Civic Intelligence

Westfield State University Foundation Inc.

990 • Fiscal year 2018 • EIN 04-2701694

Jul 01, 2017 to Jun 30, 2018 • Filed on May 16, 2019

Organization ProfileWESTFIELD.MA.EDU/WESTFIELD-STATE-FOUNDATION
333 Western AveWestfield, MA 01085

(413) 572-5489

Siviq Scores

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

Liabilities / Assets

21st percentile

0.03x

Higher debt load relative to assets than 21% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

44th percentile

0.18x

Higher debt load relative to revenue than 44% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

11th percentile

-17%

Higher net margin than 11% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$175,048

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

45th percentile

0.7%

Faster asset growth than 45% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

7th percentile

-36%

Faster revenue growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$10,486,002

Up $74,079 (+0.7%) from 2017

Net Assets

Up

$10,179,146

Up $160,747 (+1.6%) from 2017

Liabilities

Down

$306,856

Down $86,668 (-22%) from 2017

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin11th percentile

Revenue

Down

$1,679,154

Down $945,266 (-36%) from 2017

Expenses

Up

$1,970,501

Up $671,133 (+52%) from 2017

Net Income

Down

-$291,347

Down $1,616,399 (-122%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth45th 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

2018

Assets$10,486,002
Liabilities$306,856
Net Assets$10,179,146
Open 2018 Filing

Operations Trend

Revenue Growth7th 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

2018

Revenue$1,679,154
Expenses$1,970,501
Net Income-$291,347
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 16, 2019
Return Version
2017v2.3
Gross Receipts
$1,769,145
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$7,142,445$9,274,245▲ $2,131,800
Pledges and Grants Receivable$2,228,819$586,696▼ $1,642,123
Land, Buildings, and Equipment, Net$474,034$454,765▼ $19,269
Cash and Non-Interest-Bearing Accounts$533,464$155,064▼ $378,400
Savings and Temporary Cash Investments$13,729$13,739▲ $10
Prepaid Expenses and Deferred Charges$19,432$1,493▼ $17,939
Total Assets$10,411,923$10,486,002▲ $74,079
Liabilities
Other Liabilities$212,388$230,332▲ $17,944
Mortgage Notes Payable Secured by Investment Property$132,000$64,800▼ $67,200
Accounts Payable and Accrued Expenses$31,140$7,424▼ $23,716
Deferred Revenue$17,996$4,300▼ $13,696
Total Liabilities$393,524$306,856▼ $86,668
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,746,034$5,407,669▼ $338,365
Permanently Rstr Net Assets$4,022,617$4,478,483▲ $455,866
Unrestricted Net Assets$249,748$292,994▲ $43,246
Total Net Assets Fund Balance$10,018,399$10,179,146▲ $160,747
Total Liabilities and Net Assets / Fund Balance$10,411,923$10,486,002▲ $74,079

Asset Categories

AssetBook ValueDepreciationBasis
Land$360,877-$360,877
Buildings$85,563$146,964$232,527
Equipment$8,325$58,274$66,599

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$5,507,056$972,587▲ $503,943$238,571$6,745,015
2016$4,835,768$207,051▲ $627,284$163,047$5,507,056
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
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleOtherTotal
Vanessa Holford DianaDirector$96,820$96,820

Board Members and Trustees

NameTitle
James M LeahyChair
John J TorronePast Chair
Andrew T OleksakVice Chair
Andrea M PiankaDirector
Eileen S RockwalDirector
Elizabeth D ScheibelDirector
Glen J MckennaDirector
James G HuffmireDirector
James KrupienskiDirector
James VelisDirector
John B DaviesDirector
John P MorizioDirector
Joseph a PellegrinoDirector
Kevin R QueeninDirector
Marcus a DibaccoDirector
Mark a LambertDirector
Melissa a AlvaradoDirector
Nancy DalyDirector
Robert D PiperDirector
Robert J MaharDirector
Sheridan F CareyDirector
Timothy P AlbenDirector
Erica BromanExec. Director
George FlevotomosClerk
Sharon M CzarneckiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,222,953
Program Service Revenue
$0
Investment Income
$202,855
Other Revenue
$253,346
All Other Contributions
$1,214,233
Change in Net Assets
$-291,347

