Holyoke Community College Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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."
- Income
- $2.9 million
- Spending
- $6.2 million
- Spent on programs
- 97%
- Reserves
- 4.3 months of spending
- Largest source of income
- investment income, 74%
- Employees
- 0
- Volunteers
- 0
- Highest pay
- $150,781, director
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 70 out of 100.
Reserves
20 of 35Spendable reserves would cover 4.3 months of spending.
Debt
20 of 20It owes 8% of what it owns.
Living within its means
0 of 15Spending exceeded income by 116% of income.
Income trend
15 of 15Income rose 21% on the year before.
Spending floor
15 of 1597% of spending went to programs and raising each dollar of donations cost 2 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 95 out of 100.
Independent board
25 of 2532 of 32 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $6.0 million spent. 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.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 1972.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
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