2020-07-14T09:22:25-05:00 2019-06-30 043000523 O'CONNOR & DREW PC 25 BRAINTREE HILL OFFICE PARK SUITE 102 BRAINTREE MA 02184 990 2018-07-01 222678005 BRIDGEWATER STATE UNIVERSITY FOUNDATION BRID 5085312236 26 SUMMER STREET BRIDGEWATER MA 02325 DOUGLAS SHROPSHIRE VICE PRESIDENT OF FINANCE 5085312236 2020-07-13 1 MICHAEL J COSGROVE P02127030 6174711120 2020-07-13 108.7.66.186 2020-07-13 17:27:24 ED P FC66FA2F6FAA92178A632FCD7B72B584BEC644E9 196E4BB9757308F46869DDCA5741194DAE81A63C 2018 2021-01-29 14:40:06Z DOUGLAS SHROPSHIRE 26 SUMMER STREET BRIDGEWATER MA 02325 41913405 0 X WWW.ALUMNI.BRIDGEW.EDU/ABOUTFOUNDATION X 1984 MA 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. 26 25 0 26 0 0 10296813 2282776 0 0 2224660 1444791 78378 139341 12599851 3866908 1518805 1515358 0 0 0 0 0 0 74390 678690 651979 2197495 2167337 10402356 1699571 48073449 50190648 824561 824095 47248888 49366553 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 1032121 1032121 EXPENSES WERE INCURRED TO AWARD STUDENT SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO STUDENTS OF BRIDGEWATER STATE UNIVERSITY 483237 483237 GIFTS TO BRIDGEWATER STATE UNIVERSITY TO ASSIST THE UNIVERSITY IN PROMOTING AREAS OF EDUCATION AND RESEARCH WHICH DO NOT RECEIVE STATE FUNDING 1515358 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 0 0 0 0 0 0 1 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 26 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X DOUG SHROPSHIRE 5085312236 26 SUMMER STREET BRIDGEWATER MA 02325 OHENE ASARE DIRECTOR 0.50 X 0 0 0 MARIE BARONI ALLEN DIRECTOR 0.50 X 0 0 0 THOMAS CARON CHAIRMAN 0.50 X X 0 0 0 CLARE COLE DIRECTOR 0.50 X 0 0 0 SHEENA COLLIER DIRECTOR 0.50 X 0 0 0 CHRISTOPHER COONEY DIRECTOR 0.50 X 0 0 0 JOHN CRUZ III DIRECTOR 0.50 X 0 0 0 JEREMY DAVID DIRECTOR 0.50 X 0 0 0 EUGENE DURGIN PAST CHAIR 0.50 X X 0 0 0 CLAIRE ENTEL DIRECTOR 0.50 X 0 0 0 GEORGE GURLEY DIRECTOR 0.50 X 0 0 0 JULIETTE JOHNSON SECRETARY 0.50 X X 0 0 0 PHYLLIS KLOCK DIRECTOR 0.50 X 0 0 0 ALLEN LARSON DIRECTOR 0.50 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 DIRECTOR 0.50 X 0 0 0 FRANCIS SHERRY DIRECTOR 0.50 X 0 0 0 PAUL SILVIA ESQ DIRECTOR 0.50 X 0 0 0 DANIEL SMITH DIRECTOR 0.50 X 0 0 0 JOSEPH ST LAURENT VICE CHAIR 0.50 X X 0 0 0 ANDREW SULLIVAN DIRECTOR 0.50 X 0 0 0 ANN ULETT DIRECTOR 0.50 X 0 0 0 DONALD VINCENT TREASURER 0.50 X X 0 0 0 BRENDA MOLIFE VP UNIVERSITY ADVANCEMENT 25.00 40.00 X X 175623 0 63698 175623 0 63698 1 0 1 0 MORGAN STANLEY 125 HIGH STREET 24TH FLOOR BOSTON MA 02110 INVESTMENT MANAGEMENT 166473 1 208505 2074271 118862 2282776 780011 780011 139441 0 139441 139441 139441 38693799 38029019 664780 664780 664780 17378 208505 17478 -100 -100 3866908 0 0 1584132 483237 483237 1032121 1032121 3267 3267 14689 14689 192178 192178 17730 17730 4486 4486 164113 164113 26259 26259 92072 92072 31226 31226 EVENT EXPENSE 74390 74390 CHANGE IN SPLIT INTERES 31569 31569 2167337 1515358 577589 74390 546417 69954 692386 22274 64685 596146 0 6285 16116 16518 5018431 751800 4358703 4266631 36977899 39781132 5417243 5431708 48073449 50190648 49011 74532 1625 619833 599810 154092 149753 824561 824095 X 23052811 24381407 5807922 5987929 18388155 18997217 47248888 49366553 48073449 50190648 1699571 418094 0 X X 0 1 X 1 0 X 4358522 3496210 1792314 10296813 2282776 22226635 1133993 927251 1209783 1025470 1322950 5619447 5492515 4423461 3002097 11322283 3605726 27846082 27846082 632581 685940 693839 900799 780011 3693170 36520 12150 12000 26630 17378 104678 31643930 0.88000 0.88000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24196077 1673178 110347 994456 24985146 22199916 1584755 1415782 1004376 24196077 20170058 996935 2085877 1052954 22199916 18427673 3107998 -445276 920337 20170058 15758051 3972252 -584385 718245 18427673 0.76030 0.23970 0 0 1279042 1279042 3682884 695295 2987589 56505 56505 0 4266631 CORPORATE EQUITIES 39583103 F MUTUAL FUNDS 105494 F CORPORATE BONDS 92535 F 39781132 CASH SURRENDER VALUE OF LIFE INSURANCE 41708 PROPERTIES HELD FOR RESALE 5390000 5431708 ANNUITY PAYABLE 149753 149753 X 5401683 418094 1322950 -14091 1726953 3674730 192178 192178 3866908 3284018 1322950 -14091 1308859 1975159 192178 192178 2167337 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 XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES ALLOCATED TO NET INCOME FROM FUNDRAISING EVENTS 17,478. CHANGE IN SPLIT INTEREST ANNUITY PAYABLE -31,569. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES ALLOCATED TO NET INCOME FROM FUNDRAISING EVENTS 17,478. CHANGE IN SPLIT INTEREST ANNUITY -31,569. PART V, LINE 4 THE INTENDED USE OF THE ENDOWMENT FUND IS TO SUPPORT THE PROGRAMS OF THE FOUNDATION. X X X X 0 MA LEADERSHIP DINNER 225883 208505 17378 5117 146 12215 225883 208505 17378 5117 146 12215 17478 -100 1 BRIDGEWATER STATE UNIVERSITY 131 SUMMER STREET BRIDGEWATER MA 02325 043010428 115 473937 9300 FMV ARTWORK SUPPORT OF THE UNIVERSITY PRIMARILY THROUGH THE ANNUAL FUND AND OTHER DONOR DESIGNATIONS 1 SCHOLARSHIPS AND FINANCIAL ASSISTANCE 834 1032121 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 BRENDA MOLIFE VP UNIVERSITY ADVANCEMENT 175623 0 0 0 0 0 0 0 63698 0 239321 0 0 0 X 6 9300 APPRAISAL VALUE X 3 49335 FMV X SODEXO CAMPUS SERVICES 1 60227 ESTIMATED FOOD/BEV V 0 1 0 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 AVAILABLE 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 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 1322950 ESTIMATED COST PER EMPLOYEES BRIDGEWATER STATE UNIVERSITY B 483237 GIFTS TO BSU BRIDGEWATER STATE UNIVERSITY I 9300 TRANSFER OF ARTWORK TO BSU