MIDDLESEX COLLEGE FOOD PANTRY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt041022
IRS990/ProgSrvcAccomActy3Grp/GrantAmt041022
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01840
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01193100
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01067849
IRS990/PYInvestmentIncomeAmt01618530
IRS990/PYOtherExpensesAmt0217972
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01498645
IRS990/PYSalariesCompEmpBnftPaidAmt027164
IRS990/PYTotalExpensesAmt01312985
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02811630
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01110296
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0611752
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0504459
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt018002
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt013346
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt014138
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt011016
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt015552
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt072054
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0791718
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01193100
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0630748
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0576808
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0773435
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03965809
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt0252834
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus1YearAmt0253868
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus2YearsAmt0193485
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus3YearsAmt0184507
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus4YearsAmt0183019
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt01067713
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0505623
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0422606
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0629906
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0531075
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0347275
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02436485
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0505623
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0422606
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0629906
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0531075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0347275
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02436485
IRS990ScheduleA/InvestmentIncomeCYPct00.32070
IRS990ScheduleA/InvestmentIncomePYPct00.29070
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt025845
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt026179
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt031791
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt042758
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt0126573
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.65310
IRS990ScheduleA/PublicSupportPY509Pct00.70600
IRS990ScheduleA/PublicSupportTotal509Amt04961468
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt018002
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt013346
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt014138
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt011016
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt015552
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt072054
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01044552
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01446968
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0824233
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0761315
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0956454
IRS990ScheduleA/Total509Grp/TotalAmt05033522
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01576020
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01869574
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01480318
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01324181
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01346487
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07596580

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$21.6$1.21$20.4$0.93$1.57$0.64
2022Detailed filing. Detailed filing data is available for this year.$20.5$0.89$19.6$2.44$1.33$1.11
2022Summary only. Only limited summary data is available for this year.$20.5$0.89$19.6$2.44$1.33$1.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.9$0.92$23.0$2.81$1.31$1.50
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.1$1.35$18.7$1.01$1.57$0.56
2019Summary only. Only limited summary data is available for this year.$19.9$0.97$18.9$2.02$1.02$1.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.5$1.07$18.4$1.65$1.13$0.52
2017Summary only. Only limited summary data is available for this year.$18.8$1.12$17.7$7.10$1.47$5.63
2016Summary only. Only limited summary data is available for this year.$12.6$1.09$11.5$1.19$1.42$0.23
2015Summary only. Only limited summary data is available for this year.$13.0$1.13$11.9$2.31$1.54$0.78
2014Summary only. Only limited summary data is available for this year.$13.0$0.86$12.1$1.95$1.30$0.65
2013Summary only. Only limited summary data is available for this year.$11.4$0.71$10.7$1.27$1.13$0.14
2012Summary only. Only limited summary data is available for this year.$10.7$0.59$10.1$1.34$1.07$0.26
2011Summary only. Only limited summary data is available for this year.$10.5$0.44$10.1$1.36$0.86$0.51