University Of Massachusetts Foundation Inc

Newton, MA
Tax-exempt since March 1957
EIN: 04-6013152

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Revenue

$113M (2023)

Expenses

$46.1M (2023)

Total Assets

$1.15B (2023)

Total Liabilities

$22M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Revenue

$113,438,486

Expenses

$46,052,746

Net Income

$67,385,740

Net Assets

$1,125,477,097

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$73,320,621	64.6%
Program Services	$0
Investment Income	$10,792,579	9.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$16,743,156	14.8%
Net Inventory Sales	$0
Other Revenue	$12,582,130	11.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,210,770	4.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,229,944	2.7%

Assets/Debt
Total Assets	$1,147,511,717
Total Liabilities	$22,034,620
Net Assets	$1,125,477,097

Compensation

Key Employees and Officers	Compensation	Related	Other
Jonathan Gibbons (Chief Investment Officer)	$1,287,531	$0	$565,704
Geoffrey Bowes (Managing Director, Investment Team)	$508,823	$0	$256,811
James R Julian Jr (Ceo (As Of Aug. 2022))	$366,862	$0	$48,678
Theresa Curry Vp Develop (Constituent Engmt/Assoc Gen Counsel)	$288,031	$0	$29,608
Linda Liang (Dir Of Operations (Until Sept. 2022))	$201,813	$0	$30,913
Sarah Mcdonnel (Assistant General Counsel)	$120,790	$0	$12,170
Maura O'keefe (Senior Foundation Associate)	$114,562	$0	$14,585
Paul Dawley (General Counsel (As Of July 2022))	$109,997	$0	$26,240
Barry F Morrison (Cfo (As Of Aug. 2022))	$103,077	$0	$10,468
Christopher Youlden (Invmt. Associate (Until Apr. 2022))	$101,529	$0	$8,172
Nathan P Chesley (Director)	$0	$0	$0
Jose J Cortez (Director)	$0	$0	$0
Katherine P Craven (Director (As Of Jan. 2023))	$0	$0	$0
Jose F Demederios (Director)	$0	$0	$0
Daniel E Feder (Director)	$0	$0	$0
Grace K Fey (Director)	$0	$0	$0
Warren J Isabelle (Director)	$0	$0	$0
Philip W Johnston (Director)	$0	$0	$0
R Norman Peters Esq (Director)	$0	$0	$0
Robert R Reitano (Director)	$0	$0	$0
Suzanne L Stefany (Director)	$0	$0	$0
Robert J Manning (Vice Chair (As Of July 2022))	$0	$0	$0
Victor Woolridge (Treasurer (As Of July 2022))	$0	$0	$0
Edward H D'alelio (Chair)	$0	$0	$0
Maria D Furman (Secretary)	$0	$0	$0
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990

Filed on May 15, 2024

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Fiscal Year Ending June
2022

Revenue

$315,298,982

Expenses

$29,200,176

Net Income

$286,098,806

Net Assets

$970,923,672

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$295,558,007	93.7%
Program Services	$0
Investment Income	-$8,607,499
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$15,820,041	5.0%
Net Inventory Sales	$0
Other Revenue	$12,528,433	4.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$208,748	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,227,994	4.2%

Assets/Debt
Total Assets	$988,407,109
Total Liabilities	$17,483,437
Net Assets	$970,923,672

