Civic Intelligence

The Hamilton-Wenham Regional School District Education Fund Inc

EIN 04-3070530 • 501(c)3 • South Hamilton, MA

Profile

The edfund raises money for an educational endowment to support the hamilton-wenham school district. The edfund provides grants to support the public school system.

PO Box 2433South Hamilton, MA 01982

www.hwedfund.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.17x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

1.24x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

97th percentile

83%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

76th percentile

17%

Faster asset growth than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

103%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,404,878

Up $641,222 (+17%) from 2023

Liabilities

Down

$744,018

Down $42,771 (-5.4%) from 2023

Net Assets

Up

$3,660,860

Up $683,993 (+23%) from 2023

Revenue

Up

$600,627

Up $304,977 (+103%) from 2023

Expenses

Down

$99,583

Down $759,431 (-88%) from 2023

Net Income

Up

$501,044

Up $1,064,408 (+189%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $1,730,314Liabilities 2011: $50,000Net Assets 2011: $1,680,3142011Assets 2012: $1,713,972Liabilities 2012: $33,828Net Assets 2012: $1,680,1442012Assets 2013: $1,934,230Liabilities 2013: $26,721Net Assets 2013: $1,907,5092013Assets 2014: $2,267,896Liabilities 2014: $0Net Assets 2014: $2,267,8962014Assets 2015: $2,282,843Liabilities 2015: $23,138Net Assets 2015: $2,259,7052015Assets 2016: $2,277,365Liabilities 2016: $6,150Net Assets 2016: $2,271,2152016Assets 2017: $2,550,645Liabilities 2017: $38,061Net Assets 2017: $2,512,5842017Assets 2018: $2,769,461Liabilities 2018: $62,935Net Assets 2018: $2,706,5262018Assets 2019: $2,894,931Liabilities 2019: $23,746Net Assets 2019: $2,871,1852019Assets 2020: $2,969,898Liabilities 2020: $109,464Net Assets 2020: $2,860,4342020Assets 2021: $3,826,055Liabilities 2021: $60,427Net Assets 2021: $3,765,6282021Assets 2022: $3,425,888Liabilities 2022: $79,904Net Assets 2022: $3,345,9842022Assets 2023: $3,763,656Liabilities 2023: $786,789Net Assets 2023: $2,976,8672023Assets 2024: $4,404,878Liabilities 2024: $744,018Net Assets 2024: $3,660,8602024

Highlighted filing

2024

Assets$4,404,878
Liabilities$744,018
Net Assets$3,660,860

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $162,214Expenses 2011: $122,993Net Income 2011: $39,2212011Revenue 2012: $142,314Expenses 2012: $120,627Net Income 2012: $21,6872012Revenue 2013: $187,475Expenses 2013: $130,153Net Income 2013: $57,3222013Revenue 2014: $786,556Expenses 2014: $175,913Net Income 2014: $610,6432014Revenue 2015: $175,963Expenses 2015: $156,629Net Income 2015: $19,3342015Revenue 2016: $182,214Expenses 2016: $112,968Net Income 2016: $69,2462016Revenue 2017: $370,273Expenses 2017: $130,957Net Income 2017: $239,3162017Revenue 2018: $196,425Expenses 2018: $126,352Net Income 2018: $70,0732018Revenue 2019: $214,440Expenses 2019: $94,185Net Income 2019: $120,2552019Revenue 2020: $185,697Expenses 2020: $185,378Net Income 2020: $3192020Revenue 2021: $298,198Expenses 2021: $67,631Net Income 2021: $230,5672021Revenue 2022: $261,351Expenses 2022: $86,788Net Income 2022: $174,5632022Revenue 2023: $295,650Expenses 2023: $859,014Net Income 2023: -$563,3642023Revenue 2024: $600,627Expenses 2024: $99,583Net Income 2024: $501,0442024

