MassBay Community College Annual Report 2022-2023

Massachusetts Bay Community College Foundation, Inc. Financial Summary

Revenues

Percent

Contributions

77%

Donated services Investment return

5%

18% 100%

OPERATING REVENUE

Amount

Operating Expenses Scholarships and grants Other program costs

15% 78%

Public Support Contributions Donated services Investment Return

$

2,292,599 152,208 529,820

Management and general Fundraising and development

4%

3% 100%

TOTAL OPERATING REVENUE

$

2,974,627

OPERATING EXPENSES Program Services Scholarships and grants Other program costs

Amount

$

386,533

2,030,796

TOTAL PROGRAM SERVICES

$

2,417,329

Management and general Fundraising and development

$

96,120 78,590

TOTAL OPERATING EXPENSES

$

2,592,039

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