Civic Intelligence

Wakefield Educational Foundation Inc.

990EZ • Fiscal year 2020 • EIN 04-3052276

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

PO Box 1752Wakefield, MA 01880

(781) 246-0768

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

16th percentile

-35%

Higher net margin than 16% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

41st percentile

-0.5%

Faster asset growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

-10%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$163,244

Down $802 (-0.5%) from 2019

Net Assets

Down

$163,244

Down $802 (-0.5%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$33,296

Down $3,729 (-10%) from 2019

Expenses

Up

$44,851

Up $14,942 (+50%) from 2019

Net Income

Down

-$11,555

Down $18,671 (-262%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2011: $140,928Liabilities 2011: $02011Assets 2012: $153,648Liabilities 2012: $02012Assets 2013: $151,183Liabilities 2013: $02013Assets 2014: $155,199Liabilities 2014: $0Net Assets 2014: $155,1992014Assets 2015: $152,812Liabilities 2015: $0Net Assets 2015: $152,8122015Assets 2016: $151,211Liabilities 2016: $0Net Assets 2016: $151,2112016Assets 2017: $161,215Liabilities 2017: $0Net Assets 2017: $161,2152017Assets 2018: $165,056Liabilities 2018: $0Net Assets 2018: $165,0562018Assets 2019: $164,046Liabilities 2019: $0Net Assets 2019: $164,0462019Assets 2020: $163,244Liabilities 2020: $0Net Assets 2020: $163,2442020Assets 2021: $196,381Liabilities 2021: $0Net Assets 2021: $196,3812021Assets 2022: $162,285Liabilities 2022: $0Net Assets 2022: $162,2852022Assets 2023: $159,120Liabilities 2023: $0Net Assets 2023: $159,1202023Assets 2024: $176,564Liabilities 2024: $0Net Assets 2024: $176,5642024

Highlighted filing

2020

Assets$163,244
Liabilities$0
Net Assets$163,244

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2011: $19,839Expenses 2011: $22,853Net Income 2011: -$3,0142011Revenue 2012: $30,658Expenses 2012: $17,939Net Income 2012: $12,7192012Revenue 2013: $29,977Expenses 2013: $32,442Net Income 2013: -$2,4652013Revenue 2014: $28,520Expenses 2014: $24,504Net Income 2014: $4,0162014Revenue 2015: $25,604Expenses 2015: $27,991Net Income 2015: -$2,3872015Revenue 2016: $24,265Expenses 2016: $25,866Net Income 2016: -$1,6012016Revenue 2017: $34,140Expenses 2017: $24,136Net Income 2017: $10,0042017Revenue 2018: $38,775Expenses 2018: $34,934Net Income 2018: $3,8412018Revenue 2019: $37,025Expenses 2019: $29,909Net Income 2019: $7,1162019Revenue 2020: $33,296Expenses 2020: $44,851Net Income 2020: -$11,5552020Revenue 2021: $46,483Expenses 2021: $7,176Net Income 2021: $39,3072021Revenue 2022: $26,499Expenses 2022: $40,149Net Income 2022: -$13,6502022Revenue 2023: $58,948Expenses 2023: $76,819Net Income 2023: -$17,8712023Revenue 2024: $92,189Expenses 2024: $70,256Net Income 2024: $21,9332024

Highlighted filing

2020

Revenue$33,296
Expenses$44,851
Net Income-$11,555
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.0
Gross Receipts
$47,718
Mission and Program Overview

Mission

The foundation solicits grant proposals from teachers working within the Wakefield Public Schools. A committee of Foundation members selects proposals, which appear to have benefit for the largest number of public school students possible. Grant monies are contributed to the Wakefield Public Schools for implementation of the selected proposals. Grant monies received from corporate organizations may be earmarked for specific programs such as health and environmental education. Such grants are contributed to the Wakefield Public Schools for expenditure on the specific program.

