Bunker Hill Community College Foundation Inc
- Assets
- $9.8m
- Revenue
- $3.1m
- Investments
- $4.0m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/1987
- Data as of
- 06/2022
- EIN
- 22-2757389
Organization Overview
Bunker Hill Community College Foundation Inc is located in Boston, MA. The organization was established in 1987. 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. Bunker Hill 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, Bunker Hill Community College Foundation Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 22.7% 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
TO PROVIDE ASSISTANCE TO BUNKER HILL COMMUNITY COLLEGE AND ITS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ASSISTANCE TO STUDENTS EXPERIENCING UNEXPECTED EDUCATION RELATED FINANCIAL EXPENSES.
PROVIDED FUNDS TO BUNKER HILL COMMUNITY COLLEGE FOR STUDENT SCHOLARSHIPS.
DIRECT SUPPORT OF BUNKER HILL COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James W Murphy President | OfficerTrustee | 3 | $0 |
Elizabeth Tarricone Vice President | OfficerTrustee | 1.5 | $0 |
Trinh Nguyen Treasurer | OfficerTrustee | 1 | $0 |
Anne Hyde ESQ Clerk | OfficerTrustee | 0.5 | $0 |
Marilyn Kuhar Executive Director | Officer | 9.37 | $0 |
Pam Y Eddinger PHD Director And College Pres. | Trustee | 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 | $2,592,338 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,592,338 |
| Total Program Service Revenue | $0 |
| Investment income | $214,276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $285,140 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,091,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,106,384 |
| Grants and other assistance to domestic individuals. | $851,539 |
| 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 | $19,403 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,860 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $88 |
| Information technology | $5,311 |
| 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 | $363 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,078 |
| All other expenses | $19,529 |
| Total functional expenses | $2,033,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $767,153 |
| Savings and temporary cash investments | $1,576,742 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $6,698 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,503,495 |
| Investments—other securities | $3,988,896 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,842,984 |
| Accounts payable and accrued expenses | $225,031 |
| 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 | $225,031 |
| Net assets without donor restrictions | $1,200,756 |
| Net assets with donor restrictions | $8,417,197 |
| 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 | $9,842,984 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Bunker Hill Community College Foundation Inc has recieved totaling $769,032.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $250,000 |
Herb And Maxine Jacobs Foundation Inc Boston, MA PURPOSE: EXPANSION OF THE LEARN & | $200,000 |
Heather And Robert Keane Familyfoundation Inc Boston, MA PURPOSE: CHARITABLE MISSION | $150,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $145,000 |
Richard K Lubin Family Foundation Boston, MA PURPOSE: TO PROVIDE SUPPORT FOR THE NEEDS OF THE ORGANIZATION. | $10,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $10,000 |
Endowment Analysis
| Beg. Balance | $4,351,359 |
| Earnings | -$248,501 |
| Net Contributions | $712,239 |
| Other Expense | $30,607 |
| Ending Balance | $4,784,490 |
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 |