Massachusetts College Of Liberal Arts Foundation Inc

Organization Overview

Massachusetts College Of Liberal Arts Foundation Inc is located in North Adams, MA. The organization was established in 1977. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts College Of Liberal Arts Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Massachusetts College Of Liberal Arts Foundation Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT EDUCATIONAL ACTIVITIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

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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Board, Officers & Key Employees

Name (title)Compensation
Julie Arnold
Chair
$0
Jason Dohaney
Vice Chair
$0
Billie Jo Sawyer
Treasurer
$0
Amy Smith
Clerk
$0
Robert Ziomek
President
$0
Marcus Morandi
Vice President
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$908,432
Investment income $263,518
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $93,033
Net Gain/Loss on Asset Sales $671,348
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,936,331

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Massachusetts College Of Liberal Arts Foundation Inc has recieved totaling $825,358.

Awarding OrganizationAmount
Feigenbaum Foundation Inc

Pittsfield, MA

PURPOSE: ENDOWMENT/CAPITAL CAMPAIGN

$400,000
Raymond James Charitable Endowment Fund

St Petersberg, FL

PURPOSE: GENERAL SUPPORT

$300,000
The Berkshire Taconic Community Foundation Inc

Sheffield, MA

PURPOSE: FOR EDUCATIONAL PROGRAMMING, ENRICHMENT AND SUPPOR OF ADULT LEARNERS

$54,731
Fiduciary Charitable Foundation

Boston, MA

PURPOSE: DONATIONS

$50,000
Help Yourself Win Foundation

Schenectady, NY

PURPOSE: TO ASSIST MCLA WITH THEIR MISSION OF EXTENDING PUBLIC SERVICE TO BRING FIFTH GRADERS TO CAMPUS AND BUILD PERSONAL INTERESTS IN WHAT A COLLEGE EDUCATION CAN PROVIDE. FOUNDATION PRESIDENT MEETS WITH GRANT RECIPIENT ON AN ANNUAL BASIS TO ENSURE COMPLIANCE.

$15,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$5,047
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$15,470,558
Earnings$3,672,401
Net Contributions$1,042,711
Other Expense$1,352,807
Ending Balance$18,832,853

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