Mansfield University Foundation Inc

Organization Overview

Mansfield University Foundation Inc is located in Mansfield, PA. The organization was established in 1974. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Mansfield University Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mansfield University Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Mansfield University Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MANSFIELD UNIVERSITY FOUNDATION, INC. (DBA 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 BENEFITTING MANSFIELD UNIVERSITY'S STUDENTS, FACULTY, ALUMNI AND THE GENERAL MANSFIELD UNIVERSITY COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENTS TO MANSFIELD UNIVERSITY FOR CAPITAL AND OTHER PROJECTS - MANSFIELD FOUNDATION CAPITAL AND OTHER EXPENDITURES ARE MADE FOR THE PURCHASE OF FURNITURE, EQUIPMENT, CLASSROOM, LAB SUPPLIES AND OTHER COSTS THAT ARE NECESSARY FOR EDUCATIONAL PROGRAMMING AND UNIVERSITY OPERATIONS THAT HELP ENSURE THE CONTINUED ADVANCEMENT AND SUCCESS OF MANSFIELD UNIVERSITY.


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 HELPING THE UNIVERSITY REACH ITS GOAL OF PROVIDING A QUALITY EDUCATION AT AN AFFORDABLE COST.


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.


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Board, Officers & Key Employees

Name (title)Compensation
Mindy Engel
Executive Director
$80,575
Arthur Guidi Jr
President
$0
Mark Garvelli
Vice President
$0
Larry Nesbit
Sectretary
$0
Christopher Vaughn
Treasurer
$0
Lawrence Mansfield
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$431,534
Investment income $93,403
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $842,465
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,504,585

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Mansfield University Foundation Inc has recieved totaling $61,147.

Awarding OrganizationAmount
Fanny L Spangenberg Trust

Honesdale, PA

PURPOSE: SUPPORT CHURCH

$17,622
Mary H Ashkar Charitable Trust

Williamsport, PA

PURPOSE: ALLOCATED TO THE UNIVERSITY

$13,849
Tulsa Community Foundation

Tulsa, OK

PURPOSE: SCHOLARSHIP

$10,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$10,000
U S Family Foundation Inc

Inverness, FL

PURPOSE: FURTHER THE CHARITABLE, EDUCATIONAL AND/OR SCIENTIFIC EFFORTS OF THE CHARITY

$9,580
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$96
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$17,820,721
Earnings$547,226
Net Contributions$93,781
Other Expense$605,898
Ending Balance$17,855,830

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