Civic Intelligence

Westfield State University Foundation Inc.

990 • Fiscal year 2016 • EIN 04-2701694

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 03, 2017

Organization ProfileWESTFIELD.MA.EDU
2 Broad Street PO Box 1630Westfield, MA 01086-1630

(413) 485-7363

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

30th percentile

0.05x

Higher debt load relative to assets than 30% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

49th percentile

0.18x

Higher debt load relative to revenue than 49% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

94th percentile

59%

Higher net margin than 94% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

68th percentile

$166,460

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

82nd percentile

17%

Faster asset growth than 82% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

36th percentile

-1.6%

Faster revenue growth than 36% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$8,468,126

Up $1,233,833 (+17%) from 2015

Net Assets

Up

$8,042,136

Up $1,312,601 (+20%) from 2015

Liabilities

Down

$425,990

Down $78,768 (-16%) from 2015

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin94th percentile

Revenue

Down

$2,374,994

Down $37,742 (-1.6%) from 2015

Expenses

Up

$976,657

Up $318,738 (+48%) from 2015

Net Income

Down

$1,398,337

Down $356,480 (-20%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $4,893,340Liabilities 2010: $951,145Net Assets 2010: $3,942,1952010Assets 2011: $5,892,372Liabilities 2011: $1,072,497Net Assets 2011: $4,819,8752011Assets 2012: $5,621,317Liabilities 2012: $660,828Net Assets 2012: $4,960,4892012Assets 2013: $6,160,442Liabilities 2013: $696,487Net Assets 2013: $5,463,9552013Assets 2014: $7,005,658Liabilities 2014: $527,560Net Assets 2014: $6,478,0982014Assets 2015: $7,234,293Liabilities 2015: $504,758Net Assets 2015: $6,729,5352015Assets 2016: $8,468,126Liabilities 2016: $425,990Net Assets 2016: $8,042,1362016Assets 2017: $10,411,923Liabilities 2017: $393,524Net Assets 2017: $10,018,3992017Assets 2018: $10,486,002Liabilities 2018: $306,856Net Assets 2018: $10,179,1462018Assets 2019: $11,400,156Liabilities 2019: $234,472Net Assets 2019: $11,165,6842019Assets 2020: $11,811,264Liabilities 2020: $249,213Net Assets 2020: $11,562,0512020Assets 2021: $18,215,222Liabilities 2021: $276,540Net Assets 2021: $17,938,6822021Assets 2022: $16,430,810Liabilities 2022: $318,008Net Assets 2022: $16,112,8022022Assets 2023: $18,693,573Liabilities 2023: $326,218Net Assets 2023: $18,367,3552023Assets 2024: $21,806,518Liabilities 2024: $314,860Net Assets 2024: $21,491,6582024

Highlighted filing

2016

Assets$8,468,126
Liabilities$425,990
Net Assets$8,042,136
Open 2016 Filing

Operations Trend

Revenue Growth36th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,417,6862010Revenue 2011: $915,029Expenses 2011: $690,619Net Income 2011: $224,4102011Expenses 2012: $621,7962012Revenue 2013: $745,204Expenses 2013: $766,452Net Income 2013: -$21,2482013Revenue 2014: $764,437Expenses 2014: $636,346Net Income 2014: $128,0912014Revenue 2015: $2,412,736Expenses 2015: $657,919Net Income 2015: $1,754,8172015Revenue 2016: $2,374,994Expenses 2016: $976,657Net Income 2016: $1,398,3372016Revenue 2017: $2,624,420Expenses 2017: $1,299,368Net Income 2017: $1,325,0522017Revenue 2018: $1,679,154Expenses 2018: $1,970,501Net Income 2018: -$291,3472018Revenue 2019: $1,645,306Expenses 2019: $1,025,769Net Income 2019: $619,5372019Revenue 2020: $1,288,350Expenses 2020: $853,937Net Income 2020: $434,4132020Revenue 2021: $4,228,113Expenses 2021: $848,108Net Income 2021: $3,380,0052021Revenue 2022: $2,142,459Expenses 2022: $1,179,862Net Income 2022: $962,5972022Revenue 2023: $2,361,466Expenses 2023: $1,402,589Net Income 2023: $958,8772023Revenue 2024: $3,515,390Expenses 2024: $1,665,213Net Income 2024: $1,850,1772024

Highlighted filing

2016

Revenue$2,374,994
Expenses$976,657
Net Income$1,398,337
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 3, 2017
Return Version
2015v3.0
Gross Receipts
$3,515,052
Mission and Program Overview

Mission

The foundation is charged with receiving donations, investing, and making expenditures exclusively for the benefit of westfield state university, and particularly both to provide scholarships and to sponsor educational activities.

