Civic Intelligence

Newton Schools Foundation Inc.

990 • Fiscal year 2017 • EIN 23-7065010

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 21, 2018

PO Box 590020Newton, MA 02459

(617) 559-6120

Siviq Scores

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

Liabilities / Assets

47th percentile

0.08x

Higher debt load relative to assets than 47% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

75th percentile

0.41x

Higher debt load relative to revenue than 75% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

65th percentile

9.4%

Higher net margin than 65% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

5.9%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,446,664

Up $235,477 (+11%) from 2016

Net Assets

Up

$2,259,325

Up $189,916 (+9.2%) from 2016

Liabilities

Up

$187,339

Up $45,561 (+32%) from 2016

Revenue

Up

$452,241

Up $25,334 (+5.9%) from 2016

Expenses

Up

$409,533

Up $31,061 (+8.2%) from 2016

Net Income

Down

$42,708

Down $5,727 (-12%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,391,526Liabilities 2010: $27,327Net Assets 2010: $1,364,1992010Assets 2011: $1,560,581Liabilities 2011: $112,813Net Assets 2011: $1,447,7682011Assets 2012: $1,476,464Liabilities 2012: $23,382Net Assets 2012: $1,453,0822012Assets 2013: $1,578,609Liabilities 2013: $87,654Net Assets 2013: $1,490,9552013Assets 2014: $2,094,569Liabilities 2014: $82,471Net Assets 2014: $2,012,0982014Assets 2015: $2,225,013Liabilities 2015: $96,326Net Assets 2015: $2,128,6872015Assets 2016: $2,211,187Liabilities 2016: $141,778Net Assets 2016: $2,069,4092016Assets 2017: $2,446,664Liabilities 2017: $187,339Net Assets 2017: $2,259,3252017Assets 2018: $2,617,816Liabilities 2018: $205,644Net Assets 2018: $2,412,1722018Assets 2019: $2,804,383Liabilities 2019: $199,268Net Assets 2019: $2,605,1152019Assets 2020: $2,891,824Liabilities 2020: $198,443Net Assets 2020: $2,693,3812020Assets 2021: $3,552,939Liabilities 2021: $199,439Net Assets 2021: $3,353,5002021Assets 2022: $3,048,691Liabilities 2022: $268,772Net Assets 2022: $2,779,9192022Assets 2023: $3,208,087Liabilities 2023: $293,150Net Assets 2023: $2,914,9372023Assets 2024: $3,313,218Liabilities 2024: $189,755Net Assets 2024: $3,123,4632024

Highlighted filing

2017

Assets$2,446,664
Liabilities$187,339
Net Assets$2,259,325

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $204,5652010Expenses 2011: $475,0702011Expenses 2012: $229,5492012Expenses 2013: $312,4032013Revenue 2014: $518,496Expenses 2014: $328,979Net Income 2014: $189,5172014Revenue 2015: $575,062Expenses 2015: $383,423Net Income 2015: $191,6392015Revenue 2016: $426,907Expenses 2016: $378,472Net Income 2016: $48,4352016Revenue 2017: $452,241Expenses 2017: $409,533Net Income 2017: $42,7082017Revenue 2018: $407,634Expenses 2018: $387,053Net Income 2018: $20,5812018Revenue 2019: $469,594Expenses 2019: $354,692Net Income 2019: $114,9022019Revenue 2020: $287,713Expenses 2020: $311,867Net Income 2020: -$24,1542020Revenue 2021: $343,461Expenses 2021: $297,296Net Income 2021: $46,1652021Revenue 2022: $532,671Expenses 2022: $542,851Net Income 2022: -$10,1802022Revenue 2023: $414,181Expenses 2023: $405,923Net Income 2023: $8,2582023Revenue 2024: $1,087,993Expenses 2024: $356,152Net Income 2024: $731,8412024

Highlighted filing

2017

Revenue$452,241
Expenses$409,533
Net Income$42,708
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 21, 2018
Return Version
2016v3.0
Gross Receipts
$831,861
Mission and Program Overview

Mission

To enhance and broaden community support for public education and to provide private funding for enhancement, innovation and challenging programs across a student's k-12 experiences in the newton public schools.