Compensation

Key Employees and Officers	Compensation	Related	Other
Jonathan Gibbons (Chief Investment Officer)	$742,749	$0	$300,313
Geoffrey Bowes (Managing Director, Investment Team)	$356,638	$0	$162,256
Judith A Murphy (Assoc. Vp Fin/Ctrl (Until Jan 2022))	$203,232	$0	$50,098
Linda Liang (Director Of Operations)	$192,574	$0	$54,169
Christopher J Youlden (Invmt. Associate (Until Apr. 2022))	$158,060	$0	$16,356
Sandy Fisher Assoc Vp (Adv. Systems (Until Jan 2022))	$153,289	$0	$17,710
Daniel Swartz Exec Dir (Adv. Systems (Until Jan. 2022))	$134,526	$0	$42,756
Mary L Burns (Director)	$0	$0	$0
Lisa A Calise (Director)	$0	$0	$0
Nathan P Chesley (Director)	$0	$0	$0
Douglas Cliggott (Director (Until July 2021))	$0	$0	$0
Michael F Collins Md (Director)	$0	$0	$0
Jose J Cortez (Director)	$0	$0	$0
Sandra E Costa (Director (Until Dec. 2021))	$0	$0	$0
Jose F Demederios (Director)	$0	$0	$0
Robert D Ettinger (Director (Until Dec. 2021))	$0	$0	$0
Daniel E Feder (Director)	$0	$0	$0
Grace K Fey (Director (As Of Jan. 2022))	$0	$0	$0
Patricia C Flaherty (Director (Until Dec. 2021))	$0	$0	$0
Mark A Fuller (Director)	$0	$0	$0
Philip W Johnston (Director)	$0	$0	$0
Robert J Manning (Director)	$0	$0	$0
Jacqueline Moloney (Director (Until June 2022))	$0	$0	$0
R Norman Peters Esq (Director)	$0	$0	$0
Robert R Reitano (Director)	$0	$0	$0
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990

Filed on May 15, 2023

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Fiscal Year Ending June
2021

Revenue

$57,111,837

Expenses

$28,773,419

Net Income

$28,338,418

Net Assets

$835,984,437

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$21,752,731	38.1%
Program Services	$0
Investment Income	-$5,637,357
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$28,687,565	50.2%
Net Inventory Sales	$0
Other Revenue	$12,308,898	21.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$769,535	2.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,155,694	4.0%

Assets/Debt
Total Assets	$842,030,994
Total Liabilities	$6,046,557
Net Assets	$835,984,437

Compensation

Key Employees and Officers	Compensation	Related	Other
Jonathan Gibbons (Chief Investment Officer)	$552,480	$0	$183,208
Geoffrey Bowes (Managing Director, Investment Team)	$304,820	$0	$57,977
Judith A Murphy (Assoc. Vp Finance/Controller)	$205,251	$0	$40,855
Linda Liang (Director Of Operations)	$161,884	$0	$48,496
Sandy Fisher (Assoc. Vp, Advancement Systems)	$153,998	$0	$19,198
Daniel Swartz (Exec. Director, Advancement Systems)	$138,542	$0	$32,850
Christopher J Youlden (Investment Associate)	$133,848	$0	$13,385
Mary L Burns (Director)	$0	$0	$0
Lisa A Calise (Director)	$0	$0	$0
Nathan P Chesley (Director)	$0	$0	$0
Douglas Cliggott (Director)	$0	$0	$0
Michael F Collins Md (Director)	$0	$0	$0
Sandra E Costa (Director)	$0	$0	$0
Jose F Demederios (Director)	$0	$0	$0
Robert D Ettinger (Director)	$0	$0	$0
Daniel E Feder (Director)	$0	$0	$0
Patricia C Flaherty (Director)	$0	$0	$0
Mark A Fuller (Director (As Of 1/19/21))	$0	$0	$0
Warren J Isabelle (Director)	$0	$0	$0
Robert E Johnson Phd (Director (Until 9/4/20))	$0	$0	$0
Philip W Johnston (Director)	$0	$0	$0
Robert J Manning (Director)	$0	$0	$0
Jacqueline Moloney (Director)	$0	$0	$0
Katherine S Newman Phd (Director (Until 8/1/20))	$0	$0	$0
R Norman Peters Esq (Director)	$0	$0	$0
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990

Filed on May 16, 2022

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Fiscal Year Ending June
2020

Revenue

$48,530,151

Expenses

$28,054,629

Net Income

$20,475,522

Net Assets

$635,208,914

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$31,505,786	64.9%
Program Services	$0
Investment Income	-$966,990
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$18,658
Sales of Assets	$6,996,884	14.4%
Net Inventory Sales	$0
Other Revenue	$11,013,129	22.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$415,047	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,618,562	5.8%

Assets/Debt
Total Assets	$642,455,669
Total Liabilities	$7,246,755
Net Assets	$635,208,914

