Civic Intelligence

Gloucester Education Foundation Inc.

EIN 57-1224669 • 501(c)3 • Gloucester, MA

Pub. 78 Eligible

Profile

Provide support to gloucester

PO Box 1104Gloucester, MA 01931

n/A

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

63rd percentile

9.1%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Revenue Growth

68th percentile

19%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$3,092,063

Up $306,452 (+11%) from 2024

Liabilities

Down

$848

Down $1,264 (-60%) from 2024

Net Assets

Up

$3,091,215

Up $307,716 (+11%) from 2024

Operations
Liabilities / Revenue21st percentileNet Margin74th percentile

Revenue

Up

$895,007

Up $233,535 (+35%) from 2024

Expenses

Up

$706,721

Up $71,406 (+11%) from 2024

Net Income

Up

$188,286

Up $162,129 (+620%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth63rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $329,651Net Assets 2011: $329,6512011Assets 2012: $404,021Liabilities 2012: $0Net Assets 2012: $404,0212012Assets 2013: $460,750Liabilities 2013: $0Net Assets 2013: $460,7502013Assets 2014: $421,102Liabilities 2014: $0Net Assets 2014: $421,1022014Assets 2015: $649,964Liabilities 2015: $0Net Assets 2015: $649,9642015Assets 2016: $460,490Liabilities 2016: $438Net Assets 2016: $460,0522016Assets 2017: $504,113Liabilities 2017: $9,414Net Assets 2017: $494,6992017Assets 2018: $1,081,509Liabilities 2018: $8,733Net Assets 2018: $1,072,7762018Assets 2019: $1,685,004Liabilities 2019: $14,317Net Assets 2019: $1,670,6872019Assets 2020: $2,041,086Liabilities 2020: $9,500Net Assets 2020: $2,031,5862020Assets 2021: $2,573,104Liabilities 2021: $33,008Net Assets 2021: $2,540,0962021Assets 2022: $2,682,475Liabilities 2022: $4,249Net Assets 2022: $2,678,2262022Assets 2023: $2,598,597Liabilities 2023: $6,837Net Assets 2023: $2,591,7602023Assets 2024: $2,785,611Liabilities 2024: $2,112Net Assets 2024: $2,783,4992024Assets 2025: $3,092,063Liabilities 2025: $848Net Assets 2025: $3,091,2152025

Highlighted filing

2025

Assets$3,092,063
Liabilities$848
Net Assets$3,091,215
Open 2025 Filing

Operations Trend

Revenue Growth68th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $182,019Expenses 2011: $298,046Net Income 2011: -$116,0272011Revenue 2012: $355,559Expenses 2012: $280,245Net Income 2012: $75,3142012Revenue 2013: $392,934Expenses 2013: $335,597Net Income 2013: $57,3372013Revenue 2014: $286,300Expenses 2014: $331,420Net Income 2014: -$45,1202014Revenue 2015: $565,766Expenses 2015: $340,780Net Income 2015: $224,9862015Revenue 2016: $385,021Expenses 2016: $574,933Net Income 2016: -$189,9122016Revenue 2017: $728,297Expenses 2017: $693,650Net Income 2017: $34,6472017Revenue 2018: $870,621Expenses 2018: $292,544Net Income 2018: $578,0772018Revenue 2019: $1,012,716Expenses 2019: $414,805Net Income 2019: $597,9112019Revenue 2020: $973,732Expenses 2020: $443,098Net Income 2020: $530,6342020Revenue 2021: $611,176Expenses 2021: $466,604Net Income 2021: $144,5722021Revenue 2022: $687,103Expenses 2022: $510,996Net Income 2022: $176,1072022Revenue 2023: $628,647Expenses 2023: $569,333Net Income 2023: $59,3142023Revenue 2024: $661,472Expenses 2024: $635,315Net Income 2024: $26,1572024Revenue 2025: $895,007Expenses 2025: $706,721Net Income 2025: $188,2862025

