Massachusetts Bay Community College Foundation
Massachusetts Bay Community College Foundation: Strong Financials, Room for Transparency
EIN: 222581930 · Wellesley Hls, MA · NTEE: B11 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $7.0M |
| Total Expenses | $2.5M |
| Program Spending | 80% |
| Net Assets | $7.0M |
| Transparency Score | 85/100 |
Is Massachusetts Bay Community College Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Massachusetts Bay Community College Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Massachusetts Bay Community College Foundation
Massachusetts Bay Community College Foundation (EIN: 222581930) is a nonprofit organization based in Wellesley Hls, MA, classified under NTEE code B11. The organization reported total revenue of $7.0M and total assets of $7.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Massachusetts Bay Community College Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Massachusetts Bay Community College Foundation is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$116K |
| Total Assets | $7.1M |
| Total Liabilities | $86K |
| Net Assets | $7.0M |
| Operating Margin | 4.5% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 34.3 months |
Financial Health Grade: A
In 2023, Massachusetts Bay Community College Foundation reported a surplus of $116K with revenue exceeding expenses, holds 34.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Massachusetts Bay Community College Foundation's revenue has grown at a compound annual growth rate (CAGR) of 18.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +110.2% | +98.2% | +5.3% |
| 2022 | +33.2% | +55.1% | -14.4% |
| 2021 | -42.3% | -15.1% | +15.9% |
| 2020 | +171.5% | +49.1% | +13.2% |
| 2019 | -12.1% | +10.2% | +3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Massachusetts Bay Community College Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Massachusetts Bay Community College Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $116K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it is below the IRS reporting threshold or handled by the college directly.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Massachusetts Bay Community College Foundation:
- Consistent growth in assets over the past several years, reaching $7,063,730 in 2023.
- Healthy revenue streams, with a significant increase to $2,585,895 in 2023.
- Low liabilities relative to assets, indicating strong financial health.
Frequently Asked Questions about Massachusetts Bay Community College Foundation
Is Massachusetts Bay Community College Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Massachusetts Bay Community College Foundation (EIN: 222581930) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does Massachusetts Bay Community College Foundation spend its money?
Massachusetts Bay Community College Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Massachusetts Bay Community College Foundation tax-deductible?
Massachusetts Bay Community College Foundation is registered as a tax-exempt nonprofit (EIN: 222581930). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Massachusetts Bay Community College Foundation's spending goes to programs?
Massachusetts Bay Community College Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Massachusetts Bay Community College Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Massachusetts Bay Community College Foundation is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Massachusetts Bay Community College Foundation located?
Massachusetts Bay Community College Foundation is headquartered in Wellesley Hls, Massachusetts and files with the IRS under EIN 222581930. It is classified under NTEE code B11.
How many years of IRS 990 filings does Massachusetts Bay Community College Foundation have?
Massachusetts Bay Community College Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.0M in total revenue.
What does Massachusetts Bay Community College Foundation do?
Massachusetts Bay Community College Foundation is a nonprofit organization in the Education sector, located in Wellesley Hls, Massachusetts. It is classified under NTEE code B11.
How much revenue does Massachusetts Bay Community College Foundation have?
Massachusetts Bay Community College Foundation reported total revenue of $6,988,763. Based on 13 IRS 990 filings on record.
What are Massachusetts Bay Community College Foundation's total assets?
Massachusetts Bay Community College Foundation holds total assets of $6,952,962 as reported in IRS 990 filings.
Where is Massachusetts Bay Community College Foundation located?
Massachusetts Bay Community College Foundation is based in Wellesley Hls, Massachusetts.
What is Massachusetts Bay Community College Foundation's EIN?
Massachusetts Bay Community College Foundation's Employer Identification Number (EIN) is 222581930. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Massachusetts Bay Community College Foundation?
Massachusetts Bay Community College Foundation is classified under NTEE code B11 (Education).
Is Massachusetts Bay Community College Foundation a registered 501(c)(3)?
Yes, Massachusetts Bay Community College Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222581930.
Does Massachusetts Bay Community College Foundation file IRS Form 990?
Yes, Massachusetts Bay Community College Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Massachusetts Bay Community College Foundation's revenue in 2023?
In the 202306 filing period, Massachusetts Bay Community College Foundation reported total revenue of $2,585,895, total expenses of $2,469,831, and net assets of $7,063,730.
Is Massachusetts Bay Community College Foundation's revenue growing or declining?