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,656,016
Revenue Not Reported on Financial Statements
$23,138
Revenue Not Reported on Form 990
$640,700
Total Revenue per Audited Statements
$2,296,716
Total Revenue per Form 990
$1,679,154
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,832,978
Other Expenses$137,523
Total Fundraising Expense$34,650
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,587,721--$1,587,721
Grants to Domestic Individuals$245,257--$245,257
Fees for Service Investment Mgmnt Fees-$23,138-$23,138
Fees for Services Accounting-$21,265-$21,265
Depreciation Depletion-$19,269-$19,269
Advertising-$10,200-$10,200
Other Expenses-$8,065$34,650$8,065
Fees for Services Legal-$5,590-$5,590
Insurance-$5,059-$5,059
Conferences and Meetings-$4,306-$4,306
Interest-$3,743-$3,743
Office Expenses-$2,238-$2,238
Total Functional Expenses$1,832,978$102,873$34,650$1,970,501

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,135,969
Total Expenses per Form 990$1,970,501
Expenses per Audited Statements$1,947,363
Expenses Not Reported on Form 990$188,606
Expenses Not Reported on Financial Statements$23,138
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Westfield State UniversityWestfield, MASection 115On-behalf Payments to Westfield State University.$1,587,721
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$243,416
Fundraising Direct Expenses$66,606
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$99,135$90,415-$90,415
Golf Tournament$61,411$61,411$3,551$57,860
Total Events$252,136$243,416$66,606$176,810
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$230,332
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 11B

“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
4135725489
Address
333 WESTERN AVE, WESTFIELD, MA 01085

Signing Officer

Name
Sharon Czarnecki
Title
Treasurer
Phone
4135725489
Signed
2019-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erica Broman
Formed
1980
Legal Domicile
Ma
Voting Board Members
25
Independent Board Members
24
Employees
0
Volunteers
98

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 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 66,606.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expense 66,606.”

Raw XML AppendixShowing 400 of 716 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm19ANDREA M PIANKA
IRS990/Form990PartVIISectionAGrp/PersonNm20ROBERT D PIPER
IRS990/Form990PartVIISectionAGrp/PersonNm21KEVIN R QUEENIN
IRS990/Form990PartVIISectionAGrp/PersonNm22EILEEN S ROCKWAL
IRS990/Form990PartVIISectionAGrp/PersonNm23ELIZABETH D SCHEIBEL
IRS990/Form990PartVIISectionAGrp/PersonNm24JAMES VELIS
IRS990/Form990PartVIISectionAGrp/PersonNm25ERICA BROMAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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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/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt25153233
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25EXEC. DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt08720
IRS990/FundraisingDirectExpensesAmt066606
IRS990/FundraisingGrossIncomeAmt0243416
IRS990/GainOrLossGrp/SecuritiesAmt0-247
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt025
IRS990/GrantAmt0245257
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0245257
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0245257
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01587721
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01587721
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt023138
IRS990/GrossReceiptsAmt01769145
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt05059
IRS990/InsuranceGrp/TotalAmt05059
IRS990/InterestGrp/ManagementAndGeneralAmt03743
IRS990/InterestGrp/TotalAmt03743
IRS990/InvestmentIncomeGrp/ExclusionAmt0203102
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0203102
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07142445
IRS990/InvestmentsPubTradedSecGrp/EOYAmt09274245
IRS990/IRPDocumentCnt034
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0205238
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0474034
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0454765
IRS990/LandBldgEquipCostOrOtherBssAmt0660003
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt023385
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/BOYAmt0132000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt064800
IRS990/NetAssetsOrFundBalancesBOYAmt010018399
IRS990/NetAssetsOrFundBalancesEOYAmt010179146
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-247
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-247
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0176810
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0176810
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0452094
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02238
IRS990/OfficeExpensesGrp/TotalAmt02238
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/FundraisingAmt034650
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08065
IRS990/OtherExpensesGrp/TotalAmt034650
IRS990/OtherExpensesGrp/TotalAmt18065
IRS990/OtherLiabilitiesGrp/BOYAmt0212388
IRS990/OtherLiabilitiesGrp/EOYAmt0230332
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt010909
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010909
IRS990/OtherRevenueTotalAmt010909
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt04022617
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt04478483
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02228819
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0586696
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019432
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01493
IRS990/PrincipalOfficerNm0ERICA BROMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0ON-BEHALF PAYMENTS TO WESTFIELD STATE UNIVERSITY AND GRANTS TO VARIOUS DEPARTMENTS FOR ACADEMIC PROJECTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01587721
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01587721
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02315659
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01114575
IRS990/PYInvestmentIncomeAmt0158024
IRS990/PYOtherExpensesAmt0184793
IRS990/PYOtherRevenueAmt0150737
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01325052
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01299368
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02624420
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-291347
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt065627
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt065627
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013729
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013739
IRS990ScheduleA/CollegeOrganizationInd0X

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,486,002
Liabilities
$306,856
Net assets
$10,179,146
Revenue
$1,679,154
Expenses
$1,970,501
Net income
-$291,347
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