Baltimore City Community College Foundation Incorporated
- Assets
- $1.5m
- Revenue
- $435.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 05/1985
- Data as of
- 06/2022
- EIN
- 52-1361023
Organization Overview
Baltimore City Community College Foundation Incorporated is located in Baltimore, MD. The organization was established in 1985. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baltimore City Community College Foundation Incorporated 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, Baltimore City Community College Foundation Incorporated generated $435.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $149.7k during the year ending 06/2022. While expenses have increased by 2.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE MISSION OF BCCC BY STRENGTHENING PHILANTHROPIC GIVING TO THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY2022, BCCC FOUNDATION RECEIVED $50,000 FROM THE PEPSICO FOUNDATION FOR THE PEPSICO FOUNDATION UPLIFT SCHOLARSHIP. THE PEPSICO FOUNDATION UPLIFT SCHOLARSHIP AND PROFESSIONAL MENTORING PROGRAM SUPPORTS AFRICAN AMERICAN AND HISPANIC/LATNX ASPIRING AND GRADUATING COMMUNITY COLLEGE STUDENTS. THESE SCHOLARSHIPS WERE AVAILABLE FOR STUDENTS SEEKING TWO-YEAR ASSOCIATE DEGREES OR WORKFORCE TRAINING PROGRAMS WITH INDUSTRY CERTIFICATION. THESE SCHOLARSHIPS SUPPORTED BALTIMORE STUDENT OF COLOR WHO MAY HAVE FACED BARRIERS SUCH AS AFFORDABLE HOUSING ACCESS, CHILDCARE SUPPORT, INSUFFICIENT TRANSPORTATION, AND FOOD INSECURITY. THE SCHOLARSHIPS WERE AWARDED IN THE FALL, 2022 SEMESTER (FY2023) TO SUPPORT TWENTY-FIVE AFRICAN AMERICAN AND HISPANIC/LATINX STUDENTS COMPLETING WORKFORCE TRAINING, LOWER-DIVISION CERTIFICATES AND/OR DEGREES IN A CAREER PATHWAY THAT LEADS TO INDUSTRY-RECOGNIZED CREDENTIALS. SCHOLARSHIPS ALSO PROVIDED WRAP-AROUND SUPPORT FOR PEPSICO FOUNDATION UPLIFT SCHOLARS TO ADDRESS THE BARRIERS THAT OFTEN PREVENT STUDENTS FROM COMPLETING THE NECESSARY COURSEWORK TO PURSUE A DEGREE OR CERTIFICATE. THE PEPSICO FOUNDATION UPLIFT SCHOLARSHIP COVERED TUITION, FEES, REQUIRED TEXTBOOKS AND INCIDENTALS. IN ADDITION TO TRAINING AND JOB PLACEMENT SERVICES, THE WORKFORCE DEVELOPMENT DIVISION OF THE COLLEGE (WDCED) ALSO WORKED WITH A COMMUNITY PARTNER TO PROVIDE THESE STUDENTS WITH COMPLETE WRAPAROUND SERVICES TO MEET THEIR UNIQUE NEEDS. THESE SERVICES INCLUDED GENERAL BARRIER REMOVAL, CASE MANAGEMENT, TRANSPORTATION ASSISTANCE, AND STUDENT SUCCESS COACHING.
SCHOLARSHIPS - 52 ENDOWED AND NON-ENDOWED SCHOLARSHIPS WERE AWARDED TO VERY DESERVING STUDENTS AT THE BALTIMORE CITY COMMUNITY COLLEGE MAJORING IN VARIOUS DISCIPLINES INCLUDING BUSINESS MANAGEMENT, COMPUTER INFORMATION SYSTEMS, NURSING, PHYSICAL THERAPY, AND GENERAL STUDIES. ALL OF THE STUDENTS WERE FROM DIVERSE MINORITY BACKGROUNDS AND HAD A MINIMUM OF A 2.5 GPA AND WERE ENROLLED IN BALTIMORE CITY COMMUNITY COLLEGE FOR AT LEAST ONE SEMESTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr John Brothers President | OfficerTrustee | 1 | $0 |
Gregory T Finnegan Director | OfficerTrustee | 1 | $0 |
Sally T Grant Secretary | OfficerTrustee | 1 | $0 |
Byron Deese Treasurer | OfficerTrustee | 1 | $0 |
Channa Williams VP Finance And Admin | Officer | 40 | $164,658 |
Dawn Kirstaetter Vice President | Officer | 40 | $132,514 |
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 | $157,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,751 |
| Total Program Service Revenue | $0 |
| Investment income | $21,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,960 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $255,153 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $435,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $22,034 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,649 |
| Fees for services: Other | $14,500 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $22,669 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $856 |
| All other expenses | $0 |
| Total functional expenses | $149,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,197 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $108 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,369,295 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,890 |
| Total assets | $1,545,490 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $132,348 |
| Total liabilities | $132,348 |
| Net assets without donor restrictions | $111,521 |
| Net assets with donor restrictions | $1,301,621 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,545,490 |
Grants Awarded
Over the last fiscal year, Baltimore City Community College Foundation Incorporated has awarded $133,727 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BALTIMORE CITY PURPOSE: quick start | $93,960 |
BALTIMORE CITY PURPOSE: workforce | $39,767 |