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Nonprofit · EIN 04-2661048

FITCHBURG STATE UNIVERSITY FOUNDATION INC

Tax-exempt · FITCHBURG, MA 01420

Financials

$4.3M$1.5M2022$4.3M$1.8M2023$4.6M$1.8M2024
Revenue Expenses · by fiscal year end
Financials of FITCHBURG STATE UNIVERSITY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$4,622,021$1,812,750$2,809,271$40,088,770$575,917$39,512,853
June 30, 2024990$4,334,913$1,768,699$2,566,214$36,292,559$428,592$35,863,967
June 30, 2023990$4,348,295$1,530,404$2,817,891$31,285,087$383,915$30,901,172
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$2,222,929
of which government grants
$555,555
Program service revenue
$14,255
Investment income
$2,412,370
Net gain from sales of assets
$1,771,772
Net income from fundraising events
-$41,121
Net income from gaming
$13,588
Other revenue
-$27,533

Expenses

Grants and similar amounts paid
$1,365,889
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$12,600
Travel
$8,448
Depreciation
$23,639
Program services (functional)
$1,734,872
Management and general (functional)
$77,878

Balance sheet and other

Total assets, start of year
$36,292,559
Total assets, end of year
$40,088,770
Total liabilities, end of year
$575,917
Net assets, end of year
$39,512,853
Land, buildings and equipment
$419,028
Publicly traded securities
$32,615,604
Net assets without donor restrictions
$3,342,151
Net assets with donor restrictions
$36,170,702
Gross receipts
$11,923,181
Employees
0
Volunteers
63
Year formed
1978
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Jay D BryVP of Finance Administration
Former
10$0$235,659$17,048
Patricia MarshallVP Academic Affairs Provost
Officer
0.2$0$211,967$26,214
Nadimpalli MahadevProfessor
Highest-paid employee
0$0$198,725$37,776
Richard S LapidusPresident
Former
10$0$213,539$14,827
Paul WeizerProfessor
Highest-paid employee
0$0$187,858$30,262
Jeffrey WolfmanVP Advancement
Officer
10$0$178,995$37,776
Laura BaylessVP Student Affairs
Key employee
0$0$173,593$37,776
Charles SidesProfessor
Highest-paid employee
0$0$177,539$30,262
Natalia KourtoninaProfessor
Highest-paid employee
0$0$189,836$17,048
Jessica MurdochVP of HR Payroll
Key employee
0$0$176,815$23,936
Xuzhou ChenProfessor
Highest-paid employee
0$0$182,266$0
Donna HodgePresident
Officer
10$0$145,343$13,663
Nicholas D SmithDirector
Trustee or director
0.2$0$0$0
John T GartenDirector
Trustee or director
0.2$0$0$0
Donata MartinDirector
Trustee or director
0.2$0$0$0
9 more people on this return
NameTitleHours / weekCompensation
Barbara MahoneyDirector
Trustee or director
0.2$0
Lorie MartiskaDirector
Trustee or director
0.2$0
Mary Beth JokelaDirector
Trustee or director
0.2$0
Marc DohanDirector
Trustee or director
0.2$0
Anthony J MercadanteTreasurer Audit Chair
Trustee or director, Officer
0.5$0
John P MahanClerk
Trustee or director, Officer
0.5$0
Anna M ClementiDirector
Trustee or director
0.2$0
Eric GregoireDirector
Trustee or director
0.2$0
Patricia PistoneDirector
Trustee or director
0.2$0
990 for the year ended June 30, 2024: 23 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Richard S LapidusPresident
Officer, Key employee
10$0$273,255$24,148
Nadimpalli MahadevProfessor
Highest-paid employee
0$0$198,657$34,312
Patricia MarshallVP Academic Affairs Provost
Officer, Key employee
0.2$0$197,597$24,148
Jay D BryVP of Finance Administration
Officer, Key employee
10$0$201,371$15,125
Natalia KourtoninaProfessor
Highest-paid employee
0$0$190,649$15,479
Xuzhou ChenProfessor
Highest-paid employee
0$0$205,981$0
Jeffrey WolfmanvP Advancement
Officer, Key employee
10$0$168,487$34,312
Paul WeizerProfessor
Highest-paid employee
0$0$170,137$29,596
Laura BaylessVP Student Affairs
Key employee, Highest-paid employee
0$0$163,388$34,312
Jessica MurdochVP of HR Payroll
Key employee, Highest-paid employee
0$0$158,077$24,148
Nicholas D SmithDirector
Trustee or director
0.2$0$0$0
John T GartenDirector
Trustee or director
0.2$0$0$0
Donata MartinDirector
Trustee or director
0.2$0$0$0
Barbara MahoneyDirector
Trustee or director
0.2$0$0$0
Lorie MartiskaDirector
Trustee or director
0.2$0$0$0
Mark LambertDirector
Trustee or director
0.2$0$0$0
Mary Beth JokelaDirector
Trustee or director
0.2$0$0$0
Marc DohanDirector
Trustee or director
0.2$0$0$0
Anthony J MercadanteTreasurer Audit Chair
Trustee or director, Officer
0.5$0$0$0
John P MahanClerk
Trustee or director, Officer
0.5$0$0$0
Anna M ClementiDirector
Trustee or director
0.2$0$0$0
Eric GregoireDirector
Trustee or director
0.2$0$0$0
Patricia PistoneDirector
Trustee or director
0.2$0$0$0
990 for the year ended June 30, 2023: 23 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Richard S LapidusPresident
Officer, Key employee
10$0$281,087$25,482
Stephen SwartzChief Information Officer
Highest-paid employee, Former
0$0$197,821$25,293
Jay D BryVP of Finance Administration
Officer, Key employee
10$0$204,290$10,870
Margaret HoeyProfessor
Highest-paid employee
0$0$175,998$32,455
Nadimpalli MahadevProfessor
Highest-paid employee
0$0$187,146$20,279
Jeffrey WolfmanvP Advancement
Officer, Key employee
10$0$173,103$32,455
Laura BaylessVP Student Affairs
Key employee, Highest-paid employee
0$0$168,261$32,455
Franca BarricelliAssoc V P Academic Affairs
Highest-paid employee
0$0$168,619$25,222
Paul WeizerProfessor
Highest-paid employee
0$0$159,437$29,250
Catherine CanneyFormer VP Acting Academic Affairs Provost
Key employee, Former
0.2$0$132,005$24,496
Nicholas D SmithDirector
Trustee or director
0.2$0$0$0
Nicholas Dininno JrDirector
Trustee or director
0.2$0$0$0
Donata MartinDirector
Trustee or director
0.2$0$0$0
Dawn MortonDirector
Trustee or director
0.2$0$0$0
Lorie MartiskaDirector
Trustee or director
0.2$0$0$0
Mark LambertDirector
Trustee or director
0.2$0$0$0
Mary Beth JokelaDirector
Trustee or director
0.2$0$0$0
Marc DohanDirector
Trustee or director
0.2$0$0$0
Anthony J MercadanteTreasurer Audit Chair
Trustee or director, Officer
0.5$0$0$0
John P MahanClerk
Trustee or director, Officer
0.5$0$0$0
Anna M ClementiDirector
Trustee or director
0.2$0$0$0
Michael FlorentinoDirector
Trustee or director
0.2$0$0$0
Patricia PistoneDirector
Trustee or director
0.2$0$0$0

