Form 990 for tax year 2023
Filed by HOLYOKE COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $2,388,887
- Total expenses
- $6,922,823
- Contributions and grants received
- $1,696,341
- Grants paid
- $6,161,921
- Program service revenue
- $0
- Investment income
- $524,668
- Other revenue
- $167,878
- Total assets, end of year
- $25,580,113
- Total liabilities, end of year
- $1,753,128
- Net assets or fund balances, end of year
- $23,826,985
- Program services expenses (Part IX)
- $6,772,388
- Management and general expenses
- $121,920
- Fundraising expenses
- $28,515
- Program service expenses (Part III)
- $6,772,388
Program services were 97.8% 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
$1,696,341
-
1g · Noncash contributions included above
$4,881
-
3 · Investment income
total $620,524 · related or exempt $620,524
-
6a · Gross rents
real property $494,119
-
6b · Less rental expenses
real property $326,241
-
6c · Rental income or loss
real property $167,878
-
6d · Net rental income or loss
total $167,878 · related or exempt $167,878
-
7a · Gross sales of assets other than inventory
securities $1,001,031
-
7b · Less cost or other basis and sales expenses
securities $1,096,887
-
7c · Gain or loss
securities -$95,856
-
7d · Net gain or loss
total -$95,856 · related or exempt -$95,856
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,621,859 · program services $5,621,859
-
2 · Grants to domestic individuals
total $540,062 · program services $540,062
-
11c · Fees: accounting
total $38,200 · management and general $38,200
-
11f · Fees: investment management
total $16,749 · management and general $16,749
-
13 · Office expenses
total $41,873 · program services $8,918 · management and general $4,440 · fundraising $28,515
-
14 · Information technology
total $62,531 · management and general $62,531
-
17 · Travel
total $11,601 · program services $11,601
-
19 · Conferences, conventions and meetings
total $350 · program services $350
-
22 · Depreciation, depletion and amortization
total $580,258 · program services $580,258
-
23 · Insurance
total $9,340 · program services $9,340
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $478,924 · end of year $184,856
-
3 · Pledges and grants receivable
beginning of year $6,860,284 · end of year $4,004,500
-
9 · Prepaid expenses and deferred charges
beginning of year $58,595 · end of year $49,701
-
10a · Land, buildings and equipment: cost or other basis
$6,132,444
-
10b · Land, buildings and equipment: accumulated depreciation
$3,818,689
-
10c · Land, buildings and equipment, net
beginning of year $2,894,013 · end of year $2,313,755
-
11 · Investments: publicly traded securities
beginning of year $17,086,361 · end of year $18,269,433
-
15 · Other assets
beginning of year $1,016,858 · end of year $757,868
-
17 · Accounts payable and accrued expenses
beginning of year $39,475 · end of year $360,277
-
19 · Deferred revenue
beginning of year $786,924 · end of year $611,570
-
25 · Other liabilities
beginning of year $1,032,880 · end of year $781,281
-
27 · Net assets without donor restrictions
beginning of year $3,686,390 · end of year $3,905,749
-
28 · Net assets with donor restrictions
beginning of year $22,849,366 · end of year $19,921,236
Mission and programs · 2023
Mission
SEE SCHEDULE OTHE HOLYOKE COMMUNITY COLLEGE (HCC) FOUNDATION EXISTS TO SUPPORT AND PROMOTE THE MISSION OF HOLYOKE COMMUNITY COLLEGE. THE PURPOSE OF THE FOUNDATION IS TO SECURE, INVEST AND STEWARD FINANCIAL AND OTHER RESOURCES TO ENHANCE THE QUALITY OF EDUCATION AND EXPAND EDUCATIONAL OPPORTUNITIES FOR HOLYOKE COMMUNITY COLLEGE STUDENTS. AS A CHARITABLE CORPORATION ORGANIZED UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS, THE HCC FOUNDATION IS FISCALLY AND LEGALLY SEPARATE FROM THE COLLEGE AND PROVIDES A PERPETUAL TRUSTEESHIP FOR FUNDS DONATED BY INDIVIDUALS AND ORGANIZATIONS TO SUPPORT PROGRAMS AND ACTIVITIES THAT BENEFIT THE COLLEGE AND ITS STUDENTS. THE HCC FOUNDATION BOARD OF DIRECTORS IS GUIDED BY THE FOLLOWING PRINCIPLES EQUALLY: STUDENT SUCCESS, RELATIONSHIPS, EXCELLENCE AND INNOVATION, STEWARDSHIP, AND DIVERSITY AND RESPECT. IN SHORT, THE HCC FOUNDATION MISSION IS: "SUPPORT. INVEST. MAKE POSSIBLE."
