2024-11-07T11:14:04-06:00 2024-06-30 060903326 WHITTLESEY PC 14 BOBALA RD HOLYOKE MA 01040 990 2023-07-01 237181691 HOLYOKE COMMUNITY COLLEGE FOUNDATIONINC HOLY 4135522747 303 HOMESTEAD AVENUE HOLYOKE MA 01040 AMANDA SBRISCIA EXECUTIVE DIRECTOR 4135522747 2024-11-07 1 1 LISA WILLS P01828548 4135363970 2023 2024-10-15 13:58:12Z AMANDA SBRISCIA 303 HOMESTEAD AVENUE HOLYOKE MA 01040 3812015 0 X WWW.HCC.EDU/FOUNDATION X 1968 MA TO PROVIDE SUPPORT FOR PROGRAMS AND ACTIVITIES WHICH ENHANCE THE QUALITY OF EDUCATION AND EXPAND THE EDUCATIONAL OPPORTUNITIES FOR STUDENTS AT HOLYOKE COMMUNITY COLLEGE. 30 30 0 0 0 0 8500758 1696341 0 0 825313 524668 179526 167878 9505597 2388887 1530587 6161921 0 0 0 0 0 0 28515 872710 760902 2403297 6922823 7102300 -4533936 28395035 25580113 1859279 1753128 26535756 23826985 X SEE SCHEDULE OTHE HOLYOKE COMMUNITY COLLEGE (HCC) FOUNDATION EXISTS TO SUPPORT AND PROMOTE THE MISSION OF HOLYOKE COMMUNITY COLLEGE. THE PURPOSE OF THE FOUNDATION IS TO SECURE, INVEST AND STEWARD FINANCIAL AND OTHER RESOURCES TO ENHANCE THE QUALITY OF EDUCATION AND EXPAND EDUCATIONAL OPPORTUNITIES FOR HOLYOKE COMMUNITY COLLEGE STUDENTS. AS A CHARITABLE CORPORATION ORGANIZED UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS, THE HCC FOUNDATION IS FISCALLY AND LEGALLY SEPARATE FROM THE COLLEGE AND PROVIDES A PERPETUAL TRUSTEESHIP FOR FUNDS DONATED BY INDIVIDUALS AND ORGANIZATIONS TO SUPPORT PROGRAMS AND ACTIVITIES THAT BENEFIT THE COLLEGE AND ITS STUDENTS. THE HCC FOUNDATION BOARD OF DIRECTORS IS GUIDED BY THE FOLLOWING PRINCIPLES EQUALLY: STUDENT SUCCESS, RELATIONSHIPS, EXCELLENCE AND INNOVATION, STEWARDSHIP, AND DIVERSITY AND RESPECT. IN SHORT, THE HCC FOUNDATION MISSION IS: "SUPPORT. INVEST. MAKE POSSIBLE." 0 0 6772388 6161921 692546 SEE SCHEDULE OTHE HOLYOKE COMMUNITY COLLEGE (HCC) FOUNDATION PROVIDES SUPPORT TO THE COLLEGE IN THREE BROAD AREAS: SCHOLARSHIP SUPPORT FROM ENDOWED SCHOLARSHIP FUNDS; EMERGENCY SUPPORT FOR STUDENTS FACING UNFORESEEN EMERGENCIES; AND DIRECT SUPPORT OF THE COLLEGE'S PROGRAMS, FACILITIES, AND STRATEGIC PRIORITIES. MORE THAN $350,000 WAS AWARDED IN ENDOWED SCHOLARSHIP SUPPORT DESERVING STUDENTS FOR THE YEAR ENDED JUNE 30, 2024. IN ADDITION, THE HCC FOUNDATION PROVIDED FINANCIAL SUPPORT FOR THE RENOVATION OF THE MARIEB CENTER FOR LIFE SCIENCES, THE THRIVE CENTER AND FOOD PANTRY, THE BARTLEY CENTER FOR ATHLETICS AND RECREATION, ITSY BITSY CHILD WATCH, THE MARIEB ADULT LEARNER SUCCESS CENTER, THE LESLIE PHILLIPS THEATER, THE BIOLOGY DEPARTMENT, THE LIBRARY, AND MORE. NEARLY $50,000 WAS ALSO PROVIDED TO STUDENTS THROUGH THE PRESIDENT'S STUDENT EMERGENCY FUND TO HELP STUDENTS OVERCOME UNEXPECTED EMERGENCIES. EVENTS HOSTED BY THE HCC FOUNDATION PRIORITIZE DONOR ENGAGEMENT AND MEANINGFUL GRATITUDE FOR THE IMPACT OF DONOR SUPPORT AND THEIR ONGOING COMMITMENT TO OUR MISSION. 