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Middlesex Community College Foundation

Tax-deductible

Lowell, MA501(c)(3)Since 1987Colleges & UniversitiesEIN 04-2973384Revenue $1.7M in FY2025

On file with the IRSPo Box 8681, 01853-8681 · Lowell, MATax-exempt since Dec 1987College/university support org — 170(b)(1)(A)(iv)

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To enlist private sector support in furtherance of the educational and charitable purposes of Middlesex Community College. IT is the vehicle for fundraising from individuals, corporations, small businesses and private foundations.

501(c)(3) charity; gifts are tax-deductible.
17¢ of each $1 spent went to programs.
Run by 50 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $375K a year · 20% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
17%
of spending
Concern: 17% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
84 mo
of spending, in cash
Looks good: 83.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $28K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$886K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
-49% vs prior year
Spent
$1.5M
To programs
17%
Net assets
$10.2M
By yearFY2020–FY2025
Revenue
$1.7M
FY2025▼ -49%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.0M
FY2022$1.7M
FY2023$2.2M
FY2024$3.2M
FY2025$1.7M
Expenses
$1.5M
FY2025▼ -43%
Tap a bar for its year
Expenses by fiscal year
FY2020$906K
FY2021$1.2M
FY2022$1.2M
FY2023$1.5M
FY2024$2.6M
FY2025$1.5M
Net assets
$10.2M
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.7M
FY2021$8.3M
FY2022$7.6M
FY2023$8.5M
FY2024$9.6M
FY2025$10.2M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

17 cents of each dollar spent went to programs.

Program services 17% · $246K Management & general 83% · $1.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
David Basile
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Lois Alves
Director
$0Pt VII · Sec A
Lura Smith
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Middlesex Community College Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises private funds to support Middlesex Community College's educational and charitable goals.

Questions for Middlesex Community College Foundation

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Provided by the organization

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1 program · $246K · in their own filed words · FY2024
01

To enable middlesex community college, a state owned and operated educational institution to provide educational assistance to massachusetts residents.

$246Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Greater Lowell Community Foundation INCFY2025$28K
Total grants receivedfrom 1 funder$28K
Grants paid · 6 grants · $1.3M · 2019–2024
Middlesex Community CollegeFY2024$211,124
Middlesex Community College Foundation IncorporatedCT · FY2023$216,413
Middlesex Community College Foundation IncorporatedCT · FY2022$505,240
Middlesex Community College Foundation IncorporatedCT · FY2021$205,204
Middlesex Community College Foundation IncorporatedCT · FY2020$142,671
Middlesex Community College Foundation IncorporatedCT · FY2019$49,905

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$970K
Investment incomeLn 3$403K
Other incomeLn 4–11$288K
Money outPt IX
$1.5M
Ln 25
Programscol B$246K
Managementcol C$1.2M
Owns and owesPt X
$10.2M
net assets · Ln 32
Cash and savingsLn 1–2$10.3M
Total assetsLn 16$11.1M
LiabilitiesLn 26$886K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$970K
Investment incomeLn 3$403K
Other incomeLn 4–11$288K
Gains on assetsLn 7$105K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$2.0M
SavingsLn 2$8.3M
Cash and savings togetherLn 1–2$10.3M
Land, buildings, equipmentLn 10c$48K
Other assetsLn 15$775K
Total assetsLn 16$11.1M
LiabilitiesLn 26$886K
Net assetsLn 32$10.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$9.7M$10.3M
Land, buildings, equipmentLn 10c$50K$48K
Total assetsLn 16$10.7M$11.1M
LiabilitiesLn 26$1.1M$886K
Net assetsLn 32$9.6M$10.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$211K$211K
Accounting feesLn 11c$35K$35K
Investment management feesLn 11f$24K$24K
Other fees for servicesLn 11g$85K$85K
OccupancyLn 16$233K$233K
InsuranceLn 23$35K$35K
Other expenses (24a–d)Ln 24$844K$844K
Total functional expensesLn 25$1.5M$246K$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.7M$1.5M$194K$10.2M 990 PDF
FY2024 $3.2M$2.6M$660K$9.6M 990 PDF
FY2023 $2.2M$1.5M$671K$8.5M 990 PDF
FY2022 $1.7M$1.2M$418K$7.6M 990 PDF
FY2021 $1.0M$1.2M−$124K$8.3M 990 PDF
FY2020 $1.3M$906K$433K$7.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $1,661,838 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,671,589$970,029
I-9 Program service revenue$0
I-10 Investment incomePrior year $259,725$403,447
I-11 Other revenuePrior year $309,323$288,362
I-12 Total revenuePrior year $3,240,637$1,661,838
I-13 Grants and similar amounts paidPrior year $216,413$211,124
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,364,458$1,256,790
I-18 Total expensesPrior year $2,580,871$1,467,914
I-19 Revenue less expensesPrior year $659,766$193,924
Part VI · Governance 15 of 15 board members independent, 2 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,661,838 across 8 lines filed
VIII-1f All other contributions, gifts and grants$970,029
VIII-1h Total contributions, gifts and grants$970,029
VIII-3 Investment incomeExcluded from tax $298,046$298,046
VIII-6 Net rental income or lossRelated to mission $73,945$73,945
VIII-7 Net gain or loss on sales of assetsRelated to mission $105,401$105,401
VIII-8 Net income from fundraising events−$5,804
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $220,221$220,221
VIII-12 Total revenueRelated to mission $179,346 · Excluded from tax $518,267$1,661,838
Part IX · Statement of functional expenses $1,467,914 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $211,124$211,124
IX-11c Accounting feesManagement $35,240$35,240
IX-11f Investment management feesManagement $23,623$23,623
IX-11g Other fees for servicesManagement $85,131$85,131
IX-16 OccupancyManagement $233,103$233,103
IX-23 InsurancePrograms $35,373$35,373
IX-24 Other expenses (24a–d)Management $844,320$844,320
IX-25 Total functional expensesPrograms $246,497 · Management $1,221,417 · Fundraising $0$1,467,914
Part X · Balance sheet $11,087,024 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,340,245$2,002,280
X-2 Savings and temporary cash investmentsStart of year $7,312,707$8,252,160
X-4 Accounts receivable$1,060
X-9 Prepaid expenses and deferred chargesStart of year $29,979$8,325
X-10c Land, buildings and equipment, netStart of year $50,162$48,446
X-15 Other assetsStart of year $952,842$774,753
X-16 Total assetsStart of year $10,690,435$11,087,024
X-17 Accounts payable and accrued expensesStart of year $3,877$37,572
X-19 Deferred revenueStart of year $5,181$10,336
X-25 Other liabilitiesStart of year $1,047,375$837,738
X-26 Total liabilitiesStart of year $1,056,433$885,646
X-27 Net assets without donor restrictionsStart of year $3,531,667$3,346,395
X-28 Net assets with donor restrictionsStart of year $6,102,335$6,854,983
X-32 Total net assets or fund balancesStart of year $9,634,002$10,201,378
X-33 Total liabilities and net assetsStart of year $10,690,435$11,087,024
Part XI · Reconciliation of net assets $10,201,378 net assets at year end
XI-1 Total revenue$1,661,838
XI-2 Total expenses$1,467,914
XI-3 Revenue less expenses$193,924
XI-4 Net assets at start of year$9,634,002
XI-5 Net unrealized gains (losses) on investments$371,736
XI-9 Other changes in net assets$1,716
XI-10 Net assets at end of year$10,201,378

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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