MOUNT WACHUSETT COMMUNITY COLLEGE FOUNDATION INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
MOUNT WACHUSETT COMMUNITY COLLEGE FOUNDATION INC (EIN 23-7136083)
Tax period
2019-07-01 to 2020-06-30
Filed
2020-11-24
IRS object ID
202013299349300506
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-24T13:41:24-06:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN043000523PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1O'CONNOR & DREW PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line125 BRAINTREE HILL OFFICE PARK SUITEAddressLine1Txt
Address Line2102AddressLine2Txt
CityBRAINTREECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02184ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237136083EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MOUNT WACHUSETT COMMUNITY COLLEGEBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMOUNBusinessNameControlTxt
Phone9786326600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1444 GREEN STREETAddressLine1Txt
CityGARDNERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01440ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSCOT BARRETTPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9786326600PhoneNum
Signature2020-11-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID A DIIULISPreparerPersonNm
PTINP00303577PTIN
Phone6174711120PhoneNum
Preparation2020-11-09PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCARLA ZOTTOLIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1444 GREEN STREETAddressLine1Txt
CityGARDNERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01440ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,044,415GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTP://MWCC.EDU/GIVING/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1971FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionAWARDING OF GRANTS AND SCHOLARSHIPSActivityOrMissionDesc
Voting Members Governing Body22VotingMembersGoverningBodyCnt
Voting Members Independent20VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers20TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$418,372PYContributionsGrantsAmt
CY Contributions Grants$977,210CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$308,668PYInvestmentIncomeAmt
CY Investment Income$58,008CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$727,040PYTotalRevenueAmt
CY Total Revenue$1,035,218CYTotalRevenueAmt
PY Grants And Similar Paid$961,256PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,035,899CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$100,228PYOtherExpensesAmt
CY Other Expenses$99,737CYOtherExpensesAmt
PY Total Expenses$1,061,484PYTotalExpensesAmt
CY Total Expenses$1,135,636CYTotalExpensesAmt
PY Revenues Less Expenses-$334,444PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$100,418CYRevenuesLessExpensesAmt
Total Assets BOY$7,699,395TotalAssetsBOYAmt
Total Assets EOY$7,597,135TotalAssetsEOYAmt
Total Liabilities BOY$25,468TotalLiabilitiesBOYAmt
Total Liabilities EOY$39,615TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$7,673,927NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$7,557,520NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF MOUNT WACHUSETT COMMUNITY COLLEGE FOUNDATION, INC. IS TO SECURE TIME, TALENT, AND TREASURE FROM PRIVATE AND PUBLIC SOURCES THAT WILL ENABLE THE COLLEGE TO PROVIDE ACCESSIBLE, AFFORDABLE EDUCATION, AND TO IMPLEMENT, SOCIAL, ECONOMICAL AND CULTURAL INITIATIVES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$736,214ExpenseAmt
Grant$736,214GrantAmt
DescFOSTERING AND PROMOTING EXCELLENCE IN EDUCATION AND RESEARCH THROUGH GRANTS AND ASSISTING IN THE GROWTH AND IMPROVEMENT OF THE COLLEGEDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$299,685ExpenseAmt
Grant$299,685GrantAmt
DescTO PROVIDE FINANCIAL ASSISTANCE THROUGH SCHOLARSHIPS AND AWARDS TO QUALIFIED STUDENTSDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$1,035,899TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (1)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind0Form8899Filedind
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members22GoverningBodyVotingMembersCnt
Independent Voting Member20IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CARLA ZOTTOLI EXECUTIVE DIRECTORBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9786326600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1444 GREEN STREETAddressLine1Txt
CityGARDNERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01440ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
WALTER J DWYER IV
CHAIRMAN9.0028.50Yes (X)Yes (X)$0$0$0
ARTHUR FEEHAN
VICE CHAIRMAN1.00Yes (X)Yes (X)$0$0$0
CARLA ZOTTOLI
EXECUTIVE DIRECTOR9.0028.50Yes (X)Yes (X)$0$96,253$8,594
SCOT BARRETT
TREASURER1.00Yes (X)Yes (X)$0$0$0
EVE MARIE NEZICH CERYANEK
DIRECTOR1.00Yes (X)$0$0$0
ANDREW COLAMETA
DIRECTOR1.00Yes (X)$0$0$0
GAIL STEELE
DIRECTOR1.0036.50Yes (X)$0$116,633$28,401
CHARLES BOWLES
DIRECTOR1.00Yes (X)$0$0$0
JEANIE CONNOLLY
DIRECTOR1.00Yes (X)$0$0$0
RICHARD FLANAGAN
DIRECTOR1.00Yes (X)$0$0$0
WINFIELD BROWN
DIRECTOR1.00Yes (X)$0$0$0
WAYNE CANTY
DIRECTOR1.00Yes (X)$0$0$0
RICHARD A CELLA
DIRECTOR1.00Yes (X)$0$0$0
RAYMOND LAFOND
DIRECTOR1.00Yes (X)$0$0$0
CELESTE DRAKE
DIRECTOR1.00Yes (X)$0$0$0
DOUGLAS J PETERSEN
DIRECTOR1.00Yes (X)$0$0$0
HENRY TESSMAN
DIRECTOR1.00Yes (X)$0$0$0
RAYMOND MARTINO
DIRECTOR1.00Yes (X)Yes (X)$0$0$0
MELISSA GLENNY
DIRECTOR1.00Yes (X)$0$0$0
KEITH BOISSINEAU
DIRECTOR1.00Yes (X)$0$0$0
