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Massachusetts Bay Community College Foundation

 50 Oakland Street
 Wellesley Hills , MA 02481
[P] (781) 239-3123
[F] (781) 237-1061
http://www.massbay.edu/foundation/
[email protected]
Mary Shia
INCORPORATED: 1985
 Printable Profile (Summary / Full)
EIN 22-2581930

LAST UPDATED: 12/21/2017
Organization DBA --
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

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Mission StatementMORE »

The mission of the Massachusetts Bay Community College Foundation (MBCCF) is to enhance the college’s vitality by promoting investment from external sources, growing its endowment, awarding scholarships to students, and fostering partnerships for student learning and supports. MBCCF seeks to be a catalyst for transformational excellence and achievement among students, faculty, and the institution, at-large. It seeks to build a community of support that can meet the wide-ranging needs of MassBay Community College’s constituents and contribute to its overall fiscal strength.

Mission Statement

The mission of the Massachusetts Bay Community College Foundation (MBCCF) is to enhance the college’s vitality by promoting investment from external sources, growing its endowment, awarding scholarships to students, and fostering partnerships for student learning and supports. MBCCF seeks to be a catalyst for transformational excellence and achievement among students, faculty, and the institution, at-large. It seeks to build a community of support that can meet the wide-ranging needs of MassBay Community College’s constituents and contribute to its overall fiscal strength.

FinancialsMORE »

Fiscal Year July 01, 2017 to June 30, 2018
Projected Income $238,881.00
Projected Expense $238,881.00

ProgramsMORE »

  • Krystle Campbell 5K Race/Walk

Revenue vs. Expense ($000s)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

The mission of the Massachusetts Bay Community College Foundation (MBCCF) is to enhance the college’s vitality by promoting investment from external sources, growing its endowment, awarding scholarships to students, and fostering partnerships for student learning and supports. MBCCF seeks to be a catalyst for transformational excellence and achievement among students, faculty, and the institution, at-large. It seeks to build a community of support that can meet the wide-ranging needs of MassBay Community College’s constituents and contribute to its overall fiscal strength.

Background Statement

Founded in 1985, the Massachusetts Bay Community College Foundation (MBCCF) is a 501 c (3) organization led by an Executive Director. Its two staff members are part-time. It is governed by an 11-member Board of Directors who help to sustain its mission by securing new resources, offering professional expertise, and acting as ambassadors within the community. The MBCCF was established to assist MassBay Community College in attracting resources for the purposes of developing and fostering scholarships and other financial, programmatic, and personal supports that enhance college readiness, access, retention, and success among students and strengthen the College's work, overall.

Impact Statement

The MBCCF participates in fundraising and partnership building, which enhance underrepresented students’ abilities to earn college degrees. The MBCCF has helped to support the following initiatives:

Achieve in Math (AIM) Program

AIM is a free, math-focused summer bridge program that helps to reduce or eliminate the time students spend in developmental math, a key barrier to college completion. 60% of AIM participants have advanced at least one math level.

Mobile Market

MBCCF works in partnership with the Greater Boston Food Bank to alleviate hunger among students. Monthly, fresh fruits and vegetables students are made accessible to students, in a farmer’s market style atmosphere, free of charge.

“OPUS” Scholarship Endowment for Single Parents

MBCCF has partnered with Gladys Brooks Foundation to provide high achieving, single parent students with scholarships that help them to earn college degrees, enter family sustainable career fields, and end cycles of poverty.

Young Men of Color Program (YMOC)

The YMOC program provides male students of color with consistent leadership and safe space to improve academic performance, reduce achievement gaps, and address social issues.

A major five-year initiative of the MBCCF is to develop a Student Life and Wellness Center that would help MassBay meet the critical demands of its Athletics and Student Development departments, support student enrollment and retention, and uphold the College’s commitment to contributing to the overall vitality of the MetroWest and Greater Boston regions. The Center would feature a NJCAA competition level gymnasium, state-of-art fitness facility, elevated indoor track, student lounge areas, flexible spaces for meetings, conferences, and events, and staff offices.


Needs Statement

The MBCCF’s Top Five Most Pressing Needs are:

1) Enlarging and Diversifying staff size and Board participation;

2) New Board Member Recruitment and Development;

3) Generating support to provide Scholarships and Emergency Grants to vulnerable students, particularly those who are experiencing housing and food insecurity; single parents; and immigrants with limited access to financial aid;

4) Initiating feasibility planning and assessment for a Capital Campaign to develop a Student Life and Wellness Center; and

5) Strengthening the Alumni program, including increasing membership in the Alumni Council.


CEO Statement

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Board Chair Statement

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Geographic Area Served

METROWEST REGION, MA
GREATER BOSTON REGION, MA
City of Boston- Roxbury
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Organization Categories

  1. Education - Single Organization Support
  2. -
  3. -

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

No

Programs

Krystle Campbell 5K Race/Walk

5K Race/Walk in commemoration of former student and Boston Marathon Bombing victim Krystle Campbell. Annually, the MBCCF organizes this walk to develop funds for Emergency Grants and to address specific needs/programs, e.g. Young Men of Color; students with disabilities; single parents, etc.
Budget  $15,000.00
Category  Philanthropy, Voluntarism & Grantmaking, General/Other Fundraising
Population Served College Aged (18-26 years) Poor,Economically Disadvantaged,Indigent Victims
Program Short-Term Success  Short term success is measured by the number of race registrants and dollars raised by the event.
Program Long-Term Success 

Longer term success is measured by the number of emergency grants MBCCF has been able to provide, annually, and the percentage of requests it has been able to respond to.

