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Nonprofiteer
← NORTH SHORE COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by NORTH SHORE COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$2,871,168
Total expenses
$1,155,216
Contributions and grants received
$2,539,508
Grants paid
$1,016,896
Program service revenue
$0
Investment income
$269,858
Other revenue
$61,802
Total assets, end of year
$13,803,921
Total liabilities, end of year
$193,622
Net assets or fund balances, end of year
$13,610,299
Program services expenses (Part IX)
$1,016,896
Management and general expenses
$100,013
Fundraising expenses
$38,307
Program service expenses (Part III)
$1,016,896

Program services were 88.0% 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.

  • 1f · All other contributions, gifts and grants

    $2,539,508

  • 3 · Investment income

    total $258,493 · excluded $258,493

  • 7a · Gross sales of assets other than inventory

    securities $2,127,144

  • 7b · Less cost or other basis and sales expenses

    securities $2,115,779

  • 7c · Gain or loss

    securities $11,365

  • 7d · Net gain or loss

    total $11,365 · excluded $11,365

  • 8a · Fundraising events: gross income

    $114,639

  • 8b · Fundraising events: direct expenses

    $52,837

  • 8c · Net income from fundraising events

    total $61,802 · excluded $61,802

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $674,877 · program services $674,877

  • 2 · Grants to domestic individuals

    total $342,019 · program services $342,019

  • 11c · Fees: accounting

    total $16,536 · management and general $16,536

  • 11f · Fees: investment management

    total $58,873 · management and general $58,873

  • 11g · Fees: other

    total $26,192 · fundraising $26,192

  • 13 · Office expenses

    total $6,491 · management and general $6,491

  • 19 · Conferences, conventions and meetings

    total $13,677 · management and general $1,562 · fundraising $12,115

  • 23 · Insurance

    total $4,811 · management and general $4,811

  • 24a · Other expenses: SUBSCRIPTIONS

    total $11,740 · management and general $11,740

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $626,656 · end of year $1,588,551

  • 2 · Savings and temporary cash investments

    beginning of year $674,370 · end of year $616,764

  • 3 · Pledges and grants receivable

    beginning of year $38,162 · end of year $528,521

  • 11 · Investments: publicly traded securities

    beginning of year $9,736,182 · end of year $11,070,085

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,116 · end of year $44,998

  • 21 · Escrow or custodial account liability

    beginning of year $159,205 · end of year $148,624

  • 27 · Net assets without donor restrictions

    beginning of year $1,032,128 · end of year $956,515

  • 28 · Net assets with donor restrictions

    beginning of year $9,866,921 · end of year $12,653,784

Mission and programs · 2022

Mission

SEE SCHEDULE O.

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

    Expenses $674,877 · Grants $674,877

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $342,019 · Grants $342,019

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • John Fouhy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Laura Kurzrok

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lyn Kaplan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Tucker McDonald

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mary Sarris

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Bruce Daniels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom D'Arcangelo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Heineman

    PRESIDENT OF NSCC

    Total calculated
    $291,477
    From this org
    $0
    From related orgs
    $219,475
    Other
    $72,002
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,475 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $39,475 related
    Nontaxable benefits
    $0 + $32,527 related
    Filer's total
    $0 + $291,477 related

  • Barbara Heinemann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Henry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Hunter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Mack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Mason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Riley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shari Sagan McGuirk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Vesey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Yagjian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Horrocks

    PRESIDENT (RETIRED DEC. 2022)

    Total calculated
    $0
    Hours/week
    1

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

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

  • NORTH SHORE COMMUNITY COLLEGE

    $674,877

    TO PROVIDE ACADEMIC SUPPORT AND OTHER ACTIVITIES AT NORTH SHORE COMMUNITY COLLEGE.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • NORTH SHORE COMMUNITY COLLEGE

    115 · HIGHER EDUCATION · MA

Provenance

Return type
form_990
Tax year
2022
Filed
21 December 2023
IRS schema version
2022v5.0
Source object
202333559349300723

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