Public Charity

Mount Wachusett Community College Foundation Inc

Based in Gardner, MA, Mount Wachusett Community College Foundation Inc operates as a Public Charity. The organization reported $1.2M in revenue, $772K in expenses, $12.0M in total assets for fiscal year 2025. Imperigo tracks 23 reported grant relationships connected to this organization totaling approximately $2.7M.

EIN: 237136083 Gardner, MA Single Organization Support NTEE: B11 Latest filing: 2025
Total Revenue$1.2M
Total Expenses$772K
Total Assets$12.0M
Grant Records23
Funding Total$2.7M
Filing Years2020–2025

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.

Where $100 goes at Mount Wachusett Community College Foundation Inc

How Mount Wachusett Community College Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$89 Programs the work itself
$10 Management running the organization
$1 Fundraising raising the next dollar

Inside the $89 for programs

$56
Fostering and promoting excellence in education and research through grants and assisting in the growth and improvement of the college
63% of program spending
$33
To provide financial assistance through scholarships and awards to qualified students
37% 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.

Officers & Directors

DIRECTOR Andrew Colameta
EXECUTIVE DIRECTOR Carla Zottoli
DIRECTOR Cheryl K Serpe
CHAIR Jeanie Connolly
DIRECTOR Joseph N Forkey
DIRECTOR Keith Boissineau

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$1,711,773 12 grants
General Support
$610,109 9 grants
Youth Development
$362,219 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $1.2M $772K $12.0M
2024 $1.2M $1.0M $10.6M
2023 $820K $846K $9.3M
2021 $618K $632K $9.6M
2020 $1.0M $1.1M $7.6M

Between 2020 and 2025, reported annual revenue grew from $1.0M to $1.2M (+20%), with total assets most recently reported at $12.0M.

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

See the full picture for Mount Wachusett Community College Foundation Inc

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