Compensation

Key Employees and Officers	Compensation	Related	Other
Jonathan Gibbons (Chief Investment Officer)	$500,429	$0	$135,157
Charles J Pagnam (Former Executive Vp)	$358,276	$0	$37,703
Geoffrey Bowes (Managing Director, Investment Team)	$310,812	$0	$56,861
Judith A Murphy (Assoc. Vp/Controller)	$192,758	$0	$45,187
Linda Liang (Director Of Operations)	$163,657	$0	$48,523
Sandy Fisher (Assoc. Vp, Advancement Systems)	$144,061	$0	$19,471
Christopher Youlden (Senior Financial Analyst)	$134,084	$0	$18,764
Daniel Swartz (Exec. Director, Advancement)	$129,315	$0	$37,574
Mary L Burns (Director)	$0	$0	$0
Lisa A Calise (Director)	$0	$0	$0
Nathan P Chesley (Director)	$0	$0	$0
Douglas Cliggott (Director)	$0	$0	$0
Michael F Collins Md (Director)	$0	$0	$0
Sandra E Costa (Director)	$0	$0	$0
Jose F Demedeiros (Director)	$0	$0	$0
Robert D Ettinger (Director)	$0	$0	$0
Daniel E Feder (Director)	$0	$0	$0
Patricia C Flaherty (Director)	$0	$0	$0
Stanley L Fung (Director)	$0	$0	$0
Maria D Furman (Director)	$0	$0	$0
Warren J Isabelle (Director)	$0	$0	$0
Robert E Johnson Phd (Director)	$0	$0	$0
Philip W Johnston (Director)	$0	$0	$0
Robert J Manning (Director)	$0	$0	$0
Martin T Meehan (Director)	$0	$0	$0
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990

Filed on May 14, 2021

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990-T

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Fiscal Year Ending June
2019

Revenue

$46,371,956

Expenses

$28,589,662

Net Income

$17,782,294

Net Assets

$608,525,648

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$19,711,320	42.5%
Program Services	$0
Investment Income	$313,419	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$37,875
Sales of Assets	$15,283,973	33.0%
Net Inventory Sales	$0
Other Revenue	$11,101,119	23.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$659,754	2.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,708,295	6.0%

Assets/Debt
Total Assets	$612,317,731
Total Liabilities	$3,792,083
Net Assets	$608,525,648

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles J Pagnam (Executive Vice President)	$463,009	$0	$169,620
Jonathan Gibbons (Chief Investment Officer)	$455,201	$0	$61,486
Judith A Murphy (Assoc. Vp/Controller)	$196,745	$0	$72,551
Linda Liang (Director Of Operations)	$161,861	$0	$45,647
Sandy Fisher (Assoc. Vp/Advancement Info Svc.)	$147,041	$0	$54,430
Daniel Swartz (Exec. Dir. Of Advancement Systems)	$126,069	$0	$46,791
Christopher Youlden (Senior Financial Analyst)	$122,047	$0	$35,531
Edward H D'alelio (Chair/Director)	$0	$0	$0
Martin T Meehan (Director)	$0	$0	$0
James P Pappas (Secretary/Director)	$0	$0	$0
Stephen R Dunne (Treasurer/Director)	$0	$0	$0
Robert E Johnson Phd (Director)	$0	$0	$0
Suzanne L Stefany (Director)	$0	$0	$0
Philip W Johnston (Director)	$0	$0	$0
Katherine S Newman Phd (Director)	$0	$0	$0
Lisa A Calise (Director)	$0	$0	$0
Robert J Manning (Director)	$0	$0	$0
Sandra E Costa (Director)	$0	$0	$0
Nathan P Chesley (Director)	$0	$0	$0
Mary L Burns (Director)	$0	$0	$0
Jacqueline Moloney (Director)	$0	$0	$0
Michael F Collins Md (Director)	$0	$0	$0
Stanley L Fung (Director (Until 12/31/18))	$0	$0	$0
Daniel E Feder (Director)	$0	$0	$0
Douglas Cliggott (Director)	$0	$0	$0
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990

Filed on May 15, 2020

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Fiscal Year Ending June
2018

Revenue

$54,705,103

Expenses

$29,309,752

Net Income

$25,395,351

Net Assets

$577,933,323

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$29,674,159	54.2%
Program Services	$0
Investment Income	$1,259,134	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$46,231
Sales of Assets	$12,560,687	23.0%
Net Inventory Sales	$0
Other Revenue	$11,257,354	20.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$896,770	3.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$627,364	2.1%

