Springfield Technical Community College Foundation Inc

Organization Overview

Springfield Technical Community College Foundation Inc is located in Springfield, MA. The organization was established in 1985. 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. Springfield Technical 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, Springfield Technical Community College Foundation Inc generated $8.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (49.2%) each year. All expenses for the organization totaled $506.7k during the year ending 06/2022. 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

FUNDS OF THE FOUNDATION ARE USED TO PROVIDE STUDENT SUPPORT AND SCHOLARSHIPS, INSTRUCTIONAL INFRASTRUCTURE AND TECHNOLOGY, AND COLLEGE AND COMMUNITY PROGRAMS TO MEET THE REGION'S WORKFORCE AND ECONOMIC DEVELOPEMENT NEEDS.


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Board, Officers & Key Employees

Name (title)Compensation
Jacqueline Johnson
Vice President
$0
Phil B Goncalves
Treasurer
$0
Jennifer Brown
President
$0
Dr John B Cook
Secretary/college President
$0
Carlos Colondres
Director
$0
Qunnell Arnold
Director
$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$235,034
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$235,034
Total Program Service Revenue$0
Investment income $11,633
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $16,632
Net Gain/Loss on Asset Sales -$254,873
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,426

Grants Awarded

Over the last fiscal year, Springfield Technical Community College Foundation Inc has awarded $1,155,442 in support to 3 organizations.

Grant RecipientAmount

SPRINGFIELD TECHNICAL COMMUNITY COLLEGE

PURPOSE: TO PROVIDE ACADEMIC SUPPORT AND OTHER ACTIVITIES AT STCC.

$1,126,240

HOLYOKE COMMUNITY COLLEGE

PURPOSE: TO CREATE A SCHOLARSHIP FUND FOR MCCTI STUDENTS

$24,202

PARTNERS FOR A HEALTHIER COMMUNITY

Org PageRecipient Profile

Springfield, MA

PURPOSE: FARMERTS MARKET CROP LEVEL SPONSORSHIP

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Springfield Technical Community College Foundation Inc has recieved totaling $87,030.

Awarding OrganizationAmount
Community Foundation Of Western Massachusetts

Springfield, MA

PURPOSE: EDUCATION

$75,000
Elizabeth Smith Tr Uw 1 16530 03

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$12,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$30
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,168,987
Earnings-$97,590
Net Contributions$2,012
Grants$20,200
Ending Balance$1,379,439

Peer Organizations

Organization NameAssets
Dean College
Franklin, MA
$77,417,313
Becker College
Worcester, MA
$64,626,574
Landmark College Inc
Putney, VT
$38,969,151
Mitchell College
New London, CT
$31,379,437
Hilbert College
Hamburg, NY
$25,027,344
Trocaire College
Buffalo, NY
$27,715,968
Laboure College
Milton, MA
$27,640,427
Maria College
Albany, NY
$17,053,225
Villa Maria College Of Buffalo
Buffalo, NY
$15,072,401
Monroe Community College Assn Inc
Rochester, NY
$9,260,852
Faculty Student Association Of Hudson Valley-Community College
Troy, NY
$4,749,556
Dutchess Community College Association Inc
Poughkeepsie, NY
$3,364,848

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