Public Charity

Massachusetts Bay Community College Foundation Inc

Massachusetts Bay Community College Foundation Inc is a Public Charity headquartered in Wellesley HILLS, MA. Financial data from the 2025 filing: $1.3M revenue, $977K expenses, $7.8M total assets. 34 publicly reported grants to this organization, totaling roughly $2.1M, appear in IRS filings.

EIN: 222581930 Wellesley HILLS, MA Single Organization Support NTEE: B11 Latest filing: 2025
Total Revenue$1.3M
Total Expenses$977K
Total Assets$7.8M
Grant Records34
Funding Total$2.1M
Filing Years2021–2025

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.

Where $100 goes at Massachusetts Bay Community College Foundation Inc

How Massachusetts Bay Community College Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$96 Programs the work itself
$4 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $96 for programs

$52
Awards scholarships to various students
54% of program spending
$44
Academic programs and student services
46% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

$137,500
2025
TO SUPPORT THE EMERGENCY NEEDS OF SOLE CAREGIVERS OF DEPENDENT CHILDREN
$67,500
$155,000
2024
SINGLE MOTHERS ATTENDING THE COLLEGE
$60,055
2024
For grant recipient's exempt purposes
$33,475

Showing up to 5 of 34 total records — full history available with membership.

Officers & Directors

DIRECTOR Chris Teachout
DIRECTOR David Kennedy
VICE CHAIR Howard Ferris
Director James J Mckenzie
DIRECTOR Jean Dyer
Director Joseph Asaya

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$1,178,462 26 grants
Fundraising & Sponsorship
$500,000 1 grant
Education
$268,180 6 grants
Economic Development
$150,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $1.3M $977K $7.8M
2024 $1.4M $2.1M $7.0M
2023 $2.6M $2.5M $7.1M
2022 $1.2M $1.2M $6.7M
2021 $923K $803K $7.8M

Between 2021 and 2025, reported annual revenue grew from $923K to $1.3M (+36%), with total assets most recently reported at $7.8M.

Interactive year-over-year charts and full filing details available with membership.

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