Statement of Financial Position

As of June 30, 2023


Current Assets $4,796,587
Property and Equipment, net $17,123,581
Contributions receivable, net of current portion $0
Investments $13,793,681
Right of Use Assets $5,741,319
Other Assets $18,000
Total Assets $41,473,168

Liabilities and Net Assets

Current Liabilities $5,162,051
Due to College (NOWI) $17,123,581
Lease Liability $5,083,325
Mortgage notes payable, net of current portion. $404,709
Total Liabilities $23,399,513

Net Assets

Unrestricted $4,138,694
Temporarily Restricted                                                 $13,934,961
Total Net Assets


Total Liabilities and Net Assets                           

Statement of Revenue & Expenses

As of June 30, 2023

Revenue and Support

Contributions $1,669,988
Special Events $57,056
Investment Return $79,412
Rent and Other Income $1,575,278
Total Revenue and Support


Scholarships, Awards and Student Support $2,763,245
General and Administrative $104,215
Fundraising $133,879
Total Expenses


Changes in Net Assets            


$15.8mTotal contributed to the college by the Bristol Community College Foundation since 2012.
$1.16mWas given to the college in FY23.
20Faculty and staff grants awarded totaling $51,579.
251Student scholarships awarded. 90% of every dollar raised goes directly to Bristol Community College and Bristol students.
$309,000Total scholarship funds awarded.