Civic Intelligence

Massasoit Community College Foundation Inc.

990 • Fiscal year 2018 • EIN 23-7100537

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 07, 2019

Organization ProfileMASSASOIT.EDU/ALUMNI/MASSASOIT-FOUNDATION
One Massasoit BlvdBrockton, MA 02302

(508) 588-9100

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

36th percentile

0.05x

Higher debt load relative to revenue than 36% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

90th percentile

46%

Higher net margin than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

54th percentile

2.1%

Faster asset growth than 54% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

51%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$1,867,649

Up $37,584 (+2.1%) from 2017

Net Assets

Up

$1,849,602

Up $30,537 (+1.7%) from 2017

Liabilities

Up

$18,047

Up $7,047 (+64%) from 2017

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin90th percentile

Revenue

Up

$398,588

Up $135,072 (+51%) from 2017

Expenses

Up

$215,664

Up $59,499 (+38%) from 2017

Net Income

Up

$182,924

Up $75,573 (+70%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,393,455Liabilities 2011: $11,050Net Assets 2011: $1,382,4052011Assets 2012: $1,400,750Liabilities 2012: $13,500Net Assets 2012: $1,387,2502012Assets 2013: $1,507,167Liabilities 2013: $7,100Net Assets 2013: $1,500,0672013Assets 2014: $1,571,856Liabilities 2014: $7,500Net Assets 2014: $1,564,3562014Assets 2015: $1,609,439Liabilities 2015: $7,750Net Assets 2015: $1,601,6892015Assets 2016: $1,691,566Liabilities 2016: $9,300Net Assets 2016: $1,682,2662016Assets 2017: $1,830,065Liabilities 2017: $11,000Net Assets 2017: $1,819,0652017Assets 2018: $1,867,649Liabilities 2018: $18,047Net Assets 2018: $1,849,6022018Assets 2019: $1,999,565Liabilities 2019: $44,361Net Assets 2019: $1,955,2042019Assets 2020: $2,242,553Liabilities 2020: $14,000Net Assets 2020: $2,228,5532020Assets 2021: $2,862,208Liabilities 2021: $271,068Net Assets 2021: $2,591,1402021Assets 2022: $2,221,109Liabilities 2022: $274,002Net Assets 2022: $1,947,1072022Assets 2023: $2,163,879Liabilities 2023: $24,618Net Assets 2023: $2,139,2612023Assets 2024: $2,656,858Liabilities 2024: $42,318Net Assets 2024: $2,614,5402024

Highlighted filing

2018

Assets$1,867,649
Liabilities$18,047
Net Assets$1,849,602
Open 2018 Filing

Operations Trend

Revenue Growth88th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2011: $120,4602011Expenses 2012: $193,0342012Expenses 2013: $204,7372013Revenue 2014: $241,737Expenses 2014: $247,003Net Income 2014: -$5,2662014Revenue 2015: $197,022Expenses 2015: $162,422Net Income 2015: $34,6002015Revenue 2016: $306,784Expenses 2016: $226,751Net Income 2016: $80,0332016Revenue 2017: $263,516Expenses 2017: $156,165Net Income 2017: $107,3512017Revenue 2018: $398,588Expenses 2018: $215,664Net Income 2018: $182,9242018Revenue 2019: $308,994Expenses 2019: $189,292Net Income 2019: $119,7022019Revenue 2020: $512,468Expenses 2020: $205,092Net Income 2020: $307,3762020Revenue 2021: $647,895Expenses 2021: $440,553Net Income 2021: $207,3422021Revenue 2022: $580,357Expenses 2022: $1,086,554Net Income 2022: -$506,1972022Revenue 2023: $359,213Expenses 2023: $259,373Net Income 2023: $99,8402023Revenue 2024: $621,170Expenses 2024: $284,980Net Income 2024: $336,1902024

Highlighted filing

2018

Revenue$398,588
Expenses$215,664
Net Income$182,924
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 7, 2019
Return Version
2017v2.3
Gross Receipts
$563,972
Mission and Program Overview

Mission

Assist in serving students of massasoit community college who are in need of financial aid and to enrich or add to the facilities, services, or programs.

Assist in serving students of massasoit community college who are in need of financial aid and to enrich and add to the facilities, services, and programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$673,891$673,891→ $0
Investments Other Securities$601,258$613,739▲ $12,481
Savings and Temporary Cash Investments$533,255$550,748▲ $17,493
Cash and Non-Interest-Bearing Accounts$19,161$29,271▲ $10,110
Accounts Receivable$2,500$0▼ $2,500
Total Assets$1,830,065$1,867,649▲ $37,584
Liabilities
Accounts Payable and Accrued Expenses$11,000$18,047▲ $7,047
Total Liabilities$11,000$18,047▲ $7,047
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,493,259$1,534,729▲ $41,470
Unrestricted Net Assets$325,806$314,873▼ $10,933
Total Net Assets Fund Balance$1,819,065$1,849,602▲ $30,537
Total Liabilities and Net Assets / Fund Balance$1,830,065$1,867,649▲ $37,584

