MASSACHUSETTS BAY COMMUNITY COLLEGE FOUNDATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
MASSACHUSETTS BAY COMMUNITY COLLEGE FOUNDATION (EIN 22-2581930)
Tax period
2011-07-01 to 2012-06-30
Filed
2013-02-08
IRS object ID
201320399349300412
Schema version
2011v1.2
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)
Timestamp2013-02-08T10:21:24-06:00Timestamp
Tax Period End Date2012-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN043000523EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1O'CONNOR & DREW PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line125 BRAINTREE HILL OFC PK SUITE 102AddressLine1
CityBRAINTREECity
StateMAState
ZIP Code02184ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN222581930EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1MASSACHUSETTS BAY COMMUNITY COLLEGEBusinessNameLine1
Business Name Line2FOUNDATION INCBusinessNameLine2
FieldValueIRS element (for citing)
Name ControlMASSNameControl
Phone7812393000Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line150 OAKLAND STREETAddressLine1
CityWELLESLEY HILLSCity
StateMAState
ZIP Code02481ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameRICHARD HASKELLName
TitleVICE PRESIDENT OF ADMIN & FINANCETitle
Phone7812393000Phone
Date Signed2013-01-30DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameRAYMOND LOFSTROMName
PTINP00297041PTIN
Phone6174711120Phone
Date Prepared2013-01-30DatePrepared
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonRICHARD HASKELLNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line150 OAKLAND STAddressLine1
CityWELLESLEY HILLSCity
StateMAState
ZIP Code02481ZIPCode
FieldValueIRS element (for citing)
Gross Receipts1182859GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteN/AWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1984YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionTO PROVIDE SCHOLARSHIPS AND COLLEGE FUNDRAISINGActivityOrMissionDescription
Nbr Voting Members Governing Body14NbrVotingMembersGoverningBody
Nbr Independent Voting Members14NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year252543ContributionsGrantsPriorYear
Contributions Grants Current Year267990ContributionsGrantsCurrentYear
Program Service Revenue Prior Year0ProgramServiceRevenuePriorYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year102766InvestmentIncomePriorYear
Investment Income Current Year140519InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year355309TotalRevenuePriorYear
Total Revenue Current Year408509TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year216921GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY213983GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year0SalariesEtcPriorYear
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year89216OtherExpensePriorYear
Other Expenses Current Year54673OtherExpensesCurrentYear
Total Expenses Prior Year306137TotalExpensesPriorYear
Total Expenses Current Year268656TotalExpensesCurrentYear
Revenues Less Expenses Prior Year49172RevenuesLessExpensesPriorYear
Revenues Less Expenses CY139853RevenuesLessExpensesCY
Total Assets BOY3887030TotalAssetsBOY
Total Assets EOY3889212TotalAssetsEOY
Total Liabilities BOY7817TotalLiabilitiesBOY
Total Liabilities EOY5228TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY3879213NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY3883984NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTHE MISSION OF THE FOUNDATION IS TO ASSIST MASSACHUSETTS BAY COMMUNITY COLLEGE FURTHER DEVELOP EDUCATIONAL EXCELLENCE BY SECURING NEW RESOURCES, MAXIMIZING RETURN ON EXISTING RESOURCES, ACTING AS AMBASSADORS TO THE COMMUNITY AND COMPLEMENTING AND RESOURCING THE WORK OF THE COLLEGE'S TRUSTEES AND STAFF ON SHAPING THE FUTURE.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense37520Expense
DescriptionAWARDS SCHOLARSHIPS TO VARIOUS STUDENTSDescription

Activity2 Activity2

FieldValueIRS element (for citing)
Expense176463Expense
DescriptionEQUIPMENT DONATIONSDescription
FieldValueIRS element (for citing)
Total Program Service Expense213983TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds1DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Report Land Bldg Equip0ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities0ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals1GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions1DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org1TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Form8899 Filed0Form8899Filed
Form1098 C Filed0Form1098CFiled
Excess Business Holdings0ExcessBusinessHoldings
Taxable Distributions0TaxableDistributions
Distribution To Donor0DistributionToDonor
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members14NbrVotingGoverningBodyMembers
Number Independent Voting Members14NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO0CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1RICHARD HASKELLBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number7812393000TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line150 OAKLAND STREETAddressLine1
CityWELLESLEY HILLSCity
StateMAState
ZIP Code02481ZIPCode
FieldValueIRS element (for citing)
Info In Schedule O Part VIIXInfoInScheduleOPartVII

