Overview
What is Massachusetts Bay Community College Foundation Inc?
Massachusetts Bay Community College Foundation Inc is a nonprofit organization dedicated to enhancing the educational excellence of Massachusetts Bay Community College. Their primary focus is on securing new resources and maximizing the return on existing ones. Acting as ambassadors to the community, they also promote investment from external sources. The foundation's mission extends beyond fundraising, as it aims to grow the endowment and award scholarships, thereby fostering educational achievement. Furthermore, they create partnerships for learning, aiming to serve as a catalyst for transforming the college and supporting its vitality. In essence, the Massachusetts Bay Community College Foundation Inc is committed to fostering academic success and development through investments, scholarships, and collaborative learning initiatives.
Official website here: www.massbay.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Massachusetts Bay Community College Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a robust performance in accountability and finance. With a score of 97%, the foundation demonstrates effective management and transparency in its operations, ensuring that a significant portion of its resources is directed towards its programs.
The foundation excels in various governance and financial metrics, including a fully independent board and strong oversight mechanisms, such as an Audit and Oversight Committee. The organization maintains a high level of financial health, with a low liabilities-to-assets ratio and excellent program expense efficiency, indicating that it is well-positioned to support its mission over the long term.
While the ratings highlight the foundation's strengths, the focus on accountability and finance means that other aspects, such as program impact and community feedback, are not assessed. However, the strong financial indicators suggest a solid foundation for carrying out its charitable activities effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts Bay Community College Foundation Inc legitimate?
Massachusetts Bay Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Bay Community College Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.massbay.edu
What is the mission statement of Massachusetts Bay Community College Foundation Inc?
The Massachusetts Bay Community College Foundation Inc's mission is to enhance the college's vitality by promoting investment from external sources, growing the endowment, and awarding scholarships. The foundation serves as a catalyst for transforming the college by securing new resources, maximizing the return on existing resources, and acting as ambassadors to the community. Additionally, the foundation builds partnerships for learning, aiming to support educational excellence and achievement at Massachusetts Bay Community College.
Official website here: www.massbay.edu
Who is the CEO of Massachusetts Bay Community College Foundation Inc?
James Mckenzie is the Director of Massachusetts Bay Community College Foundation Inc.
Official website here: www.massbay.edu
What is the revenue of Massachusetts Bay Community College Foundation Inc?
Massachusetts Bay Community College Foundation Inc's revenue in 2022 was $1,230,055.
Official website here: www.massbay.edu
Who are the executives of Massachusetts Bay Community College Foundation Inc and what are their salaries?
There 82 volunteers at Massachusetts Bay Community College Foundation Inc.
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Official website here: www.massbay.edu
Where can I find the form 990 for Massachusetts Bay Community College Foundation Inc?
Massachusetts Bay Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.massbay.edu
Learn more at the official website: www.massbay.edu
Mission Statement of Massachusetts Bay Community College Foundation Inc
Massachusetts Bay Community College Foundation Inc's mission is centered around enhancing the college's vitality by promoting investment from external sources. The foundation's board works towards this goal by growing the endowment, awarding scholarships, and establishing partnerships for learning. By doing so, the Massachusetts Bay Community College Foundation Inc aims to serve as a catalyst for transforming the college, supporting educational excellence and achievement. The foundation strives to secure new resources and maximize the return on existing ones, while acting as ambassadors to the community and complementing the college's efforts. The ultimate objective is to assist Massachusetts Bay Community College in its mission of providing quality education and fostering student success.
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Impact
October, 2024
Massachusetts Bay Community College Foundation Inc significantly enriches the educational landscape by providing essential scholarships and fundraising efforts. By promoting investment from external sources, the Foundation bolsters the college's financial resources, allowing for greater access to education for a diverse student body. Their mission is centered on enhancing educational excellence, which is realized through the growth of their endowment and the establishment of meaningful partnerships for learning.
The Foundation actively awards scholarships, which directly support students in achieving their academic goals, thus transforming lives and fostering community development. Through its role as an ambassador to the community, the Foundation not only raises awareness about the value of education but also galvanizes support from local businesses, alumni, and community members to invest in the future of the college and its students. This collective effort cultivates an environment where educational achievement thrives, ultimately benefiting the entire community.
This information is meant to be a general summary of Massachusetts Bay Community College Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $136,984
- Gross Receipts: $1,253,514
Assets and Liabilities:
- Total Assets: $6,708,548
- Total Liabilities: $113,580
- Net Assets: $6,594,968
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Organization Details
Founding Year
1984
Phone
(781) 239-3000Principal Officer
James Mckenzie
Main Address
50 OAKLAND STREET, WELLESLEY HILLS, MA, 02481
Website
www.massbay.eduNTEE Category
Code: B11 - Education
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