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Middlesex College Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / University or Technological Institute (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$929k (2023)

Expenses
$1.57M (2023)

Total Assets
$21.6M (2023)

Total Liabilities
$1.21M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$928,779
Expenses
$1,567,637
Net Income
-$638,858
Net Assets
$20,359,272
Notable Sources of Revenue Percent of Total Revenue
Contributions $929,595
> 100%
Program Services $0
Investment Income $575,170
61.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$2,684
Sales of Assets -$626,664
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $21,571,848
Total Liabilities $1,212,576
Net Assets $20,359,272
Compensation
Key Employees and Officers Compensation Related Other
Lisa Kelly (Executive Director) $97,796 $0 $15,080
Diane Conboy (Chairperson) $0 $0 $0
Deangelina Inman 1 St Vice (Chair/2 Nd Vice Chair Thru Nov 2022) $0 $0 $0
Barbara Bernard Trustee (1 St Chair Vice Thru Nov 2022) $0 $0 $0
Anthony Osbourne 2 Nd Vice (Chair/Trustee Thru Nov 2022) $0 $0 $0
James Campbell (Treasurer) $0 $0 $0
Joanne Fillweber (Secretary) $0 $0 $0
Maureen Binetti (Trustee) $0 $0 $0
Abhi Diwaker (Trustee) $0 $0 $0
Genette Falk (Trustee) $0 $0 $0
Rick Gelmetti (Trustee) $0 $0 $0
Linda Donato Kennedy (Trustee) $0 $0 $0
Keith Menscher Esq (Trustee) $0 $0 $0
Priti Pandya Patel Psyd (Trustee) $0 $0 $0
Michael Rofman (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,441,573
Expenses
$1,331,277
Net Income
$1,110,296
Net Assets
$19,605,245
Notable Sources of Revenue Percent of Total Revenue
Contributions $791,718
32.4%
Program Services $0
Investment Income $505,623
20.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,118,387
45.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $20,490,248
Total Liabilities $885,003
Net Assets $19,605,245
Compensation
Key Employees and Officers Compensation Related Other
Lisa Kelly (Executive Director) $93,133 $0 $18,164
Diane Conboy (Chairperson) $0 $0 $0
Barbara Bernard (First Vice Chairperson) $0 $0 $0
Deangelina Inman (Second Vice Chairperson) $0 $0 $0
James Campbell (Treasurer) $0 $0 $0
Joanne Fillweber (Secretary) $0 $0 $0
Maureen Binetti (Trustee) $0 $0 $0
Brian Daugherty (Trustee Through Sept 2021) $0 $0 $0
Genette Falk (Trustee) $0 $0 $0
Rick Gelmetti (Trustee) $0 $0 $0
Samuel Inglese (Trustee) $0 $0 $0
Linda Donato Kennedy (Trustee) $0 $0 $0
Anthony Osbourne (Trustee) $0 $0 $0
Eileen Palumbo (Trustee) $0 $0 $0
Michael Rofman (Trustee) $0 $0 $0
Michael Maroney (Trustee Through Sept 2021) $0 $0 $0
John Mulkerin (Trustee Through Sept 2021) $0 $0 $0
Dorothy K Power (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,811,630
Expenses
$1,312,985
Net Income
$1,498,645
Net Assets
$22,977,327
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,193,100
42.4%
Program Services $0
Investment Income $422,606
15.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,195,924
42.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $27,164
2.1%
Assets/Debt
Total Assets $23,894,938
Total Liabilities $917,611
Net Assets $22,977,327
Other
Reported an excess benefit transaction
Compensation
Key Employees and Officers Compensation Related Other
Diane Conboy (Chairperson) $0 $0 $0
Barbara Bernard (First Vice Chairperson) $0 $0 $0
Deangelina Inman (Second Vice Chairperson) $0 $0 $0
James Campbell (Treasurer) $0 $0 $0
Joanne Fillweber (Secretary) $0 $0 $0
Maureen Binetti (Trustee) $0 $0 $0
Genette Falk (Trustee) $0 $0 $0
Rick Gelmetti (Trustee) $0 $0 $0
Samuel Inglese (Trustee) $0 $0 $0
Linda Donato Kennedy (Trustee) $0 $0 $0
Anthony Osbourne (Trustee) $0 $0 $0
Eileen Palumbo (Trustee) $0 $0 $0
Michael Rofman (Trustee) $0 $0 $0
James Sausmer (Outgoing Trustee (02/2021)) $0 $0 $0
Brian Daugherty (Trustee) $0 $0 $0
Michael Maroney (Trustee) $0 $0 $0
John Mulkerin (Trustee) $0 $0 $0
Dorothy K Power (Trustee) $0 $0 $0
Mark Finkelstein (Trustee) $0 $0 $0
Mark Mccormick (Persident College) $0 $226,553 $64,182
Frank Maltino (Cfo College) $0 $100,440 $22,571
Linda Scherr (Acting Vp Academic & Student Affairs) $0 $151,987 $71,736
Michelle Campbell (Vp For Institutional Advancement) $0 $144,413 $38,528
Jeffrey Herron (Vp Institutional Effectiveness) $0 $193,014 $50,539
Lisa Kelly (Executive Director) $0 $117,460 $20,657