Form990 Part VII Section A Form990PartVIISectionA (17 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
DANIEL B JULIANI
TRUSTEE0.50X000
MICHELLE DROLET
VICE CHAIR0.50X000
WILLIAM G MORRIS
TRUSTEE0.50X000
TIMOTHY P JONES
TRUSTEE0.50X000
JEANNETTE A GERALD
TRUSTEE0.50X000
DAVID J HIMMELBERGER
TRUSTEE0.50X000
JAMES J MCKENZIE
CHAIRMAN0.50X000
CYNTHIA SMITH FORREST
TRUSTEE0.50X000
JEROME CHASE
TRUSTEE0.50X000
KEVIN KANE
TRUSTEE0.50X000
BONNIE BIOCCHI
TRUSTEE0.50X000
ANNEMARIE MCKINLEY
TRUSTEE0.50X000
KATHERINE WELLINGTON
TRUSTEE0.50X000
HARRY WELLS
TRUSTEE0.50X000
RICHARD HASKELL
CHIEF FINANCIAL OFFICER1.0001298400X
DAVID FAULKNER
EXECUTIVE DIRECTOR37.500912570X
JOHN O'DONNELL
PRESIDENT1.000867640X
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs307861TotalReportableCompFrmRltdOrgs
Total Other Compensation0TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
All Other Contributions267990AllOtherContributions
Total Contributions267990TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column80525TotalRevenueColumn
Exclusion$80,525ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities834344Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities774350Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities59994Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column59994TotalRevenueColumn
Exclusion$59,994ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column408509TotalRevenueColumn
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$140,519ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total176463Total
Program Services176463ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total37520Total
Program Services37520ProgramServices

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total100Total
Management And General100ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total7073Total
Management And General7073ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total20450Total
Management And General20450ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total4951Total
Management And General4951ManagementAndGeneral

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total17186Total
Management And General17186ManagementAndGeneral

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionMISCELLANEOUS EXPENSEDescription
Total4913Total
Management And General4913ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total268656Total
Program Services213983ProgramServices
Management And General54673ManagementAndGeneral
Fundraising0Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY205288BOY
EOY132422EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY2422BOY
EOY1422EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY3679320BOY
EOY3755368EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY3887030BOY
EOY3889212EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY7817BOY
EOY5228EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY7817BOY
EOY5228EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY1128789BOY
EOY1094284EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY1836555BOY
EOY1875831EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY913869BOY
EOY913869EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY3879213BOY
EOY3883984EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY3887030BOY
EOY3889212EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses139853ReconcilationRevenueExpenses
Reconcilation Other Changes-135082ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College Support Org170b1 AivXCollegeSupportOrg170b1Aiv

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years230579CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years399553CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years270464CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year252543CurrentTaxYearMinus1Year
Current Tax Year267990CurrentTaxYear
Total1421129Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years230579CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years399553CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years270464CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year252543CurrentTaxYearMinus1Year
Current Tax Year267990CurrentTaxYear
Total1421129Total
FieldValueIRS element (for citing)
Public Support Total1701421129PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years127291CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years100049CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years89413CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year69570CurrentTaxYearMinus1Year
Current Tax Year80525CurrentTaxYear
Total466848Total
FieldValueIRS element (for citing)
Total Support1887977TotalSupport
Public Support Pertcentage1700.75270PublicSupportPertcentage170
Public Support Pertcent Prior Year0.72810PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Number DA Fs Held13NumberDAFsHeld
Donor Advised Contributions42436DonorAdvisedContributions
Grants Paid From Donor Funds5322GrantsPaidFromDonorFunds
Aggregate DAF Value128524AggregateDAFValue
Disclosed Orgs Legal Control0DisclosedOrgsLegalControl
Disclosed For Charitable Purposes1DisclosedForCharitablePurposes

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance2750424BeginningOfYearBalance
Contributions81628Contributions
Investment Earnings Or Losses3905InvestmentEarningsOrLosses
Grants Or Scholarships46257GrantsOrScholarships
End Of Year Balance2789700EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance2398523BeginningOfYearBalance
Contributions27027Contributions
Investment Earnings Or Losses356887InvestmentEarningsOrLosses
Grants Or Scholarships32013GrantsOrScholarships
End Of Year Balance2750424EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance2611256BeginningOfYearBalance
Contributions98555Contributions
Investment Earnings Or Losses281987InvestmentEarningsOrLosses
Grants Or Scholarships126768GrantsOrScholarships
Other Expenditures466507OtherExpenditures
End Of Year Balance2398523EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