Address and contacts

Address (IRS master file)
160 PEARL ST, FITCHBURG, MA 01420-2631
In care of
% DONNA HODGE
Principal officer (990 for 2024)
Donna Hodge, 160 PEARL ST, FITCHBURG, MA 014202631
Signed the 990
Travis Chambers, Chief Financial Officer
Phone
(978) 665-3457

Mission

To support the educational endeavor of Fitchburg State University

990 for the year ended June 30, 2025

Program accomplishments

  • Support the education endeavors of FSU
    Expenses $1,025,296 · grants $1,001,258
  • support of academic departments
    Expenses $650,331 · grants $364,631
  • Alumni Events and Cultural Programs
    Expenses $59,245 · revenue $14,255

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
04-2661048
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Organization supporting a government college or university
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1979
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B42I)
Assets (IRS master file)
$40,088,770
Income (IRS master file)
$11,923,181

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$4,622,021$1,812,750$40,088,770IRS
990June 2024$4,334,913$1,768,699$36,292,559XML
990-TJune 2024–––IRS
990June 2023$4,348,295$1,530,404$31,285,087XML
990-TDecember 2022–––IRS
990June 2022$3,824,038$1,336,245$26,762,004IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2661048).

Questions about FITCHBURG STATE UNIVERSITY FOUNDATION INC

What is the EIN of FITCHBURG STATE UNIVERSITY FOUNDATION INC?
The employer identification number (EIN) of FITCHBURG STATE UNIVERSITY FOUNDATION INC is 04-2661048.
Is FITCHBURG STATE UNIVERSITY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
Are donations to FITCHBURG STATE UNIVERSITY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FITCHBURG STATE UNIVERSITY FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FITCHBURG STATE UNIVERSITY FOUNDATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FITCHBURG STATE UNIVERSITY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of FITCHBURG STATE UNIVERSITY FOUNDATION INC?
The 990 for the year ended June 30, 2025 names Donna Hodge.
Who are the officers and directors of FITCHBURG STATE UNIVERSITY FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 24 people; 0 received compensation from the organization.
How much revenue does FITCHBURG STATE UNIVERSITY FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $4,622,021, expenses of $1,812,750 and total assets of $40,088,770 at year end.

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