Massachusetts Bay Community College Foundation's revenue is growing. Revenue went from $1,230,055 (202206) to $2,585,895 (202306), a +110.2% change. Based on 13 filings on record.
What is Massachusetts Bay Community College Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Massachusetts Bay Community College Foundation covers tax period 202306. It shows revenue of $2,585,895, expenses of $2,469,831, total assets of $7,063,730, and liabilities of $86,174.
How much does Massachusetts Bay Community College Foundation spend on programs vs administration?
Based on IRS 990 analysis, Massachusetts Bay Community College Foundation allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Massachusetts Bay Community College Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Massachusetts Bay Community College Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Massachusetts Bay Community College Foundation's strengths?
Positive indicators for Massachusetts Bay Community College Foundation include: Consistent growth in assets over the past several years, reaching $7,063,730 in 2023.. Healthy revenue streams, with a significant increase to $2,585,895 in 2023.. Low liabilities relative to assets, indicating strong financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Massachusetts Bay Community College Foundation compensate executives?
Executive compensation is not reported in the provided data, suggesting it is below the IRS reporting threshold or handled by the college directly. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the foundation ensure its spending directly aligns with the most pressing needs of Massachusetts Bay Community College students?
While the data shows overall expenses, specific program allocations or impact metrics are not detailed, making it difficult to assess direct alignment with student needs beyond general support.
What strategies does the foundation employ to diversify its revenue streams beyond traditional donations?
The provided data primarily shows 'revenue' without specific breakdowns (e.g., investments, grants), making it unclear if diversification strategies are in place or how effective they are.
Filing History
IRS 990 filing history for Massachusetts Bay Community College Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Massachusetts Bay Community College Foundation's revenue has grown by 627.8%, moving from $355K to $2.6M. Total assets increased by 81.7% over the same period, from $3.9M to $7.1M. Total functional expenses rose by 706.8%, from $306K to $2.5M. In its most recent filing year (2023), Massachusetts Bay Community College Foundation reported a surplus of $116K, with revenue exceeding expenses. The organization holds $86K in liabilities against $7.1M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.5M | $7.1M | $86K | — | View 990 |
| 2022 | $1.2M | $1.2M | $6.7M | $114K | — | View 990 |
| 2021 | $923K | $803K | $7.8M | $183K | — | View 990 |
| 2020 | $1.6M | $946K | $6.8M | $300K | — | View 990 |
| 2019 | $590K | $634K | $6.0M | $87K | — | View 990 |
| 2018 | $671K | $576K | $5.8M | $0 | — | View 990 |
| 2017 | $465K | $384K | $5.5M | $500 | — | View 990 |
| 2016 | $332K | $335K | $5.0M | $20K | — | View 990 |
| 2015 | $437K | $362K | $5.0M | $5K | — | View 990 |
| 2014 | $427K | $360K | $4.9M | $10K | — | View 990 |
| 2013 | $446K | $388K | $4.3M | $59K | — | View 990 |
| 2012 | $409K | $269K | $3.9M | $5K | — | View 990 |
| 2011 | $355K | $306K | $3.9M | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.5M, and assets of $7.1M (revenue +110.2% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.2M, and assets of $6.7M (revenue +33.2% year-over-year).
- 2021: Revenue of $923K, expenses of $803K, and assets of $7.8M (revenue -42.3% year-over-year).
- 2020: Revenue of $1.6M, expenses of $946K, and assets of $6.8M (revenue +171.5% year-over-year).
- 2019: Revenue of $590K, expenses of $634K, and assets of $6.0M (revenue -12.1% year-over-year).
- 2018: Revenue of $671K, expenses of $576K, and assets of $5.8M (revenue +44.3% year-over-year).
- 2017: Revenue of $465K, expenses of $384K, and assets of $5.5M (revenue +40.2% year-over-year).
- 2016: Revenue of $332K, expenses of $335K, and assets of $5.0M (revenue -24.0% year-over-year).
- 2015: Revenue of $437K, expenses of $362K, and assets of $5.0M (revenue +2.2% year-over-year).
- 2014: Revenue of $427K, expenses of $360K, and assets of $4.9M (revenue -4.2% year-over-year).
- 2013: Revenue of $446K, expenses of $388K, and assets of $4.3M (revenue +9.2% year-over-year).
- 2012: Revenue of $409K, expenses of $269K, and assets of $3.9M (revenue +15.0% year-over-year).
- 2011: Revenue of $355K, expenses of $306K, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Massachusetts Bay Community College Foundation:
Data Sources and Methodology
This transparency report for Massachusetts Bay Community College Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.