Highlighted filing

2025

Revenue$895,007
Expenses$706,721
Net Income$188,286
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,092,063
Liabilities
$848
Net assets
$3,091,215
Revenue
$895,007
Expenses
$706,721
Net income
$188,286
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.09$0.00$3.09$0.90$0.71$0.19
2024Detailed filing. Detailed filing data is available for this year.$2.79$0.00$2.78$0.66$0.64$0.03
2023Detailed filing. Detailed filing data is available for this year.$2.60$0.01$2.59$0.63$0.57$0.06
2022Detailed filing. Detailed filing data is available for this year.$2.68$0.00$2.68$0.69$0.51$0.18
2021Detailed filing. Detailed filing data is available for this year.$2.57$0.03$2.54$0.61$0.47$0.14
2020Detailed filing. Detailed filing data is available for this year.$2.04$0.01$2.03$0.97$0.44$0.53
2019Detailed filing. Detailed filing data is available for this year.$1.69$0.01$1.67$1.01$0.41$0.60
2018Detailed filing. Detailed filing data is available for this year.$1.08$0.01$1.07$0.87$0.29$0.58
2017Detailed filing. Detailed filing data is available for this year.$0.50$0.01$0.49$0.73$0.69$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.39$0.57$0.19
2015Summary only. Only limited summary data is available for this year.$0.65$0.00$0.65$0.57$0.34$0.22
2014Summary only. Only limited summary data is available for this year.$0.42$0.00$0.42$0.29$0.33$0.05
2013Summary only. Only limited summary data is available for this year.$0.46$0.00$0.46$0.39$0.34$0.06
2012Summary only. Only limited summary data is available for this year.$0.40$0.00$0.40$0.36$0.28$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.33$0.18$0.30$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 4, 2025
Return Version
2024v5.2
Gross Receipts
$1,335,671
Mission and Program Overview

Mission

Provide support to gloucester

Provide financial support for new and innovative programs for the public schools of Gloucester, Massachusetts

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,088,123$2,191,703▲ $103,580
Cash and Non-Interest-Bearing Accounts$508,017$704,477▲ $196,460
Pledges and Grants Receivable$188,211$194,623▲ $6,412
Prepaid Expenses and Deferred Charges$1,260$1,260→ $0
Total Assets$2,785,611$3,092,063▲ $306,452
Liabilities
Accounts Payable and Accrued Expenses$2,112$848▼ $1,264
Total Liabilities$2,112$848▼ $1,264
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,291,068$2,370,160▲ $79,092
Net Assets With Donor Restrictions$492,431$721,055▲ $228,624
Total Net Assets Fund Balance$2,783,499$3,091,215▲ $307,716
Total Liabilities and Net Assets / Fund Balance$2,785,611$3,092,063▲ $306,452

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,088,123$20,248▲ $202,060$105,508$2,191,703
2023$1,881,646$13,381▲ $203,114-$2,088,123
2022$1,842,324-▲ $41,630-$1,881,646
2021$1,704,466$248,311▼ $101,304-$1,842,324
2020$1,844,123$148,151▲ $35,893$313,512$1,704,466
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Emily SiegelExecutive DirectorFT$102,401$102,401

Board Members and Trustees

NameTitle
Ted CostaPresident
Christopher BoucherDirector
Dawn SarroufDirector
Ingrid ContiDirector
Karen KennyDirector
Leslie FridayDirector
Maiuza AlvesDirector
Margaret RosaDirector
Marianne SmithDirector
Zachary SmithDirector
Matt BeachSecretary
Brian WeedTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$811,384
Program Service Revenue
$0
Investment Income
$82,630
Other Revenue
$993
All Other Contributions
$811,384
Change in Net Assets
$188,286
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$456,618
Salaries, Compensation, and Employee Benefits$153,566
Other Expenses$96,537
Total Fundraising Expense$72,828
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$456,618--$456,618
Current Officers, Directors, Trustees, and Key Employees$55,487$27,744$27,744$110,975
Other Salaries and Wages$6,252$3,126$21,883$31,261
Occupancy$7,003$3,501$3,501$14,005
Fees for Service Investment Mgmnt Fees-$13,220-$13,220
Payroll Taxes$4,918$2,459$3,953$11,330
All Other Expenses-$6,982$2,092$9,074
Fees for Services Accounting-$6,238-$6,238
Other Expenses$28,233$4,921$869$5,790
Conferences and Meetings-$1,722-$1,722
Insurance-$1,563-$1,563
Information Technology-$608$607$1,215
Advertising-$1,073-$1,073
Fees for Services Other-$250-$250
Total Functional Expenses$558,511$75,382$72,828$706,721
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Gloucester Public SchoolsGloucester, MA501c3Financial Support$456,618
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
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
Yes
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

Governing body decisions Part VI line 7B

“The Executive Committee, comprised of the President, the Vice President and the Treasurer, is empowered to act when time does not allow for a full board meeting and such other times and for such other purposes as may be approved by the Board of Directors. Actions taken by the Executive Committee require unanimity among its members. The Executive Committee is empowered to commit no more than $5,000 for any one purpose.”

Form 990 governing body review Part VI line 11

“The Form 990 is provided electronically to each board member for their review and written approval to file the Form 990.”

Conflict of interest policy compliance Part VI line 12C

“The Foundation requires members of the Board to annually sign the conflict of interest policy.”

