Civic Intelligence

The Gloucester Fund Inc

990EZ • Fiscal year 2014 • EIN 04-3521016

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 17, 2015

Organization ProfileWWW.THEGLOUCESTERFUND.ORG
45 Middle Street No 2Gloucester, MA 01930

(978) 281-2822

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.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

83rd percentile

47%

Faster asset growth than 83% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

19th percentile

-24%

Faster revenue growth than 19% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$85,918

Up $27,429 (+47%) from 2013

Net Assets

Up

$85,918

Up $27,429 (+47%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin78th percentile

Revenue

Down

$125,761

Down $40,239 (-24%) from 2013

Expenses

Down

$98,307

Down $151,233 (-61%) from 2013

Net Income

Up

$27,454

Up $110,994 (+133%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$400K$300K$200K$100K$0Assets 2010: $31,628Liabilities 2010: $02010Assets 2011: $73,122Liabilities 2011: $0Net Assets 2011: $73,1222011Assets 2012: $142,029Liabilities 2012: $0Net Assets 2012: $142,0292012Assets 2013: $58,489Liabilities 2013: $0Net Assets 2013: $58,4892013Assets 2014: $85,918Liabilities 2014: $0Net Assets 2014: $85,9182014Assets 2015: $125,470Liabilities 2015: $0Net Assets 2015: $125,4702015Assets 2016: $153,662Liabilities 2016: $0Net Assets 2016: $153,6622016Assets 2017: $109,182Liabilities 2017: $0Net Assets 2017: $109,1822017Assets 2018: $243,709Liabilities 2018: $0Net Assets 2018: $243,7092018Assets 2019: $136,316Liabilities 2019: $0Net Assets 2019: $136,3162019Assets 2020: $138,547Liabilities 2020: $0Net Assets 2020: $138,5472020Assets 2021: $205,037Liabilities 2021: $0Net Assets 2021: $205,0372021Assets 2022: $302,279Liabilities 2022: $25,000Net Assets 2022: $277,2792022Assets 2023: $326,518Liabilities 2023: $25,000Net Assets 2023: $301,5182023Assets 2024: $332,330Liabilities 2024: $0Net Assets 2024: $332,3302024

Highlighted filing

2014

Assets$85,918
Liabilities$0
Net Assets$85,918
Open 2014 Filing

Operations Trend

Revenue Growth19th percentile

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

$400K$200K$0-$200KRevenue 2010: $86,355Expenses 2010: $90,638Net Income 2010: -$4,2832010Revenue 2011: $94,647Expenses 2011: $53,153Net Income 2011: $41,4942011Revenue 2012: $252,026Expenses 2012: $183,119Net Income 2012: $68,9072012Revenue 2013: $166,000Expenses 2013: $249,540Net Income 2013: -$83,5402013Revenue 2014: $125,761Expenses 2014: $98,307Net Income 2014: $27,4542014Revenue 2015: $251,803Expenses 2015: $212,251Net Income 2015: $39,5522015Revenue 2016: $324,598Expenses 2016: $296,406Net Income 2016: $28,1922016Revenue 2017: $196,054Expenses 2017: $240,534Net Income 2017: -$44,4802017Revenue 2018: $317,572Expenses 2018: $183,045Net Income 2018: $134,5272018Revenue 2019: $185,571Expenses 2019: $292,964Net Income 2019: -$107,3932019Revenue 2020: $104,110Expenses 2020: $101,879Net Income 2020: $2,2312020Revenue 2021: $260,407Expenses 2021: $193,917Net Income 2021: $66,4902021Revenue 2022: $220,205Expenses 2022: $143,463Net Income 2022: $76,7422022Revenue 2023: $188,469Expenses 2023: $164,230Net Income 2023: $24,2392023Revenue 2024: $209,678Expenses 2024: $178,867Net Income 2024: $30,8112024

Highlighted filing

2014

Revenue$125,761
Expenses$98,307
Net Income$27,454
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 17, 2015
Return Version
2014v5.0
Gross Receipts
$127,206
Mission and Program Overview

Mission

To promote civic, cultural, educational, athletic and benevolent purposes or activities in benefit of the citizens of gloucester, massachusetts. The organization's motto is "partnering with the community to benefit the community".

