Civic Intelligence

Bridgewater Alumni Association

EIN 04-2199546 • 501(c)3 • Bridgewater, MA

Profile

To promote the welfare, interests and excellence of bridgewater state university through alumni activities.

26 Summer StreetBridgewater, MA 02325

www.bridgew.edu/ALUMNI

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

25th percentile

0.04x

Higher debt load relative to revenue than 25% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

7th percentile

-40%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$257,416

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 40.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

39th percentile

0.9%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

347%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,712,942

Up $61,760 (+0.9%) from 2023

Liabilities

Up

$24,648

Up $3,376 (+16%) from 2023

Net Assets

Up

$6,688,294

Up $58,384 (+0.9%) from 2023

Revenue

Up

$643,185

Up $499,240 (+347%) from 2023

Expenses

Up

$901,170

Up $667,653 (+286%) from 2023

Net Income

Down

-$257,985

Down $168,413 (-188%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $3,649,186Liabilities 2011: $37,258Net Assets 2011: $3,611,9282011Assets 2012: $3,600,867Liabilities 2012: $22,969Net Assets 2012: $3,577,8982012Assets 2013: $3,792,526Liabilities 2013: $10,600Net Assets 2013: $3,781,9262013Assets 2014: $4,450,290Liabilities 2014: $11,001Net Assets 2014: $4,439,2892014Assets 2015: $4,284,826Liabilities 2015: $27,091Net Assets 2015: $4,257,7352015Assets 2016: $4,227,031Liabilities 2016: $40,382Net Assets 2016: $4,186,6492016Assets 2017: $4,645,336Liabilities 2017: $12,426Net Assets 2017: $4,632,9102017Assets 2018: $5,075,526Liabilities 2018: $35,289Net Assets 2018: $5,040,2372018Assets 2019: $5,283,191Liabilities 2019: $43,050Net Assets 2019: $5,240,1412019Assets 2020: $5,376,562Liabilities 2020: $157,725Net Assets 2020: $5,218,8372020Assets 2021: $6,902,826Liabilities 2021: $19,711Net Assets 2021: $6,883,1152021Assets 2022: $5,987,686Liabilities 2022: $11,200Net Assets 2022: $5,976,4862022Assets 2023: $6,651,182Liabilities 2023: $21,272Net Assets 2023: $6,629,9102023Assets 2024: $6,712,942Liabilities 2024: $24,648Net Assets 2024: $6,688,2942024

Highlighted filing

2024

Assets$6,712,942
Liabilities$24,648
Net Assets$6,688,294

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $262,364Expenses 2011: $177,931Net Income 2011: $84,4332011Expenses 2012: $173,5532012Revenue 2013: $351,651Expenses 2013: $173,079Net Income 2013: $178,5722013Revenue 2014: $213,580Expenses 2014: $146,336Net Income 2014: $67,2442014Revenue 2015: $253,757Expenses 2015: $164,850Net Income 2015: $88,9072015Revenue 2016: $236,834Expenses 2016: $187,344Net Income 2016: $49,4902016Revenue 2017: $417,905Expenses 2017: $195,393Net Income 2017: $222,5122017Revenue 2018: $583,578Expenses 2018: $202,111Net Income 2018: $381,4672018Revenue 2019: $702,635Expenses 2019: $222,439Net Income 2019: $480,1962019Revenue 2020: $126,116Expenses 2020: $194,055Net Income 2020: -$67,9392020Revenue 2021: $205,579Expenses 2021: $104,760Net Income 2021: $100,8192021Revenue 2022: $230,823Expenses 2022: $203,408Net Income 2022: $27,4152022Revenue 2023: $143,945Expenses 2023: $233,517Net Income 2023: -$89,5722023Revenue 2024: $643,185Expenses 2024: $901,170Net Income 2024: -$257,9852024

Highlighted filing

2024

Revenue$643,185
Expenses$901,170
Net Income-$257,985

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.71$0.02$6.69$0.64$0.90$0.26
2023Detailed filing. Detailed filing data is available for this year.$6.65$0.02$6.63$0.14$0.23$0.09
2022Detailed filing. Detailed filing data is available for this year.$5.99$0.01$5.98$0.23$0.20$0.03
2021Detailed filing. Detailed filing data is available for this year.$6.90$0.02$6.88$0.21$0.10$0.10
2020Detailed filing. Detailed filing data is available for this year.$5.38$0.16$5.22$0.13$0.19$0.07
2019Detailed filing. Detailed filing data is available for this year.$5.28$0.04$5.24$0.70$0.22$0.48
2018Detailed filing. Detailed filing data is available for this year.$5.08$0.04$5.04$0.58$0.20$0.38
2017Detailed filing. Detailed filing data is available for this year.$4.65$0.01$4.63$0.42$0.20$0.22
2016Detailed filing. Detailed filing data is available for this year.$4.23$0.04$4.19$0.24$0.19$0.05
2015Detailed filing. Detailed filing data is available for this year.$4.28$0.03$4.26$0.25$0.16$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.45$0.01$4.44$0.21$0.15$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.79$0.01$3.78$0.35$0.17$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.60$0.02$3.58$0.17
2011Summary only. Only limited summary data is available for this year.$3.65$0.04$3.61$0.26$0.18$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$1,950,424
Mission and Program Overview

Mission

To promote the welfare, interests and excellence of bridgewater state university through alumni activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$6,624,779$6,682,856▲ $58,077
Cash and Non-Interest-Bearing Accounts$26,403$30,086▲ $3,683
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$6,651,182$6,712,942▲ $61,760
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$21,272$24,648▲ $3,376
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$21,272$24,648▲ $3,376
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,295,102$3,641,451▲ $346,349
Net Assets With Donor Restrictions$3,334,808$3,046,843▼ $287,965
Total Net Assets Fund Balance$6,629,910$6,688,294▲ $58,384
Total Liabilities and Net Assets / Fund Balance$6,651,182$6,712,942▲ $61,760

