WESTERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

WESTERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC

EIN 06-1086725 · Education (B110)

What they do

THE WCSU FOUNDATION, INC. OPERATES EXCLUSIVELY to SOLICIT ALL FORMS of DONATIONS and DISBURSES SUCH FUNDS to AID, SUPPLEMENT, IMPROVE and ENLARGE THE EDUCATIONAL, CULTURAL and RESEARCH FACILITIES and ACTIVITIES of WESTERN CONNECTICUT STATE UNIVERSITY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.80 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 leaders21 people are listed in the latest report.

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

Money made simple

21.30%of revenue went to mission work78.8% of expenses · Program services

0.72%of revenue went to fundraising2.6% of expenses

$27.04spent for every $100 of revenueRevenue covered expenses this year.

5.03%of revenue went to management and office costs18.6% of expenses

$21.38in assets for every $1 spent this yearSome assets cannot be spent right away.

75.8%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

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$6,814,025

Mission workProgram services$1,451,16521.30% of revenue78.8% of expenses

ManagementOffice and general costs$342,5895.03% of revenue18.6% of expenses

FundraisingAsking for donations$48,8070.72% of revenue2.6% of expenses

Revenue left after expensesReported annual surplus$4,971,46472.96% of revenueShown in gray on the chart

Total expenses$1,842,56127.04% 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: 78.8% mission · 18.6% management · 2.6% fundraisingTotal expenses: 27.04% of revenue

2023Expense mix: 71.5% mission · 20.1% management · 8.4% fundraisingTotal expenses: 62.07% of revenue

2022Expense mix: 73.5% mission · 24.5% management · 1.9% fundraisingTotal expenses: 67.09% of revenue

2021Expense mix: 75.5% mission · 23.3% management · 1.3% fundraisingTotal expenses: 48.78% of revenue

2020Expense mix: 91.1% mission · 8.6% management · 0.3% fundraisingTotal expenses: 115.27% of revenue

2019Expense mix: 93.2% mission · 6.1% management · 0.7% fundraisingTotal expenses: 64.24% of revenue

2018Expense mix: 84.8% mission · 13.5% management · 1.7% fundraisingTotal expenses: 70.35% of revenue

2017Expense mix: 86.2% mission · 11.7% management · 2.1% fundraisingTotal expenses: 86.38% of revenue

Money in and money out

Revenue$6,814,025

Expenses$1,842,561

Annual surplus $4,971,464 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)$1,451,165 · 78.8% of expenses

Management and office costs$342,589 · 18.6% of expenses

Fundraising$48,807 · 2.6% of expenses

See all reported dollar amounts

Revenue$6,814,025

Expenses$1,842,561

Assets$39,389,531

Income$15,327,864

Contributions$5,164,990

Mission work (program services)$1,451,165

Fundraising$48,807

Grants given$7,104,742

Average grant$1,014,963

Management and general$342,589

Stocks and bonds$29,107,434

Accounting fees$30,220

Investing fees$67,946

People

Leadership and board

Tax year 2024

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

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (21)

JOHN FILLYAWDIRECTOR

THAMER RUSHAIDATDIRECTOR

STEPHEN HEGEDUSDIRECTOR

RONALD THOMASDIRECTOR

ROBERT YAMINVICE CHAIRMAN

OWEN IBEYDIRECTOR

NELSON MERCHANDIRECTOR

MARY JEAN RIZZO-REBEIRODIRECTOR

MARTIN MORGADOCHAIRMAN

MARIA VEILLEUXDIRECTOR

M FAROOQ KATHWARIDIRECTOR

ANTHONY GIOBBISECRETARY/TREASURER

JESSICA SCHOFIELDDIRECTOR

JESSE BERNALDIRECTOR

JASON HSUDIRECTOR

GREGG CRERARDIRECTOR

FAYE WALTONDIRECTOR

DAVID ZAVARELLIDIRECTOR

DANE UNGERDIRECTOR

CHIN OKWUKADIRECTOR

ANTHONY CIRONE JRDIRECTOR

About this charity

Recognized since: January 1972
Location: 181 WHITE ST, DANBURY, CT 06810-6826
County: Fairfield
In care of: ANTHONY GIOBBI
Primary officer: ANTHONY GIOBBI, SECRETARY/TREASURER

How to reach them

WebsiteVisit the charity’s website Emailveilleuxm@wcsu.edu Phone(203) 837-9820 Officer phone(203) 837-8479

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: FIORITA KORNHAAS & COMPANY PC
NTEE classification: Education (B110)
Grant-giving organization: Yes