Form 990 for tax year 2022
Filed by HOUSATONIC COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $1,501,468
- Total expenses
- $1,310,912
- Contributions and grants received
- $1,329,535
- Grants paid
- $960,030
- Program service revenue
- $0
- Investment income
- $168,957
- Other revenue
- $2,976
- Total assets, end of year
- $3,367,889
- Total liabilities, end of year
- $364,206
- Net assets or fund balances, end of year
- $3,003,683
- Program services expenses (Part IX)
- $1,078,198
- Management and general expenses
- $164,089
- Fundraising expenses
- $68,625
- Program service expenses (Part III)
- $1,078,198
Program services were 82.2% 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.
-
1e · Government grants (contributions)
$34,754
-
1f · All other contributions, gifts and grants
$1,294,781
-
3 · Investment income
total $76,911 · excluded $76,911
-
7a · Gross sales of assets other than inventory
securities $710,930
-
7b · Less cost or other basis and sales expenses
securities $618,884
-
7c · Gain or loss
securities $92,046
-
7d · Net gain or loss
total $92,046 · excluded $92,046
-
11a · Other revenue: OTHER INCOME
total $2,976 · excluded $2,976
-
11e · Other revenue, total
$2,976
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $960,030 · program services $960,030
-
11c · Fees: accounting
total $83,588 · management and general $83,588
-
11f · Fees: investment management
total $20,311 · management and general $20,311
-
11g · Fees: other
total $1,926 · management and general $1,926
-
12 · Advertising and promotion
total $17,389 · fundraising $17,389
-
13 · Office expenses
total $6,642 · management and general $6,642
-
14 · Information technology
total $18,693 · management and general $18,693
-
23 · Insurance
total $2,234 · management and general $2,234
-
24a · Other expenses: ALLOCATED COMPENSATION
total $126,361 · program services $48,461 · management and general $30,695 · fundraising $47,205
-
24b · Other expenses: MUSEUM EXPENSES
total $53,621 · program services $53,621
-
24c · Other expenses: HCC SUPPORT EXPENSES
total $15,923 · program services $15,923
-
24d · Other expenses: EVENT EXPENSES
total $4,031 · fundraising $4,031
-
24e · All other expenses
total $163 · program services $163
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $45,870 · end of year $143,261
-
2 · Savings and temporary cash investments
beginning of year $566,817 · end of year $100,396
-
3 · Pledges and grants receivable
beginning of year $12,254 · end of year $2,003
-
9 · Prepaid expenses and deferred charges
beginning of year $14,261 · end of year $19,630
-
11 · Investments: publicly traded securities
beginning of year $2,262,178 · end of year $3,102,599
-
17 · Accounts payable and accrued expenses
beginning of year $119,329 · end of year $364,206
-
27 · Net assets without donor restrictions
beginning of year $539,866 · end of year $677,256
-
28 · Net assets with donor restrictions
beginning of year $2,242,185 · end of year $2,326,427
Mission and programs · 2022
Mission
HCCF EXPANDS ACCESS TO QUALITY, AFFORDABLE HIGHER EDUCATION AND WORKS CLOSELY WITH THE COLLEGE TO ENHANCE THE LEARNING EXPERIENCE AND WORKFORCE DEVELOPMENT EDUCATION AND TRAINING OF STUDENTS.
Activities or mission (Part I)
THE FOUNDATION SUPPORTS STUDENTS AT HOUSATONIC THROUGH SCHOLARSHIPS, EQUITY PROGRAMS, BOOK AND EMERGENCY FUNDS, FOOD PANTRY, THE ENTREPRENEURSHIP CENTER, STEAM AND OTHER STUDENT LEARNING ENHANCEMENTS.THE FOUNDATION'S STAFF AND BOARD OF DIRECTORS REMAIN COMMITTED TO STUDENT SUCCESS AND ASSURING LEARNING OPPORTUNITIES FOR ALL ENRICHING LIVES, INVIGORATING OUR COMMUNITY AND CREATING MEANINGFUL CAREER PATHS.
-
EACH SEMESTER, THE HCC FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS PRIMARILY BASED ON THEIR FINANCIAL NEED, AS WELL AS ACADEMIC MERIT, COMMUNITY SERVICE AND CAMPUS LEADERSHIP. SCHOLARSHIPS ARE "LAST-DOLLAR" MEANING FINANCIAL AID IS APPLIED TO THE STUDENT'S ACCOUNT BEFORE HCC FOUNDATION SCHOLARSHIPS. WHERE OVER 60% OF HCC STUDENTS QUALIFY FOR FINANCIAL AID AND 95% OF STUDENTS IN THE HCC FOUNDATION SCHOLARSHIP PROGRAM MEET INTAKE GUIDELINES AND CRITERIA, THE SCHOLARSHIP PROGRAM IS A VITAL RESOURCE FOR THE HCC COMMUNITY. OVER 400 STUDENTS ARE PROVIDED SCHOLARSHIPS AND EMERGENCY FUND ASSISTANCE AWARDS ANNUALLY.
