MASSACHUSETTS BAY COMMUNITY COLLEGE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

MASSACHUSETTS BAY COMMUNITY COLLEGE FOUNDATION INC

EIN 22-2581930 · Single Organization Support (B11)

What they do

THE 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $94.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

73.09%of revenue went to mission work94.0% of expenses · Program services

$77.74spent for every $100 of revenueRevenue covered expenses this year.

4.65%of revenue went to management and office costs6.0% of expenses

$8.01in assets for every $1 spent this yearSome assets cannot be spent right away.

86.2%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,256,568

Mission workProgram services$918,38773.09% of revenue94.0% of expenses

ManagementOffice and general costs$58,4644.65% of revenue6.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$279,71722.26% of revenueShown in gray on the chart

Total expenses$976,85177.74% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 94.0% mission · 6.0% management · 0.0% fundraisingTotal expenses: 77.74% of revenue

2023Expense mix: 97.5% mission · 2.5% management · 0.0% fundraisingTotal expenses: 146.20% of revenue

2022Expense mix: 96.8% mission · 3.2% management · 0.0% fundraisingTotal expenses: 95.51% of revenue

2021Expense mix: 96.0% mission · 4.0% management · 0.0% fundraisingTotal expenses: 101.33% of revenue

2020Expense mix: 96.0% mission · 4.0% management · 0.0% fundraisingTotal expenses: 87.02% of revenue

2019Expense mix: 95.7% mission · 4.3% management · 0.0% fundraisingTotal expenses: 59.07% of revenue

2018Expense mix: 91.7% mission · 8.3% management · 0.0% fundraisingTotal expenses: 107.56% of revenue

2017Expense mix: 91.3% mission · 8.7% management · 0.0% fundraisingTotal expenses: 85.80% of revenue

Money in and money out

Revenue$1,256,568

Expenses$976,851

Annual surplus $279,717 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$918,387 · 94.0% of expenses

Management and office costs$58,464 · 6.0% of expenses

See all reported dollar amounts

Revenue$1,256,568

Expenses$976,851

Assets$7,823,428

Income$1,256,568

Contributions$1,083,549

Mission work (program services)$918,387

Grants given$3,768,632

Average grant$753,726

Management and general$58,464

Stocks and bonds$6,357,102

Accounting fees$16,404

Investing fees$24,191

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (12)

CHRIS TEACHOUTDIRECTOR

DAVID KENNEDYDIRECTOR

HOWARD FERRISVICE CHAIR

JAMES J MCKENZIEDIRECTOR

JEAN DYERDIRECTOR

JOSEPH ASAYADIRECTOR

REBECCA KANNAMCHAIR

STACY OKADADIRECTOR

STEPHEN T HIBBARDDIRECTOR

THOMAS W CLEVERDONDIRECTOR

TODD OFENLOCHDIRECTOR

TONY LOFTISDIRECTOR

About this charity

Recognized since: January 1985
Location: 50 OAKLAND ST, WELLESLEY HLS, MA 02481-5307
County: Norfolk
In care of: % STEPHEN BACCARI COMPTROLLER
Primary officer: REBECCA KANNAM, DIRECTOR & CHAIR

How to reach them

WebsiteVisit the charity’s website Phone(781) 239-3000

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: WITHUMSMITHBROWNPC
NTEE classification: Single Organization Support (B11)
IRS tax category: Single Organization Support
Grant-giving organization: Yes