The program is meant to raise funds to provide emergency grants to students who wouldn't otherwise be able to access support or who are facing an immediate crisis. Long-term, MBCCF hopes to be able to establish an endowment for this purpose.

Program Success Monitored By  --
Examples of Program Success  Since its inception in 2014, participation in the race has increased by approximately 20% each year.

CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Ms. Mary Shia
CEO Term Start Jan 2013
CEO Email [email protected]
CEO Experience --
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
-- -- --

Senior Staff

Name Title Experience/Biography
-- -- --

Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

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CEO/Executive Director/Board Comments

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Foundation Comments

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Staff Information

Number of Full Time Staff 1
Number of Part Time Staff 1
Number of Volunteers 20
Number of Contract Staff 0
Staff Retention Rate % 100%

Staff Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 2
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 2
Male: 0
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Under Development
Years Strategic Plan Considers --
Management Succession Plan --
Business Continuity of Operations Plan --
Organization Policies And Procedures Under Development
Nondiscrimination Policy Yes
Whistle Blower Policy No
Document Destruction Policy --
Directors and Officers Insurance Policy --
State Charitable Solicitations Permit --
State Registration --

Risk Management Provisions

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Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency N/A N/A
Non Management Formal Evaluation and Frequency Yes Annually

Governance


Board Chair Mr. James C. Lehan
Board Chair Company Affiliation Town of Norfolk, MA
Board Chair Term July 2017 - June 2019
Board Co-Chair Ms. Laura L. Anctil
Board Co-Chair Company Affiliation Needham Bank
Board Co-Chair Term July 2017 - June 2019

Board Members

Name Company Affiliations Status
Ms. Laura L. Anctil Needham Bank Voting
Mr. Joseph Asaya Boston Scientific Voting
Mr. Thomas M. Britt Financial Executive, Retired --
Ms. Laurie J. Carlson Massachusetts Department of Transportation Voting
Mr. Robert Dawson Retired Voting
Ms. Michelle Drolet Towerwall, Inc. Voting
Mr. Paul Dumas Blue Cross Blue Shield of Massachusetts Voting
Mr. Stephen T. Hibbard Retired Voting
Mr. Kevin Kane Middlesex Savings Bank, Retired Voting
Mr. James C. Lehan Selectman Town of Norfolk Voting
Mr. James J. McKenzie Esq. Private Practice Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 1
Asian American/Pacific Islander: 0
Caucasian: 10
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 3
Male: 8
Not Specified 0

Board Information

Board Term Lengths --
Board Term Limits --
Board Meeting Attendance % --
Written Board Selection Criteria Under Development
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions --
Constituency Includes Client Representation Yes

Standing Committees

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CEO/Executive Director/Board Comments

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Foundation Comments

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Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Fiscal Year July 01, 2017 to June 30, 2018
Projected Income $238,881.00
Projected Expense $238,881.00
Form 990s

2016 990

2015 990

2014 990

Audit Documents

2016 Audited Financials

2015 Audited Financials

2014 Audited Financials

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2016 2015 2014
Total Revenue $331,730 $436,677 $427,293
Total Expenses $335,215 $361,904 $359,721

Prior Three Years Revenue Sources

Fiscal Year 2016 2015 2014
Foundation and
Corporation Contributions
-- -- --
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- $0 $0
Individual Contributions $169,053 $260,903 $271,985
Indirect Public Support -- $0 $0
Earned Revenue -- $0 $0
Investment Income, Net of Losses $162,677 $175,774 $155,308
Membership Dues -- $0 $0
Special Events -- $0 $0
Revenue In-Kind -- -- --
Other -- $0 $0

Prior Three Years Expense Allocations

Fiscal Year 2016 2015 2014
Program Expense $304,055 $315,652 $322,154
Administration Expense $31,160 $46,252 $37,567
Fundraising Expense -- $0 $0
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 0.99 1.21 1.19
Program Expense/Total Expenses 91% 87% 90%
Fundraising Expense/Contributed Revenue 0% 0% 0%

Prior Three Years Assets and Liabilities

Fiscal Year 2016 2015 2014
Total Assets $4,955,207 $5,032,394 $4,887,846
Current Assets $596,499 $744,668 $144,004
Long-Term Liabilities -- $0 $0
Current Liabilities $20,016 $5,468 $9,868
Total Net Assets $4,935,191 $5,026,926 $4,877,978

Prior Three Years Top Three Funding Sources

Fiscal Year 2016 2015 2014
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value $1,297,120.00
Spending Policy Percentage
Percentage(If selected) 4.0%
Credit Line Yes
Reserve Fund No
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? Anticipated In 3 Years
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? Yes

Short Term Solvency

Fiscal Year 2016 2015 2014
Current Ratio: Current Assets/Current Liabilities 29.80 136.19 14.59

Long Term Solvency

Fiscal Year 2016 2015 2014
Long-term Liabilities/Total Assets 0% 0% 0%

CEO/Executive Director/Board Comments

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Foundation Comments

Financial summary data in the charts and graphs above is per the organization's IRS Form 990s. Contributions from foundations and corporations are listed under individuals when the breakout was not available.

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

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2. What are your strategies for making this happen?

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3. What are your organization’s capabilities for doing this?

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4. How will your organization know if you are making progress?

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5. What have and haven’t you accomplished so far?

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