To support westfield state university through active fund-raising and advocacy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,398,482$6,192,514▼ $205,968
Pledges and Grants Receivable$177,810$1,555,036▲ $1,377,226
Land, Buildings, and Equipment, Net$499,855$493,302▼ $6,553
Cash and Non-Interest-Bearing Accounts$130,156$192,565▲ $62,409
Savings and Temporary Cash Investments$19,068$19,078▲ $10
Prepaid Expenses and Deferred Charges$8,922$15,631▲ $6,709
Total Assets$7,234,293$8,468,126▲ $1,233,833
Liabilities
Other Liabilities$225,712$223,486▼ $2,226
Mortgage Notes Payable Secured by Investment Property$247,200$189,600▼ $57,600
Accounts Payable and Accrued Expenses$30,846$11,904▼ $18,942
Deferred Revenue$1,000$1,000→ $0
Total Liabilities$504,758$425,990▼ $78,768
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,193,253$3,966,358▲ $773,105
Permanently Rstr Net Assets$3,276,788$3,828,541▲ $551,753
Unrestricted Net Assets$259,494$247,237▼ $12,257
Total Net Assets Fund Balance$6,729,535$8,042,136▲ $1,312,601
Total Liabilities and Net Assets / Fund Balance$7,234,293$8,468,126▲ $1,233,833

Asset Categories

AssetBook ValueDepreciationBasis
Land$360,877-$360,877
Buildings$105,072$127,455$232,527
Equipment$27,353$39,246$66,599

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$5,006,337$67,035▲ $24,250$261,854$4,835,768
2014$5,018,472$71,490▲ $142,235$225,860$5,006,337
2013$4,262,336$54,024▲ $832,253$130,141$5,018,472
2012$3,775,859$78,345▲ $546,733$138,601$4,262,336
2011$3,731,143$114,213▲ $35,206$104,703$3,775,859
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleOtherTotal
Vanessa Holford DianaDirector$122,386$122,386

Board Members and Trustees

NameTitle
John TorroneChair
Robin JensenPast Chair
James Leahy1st Vice Chair
Andrew Oleksak2nd Vice Chair
Brandon TraffordDirector
Edward MarthDirector
Eileen Swan RockwalDirector
George FlevotomosDirector
James HuffmireDirector
John DaviesDirector
Joseph PellegrinoDirector
Kevin QueeninDirector
Mark LambertDirector
Patricia ConantDirector
Robert PiperDirector
Sharon CzarneckiDirector
Sheridan CareyDirector
Mike KnapikExecutive Director
Andrew MelendezClerk
Roland JoyalTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,140,912
Program Service Revenue
$0
Investment Income
$118,790
Other Revenue
$115,292
All Other Contributions
$2,140,912
Change in Net Assets
$1,398,337

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,360,980
Revenue Not Reported on Financial Statements
$14,014
Revenue Not Reported on Form 990
$93,039
Total Revenue per Audited Statements
$2,454,019
Total Revenue per Form 990
$2,374,994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$741,278
Other Expenses$235,379
Total Fundraising Expense$57,127
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$552,644--$552,644
Grants to Domestic Individuals$188,634--$188,634
Fees for Services Accounting-$46,333-$46,333
Advertising-$20,548-$20,548
Occupancy-$19,400-$19,400
Depreciation Depletion-$19,269-$19,269
Office Expenses-$14,444-$14,444
Fees for Service Investment Mgmnt Fees-$14,014-$14,014
Insurance-$7,908-$7,908
Interest-$7,769-$7,769
Fees for Services Other-$7,500-$7,500
Conferences and Meetings-$4,708-$4,708
Fees for Services Legal-$2,850-$2,850
Other Expenses-$2,330$56,292$2,330
All Other Expenses--$835$835
Total Functional Expenses$741,278$178,252$57,127$976,657

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,141,418
Total Expenses per Form 990$976,657
Expenses per Audited Statements$962,643
Expenses Not Reported on Form 990$178,775
Expenses Not Reported on Financial Statements$14,014
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Westfield State UniversityWestfield, MASection 115On-behalf Payments to Westfield State University.$552,644
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$92,975
Fundraising Direct Expenses$68,775
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$43,594$43,594$2,880$40,714
Class Reunions$11,938$11,938$937$11,001
Total Events$92,975$92,975$68,775$24,200
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Funds Held$223,486
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“A copy of the form 990 is made available to the board of directors by management.”

Form 990, Part VI, Section B, Line 12C

“If there is a potential conflict of interest, the governing board will investigate the matter, afford the person(s) with the potential conflict of interest to explain the situation, and then determine if action is necessary.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public by request.”

