Berkshire Community College Foundation Inc
- Assets
- $13.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsfield, MA
- Founding
- 06/1981
- Data as of
- 06/2021
- EIN
- 04-2736585
Organization Overview
Berkshire Community College Foundation Inc is located in Pittsfield, MA. The organization was established in 1981. 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. Berkshire 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 06/2021, Berkshire Community College Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $852.1k during the year ending 06/2021. While expenses have increased by 6.6% per year over the past 6 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.
Since 2015, Berkshire Community College Foundation Inc has awarded 32 individual grants totaling $7,039,979. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR EDUCATIONAL AND CHARITABLE PURPOSES FOR THE ADVANCEMENT OF BERKSHIRE COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS AND AWARDS TO THE STUDENTS OF BERKSHIRE COMMUNITY COLLEGE AND FUNDING FOR EDUCATIONAL PROGRAMS AND EXHIBITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gus Leibowitz Secretary | OfficerTrustee | 3 | $0 |
Tess Sorrentino Treasurer | OfficerTrustee | 3 | $0 |
Eugene Dellea President | OfficerTrustee | 3 | $0 |
Barbara Hochberg Vice President | OfficerTrustee | 3 | $0 |
Keyburn Hollister Director | Trustee | 3 | $0 |
Richard Rilla Director | Trustee | 3 | $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 | $509,858 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $509,858 |
| Total Program Service Revenue | $0 |
| Investment income | $176,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $220,893 |
| Net Gain/Loss on Asset Sales | $348,388 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,255,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $605,887 |
| Grants and other assistance to domestic individuals. | $25,825 |
| 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 | $85,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,193 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,519 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,420 |
| Office expenses | $13,804 |
| Information technology | $31,799 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,124 |
| Total functional expenses | $852,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,712,908 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $19,076 |
| 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 | $500 |
| Net Land, buildings, and equipment | $303,364 |
| Investments—publicly traded securities | $11,449,834 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,490,682 |
| Accounts payable and accrued expenses | $219,809 |
| 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 | $219,809 |
| Net assets without donor restrictions | $731,041 |
| Net assets with donor restrictions | $12,539,832 |
| 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 | $13,490,682 |
Grants Awarded
Over the last fiscal year, Berkshire Community College Foundation Inc has awarded $587,337 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BERKSHIRE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $235,003 |
BERKSHIRE COMMUNITY COLLEGE PURPOSE: EDUCATIONAL SUPPORT | $147,973 |
BERKSHIRE COMMUNITY COLLEGE PURPOSE: OSHER GRANTS | $137,694 |
BERKSHIRE COMMUNITY COLLEGE PURPOSE: TURF FIELD SUPPORT | $66,667 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Berkshire Community College Foundation Inc has recieved totaling $97,586.
| Awarding Organization | Amount |
|---|---|
The Berkshire Taconic Community Foundation Inc Sheffield, MA PURPOSE: GENERAL SUPPORT OF HIGHER EDUCATION | $41,584 |
Donald C Mcgraw Foundation Inc Delray Beach, FL PURPOSE: GENERAL SUPPORT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $16,775 |
John F Welch Jr Foundation Pound Ridge, NY PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Berkshire Life Charitable Foundation Pittsfield, MA PURPOSE: SUPPLIES FOR DISABILITY RESOURCE CENTER | $3,950 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $277 |
Endowment Analysis
| Beg. Balance | $8,965,663 |
| Earnings | $2,399,006 |
| Net Contributions | $12,633 |
| Grants | $433,394 |
| Ending Balance | $10,943,908 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rhode Island Community Foundation Providence, RI | $1,346,682,058 | $194,702,159 |
Hartford Foundation For Public Giving Hartford, CT | $1,125,106,021 | $82,935,365 |
New Hampshire Charitable Foundation Concord, NH | $946,933,381 | $84,058,560 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Community Foundation For Greater New Haven New Haven, CT | $745,279,119 | $58,670,540 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Fairfield Countys Community Foundation Inc Norwalk, CT | $264,164,706 | $42,534,303 |
Vermont Community Foundation Middlebury, VT | $310,876,312 | $39,275,546 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |
Central New York Community Foundation Inc Syracuse, NY | $395,864,792 | $49,020,873 |