The Bridgewater State University Foundation
Bridgewater State University Foundation: Strong Asset Growth, Variable Revenue
EIN: 222678005 · Bridgewater, MA · NTEE: B114 · Updated: 2026-04-04
Is The Bridgewater State University Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Bridgewater State University Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Bridgewater State University Foundation
The Bridgewater State University Foundation (EIN: 222678005) is a nonprofit organization based in Bridgewater, MA, classified under NTEE code B114. The organization reported total revenue of $16.6M and total assets of $70.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Bridgewater State University Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Bridgewater State University Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, The Bridgewater State University Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, suggesting that executive compensation is either covered by Bridgewater State University directly or that leadership roles are entirely voluntary.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for The Bridgewater State University Foundation:
- Significant asset growth from $33,036,677 in 2016 to $70,342,148 in 2023, demonstrating strong financial management and investment.
- Consistent low administrative and fundraising costs relative to program expenses (implied by 0% compensation and general university foundation structure).
- Clear mission supporting Bridgewater State University, indicating a focused purpose.
Frequently Asked Questions about The Bridgewater State University Foundation
Is The Bridgewater State University Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Bridgewater State University Foundation (EIN: 222678005) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does The Bridgewater State University Foundation spend its money?
The Bridgewater State University Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Bridgewater State University Foundation tax-deductible?
The Bridgewater State University Foundation is registered as a tax-exempt nonprofit (EIN: 222678005). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does The Bridgewater State University Foundation do?
The Bridgewater State University Foundation is a nonprofit organization in the Education sector, located in Bridgewater, Massachusetts. It is classified under NTEE code B114.
How much revenue does The Bridgewater State University Foundation have?
The Bridgewater State University Foundation reported total revenue of $16,580,180. Based on 13 IRS 990 filings on record.
What are The Bridgewater State University Foundation's total assets?
The Bridgewater State University Foundation holds total assets of $70,342,148 as reported in IRS 990 filings.
Where is The Bridgewater State University Foundation located?
The Bridgewater State University Foundation is based in Bridgewater, Massachusetts.
What is The Bridgewater State University Foundation's EIN?
The Bridgewater State University Foundation's Employer Identification Number (EIN) is 222678005. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Bridgewater State University Foundation?
The Bridgewater State University Foundation is classified under NTEE code B114 (Education).
Is The Bridgewater State University Foundation a registered 501(c)(3)?
Yes, The Bridgewater State University Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222678005.
Does The Bridgewater State University Foundation file IRS Form 990?
Yes, The Bridgewater State University Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was The Bridgewater State University Foundation's revenue in 2023?
In the 202306 filing period, The Bridgewater State University Foundation reported total revenue of $6,345,488, total expenses of $5,365,276, and net assets of $61,352,566.
Is The Bridgewater State University Foundation's revenue growing or declining?
The Bridgewater State University Foundation's revenue is declining. Revenue went from $8,431,786 (202206) to $6,345,488 (202306), a -24.7% change. Based on 13 filings on record.
What is The Bridgewater State University Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for The Bridgewater State University Foundation covers tax period 202306. It shows revenue of $6,345,488, expenses of $5,365,276, total assets of $61,352,566, and liabilities of $242,635.
How much does The Bridgewater State University Foundation spend on programs vs administration?
Based on IRS 990 analysis, The Bridgewater State University Foundation allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is The Bridgewater State University Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, The Bridgewater State University Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are The Bridgewater State University Foundation's strengths?
Positive indicators for The Bridgewater State University Foundation include: Significant asset growth from $33,036,677 in 2016 to $70,342,148 in 2023, demonstrating strong financial management and investment.. Consistent low administrative and fundraising costs relative to program expenses (implied by 0% compensation and general university foundation structure).. Clear mission supporting Bridgewater State University, indicating a focused purpose.. These findings are derived from AI analysis of the organization's financial filings.
How does The Bridgewater State University Foundation compensate executives?
