HOLYOKE COMMUNITY COLLEGE FOUNDATIONINC Charity Report

Public IRS 990 nonprofit record

HOLYOKE COMMUNITY COLLEGE FOUNDATIONINC

EIN 23-7181691 · Philanthropy, Voluntarism & Grantmaking Foundations (T)

What they do

SEE SCHEDULE OTHE HOLYOKE COMMUNITY COLLEGE (HCC) FOUNDATION EXISTS to SUPPORT and PROMOTE THE MISSION of HOLYOKE COMMUNITY COLLEGE. THE PURPOSE of THE FOUNDATION is to SECURE, INVEST and STEWARD FINANCIAL and OTHER RESOURCES to ENHANCE THE QUALITY of EDUCATION and EXPAND EDUCATIONAL OPPORTUNITIES for HOLYOKE COMMUNITY COLLEGE STUDENTS. AS A CHARITABLE CORPORATION ORGANIZED UNDER THE LAWS of THE COMMONWEALTH of MASSACHUSETTS, THE HCC FOUNDATION is FISCALLY and LEGALLY SEPARATE FROM THE COLLEGE and PROVIDES A PERPETUAL TRUSTEESHIP for FUNDS DONATED BY INDIVIDUALS and ORGANIZATIONS to SUPPORT PROGRAMS and ACTIVITIES THAT BENEFIT THE COLLEGE and ITS STUDENTS. THE HCC FOUNDATION BOARD of DIRECTORS is GUIDED BY THE FOLLOWING PRINCIPLES EQUALLY: STUDENT SUCCESS, RELATIONSHIPS, EXCELLENCE and INNOVATION, STEWARDSHIP, and DIVERSITY and RESPECT. IN SHORT, THE HCC FOUNDATION MISSION IS: "SUPPORT. INVEST. MAKE POSSIBLE."

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $96.70 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 leaders32 people are listed in the latest report.

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

Money made simple

208.92%of revenue went to mission work96.7% of expenses · Program services

0.49%of revenue went to fundraising0.2% of expenses

$216.15spent for every $100 of revenueSpending was higher than revenue this year.

6.74%of revenue went to management and office costs3.1% of expenses

$3.51in assets for every $1 spent this yearSome assets cannot be spent right away.

20.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $3,344,766 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $150,781 for AMANDA SBRISCIA (DIRECTOR). Compare pay with organizations of similar size and complexity.

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$2,879,681

Mission workProgram services$6,016,092208.92% of revenue96.7% of expenses

ManagementOffice and general costs$194,1026.74% of revenue3.1% of expenses

FundraisingAsking for donations$14,2530.49% of revenue0.2% of expenses

Total expenses$6,224,447216.15% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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: 96.7% mission · 3.1% management · 0.2% fundraisingTotal expenses: 216.15% of revenue

2023Expense mix: 97.8% mission · 1.8% management · 0.4% fundraisingTotal expenses: 289.79% of revenue

2022Expense mix: 88.7% mission · 9.1% management · 2.2% fundraisingTotal expenses: 25.28% of revenue

2021Expense mix: 89.9% mission · 10.0% management · 0.1% fundraisingTotal expenses: 77.43% of revenue

2020Expense mix: 93.6% mission · 6.4% management · 0.0% fundraisingTotal expenses: 56.96% of revenue

2019Expense mix: 93.0% mission · 7.0% management · 0.0% fundraisingTotal expenses: 102.12% of revenue

2018Expense mix: 96.8% mission · 2.6% management · 0.6% fundraisingTotal expenses: 56.22% of revenue

2017Expense mix: 93.7% mission · 5.0% management · 1.3% fundraisingTotal expenses: 39.77% of revenue

Money in and money out

Revenue$2,879,681

Expenses$6,224,447

Annual shortfall $3,344,766 Expenses were higher than revenue 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)$6,016,092 · 96.7% of expenses

Management and office costs$194,102 · 3.1% of expenses

Fundraising$14,253 · 0.2% of expenses

See all reported dollar amounts

Revenue$2,879,681

Expenses$6,224,447

Assets$21,850,041

Income$8,512,874

Contributions$599,973

Mission work (program services)$6,016,092

Fundraising$14,253

Grants given$12,727,550

Average grant$1,818,221

Management and general$194,102

Stocks and bonds$18,935,521

Accounting fees$33,700

Investing fees$91,902

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

AMANDA SBRISCIADIRECTOR · 2 hrs/week $150,781Base · Other $150,781

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (32)

AMANDA SBRISCIADIRECTOR

LUINDY ESPINALDIRECTOR

WENDY FOXDIRECTOR

LYNN STARRVICE CHAIR

MARY KAEDINGDIRECTOR

MATT MANGANELLIDIRECTOR

MATT MCMAHONDIRECTOR

MAURA GREANEYDIRECTOR

MICHAEL LYNCHDIRECTOR

MICHAEL ROUNDYVICE TREASURER

RYAN REGEDIRECTOR

SINA HOLLOMANDIRECTOR

STEVEN CLEMENTDIRECTOR

SUSAN GOLDSMITHCHAIR

TED HEBERTDIRECTOR

TIFFANY MADRUSECRETARY

ALAINA MACAULAYDIRECTOR

KIP FOLEYDIRECTOR

KATE DOUGLASDIRECTOR

JOSHUA GARCIADIRECTOR

JOHNNIE MCKNIGHTDIRECTOR

JIM SHEVLINDIRECTOR

JASARAH BURGOSDIRECTOR

ISRAEL RIVERADIRECTOR

GEORGE TIMMONSDIRECTOR

GARY ROMEDIRECTOR

EVAN PLOTKINDIRECTOR

DEBORAH RODRIGUEZDIRECTOR

DEANA L MCPHERSONTREASURER

COREY MURPHYDIRECTOR

CAMILLE THERIAQUEDIRECTOR

BOB CESTOLA CPADIRECTOR

About this charity

Recognized since: January 1972
Location: 303 HOMESTEAD AVE, HOLYOKE, MA 01040-1091
County: Hampden
In care of: % ERICA BROMAN
Primary officer: AMANDA SBRISCIA, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(413) 552-2747

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: WHITTLESEY PC
NTEE classification: Philanthropy, Voluntarism & Grantmaking Foundations (T)
IRS tax category: Philanthropy, Voluntarism & Grantmaking Foundations
Grant-giving organization: Yes