2024-05-15T07:28:32-05:00 2023-06-30 161092347 MENGEL METZGER BARR & CO LLP 333 EAST WATER ST STE 200 ELMIRA NY 14901 990 2022-07-01 237359440 MANSFIELD UNIVERSITY FOUNDATION INC D/B/A MANSFIELD FOUNDATION MANS 5704634040 54 S MAIN STREET MANSFIELD PA 16933 CHRISTOPHER W VAUGHN TREASURER 5704634040 2024-05-14 1 CHRISTOPHER VAUGHN 999009999 0 KATHERINE E STICKLER CPA P00385238 6077344183 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTOPHER W VAUGHN 54 S MAIN STREET MANSFIELD PA 16933 2492852 0 X WWW.MANSFIELDFOUNDATION.ORG X 1974 PA 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. 10 10 5 10 0 0 551893 318238 3171 2313 1150132 873511 -143969 9895 1561227 1203957 404769 518201 0 0 312485 255236 0 0 116673 341821 455253 1059075 1228690 502152 -24733 21971825 23249419 245082 298914 21726743 22950505 X 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 A BROAD RANGE OF COMMUNITY EFFORTS THROUGHOUT THE NORTHERN TIER OF PENNSYLVANIA. 0 0 50598 GRANT MAKING: GRANTS FROM CHARITABLE FUNDS TO MEET COMMUNITY NEEDS AND IN KEEPING WITH DONORS' INTENT. 518201 518201 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. 155832 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. 2268 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. 2268 726899 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA AK AR CA CO CT FL GA HI IL LA ME MD MA MI MN MS NV NH NJ NM NY NC OH OK OR RI SC TN TX UT VT VA WA WV WI WY X THE ORGANIZATION 5704634040 54 S MAIN STREET MANSFIELD PA 16933 ARTHUR GUIDI JR PRESIDENT 2.00 X X 0 0 0 MARK GARVELLI VICE PRESIDENT 2.00 X X 0 0 0 LARRY NESBIT SECTRETARY 2.00 X X 0 0 0 CHRISTOPHER VAUGHN TREASURER 2.00 X X 0 0 0 LAWRENCE MANSFIELD DIRECTOR 2.00 X 0 0 0 RONALD GOODWIN DIRECTOR 2.00 X 0 0 0 ROBERT SHORB DIRECTOR 2.00 X 0 0 0 RENATA FAULISI DIRECTOR 2.00 X 0 0 0 AMY O'ROURKE DIRECTOR 2.00 X 0 0 0 BRIAN BARDEN DIRECTOR 2.00 X 0 0 0 MINDY ENGEL EXECUTIVE DIRECTOR 40.00 X 89305 0 25675 89305 0 25675 0 0 0 0 0 318238 318238 TUITION, FEES, REIMBURS 611710 2313 2313 2313 105311 105311 2057095 1288895 768200 768200 768200 NET APPRECIATION OF TRUSTS 611710 36842 36842 ACTUARIAL GAIN/(LOSS) ON GIFT ANN 611710 -26947 -26947 9895 1203957 2313 0 883406 518201 518201 114980 38327 38327 38326 94989 45592 12219 37178 29385 10296 8946 10143 15882 6426 3727 5729 13312 13312 17509 17509 31226 31226 79315 21378 57937 63732 34894 21604 7234 13136 5848 3643 3645 8578 6000 1020 1558 40346 40346 -4543 -13101 8558 SOFTWARD LICENSES 94792 25292 59155 10345 OTHER EXPENSES 55026 9944 45082 SMALL EQUIPMENT 15501 8484 7017 MAINTENANCE 8713 3682 2516 2515 18610 5636 12974 1228690 726899 385118 116673 333222 252993 38703 38133 1135495 83399 2122 1052096 18153093 19047277 1299955 1562740 2144730 1296180 21971825 23249419 48349 100973 196733 197941 245082 298914 X 3262582 2724583 18464161 20225922 21726743 22950505 21971825 23249419 -24733 1248495 0 X X 0 1 X 1 0 X 230255 618179 329649 551893 318238 2048214 230255 618179 329649 551893 318238 2048214 599060 1449154 478512 202422 93403 171255 105311 1050903 3099117 83738 0.46760 0.41920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20338204 44244 -2211164 134232 18037052 17855830 135121 3372341 1025088 20338204 17820721 93781 547226 605898 17855830 17896240 360318 444003 879840 17820721 17117226 65780 1525624 812390 17896240 0.82670 0.03630 0.13700 1 0 23600 23600 899511 20614 878897 107039 53128 53911 105345 9657 95688 1052096 OTHER INVESTMENTS 1562740 F 1562740 BENEFICIAL INTERESTS IN PERPETUAL TRUSTS 899001 CASH VALUE OF LIFE INSURANCE 264356 OTHER ASSET 15984 PLEDGES RECEIVABLE 112500 TRADEMARK 4339 1296180 CHARITABLE GIFT ANNUITIES PAYABLE 197941 197941 X 2421226 1248495 1248495 1172731 31226 31226 1203957 1197464 0 1197464 31226 31226 1228690 PART V, LINE 4: THE PRIMARY USE OF THE ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS FOR INDIVIDUALS ATTENDING MANSFIELD UNIVERSITY. PART X, LINE 2: THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. THE FOUNDATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN SEVERAL STATES. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2020 THROUGH JUNE 30, 2023 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND VARIOUS STATES. MANAGEMENT OF THE FOUNDATION BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. 1 SCHOLARSHIPS 518201 PART I, LINE 2: THE MANSFIELD FOUNDATION HAS DELEGATED THE SELECTION OF THE SCHOLARSHIP RECIPIENTS TO THE UNIVERSITY THROUGH THEIR SCHOLARSHIP COMMITTEE, THE ATHLETIC DEPARTMENT AND ACADEMIC DEPARTMENTS. THE FOUNDATION WORKS WITH THE UNIVERSITY IN THE AWARDING PROCESS TO ENSURE DONOR AGREEMENTS ARE FOLLOWED. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PROVIDED TO AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD OF DIRECTORS MEMBERS ARE GIVEN A FORM TO COMPLETE AND SIGN INDICATING ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 18 ALL DOCUMENTS ARE AVAILABLE THROUGH THE IRS WEBSITE OR UPON REQUEST FROM THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE THROUGH THE IRS WEBSITE OR UPON REQUEST FROM THE ORGANIZATION. FORM 990, PART XII, LINE 2C THE AUDIT REVIEW PROCESS HAS NOT CHANGED.