The foundation board enhances the vitality of the college by promoting investment from external sources, growing the endowment, awarding scholarships, and creating partnerships for learning. In so doing, the foundation seeks to be a catalyst for transforming the college by supporting educational excellence and achievement.
Key facts about Massachusetts Bay Community College
In short: Massachusetts Bay Community College gave $918K across 1 grant in 2025 (avg $918K), mostly in Massachusetts. Source: 2025 IRS Form 990.
- EIN
- 22-2581930
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $918,387
- Grants made (2025)
- 1
- Average grant
- $918,387
- Median grant
- $918,387
- Total assets
- $7,823,428
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$7.8M
+12.5% YoY
Annual Giving
$918K
-55.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$918K
-55.6% YoY
How Massachusetts Bay Community College gives
- Giving grew 155% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Massachusetts Bay Community College
Based on IRS filings
Massachusetts Bay Community College is a nonprofit organization focused on Education, based in Wellesley Hills, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $7.8M in total assets. In 2025, it awarded 1 grant totaling $918K. Net investment income was $173K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Massachusetts Bay Community College Wellesley, MA | PROGRAM SUPPORT | $918,387 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $7,823,428 | $6,952,962 | $7,063,730 |
| Revenue | $1,256,568 | $1,449,428 | $2,585,895 |
| Expenses | $976,851 | $2,119,026 | $2,469,831 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $173,019 | $129,290 | $293,296 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS January 9, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Massachusetts Bay Community College is led by Rebecca Kannam, Chair since 2024 (on filings since 2020); none of the 12 officers listed in 2025 report compensation.
Officers on the 2025 filing
Rebecca Kannam
Chair
Director → Chair, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
James J Mckenzie
Director
Director → Director & Chair, 2022
Director & Chair → Director, 2024
On filings since 2019
0.5 hrs/week
No compensation reported
Joseph Asaya
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Stephen T HibbarD
Director
Director & Vice Chair → Director, 2025
On filings since 2019
0.5 hrs/week
No compensation reported
Thomas W. Cleverdon
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Jean Dyer
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Stacy Okada
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Todd Ofenloch
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Tony Loftis
Director
On filings since 2021
0.5 hrs/week
No compensation reported
David Kennedy
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Chris Teachout
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Howard Ferris
Vice Chair
Director → Vice Chair, 2024
On filings since 2022
0.5 hrs/week
No compensation reported
Former officers (7)
- Former: Chris Cavallerano (2021–2023) — Director
- Former: Tina Kao Mylon (2021–2023) — Director
- Former: Christopher Bissada (2021–2022) — Director
- Former: James Lehan (2019–2021) — Director & Chair
- Former: Robert Dawson (2019–2020) — Outgoing Director
- Former: Thomas M. Britt (2019–2020) — Outgoing Director
- Former: Laurie Carlson (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Massachusetts Bay Community College
How much does Massachusetts Bay Community College give each year?
Massachusetts Bay Community College gave $918K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $2.1M across 1 grant.
How large is Massachusetts Bay Community College?
Massachusetts Bay Community College reported $7.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.3M.
What is Massachusetts Bay Community College?
Massachusetts Bay Community College is a nonprofit organization focused on Education, based in Wellesley Hills, MA. It holds $7.8M in total assets as of 2025.
Where does Massachusetts Bay Community College operate?
Massachusetts Bay Community College has awarded grants in Massachusetts.
What is Massachusetts Bay Community College's EIN?
Massachusetts Bay Community College's EIN (Employer Identification Number) is 22-2581930. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Massachusetts Bay Community College by hand.
Explore Open Grants
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