Holyoke Community College Foundationinc

Nonprofit profile at a glance

EIN
237181691
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Holyoke, MA, USA
Phone
4135522747
Rating
94
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$2,879,681
Expenses
$6,224,447
Assets
$21,850,041
Liabilities
$1,841,558

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

32 people listed

Highest reported compensation

  • AMANDA SBRISCIA (DIRECTOR): $150,781 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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."

What it reported doing in 2024

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. Beyond scholarship awards and support through the president's student emergency fund, the hcc foundation provided financial support for the marieb adult learner success center, itsy bitsy child watch, the thrive student resource center and food pantry, student travel opportunities, and various academic programs. Additionally, the foundation continues to invest in the scholarship resource center, the only space of its kind among Massachusetts community colleges, which offers student engagement opportunities regarding philanthropy. The foundation prioritizes meaningful donor relations efforts, including its innovative 60 seconds of change newscast highlighting philanthropic impact, as well as its annual taste of gratitude and scholarship donor reception.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 90% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.7%; rating input score 97
  • Fundraising efficiency: $42.09 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Limited
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -116.2%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 3.51; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 62; 62nd percentile among comparable filings
  • Officer compensation ratio: 2.4%; rating input score 73; 73rd percentile among comparable filings

Growth

  • Program expense growth: 18.4% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 9.8% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.7% of spending went to programs
  • Governance: 32 of 32 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $6M in reported program spending
  • Leadership: top reported pay $151K · 32 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 1/100.