Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1966.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
82 cents of each dollar spent went to programs.
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
17 people listed on the 990; $103K paid to officers and key staff.
Lisa Kelly’s $103K as Executive Director is at the 34th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Lisa Kelly | $103,152 | $100,592 | $97,796 | $93,133 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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
Provides financial aid, scholarships, and resources to help students access their future.
Questions for Middlesex College Foundation INC
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Programs and Grants
In addition to providing scholarships for middlesex college students, middlesex college foundation seeks funding for a wide variety of ongoing programs, capital projects, and academic initiatives.
Scholarships
Since 1967, the middlesex college foundation has distributed over $21.9 million in scholarships, financial aid, and grants to more than 20,000 deserving students. The middlesex college foundation currently offers 156 endowed and annual scholarships for qualified students.
Direct Student Support
Student success often depends on factors beyond academic scholarship. Middlesex college foundation seeks to support the whole student journey and has made a commitment to direct student support through the funding of programs such as the student emergency fund, middlesex college food pantry, and chromebook ownership program.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.5M | $1.5M |
| InvestmentsLn 11–13 | $21.6M | $24.2M |
| Total assetsLn 16 | $23.4M | $28.0M |
| LiabilitiesLn 26 | $903K | $808K |
| Net assetsLn 32 | $22.5M | $27.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $484K | $484K | ||
| Grants to domestic individualsLn 2 | $524K | $524K | ||
| Accounting feesLn 11c | $16K | $16K | ||
| Investment management feesLn 11f | $141K | $141K | ||
| Other fees for servicesLn 11g | $19K | $19K | ||
| Office expensesLn 13 | $4K | $4K | ||
| Information technologyLn 14 | $10K | $10K | ||
| TravelLn 17 | $2K | $2K | ||
| Conferences, conventions and meetingsLn 19 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $38K | $6K | $32K | |
| Total functional expensesLn 25 | $1.2M | $1.0M | $226K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $1.7M | $1.3M | $380K | $22.5M | 990 PDF |
| FY2023 | $929K | $1.6M | −$639K | $20.4M | 990 PDF |
| FY2022 | $2.4M | $1.3M | $1.1M | $19.6M | 990 PDF |
| FY2021 | $2.8M | $1.3M | $1.5M | $23.0M | 990 PDF |
| FY2020 | $1.0M | $1.6M | −$561K | $18.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $6,012,583 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, 1 to look at
Part VIII · Statement of revenue $6,012,583 across 7 lines filed
Part IX · Statement of functional expenses $1,239,436 across 10 lines filed
Part X · Balance sheet $28,017,661 assets, 14 lines filed
Part XI · Reconciliation of net assets $27,209,910 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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