Assets/Debt
Total Assets	$581,671,426
Total Liabilities	$3,738,103
Net Assets	$577,933,323

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles J Pagnam (Executive Vice President)	$462,923	$0	$166,085
Jonathan Gibbons (Chief Investment Officer)	$199,042	$0	$15,275
Judith A Murphy (Assoc. Vp/Controller)	$196,708	$0	$71,054
Sandy Fisher (Assoc. Vp/Advancement Info Svc.)	$147,013	$0	$53,315
Daniel Swartz (Exec. Dir. Of Advancement Systems)	$119,968	$0	$43,665
Christopher Youlden (Senior Financial Analyst)	$115,877	$0	$42,200
Sarah Mcdonnell (Sr. Foundation Associate)	$108,621	$0	$39,609
Edward H D'alelio (Treasurer/Director)	$0	$0	$0
Martin T Meehan (Chair/Director)	$0	$0	$0
James P Pappas (Secretary/Director)	$0	$0	$0
Stephen R Dunne (Director)	$0	$0	$0
Robert E Johnson Phd (Director)	$0	$0	$0
Suzanne L Stefany (Director)	$0	$0	$0
Philip W Johnston (Director)	$0	$0	$0
Lisa A Calise (Director)	$0	$0	$0
Robert J Manning (Director)	$0	$0	$0
Sandra E Costa (Director)	$0	$0	$0
Nathan P Chesley (Director)	$0	$0	$0
Mary L Burns (Director)	$0	$0	$0
Jacqueline Moloney (Director)	$0	$0	$0
Michael F Collins Md (Director)	$0	$0	$0
Daniel E Feder (Director)	$0	$0	$0
Douglas Cliggott (Director)	$0	$0	$0
Kumble R Subbaswamy Phd (Director)	$0	$0	$0
Patricia C Flaherty (Director)	$0	$0	$0
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990

Filed on May 1, 2019

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990-T

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Fiscal Year Ending June
2017

Revenue

$72,672,824

Expenses

$23,620,843

Net Income

$49,051,981

Net Assets

$538,580,927

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$40,556,084	55.8%
Program Services	$0
Investment Income	$1,565,895	2.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$35,736
Sales of Assets	$20,009,708	27.5%
Net Inventory Sales	$0
Other Revenue	$10,576,873	14.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$162,855	0.7%

Assets/Debt
Total Assets	$542,558,498
Total Liabilities	$3,977,571
Net Assets	$538,580,927

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles J Pagnam (Executive Vice President)	$454,962	$0	$150,699
Judith A Murphy (Assoc. Vp/Controller)	$193,477	$0	$64,541
Sandy Fisher (Assoc. Vp/Advancement Info Services)	$144,668	$0	$48,464
Daniel Swartz (Advancement Systems Associate)	$116,863	$0	$39,325
Christopher Youlden (Senior Financial Analyst)	$112,877	$0	$38,010
Sarah Mcdonnell (Sr. Foundation Associate)	$105,810	$0	$35,680
Susan Davis (Senior Foundation Associate)	$103,265	$0	$10,327
Martin T Meehan (Chair/President/Director)	$0	$0	$0
James P Pappas (Secretary/Director)	$0	$0	$0
Edward H D'alelio (Treasurer/Director)	$0	$0	$0
Douglas Cliggott (Director)	$0	$0	$0
Stephen R Dunne (Director)	$0	$0	$0
Daniel E Feder (Director)	$0	$0	$0
Stanley L Fung (Director)	$0	$0	$0
Maria D Furman (Director)	$0	$0	$0
Warren J Isabelle (Director)	$0	$0	$0
John D Kattar (Director)	$0	$0	$0
R Norman Peters Esq (Director)	$0	$0	$0
Mary L Reed (Director)	$0	$0	$0
Robert R Reitano (Director)	$0	$0	$0
Michael F Collins Md (Director)	$0	$0	$0
Patricia C Flaherty (Director)	$0	$0	$0
James R Julian Jr (Director)	$0	$0	$0
Kumble R Subbaswamy Phd (Director)	$0	$0	$0
Robert J Manning (Director)	$0	$0	$0
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990

Filed on April 27, 2018

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Fiscal Year Ending June
2016