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,005,576
Expenses
$1,566,490
Net Income
-$560,914
Net Assets
$18,728,887
Notable Sources of Revenue Percent of Total Revenue
Contributions $630,748
62.7%
Program Services $0
Investment Income $629,906
62.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $26,179
2.6%
Sales of Assets -$281,257
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $20,075,654
Total Liabilities $1,346,767
Net Assets $18,728,887
Compensation
Key Employees and Officers Compensation Related Other
Diane Conboy (Chairperson) $0 $0 $0
Barbara Bernard (First Vice Chairperson) $0 $0 $0
Deangelina Inman (Second Vice Chairperson) $0 $0 $0
James Campbell (Treasurer) $0 $0 $0
Joanne Fillweber (Secretary) $0 $0 $0
Maureen Binetti (Trustee) $0 $0 $0
Genette Falk (Trustee) $0 $0 $0
Rick Gelmetti (Trustee) $0 $0 $0
Samuel Inglese (Trustee) $0 $0 $0
Linda Donato Kennedy (Trustee) $0 $0 $0
Anthony Osbourne (Trustee) $0 $0 $0
Eileen Palumbo (Trustee) $0 $0 $0
Michael Rofman (Trustee) $0 $0 $0
James Sausmer (Trustee) $0 $0 $0
Brian Daugherty (Trustee) $0 $0 $0
Michael Maroney (Trustee) $0 $0 $0
John Mulkerin (Trustee) $0 $0 $0
Mark Mccormick (Persident College) $0 $226,553 $51,172
Frank Maltino (Cfo College) $0 $100,440 $19,927
Linda Scherr (Acting Vp Academic & Student Affairs) $0 $151,987 $61,569
Michelle Campbell (Vp For Institutional Advancement) $0 $144,413 $31,729
Jeffrey Herron (Vp Institutional Effectivenss) $0 $193,015 $50,539
Dorothy K Power (Trustee) $0 $0 $0
Mark Finkelstein (Trustee) $0 $0 $0
Lisa Kelly (Executive Director) $0 $117,460 $17,374

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,017,122
Expenses
$1,017,135
Net Income
$999,987
Net Assets
$18,920,613
Notable Sources of Revenue Percent of Total Revenue
Contributions $576,808
28.6%
Program Services $0
Investment Income $531,075
26.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $31,791
1.6%
Sales of Assets $877,448
43.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,340
0.5%
Assets/Debt
Total Assets $19,893,802
Total Liabilities $973,189
Net Assets $18,920,613
Compensation
Key Employees and Officers Compensation Related Other
Diane Conboy (Chairperson) $0 $0 $0
Barbara Bernard (First Vice Chairperson) $0 $0 $0
Saul Fink (Second Vice Chairperson) $0 $0 $0
James Sausmer (Treasurer) $0 $0 $0
James Suleski (Assistant Treasurer) $0 $0 $0
Joanne Fillweber (Secretary) $0 $0 $0
Mark Mccormick (Interim President College) $0 $182,431 $38,108
Dean Jeffrey Herron (Vice President College) $0 $153,832 $10,273
Maureen Lawrence (Vice President College) $0 $172,922 $22,487
Michelle Campbell (Vice President College) $0 $71,475 $5,429
Maureen Binetti (Trustee) $0 $0 $0
Genette Falk (Trustee) $0 $0 $0
Rick Gelmetti (Trustee) $0 $0 $0
Samuel Inglese (Trustee) $0 $0 $0
Deangelina Inman (Trustee) $0 $0 $0
Linda Donato Kennedy (Trustee) $0 $0 $0
Michael Rofman (Trustee) $0 $0 $0
John Visceglia Jr (Trustee) $0 $0 $0
Brian Daugherty (Trustee) $0 $0 $0
Charles Larsson (Trustee) $0 $0 $0
Michael Maroney (Trustee) $0 $0 $0
John Mulkerin (Trustee) $0 $0 $0
Dorothy K Power (Trustee) $0 $0 $0
Mark Finkelstein (Trustee) $0 $0 $0
Veronica Clinton (Executive Director) $0 $95,633 $16,293

