Civic Intelligence

Framingham High School Foundation

990EZ • Fiscal year 2019 • EIN 04-3718614

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 06, 2019

PO Box 2367 A StreetFramingham, MA 01701

(508) 820-7783

Siviq Scores

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

Liabilities / Assets

67th percentile

0.02x

Higher debt load relative to assets than 67% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

0.05x

Higher debt load relative to revenue than 77% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

35th percentile

-2.3%

Higher net margin than 35% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

40th percentile

-2.1%

Faster asset growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-66%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$87,491

Down $1,919 (-2.1%) from 2018

Net Assets

Down

$85,901

Down $754 (-0.9%) from 2018

Liabilities

Down

$1,590

Down $1,165 (-42%) from 2018

Revenue

Down

$32,795

Down $62,277 (-66%) from 2018

Expenses

Down

$33,549

Down $41,490 (-55%) from 2018

Net Income

Down

-$754

Down $20,787 (-104%) from 2018

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2010: $64,898Liabilities 2010: $0Net Assets 2010: $64,8982010Assets 2011: $77,205Liabilities 2011: $02011Assets 2012: $61,418Liabilities 2012: $0Net Assets 2012: $61,4182012Assets 2013: $73,226Liabilities 2013: $0Net Assets 2013: $73,2262013Assets 2014: $40,860Liabilities 2014: $0Net Assets 2014: $40,8602014Assets 2015: $52,119Liabilities 2015: $0Net Assets 2015: $52,1192015Assets 2016: $68,354Liabilities 2016: $0Net Assets 2016: $68,3542016Assets 2017: $68,162Liabilities 2017: $1,540Net Assets 2017: $66,6222017Assets 2018: $89,410Liabilities 2018: $2,755Net Assets 2018: $86,6552018Assets 2019: $87,491Liabilities 2019: $1,590Net Assets 2019: $85,9012019Assets 2020: $104,485Liabilities 2020: $0Net Assets 2020: $104,4852020Assets 2021: $83,683Liabilities 2021: $0Net Assets 2021: $83,6832021

Highlighted filing

2019

Assets$87,491
Liabilities$1,590
Net Assets$85,901

Operations Trend

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

$100K$50K$0-$50KRevenue 2010: $76,665Expenses 2010: $66,574Net Income 2010: $10,0912010Revenue 2011: $61,988Expenses 2011: $49,681Net Income 2011: $12,3072011Revenue 2012: $76,486Expenses 2012: $92,273Net Income 2012: -$15,7872012Revenue 2013: $53,681Expenses 2013: $41,873Net Income 2013: $11,8082013Revenue 2014: $23,605Expenses 2014: $55,971Net Income 2014: -$32,3662014Revenue 2015: $31,836Expenses 2015: $20,577Net Income 2015: $11,2592015Revenue 2016: $56,357Expenses 2016: $40,122Net Income 2016: $16,2352016Revenue 2017: $38,323Expenses 2017: $40,055Net Income 2017: -$1,7322017Revenue 2018: $95,072Expenses 2018: $75,039Net Income 2018: $20,0332018Revenue 2019: $32,795Expenses 2019: $33,549Net Income 2019: -$7542019Revenue 2020: $44,330Expenses 2020: $25,746Net Income 2020: $18,5842020Revenue 2021: -$3,985Expenses 2021: $16,817Net Income 2021: -$20,8022021

Highlighted filing

2019

Revenue$32,795
Expenses$33,549
Net Income-$754
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 6, 2019
Return Version
2018v3.1
Gross Receipts
$71,369
Mission and Program Overview

Mission

The framingham hs foundation was formed by a group of parents to insure the continuation of extra- curricular activities, the arts and athletics at framingham high school, regardless of imposed budgetary restrictions. This is accomplished through a variety of efforts including building stronger alliances with the business community of the framingham area, reaching out to alumni and organizing charitable events.

The framingham high school foundation was formed by a group of parents to insure the continuation of all extracurricular activities, the arts and athletics at framingham high school, regardless of imposed budgetary restrictions. This is accomplished through a variety of efforts including building stronger alliances with the business community of the framingham area, reaching out to alumni and organizing charitable events.

