Form 990 for tax year 2024
Filed by MOUNT WACHUSETT COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $1,238,785
- Total expenses
- $772,472
- Contributions and grants received
- $1,061,733
- Grants paid
- $666,989
- Program service revenue
- $0
- Investment income
- $69,658
- Other revenue
- $107,394
- Total assets, end of year
- $11,992,617
- Total liabilities, end of year
- $99,227
- Net assets or fund balances, end of year
- $11,893,390
- Program services expenses (Part IX)
- $666,989
- Management and general expenses
- $72,563
- Fundraising expenses
- $32,920
- Program service expenses (Part III)
- $666,989
Program services were 86.3% 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.
-
1e · Government grants (contributions)
$279,691
-
1f · All other contributions, gifts and grants
$782,042
-
3 · Investment income
total $69,658 · excluded $69,658
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $152,199
-
6b · Less rental expenses
real property $44,805
-
6c · Rental income or loss
real property $107,394 · personal property $0
-
6d · Net rental income or loss
total $107,394 · related or exempt $107,394
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
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 $423,141 · program services $423,141
-
2 · Grants to domestic individuals
total $243,848 · program services $243,848
-
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 $65,792 · management and general $32,872 · fundraising $32,920
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $17,500 · management and general $17,500
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $243 · management and general $243
-
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 $526 · management and general $526
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $3,546 · management and general $3,546
-
24a · Other expenses: LICENSING
total $12,164 · management and general $12,164
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $4,470 · management and general $4,470
-
24c · Other expenses: ANNUAL REPORT
total $530 · management and general $530
-
24d · Other expenses: MISCELLANEOUS EXPENSES
total $712 · management and general $712
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $312,526 · end of year $594,392
-
2 · Savings and temporary cash investments
beginning of year $626,294 · end of year $7,352
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
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 $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,429,241
-
10b · Land, buildings and equipment: accumulated depreciation
$83,190
-
10c · Land, buildings and equipment, net
beginning of year $1,246,084 · end of year $1,346,051
-
11 · Investments: publicly traded securities
beginning of year $301,028 · end of year $1,311,505
-
12 · Investments: other securities
beginning of year $5,834,666 · end of year $6,298,889
-
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 $2,295,303 · end of year $2,434,428
-
17 · Accounts payable and accrued expenses
beginning of year $163,049 · end of year $99,227
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $50,000 · end of year $0
-
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 $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $4,730,993 · end of year $5,381,581
-
28 · Net assets with donor restrictions
beginning of year $5,671,859 · end of year $6,511,809
Mission and programs · 2024
Mission
TO SECURE TIME, TALENT, AND TREASURE FROM PRIVATE AND PUBLIC SOURCES THAT WILL ENABLE THE COLLEGE TO PROVIDE ACCESSIBLE, AFFORDABLE EDUCATION, AND TO IMPLEMENT, SOCIAL, ECONOMICAL AND CULTURAL INITIATIVES.
Activities or mission (Part I)
AWARDING OF GRANTS AND SCHOLARSHIPS.
-
FOSTERING AND PROMOTING EXCELLENCE IN EDUCATION AND RESEARCH THROUGH GRANTS AND ASSISTING IN THE GROWTH AND IMPROVEMENT OF THE COLLEGE.
Expenses $423,141 · Grants $423,141
-
TO PROVIDE FINANCIAL ASSISTANCE THROUGH SCHOLARSHIPS AND AWARDS TO QUALIFIED STUDENTS.
Expenses $243,848 · Grants $243,848
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Carla ZottoliCARLA ZOTTOLI
EXECUTIVE DIRECTOR
- Total calculated
- $146,595
- From this org
- $0
- From related orgs
- $135,197
- Other
- $11,398
- Hours/week
- 9 + 37.5 related
-
Nicholas CochraneNICHOLAS COCHRANE
DIRECTOR
- Total calculated
- $137,520
- From this org
- $0
- From related orgs
- $129,039
- Other
- $8,481
- Hours/week
- 1 + 37.5 related
-
Jeanie ConnollyJEANIE CONNOLLY
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Scot BarrettSCOT BARRETT
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Keith BoissineauKEITH BOISSINEAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrew ColametaANDREW COLAMETA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Martin F Connors JrMARTIN F CONNORS JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Walter J Dwyer IVWALTER J DWYER IV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph N ForkeyJOSEPH N FORKEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melissa GlennyMELISSA GLENNY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Raymond F LafondRAYMOND F LAFOND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Raymond J MartinoRAYMOND J MARTINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roy NascimentoROY NASCIMENTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cheryl K SerpeCHERYL K SERPE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marc SuretteMARC SURETTE
DIRECTOR
- 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.
Grants on this return
-
MOUNT WACHUSETT COMMUNITY COLLEGE
$423,141
SUPPORT
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.
-
Mount Wachusett Community College
115 · Community col · MA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2025
- IRS schema version
- 2024v5.2
- Source object
- 202611149349300131
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