ROY NASCIMENTO
DIRECTOR1.00Yes (X)$0$0$0
JAMES GARRISON
DIRECTOR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$212,886TotReportableCompRltdOrgAmt
Total Other Compensation$36,995TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$166,667GovernmentGrantsAmt
All Other Contributions$810,543AllOtherContributionsAmt
Total Contributions$977,210TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$51,193TotalRevenueColumnAmt
Exclusion$51,193ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$16,012SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$9,197SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$6,815SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,815TotalRevenueColumnAmt
Exclusion$6,815ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,035,218TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$58,008ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$736,214TotalAmt
Program Services$736,214ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$299,685TotalAmt
Program Services$299,685ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$57,818TotalAmt
Management And General$57,818ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$11,625TotalAmt
Management And General$11,625ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$16,012TotalAmt
Management And General$16,012ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,221TotalAmt
Management And General$1,221ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,224TotalAmt
Management And General$1,224ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,058TotalAmt
Management And General$2,058ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
LICENSING$8,364$8,364
DUES AND SUBSCRIPTIONS$1,415$1,415

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,135,636TotalAmt
Program Services$1,035,899ProgramServicesAmt
Management And General$99,737ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$204,201BOYAmt
EOY$427,357EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$94,795BOYAmt
EOY$150,607EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$217,620BOYAmt
EOY$111,979EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,850BOYAmt
EOY$5,850EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$30,003BOYAmt
EOY$184,640EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$5,065,214BOYAmt
EOY$4,914,338EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,081,712BOYAmt
EOY$1,802,364EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,699,395BOYAmt
EOY$7,597,135EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$25,468BOYAmt
EOY$39,615EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$25,468BOYAmt
EOY$39,615EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,986,654BOYAmt
EOY$3,076,827EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,687,273BOYAmt
EOY$4,480,693EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,673,927BOYAmt
EOY$7,557,520EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,699,395BOYAmt
EOY$7,597,135EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$100,418ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$43,941NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$59,930OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$686,314CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$637,202CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$670,828CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$418,372CurrentTaxYearMinus1YearAmt
Current Tax Year$977,210CurrentTaxYearAmt
Total$3,389,926TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$26,500CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$30,900CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$43,600CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$45,200CurrentTaxYearMinus1YearAmt
Current Tax Year$48,800CurrentTaxYearAmt
Total$195,000TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$712,814CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$668,102CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$714,428CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$463,572CurrentTaxYearMinus1YearAmt
Current Tax Year$1,026,010CurrentTaxYearAmt
Total$3,584,926TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$768,438SubstantialContributorsTotAmt
Public Support Total170$2,816,488PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$81,609CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$77,260CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$81,933CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$99,895CurrentTaxYearMinus1YearAmt
Current Tax Year$51,193CurrentTaxYearAmt
Total$391,890TotalAmt
FieldValueIRS element (for citing)
Total Support$3,976,816TotalSupportAmt
Gross Receipts Rltd Activities$175,836GrossReceiptsRltdActivitiesAmt
Public Support CY1700.70820PublicSupportCY170Pct
Public Support PY1700.56050PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,109,671BeginningYearBalanceAmt
Contributions$168,117ContributionsAmt
Investment Earnings Or Losses$64,926InvestmentEarningsOrLossesAmt
Grants Or Scholarships$74,041GrantsOrScholarshipsAmt
End Year Balance$4,268,673EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,856,144BeginningYearBalanceAmt
Contributions$43,228ContributionsAmt
Investment Earnings Or Losses$317,765InvestmentEarningsOrLossesAmt
Grants Or Scholarships$107,466GrantsOrScholarshipsAmt
End Year Balance$4,109,671EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,474,043BeginningYearBalanceAmt
