Civic Intelligence

Newburyport Education Foundation Inc

EIN 04-3583906 • 501(c)3 • Newburyport, MA

Profile

The mission of the newburyport education foundation is to bring philanthropy into the newburyport public schools and generate financial resources that will enhance the quality of public education. The foundation was formed to enhance educational opportunities for the city's public school children; the goal to supplement funding for programs which are already supported by public financing at a basic level, but which can be substantially improved by additional private sector financing, and to finance programs that might not receive funding from traditional sources such as the district budget of state aid.

PO Box 1002Newburyport, MA 01950

www.newburyportef.org

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

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

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

Liabilities / Revenue

20th percentile

0.00x

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

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

Net Margin

52nd percentile

5.3%

Higher net margin than 52% of similar nonprofits.

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

Top Officer Pay

53rd percentile

$66,096

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 13.9% of source-year revenue.

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

Asset Growth

61st percentile

7.6%

Faster asset growth than 61% of similar nonprofits.

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

Revenue Growth

84th percentile

55%

Faster revenue growth than 84% of similar nonprofits.

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

Assets

Up

$1,940,424

Up $137,246 (+7.6%) from 2023

Liabilities

Down

$0

Down $11,470 (-100%) from 2023

Net Assets

Up

$1,940,424

Up $148,716 (+8.3%) from 2023

Revenue

Up

$476,835

Up $169,409 (+55%) from 2023

Expenses

Up

$451,749

Up $50,669 (+13%) from 2023

Net Income

Up

$25,086

Up $118,740 (+127%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $660,715Liabilities 2010: $2,318Net Assets 2010: $658,3972010Assets 2011: $592,738Liabilities 2011: $526Net Assets 2011: $592,2122011Assets 2012: $721,303Liabilities 2012: $0Net Assets 2012: $721,3032012Assets 2013: $802,374Liabilities 2013: $1,205Net Assets 2013: $801,1692013Assets 2014: $795,500Liabilities 2014: $1,263Net Assets 2014: $794,2372014Assets 2015: $788,681Liabilities 2015: $79,363Net Assets 2015: $709,3182015Assets 2016: $775,206Liabilities 2016: $3,460Net Assets 2016: $771,7462016Assets 2017: $913,902Liabilities 2017: $2,141Net Assets 2017: $911,7612017Assets 2018: $873,357Liabilities 2018: $8,753Net Assets 2018: $864,6042018Assets 2019: $977,750Liabilities 2019: $0Net Assets 2019: $977,7502019Assets 2020: $1,102,439Liabilities 2020: $7,788Net Assets 2020: $1,094,6512020Assets 2021: $2,058,128Liabilities 2021: $78,519Net Assets 2021: $1,979,6092021Assets 2022: $1,747,139Liabilities 2022: $4,597Net Assets 2022: $1,742,5422022Assets 2023: $1,803,178Liabilities 2023: $11,470Net Assets 2023: $1,791,7082023Assets 2024: $1,940,424Liabilities 2024: $0Net Assets 2024: $1,940,4242024

Highlighted filing

2024

Assets$1,940,424
Liabilities$0
Net Assets$1,940,424

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $229,2812010Expenses 2011: $337,5782011Expenses 2012: $331,1252012Revenue 2013: $337,702Expenses 2013: $308,454Net Income 2013: $29,2482013Revenue 2014: $473,105Expenses 2014: $479,220Net Income 2014: -$6,1152014Revenue 2015: $321,819Expenses 2015: $392,113Net Income 2015: -$70,2942015Revenue 2016: $360,696Expenses 2016: $321,761Net Income 2016: $38,9352016Revenue 2017: $467,091Expenses 2017: $389,110Net Income 2017: $77,9812017Revenue 2018: $262,219Expenses 2018: $252,779Net Income 2018: $9,4402018Revenue 2019: $407,784Expenses 2019: $361,796Net Income 2019: $45,9882019Revenue 2020: $360,286Expenses 2020: $299,391Net Income 2020: $60,8952020Revenue 2021: $1,097,096Expenses 2021: $235,052Net Income 2021: $862,0442021Revenue 2022: $324,441Expenses 2022: $377,359Net Income 2022: -$52,9182022Revenue 2023: $307,426Expenses 2023: $401,080Net Income 2023: -$93,6542023Revenue 2024: $476,835Expenses 2024: $451,749Net Income 2024: $25,0862024

