Massachusetts Bay Community College Foundation Inc

EIN: 222581930 501(c)(3) Education

Wellesley HILLS, MA

Total Revenue
$1,256,568
Total Expenses
$976,851
Total Assets
$7,823,428
Net Assets
$7,761,762
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MA
Principal Officer
REBECCA KANNAM DIRECTOR CHA
Phone
7812393000
Tax Period
2024-07-01 to 2025-06-30

Massachusetts Bay Community College Foundation Inc, founded in 1984, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $280K, a strong 22% operating margin.

Mission

THE FOUNDATION BOARD ENHANCES THE VITALITY OF THE COLLEGE BY PROMOTING INVESTMENT FROM EXTERNAL SOURCES, GROWING THE ENDOWMENT, AWARDING SCHOLARSHIPS, AND CREATING PARTNERSHIPS FOR LEARNING. IN SO DOING, THE FOUNDATION SEEKS TO BE A CATALYST FOR TRANSFORMING THE COLLEGE BY SUPPORTING EDUCATIONAL EXCELLENCE AND ACHIEVEMENT.

Program Service Accomplishments

Program 1
Expenses: $498,375

AWARDS SCHOLARSHIPS TO VARIOUS STUDENTS.

Program 2
Expenses: $420,012

ACADEMIC PROGRAMS AND STUDENT SERVICES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,083,549
Program Service Revenue $0
Investment Income $173,019
Other Revenue $0
TOTAL REVENUE $1,256,568

Expense Breakdown

Grants Paid $918,387
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $918,387
Other Expenses $58,464
TOTAL EXPENSES $976,851

Year-over-Year Comparison

2024 2023 Change
Revenue $1,256,568 $1,449,428 -0.1%
Expenses $976,851 $2,119,026 -0.5%
Net Income $279,717 $-669,598 -1.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
190

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
2
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James J Mckenzie Director 0.5
Director
$0 $0 $0
Joseph Asaya Director 0.5
Director
$0 $0 $0
THOMAS W CLEVERDON DIRECTOR 0.5
Director
$0 $0 $0
Howard Ferris VICE CHAIR 0.5
Officer Director
$0 $0 $0
Rebecca Kannam CHAIR 0.5
Officer Director
$0 $0 $0
DAVID KENNEDY DIRECTOR 0.5
Director
$0 $0 $0
TONY LOFTIS DIRECTOR 0.5
Director
$0 $0 $0
STACY OKADA DIrector 0.5
Director
$0 $0 $0
TODD OFENLOCH DIRector 0.5
Director
$0 $0 $0
Stephen T HibbarD DIRECTOR 0.5
Director
$0 $0 $0
JEAN DYER DIRECTOR 0.5
Director
$0 $0 $0
Chris Teachout 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 $1,256,568 $976,851 $7,823,428 $279,717
2024 $1,449,428 $2,119,026 $6,952,962 $-669,598
2023 $2,585,895 $2,469,831 $7,063,730 $116,064
2022 $1,230,055 $1,246,423 $6,708,548 $-16,368
2021 $923,254 $803,440 $7,841,424 $119,814
2020 $1,601,262 $945,800 $6,766,347 $655,462
2019 $589,729 $634,310 $5,975,805 $-44,581
Explore More Nonprofits
→Top 100 Nonprofits in Massachusetts →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Massachusetts Bay Community College Foundation Inc with other nonprofits in Massachusetts and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.