Revenue

$39,589,745

Expenses

$24,637,297

Net Income

$14,952,448

Net Assets

$465,814,043

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$29,849,462	75.4%
Program Services	$0
Investment Income	$1,011,346	2.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$72,193
Sales of Assets	-$2,214,192
Net Inventory Sales	$0
Other Revenue	$11,015,322	27.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$224,639	0.9%

Assets/Debt
Total Assets	$470,604,215
Total Liabilities	$4,790,172
Net Assets	$465,814,043

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles J Pagnam (Executive Vice President)	$467,895	$0	$140,240
Judith A Murphy (Assoc. Vp/Controller)	$184,333	$0	$55,815
Sandy Fisher (Assoc. Vp/Advancement Services)	$137,297	$0	$41,782
Daniel Swartz (Advancement Systems Associate)	$120,059	$0	$36,636
Christopher Youlden (Senior Financial Analyst)	$115,179	$0	$35,132
Sarah Mcdonnell (Sr. Foundation Associate)	$108,701	$0	$33,248
Susan Davis (Senior Foundation Associate)	$101,730	$0	$10,173
Martin T Meehan (President/Director)	$0	$0	$0
James P Pappas (Secretary/Director)	$0	$0	$0
Edward H D'alelio (Treasurer/Director)	$0	$0	$0
Douglas Cliggott (Director)	$0	$0	$0
Stephen A Collins (Director (Until Dec. 2015))	$0	$0	$0
Stephen R Dunne (Director)	$0	$0	$0
Daniel E Feder (Director)	$0	$0	$0
Stanley L Fung (Director)	$0	$0	$0
Maria D Furman (Director)	$0	$0	$0
Warren J Isabelle (Director)	$0	$0	$0
John D Kattar (Director)	$0	$0	$0
Mark A Marinella (Director)	$0	$0	$0
R Norman Peters Esq (Director)	$0	$0	$0
Mary L Reed (Director)	$0	$0	$0
Robert R Reitano (Director)	$0	$0	$0
Andrew T Rudd (Director)	$0	$0	$0
Karl E White (Director (Until Dec. 2015))	$0	$0	$0
Michael F Collins Md (Director)	$0	$0	$0
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990

Filed on March 29, 2017

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990-T

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Fiscal Year Ending June
2015

Revenue

$55,826,719

Expenses

$25,095,177

Net Income

$30,731,542

Net Assets

$468,391,761

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$30,424,916	54.5%
Program Services	$0
Investment Income	$808,236	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$124,897
Sales of Assets	$14,834,609	26.6%
Net Inventory Sales	$0
Other Revenue	$9,883,855	17.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$320,155	1.3%

Assets/Debt
Total Assets	$473,965,653
Total Liabilities	$5,573,892
Net Assets	$468,391,761

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert M Goodhue Esq (Chief Operating Officer/General Counse)	$218,315	$0	$62,325
Charles J Pagnam (Executive Vice President)	$183,008	$0	$53,388
Judith A Murphy (Assoc. Vice President/Controller)	$168,777	$0	$48,392
Sandy Fisher (Deputy Coo/Dir., Advancement Systems)	$125,711	$0	$36,240
Daniel Swartz (Advancement Systems Associate)	$110,001	$0	$31,806
Mary Ellen Yates (Dir. Of Scholarships & Spec. Events)	$104,976	$0	$10,498
Susan Davis (Senior Foundation Associate)	$103,138	$0	$10,314
Robert L Caret (President/Director)	$0	$0	$0
James P Pappas (Secretary/Director)	$0	$0	$0
Edward H D'alelio (Treasurer/Director)	$0	$0	$0
Richard V Aghababian Md (Director (Until Oct. 2014))	$0	$0	$0
Douglas Cliggott (Director)	$0	$0	$0
Stephen A Collins (Director)	$0	$0	$0
Joseph C Day (Director (Until Dec. 2014))	$0	$0	$0
Stephen R Dunne (Director)	$0	$0	$0
Daniel E Feder (Director)	$0	$0	$0
Stanley L Fung (Director)	$0	$0	$0
Maria D Furman (Director)	$0	$0	$0
Warren J Isabelle (Director)	$0	$0	$0
John D Kattar (Director)	$0	$0	$0
Mark A Marinella (Director)	$0	$0	$0
R Norman Peters Esq (Director)	$0	$0	$0
Mary L Reed (Director)	$0	$0	$0
Robert R Reitano (Director)	$0	$0	$0
Andrew T Rudd (Director)	$0	$0	$0
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990