Asset Categories

AssetBook ValueDepreciationBasis
Land$673,891-$673,891
Other Securities$613,739--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,193,932-▲ $29,505-$1,223,437
2016$1,147,491-▲ $46,441-$1,193,932
2015$1,150,251-▼ $2,760-$1,147,491
2014$1,139,702-▲ $10,549-$1,150,251
2013$1,084,531-▲ $55,171-$1,139,702
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Kevin WalshPresident
Wayne PerkinsVice President
Joseph MosesClerk
Bonnie BlacklerMember
Charles H TartagliaMember
Conrad MartinMember
Dr Gena GlickmanMember
John BoutinMember
Lincoln AndrewsMember
Maria SamsonMember
Thomas Carroll Jr TrusteeMember
Lisa Rheault-slineyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$121,209
Program Service Revenue
$20,610
Investment Income
$187,528
Other Revenue
$69,241
All Other Contributions
$121,209
Change in Net Assets
$182,924

Audited Revenue Reconciliation

Revenue per Audited Statements
$397,531
Revenue Not Reported on Financial Statements
$1,057
Revenue Not Reported on Form 990
$-74,811
Total Revenue per Audited Statements
$322,720
Total Revenue per Form 990
$398,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$168,360
Other Expenses$47,304
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$168,360--$168,360
Office Expenses-$15,095-$15,095
Other Expenses$13,616--$13,616
Fees for Services Accounting-$11,000-$11,000
Interest-$3,222-$3,222
Insurance-$2,767-$2,767
Fees for Service Investment Mgmnt Fees-$1,057-$1,057
Fees for Services Legal-$547-$547
Total Functional Expenses$181,976$33,688$0$215,664

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$292,183
Total Expenses per Form 990$215,664
Expenses per Audited Statements$214,607
Expenses Not Reported on Form 990$77,576
Expenses Not Reported on Financial Statements$1,057
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Massasoit Community CollegeBrockton, MA115Scholarships for Its Students$168,360
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$58,817
Fundraising Direct Expenses$19,576
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$48,517$48,517$18,566$29,951
Golf Tournament$10,300$10,300$1,010$9,290
Total Events$58,817$58,817$19,576$39,241
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
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Existing members of the board of directors approve new members.”

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

“The president and another officer review the form 990.”

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

“If there is a conflict of interest, the member shall not review that prospective item and shall abstain from voting. Abstention from voting shall be recorded in the minutes of the meeting. In special circumstances, with a vote of the majority of the disinterested members, the board may vote to suspend the conflict policy and then allow all members to vote. This special vote will also be entered into the minutes of the meeting. All members shall provide an annual written summary of all business involvement with the foundation.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Massasoit Community College Foundation
EIN
23-7100537
Phone
5085889100
Address
ONE MASSASOIT BLVD, BROCKTON, MA 02302

Signing Officer

Name
Wayne Perkins
Title
President
Phone
5085889100
Signed
2019-03-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wayne Perkins
Formed
1976
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
25

Preparer

Firm
O'CONNOR & DREW PC
Address
25 BRAINTREE HILL OFC PK SUITE 102, BRAINTREE, MA 02184
Preparer
Michael J Cosgrove
Phone
6174711120
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART V, LINE 4:

“The intended use of the endowment funds are to support the programs of the foundation.”

PART X, LINE 2:

“The foundation has been notified by the internal revenue service that it meets the qualifications to be classified as a tax exempt entity under section 501 (c)(3) of the internal revenue code. As a not-for-profit entity exempt from income taxes, the foundation may, however, be subject to tax on unrelated business income. Accounting principles generally accepted in the united states require an entity to assess the probability that a tax position has a "more likely than not" sustainability after review by tax authorities. If a tax position is deemed not to meet this threshold, any unrecognized tax benefits and costs are estimated and recognized. Tax returns are routinely open for review by the tax authorities for three years from their due date. In certain circumstances, the statute of limitations may remain open indefinitely.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expense 19,576.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expense 19,576.”

Part XI- Line 2D & Part XII- Line 2D

“The other items included on the audited financial statements but not on the form 990 are direct revenues and expenses from an exempt fundraising event (see part xi- line 2d) and unrecognized gains on investments (part xii- line 2d). Investment management fees are also included as a reconciling item along with services donated from a related party.”