6772388 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X AMANDA SBRISCIA 4135522747 303 HOMESTEAD AVE HOLYOKE MA 01040 SUSAN GOLDSMITH CHAIR 2.00 X 0 0 0 LYNN STARR VICE CHAIR 2.00 X 0 0 0 TIFFANY MADRU SECRETARY 2.00 X 0 0 0 DEANA L MCPHERSON TREASURER 2.00 X 0 0 0 MICHAEL ROUNDY VICE TREASURER 2.00 X 0 0 0 JASARAH BURGOS DIRECTOR 2.00 X 0 0 0 STEVEN CLEMENT DIRECTOR 2.00 X 0 0 0 KATE DOUGLAS DIRECTOR 2.00 X 0 0 0 LUINDY ESPINAL DIRECTOR 2.00 X 0 0 0 KIP FOLEY DIRECTOR 2.00 X 0 0 0 WENDY FOX DIRECTOR 2.00 X 0 0 0 DEAN GALLAGHER DIRECTOR 2.00 X 0 0 0 JOSHUA GARCIA DIRECTOR 2.00 X 0 0 0 ERIN GODFREY DIRECTOR 2.00 X 0 0 0 MAURA GREANEY DIRECTOR 2.00 X 0 0 0 TED HEBERT DIRECTOR 2.00 X 0 0 0 SINA HOLLOMAN DIRECTOR 2.00 X 0 0 0 MARY KAEDING DIRECTOR 2.00 X 0 0 0 MICHAEL LYNCH DIRECTOR 2.00 X 0 0 0 ALAINA MACAULAY DIRECTOR 2.00 X 0 0 0 JOHNNIE MCKNIGHT DIRECTOR 2.00 X 0 0 0 MATT MCMAHON DIRECTOR 2.00 X 0 0 0 COREY MURPHY DIRECTOR 2.00 X 0 0 0 EVAN PLOTKIN DIRECTOR 2.00 X 0 0 0 RYAN REGE DIRECTOR 2.00 X 0 0 0 ISRAEL RIVERA DIRECTOR 2.00 X 0 0 0 GARY ROME DIRECTOR 2.00 X 0 0 0 AMANDA SBRISCIA DIRECTOR 2.00 X 0 143519 0 JIM SHEVLIN DIRECTOR 2.00 X 0 0 0 CAMILLE THERIAQUE DIRECTOR 2.00 X 0 0 0 0 143519 0 0 0 0 0 0 1696341 4881 1696341 620524 620524 494119 326241 167878 167878 167878 1001031 1096887 -95856 -95856 -95856 2388887 692546 0 0 5621859 5621859 540062 540062 38200 38200 16749 16749 41873 8918 4440 28515 62531 62531 11601 11601 350 350 580258 580258 9340 9340 6922823 6772388 121920 28515 478924 184856 6860284 4004500 58595 49701 6132444 3818689 2894013 2313755 17086361 18269433 1016858 757868 28395035 25580113 39475 360277 786924 611570 1032880 781281 1859279 1753128 X 3686390 3905749 22849366 19921236 26535756 23826985 28395035 25580113 -4533936 1825165 0 X X 0 1 X 1 0 X 885736 598074 784351 8500758 1696341 12465260 885736 598074 784351 8500758 1696341 12465260 12465260 318013 284590 425210 422535 620523 2070871 3735 3735 -589 6881 14543012 0.85710 0.86100 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS-NET PROCEEDS - 2019 AMOUNT: $ 3,235. 2020 AMOUNT: $ 3,735. 2021 AMOUNT: $ -589. LICENSE AGREEMENT INCOME - 2019 AMOUNT: $ 500. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 14204198 926673 1967809 390842 16707838 13105512 97417 1249450 248181 14204198 15210137 169555 -1871603 402577 13105512 11788423 425044 3021330 24660 15210137 10442035 1152168 496066 301846 11788423 0.51000 0.49000 1 0 100754 100754 5529359 3586361 1942998 502331 232328 270003 2313755 OPERATING LEASE LIABILITY 781281 781281 4632882 1825165 109338 326241 2260744 2372138 16749 16749 2388887 7341653 109338 326241 435579 6906074 16749 16749 6922823 PART III, LINE 4: A COLLECTION OF ART, WHICH WAS ACQUIRED THROUGH PURCHASE AND CONTRIBUTIONS SINCE THE FOUNDATION'S INCEPTION, IS NOT RECOGNIZED AS AN ASSET ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF ART FOR THE COLLECTION ARE RECORDED AS A DECREASE IN THE APPROPRIATE NET ASSET CLASS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES, IF ANY, ARE USED FOR DIRECT CARE OF THE EXISTING COLLECTION. DIRECT CARE INCLUDES COSTS TO MAINTAIN THE CONDITION AND QUALITY OF THE ITEMS IN THE COLLECTION. PART V, LINE 4: THE ORGANIZATION INTENDS TO USE THE ENDOWMENT FUNDS TO FULFILL ITS PURPOSE, WHICH IS TO PROVIDE SUPPORT FOR PROGRAMS AND ACTIVITIES WHICH ENHANCE THE QUALITY OF EDUCATION AND EXPAND THE EDUCATIONAL OPPORTUNITIES FOR STUDENTS ENROLLED AT HOLYOKE COMMUNITY COLLEGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 326,241. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 326,241. 1 HOLYOKE COMMUNITY COLLEGE 303 HOMESTEAD AVENUE HOLYOKE MA 01040 042719849 0 5621859 FMV DIRECT SUPPORT OF THE COLLEGE VARIOUS SCHOLARSHIPS AND AWARDS GRANTED 67 540062 FMV PART I, LINE 2: PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS: SCHOLARSHIP REQUESTS ARE FIRST PRESCREENED BY A SOFTWARE PACKAGE BASED ON THE SPECIFIC TERMS OF EACH SCHOLARSHIP FUND AND INFORMATION IN THE INDIVIDUAL'S APPLICATION TO DETERMINE WHICH SCHOLARSHIP(S) ARE AVAILABLE TO THE INDIVIDUAL. THE SCHOLARSHIP COMMITTEE THEN MAKES THE FINAL DETERMINATION OF SCHOLARSHIP AWARDS BASED ON THE TERMS OF EACH SCHOLARSHIP FUND AND INFORMATION PROVIDED BY THE APPLICANTS. GRANTS DIRECTLY TO HOLYOKE COMMUNITY COLLEGE ARE APPROVED EACH YEAR BY VOTE OF THE BOARD OF DIRECTORS BASED ON REQUESTS MADE BY THE COLLEGE. HOLYOKE COMMUNTY COLLEGE FOUNDATION TO SUPPORT COLLEGE 540062 SCHOLARSHIPS AND OTHER SUPPORT 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS WITH THE ANNUAL AUDITED FINANCIAL STATEMENTS. THE FORM 990 IS REVIEWED BY THE BOARD PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE DIRECTOR MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ON-GOING BASIS THROUGHOUT THE YEAR. THE ORGANIZATION DISCLOSES ANY RELATED PARTY TRANSACTIONS IN THE ANNUAL FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST OF THE INTERESTED PARTY. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES TO THE OVERSIGHT OR SELECTION PROCESS DURING THE YEAR. HOLYOKE COMMUNITY COLLEGE 303 HOMESTEAD AVENUE HOLYOKE MA 01040 042719849 EDUCATION MA 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 HOLYOKE COMMUNITY COLLEGE O 109338 COST