BETA

MASSACHUSETTS BAY COMMUNITY COLLEGE FOUNDATION: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
MASSACHUSETTS BAY COMMUNITY COLLEGE FOUNDATION (EIN 22-2581930)
Tax period
2017-07-01 to 2018-06-30
Filed
2018-11-15
IRS object ID
201823199349307042
Schema version
2017v2.3
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)
Return2018-11-15T12:00:31-06:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

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 OFC PK SUITE 102AddressLine1Txt
CityBRAINTREECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02184ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN222581930EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MASSACHUSETTS BAY COMMUNITY COLLEGEBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMASSBusinessNameControlTxt
Phone7812393000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line150 OAKLAND STREETAddressLine1Txt
CityWELLESLEY HILLSCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02481ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES LEHANPersonNm
Person TitleDIRECTOR & CHAIRPersonTitleTxt
Phone7812393000PhoneNum
Signature2018-11-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID DILULISPreparerPersonNm
PTINP00297041PTIN
Phone6174711120PhoneNum
Preparation2018-11-09PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address108.7.66.186IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-11-09IPDt
IP Tm13:28:19IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id1B2E1A561AFFFD3BBF97976B10C59320AC83D664AtSubmissionCreationDeviceId
At Submission Filing Device IdB19DC55688D93812F61B2F5C52C3159D44C8D2B5AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2018-06-14 16:35:46ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJAMES LEHANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line150 OAKLAND STREETAddressLine1Txt
CityWELLESLEY HILLSCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02481ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$986,144GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MASSBAY.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1984FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTO PROVIDE SCHOLARSHIPS AND COLLEGE FUNDRAISINGActivityOrMissionDesc
Voting Members Governing Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers65TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$333,698PYContributionsGrantsAmt
CY Contributions Grants$374,214CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$131,292PYInvestmentIncomeAmt
CY Investment Income$296,891CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$464,990PYTotalRevenueAmt
CY Total Revenue$671,105CYTotalRevenueAmt
PY Grants And Similar Paid$232,058PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$271,937CYGrantsAndSimilarPaidAmt
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$151,904PYOtherExpensesAmt
CY Other Expenses$303,875CYOtherExpensesAmt
PY Total Expenses$383,962PYTotalExpensesAmt
CY Total Expenses$575,812CYTotalExpensesAmt
PY Revenues Less Expenses$81,028PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$95,293CYRevenuesLessExpensesAmt
Total Assets BOY$5,527,743TotalAssetsBOYAmt
Total Assets EOY$5,801,524TotalAssetsEOYAmt
Total Liabilities BOY$500TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,527,243NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,801,524NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE FOUNDATION BOARD ENHANCES THE VITALITY OF THE COLLEGE BY PROMOTING INVESTMENT FROM EXTERNAL SOURCES, GROWING THE ENDOWMENT, AWARDING SCHOLARSHIPS, AND CREATING PARTNERSHIPS FOR LEARNING. IN SO DOING, THE FOUNDATION SEEKS TO BE A CATALYST FOR TRANSFORMING THE COLLEGE BY SUPPORTING EDUCATIONAL EXCELLENCE AND ACHIEVEMENT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$271,937ExpenseAmt
Grant$271,937GrantAmt
DescAWARDS SCHOLARSHIPS TO VARIOUS STUDENTSDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$10,000ExpenseAmt
DescEQUIPMENT DONATIONSDesc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$243,888ExpenseAmt
DescOTHER PROGRAM COSTSDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$525,825TotalProgramServiceExpensesAmt
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
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
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 Organizations0GrantsToOrganizationsInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
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
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
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 Line1STEPHEN BACCARI INTERIM COMPTROLLERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7812393000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line150 OAKLAND STREETAddressLine1Txt
CityWELLESLEY HILLSCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02481ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
JAMES LEHAN
DIRECTOR & CHAIR0.50Yes (X)Yes (X)$0$0$0
LAURA ANCTIL
DIRECTOR & VICE CHAIR0.50Yes (X)Yes (X)$0$0$0
JOSEPH ASAYA
DIRECTOR0.50Yes (X)$0$0$0
THOMAS M BRITT
DIRECTOR0.50Yes (X)$0$0$0
LAURIE CARLSON
DIRECTOR0.50Yes (X)$0$0$0
ROBERT DAWSON
DIRECTOR0.50Yes (X)$0$0$0
STEPHEN T HIBBARD
DIRECTOR0.50Yes (X)$0$0$0
JAMES J MCKENZIE
DIRECTOR0.50Yes (X)$0$0$0
WILLIAM CUSHING
OUTGOING DIRECTOR0.50Yes (X)$0$0$0
MICHELLE DROLET
OUTGOING DIRECTOR0.50Yes (X)$0$0$0
PAUL DUMAS
OUTGOING DIRECTOR0.50Yes (X)$0$0$0
KEVIN KANE
OUTGOING DIRECTOR0.50Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$374,214AllOtherContributionsAmt
Noncash Contributions$10,000NoncashContributionsAmt
Total Contributions$374,214TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$97,392TotalRevenueColumnAmt
Exclusion$97,392ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$514,538SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$315,039SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$199,499SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$199,499TotalRevenueColumnAmt
Exclusion$199,499ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$671,105TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$296,891ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$271,937TotalAmt
Program Services$271,937ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$45TotalAmt
Management And General$45ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$17,344TotalAmt