Program Services

DescriptionGrantsExpenses
Grants to members of Wakefield, Massachusetts Public School Programs$43,286$43,286
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cary MazzoneCo-PresidentPT$0--
Melissa HolmesCo-PresidentPT$0--
Mary LetchfordTreasurerPT$0--
Violetta YuSecretary-$0--
Kim HartmanDirector-$0--
Linda McManamaDirector-$0--
Jennifer MoonDirector-$0--
Elizabeth RussellDirector-$0--
Jennifer TheriaultDirector-$0--
Susan WordenDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
chocolate rose sales$11,629$11,629$8,913$2,716
spelling bee$8,560$8,560$947$7,613
Total Events$26,482$26,482$13,566$12,916
Filing and Contact Details

Filer

Filer Name
Wakefield Educational Foundation Inc
EIN
04-3052276
Phone
7812460768
Address
PO Box 1752, Wakefield, MA 01880

Signing Officer

Name
Linda McManama
Title
Director
Phone
7812460768
Signed
2021-11-05
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

The foundation solicits grant proposals from teachers working within the Wakefield Public Schools. A committee of Foundation members selects proposals, which appear to have benefit for the largest number of public school students possible. Grant monies are contributed to the Wakefield Public Schools for implementation of the selected proposals. Grant monies received from corporate organizations may be earmarked for specific programs such as health and environmental education. Such grants are contributed to the Wakefield Public Schools for expenditure on the specific program.

Form 990-EZ, Part I, Line 16

Description;Amount^Chamber of Commerce membership;95|Website services;567|Post Office box rental fee;134|MA Secretary of State filing;19|Gift card;50^Total;865^

Form 990-EZ, Part I, Line 20

Description;Amount^Unrealized gain in investment value;10753^Total;10753^

Raw XML Appendix256 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0The foundation solicits grant proposals from teachers working within the Wakefield Public Schools. A committee of Foundation members selects proposals, which appear to have benefit for the largest number of public school students possible. Grant monies are contributed to the Wakefield Public Schools for implementation of the selected proposals. Grant monies received from corporate organizations may be earmarked for specific programs such as health and environmental education. Such grants are contributed to the Wakefield Public Schools for expenditure on the specific program.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Income from chocolate rose candy sales fundraiser held in the winter of 2016, 2017, 2018, 2019 and 2020; a school calendar sales fundraiser held in the fall of 2016, 2017, 2018, 2019 and 2020; a spelling bee fundraiser held in the winter of 2017, 2018, 2019 and 2020.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The foundation solicits grant proposals from teachers working within the Wakefield Public Schools. A committee of Foundation members selects proposals, which appear to have benefit for the largest number of public school students possible. Grant monies are contributed to the Wakefield Public Schools for implementation of the selected proposals. Grant monies received from corporate organizations may be earmarked for specific programs such as health and environmental education. Such grants are contributed to the Wakefield Public Schools for expenditure on the specific program.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;Amount^Chamber of Commerce membership;95|Website services;567|Post Office box rental fee;134|MA Secretary of State filing;19|Gift card;50^Total;865^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;Amount^Unrealized gain in investment value;10753^Total;10753^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 20
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Linda McManama
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07812460768
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WAKEFIELD EDUCATIONAL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WAKE
ReturnHeader/Filer/EIN0043052276
ReturnHeader/Filer/PhoneNum07812460768
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1752
ReturnHeader/Filer/USAddress/CityNm0Wakefield
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001880
ReturnHeader/ReturnTs02021-11-05T12:01:36-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.92$0.70$0.22
2023Detailed filing. Detailed filing data is available for this year.$1.59$0.00$1.59$0.59$0.77$0.18
2022Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$0.26$0.40$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$0.46$0.07$0.39
2020Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$0.33$0.45$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.37$0.30$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.65$0.00$1.65$0.39$0.35$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$0.34$0.24$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$0.24$0.26$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$0.26$0.28$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.55$0.00$1.55$0.29$0.25$0.04
2013Summary only. Only limited summary data is available for this year.$1.51$0.00$0.30$0.32$0.02
2012Summary only. Only limited summary data is available for this year.$1.54$0.00$0.31$0.18$0.13
2011Summary only. Only limited summary data is available for this year.$1.41$0.00$0.20$0.23$0.03