Nonprofit · EIN 04-2742666
FRAMINGHAM STATE UNIVERSITY FOUNDATION INC
Tax-exempt · FRAMINGHAM, MA 01702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,989,355 | $1,680,347 | $6,309,008 | $23,661,699 | $65,755 | $23,595,944 |
| June 30, 2024 | 990 | $2,100,242 | $1,836,687 | $263,555 | $16,801,842 | $10,933 | $16,790,909 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,893,328
- of which government grants
- $953,423
- Program service revenue
- $0
- Investment income
- $1,096,027
- Net gain from sales of assets
- $746,646
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,278,607
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $58,017
- Program services (functional)
- $1,278,607
- Management and general (functional)
- $183,916
- Fundraising (functional)
- $217,824
Balance sheet and other
- Total assets, start of year
- $16,801,842
- Total assets, end of year
- $23,661,699
- Total liabilities, end of year
- $65,755
- Net assets, end of year
- $23,595,944
- Publicly traded securities
- $22,119,097
- Net assets without donor restrictions
- $9,070,689
- Net assets with donor restrictions
- $14,525,255
- Gross receipts
- $9,617,484
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1983
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ERIC GUSTAFSON | EXECUTIVE DIRECTOR Officer | 40 | $0 | $167,331 | $72,689 |
| MICHAEL GATLIN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KATHLEEN FREEMAN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES HASTINGS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROBERT POWER | ASST. TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARGARET GUARDIANI | CLERK Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DENNIS ALVES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT BONNEVIE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DEBRA CLEVELAND | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVE DEVINE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CLAIRE ESTEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT FIELDS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN FOLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SERENA GILCHREST | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ELINOR GOODWIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR HELEN HEINEMAN | DIRECTOR Trustee or director | 1 | $0 |
| DR DUC LE | DIRECTOR Trustee or director | 1 | $0 |
| ELAINE MARTIN | DIRECTOR Trustee or director | 1 | $0 |
| PERVEZ MAZEED | DIRECTOR Trustee or director | 1 | $0 |
| ANN MUIR | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE MURPHY | DIRECTOR Trustee or director | 1 | $0 |
| JOAN MURTAUGH | DIRECTOR Trustee or director | 1 | $0 |
| JOSPEH PALOWICH | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT POWERS | DIRECTOR Trustee or director | 1 | $0 |
| MAUREEN REMEIKA | DIRECTOR Trustee or director | 1 | $0 |
| JUAN RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 |
| KELLY SARDELLA | DIRECTOR Trustee or director | 1 | $0 |
| MICHELE SAULIS | DIRECTOR Trustee or director | 1 | $0 |
| STEVEN WHITTEMORE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ERIC GUSTAFSON | EXECUTIVE DIRECTOR Officer | 40 | $0 | $160,998 | $69,551 |
| DR ROBERT BONNEVIE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ELAINE MARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CLAIRE ESTEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN FOLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT FIELDS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KATHLEEN FREEMAN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL GATLIN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HON BARBARA GARDNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARGARET GUARDIANI | CLERK Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES HASTINGS | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR HELEN HEINEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PERVEZ MAZEED | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH PALOWICH JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT POWER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR DANIEL REMILLARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOAN MURTAUGH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHELLE MURPHY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID WEINBERG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DENNIS ALVES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVE DEVINE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR DUC LE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JUAN RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 STATE ST, FRAMINGHAM, MA 01702-2499
- Principal officer (990 for 2024)
- ERIC GUSTAFSON, 100 STATE STREET, FRAMINGHAM, MA 01701
- Signed the 990
- JAMES HASTINGS, TREASURER
- Phone
- (508) 626-4668
- Return prepared by
- MURPHY EDWARDS GONCALVES & FERRERA PC
Mission
TO RECEIVE AND MAINTAIN FUNDS TO BE USED IN THE BEST INTEREST OF FRAMINGHAM STATE UNIVERSITY FOR THE DEVELOPMENT, PROMOTION AND BENEFIT OF THE UNIVERSITY AND ITS STUDENTS.
Program accomplishments
- PROVIDE SCHOLARSHIPS AND AWARDS TO BENEFIT FRAMINGHAM STATE UNIVERSITY AND ITS STUDENTS.Expenses $1,278,607 · grants $1,278,607
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2742666
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $23,661,699
- Income (IRS master file)
- $9,617,484
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $7,989,355 | $1,680,347 | $23,661,699 | XML |
| 990 | June 2024 | $2,100,242 | $1,836,687 | $16,801,842 | XML |
| 990 | June 2023 | $2,093,585 | $1,833,552 | $15,376,898 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2742666).
Questions about FRAMINGHAM STATE UNIVERSITY FOUNDATION INC
- What is the EIN of FRAMINGHAM STATE UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of FRAMINGHAM STATE UNIVERSITY FOUNDATION INC is 04-2742666.
- Is FRAMINGHAM STATE UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to FRAMINGHAM STATE UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRAMINGHAM STATE UNIVERSITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRAMINGHAM STATE UNIVERSITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRAMINGHAM STATE UNIVERSITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRAMINGHAM STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names ERIC GUSTAFSON.
- Who are the officers and directors of FRAMINGHAM STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 29 people; 0 received compensation from the organization.
- How much revenue does FRAMINGHAM STATE UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,989,355, expenses of $1,680,347 and total assets of $23,661,699 at year end.
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