To enhance and broaden community support for public education and to provide private funding for enhancement, innovation and challenging programs in the newton public school system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,554,338$1,698,634▲ $144,296
Savings and Temporary Cash Investments$147,502$199,854▲ $52,352
Cash and Non-Interest-Bearing Accounts$167,913$184,586▲ $16,673
Prepaid Expenses and Deferred Charges$1,934$7,590▲ $5,656
Pledges and Grants Receivable$2,500--
Total Assets$2,211,187$2,446,664▲ $235,477
Other Assets Total$337,000$356,000▲ $19,000
Liabilities
Other Liabilities$141,310$175,664▲ $34,354
Accounts Payable and Accrued Expenses$468$11,675▲ $11,207
Total Liabilities$141,778$187,339▲ $45,561
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,839,197$1,858,197▲ $19,000
Temporarily Rstr Net Assets$140,616$307,970▲ $167,354
Unrestricted Net Assets$89,596$93,158▲ $3,562
Total Net Assets Fund Balance$2,069,409$2,259,325▲ $189,916
Total Liabilities and Net Assets / Fund Balance$2,211,187$2,446,664▲ $235,477

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$356,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,839,197-▲ $33,030$14,030$1,858,197
2015$1,830,197-▲ $10,804$1,804$1,839,197
2014$1,715,432$135,765▲ $38,725$59,725$1,830,197
2013$1,366,432-▲ $349,000-$1,715,432
2012$1,361,432$5,000▲ $62,994$62,994$1,366,432
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marcia TabenkenPresident/director
Carmen PancerellaClerk/director
Amelia AngellaDirector
Claire SokoloffDirector
Jan GilpinDirector
Josh WeissDirector
Liz RichardsonDirector
Rosemarie MullinDirector
Shawna Giggey MashalDirector
Bruce McvittieTreasurer/director
Liz HiserV.p./director
Revenue and Support

Revenue Composition

Contributions and Grants
$407,425
Program Service Revenue
$0
Investment Income
$26,965
Other Revenue
$17,851
All Other Contributions
$365,419
Change in Net Assets
$42,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$384,735
Total Fundraising Expense$32,104
Salaries, Compensation, and Employee Benefits$24,798
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$2,767$551$18,447$21,765
Other Salaries and Wages$6,948$6,948$6,948$20,844
Fees for Service Investment Mgmnt Fees-$10,877-$10,877
Fees for Services Accounting-$9,300-$9,300
Fees for Services Other$398$7,145$1,221$8,764
Payroll Taxes$1,224$1,224$1,224$3,672
Insurance-$1,450-$1,450
Other Expenses$1,080$394$1,166$394
Other Employee Benefits$94$94$94$282
Total Functional Expenses$338,812$38,617$32,104$409,533
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$25,645
Fundraising Direct Expenses$7,794
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Newton Inspires$32,715-$206-
Annual Gala$25,645$25,645$3,236$22,409
Total Events$67,651$25,645$7,794$17,851
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payables for School Based Projects and Programs$175,664
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 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

Governance Explanations

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

Form 990 is prepared by the independent accountants based on information provided by management and members of the executive committee of the board. The president and treasurer are fully involved in preparation of the filing, and after revisions, corrections, etc. Are made as necessary, the document is circulated to the full executive committee of the board prior to filing.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is monitored by requiring all board members to disclose any conflicts in writing annually.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Newton Schools Foundation Inc
EIN
23-7065010
Phone
6175596120
Address
PO BOX 590020, NEWTON, MA 02459

Signing Officer

Name
Bruce Mcvittie
Title
Treasurer
Phone
6175596120
Signed
2018-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Mcvittie
Formed
1964
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
12

Preparer

Firm
Edelstein and Company Llp
Address
160 FEDERAL STREET 9TH FLOOR, BOSTON, MA 02110
Preparer
Scott Kaplowitch
Phone
6172276161
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of split-interest agreement 19,000.

