Mansfield University Foundation Inc
- Assets
- $24.9m
- Revenue
- $1.5m
- Investments
- $808.0k
- Employees
- 6
- Location
- Mansfield, PA
- Founding
- 10/1974
- Data as of
- 06/2021
- EIN
- 23-7359440
Organization Overview
Mansfield University Foundation Inc is located in Mansfield, PA. The organization was established in 1974. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Mansfield University Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mansfield University Foundation Inc 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, Mansfield University Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. 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
THE MANSFIELD UNIVERSITY FOUNDATION, INC. (DBA THE MANSFIELD FOUNDATION) SECURES AND PRUDENTLY MANAGES FINANCIAL SUPPORT AND DISTRIBUTES RESOURCES IN ACCORDANCE WITH DONOR INTENT TO PROVIDE FUNDING FOR EDUCATIONAL PROGRAMS, SCHOLARSHIPS AND RESEARCH OPPORTUNITIES IN THE NORTHERN TIER OF PA BENEFITTING MANSFIELD UNIVERSITY'S STUDENTS, FACULTY, ALUMNI AND THE GENERAL MANSFIELD UNIVERSITY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENTS TO MANSFIELD UNIVERSITY FOR CAPITAL AND OTHER PROJECTS - MANSFIELD FOUNDATION CAPITAL AND OTHER EXPENDITURES ARE MADE FOR THE PURCHASE OF FURNITURE, EQUIPMENT, CLASSROOM, LAB SUPPLIES AND OTHER COSTS THAT ARE NECESSARY FOR EDUCATIONAL PROGRAMMING AND UNIVERSITY OPERATIONS THAT HELP ENSURE THE CONTINUED ADVANCEMENT AND SUCCESS OF MANSFIELD UNIVERSITY.
SCHOLARSHIPS - GENEROUS DONORS TO THE MANSFIELD FOUNDATION HAVE PROVIDED ENDOWED AND EXPENDABLE FUNDS TO BE USED FOR PROVIDING STUDENT SCHOLARSHIPS AND AWARDS BASED ON DONOR DESIGNATION AND CRITERIA. THE ORGANIZATION AWARDS OVER 350 ANNUAL SCHOLARSHIPS AND AWARDS TO BOTH FRESHMAN AND UPPERCLASSMEN BASED ON NEED AND MERIT. THIS SUPPORT IS INSTRUMENTAL IN HELPING THE UNIVERSITY REACH ITS GOAL OF PROVIDING A QUALITY EDUCATION AT AN AFFORDABLE COST.
ACADEMIC PROJECTS - FOUNDATION SUPPORTED ACTIVITIES AND PROGRAMS FOR MANSFIELD UNIVERSITY STUDENT PROJECTS, ACADEMIC PROGRAMS, FACULTY SUPPORT, ADVANCEMENT AND DEVELOPMENT, TRAVEL, PUBLIC SERVICE, SPEAKERS, EXTERNAL RELATIONS, ATHLETICS AND OTHER CAMPUS EVENTS AND ACTIVITIES TO CAPITALIZE ON STUDENT AND FACULTY OPPORTUNITIES TO ENSURE THE LONG-TERM SUCCESS OF MANSFIELD UNIVERSITY FOR FUTURE GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mindy Engel Executive Director | Officer | 40 | $80,575 |
Christopher Vaughn Treasurer | OfficerTrustee | 2 | $0 |
Mark Garvelli Vice President | OfficerTrustee | 2 | $0 |
Arthur Guidi Jr President | OfficerTrustee | 2 | $0 |
Larry Nesbit Sectretary | OfficerTrustee | 2 | $0 |
Renata Faulisi Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $431,534 |
| Investment income | $93,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $842,465 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,504,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $505,261 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,926 |
| Payroll taxes | $17,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,541 |
| Fees for services: Accounting | $16,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,584 |
| Fees for services: Other | $15,665 |
| Advertising and promotion | $0 |
| Office expenses | $25,722 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,394 |
| Travel | $4,466 |
| 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 | $7,261 |
| Insurance | $397 |
| All other expenses | $0 |
| Total functional expenses | $1,095,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $674,982 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $39,085 |
| Investments—publicly traded securities | $21,665,893 |
| Investments—other securities | $808,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,677,373 |
| Total assets | $24,872,073 |
| Accounts payable and accrued expenses | $32,178 |
| 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 | $199,883 |
| Total liabilities | $232,061 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $24,640,012 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Mansfield University Foundation Inc has recieved totaling $61,147.
| Awarding Organization | Amount |
|---|---|
Fanny L Spangenberg Trust Honesdale, PA PURPOSE: SUPPORT CHURCH | $17,622 |
Mary H Ashkar Charitable Trust Williamsport, PA PURPOSE: ALLOCATED TO THE UNIVERSITY | $13,849 |
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
U S Family Foundation Inc Inverness, FL PURPOSE: FURTHER THE CHARITABLE, EDUCATIONAL AND/OR SCIENTIFIC EFFORTS OF THE CHARITY | $9,580 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $96 |
Endowment Analysis
| Beg. Balance | $17,820,721 |
| Earnings | $547,226 |
| Net Contributions | $93,781 |
| Other Expense | $605,898 |
| Ending Balance | $17,855,830 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Auxiliary Services State University College At Oswego Inc Oswego, NY | $22,384,872 | $17,397,841 |
Union Institute & University Cincinnati, OH | $9,527,741 | $17,880,804 |
New York School Of Interior Design New York, NY | $51,839,026 | $19,439,647 |
Campus Auxiliary Services Inc Geneseo, NY | $17,284,029 | $15,748,461 |
Cleveland State University Foundation Cleveland, OH | $110,232,117 | $11,409,961 |
Morgan State University Foundation Incorporated Baltimore, MD | $141,263,372 | $14,542,251 |
Nysernetorg Inc Syracuse, NY | $20,513,816 | $10,109,446 |
University Auxiliary Services At Albany Inc Albany, NY | $43,160,685 | $14,879,703 |
Suny Cobleskill Auxiliary Services Inc Cobleskill, NY | $8,795,968 | $7,700,761 |
New York College Of Health Professions Syosset, NY | $13,423,184 | $7,322,070 |
Central Yeshiva Tomchei Timimim Lubavitz Of The U S A Brooklyn, NY | $11,238,577 | $6,653,725 |
Newark Campus Development Fund Newark, OH | $44,149,352 | $5,377,217 |