Civic Intelligence

The Educational Foundation for Rockport Inc

990 • Fiscal year 2022 • EIN 04-3214141

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

Organization ProfileROCKPORT.K12.MA.US/EDFOUND
P O Box 836Rockport, MA 01966

(978) 546-1250

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

56th percentile

9.5%

Higher net margin than 56% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

12th percentile

-18%

Faster asset growth than 12% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

17th percentile

-23%

Faster revenue growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$734,930

Down $163,218 (-18%) from 2021

Net Assets

Down

$734,930

Down $163,218 (-18%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin56th percentile

Revenue

Down

$55,843

Down $16,953 (-23%) from 2021

Expenses

Up

$50,543

Up $21,426 (+74%) from 2021

Net Income

Down

$5,300

Down $38,379 (-88%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$1.0M$500K$0Assets 2010: $280,165Net Assets 2010: $280,1652010Assets 2011: $267,255Liabilities 2011: $52Net Assets 2011: $267,2032011Assets 2012: $281,984Net Assets 2012: $281,9842012Assets 2013: $300,276Liabilities 2013: $438Net Assets 2013: $299,8382013Assets 2014: $372,713Liabilities 2014: $438Net Assets 2014: $372,2752014Assets 2015: $360,299Liabilities 2015: $438Net Assets 2015: $359,8612015Assets 2016: $400,806Liabilities 2016: $438Net Assets 2016: $400,3682016Assets 2017: $447,246Liabilities 2017: $0Net Assets 2017: $447,2462017Assets 2018: $480,535Liabilities 2018: $0Net Assets 2018: $480,5352018Assets 2019: $620,170Liabilities 2019: $0Net Assets 2019: $620,1702019Assets 2020: $745,862Liabilities 2020: $0Net Assets 2020: $745,8622020Assets 2021: $898,148Liabilities 2021: $0Net Assets 2021: $898,1482021Assets 2022: $734,930Liabilities 2022: $0Net Assets 2022: $734,9302022Assets 2023: $850,114Liabilities 2023: $0Net Assets 2023: $850,1142023Assets 2024: $998,410Liabilities 2024: $0Net Assets 2024: $998,4102024

Highlighted filing

2022

Assets$734,930
Liabilities$0
Net Assets$734,930
Open 2022 Filing

Operations Trend

Revenue Growth17th percentile

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

$150K$100K$50K$0-$50KRevenue 2010: $30,834Expenses 2010: $32,014Net Income 2010: -$1,1802010Revenue 2011: $52,496Expenses 2011: $64,101Net Income 2011: -$11,6052011Revenue 2012: $33,174Expenses 2012: $31,068Net Income 2012: $2,1062012Revenue 2013: $46,584Expenses 2013: $51,297Net Income 2013: -$4,7132013Revenue 2014: $102,331Expenses 2014: $42,362Net Income 2014: $59,9692014Revenue 2015: $46,828Expenses 2015: $38,854Net Income 2015: $7,9742015Revenue 2016: $45,418Expenses 2016: $28,829Net Income 2016: $16,5892016Revenue 2017: $38,783Expenses 2017: $35,274Net Income 2017: $3,5092017Revenue 2018: $138,696Expenses 2018: $33,889Net Income 2018: $104,8072018Revenue 2019: $80,046Expenses 2019: $35,690Net Income 2019: $44,3562019Revenue 2020: $69,559Expenses 2020: $30,389Net Income 2020: $39,1702020Revenue 2021: $72,796Expenses 2021: $29,117Net Income 2021: $43,6792021Revenue 2022: $55,843Expenses 2022: $50,543Net Income 2022: $5,3002022Revenue 2023: $82,985Expenses 2023: $86,210Net Income 2023: -$3,2252023Revenue 2024: $107,380Expenses 2024: $61,295Net Income 2024: $46,0852024

Highlighted filing

2022

Revenue$55,843
Expenses$50,543
Net Income$5,300
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$65,159
Mission and Program Overview

Mission

Support of local public school programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$128,893$128,600▼ $293
Total Assets$898,148$734,930▼ $163,218
Other Assets Total$769,255$606,330▼ $162,925
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$787,835$624,617▼ $163,218
Net Assets With Donor Restrictions$110,313$110,313→ $0
Total Net Assets Fund Balance$898,148$734,930▼ $163,218
Total Liabilities and Net Assets / Fund Balance$898,148$734,930▼ $163,218

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$606,330--
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Erin BattistelliPresident
Gail MccarthyDirector
Geoffrey JuvilerDirector
Heather HerlihyDirector
Jamy MadejaDirector
Jillian BouchieDirector
Jillian HermanceDirector
Lana RazdanDirector
Susan RussoDirector
William WallerDirector
James GutstadtTreasurer
Molly WhelskyVP
Revenue and Support

Revenue Composition

Contributions and Grants
$21,942
Program Service Revenue
$0
Investment Income
$33,901
Other Revenue
$0
All Other Contributions
$21,942
Change in Net Assets
$5,300
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,543
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance-$1,418-$1,418
Office Expenses-$1,097-$1,097
Fees for Services Accounting-$825-$825
Fees for Services Management-$750-$750
Other Expenses$5,000$32-$32
Total Functional Expenses$46,386$4,157$0$50,543
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
The Educational Foundation
EIN
04-3214141
Phone
9785461250
Address
P O BOX 836, ROCKPORT, MA 01966

Signing Officer

Name
James Gutstadt
Title
Treasurer
Phone
9785461250
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Gutstadt
Formed
1997
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Doreen R Carter CPA
Address
2 MARY HELEN WAY, ROCKPORT, MA 01966
Preparer
Doreen R Carter
Phone
9785462921
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Unrealized loss of securities -168,518”

Raw XML Appendix342 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/TotalFunctionalExpensesGrp/ProgramServicesAmt046386
IRS990/TotalFunctionalExpensesGrp/TotalAmt050543
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0898148
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0734930
IRS990/TotalProgramServiceExpensesAmt046386
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt033901
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt055843
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0898148
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0734930
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt012 CALEBS LANE
IRS990/USAddress/CityNm0ROCKPORT
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001966
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0ROCKPORT.K12.MA.US/EDFOUND
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES GUTSTADT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09785461250
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOR ROCKPORT INC
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
ReturnHeader/Filer/EIN0043214141
ReturnHeader/Filer/PhoneNum09785461250
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 836
ReturnHeader/Filer/USAddress/CityNm0ROCKPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001966
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0412118337
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DOREEN R CARTER CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02 MARY HELEN WAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCKPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001966
ReturnHeader/PreparerPersonGrp/PhoneNum09785462921
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOREEN R CARTER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-14T16:35:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GUTSTADT
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$734,930
Liabilities
$0
Net assets
$734,930
Revenue
$55,843
Expenses
$50,543
Net income
$5,300
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.98$0.00$9.98$1.07$0.61$0.46
2023Detailed filing. Detailed filing data is available for this year.$8.50$0.00$8.50$0.83$0.86$0.03
2022Detailed filing. Detailed filing data is available for this year.$7.35$0.00$7.35$0.56$0.51$0.05
2021Detailed filing. Detailed filing data is available for this year.$8.98$0.00$8.98$0.73$0.29$0.44
2020Detailed filing. Detailed filing data is available for this year.$7.46$0.00$7.46$0.70$0.30$0.39
2019Detailed filing. Detailed filing data is available for this year.$6.20$0.00$6.20$0.80$0.36$0.44
2018Detailed filing. Detailed filing data is available for this year.$4.81$0.00$4.81$1.39$0.34$1.05
2017Detailed filing. Detailed filing data is available for this year.$4.47$0.00$4.47$0.39$0.35$0.04
2016Detailed filing. Detailed filing data is available for this year.$4.01$0.00$4.00$0.45$0.29$0.17
2015Detailed filing. Detailed filing data is available for this year.$3.60$0.00$3.60$0.47$0.39$0.08
2014Detailed filing. Detailed filing data is available for this year.$3.73$0.00$3.72$1.02$0.42$0.60
2013Detailed filing. Detailed filing data is available for this year.$3.00$0.00$3.00$0.47$0.51$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.82$2.82$0.33$0.31$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.00$2.67$0.52$0.64$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.80$2.80$0.31$0.32$0.01