Civic Intelligence

Westfield State University Foundation Inc.

990 • Fiscal year 2021 • EIN 04-2701694

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 16, 2022

Organization ProfileWESTFIELD.MA.EDU
333 Western AvenueWestfield, MA 01085

(413) 572-5489

Siviq Scores

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

Liabilities / Assets

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

23rd percentile

0.07x

Higher debt load relative to revenue than 23% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

95th percentile

80%

Higher net margin than 95% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

76th percentile

$271,988

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

91st percentile

54%

Faster asset growth than 91% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

228%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$18,215,222

Up $6,403,958 (+54%) from 2020

Net Assets

Up

$17,938,682

Up $6,376,631 (+55%) from 2020

Liabilities

Up

$276,540

Up $27,327 (+11%) from 2020

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin95th percentile

Revenue

Up

$4,228,113

Up $2,939,763 (+228%) from 2020

Expenses

Down

$848,108

Down $5,829 (-0.7%) from 2020

Net Income

Up

$3,380,005

Up $2,945,592 (+678%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2021

Assets$18,215,222
Liabilities$276,540
Net Assets$17,938,682
Open 2021 Filing

Operations Trend

Revenue Growth95th 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

2021

Revenue$4,228,113
Expenses$848,108
Net Income$3,380,005
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 16, 2022
Return Version
2020v4.2
Gross Receipts
$4,743,063
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 fundraising and advocacy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,738,776$16,607,203▲ $5,868,427
Cash and Non-Interest-Bearing Accounts$322,691$985,688▲ $662,997
Land, Buildings, and Equipment, Net$426,931$417,176▼ $9,755
Pledges and Grants Receivable$300,747$188,922▼ $111,825
Savings and Temporary Cash Investments$13,757$13,763▲ $6
Prepaid Expenses and Deferred Charges$8,362$2,470▼ $5,892
Total Assets$11,811,264$18,215,222▲ $6,403,958
Liabilities
Other Liabilities$228,529$261,762▲ $33,233
Deferred Revenue$17,420$12,660▼ $4,760
Accounts Payable and Accrued Expenses$3,264$2,118▼ $1,146
Total Liabilities$249,213$276,540▲ $27,327
Net Assets / Fund Balance
Net Assets With Donor Restrictions$11,140,141$17,482,536▲ $6,342,395
Net Assets Without Donor Restrictions$421,910$456,146▲ $34,236
Total Net Assets Fund Balance$11,562,051$17,938,682▲ $6,376,631
Total Liabilities and Net Assets / Fund Balance$11,811,264$18,215,222▲ $6,403,958

Asset Categories

AssetBook ValueDepreciationBasis
Land$360,877-$360,877
Buildings$56,299$176,228$232,527
Equipment$0$66,599$66,599

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$7,761,884$3,093,484▲ $2,667,792$309,483$13,213,677
2019$7,303,394$396,403▲ $310,207$248,120$7,761,884
2018$6,745,015$390,743▲ $467,211$299,575$7,303,394
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
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleOtherTotal
Dr John a DempseyDirector$102,335$102,335

Board Members and Trustees

NameTitle
Elizabeth ScheibelChair
Andrew T OleksakPast Chair
George FlevotomosVice Chair
Andrea M PiankaDirector
Dr Linda ThompsonDirector
Dr Robert J MaharDirector
Edward G BoscherDirector
Eileen S RockwalDirector
Heather WitaliszDirector
James G HuffmireDirector
James VelisDirector
John J TorroneDirector
John P MorizioDirector
Joseph CourchesneDirector
Kelson T BurkeDirector
Kevin R QueeninDirector
Lawrence GwozdzDirector
Mark a LambertDirector
Megan BishopDirector
Paul L MancinoneDirector
Sheridan F CareyDirector
Erica BromanExecutive Director
Ramon TorrecilhaFormer Director
Roy SaigoFormer Director
John DaviesClerk
James KrupienskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,898,554
Program Service Revenue
$0
Investment Income
$294,191
Other Revenue
$35,368
All Other Contributions
$3,612,266
Change in Net Assets
$3,380,005

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,203,553
Revenue Not Reported on Financial Statements
$24,560
Revenue Not Reported on Form 990
$3,204,337
Total Revenue per Audited Statements
$7,407,890
Total Revenue per Form 990
$4,228,113
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$751,111
Other Expenses$96,997
Total Fundraising Expense$13,315
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$501,863--$501,863
Grants to Domestic Individuals$249,248--$249,248
Fees for Services Accounting-$25,175-$25,175
Fees for Service Investment Mgmnt Fees-$24,560-$24,560
Depreciation Depletion-$9,755-$9,755
Other Expenses-$6,567$11,220$6,567
Advertising-$6,000-$6,000
Insurance-$5,921-$5,921
Office Expenses-$5,704-$5,704
All Other Expenses--$2,095$2,095
Total Functional Expenses$751,111$83,682$13,315$848,108