Management And General$17,344ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$17,310TotalAmt
Management And General$17,310ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$8,746TotalAmt
Management And General$8,746ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,502TotalAmt
Management And General$2,502ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$3,540TotalAmt
Management And General$3,540ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$500TotalAmt
Management And General$500ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
PROGRAM SERVICES$235,607$235,607
EQUIPMENT DONATIONS$10,000$10,000
STAFF DEVELOPMENT$5,000$5,000
MISCELLANEOUS$2,650$2,650

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$631TotalAmt
Program Services$631ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$575,812TotalAmt
Program Services$525,825ProgramServicesAmt
Management And General$49,987ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$234,300BOYAmt
EOY$248,761EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$84,424BOYAmt
EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$13,746BOYAmt
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$5,195,273BOYAmt
EOY$5,552,763EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,527,743BOYAmt
EOY$5,801,524EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$500BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$500BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,893,936BOYAmt
EOY$2,455,738EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,200,503BOYAmt
EOY$1,787,214EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,432,804BOYAmt
EOY$1,558,572EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,527,243BOYAmt
EOY$5,801,524EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,527,743BOYAmt
EOY$5,801,524EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$95,293ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$178,988NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
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)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
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$271,985CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$260,903CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$169,053CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$333,698CurrentTaxYearMinus1YearAmt
Current Tax Year$374,214CurrentTaxYearAmt
Total$1,409,853TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$64,190CurrentTaxYearMinus3YearsAmt
Total$64,190TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$271,985CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$325,093CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$169,053CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$333,698CurrentTaxYearMinus1YearAmt
Current Tax Year$374,214CurrentTaxYearAmt
Total$1,474,043TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$1,474,043PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$69,338CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$69,433CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$80,068CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$131,235CurrentTaxYearMinus1YearAmt
Current Tax Year$97,392CurrentTaxYearAmt
Total$447,466TotalAmt
FieldValueIRS element (for citing)
Total Support$1,921,509TotalSupportAmt
Public Support CY1700.76710PublicSupportCY170Pct
Public Support PY1700.53750PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,398,803BeginningYearBalanceAmt
Contributions$142,218ContributionsAmt
Investment Earnings Or Losses$242,169InvestmentEarningsOrLossesAmt
Grants Or Scholarships$642,223GrantsOrScholarshipsAmt
Other Expenditures$43,942OtherExpendituresAmt
End Year Balance$3,097,025EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,877,242BeginningYearBalanceAmt
Contributions$138,729ContributionsAmt
Investment Earnings Or Losses$389,782InvestmentEarningsOrLossesAmt
Other Expenditures$6,950OtherExpendituresAmt
End Year Balance$3,398,803EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,631,437BeginningYearBalanceAmt
Contributions$35,034ContributionsAmt
Investment Earnings Or Losses$30,734InvestmentEarningsOrLossesAmt
Other Expenditures$1,819,963OtherExpendituresAmt
End Year Balance$2,877,242EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,841,652BeginningYearBalanceAmt
Contributions$325,093ContributionsAmt
Investment Earnings Or Losses$226,841InvestmentEarningsOrLossesAmt
Grants Or Scholarships$238,535GrantsOrScholarshipsAmt
Other Expenditures$172,129OtherExpendituresAmt
End Year Balance$4,982,922EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,246,021BeginningYearBalanceAmt
Contributions$2,256,940ContributionsAmt
Investment Earnings Or Losses$707,100InvestmentEarningsOrLossesAmt
Grants Or Scholarships$185,173GrantsOrScholarshipsAmt
Other Expenditures$183,236OtherExpendituresAmt
End Year Balance$4,841,652EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY0.50320PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.49680TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
EQUITY FUNDS$4,162,516F
BOND FUNDS$1,390,247F
FieldValueIRS element (for citing)
Total Book Value Securities$5,552,763TotalBookValueSecuritiesAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$914,714TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$178,988NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$81,931DonatedServicesAndUseFcltsAmt
Revenue Not Reported$260,919RevenueNotReportedAmt
Revenue Subtotal$653,795RevenueSubtotalAmt
Investment Expenses Not Incld$17,310InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$17,310RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$671,105TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$640,433TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$81,931DonatedServicesUseFcltsAmt
Expenses Not Reported$81,931ExpensesNotReportedAmt
Expenses Subtotal$558,502ExpensesSubtotalAmt
Investment Expenses Not Incld2$17,310InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$17,310ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$575,812TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE INTENDED USE OF THE FOUNDATION'S ENDOWMENT FUNDS ARE TO SUPPORT THE FOUNDATION'S PROGRAMS INCLUDING, BUT NOT LIMITED TO, PROVIDING SCHOLARSHIPS TO THE STUDENTS OF MASSACHUSETTS BAY COMMUNITY COLLEGE.
