Bristol Community College Foundati On Inc
- Assets
- $20.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Fall River, MA
- Founding
- 10/1981
- Data as of
- 06/2022
- EIN
- 04-2707491
Organization Overview
Bristol Community College Foundati On Inc is located in Fall River, MA. The organization was established in 1981. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bristol Community College Foundati On 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, Bristol Community College Foundati On Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 1.9% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE GRANTS: THE GRANTS AWARDED ARE REQUESTED BY FACULTY AND STAFF TO FUND SPECIAL PROGRAMS, SPEAKERS, PROFESSIONAL CONFERENCES AND EQUIPMENT THAT CAN NO LONGER BE FUNDED THROUGH THE COLLEGE OPERATING BUDGET.
TO PROVIDE FINANCIAL ASSISTANCE AND AWARDS TO QUALIFIED STUDENTS.
OTHER PROGRAM EXPENSES: THE FOUNDATION INCURS EXPENSES RELATED TO ITS OPERATIONS WHICH INCLUDES PUBLICATIONS, DATABASE INFRASTRUCTURE, MAIL APPEALS, SPECIAL EVENTS, MEETINGS, AND SPEAKERS TO HELP MEET THE GOALS OF THE BRISTOL COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas P Murray CPA President | OfficerTrustee | 1 | $0 |
Frank B Sousa III Executive Vice President | OfficerTrustee | 1 | $0 |
Kathleen Maclean Co-Vice President | OfficerTrustee | 1 | $0 |
Anthony Sapienza Co-Vice President | OfficerTrustee | 1 | $0 |
Elliot Rosenfield CPA Treasurer | OfficerTrustee | 1 | $0 |
Peter Silva Clerk | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,430,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,430,047 |
| Total Program Service Revenue | $0 |
| Investment income | $299,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$28,910 |
| Net Gain/Loss on Asset Sales | $567,548 |
| Net Income from Fundraising Events | $24,438 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,292,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,245,687 |
| Grants and other assistance to domestic individuals. | $461,549 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $85,439 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,767 |
| Office expenses | $38,337 |
| Information technology | $37,379 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,092 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,182 |
| All other expenses | $0 |
| Total functional expenses | $2,139,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $612,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $219,088 |
| Accounts receivable, net | $43,912 |
| 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 | $61,174 |
| Net Land, buildings, and equipment | $6,535,999 |
| Investments—publicly traded securities | $13,453,287 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,000 |
| Total assets | $20,944,384 |
| Accounts payable and accrued expenses | $2,206,009 |
| Grants payable | $0 |
| Deferred revenue | $108,079 |
| 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 | $2,240,513 |
| Other liabilities | $0 |
| Total liabilities | $4,554,601 |
| Net assets without donor restrictions | $3,809,990 |
| Net assets with donor restrictions | $12,579,793 |
| 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 | $20,944,384 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bristol Community College Foundati On Inc has recieved totaling $156,263.
| Awarding Organization | Amount |
|---|---|
Thomas A Rodgers Jr Family Foundation Newport, RI PURPOSE: SCHOLARSHIP FUND | $75,000 |
Southcoast Community Foundation Inc New Bedford, MA PURPOSE: FY20-21 GRANT / BRISTOLS EMERGENCY COVID RESPONSE FUND/ FOR THE BCC WOMENS CENTER/ DIRECT NEEDS OF YOUTH/ BRISTOL STUDENT SUPPORT / BRISTOL EXTRAORDINARY NEEDS / IN SUPPORT OF POETRY/ BRISTOL FOOD PANTRY - GENERAL SUPPORT | $52,670 |
Edith H Demauro Charitable Tr Plymouth, MA PURPOSE: GENERAL CHARITABLE | $22,298 |
Ethel M Gainey Charitable Tr Plymouth, MA PURPOSE: GENERAL USE | $6,001 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $294 |
Endowment Analysis
| Beg. Balance | $12,519,907 |
| Earnings | $1,276,539 |
| Grants | $163,450 |
| Ending Balance | $11,079,918 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Laboure College Milton, MA | $45,194,532 | $27,640,427 |
Maria College Albany, NY | $31,705,663 | $17,053,225 |
Villa Maria College Of Buffalo Buffalo, NY | $9,472,664 | $15,072,401 |
Monroe Community College Assn Inc Rochester, NY | $45,662,437 | $9,260,852 |
Faculty Student Association Of Hudson Valley-Community College Troy, NY | $21,516,761 | $4,749,556 |
Dutchess Community College Association Inc Poughkeepsie, NY | $29,032,305 | $3,364,848 |
Norwalk Community College Foundation Norwalk, CT | $32,505,867 | $5,211,834 |
Faculty Student Association Of Nassau Community College Inc Garden City, NY | $3,142,669 | $4,037,426 |
Faculty Student Association Of The Tompkins Cortland Community Colleg Dryden, NY | $1,383,338 | $2,861,697 |
Faculty Student Association Of Jefferson Community College Inc Watertown, NY | $19,958,868 | $2,449,914 |
Faculty Student Assoc Of Cayuga County Community College Auburn, NY | $1,938,394 | $2,414,106 |
Bristol Community College Foundati On Inc Fall River, MA | $20,944,384 | $2,292,691 |