Expenses $513,475 · Grants $464,026
-
THE HCC FOUNDATION WORKS TO ACHIEVE IT GOAL OF INCREASING ACCESS AND RETENTION FOR PRIMARILY MARGINALIZED STUDENTS THROUGH ITS EQUITY PROGRAMS. THE PROGRAMS ARE COHORT BASED AND USE A COACHING MODEL AND WRAP-AROUND SUPPORTS. COHORTS INCLUDE STUDENTS WHO IDENTIFY AS FEMALE, STUDENT WHO IDENTIFY AS MALE, AND STUDENTS WHO ARE FORMERLY INCARCERATED. CUMULITAVELY, THE EQUITY PROGRAMS SERVICE 150 STUDENTS ANNUALLY. MANY OF ITS WORKSHOPS ARE ALSO OPEN TO THE GENERAL POPULATION OF STUDENTS.
Expenses $511,927 · Grants $496,004
-
THE HOUSATONIC MUSEUM OF ART (HMA) IS HOME TO ONE OF THE PREMIER COLLEGE ART COLLECTIONS IN THE UNITED STATES. ITS COLLECTION OFFERS STUDENTS AND THE COMMUNITY ALIKE THE OPPORTUNITY TO VIEW WORKS THAT SPAN THE HISTORY OF ART FROM THE ANCIENT TO THE CONTEMPORARY. UNIQUE TO THE HOUSATONIC COMMUNITY COLLEGE CAMPUS, THIS PERMANENT COLLECTION IS ON CONTINUOUS DISPLAYTHROUGHOUT THE 300,000 SQUARE FOOT FACILITY, OFFERING A RARE OPPORTUNITY FOR BOTH ART ENTHUSIASTS AND CASUAL OBSERVERS TO VIEW AND INTERACT WITH THE ART ON A DAILY BASIS. THE HCC FOUNDATION IS THE FUNDRAISING PARTNER TO THE HMA.
Expenses $52,796
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Judith CorprewJUDITH CORPREW
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Laurie GilesLAURIE GILES
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jen CutraliJEN CUTRALI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Bradley HardyBRADLEY HARDY
TREASURER, THRU JUNE 2023
- Total calculated
- $0
- Hours/week
- 1
-
Enrico R CostantiniENRICO R COSTANTINI
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Liz BallLIZ BALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rina BakalarRINA BAKALAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carmen ColonCARMEN COLON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Leah DevenportLEAH DEVENPORT
DIRECTOR, THRU MAY 2023
- Total calculated
- $0
- Hours/week
- 1
-
David FemiDAVID FEMI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark FloramoMARK FLORAMO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marilyn FordMARILYN FORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lindy Lee GoldLINDY LEE GOLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrea JonesANDREA JONES
DIRECTOR, THRU MARCH 2023
- Total calculated
- $0
- Hours/week
- 1
-
Valerie KingVALERIE KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ben Maini CPABEN MAINI CPA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Willie McBride JrWILLIE MCBRIDE JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt McCarthy CPAMATT MCCARTHY CPA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ramon PeraltaRAMON PERALTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher RalloCHRISTOPHER RALLO
DIRECTOR, THRU JUNE 2023
- Total calculated
- $0
- Hours/week
- 1
-
Jackie StarksJACKIE STARKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Doug WadeDOUG WADE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristy JelenikKRISTY JELENIK
EXECUTIVE DIRECTOR
- Total calculated
- $198,431
- From this org
- $145,242
- From related orgs
- $0
- Other
- $53,189
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $144,591
- Bonus
- $0
- Other
- $651
- Deferred
- $21,570
- Nontaxable benefits
- $31,619
- Filer's total
- $198,431
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)
- PART I, LINE 3
- THE EXECUTIVE DIRECTOR OF THE HCC FOUNDATION IS A STATE EMPLOYEE IS PAID BY THE HOUSATONIC COMMUNITY COLLEGE. A PERCENTAGE OF HER SALARY IS REIMBURSED BY THE HCC FOUNDATION ANNUALLY. THE PAY RATE WAS DETERMINED BY HOUSATONIC COMMUNITY COLLEGE AND AN AGREEMENT WAS FORMED WITH THE FOUNDATION TO REIMBURSE FOR A PERCENTAGE. THE COLLEGE HAS A FORMAL PROCESS FOR THE EXECUTIVE DIRECTOR'S COMPENSATION REVIEW.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421149349301512
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.