Form 990 Part XII Line 2C

This process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

Permanently restricted net assets as of june 30, 2017 consisted of the following: freeport fund-support for programs that address issues of teenagers, including preventative programs and those with significant student leadership and participation. $80,000 general endowment & technology fund - support for the organization and technology for the newton public school system. $49,995 janet m. Goldrick fund for women in leadership - support for programs which develop, encourage, and support the leadership potential of women in the newton public school system. $75,880 richard g. Hamermesh newton schools foundation perpetuity fund - support for administrative and other expenses of the organization. $329,757 theodore d. Mann excellence in education fund - support for technology in newton public school libraries and state-of-the-art equipment for the benefit of newton's public schools. $80,000 newton-beijing jingshan school exchange program endowment - support for expenses of this exchange program. $63,330 newton-beijing jingshan school exchange program - jane's trust endowment - intended to stimulate participation of low income and minority students in the exchange program. $50,000 nancy baty schad fund - support for teaching of science and mathematics in newton's public schools. $473,480 robert b. Swett, jr. Fund - support for student leadership programs of newton's public high schools and awards to graduating seniors. $163,990 jordan b. Weiss fund - support for foster awareness about the warning signs of diabetes through school nurses and to provide college and camp scholarships for newton students. $135,765 beneficial interest in split-interest agreement. $356,000 total permanently restricted net assets $ 1,858,197

