Massasoit Community College Foundation Inc

Organization Overview

Massasoit Community College Foundation Inc is located in Brockton, MA. The organization was established in 1971. 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. Massasoit 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, Massasoit Community College Foundation Inc generated $580.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $1.1m 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

ASSIST IN SERVING STUDENTS OF MASSASOIT COMMUNITY COLLEGE WHO ARE IN NEED OF FINANCIAL AID AND TO ENRICH OR ADD TO THE FACILITIES, SERVICES, OR PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FUNDS WERE PROVIDED FOR SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO NEEDY STUDENTS.


THE FOUNDATION ASSISTS THE COLLEGE IN ENCOURAGING STUDENTS TO BECOME INVOLVED WITH THE ARTS.


THE FOUNDATION PROVIDED LAND TO AID IN THE OPERATIONS OF THE COLLEGE


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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$540,330
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$540,330
Total Program Service Revenue$0
Investment income $27,215
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$24,824
Net Income from Fundraising Events $37,636
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $580,357

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Massasoit Community College Foundation Inc has recieved totaling $25,298.

Awarding OrganizationAmount
United Way Of Greater Plymouth County Inc

Brockton, MA

PURPOSE: ADDRESS TARGETED NEEDS

$15,091
Joy In Childhood Foundation Inc

Canton, MA

PURPOSE: Support Sick and Hungry Kids

$7,500
Rockland Trust Charitable Foundation

Rockland, MA

PURPOSE: PROGRAM SUPPORT

$2,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$207
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,659,740
Earnings-$119,652
Other Expense$673,891
Ending Balance$866,197

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