FieldValueIRS element (for citing)
Beginning Of Year Balance3400598BeginningOfYearBalance
Contributions386167Contributions
Investment Earnings Or Losses-284595InvestmentEarningsOrLosses
Grants Or Scholarships140125GrantsOrScholarships
Other Expenditures750789OtherExpenditures
End Of Year Balance2611256EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.00000BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.33000PermanentEndowmentEOYBalance
Term Endowment EOY Balance0.67000TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs
Total Of Book Value Land Buildings0TotalOfBookValueLandBuildings

Other Securities OtherSecurities (4 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
EQUITY MUTUAL FUNDS2443019F
BOND MUTUAL FUNDS1081991F
MARKETABLE EQUITY SECURITIES41094F
MARKETABLE DEBT SECURITIES189264F
FieldValueIRS element (for citing)
Total Of Book Value Securities3755368TotalOfBookValueSecurities
Total Revenue408509TotalRevenue
Total Expenses268656TotalExpenses
Excess Or Deficit For Year139853ExcessOrDeficitForYear
Net Unrealized GL On Investments-135082NetUnrealizedGLOnInvestments
Total Adjustments-135082TotalAdjustments
Excess Or Deficit Per FS4771ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt273427TotRevenueEtcAuditedFinclStmt
Other Revenues-135082OtherRevenues
Revenue Not Rptd F990-135082RevenueNotRptdF990
Revenue Subtotal408509RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form990408509TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt268656TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal268656ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form990268656TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

ExplanationExplanation
MASSACHUSETTS BAY COMMUNITY COLLEGE FOUNDATION, INC. (THE "FOUNDATION") 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 ITS 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. INTEREST AND PENALTIES, IF ANY, RELATED TO ASSESSMENTS BY TAX AUTHORITIES, WILL BE CLASSIFIED AS A COMPONENT OF MANAGEMENT AND GENERAL EXPENSE IN THE STATEMENT OF ACTIVITIES. A TAX POSITION MAY BE CONSIDERED TAKEN ANY TIME A TAXPAYER CHOOSES BETWEEN ALTERNATIVES THAT AFFECT THE AMOUNT OF THEIR TAX OBLIGATIONS AND INCLUDE FOR EXAMPLE: TAX EXEMPT STATUS; STATUS AS A PASS-THROUGH ENTITY (S CORPORATIONS, ETC.); DECISIONS MADE IN THE PROCESS OF CONFORMING WITH TAX LAWS; DECISIONS NOT TO FILE IN CERTAIN JURISDICTIONS; ALLOCATION OF INCOME BETWEEN JURISDICTIONS AND THE CHARACTERIZATION OF INCOME OR EXPENSES. 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. 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. SINCE THE CONTINUANCE OF THIS STATUS IS BASED UPON CONTINUING QUALIFICATION, THE FOUNDATION HAS IDENTIFIED THIS AS A TAX POSITION. HOWEVER, IT HAS DETERMINED THAT THIS TAX POSITION MEETS MLTN SUSTAINABILITY AND DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE FOUNDATION DOES NOT EXPECT ANY MATERIAL CHANGES IN ITS POSITION REGARDING THIS MATTER IN THE NEXT TWELVE MONTHS.
THE AMOUNT DISCLOSED ON LINE 2D OF PART XII OF SCHEDULE D REPRESENTS UNREALIZED LOSSES ON INVESTMENTS.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

FieldValueIRS element (for citing)
Business Name Line1MASSACHUSETTS BAY COMMUNITY COLLEGEBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line150 OAKLAND STREETAddressLine1
CityWELLESLEY HILLSCity
StateMAState
ZIP Code02481ZIPCode
FieldValueIRS element (for citing)
EIN Of Recipient046002284EINOfRecipient
IRC Section115IRCSection
Amount Of Non Cash Assistance176463AmountOfNonCashAssistance
Method Of ValuationFMVMethodOfValuation
Description Of Non Cash AssistanceAUTOMOTIVE EQUIPMENTDescriptionOfNonCashAssistance
Purpose Of GrantFOR USE BY THE COLLEGE'S AUTOMOTIVE TECHNOLOGY PROGRAMPurposeOfGrant

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantSCHOLARSHIPSTypeOfGrant
Number Of Recipients51NumberOfRecipients
Amount Of Cash Grant37520AmountOfCashGrant
Method Of ValuationFMVMethodOfValuation