Program Services

DescriptionGrantsExpenses
ATHLETICS, ARTS AND OTHER EXTRA-CURRICULAR ACTIVITIESAT FRAMINGHAM HIGH SCHOOL$31,282$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CAROL PHALENCo-PresidentPT$0--
JILL CASSIDYTreasurerPT$0--
WENDY CHANCo-PresidentPT$0--
JACQUELINE GOLDBERGTreasurerPT$0--
MARYANN GAVAGANDirectorPT$0--
SYDNEY TURNERDirectorPT$0--
BETH GOLDFARBDirectorPT$0--
LANA LESSEMDirectorPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Salute Dinner$49,816$36,551$2,829$33,722
Holiday Marketplace$10,023$10,023$900$9,123
Total Events$68,440$55,175$38,574$16,601
Filing and Contact Details

Filer

Filer Name
Framingham High School Foundation
EIN
04-3718614
Phone
5088207783
Address
PO BOX 2367 A STREET, FRAMINGHAM, MA 01701

Signing Officer

Name
Jacqueline Goldberg
Title
Treasurer
Phone
5084054258
Signed
2019-11-06
Discuss with paid preparer
Yes

Preparer

Firm
Gray Gray & Gray Llp
Address
150 ROYALL STREET SUITE 102, CANTON, MA 02021
Preparer
Susan M Copeland
Phone
7814070300
Supplemental Narrative

Additional Explanations

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

Description: investment income. Amount: 353.

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

Activity classification: athletic teams. Grantee name: fhs. Grantee address: 115 a street framingham, ma 01702. Amount given: 12,660.

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

Activity classification: school activities & art. Grantee name: fhs. Grantee address: 115 a street framingham, ma 01702. Amount given: 17,302.

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

Activity classification: scholarships. Grantee name: fhs. Grantee address: 115 a street framingham, ma 01702. Amount given: 300.

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

Activity classification: hall of fame. Grantee name: fhs. Grantee address: 115 a street framingham, ma 01702. Amount given: 1,020. Total included on form 990-ez, line 10: 31,282.

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

Description: organizational expenses. Amount: 89. Description: outisde computer services. Amount: 1,695. Description: insurance . Amount: 255. Total to form 990-ez, line 16: 2,039.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 507. End of year amount: 0.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: other current liabilities. Beg. Of year amount: 2,755. End of year amount: 1,590.

Raw XML Appendix233 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 FRAMINGHAM HIGH SCHOOL FOUNDATION WAS FORMED BY A GROUP OF PARENTS TO INSURE THE CONTINUATION OF ALL EXTRACURRICULAR ACTIVITIES, THE ARTS AND ATHLETICS AT FRAMINGHAM HIGH SCHOOL, REGARDLESS OF IMPOSED BUDGETARY RESTRICTIONS. THIS IS ACCOMPLISHED THROUGH A VARIETY OF EFFORTS INCLUDING BUILDING STRONGER ALLIANCES WITH THE BUSINESS COMMUNITY OF THE FRAMINGHAM AREA, REACHING OUT TO ALUMNI AND ORGANIZING CHARITABLE EVENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INVESTMENT INCOME. AMOUNT: 353.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: ATHLETIC TEAMS. GRANTEE NAME: FHS. GRANTEE ADDRESS: 115 A STREET FRAMINGHAM, MA 01702. AMOUNT GIVEN: 12,660.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: SCHOOL ACTIVITIES & ART. GRANTEE NAME: FHS. GRANTEE ADDRESS: 115 A STREET FRAMINGHAM, MA 01702. AMOUNT GIVEN: 17,302.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACTIVITY CLASSIFICATION: SCHOLARSHIPS. GRANTEE NAME: FHS. GRANTEE ADDRESS: 115 A STREET FRAMINGHAM, MA 01702. AMOUNT GIVEN: 300.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACTIVITY CLASSIFICATION: HALL OF FAME. GRANTEE NAME: FHS. GRANTEE ADDRESS: 115 A STREET FRAMINGHAM, MA 01702. AMOUNT GIVEN: 1,020. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 31,282.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION: ORGANIZATIONAL EXPENSES. AMOUNT: 89. DESCRIPTION: OUTISDE COMPUTER SERVICES. AMOUNT: 1,695. DESCRIPTION: INSURANCE . AMOUNT: 255. TOTAL TO FORM 990-EZ, LINE 16: 2,039.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 507. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION: OTHER CURRENT LIABILITIES. BEG. OF YEAR AMOUNT: 2,755. END OF YEAR AMOUNT: 1,590.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
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 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CANTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002021
ReturnHeader/PreparerPersonGrp/PhoneNum07814070300
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN M COPELAND
ReturnHeader/ReturnTs02019-11-07T07:21:50-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.00$0.84$0.04$0.17$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.00$1.04$0.44$0.26$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.87$0.02$0.86$0.33$0.34$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.03$0.87$0.95$0.75$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.02$0.67$0.38$0.40$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.00$0.68$0.56$0.40$0.16
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.00$0.52$0.32$0.21$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.24$0.56$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.00$0.73$0.54$0.42$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.00$0.61$0.76$0.92$0.16
2011Summary only. Only limited summary data is available for this year.$0.77$0.00$0.62$0.50$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.00$0.65$0.77$0.67$0.10