2022-05-12T12:29:56-05:00 2021-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFFICE PARK SUITE 102 BRAINTREE MA 02184 990 2020-07-01 222678005 BRIDGEWATER STATE UNIVERSITY FOUNDATION BRID 5085312691 26 SUMMER STREET BRIDGEWATER MA 02325 DOUG SHROPSHIRE VICE PRESIDENT OF FINANCE 5085312236 2022-05-11 1 DOUG SHROPSHIRE 999009999 MICHAEL J COSGROVE P02127030 6174711120 2022-05-11 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z DOUG SHROPSHIRE 26 SUMMER STREET BRIDGEWATER MA 02325 5792296 0 X WWW.ALUMNI.BRIDGEW.EDU/ABOUTFOUNDATION X 1984 MA SEE SCHEDULE O 21 20 0 21 0 0 2241155 2816471 0 0 125104 632673 134215 46404 2500474 3495548 2390162 2372636 0 0 0 0 0 0 2148 686769 555689 3076931 2928325 -576457 567223 51223236 58369881 2141756 135553 49081480 58234328 TO ASSIST BRIDGEWATER STATE UNIVERSITY IN ACHIEVING ITS GOAL OF EXCELLENCE IN ITS MAJOR FUNCTIONS OF TEACHING LEARNING AND RESEARCH IN THOSE EDUCATIONAL AREAS WHERE LITTLE OR NO STATE FUNDING IS AVAILABLE TO THE INSTITUTION. 0 0 1026063 1026063 EXPENSES WERE INCURRED TO AWARD STUDENT SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO STUDENTS OF BRIDGEWATER STATE UNIVERSITY 1346573 1346573 GIFTS TO BRIDGEWATER STATE UNIVERSITY TO ASSIST THE UNIVERSITY IN PROMOTING AREAS OF EDUCATION AND RESEARCH WHICH MAY NOT RECEIVE STATE FUNDING 2372636 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X ELLEN OLIVER 5085312691 26 SUMMER STREET BRIDGEWATER MA 02325 X OHENE ASARE DIRECTOR 0.50 X 0 0 0 THOMAS CARON PAST PRESIDENT 0.50 X X 0 0 0 CLARE COLE DIRECTOR 0.50 X 0 0 0 CHRISTOPHER COONEY DIRECTOR 0.50 X 0 0 0 JEREMY DAVID 2ND VICE CHAIR 0.50 X X 0 0 0 EUGENE DURGIN PAST CHAIR 0.50 X X 0 0 0 GEORGE GURLEY DIRECTOR 0.50 X 0 0 0 ANN ULETT TREASURER 0.50 X X 0 0 0 WAYNE LOMBARDI DIRECTOR 0.50 X 0 0 0 DAVID MESSALINE DIRECTOR 0.50 X 0 0 0 MATTHEW QUIMBY DIRECTOR 0.50 X 0 0 0 LOUIS RICCIARDI DIRECTOR 0.50 X 0 0 0 DAVID RUMRILL 1ST VICE CHAIR 0.50 X X 0 0 0 DANIEL SMITH DIRECTOR 0.50 X 0 0 0 JOSEPH ST LAURENT FOUNDATION CHAIR 0.50 X X 0 0 0 ANDREW SULLIVAN DIRECTOR 0.50 X 0 0 0 DONALD VINCENT DIRECTOR 0.50 X 0 0 0 LISA BIANCA BATTAGLINO DIRECTOR 0.50 X 0 0 0 JOHN DISANTO DIRECTOR 0.50 X 0 0 0 LORI HINDLE DIRECTOR 0.50 X 0 0 0 PHYLLIS KLOCK SECRETARY 0.50 X X 0 0 0 ELLEN OLIVER CHIEF DEVELOPMENT OFFICER 10.00 30.00 X 0 173250 66389 0 173250 66389 0 1 1 0 RUSSELL INVESTMENTS 1301 2ND AVENUE 18TH FLOOR SEATTLE WA 98101 INVESTMENT MANAGEMENT 210442 1 3117 2813354 104183 2816471 13940 13940 46404 0 46404 46404 46404 2915481 2296748 618733 618733 618733 0 3117 0 0 3495548 0 0 679077 1346573 1346573 1026063 1026063 2260 2260 2500 2500 15138 15138 210443 210443 67825 67825 7376 7376 139714 139714 11833 11833 59894 59894 36558 36558 EVENT EXPENSE 2148 2148 2928325 2372636 553541 2148 800341 1413975 17915 17921 508226 739560 23962 10681 119 85 2466004 777388 4366829 1688616 40115844 53374043 5390000 1125000 51223236 58369881 1454656 42813 8525 0 587386 0 91189 92740 2141756 135553 X 23760554 23711259 25320926 34523069 49081480 58234328 51223236 58369881 X 567223 12215568 -3629943 X X 0 1 X 1 0 X 1792314 10296813 2282776 2241155 2813354 19426412 1209783 1025470 1322950 1508757 1256740 6323700 3002097 11322283 3605726 3749912 4070094 25750112 25750112 693839 900799 780011 25600 13940 2414189 12000 26630 17378 56008 28220309 