Overview
What is Westfield State Foundation Inc?
Westfield State Foundation Inc, located at 333 Western Avenue, Westfield, Massachusetts 01085, is a dedicated nonprofit organization that primarily focuses on supporting Westfield State University through active fundraising and advocacy. It fulfills its mission by receiving donations, investing them, and making expenditures solely for the benefit of the university. One of its significant activities is providing scholarships to over 260 students during the fall and spring semesters, thereby contributing to the educational opportunities available at Westfield State University.
Official website here: www.westfield.ma.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
Westfield State Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, highlighting its strong commitment to accountability and finance. The organization demonstrates an exemplary financial health with a program expense ratio of over 90%, indicating that the vast majority of its expenses are directed towards its mission rather than administrative costs. Additionally, its liabilities to assets ratio is exceptionally low at 1.74%, reflecting sound fiscal management.
The foundation benefits from a governance structure that features a high percentage of independent board members, which contributes to its transparency and decision-making integrity. It has also implemented crucial policies, including conflict of interest and whistleblower policies, and maintains thorough audit and oversight practices. The organization’s website is well-documented and accessible, enhancing its transparency to the public.
There are no notable limitations or concerns raised by the ratings data, as the foundation consistently meets high standards across various metrics. Overall, Westfield State Foundation Inc stands out as a responsible and effective nonprofit, making significant strides in supporting its mission through prudent financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Westfield State Foundation Inc legitimate?
Westfield State Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westfield State Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.westfield.ma.edu
What is the mission statement of Westfield State Foundation Inc?
Westfield State Foundation Inc's mission is centered around supporting Westfield State University. The foundation actively raises funds and advocates on its behalf. Its primary role involves receiving donations, investing these funds, and making expenditures exclusively for the benefit of the university. The main objectives include providing scholarships to students and sponsoring educational activities. Specifically, the foundation awards scholarships to over 260 Westfield State University students during the fall and spring semesters. In essence, the foundation's mission is to contribute to the university's growth and development, primarily by providing financial aid and supporting educational initiatives.
Official website here: www.westfield.ma.edu
Who is the CEO of Westfield State Foundation Inc?
Lisa Mcmahon is the Past Chair of Westfield State Foundation Inc.
Official website here: www.westfield.ma.edu
What is the revenue of Westfield State Foundation Inc?
Westfield State Foundation Inc's revenue in 2022 was $2,142,459.
Official website here: www.westfield.ma.edu
Who are the executives of Westfield State Foundation Inc and what are their salaries?
There 110 volunteers at Westfield State Foundation Inc.
Here are 29 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $103,734
- Other: $21,460
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $96,121
- Other: $9,780
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $137,968
- Other: $6,000
- Compensation: $0
- Related: $167,783
- Other: $0
- Compensation: $0
- Related: $222,377
- Other: $21,460
Official website here: www.westfield.ma.edu
Where can I find the form 990 for Westfield State Foundation Inc?
Westfield State Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.westfield.ma.edu
Learn more at the official website: www.westfield.ma.edu
Mission Statement of Westfield State Foundation Inc
Westfield State Foundation Inc plays a crucial role in supporting Westfield State University. Its primary mission is to actively seek donations, invest funds, and make expenditures exclusively for the benefit of the university. This nonprofit organization is dedicated to providing scholarships and sponsoring educational activities. It has been successful in offering scholarships to over 260 Westfield State University students during both the fall and spring semesters. By doing so, Westfield State Foundation Inc contributes significantly to the academic pursuits and financial well-being of deserving students, thereby helping to shape the university's future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Westfield State Foundation Inc's impact is profound and direct. Through active fundraising and advocacy efforts, the foundation supports Westfield State University in providing student scholarships. Over 260 Westfield State University students receive scholarships during both the fall and spring semesters, enabling them to pursue their educational goals. By receiving donations, investing strategically, and making exclusive expenditures for the benefit of the university, particularly focusing on scholarships and educational activities, the foundation plays a crucial role in facilitating access to higher education and fostering academic success.
This information is meant to be a general summary of Westfield State Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $378,275
- Gross Receipts: $2,248,058
Assets and Liabilities:
- Total Assets: $16,430,810
- Total Liabilities: $318,008
- Net Assets: $16,112,802
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1980
Phone
(413) 572-5489Principal Officer
Lisa Mcmahon
Main Address
333 WESTERN AVENUE, WESTFIELD, MA, 01085
Website
www.westfield.ma.eduNTEE Category
Code: B42I - Education
If you are a representative of Westfield State Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.