Highlighted filing

2024

Revenue$600,627
Expenses$99,583
Net Income$501,044

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$0.74$3.66$0.60$0.10$0.50
2023Detailed filing. Detailed filing data is available for this year.$3.76$0.79$2.98$0.30$0.86$0.56
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.43$0.08$3.35$0.26$0.09$0.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.83$0.06$3.77$0.30$0.07$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.97$0.11$2.86$0.19$0.19$0.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$0.02$2.87$0.21$0.09$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.77$0.06$2.71$0.20$0.13$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.04$2.51$0.37$0.13$0.24
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.01$2.27$0.18$0.11$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.02$2.26$0.18$0.16$0.02
2014Summary only. Only limited summary data is available for this year.$2.27$0.00$2.27$0.79$0.18$0.61
2013Summary only. Only limited summary data is available for this year.$1.93$0.03$1.91$0.19$0.13$0.06
2012Summary only. Only limited summary data is available for this year.$1.71$0.03$1.68$0.14$0.12$0.02
2011Summary only. Only limited summary data is available for this year.$1.73$0.05$1.68$0.16$0.12$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$1,070,896
Mission and Program Overview

Mission

The edfund raises money for an educational endowment to support the hamilton-wenham school district. The edfund provides grants to support the public school system.

To raise funds and provide financial support to the hamilton-wenham regional school district

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,410,669$3,304,815▼ $105,854
Cash and Non-Interest-Bearing Accounts$352,987$1,100,063▲ $747,076
Total Assets$3,763,656$4,404,878▲ $641,222
Liabilities
Grants Payable$781,289$744,018▼ $37,271
Accounts Payable and Accrued Expenses$5,500--
Total Liabilities$786,789$744,018▼ $42,771
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,976,867$3,660,860▲ $683,993
Total Net Assets Fund Balance$2,976,867$3,660,860▲ $683,993
Total Liabilities and Net Assets / Fund Balance$3,763,656$4,404,878▲ $641,222
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nicole IrelandCo-president
Paul MihaildisCo-president
Carol Lavoie SchusterVice President
Emily S MehtaDirector
Inca GhoshDirector
Janelle QuinnDirector
Jeff WalshDirector
Jessica MinnaarDirector
Johanna SullivanDirector
Joshua LiebowDirector
Kim MeyerDirector
Lia WainwrightDirector
Lindsey TaylorDirector
Margaret AsadorianDirector
Marty MiserandinoDirector
Melissa SachselDirector
Roger L SmerageDirector
Tom JonesDirector
Tom LancasterDirector
Hannah CirielloDirector/student Embassador
Jake FlynnDirector/student Embassador
Lisa FallSecretary
Leslie PotterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$305,464
Program Service Revenue
$0
Investment Income
$232,101
Other Revenue
$63,062
All Other Contributions
$305,464
Change in Net Assets
$501,044
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$56,260
Other Expenses$43,323
Total Fundraising Expense$13,143
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$56,260--$56,260
Fees for Service Investment Mgmnt Fees-$4,299-$4,299
Other Expenses-$3,907$13,143$3,907
All Other Expenses-$3,210-$3,210
Insurance-$695-$695
Office Expenses-$693-$693
Advertising$655--$655
Fees for Services Accounting-$412-$412
Fees for Services Other-$293-$293
Total Functional Expenses$56,915$29,525$13,143$99,583
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hamilton-wenham Reg SchoolHamilton, MA-Educational Purposes$56,260
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$146,089
Fundraising Direct Expenses$83,027
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$108,818$108,818$5,786$103,032
Christmas Trees$32,903$32,903$17,197$15,706
Total Events$146,089$146,089$83,027$63,062
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

The organization has updated its governing documents to permit the shortfalls in school district contributions to be carried forward to the following year(s). Additionally, the organization has revised its investment strategies and policies to support these changes.

Form 990, Part VI, Section B, Line 11B

Line 11b explanation - form 990 is reviewed and approved by the board prior to filing

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Hamilton-wenham Regional School
EIN
04-3070530
Phone
9784687437
Address
PO BOX 2433, SOUTH HAMILTON, MA 01982

Signing Officer

Name
Leslie Potter
Title
Co-treasurer
Phone
6172407690
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leslie Potter
Formed
1990
Legal Domicile
Ma
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
0

Preparer

Firm
Gorton & Company Pc
Address
222 ROSEWOOD DRIVE SUITE 1100, DANVERS, MA 01923
Preparer
Robert F Gorton
Phone
9787744000
Raw XML AppendixShowing 400 of 526 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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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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