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,031,259
Total Expenses per Form 990$848,108
Expenses per Audited Statements$823,548
Expenses Not Reported on Form 990$207,711
Expenses Not Reported on Financial Statements$24,560
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Westfield State UniversityWestfield, MASection 115To Support the Programs of Westfield State University.$501,863
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$60,711
Fundraising Gross Income$32,072
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$47,400$15,095$8,250$6,845
Owl Golf Tournament$23,777$3,695$295$3,400
Total Events$110,643$32,072$60,711$-28,639
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$261,762
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
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 AVENUE, WESTFIELD, MA 01085

Signing Officer

Name
James Krupienski
Title
Treasurer
Phone
4135725489
Signed
2022-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Mcmahon
Formed
1980
Legal Domicile
Ma
Voting Board Members
23
Independent Board Members
22
Employees
0
Volunteers
110

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 2C

“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 foundation are largely restricted to providing student scholarships and support for programs of westfield state university.”

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 60,711.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expense 60,711.”

Raw XML AppendixShowing 400 of 764 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/PersonNm14MARK A LAMBERT
IRS990/Form990PartVIISectionAGrp/PersonNm15DR ROBERT J MAHAR
IRS990/Form990PartVIISectionAGrp/PersonNm16PAUL L MANCINONE
IRS990/Form990PartVIISectionAGrp/PersonNm17JOHN P MORIZIO
IRS990/Form990PartVIISectionAGrp/PersonNm18ANDREA M PIANKA
IRS990/Form990PartVIISectionAGrp/PersonNm19KEVIN R QUEENIN
IRS990/Form990PartVIISectionAGrp/PersonNm20EILEEN S ROCKWAL
IRS990/Form990PartVIISectionAGrp/PersonNm21JOHN J TORRONE
IRS990/Form990PartVIISectionAGrp/PersonNm22JAMES VELIS
IRS990/Form990PartVIISectionAGrp/PersonNm23HEATHER WITALISZ
IRS990/Form990PartVIISectionAGrp/PersonNm24DR LINDA THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm25RAMON TORRECILHA
IRS990/Form990PartVIISectionAGrp/PersonNm26ROY SAIGO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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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/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5175195
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
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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/ReportableCompFromRltdOrgAmt25249878
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt26120331
IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE DIRECTOR
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/TitleTxt25FORMER DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26FORMER DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt078571
IRS990/FundraisingDirectExpensesAmt060711
IRS990/FundraisingGrossIncomeAmt032072
IRS990/GainOrLossGrp/SecuritiesAmt0182373
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GovernmentGrantsAmt0207717
IRS990/GrantAmt0249248
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0249248
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0249248
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0501863
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0501863
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0636612
IRS990/GrossReceiptsAmt04743063
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt022
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt05921
IRS990/InsuranceGrp/TotalAmt05921
IRS990/InvestmentIncomeGrp/ExclusionAmt0111818
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0111818
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt010738776
IRS990/InvestmentsPubTradedSecGrp/EOYAmt016607203
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0242827
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0426931
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0417176
IRS990/LandBldgEquipCostOrOtherBssAmt0660003
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0454239
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/NetAssetsOrFundBalancesBOYAmt011562051
IRS990/NetAssetsOrFundBalancesEOYAmt017938682
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0182373
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0182373
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-28639
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-28639
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02996626
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0421910
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0456146
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05704
IRS990/OfficeExpensesGrp/TotalAmt05704
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LICENSE FEES
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/FundraisingAmt011220
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06567
IRS990/OtherExpensesGrp/TotalAmt011220
IRS990/OtherExpensesGrp/TotalAmt16567
IRS990/OtherLiabilitiesGrp/BOYAmt0228529
IRS990/OtherLiabilitiesGrp/EOYAmt0261762
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01500
IRS990/OtherRevenueTotalAmt01500
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0300747
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0188922
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08362
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02470
IRS990/PrincipalOfficerNm0LISA MCMAHON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0ON-BEHALF PAYMENTS TO WESTFIELD STATE UNIVERSITY AND GRANTS TO VARIOUS DEPARTMENTS FOR ACADEMIC PROJECTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0501863
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0501863
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0791790
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0749939
IRS990/PYInvestmentIncomeAmt0439637
IRS990/PYOtherExpensesAmt0103998
IRS990/PYOtherRevenueAmt056923
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0434413
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0853937
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01288350
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03380005
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,215,222
Liabilities
$276,540
Net assets
$17,938,682
Revenue
$4,228,113
Expenses
$848,108
Net income
$3,380,005
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