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$6,682,856--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$3,334,808$94,858▲ $381,706-$3,046,843
2022$3,130,449$64,044▲ $384,959-$3,334,808
2021$3,576,687$97,478▼ $440,355-$3,130,449
2020$2,712,225$42,039▲ $859,906-$3,576,687
2019$2,744,902$55,827▲ $26,581-$2,712,225
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
scott enosDirector of Operations & LogisticsPT$146,543$146,543
Christopher McMillanDirector/ed Eq. Opp Coor - Bsu-$136,670$136,670
Kevin C CostaVP/Director of emp. relations- BSU-$103,383$103,383
Michelle A HacundaDIRECTOR / Part time Faculty-$11,316$11,316

Board Members and Trustees

NameTitle
Matthew J QuimbyPast President
Carrie M Kulick-ClarkPresident
Margaret A CaulfieldAlumni Trustee
Colleen Veronica McIntyreDirector
Dave MorwickDirector
Jessica McNeillDirector
Joie H SteeleDirector
Kelly DugganDirector
Matthew T RushtonDirector
Mia HazlettDirector
Stella M CitranoDirector
Timothy P MillerickDirector
Vinda ButlerDirector
Elizabeth DubuqueExec. Director, Alumni and Dev
Nicholas E PromponasAssistant Treasurer
Ellen OliverChief Development Officer
Michael J VieiraSecretary
Colby ShannonStudent Diriector
Revenue and Support

Revenue Composition

Contributions and Grants
$143,710
Program Service Revenue
$0
Investment Income
$499,475
Other Revenue
$0
All Other Contributions
$143,710
Change in Net Assets
$-257,985

Audited Revenue Reconciliation

Revenue per Audited Statements
$605,299
Revenue Not Reported on Financial Statements
$37,886
Revenue Not Reported on Form 990
$1,570,086
Total Revenue per Audited Statements
$2,175,385
Total Revenue per Form 990
$643,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$809,838
Other Expenses$91,332
Total Fundraising Expense$22,855
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$728,540--$728,540
Grants to Domestic Orgs$81,298--$81,298
Fees for Service Investment Mgmnt Fees-$37,886-$37,886
Fees for Services Accounting-$13,637-$13,637
Travel-$700-$700
Office Expenses-$569-$569
Other Expenses$15,615$70$22,855$70
Total Functional Expenses$825,453$52,862$22,855$901,170

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,117,001
Expenses Not Reported on Form 990$1,253,717
Total Expenses per Form 990$901,170
Expenses per Audited Statements$863,284
Expenses Not Reported on Financial Statements$37,886
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bridgewater State UniversityBridgewater, MA115SUPPORT for THE UNIVERSITY$81,298
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

The organization's chief development officer, vice president of finance and comptroller review the 990 prior to filing. The 990 is made available to all board members through a secure internet portal. Once approved, the form 990 is then filed with the internal revenue service.

FORM 990, PART VI, SECTION B, LINE 12C:

Officers, directors and key employees disclose any interests that could give rise to conflicts on an annual basis at the annual meeting. Compliance and enforcement is monitored at the annual meeting and mandated by massachusetts law.

FORM 990, PART VI, SECTION C, LINE 19:

The governing documents, conflict of interest policy and financial statements are located at 26 summer street, bridgewater, ma 02325 and are available upon request.

FORM 990, PART VI, SECTION B, LINE 15:

The bridgewater alumni association has no employees. The alumni association utilizes employees of bridgewater state university. All salaries for these employees are paid by bridgewater state university.

Filing and Contact Details

Filer

Filer Name
Bridgewater Alumni Association
EIN
04-2199546
In Care Of
% ELLEN OLIVER
Phone
5085312691
Address
26 Summer Street, Bridgewater, MA 02325

Signing Officer

Name
Doug Shropshire
Title
VP of Finance
Phone
5085312236
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Shropshire
Formed
1845
Legal Domicile
Ma
Voting Board Members
19
Independent Board Members
16
Employees
0
Volunteers
19

Preparer

Firm
Withumsmithbrownpc
Address
4600 EAST WEST HWY 900, BETHESDA, MD 20814-3423
Preparer
Richard Ruvelson
Phone
3012726000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has an audit committee whose purpose is the oversight and review of the audited financial statements and selection of an independent accountant. The process has not been changed from prior year.

Financial Statement Notes

PART V, LINE 4:

The intended use of the income from endowment funds is to support the programs of the association.

PART X, LINE 2:

The Alumni Association has been notified by the Internal Revenue Service that it meets the qualifications to be classified as a tax-exempt entity under section 501(c)(3) of the Internal Revenue Code. As a not-for-profit entity exempt from income taxes, the Alumni Association may, however, be subject to tax on unrelated business income. Accounting principles generally accepted in the United States of America require an entity to assess the probability that a tax position has a 'more likely than not' sustainability after review by tax authorities. If a tax position is deemed not to meet this threshold, any unrecognized tax benefits and costs are estimated and recognized. Tax returns are routinely open for review by the tax authorities for three years from their due date. In certain circumstances, the statute of limitations may remain open indefinitely.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXEC. DIRECTOR, ALUMNI AND DEV
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIR. OF OPERATIONS & LOGISTICS
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR/ED EQ. OPP COOR - BSU
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP/Dir. of emp. relations- BSU
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR / Part time Faculty
IRS990/Form990PartVIISectionAGrp/TitleTxt6President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Assistant Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Student Diriector
IRS990/Form990PartVIISectionAGrp/TitleTxt10Alumni Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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