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Nonprofiteer
← MANSFIELD UNIVERSITY FOUNDATION INC

Form 990 for tax year 2024

Filed by MANSFIELD UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$1,170,591
Total expenses
$1,164,083
Contributions and grants received
$328,946
Grants paid
$453,612
Program service revenue
$3,742
Investment income
$796,691
Other revenue
$41,212
Total assets, end of year
$27,546,520
Total liabilities, end of year
$198,087
Net assets or fund balances, end of year
$27,348,433
Program services expenses (Part IX)
$634,927
Management and general expenses
$411,917
Fundraising expenses
$117,239
Program service expenses (Part III)
$634,927

Program services were 54.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $328,946

  • 2a · Program service revenue: TUITION, FEES, REIMBURS

    total $3,742 · related or exempt $3,742

  • 3 · Investment income

    total $32,192 · excluded $32,192

  • 7a · Gross sales of assets other than inventory

    securities $2,146,862

  • 7b · Less cost or other basis and sales expenses

    securities $1,382,363

  • 7c · Gain or loss

    securities $764,499

  • 7d · Net gain or loss

    total $764,499 · excluded $764,499

  • 11a · Other revenue: NET APPRECIATION OF TRUSTS

    total $63,609 · excluded $63,609

  • 11b · Other revenue: ACTUARIAL GAIN/(LOSS) ON GIFT ANN

    total -$22,397 · excluded -$22,397

  • 11e · Other revenue, total

    $41,212

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,962 · program services $27,962

  • 2 · Grants to domestic individuals

    total $425,650 · program services $425,650

  • 5 · Compensation of officers, directors and key employees

    total $123,446 · program services $41,148 · management and general $41,148 · fundraising $41,150

  • 7 · Other salaries and wages

    total $85,572 · program services $39,601 · management and general $8,594 · fundraising $37,377

  • 9 · Other employee benefits

    total $24,416 · program services $10,896 · management and general $2,687 · fundraising $10,833

  • 10 · Payroll taxes

    total $14,087 · program services $5,537 · management and general $3,184 · fundraising $5,366

  • 11b · Fees: legal

    total $1,911 · management and general $1,911

  • 11c · Fees: accounting

    total $104,100 · management and general $104,100

  • 11f · Fees: investment management

    total $25,511 · management and general $25,511

  • 11g · Fees: other

    total $45,105 · program services $18,714 · management and general $26,391

  • 12 · Advertising and promotion

    total $2,127 · fundraising $2,127

  • 13 · Office expenses

    total $54,550 · program services $30,435 · management and general $14,694 · fundraising $9,421

  • 16 · Occupancy

    total $5,882 · program services $1,961 · management and general $1,960 · fundraising $1,961

  • 17 · Travel

    total $13,614 · program services $11,991 · management and general $872 · fundraising $751

  • 22 · Depreciation, depletion and amortization

    total $43,568 · management and general $43,568

  • 23 · Insurance

    total $167 · program services -$9,109 · management and general $9,276

  • 24a · Other expenses: SOFTWARD LICENSES

    total $101,696 · program services $11,439 · management and general $84,159 · fundraising $6,098

  • 24b · Other expenses: OTHER EXPENSES

    total $33,357 · program services $2,211 · management and general $31,146

  • 24c · Other expenses: MEALS AND REFRESHMENTS

    total $14,135 · program services $9,360 · management and general $4,775

  • 24d · Other expenses: SMALL EQUIPMENT

    total $7,321 · program services $4,976 · management and general $2,345

  • 24e · All other expenses

    total $9,906 · program services $2,155 · management and general $5,596 · fundraising $2,155

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $237,704 · end of year $230,059

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,505 · end of year $32,643

  • 10a · Land, buildings and equipment: cost or other basis

    $1,135,495

  • 10b · Land, buildings and equipment: accumulated depreciation

    $169,480

  • 10c · Land, buildings and equipment, net

    beginning of year $1,009,056 · end of year $966,015

  • 11 · Investments: publicly traded securities

    beginning of year $20,833,101 · end of year $22,468,898

  • 12 · Investments: other securities

    beginning of year $1,954,931 · end of year $2,458,462

  • 15 · Other assets

    beginning of year $1,318,252 · end of year $1,390,443

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,270 · end of year $4,658

  • 25 · Other liabilities

    beginning of year $194,634 · end of year $193,429

  • 27 · Net assets without donor restrictions

    beginning of year $2,460,338 · end of year $2,471,850

  • 28 · Net assets with donor restrictions

    beginning of year $22,727,307 · end of year $24,876,583

Mission and programs · 2024

Mission

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 A BROAD RANGE OF COMMUNITY EFFORTS THROUGHOUT THE NORTHERN TIER OF PENNSYLVANIA.

Activities or mission (Part I)

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.

  • GRANT MAKING: GRANTS FROM CHARITABLE FUNDS TO MEET COMMUNITY NEEDS AND IN KEEPING WITH DONORS' INTENT.

    Expenses $27,962 · Grants $27,962

  • 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 THE FOUNDATION'S GOAL OF PROVIDING ACCESS TO A QUALITY EDUCATION AT AN AFFORDABLE COST.

    Expenses $425,650 · Grants $425,650

  • 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.

    Expenses $181,315

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ARTHUR GUIDI JR

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • MARK GARVELLI

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • BRIAN BARDEN

    SECTRETARY

    Total calculated
    $0
    Hours/week
    2

  • LAWRENCE MANSFIELD

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • RONALD GOODWIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ERICK COOLIDGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MATTHEW KURZEJEWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CARL RUCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROBERT SHORB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RENATA STIEHL FAULISI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRISTOPHER VAUGHN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MINDY ENGEL

    EXECUTIVE DIRECTOR

    Total calculated
    $121,738
    From this org
    $98,605
    From related orgs
    $0
    Other
    $23,133
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • MANSFIELD BOROUGH

    $12,000

    REPAIRS TO TOWN POOOL

  • HOMETOWN HEROES BANNERS

    $7,500

    ASSIST WITH HOMETOWN HEROES BANNER PROGRAM TO HONOR LOCAL VETERANS AND ACTIVE-DUTY SERVICE MEMBERS BY DISPLAYING PERSONALIZED BANNERS IN THE COMMUNITY, ENSURING THEIR SACRIFICES ARE REMEMBERED.

Provenance

Return type
form_990
Tax year
2024
Filed
20 April 2026
IRS schema version
2024v5.5
Source object
202611179349300811

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