Bridgewater Alumni Association Of Bridgewater State College
- Assets
- $6.9m
- Revenue
- $205.6k
- Investments
- $6.8m
- Employees
- 0
- Location
- Bridgewater, MA
- Founding
- 05/1960
- Data as of
- 06/2021
- EIN
- 04-2199546
Organization Overview
Bridgewater Alumni Association Of Bridgewater State College is located in Bridgewater, MA. The organization was established in 1960. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridgewater Alumni Association Of Bridgewater State College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Bridgewater Alumni Association Of Bridgewater State College generated $205.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $104.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS ARE AWARDED SCHOLARSHIPS AND FINANCIAL ASSISTANCE BASED ON ACADEMIC PERFORMANCE.
CONTRIBUTIONS ARE MADE TO BRIDGEWATER STATE UNIVERSITY TO ASSIST THE INSTITUTION IN FUNDING AND PROMOTING AREAS OF EDUCATION AND RESEARCH WHICH DO NOT RECEIVE STATE FUNDING.
RECOGNITION AND HONORIA AWARDS ARE MADE MADE TO FACULTY OF BRIDGEWATER STATE UNIVERSITY AND MEMBERS OF THE ALUMNI AND BRIDGEWATER STATE FOUNDATION COMMUNITY TO PROMOTE THEIR WORK IN AREAS OF EDUCATION AND RESEARCH.
SUPPORT FOR STUDENT SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew J Quimby President | OfficerTrustee | 0.5 | $0 |
Michael J Vieira Secretary | OfficerTrustee | 0.5 | $0 |
Margaret A Caulfield ESQ Alumni Trustee | OfficerTrustee | 0.5 | $0 |
Kevin Costa Treasurer | OfficerTrustee | 0.5 | $0 |
Thomas P Devin Director | Trustee | 0.5 | $0 |
Matthew T Rushton Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,395 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,395 |
| Total Program Service Revenue | $0 |
| Investment income | $61 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $102,123 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,579 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,718 |
| Grants and other assistance to domestic individuals. | $49,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,423 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,083 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $104,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,400 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,031 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,793,395 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,902,826 |
| Accounts payable and accrued expenses | $19,711 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,711 |
| Net assets without donor restrictions | $3,306,428 |
| Net assets with donor restrictions | $3,576,687 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,902,826 |
Grants Awarded
Over the last fiscal year, Bridgewater Alumni Association Of Bridgewater State College has awarded $64,328 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGEWATER STATE UNIVERSITY PURPOSE: SUPPORT OF THE UNIVERSITY THROUGH THE ANNUAL FUND AND OTHER FUNDRAISING ACTIVITIES | $59,328 |
Bridgewater, MA PURPOSE: SUPPORT THE FOUNDATION AND HELP IT ACHIEVE ITS MISSION | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bridgewater Alumni Association Of Bridgewater State College has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $2,000 |
Endowment Analysis
| Beg. Balance | $2,712,225 |
| Earnings | $859,906 |
| Net Contributions | $42,039 |
| Grants | $37,483 |
| Ending Balance | $3,576,687 |