PART X, LINE 2:MASSACHUSETTS BAY COMMUNITY COLLEGE FOUNDATION, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" ("MLTN") 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.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient213RecipientCnt
Cash Grant$271,937CashGrantAmt
Valuation Method UsedFMVValuationMethodUsedDesc
Non Cash AssistanceSCHOLARSHIPSNonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationGRANT FUNDS RECEIVED BY THE FOUNDATION ARE ACCOMPANIED BY A MEMORANDUM OF UNDERSTANDING, AGREEMENT, OR GRANT AWARD LETTER. IF THIS DOCUMENTATION IS NOT RECEIVED WITH THE CHECK, DOCUMENTATION OF THE UNDERSTANDING IS PREPARED AND AGREED TO BY BOTH PARTIES TO COMPILE A CLEAR UNDERSTANDING OF THE REQUIREMENTS OF THE GRANT. ALL FOUNDATION GRANTS ARE MANAGED THROUGH THE NORMAL ACCOUNTING PROCESSES AND PROCEDURES OF THE COLLEGE. REPORTING AND MONITORING OF GRANT OUTCOMES IS THE RESPONSIBILITY OF THE MASSACHUSETTS BAY COMMUNITY COLLEGE GRANTS OFFICE, FISCAL OFFICE, AND THE GRANT MANAGER, OR PRINCIPAL INVESTIGATOR ASSIGNED TO THE GRANT.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7ATHE BY-LAWS OF THE ORGANIZATION STATE THAT THE SECRETARY OF THE ORGANIZATION SHALL BE THE PRESIDENT OF THE MASSACHUSETTS BAY COMMUNITY COLLEGE.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 WILL BE REVIEWED BY THE BOARD OF TRUSTEES OR WILL BE DELEGATED TO A SUB-COMMITTEE WHERE A MEMBER OF THE FINANCE AND AUDIT COMMITTEE WILL REVIEW THE RETURN FOR COMPLETENESS AND ACCURACY. ONCE THE FORM 990 HAS BEEN APPROVED BY THE BOARD OF TRUSTEES OR A MEMBER OF THE FINANCE AND AUDIT COMMITTEE, THE FORM 990 THEN CAN BE FILED WITH THE INTERNAL REVENUE SERVICE AND THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE.
FORM 990, PART VI, SECTION B, LINE 12CTHE FOUNDATION CONDUCTS PERIODIC REVIEWS TO ENSURE THAT THE CONFLICT OF INTEREST POLICY IS BEING ADHERED TO.THESE REVIEWS ADDRESS WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE AND ARE THE RESULTS OF ARM'S LENGTH BARGAINING AND WHETHER PARTNERSHIP AND JOINT VENTURE ARRANGEMENTS AND ARRANGEMENTS WITH MANAGEMENT'S SERVICE ORGANIZATIONS AND WITH THE COLLEGE CONFORM TO WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE PAYMENTS FOR GOODS AND SERVICES, FURTHER THE FOUNDATION'S CHARITABLE PURPOSES, AND DO NOT RESULT IN IMPERMISSIBLE PRIVATE BENEFIT. IF THE FOUNDATION DEEMS IT NECESSARY, THEY MAY ALSO USE OUTSIDE EXPERTS TO PERFORM THESE REVIEWS.
FORM 990, PART VI, SECTION C, LINE 19THE FOUNDATION MAKES ALL OF ITS GOVERNING DOCUMENTS, INCLUDING A CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THESE DOCUMENTS CAN BE REQUESTED VIA THE OFFICE OF ADMINISTRATION AND FINANCE.
FORM 990, PART VII, SECTION AMASSACHUSETTS BAY COMMUNITY COLLEGE FOUNDATION HAS NO EMPLOYEES. THE FOUNDATION INSTEAD USES EMPLOYEES OF MASSACHUSETTS BAY COMMUNITY COLLEGE, A RELATED ORGANIZATION. A PORTION OF THE SALARY FOR THE BOOKKEEPER WAS ASSUMED BY THE FOUNDATION.
FORM 990, PART XII, LINE 2C:FINANCE AND AUDIT COMMITTEE THE ORGANIZATION HAS A FINANCE AND AUDIT COMMITTEE WHOSE PURPOSE IS THE OVERSIGHT AND REVIEW OF THE AUDITED FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
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 (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
MASSACHUSETTS BAY COMMUNITY COLLEGE
B$271,937FAIR VALUE
MASSACHUSETTS BAY COMMUNITY COLLEGE
O$81,931FAIR VALUE

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