Activities or mission (Part I)
TO PROVIDE SUPPORT FOR PROGRAMS AND ACTIVITIES WHICH ENHANCE THE QUALITY OF EDUCATION AND EXPAND THE EDUCATIONAL OPPORTUNITIES FOR STUDENTS AT HOLYOKE COMMUNITY COLLEGE.
-
SEE SCHEDULE OTHE HOLYOKE COMMUNITY COLLEGE (HCC) FOUNDATION PROVIDES SUPPORT TO THE COLLEGE IN THREE BROAD AREAS: SCHOLARSHIP SUPPORT FROM ENDOWED SCHOLARSHIP FUNDS; EMERGENCY SUPPORT FOR STUDENTS FACING UNFORESEEN EMERGENCIES; AND DIRECT SUPPORT OF THE COLLEGE'S PROGRAMS, FACILITIES, AND STRATEGIC PRIORITIES. MORE THAN $350,000 WAS AWARDED IN ENDOWED SCHOLARSHIP SUPPORT DESERVING STUDENTS FOR THE YEAR ENDED JUNE 30, 2024. IN ADDITION, THE HCC FOUNDATION PROVIDED FINANCIAL SUPPORT FOR THE RENOVATION OF THE MARIEB CENTER FOR LIFE SCIENCES, THE THRIVE CENTER AND FOOD PANTRY, THE BARTLEY CENTER FOR ATHLETICS AND RECREATION, ITSY BITSY CHILD WATCH, THE MARIEB ADULT LEARNER SUCCESS CENTER, THE LESLIE PHILLIPS THEATER, THE BIOLOGY DEPARTMENT, THE LIBRARY, AND MORE. NEARLY $50,000 WAS ALSO PROVIDED TO STUDENTS THROUGH THE PRESIDENT'S STUDENT EMERGENCY FUND TO HELP STUDENTS OVERCOME UNEXPECTED EMERGENCIES. EVENTS HOSTED BY THE HCC FOUNDATION PRIORITIZE DONOR ENGAGEMENT AND MEANINGFUL GRATITUDE FOR THE IMPACT OF DONOR SUPPORT AND THEIR ONGOING COMMITMENT TO OUR MISSION.
Expenses $6,772,388 · Grants $6,161,921 · Revenue $692,546
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Susan GoldsmithSUSAN GOLDSMITH
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Lynn StarrLYNN STARR
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Tiffany MadruTIFFANY MADRU
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Deana L McPhersonDEANA L MCPHERSON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Michael RoundyMICHAEL ROUNDY
VICE TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Jasarah BurgosJASARAH BURGOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steven ClementSTEVEN CLEMENT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kate DouglasKATE DOUGLAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Luindy EspinalLUINDY ESPINAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kip FoleyKIP FOLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Wendy FoxWENDY FOX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dean GallagherDEAN GALLAGHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joshua GarciaJOSHUA GARCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Erin GodfreyERIN GODFREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Maura GreaneyMAURA GREANEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ted HebertTED HEBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sina HollomanSINA HOLLOMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mary KaedingMARY KAEDING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael LynchMICHAEL LYNCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Alaina MacAulayALAINA MACAULAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Johnnie McKnightJOHNNIE MCKNIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matt McMahonMATT MCMAHON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Corey MurphyCOREY MURPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Evan PlotkinEVAN PLOTKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ryan RegeRYAN REGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Israel RiveraISRAEL RIVERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gary RomeGARY ROME
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Amanda SbrisciaAMANDA SBRISCIA
DIRECTOR
- Total calculated
- $143,519
- From this org
- $0
- From related orgs
- $143,519
- Other
- $0
- Hours/week
- 2
-
Jim ShevlinJIM SHEVLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Camille TheriaqueCAMILLE THERIAQUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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.
Grants on this return
-
HOLYOKE COMMUNITY COLLEGE
$0
DIRECT SUPPORT OF THE 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.
-
HOLYOKE COMMUNITY COLLEGE
EDUCATION · MA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433129349302653
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