Bristol Community College Foundati On Inc

Organization Overview

Bristol Community College Foundati On Inc is located in Fall River, MA. The organization was established in 1981. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Bristol Community College Foundati On 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 06/2022, Bristol Community College Foundati On Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

COLLEGE GRANTS: THE GRANTS AWARDED ARE REQUESTED BY FACULTY AND STAFF TO FUND SPECIAL PROGRAMS, SPEAKERS, PROFESSIONAL CONFERENCES AND EQUIPMENT THAT CAN NO LONGER BE FUNDED THROUGH THE COLLEGE OPERATING BUDGET.


TO PROVIDE FINANCIAL ASSISTANCE AND AWARDS TO QUALIFIED STUDENTS.


OTHER PROGRAM EXPENSES: THE FOUNDATION INCURS EXPENSES RELATED TO ITS OPERATIONS WHICH INCLUDES PUBLICATIONS, DATABASE INFRASTRUCTURE, MAIL APPEALS, SPECIAL EVENTS, MEETINGS, AND SPEAKERS TO HELP MEET THE GOALS OF THE BRISTOL COMMUNITY COLLEGE.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas P Murray CPA
President
$0
Frank B Sousa III
Executive Vice President
$0
Kathleen Maclean
Co-Vice President
$0
Anthony Sapienza
Co-Vice President
$0
Elliot Rosenfield CPA
Treasurer
$0
Peter Silva
Clerk
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,430,047
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,430,047
Total Program Service Revenue$0
Investment income $299,568
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$28,910
Net Gain/Loss on Asset Sales $567,548
Net Income from Fundraising Events $24,438
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,292,691

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Bristol Community College Foundati On Inc has recieved totaling $156,263.

Awarding OrganizationAmount
Thomas A Rodgers Jr Family Foundation

Newport, RI

PURPOSE: SCHOLARSHIP FUND

$75,000
Southcoast Community Foundation Inc

New Bedford, MA

PURPOSE: FY20-21 GRANT / BRISTOLS EMERGENCY COVID RESPONSE FUND/ FOR THE BCC WOMENS CENTER/ DIRECT NEEDS OF YOUTH/ BRISTOL STUDENT SUPPORT / BRISTOL EXTRAORDINARY NEEDS / IN SUPPORT OF POETRY/ BRISTOL FOOD PANTRY - GENERAL SUPPORT

$52,670
Edith H Demauro Charitable Tr

Plymouth, MA

PURPOSE: GENERAL CHARITABLE

$22,298
Ethel M Gainey Charitable Tr

Plymouth, MA

PURPOSE: GENERAL USE

$6,001
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$294
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$12,519,907
Earnings$1,276,539
Grants$163,450
Ending Balance$11,079,918

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