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierPROCEDURE FOR MONITORING GRANTS IN THE U.S.:Identifier
Return ReferencePART I, LINE 2:ReturnReference
ExplanationSCHEDULE I, PART I, LINE 2: THE FOUNDATION RECEIVES INSTRUCTIONS ALONG WITH EACH CHECK FROM THE ORGANIZATION GIVING THE GRANT. CHECKS ARE DEPOSITED AND ISSUED TO STUDENTS FOR TUITION, BOOKS, SUPPLIES, EQUIPMENT, ETC. THE FOUNDATION REPORTS QUARTERLY TO THE BOARD OF TRUSTEES ON ALL GRANT ACTIVITY. FOR GRANTS THAT ARE USED FOR THE PURPOSES OF SALARIES AND FRINGE BENEFITS, IN ORDER TO BE IN COMPLIANCE WITH FEDERAL AND STATE REGULATIONS, THESE FUNDS ARE MONITORED BY THE COLLEGE. IN THESE CASES, THE COLLEGE'S GRANTS ACCOUNTANT ISSUES INVOICES TO THE FOUNDATION FOR SALARIES DUE. THE GRANT ACCOUNTANT THEN TRACKS AND MONITORS THE INCOME AND EXPENSE FOR THESE GRANTS.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceXHousingAllowanceOrResidence
Written Policy Re T And E Expenses1WrittenPolicyReTAndEExpenses
Substantiation Required1SubstantiationRequired
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
Return ReferencePART I, LINE 1AReturnReference
ExplanationTHE PRESIDENT OF THE COLLEGE RECEIVES A MONTHLY HOUSING ALLOWANCE OF $1,500.Explanation

Schedule M IRS990ScheduleM

Cars And Other Vehicles CarsAndOtherVehicles

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions1NumberOfContributions
Noncash Contribs Rptd F99071475NoncashContribsRptdF990
Method Of Determining RevenuesESTIMATED ASSET VALUEMethodOfDeterminingRevenues

Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)

Non Cash CheckboxNonCashCheckboxDescriptionDescriptionNumber Of ContributionsNumberOfContributionsNoncash Contribs Rptd F990NoncashContribsRptdF990Method Of Determining RevenuesMethodOfDeterminingRevenues
XAUTO TECH EQUIPMENT154000ESTIMATED ASSET VALUE
XAUTOMOBILE PARTS150988ESTIMATED ASSET VALUE
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts1ReviewProcessUnusualNCGifts
Third Parties Used0ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
FORM 990, PART VI, SECTION B, LINE 11THE FORM 990 WILL BE REVIEWED BY THE BOARD OF TRUSTEES OR WILL BE DELEGATED TO A SUB-COMMITTEE WHERE A MEMBER OF THE FINANCE 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 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.
MASSACHUSETTS BAY COMMUNITY COLLEGE FOUNDATION HAS NO EMPLOYEES. THE FOUNDATION INSTEAD USES EMPLOYEES OF MASSACHUSETTS BAY COMMUNITY COLLEGE, A RELATED ORGANIZATION.FORM 990, PART VII, SECTION A
FORM 990, PART XI, LINE 5:NET UNREALIZED LOSSES ON INVESTMENTS: -135,082.CHANGES IN NET ASSETS OR FUND BALANCES:
AUDIT COMMITTEE THE ORGANIZATION HAS AN 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.FORM 990, PART XII, LINE 2C:

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1MASSACHUSETTS BAY COMMUNITY COLLEGEBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line150 OAKLAND STREETAddressLine1
CityWELLESLEY HILLSCity
StateMAState
ZIP Code02481ZIPCode
FieldValueIRS element (for citing)
EIN046002284EIN
Primary ActivitiesCOMMUNITY COLLEGEPrimaryActivities
Legal Domicile StateMALegalDomicileState
Exempt Code Section115ExemptCodeSection
Public Charity StatusN/APublicCharityStatus
Direct Controlling Entity NAN/ADirectControllingEntityNA
Controlled Org0ControlledOrg
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org1GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs1PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities1SharingOfFacilities
Sharing Of Paid Employees1SharingOfPaidEmployees
Reimbursement Paid To Other Org1ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolvedMethod Of Amt DeterminationMethodOfAmtDetermination
MASSACHUSETTS BAY COMMUNITY COLLEGE
N119700ESTIMATED FAIR MARKET VALUE
MASSACHUSETTS BAY COMMUNITY COLLEGE
B176463ESTIMATED FAIR MARKET VALUE

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