Raw XML AppendixShowing 400 of 539 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/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ASSIST IN SERVING STUDENTS OF MASSASOIT COMMUNITY COLLEGE WHO ARE IN NEED OF FINANCIAL AID AND TO ENRICH OR ADD TO THE FACILITIES, SERVICES, AND PROGRAMS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01819065
IRS990/NetAssetsOrFundBalancesEOYAmt01849602
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0185452
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0185452
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt039241
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt039241
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt030000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt030000
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-152387
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015095
IRS990/OfficeExpensesGrp/TotalAmt015095
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER PROGRAM EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt013616
IRS990/OtherExpensesGrp/TotalAmt013616
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0WAYNE PERKINS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt020610
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt020610
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION ASSISTS THE COLLEGE IN ENCOURAGING STUDENTS TO BECOME INVOLVED WITH THE ARTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013616
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02770
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0136195
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0119307
IRS990/PYInvestmentIncomeAmt025438
IRS990/PYOtherExpensesAmt036858
IRS990/PYOtherRevenueAmt055127
IRS990/PYProgramServiceRevenueAmt035863
IRS990/PYRevenuesLessExpensesAmt096458
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0156165
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0252623
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0182924
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt030000
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt017840
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0533255
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0550748
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0121209
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0136195
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0207397
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt076620
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0129713
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0671134
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt058000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt064893
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt052000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt040000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0214893
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt032076
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt031164
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt030932
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt030821
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt033235
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0158228
IRS990ScheduleA/PublicSupportCY170Pct00.84850
IRS990ScheduleA/PublicSupportPY170Pct00.84440
IRS990ScheduleA/PublicSupportTotal170Amt0886027
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0179209
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0201088
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0259397
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0116620
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0129713
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0886027
IRS990ScheduleA/TotalSupportAmt01044255
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01193932
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01223437
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt029505
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01147491
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01193932
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt046441
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01150251
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01147491
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2760
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01139702
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01150251
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010549
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01084531
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01139702
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt055171
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt058000
IRS990ScheduleD/DonatedServicesUseFcltsAmt058000
IRS990ScheduleD/DonorAdvisedFundsContriAmt00
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt00
IRS990ScheduleD/DonorAdvisedFundsHeldCnt01
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt015645
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt077576
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01057
IRS990ScheduleD/ExpensesSubtotalAmt0214607
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt01057
IRS990ScheduleD/InvestmentExpensesNotIncldAmt01057
IRS990ScheduleD/LandGrp/BookValueAmt0673891
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0673891
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-152387
IRS990ScheduleD/OtherExpensesIncludedAmt019576
IRS990ScheduleD/OtherRevenueAmt019576
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0613739
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0-74811
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01057
IRS990ScheduleD/RevenueSubtotalAmt0397531
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE OF THE ENDOWMENT FUNDS ARE TO SUPPORT THE PROGRAMS OF THE FOUNDATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT MEETS THE QUALIFICATIONS TO BE CLASSIFIED AS A TAX EXEMPT ENTITY UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES, THE FOUNDATION MAY, HOWEVER, BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES, THE STATUTE OF LIMITATIONS MAY REMAIN OPEN INDEFINITELY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT FUNDRAISING EXPENSE 19,576.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3DIRECT FUNDRAISING EXPENSE 19,576.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4THE OTHER ITEMS INCLUDED ON THE AUDITED FINANCIAL STATEMENTS BUT NOT ON THE FORM 990 ARE DIRECT REVENUES AND EXPENSES FROM AN EXEMPT FUNDRAISING EVENT (SEE PART XI- LINE 2D) AND UNRECOGNIZED GAINS ON INVESTMENTS (PART XII- LINE 2D). INVESTMENT MANAGEMENT FEES ARE ALSO INCLUDED AS A RECONCILING ITEM ALONG WITH SERVICES DONATED FROM A RELATED PARTY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, 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 XI- LINE 2D & PART XII- LINE 2D
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0673891
IRS990ScheduleD/TotalBookValueSecuritiesAmt0613739
IRS990ScheduleD/TotalExpensesPerForm990Amt0215664
IRS990ScheduleD/TotalRevenuePerForm990Amt0398588
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0322720
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0292183
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt019576
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt010300
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt048517
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt058817
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt010300
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt048517
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt058817
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt039241
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt019576
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01010
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt018566
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0168360
IRS990ScheduleI/RecipientTable/IRCSectionDesc0115
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS FOR ITS STUDENTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MASSASOIT COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0046281061
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0ONE MASSASOIT BOULEVARD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BROCKTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002302
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXISTING MEMBERS OF THE BOARD OF DIRECTORS APPROVE NEW MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT AND ANOTHER OFFICER REVIEW THE FORM 990.

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,867,649
Liabilities
$18,047
Net assets
$1,849,602
Revenue
$398,588
Expenses
$215,664
Net income
$182,924
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.66$0.04$2.61$0.62$0.28$0.34
2023Detailed filing. Detailed filing data is available for this year.$2.16$0.02$2.14$0.36$0.26$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.22$0.27$1.95$0.58$1.09$0.51
2021Detailed filing. Detailed filing data is available for this year.$2.86$0.27$2.59$0.65$0.44$0.21
2020Detailed filing. Detailed filing data is available for this year.$2.24$0.01$2.23$0.51$0.21$0.31
2019Detailed filing. Detailed filing data is available for this year.$2.00$0.04$1.96$0.31$0.19$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.87$0.02$1.85$0.40$0.22$0.18
2017Detailed filing. Detailed filing data is available for this year.$1.83$0.01$1.82$0.26$0.16$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.69$0.01$1.68$0.31$0.23$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.61$0.01$1.60$0.20$0.16$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.57$0.01$1.56$0.24$0.25$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.01$1.50$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.01$1.39$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.01$1.38$0.12