Civic Intelligence

Westfield Technical Academy Foundation Inc.

990EZ • Fiscal year 2016 • EIN 47-4528117

Jan 01, 2016 to Dec 31, 2016 • Filed on May 09, 2017

30 Court Street Suite 6Westfield, MA 01085

(413) 564-6942

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

Net Margin

55th percentile

5.2%

Higher net margin than 55% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

76th percentile

26%

Faster asset growth than 76% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

98th percentile

408%

Faster revenue growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$3,786

Up $786 (+26%) from 2015

Net Assets

Up

$3,786

Up $786 (+26%) from 2015

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$15,240

Up $12,240 (+408%) from 2015

Expenses

$14,454

No earlier filing loaded for comparison.

Net Income

$786

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2015: $3,000Net Assets 2015: $3,0002015Assets 2016: $3,786Net Assets 2016: $3,7862016Assets 2017: $4,940Net Assets 2017: $4,9402017Assets 2018: $4,994Net Assets 2018: $4,9942018Assets 2019: $3,934Net Assets 2019: $3,9342019Assets 2020: $3,063Liabilities 2020: $300Net Assets 2020: $2,7632020Assets 2021: $111Net Assets 2021: $1112021Assets 2022: $586,349Liabilities 2022: $185,012Net Assets 2022: $401,3372022Assets 2023: $553,828Liabilities 2023: $336,933Net Assets 2023: $216,8952023Assets 2024: $384,013Liabilities 2024: $0Net Assets 2024: $384,0132024

Highlighted filing

2016

Assets$3,786
Liabilities-
Net Assets$3,786

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $3,0002015Revenue 2016: $15,240Expenses 2016: $14,454Net Income 2016: $7862016Revenue 2017: $7,390Expenses 2017: $6,236Net Income 2017: $1,1542017Revenue 2018: $8,500Expenses 2018: $8,446Net Income 2018: $542018Revenue 2019: $3,500Expenses 2019: $4,560Net Income 2019: -$1,0602019Revenue 2020: $3,500Expenses 2020: $4,671Net Income 2020: -$1,1712020Expenses 2021: $2,9522021Revenue 2022: $405,552Expenses 2022: $4,326Net Income 2022: $401,2262022Revenue 2023: $27,426Expenses 2023: $211,757Net Income 2023: -$184,3312023Revenue 2024: $237,552Expenses 2024: $70,434Net Income 2024: $167,1182024

Highlighted filing

2016

Revenue$15,240
Expenses$14,454
Net Income$786
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 9, 2017
Return Version
2016v3.0
Gross Receipts
$15,240
Mission and Program Overview

Mission

To encourage, foster, teach, engage and provide opportunities, specifically in areas of technical education, and to provide assistance, financial or otherwise, at the local, state, national or international levels in the promotion of such technical education.

Program Services

DescriptionGrantsExpenses
TO ENCOURAGE, FOSTER, TEACH, ENGAGE AND PROVIDE OPPORTUNITIES, SPECIFICALLY IN AREAS OF TECHNICAL EDUCATION, AND TO PROVIDE ASSISTANCE, FINANCIAL OR OTHERWISE, AT THE LOCAL, STATE, NATIONAL OR INTERNATIONAL LEVELS IN THE PROMOTION OF SUCH TECHNICAL EDUCATION.$5,019$13,479
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID L HALASI-KUNPresident-$0--
JOHN P LIPTAKTreasurer-$0--
RICHARD A SYPEKClerk-$0--
JOHN M BURKEDirector-$0--
ERIC D HAGOPIANDirector-$0--
EDWARD WATSONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Westfield Technical Academy
EIN
47-4528117
Phone
4135646942
Address
30 COURT STREET SUITE 6, WESTFIELD, MA 01085

Signing Officer

Name
David L Halasi-kun
Title
President
Phone
4135646942
Signed
2017-05-09
Discuss with paid preparer
Yes

Preparer

Firm
John P Liptak CPA Pc
Address
30 COURT ST SUITE 6, WESTFIELD, MA 01085
Preparer
John P Liptak CPA Mst
Phone
4135680979
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office expense 178 travel 512 conference/convention 420 social events 7,528 irs registration fees 400 ma registration fees 100 ma form pc 35 bank fees 12 total 9,185

Form 990-ez, Part III

To encourage, foster, teach, engage and provide opportunities, specifically in areas of technical education, and to provide assistance, financial or otherwise, at the local, state, national or international levels in the promotion of such technical education.

Form 990-ez, Part III, Line 28

To encourage, foster, teach, engage and provide opportunities, specifically in areas of technical education, and to provide assistance, financial or otherwise, at the local, state, national or international levels in the promotion of such technical education.

Raw XML Appendix131 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSE 178 TRAVEL 512 CONFERENCE/CONVENTION 420 SOCIAL EVENTS 7,528 IRS REGISTRATION FEES 400 MA REGISTRATION FEES 100 MA FORM PC 35 BANK FEES 12 TOTAL 9,185
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO ENCOURAGE, FOSTER, TEACH, ENGAGE AND PROVIDE OPPORTUNITIES, SPECIFICALLY IN AREAS OF TECHNICAL EDUCATION, AND TO PROVIDE ASSISTANCE, FINANCIAL OR OTHERWISE, AT THE LOCAL, STATE, NATIONAL OR INTERNATIONAL LEVELS IN THE PROMOTION OF SUCH TECHNICAL EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO ENCOURAGE, FOSTER, TEACH, ENGAGE AND PROVIDE OPPORTUNITIES, SPECIFICALLY IN AREAS OF TECHNICAL EDUCATION, AND TO PROVIDE ASSISTANCE, FINANCIAL OR OTHERWISE, AT THE LOCAL, STATE, NATIONAL OR INTERNATIONAL LEVELS IN THE PROMOTION OF SUCH TECHNICAL EDUCATION.
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ReturnHeader/ReturnTs02017-05-15T09:14:06-04:00
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ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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Filings