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,645,113
Expenses
$1,128,414
Net Income
$516,699
Net Assets
$18,418,875
Notable Sources of Revenue Percent of Total Revenue
Contributions $773,435
47.0%
Program Services $0
Investment Income $347,275
21.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $42,758
2.6%
Sales of Assets $481,645
29.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $19,487,756
Total Liabilities $1,068,881
Net Assets $18,418,875
Compensation
Key Employees and Officers Compensation Related Other
Diane Conboy (Chairperson) $0 $0 $0
Barbara Bernard (First Vice Chairperson) $0 $0 $0
Saul Fink (Second Vice Chairperson) $0 $0 $0
James Sausmer (Treasurer) $0 $0 $0
James Suleski (Assistant Treasurer) $0 $0 $0
Joanne Fillweber (Secretary) $0 $0 $0
Joann Laperla Morales (President College) $0 $225,678 $11,280
Mark Mccormick (Vice President College) $0 $163,371 $11,280
Maureen Lawrence (Vice President College) $0 $94,819 $7,308
Veronica Clinton (Executive Director) $0 $93,367 $7,639
Maureen Binetti (Trustee) $0 $0 $0
Jun Choi (Trustee) $0 $0 $0
Genette Falk (Trustee) $0 $0 $0
Rick Gelmetti (Trustee) $0 $0 $0
Samuel Inglese (Trustee) $0 $0 $0
Deangelina Inman (Trustee) $0 $0 $0
Linda Donato Kennedy (Trustee) $0 $0 $0
John Visceglia Jr (Trustee) $0 $0 $0
Patrick Madama (Vice President College) $0 $175,524 $11,280
Brian Daugherty (Trustee) $0 $0 $0
Charles Larsson (Trustee) $0 $0 $0
Michael Maroney (Trustee) $0 $0 $0
John Mulkerin (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,104,194
Expenses
$1,473,621
Net Income
$5,630,573
Net Assets
$17,696,028
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,289,888
88.5%
Program Services $0
Investment Income $303,226
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $338,724
4.8%
Net Inventory Sales $0
Other Revenue $172,356
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $65,222
4.4%
Assets/Debt
Total Assets $18,818,260
Total Liabilities $1,122,232
Net Assets $17,696,028

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,189,879
Expenses
$1,421,375
Net Income
-$231,496
Net Assets
$11,498,468
Notable Sources of Revenue Percent of Total Revenue
Contributions $815,840
68.6%
Program Services $0
Investment Income $352,537
29.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$125,492
Net Inventory Sales $0
Other Revenue $146,994
12.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $54,261
3.8%
Assets/Debt
Total Assets $12,589,531
Total Liabilities $1,091,063
Net Assets $11,498,468

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,314,763
Expenses
$1,537,439
Net Income
$777,324
Net Assets
$11,863,861
Notable Sources of Revenue Percent of Total Revenue
Contributions $906,350
39.2%
Program Services $0
Investment Income $377,841
16.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $928,477
40.1%
Net Inventory Sales $0
Other Revenue $102,095
4.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $148,405
9.7%
Assets/Debt
Total Assets $12,995,617
Total Liabilities $1,131,756
Net Assets $11,863,861

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,949,355
Expenses
$1,303,034
Net Income
$646,321
Net Assets
$12,116,496
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,128,140
57.9%
Program Services $0
Investment Income $339,038
17.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $381,956
19.6%
Net Inventory Sales $0
Other Revenue $100,221
5.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $172,891
13.3%
Assets/Debt
Total Assets $12,978,386
Total Liabilities $861,890
Net Assets $12,116,496

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,267,584
Expenses
$1,126,567
Net Income
$141,017
Net Assets
$10,697,184
Notable Sources of Revenue Percent of Total Revenue
Contributions $687,709
54.3%
Program Services $0
Investment Income $328,739
25.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $154,408
12.2%
Net Inventory Sales $0
Other Revenue $96,728
7.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $160,393
14.2%
Assets/Debt
Total Assets $11,406,993
Total Liabilities $709,809
Net Assets $10,697,184

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,337,306
Expenses
$1,073,236
Net Income
$264,070
Net Assets
$10,134,144
Notable Sources of Revenue Percent of Total Revenue
Contributions $875,827
65.5%
Program Services $0
Investment Income $296,259
22.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $78,086
5.8%
Net Inventory Sales $0
Other Revenue $87,134
6.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $100,704
9.4%
Professional Fundraising Fees $0
Other Salaries and Wages $93,538
8.7%
Assets/Debt
Total Assets $10,722,551
Total Liabilities $588,407
Net Assets $10,134,144

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,363,355
Expenses
$858,049
Net Income
$505,306
Net Assets
$10,111,329
Notable Sources of Revenue Percent of Total Revenue
Contributions $819,141
60.1%
Program Services $0
Investment Income $275,770
20.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $260,637
19.1%
Net Inventory Sales $0
Other Revenue $7,807
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $96,662
11.3%
Professional Fundraising Fees $0
Other Salaries and Wages $152,406
17.8%
Assets/Debt
Total Assets $10,547,249
Total Liabilities $435,920
Net Assets $10,111,329

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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