Manchester Community College Foundation Inc

Organization Overview

Manchester Community College Foundation Inc is located in Manchester, CT. The organization was established in 1968. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Manchester Community College 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 06/2022, Manchester Community College Foundation Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. 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

MCCF ASSISTS MCC IN ACHIEVING ITS MISSION THROUGH SUPPORT OF PROGRAMS, SCHOLARSHIPS AND EQUIPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MCC FOUNDATION PROVIDES FINANCIAL SUPPORT TO THE STUDENTS OF MCC THROUGH EDUCATIONAL MERIT AND FINANCIALLY BASED SCHOLARSHIPS. THE MCC FOUNDATION TYPICALLY GRANTS OVER $350,000 PER YEAR TO MORE THAN 500 STUDENTS WHO SUBMIT APPLICATIONS FOR ASSISTANCE FOR THEIR EDUCATIONAL PURSUITS.THE FOUNDATION PROVIDES SUPPORT TO MAINTAIN THE LEVEL OF EXCELLENCE OF MANCHESTER COMMUNITY COLLEGE PROGRAMS. MCC FOUNDATION SUPPORTS MCC PROGRAMS SUCH AS CULINARY ARTS AND HOSPITALITY, FINE ARTS, ALLIED HEALTH, ENGINEERING AND TECHNOLOGY, AND MANY OTHERS. FUNDING BOLSTERS PROGRAMS WITH RESOURCES TO PROVIDE EXCELLENT EDUCATIONAL EXPERIENCES AND TRAINING THAT PREPARES STUDENTS TO ENTER THE WORKFORCE WITH THE KNOWLEDGE AND INSTRUCTION THAT EMPLOYERS REQUIRE FOR TODAY AND THE FUTURE.


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Board, Officers & Key Employees

Name (title)Compensation
Yvonne M Martin
Vice President
$0
Peter Grose
President
$0
Bethany Silver
Secretary
$0
Michael B Lynch Jr
Treasurer
$0
Thomas Reynolds
Dean Of Institutional Adva
$0
Tj Benoit
Director
$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$565,030
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$565,030
Total Program Service Revenue$0
Investment income $438,343
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $550,981
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,554,354

Grants Awarded

Over the last fiscal year, Manchester Community College Foundation Inc has awarded $503,264 in support to 2 organizations.

Grant RecipientAmount

MANCHESTER COMMUNITY COLLEGE

PURPOSE: TO FURTHER THE MISSION OF MANCHESTER COMMUNITY COLLEGE

$413,305

MANCHESTER COMMUNITY COLLEGE

PURPOSE: TO FURTHER THE MISSION OF MANCHESTER COMMUNITY COLLEGE

$89,959
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Manchester Community College Foundation Inc has recieved totaling $110,557.

Awarding OrganizationAmount
Hartford Foundation For Public Giving

Hartford, CT

PURPOSE: SCHOLARSHIPS

$50,000
Paul L Jones Fund

Waterbury, CT

PURPOSE: SCHOLARSHIPS

$40,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$10,302
American Gift Fund

Wilmington, DE

PURPOSE: OPERATIONS

$10,000
Pfizer Foundation Inc

New York, NY

PURPOSE: MATCHING GIFTS

$250
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$18,755,752
Earnings-$2,195,772
Net Contributions$1,392,726
Other Expense$2,370,433
Ending Balance$15,582,393

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