Filing and Contact Details

Filer

Filer Name
Westfield State Foundation Inc
EIN
04-2701694
Phone
4134857363
Address
2 BROAD STREET PO BOX 1630, WESTFIELD, MA 01086-1630

Signing Officer

Name
Sharon Czarnecki
Title
Treasurer
Phone
4134857363
Signed
2017-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erica Broman
Formed
1980
Legal Domicile
Ma
Voting Board Members
20
Independent Board Members
18
Employees
0
Volunteers
107

Preparer

Firm
O'CONNOR & DREW PC
Address
25 BRAINTREE HILL OFFICE PARK SUITE, 102, BRAINTREE, MA 02184
Preparer
David a Diiulis
Phone
6174711120
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2 C

“The organization's financial statement oversight process and selection of the the independent accountant process has not changed during the year.”

Financial Statement Notes

PART V, LINE 4:

“Endowment funds held by the westfield state foundation, inc. Are largely restricted to scholarships, with a small percentage for the use of the foundation.”

PART X, LINE 2:

“Generally accepted accounting principles practiced in the united states of america require an entity to assess the probability that a tax position has a "more likely than not" (mltn) 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. As a not-for-profit entity exempt for income taxes, the foundation may, however, be subject to tax on unrelated business income.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expense 68,775.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expense 68,775.”

Raw XML AppendixShowing 400 of 706 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt030846
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt011904
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SUPPORT WESTFIELD STATE UNIVERSITY THROUGH ACTIVE FUND-RAISING AND ADVOCACY.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt020548
IRS990/AdvertisingGrp/TotalAmt020548
IRS990/AllOtherContributionsAmt02140912
IRS990/AllOtherExpensesGrp/FundraisingAmt0835
IRS990/AllOtherExpensesGrp/TotalAmt0835
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0ERICA BROMAN
IRS990/BooksInCareOfDetail/PhoneNum04134857363
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02 BROAD STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0WESTFIELD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001085
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0130156
IRS990/CashNonInterestBearingGrp/EOYAmt0192565
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt04708
IRS990/ConferencesMeetingsGrp/TotalAmt04708
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02140912
IRS990/CYGrantsAndSimilarPaidAmt0741278
IRS990/CYInvestmentIncomeAmt0118790
IRS990/CYOtherExpensesAmt0235379
IRS990/CYOtherRevenueAmt0115292
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01398337
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0976657
IRS990/CYTotalFundraisingExpenseAmt057127
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02374994
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01000
IRS990/DeferredRevenueGrp/EOYAmt01000
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt019269
IRS990/DepreciationDepletionGrp/TotalAmt019269
IRS990/Desc0STUDENT SCHOLARSHIPS- SCHOLARSHIPS GIVEN TO OVER 190 WESTFIELD STATE UNIVERSITY STUDENT FOR FALL AND SPRING SEMESTERS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0188634
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt046333
IRS990/FeesForServicesAccountingGrp/TotalAmt046333
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02850
IRS990/FeesForServicesLegalGrp/TotalAmt02850
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt07500
IRS990/FeesForServicesOtherGrp/TotalAmt07500
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt014014
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt014014
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt039.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt139.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt230.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1810.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt191.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt201.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt339217
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt531837
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1842181
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/PersonNm0SHERIDAN CAREY
IRS990/Form990PartVIISectionAGrp/PersonNm1SHARON CZARNECKI
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN DAVIES
IRS990/Form990PartVIISectionAGrp/PersonNm3PATRICIA CONANT
IRS990/Form990PartVIISectionAGrp/PersonNm4GEORGE FLEVOTOMOS
IRS990/Form990PartVIISectionAGrp/PersonNm5VANESSA HOLFORD DIANA
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMES HUFFMIRE
IRS990/Form990PartVIISectionAGrp/PersonNm7MARK LAMBERT
IRS990/Form990PartVIISectionAGrp/PersonNm8JAMES LEAHY
IRS990/Form990PartVIISectionAGrp/PersonNm9ANDREW OLEKSAK
IRS990/Form990PartVIISectionAGrp/PersonNm10JOSEPH PELLEGRINO
IRS990/Form990PartVIISectionAGrp/PersonNm11ROBERT PIPER
IRS990/Form990PartVIISectionAGrp/PersonNm12KEVIN QUEENIN
IRS990/Form990PartVIISectionAGrp/PersonNm13EILEEN SWAN ROCKWAL
IRS990/Form990PartVIISectionAGrp/PersonNm14JOHN TORRONE
IRS990/Form990PartVIISectionAGrp/PersonNm15ROLAND JOYAL
IRS990/Form990PartVIISectionAGrp/PersonNm16ANDREW MELENDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm17ROBIN JENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm18MIKE KNAPIK
IRS990/Form990PartVIISectionAGrp/PersonNm19EDWARD MARTH
IRS990/Form990PartVIISectionAGrp/PersonNm20BRANDON TRAFFORD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3127243
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt590549
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt18119967
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt81ST VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt92ND VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt15TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt16CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt17PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt068775
IRS990/FundraisingGrossIncomeAmt092975
IRS990/GainOrLossGrp/SecuritiesAmt0-23717
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantAmt0188634
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0188634
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0188634
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0552644
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0552644
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01047566
IRS990/GrossReceiptsAmt03515052
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt07908
IRS990/InsuranceGrp/TotalAmt07908
IRS990/InterestGrp/ManagementAndGeneralAmt07769
IRS990/InterestGrp/TotalAmt07769
IRS990/InvestmentIncomeGrp/ExclusionAmt0142507
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0142507
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06398482
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06192514
IRS990/IRPDocumentCnt029
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0166701
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0499855
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0493302
IRS990/LandBldgEquipCostOrOtherBssAmt0660003
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01071283
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION IS CHARGED WITH RECEIVING DONATIONS, INVESTING, AND MAKING EXPENDITURES EXCLUSIVELY FOR THE BENEFIT OF WESTFIELD STATE UNIVERSITY, AND PARTICULARLY BOTH TO PROVIDE SCHOLARSHIPS AND TO SPONSOR EDUCATIONAL ACTIVITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0247200
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0189600
IRS990/NetAssetsOrFundBalancesBOYAmt06729535
IRS990/NetAssetsOrFundBalancesEOYAmt08042136
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-23717
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-23717
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt024200
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt024200
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-85736
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt019400
IRS990/OccupancyGrp/TotalAmt019400
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014444
IRS990/OfficeExpensesGrp/TotalAmt014444
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt056292
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08142
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13037
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22330
IRS990/OtherExpensesGrp/TotalAmt056292
IRS990/OtherExpensesGrp/TotalAmt18142
IRS990/OtherExpensesGrp/TotalAmt23037
IRS990/OtherExpensesGrp/TotalAmt32330
IRS990/OtherLiabilitiesGrp/BOYAmt0225712
IRS990/OtherLiabilitiesGrp/EOYAmt0223486
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt018025
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt018025
IRS990/OtherRevenueTotalAmt018025
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03276788
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03828541
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0177810
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01555036
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08922
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015631
IRS990/PrincipalOfficerNm0ERICA BROMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0ON-BEHALF PAYMENTS TO WESTFIELD STATE UNIVERSITY AND GRANTS TO VARIOUS DEPARTMENTS FOR ACADEMIC PROJECTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0552644
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0552644
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0591684
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0461360
IRS990/PYInvestmentIncomeAmt01700629
IRS990/PYOtherExpensesAmt0196559
IRS990/PYOtherRevenueAmt0120423
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01754817
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0657919
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02412736
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01398337
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt073067
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt073067
IRS990/SavingsAndTempCashInvstGrp/BOYAmt019068
IRS990/SavingsAndTempCashInvstGrp/EOYAmt019078
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02140912
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0591684
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0533128
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0528081
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0463228
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04257033
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0110000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0194000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0304000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0142507
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0135794
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0132915
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0141660
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0167954
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0720830
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0364839
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt091092
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0104414
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt065980
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt072540
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt068912
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0402938
IRS990ScheduleA/PublicSupportCY170Pct00.80230
IRS990ScheduleA/PublicSupportPY170Pct00.71460
IRS990ScheduleA/PublicSupportTotal170Amt04561033