0.91250 0.89220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25320926 1946064 8434338 1178259 34523069 24985146 1589767 278343 1532330 25320926 24196077 1673178 110347 994456 24985146 22199916 1584755 1415782 1004376 24196077 20170058 996935 2085877 1052954 22199916 0.61651 0.38348 0 0 531135 531135 1825364 716908 1108456 53000 3975 49025 56505 56505 0 1688616 CORPORATE EQUITIES 51632890 F MUTUAL FUNDS 124110 F CORPORATE BONDS 1534116 F STOCKS 82927 F 53374043 ANNUITY PAYABLE 92740 92740 X 16757413 12215568 1256740 13472308 3285105 210443 210443 3495548 7604565 1256740 1369943 2260000 4886683 2717882 210443 210443 2928325 PART X, LINE 2: THE FOUNDATION HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT MEETS THE QUALIFICATIONS TO BE CLASSIFIED AS A TAX EXEMPT ENTITY UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES, THE FOUNDATION MAY, HOWEVER, BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" 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. PART XII, LINE 2D - OTHER ADJUSTMENTS: IMPAIRMENT LOSS 2,260,000. PART V, LINE 4 THE INTENDED USE OF THE ENDOWMENT FUND IS TO SUPPORT THE PROGRAMS OF THE FOUNDATION. 1 BRIDGEWATER STATE UNIVERSITY 131 SUMMER STREET BRIDGEWATER MA 02325 043010428 115 995573 351000 FMV ARTWORK SUPPORT OF THE UNIVERSITY PRIMARILY THROUGH THE ANNUAL FUND AND OTHER DONOR DESIGNATIONS 1 SCHOLARSHIPS AND FINANCIAL ASSISTANCE 677 1026063 FMV SCHEDULE I, PART I, LINE 2 : THE FOUNDATION ENSURES THAT GRANT RECIPIENTS ARE ELIGIBLE FOR GRANTS BASED ON A SET OF ESTABLISHED CRITERIA. THE SELECTION CRITERIA IS REVIEWED ON A PERIODIC BASIS. 0 0 0 0 0 0 0 0 0 ELLEN OLIVER CHIEF DEVELOPMENT OFFICER 0 173250 0 0 0 0 0 0 0 66389 0 239639 0 0 X 1 324000 FMV X 3 104183 FMV 0 1 0 FORM 990, PART I, LINE 1 TO ASSIST BRIDGEWATER STATE UNIVERSITY IN ACHIEVING ITS GOAL OF EXCELLENCE IN ITS MAJOR FUNCTIONS OF TEACHING LEARNING AND RESEARCH IN THOSE EDUCATIONAL AREAS WHERE LITTLE OR NO STATE FUNDING IS AVAILABLE TO THE INSTITUTION. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S CHIEF DEVELOPMENT OFFICER, VICE PRESIDENT OF FINANCE AND COMPTROLLER DETAIL REVIEWS THE 990 PRIOR TO FILING. THE 990 IS MADE AVALIABLE TO ALL BOARD MEMBERS THROUGH A SECURE INTERNET PORTAL. ONCE APPROVED, THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS ON AN ANNUAL BASIS AT THE ANNUAL MEETING. COMPLIANCE AND ENFORCEMENT IS MONITORED AT THE ANNUAL MEETING AND MANDATED BY MASSACHUSETTS LAW. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: LOSS ON SALE OF PROPERTY -1,369,943. IMPAIRMENT LOSS -2,260,000. FORM 990, PART XII, SECTION A, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE WHOSE PURPOSE IS THE OVERSIGHT AND REVIEW OF THE AUDITED FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. BRIDGEWATER ALUMNI ASSOCIATION 26 SUMMER STREET BRIDGEWATER MA 02325 042199546 SCHOLARSHIPS AND GRANTS MA 501(C)(3) 5 N/A 0 BRIDGEWATER STATE UNIVERSITY 131 SUMMER STREET BRIDGEWATER MA 02325 043010428 HIGHER EDUCATION MA 115 N/A N/A 0 0 1 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 BRIDGEWATER STATE UNIVERSITY O 1256740 ESTIMATED COST PER EMPLOYEES BRIDGEWATER STATE UNIVERSITY B 1346573 GRANTS TO BSU BRIDGEWATER STATE UNIVERSITY I 351000 TRANSFER OF ARTWORK TO BSU BRIDGEWATER STATE UNIVERSITY N 60000 FMV BRIDGEWATER STATE UNIVERSITY J 60000 FMV