Form 990 for tax year 2023
Filed by BRISTOL COMMUNITY COLLEGE FOUNDATI ON INC.
Totals
- Total revenue
- $6,234,583
- Total expenses
- $2,177,840
- Contributions and grants received
- $3,436,226
- Grants paid
- $1,296,492
- Program service revenue
- $0
- Investment income
- $2,230,877
- Other revenue
- $567,480
- Total assets, end of year
- $44,240,638
- Total liabilities, end of year
- $22,110,240
- Net assets or fund balances, end of year
- $22,130,398
- Program services expenses (Part IX)
- $1,945,146
- Management and general expenses
- $133,819
- Fundraising expenses
- $98,875
- Program service expenses (Part III)
- $1,945,146
Program services were 89.3% 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
$3,436,226
-
3 · Investment income
total $435,282 · excluded $435,282
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $1,650,664
-
6b · Less rental expenses
real property $1,119,049
-
6c · Rental income or loss
real property $531,615 · personal property $0
-
6d · Net rental income or loss
total $531,615 · related or exempt $531,615
-
7a · Gross sales of assets other than inventory
securities $5,703,939
-
7b · Less cost or other basis and sales expenses
securities $3,908,344
-
7c · Gain or loss
securities $1,795,595
-
7d · Net gain or loss
total $1,795,595 · excluded $1,795,595
-
8a · Fundraising events: gross income
$79,124
-
8b · Fundraising events: direct expenses
$43,259
-
8c · Net income from fundraising events
total $35,865 · excluded $35,865
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $947,499 · program services $947,499
-
2 · Grants to domestic individuals
total $348,993 · program services $348,993
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $12,525 · management and general $12,525
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $81,812 · management and general $81,812
-
11g · Fees: other
total $2,791 · management and general $2,791
-
12 · Advertising and promotion
total $41,260 · management and general $2,220 · fundraising $39,040
-
13 · Office expenses
total $83,420 · management and general $27,059 · fundraising $56,361
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $3,474 · fundraising $3,474
-
20 · Interest
total $128,183 · program services $128,183
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $361,528 · program services $361,528
-
23 · Insurance
total $0
-
24a · Other expenses: REAL ESTATE TAXES
total $111,396 · program services $111,396
-
24b · Other expenses: FACILITY EQUIPMENT AND MAINT.
total $47,547 · program services $47,547
-
24c · Other expenses: FEES
total $4,631 · management and general $4,631
-
24d · Other expenses: MISCELLANEOUS
total $2,781 · management and general $2,781
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,633,192 · end of year $3,017,647
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $625,100 · end of year $525,247
-
4 · Accounts receivable
beginning of year $2,525,864 · end of year $37,474
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $12,431 · end of year $6,439
-
10a · Land, buildings and equipment: cost or other basis
$22,286,129
-
10b · Land, buildings and equipment: accumulated depreciation
$3,097,241
-
10c · Land, buildings and equipment, net
beginning of year $17,123,581 · end of year $19,188,888
-
11 · Investments: publicly traded securities
beginning of year $13,793,681 · end of year $16,482,361
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $5,759,319 · end of year $4,982,582
-
17 · Accounts payable and accrued expenses
beginning of year $15,463,834 · end of year $15,082,419
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $95,326 · end of year $86,456
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $7,139,547 · end of year $6,167,341
-
25 · Other liabilities
beginning of year $700,806 · end of year $774,024
-
27 · Net assets without donor restrictions
beginning of year $4,138,694 · end of year $4,328,420
-
28 · Net assets with donor restrictions
beginning of year $13,934,961 · end of year $17,801,978
Mission and programs · 2023
Mission
THE MISSION OF THE BRISTOL COMMUNITY COLLEGE FOUNDATION IS TO OBTAIN FINANCIAL SUPPORT TO ENHANCE THE ABILITY OF BRISTOL COMMUNITY COLLEGE TO MEET THE LIFELONG EDUCATION NEEDS OF THE GROWING AND CHANGING COMMUNITIES IT SERVES.
Activities or mission (Part I)
SEE SCHEDULE O
-
COLLEGE GRANTS: THE GRANTS AWARDED ARE REQUESTED BY FACULTY AND STAFF TO FUND SPECIAL PROGRAMS, SPEAKERS, PROFESSIONAL CONFERENCES AND EQUIPMENT THAT CAN NO LONGER BE FUNDED THROUGH THE COLLEGE OPERATING BUDGET.
Expenses $947,499 · Grants $947,499
-
TO PROVIDE FINANCIAL ASSISTANCE AND AWARDS TO QUALIFIED STUDENTS.
Expenses $348,993 · Grants $348,993
-
OTHER PROGRAM
Expenses $648,654
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Judi Urquhart
Chief Development Officer
- Total calculated
- $148,757
- From this org
- $148,757
- From related orgs
- $0
- Other
- $0
- Hours/week
- 37.5
-
Frank B Sousa III
President
- Total calculated
- $0
- Hours/week
- 1
-
Nicholas M Christ
Vice President of Board Develo
- Total calculated
- $0
- Hours/week
- 1
-
Kathy MacLean
Vice President of Fundraising
- Total calculated
- $0
- Hours/week
- 1
-
Elliot Rosenfield CPA
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Richard Terry
Assistant Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Brian Hodess
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Liz Isherwood
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
William Kiley
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
John McMahon
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Patrick J Murray Jr
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Thomas P Murray CPA
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Gregory F O'Donnell
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Benita Rose-Monteiro
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Diane L Silvia RN
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Donald J Smyth
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Clayton Timas
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Luke P Travis Esq
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Donald Troppoli
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Richard B Wolfson
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Laura L Douglas PhD
board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Cynthia G Flanagan
board Member
- Total calculated
- $0
- Hours/week
- 0.5
-
Joan M Medeiros
Board Member
- Total calculated
- $0
- Hours/week
- 0.5
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
-
BRISTOL COMMUNITY COLLEGE - COMPONE
$554,440
Faculty and Staff Program Funding and Department Grants and Annual Disbursement to the College approved by the Foundation Board of Directors.
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.
-
BRISTOL COMMUNITY COLLEGE- COMPONENT UNI
115 · EDUCATION - A · MA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v6.0
- Source object
- 202531349349311628
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