MASSACHUSETTS COLLEGE OF LIBERAL ARTS FOUNDATION INC

EIN: 042613803 501(c)(3) Education

NORTH ADAMS, MA

Total Revenue
$5,110,702
Total Expenses
$2,465,627
Total Assets
$28,574,769
Net Assets
$26,687,776
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MA
Principal Officer
ROBERT P ZIOMEK
Phone
4136625221
Tax Period
2023-07-01 to 2024-06-30

MASSACHUSETTS COLLEGE OF LIBERAL ARTS FOUNDATION INC, founded in 1977, is a community nonprofit in the Education sector that reported $5.1M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 52% operating margin.

Mission

MASSACHUSETTS COLLEGE OF LIBERAL ARTS FOUNDATION, INC. IS A PRIVATE NON-PROFIT ORGANIZATION DEDICATED TO THE GROWTH, DEVELOPMENT AND SUPPORT OF MASSACHUSETTS COLLEGE OF LIBERAL ARTS AND ITS FACULTY, STAFF AND STUDENTS, WITH SPECIAL EMPHASIS ON ACADEMIC QUALITY AND THE ASSURANCE OF THE ACCESS TO HIGHER EDUCATION THROUGH THE RECEIPT, PROFESSIONAL MANAGEMENT, AND PRUDENT DISBURSEMENT OF FUNDS AND OTHER CHARITABLE CONTRIBUTIONS SECURED THROUGH PRIVATE SOURCES AND GRANT FUNDING.

Program Service Accomplishments

Program 1
Expenses: $2,071,871

TO PROMOTE AND SUPPORT THE EDUCATIONAL AND OTHER LEGAL ACTIVITIES OF MASSACHUSETTS COLLEGE OF LIBERAL ARTS AND TO RENDER FINANCIAL AID TO STUDENTS AT MCLA THROUGH CONTRIBUTIONS FROM THE COMMUNITY...

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TO PROMOTE AND SUPPORT THE EDUCATIONAL AND OTHER LEGAL ACTIVITIES OF MASSACHUSETTS COLLEGE OF LIBERAL ARTS AND TO RENDER FINANCIAL AID TO STUDENTS AT MCLA THROUGH CONTRIBUTIONS FROM THE COMMUNITY, ALUMNI, AND PARENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,991,452
Program Service Revenue $0
Investment Income $2,185,636
Other Revenue $-66,386
TOTAL REVENUE $5,110,702

Expense Breakdown

Grants Paid $1,834,650
Salaries & Benefits $0
Fundraising Expenses $265,634
Program Expenses $2,071,871
Other Expenses $445,727
TOTAL EXPENSES $2,465,627

Year-over-Year Comparison

2023 2022 Change
Revenue $5,110,702 $4,146,067 +0.2%
Expenses $2,465,627 $1,884,151 +0.3%
Net Income $2,645,075 $2,261,916 +0.2%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
20
Employees
N/A
Volunteers
126

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$167,891
Total Directors
21
$167,891
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Ziomek PRESIDENT 10.0
Officer Director
$0 $7,814 $167,891
TIMOTHY CHERUBINI vice chair 1.0
Officer Director
$0 $0 $0
Jason Dohaney Chair 1.0
Officer Director
$0 $0 $0
Amy Smith Clerk 1.0
Officer Director
$0 $0 $0
Jamie Ellen Moncecchi Treasurer 1.0
Officer Director
$0 $0 $0
Wende Carver Director 0.5
Director
$0 $0 $0
Buffy Lord Director 0.5
Director
$0 $0 $0
Tara Barboza Director 0.5
Director
$0 $0 $0
Kimberly Boyden-Briones Director 0.5
Director
$0 $0 $0
JULIE ARNOLD director 0.5
Director
$0 $0 $0
Dr Jean Clarke-Mitchell Director 0.5
Director
$0 $0 $0
Bernie Pinsonnault Director 0.5
Director
$0 $0 $0
Dr Frances Jones-Sneed Director 0.5
Director
$0 $0 $0
Mary Nash Director 0.5
Director
$0 $0 $0
Molly O'Meara Sheehan Director 0.5
Director
$0 $0 $0
Denise Richardello Director 0.5
Director
$0 $0 $0
Chrystina Geagan Parks Director 0.5
Director
$0 $0 $0
Colleen P Taylor Director 0.5
Director
$0 $0 $0
Judith M Wilkinson Director 0.5
Director
$0 $0 $0
MICHAEL AVIS DIRECTOR 0.5
Director
$0 $0 $0
Crystal Wojick DIRECTOR 0.5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $5,110,702 $2,465,627 $28,574,769 $2,645,075
2023 $4,146,067 $1,884,151 $26,146,972 $2,261,916
2022 $3,574,525 $1,859,438 $23,042,592 $1,715,087
2021 $1,936,331 $1,638,362 $23,633,180 $297,969
2020 $2,526,526 $1,691,596 $20,621,390 $834,930
2019 $2,115,548 $1,597,829 $19,512,493 $517,719
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