FRAMINGHAM STATE UNIVERSITY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

FRAMINGHAM STATE UNIVERSITY FOUNDATION INC

EIN 04-2742666 · Single Organization Support (B11)

What they do

to RECEIVE and MAINTAIN FUNDS to BE USED IN THE BEST INTEREST of FRAMINGHAM STATE UNIVERSITY for THE DEVELOPMENT, PROMOTION and BENEFIT of THE UNIVERSITY and ITS STUDENTS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders29 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

16.00%of revenue went to mission work76.1% of expenses · Program services

2.73%of revenue went to fundraising13.0% of expenses

$21.03spent for every $100 of revenueRevenue covered expenses this year.

2.30%of revenue went to management and office costs10.9% of expenses

$14.08in assets for every $1 spent this yearSome assets cannot be spent right away.

86.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $72,689 for ERIC GUSTAFSON (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$7,989,355

Mission workProgram services$1,278,60716.00% of revenue76.1% of expenses

ManagementOffice and general costs$183,9162.30% of revenue10.9% of expenses

FundraisingAsking for donations$217,8242.73% of revenue13.0% of expenses

Revenue left after expensesReported annual surplus$6,309,00878.97% of revenueShown in gray on the chart

Total expenses$1,680,34721.03% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 76.1% mission · 10.9% management · 13.0% fundraisingTotal expenses: 21.03% of revenue

2023Expense mix: 81.4% mission · 10.4% management · 8.2% fundraisingTotal expenses: 87.45% of revenue

2022Expense mix: 83.2% mission · 7.0% management · 9.8% fundraisingTotal expenses: 87.58% of revenue

2021Expense mix: 80.3% mission · 8.1% management · 11.5% fundraisingTotal expenses: 49.66% of revenue

2020Expense mix: 77.1% mission · 10.3% management · 12.6% fundraisingTotal expenses: 42.30% of revenue

2019Expense mix: 75.2% mission · 11.3% management · 13.5% fundraisingTotal expenses: 69.40% of revenue

2018Expense mix: 74.9% mission · 12.6% management · 12.5% fundraisingTotal expenses: 75.65% of revenue

2017Expense mix: 74.0% mission · 9.6% management · 16.4% fundraisingTotal expenses: 40.39% of revenue

Money in and money out

Revenue$7,989,355

Expenses$1,680,347

Annual surplus $6,309,008 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,278,607 · 76.1% of expenses

Management and office costs$183,916 · 10.9% of expenses

Fundraising$217,824 · 13.0% of expenses

See all reported dollar amounts

Revenue$7,989,355

Expenses$1,680,347

Assets$23,661,699

Income$9,617,484

Contributions$6,893,328

Mission work (program services)$1,278,607

Fundraising$217,824

Grants given$1,741,926

Average grant$348,385

Management and general$183,916

Stocks and bonds$22,119,097

Accounting fees$58,017

Investing fees$79,135

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ERIC GUSTAFSONEXECUTIVE DIRECTOR · 40 hrs/week $72,689Base · Other $72,689

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (29)

ERIC GUSTAFSONEXECUTIVE DIRECTOR

KELLY SARDELLADIRECTOR

STEVEN WHITTEMOREDIRECTOR

STEVE DEVINEDIRECTOR

SERENA GILCHRESTDIRECTOR

ROBERT POWERSDIRECTOR

ROBERT POWERASST. TREASURER

ROBERT FIELDSDIRECTOR

ROBERT BONNEVIEDIRECTOR

PERVEZ MAZEEDDIRECTOR

MICHELLE MURPHYDIRECTOR

MICHELE SAULISDIRECTOR

MICHAEL GATLINPRESIDENT

MAUREEN REMEIKADIRECTOR

MARGARET GUARDIANICLERK

KEVIN FOLEYDIRECTOR

ANN MUIRDIRECTOR

KATHLEEN FREEMANVICE PRESIDENT

JUAN RODRIGUEZDIRECTOR

JOSPEH PALOWICHDIRECTOR

JOAN MURTAUGHDIRECTOR

JAMES HASTINGSTREASURER

ELINOR GOODWINDIRECTOR

ELAINE MARTINDIRECTOR

DR HELEN HEINEMANDIRECTOR

DR DUC LEDIRECTOR

DENNIS ALVESDIRECTOR

DEBRA CLEVELANDDIRECTOR

CLAIRE ESTENDIRECTOR

About this charity

Recognized since: January 1982
Location: 100 STATE STREET, FRAMINGHAM, MA 01701
County: Middlesex
In care of: JAMES HASTINGS
Primary officer: JAMES HASTINGS, TREASURER

How to reach them

Phone(508) 626-4668 Officer phone(508) 626-4012

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: MURPHY EDWARDS GONCALVES & FERRERA PC
NTEE classification: Single Organization Support (B11)
IRS tax category: Single Organization Support
Grant-giving organization: Yes