Civic Intelligence

Westfield Technical Academy Foundation Inc.

990EZ • Fiscal year 2020 • EIN 47-4528117

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 27, 2021

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

75th percentile

0.10x

Higher debt load relative to assets than 75% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.09x

Higher debt load relative to revenue than 75% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

16th percentile

-33%

Higher net margin than 16% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

18th percentile

-22%

Faster asset growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

64th percentile

0.0%

Faster revenue growth than 64% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$3,063

Down $871 (-22%) from 2019

Net Assets

Down

$2,763

Down $1,171 (-30%) from 2019

Liabilities

$300

No earlier filing loaded for comparison.

Revenue

Flat

$3,500

Flat from 2019

Expenses

Up

$4,671

Up $111 (+2.4%) from 2019

Net Income

Down

-$1,171

Down $111 (-10%) from 2019

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

2020

Assets$3,063
Liabilities$300
Net Assets$2,763

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

2020

Revenue$3,500
Expenses$4,671
Net Income-$1,171
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 27, 2021
Return Version
2020v4.0
Gross Receipts
$3,500
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.$4,371$4,371
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, As-$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
Edward Watson
Title
Director, Asst Clerk
Phone
4135646942
Signed
2021-04-27
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

Form 990-ez, Part II, Line 26

Loan from ed watson 0 300

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 Appendix142 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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CompensationExplanation/CompensationExplanationGrp/PersonNm1JOHN P LIPTAK
CompensationExplanation/CompensationExplanationGrp/PersonNm2RICHARD A SYPEK
CompensationExplanation/CompensationExplanationGrp/PersonNm3JOHN M BURKE
CompensationExplanation/CompensationExplanationGrp/PersonNm4ERIC D HAGOPIAN
CompensationExplanation/CompensationExplanationGrp/PersonNm5EDWARD WATSON
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt04371
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LOAN FROM ED WATSON 0 300
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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD WATSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR, ASST CLERK
ReturnHeader/BusinessOfficerGrp/PhoneNum04135646942
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WESTFIELD TECHNICAL ACADEMY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0474528117
ReturnHeader/Filer/PhoneNum04135646942
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN P LIPTAK CPA MST
ReturnHeader/ReturnTs02021-05-14T08:09:50-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EDWARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WATSON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings