North Shore Community College Foundation Inc

Organization Overview

North Shore Community College Foundation Inc is located in Danvers, MA. The organization was established in 1984. 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. North Shore 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, North Shore Community College Foundation Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 13.1% 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.

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

VARIOUS GRANTS RECEIVED FOR THE BENEFIT OF THE NORTH SHORE COMMUNITY COLLEGE AND PAID TO THE COLLEGE AS REQUIRED BY THE DONOR.


SCHOLARSHIPS AWARDED TO STUDENTS OF NORTH SHORE COMMUNITY COLLEGE.


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Board, Officers & Key Employees

Name (title)Compensation
Bruce Daniels
Treasurer
$0
James Horrocks
President
$0
John Fouhy
Vice President
$0
Lyn Kaplan
Vice President
$0
Mary Sarris
Clerk
$0
Barbara Heinemann
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$16,167
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,060,395
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,076,562
Total Program Service Revenue$0
Investment income $208,092
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,928,252
Net Income from Fundraising Events $133,538
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,346,444

Grants Recieved

Over the last fiscal year, we have identified 8 grants that North Shore Community College Foundation Inc has recieved totaling $282,359.

Awarding OrganizationAmount
$212,754
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$40,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$15,250
Eastern Bank Charitable Foundation

Lynn, MA

PURPOSE: EXEMPT PURPOSE

$10,000
Salem Five Charitable Foundation Inc

Salem, MA

PURPOSE: EXEMPT PURPOSES

$3,000
Apple Lane Foundation Inc

New York, NY

PURPOSE: FOR ORGANIZATION'S EXEMPT PURPOSES

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,313,878
Earnings$262,443
Net Contributions$164,968
Ending Balance$3,741,289

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