Highlighted filing

2024

Revenue$476,835
Expenses$451,749
Net Income$25,086

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.94$0.00$1.94$0.48$0.45$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.80$0.01$1.79$0.31$0.40$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.74$0.32$0.38$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.06$0.08$1.98$1.10$0.24$0.86
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.10$0.01$1.09$0.36$0.30$0.06
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.00$0.98$0.41$0.36$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.87$0.01$0.86$0.26$0.25$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.00$0.91$0.47$0.39$0.08
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.00$0.77$0.36$0.32$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.79$0.08$0.71$0.32$0.39$0.07
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.80$0.00$0.79$0.47$0.48$0.01
2013Summary only. Only limited summary data is available for this year.$0.80$0.00$0.80$0.34$0.31$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.00$0.72$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.00$0.59$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.00$0.66$0.23
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 10, 2024
Return Version
2023v6.0
Gross Receipts
$973,542
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$848,827$1,521,313▲ $672,486
Savings and Temporary Cash Investments$870,868$236,865▼ $634,003
Pledges and Grants Receivable$27,444$45,000▲ $17,556
Total Assets$1,747,139$1,803,178▲ $56,039
Liabilities
Accounts Payable and Accrued Expenses$4,597$11,470▲ $6,873
Other Liabilities$0$0→ $0
Total Liabilities$4,597$11,470▲ $6,873
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,721,838$1,770,352▲ $48,514
Net Assets With Donor Restrictions$20,704$21,356▲ $652
Total Net Assets Fund Balance$1,742,542$1,791,708▲ $49,166
Total Liabilities and Net Assets / Fund Balance$1,747,139$1,803,178▲ $56,039
Compensation and Service Providers

Employees

NameTitleBaseTotal
Carrie O'DonnellExecutive Director$61,606$61,606

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$173,448
Program Service Revenue
$0
Investment Income
$21,736
Other Revenue
$112,242
All Other Contributions
$109,990
Change in Net Assets
$-93,654
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$304,783
Salaries, Compensation, and Employee Benefits$66,783
Other Expenses$29,514
Total Fundraising Expense$4,607
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$304,783--$304,783
Current Officers, Directors, Trustees, and Key Employees$0$61,606$0$61,606
Fees for Services Accounting$0$5,500$0$5,500
Payroll Taxes$0$5,177$0$5,177
Fees for Service Investment Mgmnt Fees$0$1,725$0$1,725
Advertising$0$0$1,088$1,088
Fees for Services Other$0$878$0$878
Other Expenses$0$847$0$847
All Other Expenses$0$415$0$415
Insurance$0$255$0$255
Total Functional Expenses$304,783$91,690$4,607$401,080
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Newburyport Public SchoolNewburyport, MA-See below-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$161,528
Fundraising Direct Expenses$49,286
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$141,573$117,573$8,204$109,369
Golf Tournament$66,455$43,955$12,018$31,937
Total Events$224,986$161,528$49,286$112,242
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
None$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Newburyport Education Foundation Inc
EIN
04-3583906
Phone
9784637893
Address
PO Box 1002, Newburyport, MA 01950

Signing Officer

Name
David Marroncelli
Title
Treasurer
Phone
9784637893
Signed
2024-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea Weetman
Formed
2000
Legal Domicile
Ma
Voting Board Members
26
Independent Board Members
26
Employees
1
Volunteers
150

Preparer

Firm
Fritz Deguglielmo LLC
Address
8 ESSEX STREET, NEWBURYPORT, MA 01950
Preparer
Daniel E Schaffner CPA
Phone
9784622161
Supplemental Narrative

Additional Explanations

Other

Organizations mission or most significant activities: The Newburyport Education Foundation, Inc. (the Foundation) was established in 2001 by a group of parents, teachers, business leaders and concerned citizens whose goal was to bring philanthropy into the Newburyport Public Schools and to enhance educational opportunities for the citys public-school children. The goal of the Foundation is to supplement funding for programs which are already supported by public financing at a basic level, but which can be substantially improved by additional private sector funding, and to finance programs that might not receive funding from traditional sources such as the district budget or state aid.

Other

Organizations mission: The mission of the Newburyport Education Foundation, Inc. (the Foundation) is to generate financial resources and community involment to enhance education in the Newburyport Public Schools. The Foundation was formed to enhance educational opportunities for the citys public school children; the goal to supplement funding for programs which are already supported by public financing at a basic level, but which can be substantially improved by additional private sector funding, and to finance programs that might not receive funding from traditional sources such as the district budget or state aid.

Pt VI, Line 11B

A copy of the Form 990 is provided to the governing board for review prior to its filing.