The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, suggesting that executive compensation is either covered by Bridgewater State University directly or that leadership roles are entirely voluntary. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the foundation manage its investment portfolio to achieve such consistent asset growth despite fluctuating revenues?
While specific investment strategies are not detailed in the provided data, the consistent increase in assets from $33M to over $70M suggests a robust and effective investment management approach, likely involving a diversified portfolio and professional oversight.
Given the reported $0 compensation for key personnel, how are leadership and operational roles effectively staffed and sustained?
The $0 compensation reported for key personnel strongly suggests that the foundation's leadership and operational support are either provided by volunteers or, more likely, are integrated with and funded by Bridgewater State University itself, leveraging university staff and resources.
Filing History
IRS 990 filing history for The Bridgewater State University Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Bridgewater State University Foundation's revenue has grown by 241.8%, moving from $1.9M to $6.3M. Total assets increased by 179.9% over the same period, from $21.9M to $61.4M. Total functional expenses rose by 447.8%, from $979K to $5.4M. In its most recent filing year (2023), The Bridgewater State University Foundation reported a surplus of $980K, with revenue exceeding expenses. The organization holds $243K in liabilities against $61.4M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $61.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $5.4M | $61.4M | $243K | — | — |
| 2022 | $8.4M | $4.1M | $55.3M | $239K | — | View 990 |
| 2021 | $3.5M | $2.9M | $58.4M | $136K | — | View 990 |
| 2020 | $2.5M | $3.1M | $51.2M | $2.1M | — | View 990 |
| 2019 | $3.9M | $2.2M | $50.2M | $824K | — | View 990 |
| 2018 | $12.6M | $2.2M | $48.1M | $825K | — | View 990 |
| 2017 | $3.3M | $2.0M | $37.0M | $826K | — | View 990 |
| 2016 | $3.5M | $1.9M | $33.0M | $550K | — | View 990 |
| 2015 | $4.8M | $1.6M | $32.1M | $269K | — | View 990 |
| 2014 | $2.1M | $1.4M | $30.1M | $293K | — | View 990 |
| 2013 | $2.2M | $1.6M | $25.2M | $221K | — | View 990 |
| 2012 | $4.4M | $926K | $23.3M | $176K | — | View 990 |
| 2011 | $1.9M | $979K | $21.9M | $440K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $5.4M, and assets of $61.4M (revenue -24.7% year-over-year).
- 2022: Revenue of $8.4M, expenses of $4.1M, and assets of $55.3M (revenue +141.2% year-over-year).
- 2021: Revenue of $3.5M, expenses of $2.9M, and assets of $58.4M (revenue +39.8% year-over-year).
- 2020: Revenue of $2.5M, expenses of $3.1M, and assets of $51.2M (revenue -35.3% year-over-year).
- 2019: Revenue of $3.9M, expenses of $2.2M, and assets of $50.2M (revenue -69.3% year-over-year).
- 2018: Revenue of $12.6M, expenses of $2.2M, and assets of $48.1M (revenue +282.1% year-over-year).
- 2017: Revenue of $3.3M, expenses of $2.0M, and assets of $37.0M (revenue -4.5% year-over-year).
- 2016: Revenue of $3.5M, expenses of $1.9M, and assets of $33.0M (revenue -28.2% year-over-year).
- 2015: Revenue of $4.8M, expenses of $1.6M, and assets of $32.1M (revenue +133.3% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.4M, and assets of $30.1M (revenue -5.6% year-over-year).
- 2013: Revenue of $2.2M, expenses of $1.6M, and assets of $25.2M (revenue -50.0% year-over-year).
- 2012: Revenue of $4.4M, expenses of $926K, and assets of $23.3M (revenue +135.2% year-over-year).
- 2011: Revenue of $1.9M, expenses of $979K, and assets of $21.9M.
Data Sources and Methodology
This transparency report for The Bridgewater State University Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.