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION SUPPORTED VARIOUS CIVIC EVENTS TO BENEFIT THE CITIZENS OF GLOUCESTER, MA, INCLUDING JULY 4TH EVENTS AND U.S. FLAG DISPLAY, LABOR DAY EVENTS, A MAIN STREET BLOCK PARTY, THE SANTA PARADE (WHICH ALSO SUPPORTS THE LOCAL HIGH SCHOOL BAND), A HOLIDAY WALK THROUGH THE HISTORIC MIDDLE STREET DISTRICT, AND A CULTURAL WEEKEND TO CELEBRATE THE LIFE AND WORK OF SCULPTOR WALTER HANCOCK.$0$34,783
THE ORGANIZATION SUPPORTS GLOUCESTER YOUTH IN VARIOUS WAYS. DURING 2014, SCHOLARSHIPS WERE GRANTED TO SIXTEEN GLOUCESTER HIGH SCHOOL STUDENTS, FUNDING WAS PROVIDED FOR THE HIGH SCHOOL SAILING PROGRAM, AND FOR AN EAGLE SCOUT SERVICE PROJECT TO REPAIR VANDALIZED SIGNS IN A LOCAL PARK.$26,750$1,941
THE ORGANIZATION SUPPORTS VARIOUS COMMUNITY RESTORATION PROJECTS. IN 2014, FUNDS WERE RAISED AND DISTRIBUTED TO RESTORE COMMEMORATIVE BRONZE PLAQUES AND TO CREATE A GARDEN AT THE HISTORIC GLOUCESTER CITY HALL, TO RESTORE SEVERAL PLAYGROUNDS AND BALLFIELDS, AND THE MULHAUPT MURAL AT A LOCAL SCHOOL. THE ORGANIZATION ALSO CONTINUES TO MAINTAIN THE LOCAL DOG PARK,WHICH IT CONSTRUCTED DURING 2013. A PHILANTHROPY AWARD WAS GRANTED TO AN INDIVIDUAL IN RECOGNITION OF HIS SUPPORT OF MANY OF THE ORGANIZATION'S PROGRAMS.$3,200$23,326
THE ORGANIZATION SUPPORTS VARIOUS CITY-WIDE HUMAN SERVICE PROJECTS. DURING 2014, THE ORGANIZATION PROVIDED ASSISTANCE TO OUR VETERANS AND TROOPS. PRESCRIPTION DRUG CARDS WERE DISTRIBUTED TO NEEDY INDIVIDUALS. THE ORGANIZATION ALSO ASSISTED WITH A MEMORIAL FOR GLOUCESTER FISHERMEN LOST AT SEA.$0$3,022
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BARRETT S PETTPres/Director-$0--
BRENT A TARRTreas/Director-$0--
FRANCES MONDELLOClerk/Director-$0--
KENNETH TALIADOROSDirector-$0--
TJ HEALYDirector-$0--
EUGENE P MONDELLO JRDirector-$0--
FRANK BAKERDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Softball Tournament$3,250$3,250-$3,250
Sunset Cruise$2,940$2,940-$2,940
Total Events$8,755$8,755$524$8,231
Filing and Contact Details

Filer

Filer Name
The Gloucester Fund Inc
EIN
04-3521016
Phone
9782812822
Address
45 MIDDLE STREET NO 2, GLOUCESTER, MA 01930

Signing Officer

Name
Barrett S Pett
Title
President
Phone
9782812822
Signed
2015-11-17
Discuss with paid preparer
Yes

Preparer

Firm
Julie a Sidon CPA Mst
Address
PO BOX 1305 55 MAIN STREET, GLOUCESTER, MA 01931
Preparer
Julie a Sidon CPA Mst
Phone
9782829900
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest income. Amount: 227.”

Form 990-ez, Part I, Line 7 - Sales of Inventory

“Income: gross receipts: 1,339. Returns and allowances: 0. Less cost of goods sold: 921. Gross profit: 418. Cost of goods sold: inventory at beginning of year: 0. Merchandise purchased: 921. Cost of labor: 0. Materials and supplies: 0. Other costs: 0. Inventory at end of year: 0. Cost of goods sold: 921.”

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: advertising revenue (banners at ballfield). Amount: 4,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarships. Grantee name: 16 gloucester high school students. Grantee relationship: none. Property description: cash. Date of gift: 07/22/14. Amount given: 24,000.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: philanthropy recognition. Grantee name: linzee coolidge. Grantee relationship: none. Property description: medallion. Method used to determine book value: cost. Method used to determine fmv: cost = fmv. Book value of property: 3,200. Date of gift: 12/16/14. Amount given: 3,200.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: support youth sailing program. Grantee name: sail ghs. Grantee address: gloucester high school gloucester, ma 01930. Grantee relationship: none. Property description: cash. Date of gift: 06/01/14. Amount given: 2,750. Total included on form 990-ez, line 10: 29,950.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: filing fees. Amount: 185.”

Raw XML Appendix225 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.