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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0551
IRS990/OfficeExpensesGrp/ProgramServicesAmt02767
IRS990/OfficeExpensesGrp/TotalAmt021765
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0337000
IRS990/OtherAssetsTotalGrp/EOYAmt0356000
IRS990/OtherChangesInNetAssetsAmt019000
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt094
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt094
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt094
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0282
IRS990/OtherExpensesGrp/Desc0SCHOOL PROJECTS
IRS990/OtherExpensesGrp/Desc1COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc2BANK & CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc3FILING FEES & PERMITS
IRS990/OtherExpensesGrp/FundraisingAmt03004
IRS990/OtherExpensesGrp/FundraisingAmt11166
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0625
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2394
IRS990/OtherExpensesGrp/ProgramServicesAmt0326158
IRS990/OtherExpensesGrp/ProgramServicesAmt1143
IRS990/OtherExpensesGrp/ProgramServicesAmt21080
IRS990/OtherExpensesGrp/TotalAmt0326158
IRS990/OtherExpensesGrp/TotalAmt13772
IRS990/OtherExpensesGrp/TotalAmt22255
IRS990/OtherExpensesGrp/TotalAmt3394
IRS990/OtherLiabilitiesGrp/BOYAmt0141310
IRS990/OtherLiabilitiesGrp/EOYAmt0175664
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06948
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt06948
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06948
IRS990/OtherSalariesAndWagesGrp/TotalAmt020844
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01224
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01224
IRS990/PayrollTaxesGrp/ProgramServicesAmt01224
IRS990/PayrollTaxesGrp/TotalAmt03672
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01839197
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01858197
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01934
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07590
IRS990/PrincipalOfficerNm0BRUCE MCVITTIE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0340153
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt061377
IRS990/PYOtherExpensesAmt0358192
IRS990/PYOtherRevenueAmt025377
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt048435
IRS990/PYSalariesCompEmpBnftPaidAmt020280
IRS990/PYTotalExpensesAmt0378472
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0426907
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt042708
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0147502
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0199854
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0407425
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0340153
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0424549
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0330146
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0204145
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01706418
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt039098
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt075518
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt046697
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt020114
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt030458
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0211885
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0130862
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84200
IRS990ScheduleA/PublicSupportPY170Pct00.83970
IRS990ScheduleA/PublicSupportTotal170Amt01615218
IRS990ScheduleA/SubstantialContributorsTotAmt091200
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0407425
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0340153
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0424549
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0330146
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0204145
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01706418
IRS990ScheduleA/TotalSupportAmt01918303
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01839197
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01858197
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt033030
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt014030
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01830197
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01839197
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010804
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01804
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01715432
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0135765
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01830197
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt038725
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt059725
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01366432
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01715432
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0349000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01361432
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt05000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01366432
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt062994
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt062994
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0356000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ASSETS HELD UNDER SPLIT-INTEREST AGREEMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0175664
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYABLES FOR SCHOOL BASED PROJECTS AND PROGRAMS
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PERMANENTLY RESTRICTED NET ASSETS AS OF JUNE 30, 2017 CONSISTED OF THE FOLLOWING: FREEPORT FUND-SUPPORT FOR PROGRAMS THAT ADDRESS ISSUES OF TEENAGERS, INCLUDING PREVENTATIVE PROGRAMS AND THOSE WITH SIGNIFICANT STUDENT LEADERSHIP AND PARTICIPATION. $80,000 GENERAL ENDOWMENT & TECHNOLOGY FUND - SUPPORT FOR THE ORGANIZATION AND TECHNOLOGY FOR THE NEWTON PUBLIC SCHOOL SYSTEM. $49,995 JANET M. GOLDRICK FUND FOR WOMEN IN LEADERSHIP - SUPPORT FOR PROGRAMS WHICH DEVELOP, ENCOURAGE, AND SUPPORT THE LEADERSHIP POTENTIAL OF WOMEN IN THE NEWTON PUBLIC SCHOOL SYSTEM. $75,880 RICHARD G. HAMERMESH NEWTON SCHOOLS FOUNDATION PERPETUITY FUND - SUPPORT FOR ADMINISTRATIVE AND OTHER EXPENSES OF THE ORGANIZATION. $329,757 THEODORE D. MANN EXCELLENCE IN EDUCATION FUND - SUPPORT FOR TECHNOLOGY IN NEWTON PUBLIC SCHOOL LIBRARIES AND STATE-OF-THE-ART EQUIPMENT FOR THE BENEFIT OF NEWTON'S PUBLIC SCHOOLS. $80,000 NEWTON-BEIJING JINGSHAN SCHOOL EXCHANGE PROGRAM ENDOWMENT - SUPPORT FOR EXPENSES OF THIS EXCHANGE PROGRAM. $63,330 NEWTON-BEIJING JINGSHAN SCHOOL EXCHANGE PROGRAM - JANE'S TRUST ENDOWMENT - INTENDED TO STIMULATE PARTICIPATION OF LOW INCOME AND MINORITY STUDENTS IN THE EXCHANGE PROGRAM. $50,000 NANCY BATY SCHAD FUND - SUPPORT FOR TEACHING OF SCIENCE AND MATHEMATICS IN NEWTON'S PUBLIC SCHOOLS. $473,480 ROBERT B. SWETT, JR. FUND - SUPPORT FOR STUDENT LEADERSHIP PROGRAMS OF NEWTON'S PUBLIC HIGH SCHOOLS AND AWARDS TO GRADUATING SENIORS. $163,990 JORDAN B. WEISS FUND - SUPPORT FOR FOSTER AWARENESS ABOUT THE WARNING SIGNS OF DIABETES THROUGH SCHOOL NURSES AND TO PROVIDE COLLEGE AND CAMP SCHOLARSHIPS FOR NEWTON STUDENTS. $135,765 BENEFICIAL INTEREST IN SPLIT-INTEREST AGREEMENT. $356,000 TOTAL PERMANENTLY RESTRICTED NET ASSETS $ 1,858,197
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0356000
IRS990ScheduleD/TotalLiabilityAmt0175664
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt042006
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt032715
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt09291
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt07794
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt01500
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt01500
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0NEWTON INSPIRES
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02472
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02472
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt025645
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt032715
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt09291
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt067651
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt025645
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt025645
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt017851
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03442
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03236
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0206
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt0380
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0380
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY THE INDEPENDENT ACCOUNTANTS BASED ON INFORMATION PROVIDED BY MANAGEMENT AND MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD. THE PRESIDENT AND TREASURER ARE FULLY INVOLVED IN PREPARATION OF THE FILING, AND AFTER REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY, THE DOCUMENT IS CIRCULATED TO THE FULL EXECUTIVE COMMITTEE OF THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS MONITORED BY REQUIRING ALL BOARD MEMBERS TO DISCLOSE ANY CONFLICTS IN WRITING ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 19,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART XII LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.31$0.19$3.12$1.09$0.36$0.73
2023Detailed filing. Detailed filing data is available for this year.$3.21$0.29$2.91$0.41$0.41$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$0.27$2.78$0.53$0.54$0.01
2021Detailed filing. Detailed filing data is available for this year.$3.55$0.20$3.35$0.34$0.30$0.05
2020Detailed filing. Detailed filing data is available for this year.$2.89$0.20$2.69$0.29$0.31$0.02
2019Detailed filing. Detailed filing data is available for this year.$2.80$0.20$2.61$0.47$0.35$0.11
2018Detailed filing. Detailed filing data is available for this year.$2.62$0.21$2.41$0.41$0.39$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.45$0.19$2.26$0.45$0.41$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.21$0.14$2.07$0.43$0.38$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.23$0.10$2.13$0.58$0.38$0.19
2014Detailed filing. Detailed filing data is available for this year.$2.09$0.08$2.01$0.52$0.33$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.09$1.49$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.02$1.45$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.11$1.45$0.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.03$1.36$0.20