Pt VI, Line 12C

If an issue is to be decided by the board that involves potential conflict of interest for a board member, it is responsibility of the board member to: identify the potential conflict of interest; not participate in discussion of the program or motion being considered; and not vote on the issue.

Pt VI, Line 19

The Foundation makes its annual reports and financial statements available to the public on its website. In addition, all governing documents, policies and financial statements are available upon request.

Form 990, Part III, Line 4D

In 2023, we made additional equipment donations 10845. 10845. 0.

Form 990, Part III, Line 4D

In the summer/fall of 2023 we will complete the renovation of the integrated arts center 95890. 95890. 0.

Form 990, Part III, Line 4D

We created a wellness space for all students, Grade 4-8, at the Molin Upper 80114. 80114. 0.

Form 990, Part III, Line 4D

For many years, the NEF has funded Business Partnership grants in the Spring and Fall. These grants 32436. 32436. 0.

Financial Statement Notes

Pt X, Line 2

The Foundation has adopted the application of the provisions of FASB ASC 740-10 (formerly FASB Interpretation No. 48, Accounting For Uncertainty in Income Taxes). The primary tax positions made by the Foundation are the existence/non-existence of Unrelated Business Income Tax and the Foundations status as an exempt organization under Section 501(c)(3) of the Internal Revenue Code. The Foundation currently evaluates all tax positions, and makes determinations regarding the likelihood of those positions being upheld under review. For the years presented, and as a result of adoption, the Foundation has not recognized any tax benefits or loss contingencies for uncertain tax positions based on its evaluations. The Foundations Forms 990, Return of Organization Exempt from Income Tax, for the years ended December 31, 2023, 2022, 2021 and 2020 are subject to examination by the IRS, generally for three years after they were filed.

Raw XML AppendixShowing 400 of 658 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/Desc0In 2023, we continued our STEM initiative by supporting additional equipment and supplies at the Breshanan, Nock and Molin Schools. The STEM initiative also was implemented in the High School via grants for equipment including 3D printers, robots and industrial sewing equipment. This program allows our students to enhance their education in science, technology, engineering and math.
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IRS990/Form990PartVIISectionAGrp/PersonNm5Olivia Hansen
IRS990/Form990PartVIISectionAGrp/PersonNm6Lisa Marie Ippolito
IRS990/Form990PartVIISectionAGrp/PersonNm7Mariana Lynch
IRS990/Form990PartVIISectionAGrp/PersonNm8Matt McCann
IRS990/Form990PartVIISectionAGrp/PersonNm9Nicole Nadeau
IRS990/Form990PartVIISectionAGrp/PersonNm10Stephen D'Ambrosio
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IRS990/Form990PartVIISectionAGrp/PersonNm12Kathleen Petrie
IRS990/Form990PartVIISectionAGrp/PersonNm13Alissa Cough
IRS990/Form990PartVIISectionAGrp/PersonNm14Sam Hartford
IRS990/Form990PartVIISectionAGrp/PersonNm15Lizzy Homer
IRS990/Form990PartVIISectionAGrp/PersonNm16Kristin Spinney
IRS990/Form990PartVIISectionAGrp/PersonNm17Andrew Wulf
IRS990/Form990PartVIISectionAGrp/PersonNm18Kristine Enes
IRS990/Form990PartVIISectionAGrp/PersonNm19Lisa Langis
IRS990/Form990PartVIISectionAGrp/PersonNm20Allie Morris
IRS990/Form990PartVIISectionAGrp/PersonNm21Rosemary Turgeon
IRS990/Form990PartVIISectionAGrp/PersonNm22Carrie O'Donnell
IRS990/Form990PartVIISectionAGrp/PersonNm23Andrea Weetman
IRS990/Form990PartVIISectionAGrp/PersonNm24David Marroncelli
IRS990/Form990PartVIISectionAGrp/PersonNm25Cindy Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm26Barb Bailey
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IRS990/ProgSrvcAccomActy2Grp/Desc0During 2023, we supported improvements in technology in several disciplines within the district. Some highlights include Chromebooks and Chromebook Carts for the Breshahan school and an auditorium projector at the Nock and Molin schools. Through these grants, we strive to provide the technology necessary for learning.
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IRS990/ProgSrvcAccomActy3Grp/Desc0In 2023, business leaders and teachers came together to create some amazing learning experiences for our students funded by partnership grants, the technology club at the high school and the Gulf of Maine Institute.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0In 2023, we made additional equipment donations in the Newburyport Public Schools to the music programs.

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