Filed on March 30, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending June
2014

Revenue

$44,571,608

Expenses

$17,059,654

Net Income

$27,511,954

Net Assets

$455,131,237

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$24,936,176	55.9%
Program Services	$0
Investment Income	$799,157	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$139,713
Sales of Assets	$9,751,889	21.9%
Net Inventory Sales	$0
Other Revenue	$9,224,099	20.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$29,531	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$217,931	1.3%

Assets/Debt
Total Assets	$460,140,697
Total Liabilities	$5,009,460
Net Assets	$455,131,237

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert M Goodhue Esq (Interim Evp/General Counsel)	$194,464	$0	$48,938
Judith A Murphy (Assoc. Vice President/Controller)	$164,339	$0	$45,825
Charles J Pagnam (Executive Vice President)	$122,677	$0	$37,748
Sandy A King (Deputy Chief Operating Officer)	$122,404	$0	$34,310
Mary Ellen Yates (Dir. Of Scholarships & Spec. Events)	$102,200	$0	$10,220
Robert L Caret (President/Director)	$0	$0	$0
James P Pappas (Secretary/Director)	$0	$0	$0
Edward H D'alelio (Treasurer/Director)	$0	$0	$0
Richard V Aghababian Md (Director)	$0	$0	$0
Douglas Cliggott (Director)	$0	$0	$0
Stephen A Collins (Director)	$0	$0	$0
Joseph C Day (Director)	$0	$0	$0
Stephen R Dunne (Director)	$0	$0	$0
Daniel E Feder (Director)	$0	$0	$0
Stanley L Fung (Director)	$0	$0	$0
Maria D Furman (Director)	$0	$0	$0
Warren J Isabelle (Director)	$0	$0	$0
John D Kattar (Director)	$0	$0	$0
Mark A Marinella (Director)	$0	$0	$0
R Norman Peters Esq (Director)	$0	$0	$0
Mary L Reed (Director)	$0	$0	$0
Robert R Reitano (Director)	$0	$0	$0
Andrew T Rudd (Director)	$0	$0	$0
Karl E White (Director)	$0	$0	$0
Roy J Zuckerberg (Director)	$0	$0	$0
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990

Filed on March 12, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2013

Revenue

$38,624,455

Expenses

$18,622,024

Net Income

$20,002,431

Net Assets

$394,286,411

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$22,055,603	57.1%
Program Services	$0
Investment Income	$950,927	2.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$72,108
Sales of Assets	$6,722,173	17.4%
Net Inventory Sales	$0
Other Revenue	$8,967,860	23.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$54,579	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$243,249	1.3%

Assets/Debt
Total Assets	$399,603,111
Total Liabilities	$5,316,700
Net Assets	$394,286,411

990

Filed on June 21, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2012

Revenue

$39,901,172

Expenses

$22,686,709

Net Income

$17,214,463

Net Assets

$364,762,800

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$24,104,638	60.4%
Program Services	$0
Investment Income	$2,194,427	5.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$18,563	0.0%
Sales of Assets	$6,301,146	15.8%
Net Inventory Sales	$0
Other Revenue	$7,282,398	18.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$203,218	0.9%

Assets/Debt
Total Assets	$370,524,806
Total Liabilities	$5,762,006
Net Assets	$364,762,800

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$39,411,691

Expenses

$17,255,705

Net Income

$22,155,986

Net Assets

$359,265,558

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$26,125,057	66.3%
Program Services	$0
Investment Income	$3,388,439	8.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$28,978
Sales of Assets	$3,446,343	8.7%
Net Inventory Sales	$0
Other Revenue	$6,480,830	16.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$97,500	0.6%

Assets/Debt
Total Assets	$366,761,300
Total Liabilities	$7,495,742
Net Assets	$359,265,558

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

University Of Massachusetts Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $113M (2023)

Expenses $46.1M (2023)

Total Assets $1.15B (2023)

Total Liabilities $22M (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

Revenue

$113M (2023)

Expenses

$46.1M (2023)

Total Assets

$1.15B (2023)

Total Liabilities

$22M (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002