Form 990 for tax year 2022
Filed by GREENFIELD COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $1,496,400
- Total expenses
- $1,357,546
- Contributions and grants received
- $1,273,315
- Grants paid
- $1,217,610
- Program service revenue
- $2,230
- Investment income
- $193,768
- Other revenue
- $27,087
- Total assets, end of year
- $9,170,181
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $9,170,181
- Program services expenses (Part IX)
- $1,222,422
- Management and general expenses
- $124,436
- Fundraising expenses
- $10,688
- Program service expenses (Part III)
- $1,222,422
Program services were 90.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$48,289
-
1e · Government grants (contributions)
$217,851
-
1f · All other contributions, gifts and grants
$1,007,175
-
1g · Noncash contributions included above
$7,189
-
2a · Program service revenue: ANNUAL MEETING
total $2,230 · related or exempt $2,230
-
3 · Investment income
total $198,076 · excluded $198,076
-
6a · Gross rents
real property $31,338
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $31,338
-
6d · Net rental income or loss
total $31,338 · related or exempt $31,338
-
7a · Gross sales of assets other than inventory
securities $61,069 · other assets $663,710
-
7b · Less cost or other basis and sales expenses
securities $54,480 · other assets $674,607
-
7c · Gain or loss
securities $6,589 · other assets -$10,897
-
7d · Net gain or loss
total -$4,308 · excluded -$4,308
-
8a · Fundraising events: gross income
$13,328
-
8a · Fundraising events: contributions included on line 1c
$48,289
-
8b · Fundraising events: direct expenses
$17,579
-
8c · Net income from fundraising events
total -$4,251 · excluded -$4,251
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $861,647 · program services $861,647
-
2 · Grants to domestic individuals
total $355,963 · program services $355,963
-
11b · Fees: legal
total $250 · management and general $250
-
11c · Fees: accounting
total $19,500 · management and general $19,500
-
11f · Fees: investment management
total $5,885 · management and general $5,885
-
14 · Information technology
total $21,166 · management and general $21,166
-
16 · Occupancy
total $49,477 · management and general $49,477
-
19 · Conferences, conventions and meetings
total $4,410 · management and general $4,410
-
23 · Insurance
total $4,408 · management and general $4,408
-
24a · Other expenses: PUBLICATIONS
total $11,349 · management and general $11,349
-
24b · Other expenses: FUNDRAISING EXPENSES
total $10,688 · fundraising $10,688
-
24c · Other expenses: PROGRAM SUPPORT EQUIPME
total $4,812 · program services $4,812
-
24d · Other expenses: CREDIT CARD & PAY PAL F
total $4,120 · management and general $4,120
-
24e · All other expenses
total $3,871 · management and general $3,871
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,255,971 · end of year $1,069,977
-
3 · Pledges and grants receivable
beginning of year $255,000 · end of year $254,500
-
4 · Accounts receivable
beginning of year $4,555 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $25,395 · end of year $1,950
-
10a · Land, buildings and equipment: cost or other basis
$81,169
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $721,675 · end of year $81,169
-
11 · Investments: publicly traded securities
beginning of year $6,516,494 · end of year $7,762,585
-
17 · Accounts payable and accrued expenses
beginning of year $23,077 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,917,343 · end of year $3,088,470
-
28 · Net assets with donor restrictions
beginning of year $5,838,670 · end of year $6,081,711
Mission and programs · 2022
Mission
GREENFIELD COMMUNITY COLLEGE FOUNDATION SUPPORTS GREENFIELD COMMUNITY COLLEGE (HEREAFTER REFERRED TO AS THE COLLEGE) BY RAISING FUNDS, DEVELOPING RESOURCES AND BUILDING PHILANTHROPIC AND COMMUNITY RELATIONSHIPS TO ENHANCE PROGRAMS AND INITIATIVES THAT CREATE OPPORTUNITIES FOR STUDENTS, FACULTY AND STAFF AND ADVANCE THE COLLEGE'S MISSION AND REPUTATION IN THE LOCAL AND GLOBAL COMMUNITY.
Activities or mission (Part I)
EDUCATIONAL ENDOWMENT FUND SUPPORTING GREENFIELD COMMUNITY COLLEGE AND ITS STUDENTS.
-
AWARD SCHOLARSHIPS TO GREENFIELD COMMUNITY COLLEGE STUDENTS AND SUPPORT THE ACTIVITIES AND PROGRAMS OF THE GREENFIELD COMMUNITY COLLEGE.
Expenses $1,222,422 · Grants $1,217,610 · Revenue $2,230
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mitch AnthonyMITCH ANTHONY
PRESIDENT (END 11/17/22)
- Total calculated
- $0
- Hours/week
- 4
-
Caroline GearCAROLINE GEAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Kathryn SissonKATHRYN SISSON
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Deborah BerryereDEBORAH BERRYERE
DIRECTOR; PRESIDENT AS OF 11/17/22
- Total calculated
- $0
- Hours/week
- 4
-
Lori GroverLORI GROVER
DIRECTOR; SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Ann BarkerANN BARKER
DIRECTOR; VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Savitri RambissoonSAVITRI RAMBISSOON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Jacqueline ZuzgoJACQUELINE ZUZGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Nicole GormanNICOLE GORMAN
DIRECTOR (START 11/17/22)
- Total calculated
- $0
- Hours/week
- 4
-
Shardool ParmarSHARDOOL PARMAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Kristi BodinKRISTI BODIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Alexis Page Comp From Unrelated OrgALEXIS PAGE COMP FROM UNRELATED ORG
EXEC DIRECTOR
- Total calculated
- $188,137
- From this org
- $133,100
- From related orgs
- $0
- Other
- $55,037
- Hours/week
- 10
Schedule J breakdown matched by us
- Base
- $133,100
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $55,037
- Filer's total
- $188,137
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- FORM 990, PART VII, SECTION A, LINE 5 AND SCHEDULE J, PART II
- ALEXIS PAGE IS THE EXECUTIVE DIRECTOR OF RESOURCE DEVELOPMENT AT THE FOUNDATION AND AT GREENFIELD COMMUNITY COLLEGE, AN UNRELATED ORGANIZATION. TOTAL COMPENSATION PAID BY GREENFIELD COMMUNITY COLLEGE FOR SERVICES RENDERED TO BOTH ORGANIZATIONS: $133,100 SALARY.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
GREENFIELD COMMUNITY COLLEGE
$861,647
SUPPORT COLLEGE PROGRAMS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410299349301746
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