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,468,126
Liabilities
$425,990
Net assets
$8,042,136
Revenue
$2,374,994
Expenses
$976,657
Net income
$1,398,337
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.8$0.31$21.5$3.52$1.67$1.85
2023Detailed filing. Detailed filing data is available for this year.$18.7$0.33$18.4$2.36$1.40$0.96
2022Detailed filing. Detailed filing data is available for this year.$16.4$0.32$16.1$2.14$1.18$0.96
2021Detailed filing. Detailed filing data is available for this year.$18.2$0.28$17.9$4.23$0.85$3.38
2020Detailed filing. Detailed filing data is available for this year.$11.8$0.25$11.6$1.29$0.85$0.43
2019Detailed filing. Detailed filing data is available for this year.$11.4$0.23$11.2$1.65$1.03$0.62
2018Detailed filing. Detailed filing data is available for this year.$10.5$0.31$10.2$1.68$1.97$0.29
2017Summary only. Only limited summary data is available for this year.$10.4$0.39$10.0$2.62$1.30$1.33
2016Detailed filing. Detailed filing data is available for this year.$8.47$0.43$8.04$2.37$0.98$1.40
2015Detailed filing. Detailed filing data is available for this year.$7.23$0.50$6.73$2.41$0.66$1.75
2014Detailed filing. Detailed filing data is available for this year.$7.01$0.53$6.48$0.76$0.64$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.16$0.70$5.46$0.75$0.77$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.62$0.66$4.96$0.62
2011Summary only. Only limited summary data is available for this year.$5.89$1.07$4.82$0.92$0.69$0.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.89$0.95$3.94$1.42