2024-04-23T09:53:29-05:00 2023-06-30 222027092 WITHUM SMITH BROWN PC 25 BRAINTREE HILL OFC PK SUITE 102 BRAINTREE MA 02184 990 2022-07-01 042701694 WESTFIELD STATE FOUNDATION INC WEST 4135725489 333 WESTERN AVENUE WESTFIELD MA 01085 LISA MCMAHON INTERIM EXEC. DIRECTOR 4135725489 2024-02-19 1 LISA MCMAHON 999009999 0 RYAN SHEEHAN P03081966 6174711120 2024-02-19 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LISA MCMAHON 333 WESTERN AVENUE WESTFIELD MA 01085 2469325 0 X WESTFIELD.MA.EDU X 1980 MA TO SUPPORT WESTFIELD STATE UNIVERSITY THROUGH ACTIVE FUNDRAISING AND ADVOCACY. 22 21 0 110 0 0 1697055 1946900 0 0 378275 356753 67129 57813 2142459 2361466 1079415 1265224 0 0 0 0 0 0 42636 100447 137365 1179862 1402589 962597 958877 16430810 18693573 318008 326218 16112802 18367355 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. 0 0 844365 844365 STUDENT SCHOLARSHIPS - SCHOLARSHIPS GIVEN TO OVER 350 WESTFIELD STATE UNIVERSITY STUDENTS FOR FALL AND SPRING SEMESTERS. 420859 420859 ON-BEHALF PAYMENTS TO WESTFIELD STATE UNIVERSITY AND GRANTS TO VARIOUS DEPARTMENTS FOR ACADEMIC PROJECTS. 1265224 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 28 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA NH X LISA MCMAHON 4135728645 333 WESTERN AVENUE WESTFIELD MA 01085 GEORGE FLEVOTOMOS CHAIR 1.00 X X 0 0 0 ELIZABETH SCHEIBEL PAST CHAIR 1.00 X X 0 0 0 KEVIN R QUEENIN 1ST VICE CHAIR 1.00 X X 0 0 0 HEATHER WITALISZ 2ND VICE CHAIR 1.00 X X 0 0 0 JAMES KRUPIENSKI TREASURER 1.00 X X 0 0 0 EILEEN S ROCKWAL CLERK 1.00 X X 0 0 0 SHERIDAN F CAREY DIRECTOR 1.00 X 0 0 0 DR JOHN A DEMPSEY DIRECTOR 1.00 36.50 X 0 104050 10333 LAWRENCE GWOZDZ DIRECTOR 1.00 X 0 0 0 JAMES G HUFFMIRE DIRECTOR 1.00 X 0 0 0 JOHN P MORIZIO DIRECTOR 1.00 X 0 0 0 ANDREA M PIANKA DIRECTOR 1.00 X 0 0 0 MELISSA ALVARADO DIRECTOR 1.00 X 0 0 0 JOSHUA CLARK DIRECTOR 1.00 X 0 0 0 DANIEL CURRIER DIRECTOR 1.00 X 0 0 0 ANDREW T OLEKSAK DIRECTOR 1.00 X 0 0 0 SHARON CZARNECKI DIRECTOR 1.00 X 0 0 0 CHELSEA M RUSSELL DIRECTOR 1.00 X 0 0 0 CARLTON PICKRON DIRECTOR 1.00 X 0 0 0 RON J VENO DIRECTOR 1.00 X 0 0 0 ISABELINA RODRIGUEZ DIRECTOR 1.00 X 0 0 0 RALPH STUDLEY DIRECTOR 1.00 X 0 0 0 LISA MCMAHON INTERIM EXECUTIVE DIRECTOR 9.00 28.50 X 0 156228 22759 DR LINDA THOMPSON PRESIDENT OF WSU 1.00 36.50 X 0 316892 14612 0 577170 47704 0 0 1 0 0 75526 431972 1439402 32881 1946900 359456 359456 40282 40282 35785 38488 -2703 -2703 -2703 71402 75526 69371 2031 2031 OTHER INCOME 900099 15500 15500 15500 2361466 0 0 414566 420859 420859 844365 844365 20870 20870 35785 35785 3280 3280 1438 1438 3236 3236 9755 9755 12982 12982 DONOR CULTIVATION 17724 17724 LICENSE FEES 12780 12780 EVENT EXPENSES 9860 9860 BANK FEES 7383 7383 2272 2272 1402589 1265224 94729 42636 1493184 1222934 13766 1029963 239213 150134 16165 32542 660003 262337 407421 397666 14261061 15860334 16430810 18693573 2459 1882 21325 25545 294224 298791 318008 326218 X 533415 608631 15579387 17758724 16112802 18367355 16430810 18693573 958877 1295676 0 X X 0 1 X 1 0 X 1282452 791790 1846378 1689533 1946900 7557053 130000 135000 147000 161000 182000 755000 1412452 926790 1993378 1850533 2128900 8312053 1836771 6475282 306366 314346 174325 434371 399738 1629146 13125 17899 1500 15500 15500 63524 10004723 0.64720 0.69570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11843315 728079 1276528 -837059 13010863 13213677 1295838 -2047326 618874 11843315 7761884 3093484 2667792 309483 13213677 7303394 396403 310207 248120 7761884 6745015 390743 467211 299575 7303394 0.61155 0.38845 0 0 360877 360877 232527 195738 36789 66599 66599 0 397666 AGENCY FUNDS HELD 298791 298791 X 3872728 1295676 182000 69371 1547047 2325681 35785 35785 2361466 1618175 182000 69371 251371 1366804 35785 35785 1402589 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 69,371. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 69,371. GOLF TOURNAMENT 44060 15650 28410 1380 8280 4605 2628 OWL GOLF TOURNAMENT 44977 25150 19827 2000 9480 10110 1344 3 57891 34726 23165 14138 11895 3511 146928 75526 71402 3380 31898 26610 7483 69371 2031 1 WESTFIELD STATE UNIVERSITY 577 WESTERN AVENUE WESTFIELD MA 01085 043062617 SECTION 115 387978 32881 FMV EQUIPMENT TO SUPPORT THE PROGRAMS OF WESTFIELD STATE UNIVERSITY. 1 0 SCHOLARSHIPS 359 844365 FMV PART I, LINE 2: TO SUPPORT THE PROGRAMS OF WESTFIELD STATE UNIVERSITY. 0 0 0 0 0 0 0 0 0 DR LINDA THOMPSON PRESIDENT OF WSU 0 293763 0 0 0 23129 0 0 0 14612 0 331504 0 0 LISA MCMAHON INTERIM EXECUTIVE DIRECTOR 0 156228 0 0 0 0 0 0 0 22759 0 178987 0 0 X EQUIPMENT 5 32881 FMV 0 0 0 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. 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. WESTFIELD STATE UNIVERSITY 577 WESTERN AVENUE WESTFIELD MA 01085 043062617 HIGHER EDUCATION INSTITUTION MA SECTION 115 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 WESTFIELD STATE UNIVERSITY B 420859 COST WESTFIELD STATE UNIVERSITY O 182000 FMV