Path#Value
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IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE CIVIC, CULTURAL, EDUCATIONAL, ATHLETIC AND BENEVOLENT PURPOSES OR ACTIVITIES IN BENEFIT OF THE CITIZENS OF GLOUCESTER, MASSACHUSETTS. THE ORGANIZATION'S MOTTO IS "PARTNERING WITH THE COMMUNITY TO BENEFIT THE COMMUNITY".
IRS990EZ/PrintingPublicationsPostageAmt01918
IRS990EZ/ProgramServiceRevenueAmt01632
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION SUPPORTED VARIOUS CIVIC EVENTS TO BENEFIT THE CITIZENS OF GLOUCESTER, MA, INCLUDING JULY 4TH EVENTS AND U.S. FLAG DISPLAY, LABOR DAY EVENTS, A MAIN STREET BLOCK PARTY, THE SANTA PARADE (WHICH ALSO SUPPORTS THE LOCAL HIGH SCHOOL BAND), A HOLIDAY WALK THROUGH THE HISTORIC MIDDLE STREET DISTRICT, AND A CULTURAL WEEKEND TO CELEBRATE THE LIFE AND WORK OF SCULPTOR WALTER HANCOCK.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1THE ORGANIZATION SUPPORTS VARIOUS COMMUNITY RESTORATION PROJECTS. IN 2014, FUNDS WERE RAISED AND DISTRIBUTED TO RESTORE COMMEMORATIVE BRONZE PLAQUES AND TO CREATE A GARDEN AT THE HISTORIC GLOUCESTER CITY HALL, TO RESTORE SEVERAL PLAYGROUNDS AND BALLFIELDS, AND THE MULHAUPT MURAL AT A LOCAL SCHOOL. THE ORGANIZATION ALSO CONTINUES TO MAINTAIN THE LOCAL DOG PARK,WHICH IT CONSTRUCTED DURING 2013. A PHILANTHROPY AWARD WAS GRANTED TO AN INDIVIDUAL IN RECOGNITION OF HIS SUPPORT OF MANY OF THE ORGANIZATION'S PROGRAMS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2THE ORGANIZATION SUPPORTS GLOUCESTER YOUTH IN VARIOUS WAYS. DURING 2014, SCHOLARSHIPS WERE GRANTED TO SIXTEEN GLOUCESTER HIGH SCHOOL STUDENTS, FUNDING WAS PROVIDED FOR THE HIGH SCHOOL SAILING PROGRAM, AND FOR AN EAGLE SCOUT SERVICE PROJECT TO REPAIR VANDALIZED SIGNS IN A LOCAL PARK.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3THE ORGANIZATION SUPPORTS VARIOUS CITY-WIDE HUMAN SERVICE PROJECTS. DURING 2014, THE ORGANIZATION PROVIDED ASSISTANCE TO OUR VETERANS AND TROOPS. PRESCRIPTION DRUG CARDS WERE DISTRIBUTED TO NEEDY INDIVIDUALS. THE ORGANIZATION ALSO ASSISTED WITH A MEMORIAL FOR GLOUCESTER FISHERMEN LOST AT SEA.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 227.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INCOME: GROSS RECEIPTS: 1,339. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 921. GROSS PROFIT: 418. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 0. MERCHANDISE PURCHASED: 921. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 0. COST OF GOODS SOLD: 921.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ADVERTISING REVENUE (BANNERS AT BALLFIELD). AMOUNT: 4,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACTIVITY CLASSIFICATION: SCHOLARSHIPS. GRANTEE NAME: 16 GLOUCESTER HIGH SCHOOL STUDENTS. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 07/22/14. AMOUNT GIVEN: 24,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACTIVITY CLASSIFICATION: PHILANTHROPY RECOGNITION. GRANTEE NAME: LINZEE COOLIDGE. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: MEDALLION. METHOD USED TO DETERMINE BOOK VALUE: COST. METHOD USED TO DETERMINE FMV: COST = FMV. BOOK VALUE OF PROPERTY: 3,200. DATE OF GIFT: 12/16/14. AMOUNT GIVEN: 3,200.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ACTIVITY CLASSIFICATION: SUPPORT YOUTH SAILING PROGRAM. GRANTEE NAME: SAIL GHS. GRANTEE ADDRESS: GLOUCESTER HIGH SCHOOL GLOUCESTER, MA 01930. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 06/01/14. AMOUNT GIVEN: 2,750. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 29,950.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION: FILING FEES. AMOUNT: 185.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BARRETT S PETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09782812822
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE GLOUCESTER FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0GLOU
ReturnHeader/Filer/EIN0043521016
ReturnHeader/Filer/PhoneNum09782812822
ReturnHeader/Filer/USAddress/AddressLine1Txt045 MIDDLE STREET NO 2
ReturnHeader/Filer/USAddress/CityNm0GLOUCESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001930
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042689253
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JULIE A SIDON CPA MST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1305 55 MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLOUCESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001931
ReturnHeader/PreparerPersonGrp/PhoneNum09782829900
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIE A SIDON CPA MST
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-11-16T00:38:07-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$85,918
Liabilities
$0
Net assets
$85,918
Revenue
$125,761
Expenses
$98,307
Net income
$27,454
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$0.00$3.32$2.10$1.79$0.31
2023Detailed filing. Detailed filing data is available for this year.$3.27$0.25$3.02$1.88$1.64$0.24
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$0.25$2.77$2.20$1.43$0.77
2021Detailed filing. Detailed filing data is available for this year.$2.05$0.00$2.05$2.60$1.94$0.66
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.39$0.00$1.39$1.04$1.02$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$1.86$2.93$1.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.44$0.00$2.44$3.18$1.83$1.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.00$1.09$1.96$2.41$0.44
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.00$1.54$3.25$2.96$0.28
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$0.00$1.25$2.52$2.12$0.40
2014Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$1.26$0.98$0.27
2013Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$1.66$2.50$0.84
2012Summary only. Only limited summary data is available for this year.$1.42$0.00$1.42$2.52$1.83$0.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.00$0.73$0.95$0.53$0.41
2010Summary only. Only limited summary data is available for this year.$0.32$0.00$0.86$0.91$0.04