Westfield State University Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 915,029 | 690,619 | 224,410 | 83.7 | 0% |
| 2012 | 818,151 | 621,796 | 196,355 | 95.7 | 0% |
| 2013 | 745,204 | 766,452 | −21,248 | 85.5 | 0% |
| 2014 | 764,437 | 636,346 | 128,091 | 122.2 | 0% |
| 2015 | 2,412,736 | 657,919 | 1,754,817 | 122.7 | 0% |
| 2016 | 2,374,994 | 976,657 | 1,398,337 | 98.8 | 0% |
| 2017 | 2,624,420 | 1,299,368 | 1,325,052 | 92.5 | 0% |
| 2018 | 1,679,154 | 1,970,501 | −291,347 | 62.0 | 0% |
| 2019 | 1,645,306 | 1,025,769 | 619,537 | 130.6 | 0% |
| 2020 | 1,288,350 | 853,937 | 434,413 | 162.5 | 0% |
| 2021 | 4,228,113 | 848,108 | 3,380,005 | 253.8 | 0% |
| 2022 | 2,142,459 | 1,179,862 | 962,597 | 163.9 | 0% |
| 2023 | 2,361,466 | 1,402,589 | 958,877 | 157.1 | 0% |
In its most recent public year (2023), this organization brought in $958,877 more than it spent. Its reserves stood at about 157.1 months of spending, up from 83.7 in 2011. Staff pay was 0% of spending. $17,758,724 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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