Contributions$110,528ContributionsAmt
Investment Earnings Or Losses$325,247InvestmentEarningsOrLossesAmt
Grants Or Scholarships$53,674GrantsOrScholarshipsAmt
End Year Balance$3,856,144EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,835,586BeginningYearBalanceAmt
Contributions$227,281ContributionsAmt
Investment Earnings Or Losses$452,541InvestmentEarningsOrLossesAmt
Grants Or Scholarships$41,365GrantsOrScholarshipsAmt
End Year Balance$3,474,043EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,056,890BeginningYearBalanceAmt
Contributions$110,100ContributionsAmt
Investment Earnings Or Losses-$42,459InvestmentEarningsOrLossesAmt
Grants Or Scholarships$31,577GrantsOrScholarshipsAmt
Other Expenditures$257,368OtherExpendituresAmt
End Year Balance$2,835,586EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.70760BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.17800PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.11440TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
COMMON POOLED EQUITY AND INCOME FUNDS$4,445,159F
CERTIFICATES OF DEPOSIT$469,179C
FieldValueIRS element (for citing)
Total Book Value Securities$4,914,338TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
BENEFICIAL INTEREST$1,797,885
INTEREST RECEIVABLE$4,479
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,802,364TotalBookValueOtherAssetsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,052,017TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$43,941NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$48,800DonatedServicesAndUseFcltsAmt
Other Revenue-$59,930OtherRevenueAmt
Revenue Not Reported$32,811RevenueNotReportedAmt
Revenue Subtotal$1,019,206RevenueSubtotalAmt
Investment Expenses Not Incld$16,012InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$16,012RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,035,218TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,168,424TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$48,800DonatedServicesUseFcltsAmt
Expenses Not Reported$48,800ExpensesNotReportedAmt
Expenses Subtotal$1,119,624ExpensesSubtotalAmt
Investment Expenses Not Incld2$16,012InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$16,012ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,135,636TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:ENDOWMENT FUNDS HELD BY THE FOUNDATION ARE RESTRICTED FOR SCHOLARSHIP AND FOR THE USE OF MOUNT WACHUSETT COMMUNITY COLLEGE.
PART X, LINE 2: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. AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES, THE FOUNDATION MAY, HOWEVER, BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME.
PART XI, LINE 2D - OTHER ADJUSTMENTS:CHANGE IN VALUE OF BENEFICIAL INTEREST -59,930.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1MOUNT WACHUSETT COMMUNITY COLLEGEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1144 GREEN STREETAddressLine1Txt
CityGARDNERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01440ZIPCd
FieldValueIRS element (for citing)
Recipient EIN046002284RecipientEIN
IRC Section115IRCSectionDesc
Cash Grant$736,214CashGrantAmt
Purpose Of GrantTO FULLFILL THE MISSION OF THE FOUNDATION BY SUPPORTING MOUNT WACHUSETT CC.PurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient334RecipientCnt
Cash Grant$299,685CashGrantAmt
Valuation Method UsedFMVValuationMethodUsedDesc

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BAS PART OF THE FORM 990 REVIEW PROCESS, THE FORM 990 WILL BE DELEGATED TO A SUB-COMMITTEE WHERE A MEMBER OF THE FINANCE COMMITTEE WILL BE ABLE TO REVIEW THE RETURN FOR COMPLETENESS AND ACCURACY. ONCE THE FORM 990 HAS BEEN APPROVED BY THE FINANCE COMMITTEE IT CAN THEN BE FILED WITH THE INTERNAL REVENUE SERVICE AND THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE.
FORM 990, PART VI, SECTION B, LINE 12CPERSONS COVERED BY THIS POLICY WILL ANNUALLY DISCLOSE OR UPDATE TO THE CHAIRMAN OF THE BOARD OF DIRECTORS THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, SUCH AS A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENTS HOLDINGS, AND OTHER TRANSACTION OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OR THOSE OF FAMILY MEMBERS.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH THE PUBLISHING OF PRINTED REPORTS.
FORM 990, PART XI, LINE 9:CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST -59,930.
FORM 990, PART XII, LINE 2CTHE FOUNDATION DOES HAVE A FORMAL COMMITTEE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT. THE PROCESS OF OVERSEEING THE AUDIT AND THE RELATED STATEMENTS HAVE NOT CHANGED SINCE THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1MOUNT WACHUSETT COMMUNITY COLLEGEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1444 GREEN STREETAddressLine1Txt
CityGARDNERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01440ZIPCd
FieldValueIRS element (for citing)
EIN046002284EIN
Primary ActivitiesCOMMUNITY COLLEGE - EDUCATIONPrimaryActivitiesTxt
Legal Domicile StateMALegalDomicileStateCd
Exempt Code Section115ExemptCodeSectionTxt
Public Charity StatusN/APublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (1)ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
MOUNT WACHUSETT COMMUNITY COLLEGE
B$920,186COST
MOUNT WACHUSETT COMMUNITY COLLEGE
D$111,979FMV
MOUNT WACHUSETT COMMUNITY COLLEGE
P$57,818COST
MOUNT WACHUSETT COMMUNITY COLLEGE
A$8,831FMV

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