Greenfield Community College Foundation Inc
- Assets
- $8.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Greenfield, MA
- Founding
- 07/1969
- Data as of
- 06/2022
- EIN
- 04-2449856
Organization Overview
Greenfield Community College Foundation Inc is located in Greenfield, MA. The organization was established in 1969. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenfield Community College Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Greenfield Community College Foundation Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ENDOWMENT FUND SUPPORTING GREENFIELD COMMUNITY COLLEGE AND ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARD SCHOLARSHIPS TO GREENFIELD COMMUNITY COLLEGE STUDENTS AND SUPPORT THE ACTIVITIES AND PROGRAMS OF THE GREENFIELD COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis Page Comp From Unrelated Org Exec Director (start 7/19/21) | Officer | 10 | $124,500 |
Regina Curtis Comp From Unrelated O Exec Director (end 12/31/21) | Officer | 10 | $105,934 |
Kathryn Sisson Treasurer | OfficerTrustee | 4 | $0 |
Mitch Anthony President | OfficerTrustee | 4 | $0 |
Lori Grover Director; Secretary | OfficerTrustee | 4 | $0 |
Jacqueline Zuzgo Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,654 |
| Related organizations | $0 |
| Government grants | $63,665 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,046,057 |
| Noncash contributions included in lines 1a–1f | $15,850 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,164,376 |
| Total Program Service Revenue | $0 |
| Investment income | $321,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $107,416 |
| Net Gain/Loss on Asset Sales | $264,824 |
| Net Income from Fundraising Events | -$7,476 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,850,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $729,587 |
| Grants and other assistance to domestic individuals. | $290,668 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $670 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $27,324 |
| Royalties | $0 |
| Occupancy | $107,415 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,528 |
| Insurance | $11,186 |
| All other expenses | $5,046 |
| Total functional expenses | $1,283,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,255,971 |
| Pledges and grants receivable | $255,000 |
| Accounts receivable, net | $4,555 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,395 |
| Net Land, buildings, and equipment | $721,675 |
| Investments—publicly traded securities | $6,516,494 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,779,090 |
| Accounts payable and accrued expenses | $23,077 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,077 |
| Net assets without donor restrictions | $2,917,343 |
| Net assets with donor restrictions | $5,838,670 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,779,090 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Greenfield Community College Foundation Inc has recieved totaling $230,596.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: COLLEGE/UNIV (EDUCATION) | $208,900 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $12,150 |
Clark Hunter Foundation Pittsburgh, PA PURPOSE: EDUCATION | $5,000 |
The Kittredge Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $3,000 |
Gravestar Foundation Cambridge, MA PURPOSE: CHARITABLE | $1,000 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 04/07/21 | $350 |
Endowment Analysis
| Beg. Balance | $6,741,015 |
| Earnings | -$420,455 |
| Net Contributions | $284,956 |
| Other Expense | $232,391 |
| Ending Balance | $6,373,125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA | $235,546,714 | $26,961,716 |
Greater Worcester Community Foundation Inc Worcester, MA | $200,476,252 | $22,847,423 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Eastern Connecticut New London, CT | $123,416,332 | $10,480,728 |
Southcoast Community Foundation Inc New Bedford, MA | $53,147,669 | $13,725,688 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Connecticut Community Foundation Inc Waterbury, CT | $154,014,275 | $11,174,882 |
Adirondack Foundation Lake Placid, NY | $81,334,603 | $18,009,853 |
New York City Partnership Foundation Inc New York, NY | $45,208,462 | $5,342,641 |