CEO executive director top management comp Part VI line 15A

“Compensation is reviewed on an annual basis. The review process starts with the President seeking input from the Board of Directors and including that information, if any, into a draft document that is reviewed by the Executive Committee. The Board is informed in executive session about the final review.”

Governing documents etc available to public Part VI line 19

“The Foundations principal governing documents, including the Articles of Incorporation and By-Laws, are filed with the Massachusetts Secretary of State and therefore, are available to the public. The Foundations financial statements are available to the public on the Massachusetts Attorney General website. Other documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Gloucester Education Foundation Inc
EIN
57-1224669
In Care Of
% Ted Costa
Phone
9782825550
Address
PO Box 1104, Gloucester, MA 01931

Signing Officer

Name
Ted Costa
Title
President
Phone
9782825550
Signed
2025-12-04
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
2
Volunteers
250

Preparer

Firm
Luccitelli & Co CPAs PC
Address
404 Main Street, Wilmington, MA 01887
Preparer
Vincent D Luccitelli
Phone
9786586011
Supplemental Narrative

Financial Statement Notes

Part V, Line 4-Intended uses of endowment funds

“Provide long-term financial support for new and innovative programs for the public schools of Gloucester, Massachusetts”

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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/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt11President
IRS990/Form990PartVIISectionAGrp/TitleTxt12Secretary
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IRS990/FormationYr02005
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0608
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IRS990/InsuranceGrp/ManagementAndGeneralAmt01563
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IRS990/LegalDomicileStateCd0MA
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0Provide financial support for new and innovative programs for the public schools of Gloucester, Massachusetts
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IRS990/NetAssetsOrFundBalancesEOYAmt03091215
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IRS990/OccupancyGrp/TotalAmt014005
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc1Telephone
IRS990/OtherExpensesGrp/Desc2Postage
IRS990/OtherExpensesGrp/Desc3Outside services
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IRS990/OtherExpensesGrp/FundraisingAmt11369
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IRS990/OtherExpensesGrp/FundraisingAmt3869
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01369
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1606
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24921
IRS990/OtherExpensesGrp/ProgramServicesAmt028233
IRS990/OtherExpensesGrp/TotalAmt037227
IRS990/OtherExpensesGrp/TotalAmt12738
IRS990/OtherExpensesGrp/TotalAmt22422
IRS990/OtherExpensesGrp/TotalAmt35790
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03126
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06252
IRS990/OtherSalariesAndWagesGrp/TotalAmt031261
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt03953
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02459
IRS990/PayrollTaxesGrp/ProgramServicesAmt04918
IRS990/PayrollTaxesGrp/TotalAmt011330
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0188211
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0194623
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01260
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01260
IRS990/ProfessionalFundraisingInd0false
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IRS990/QuidProQuoContributionsInd0false
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IRS990/ReconcilationRevenueExpnssAmt0188286
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0811384
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0620539
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt034876
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0584171
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0603044
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02654014
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt050993
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt049927
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010054
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt044476
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt035893
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0191343
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.80140
IRS990ScheduleA/PublicSupportPY170Pct00.64310
IRS990ScheduleA/PublicSupportTotal170Amt02280216
IRS990ScheduleA/SubstantialContributorsTotAmt0373798
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0811384
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0620539
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt034876
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0584171
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0603044
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02654014
IRS990ScheduleA/TotalSupportAmt02845357
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/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt013220
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02088123
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt020248
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02191703
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0202060
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0105508
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt010018
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01881646
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt013381
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0203114
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt02308
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01842324
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01881646
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt041630
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt09149
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01704466
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0248311
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01842324
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-101304
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt010189
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01844123
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0148151
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01704466
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt035893
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0313512
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Provide long-term financial support for new and innovative programs for the public schools of Gloucester, Massachusetts
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4-Intended uses of endowment funds
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0456618
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Financial Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Gloucester Public Schools
IRS990ScheduleI/RecipientTable/RecipientEIN0046001390
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02 Blackburn Drive
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Gloucester
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd001930
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation provides financial support for the public schools of Gloucester, Massachusetts. The school district notifies the Foundation as to where funds are needed and, on an ongoing basis, the Board of Directors of the Foundation review the needs of the school district.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Executive Committee, comprised of the President, the Vice President and the Treasurer, is empowered to act when time does not allow for a full board meeting and such other times and for such other purposes as may be approved by the Board of Directors. Actions taken by the Executive Committee require unanimity among its members. The Executive Committee is empowered to commit no more than $5,000 for any one purpose.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is provided electronically to each board member for their review and written approval to file the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Foundation requires members of the Board to annually sign the conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation is reviewed on an annual basis. The review process starts with the President seeking input from the Board of Directors and including that information, if any, into a draft document that is reviewed by the Executive Committee. The Board is informed in executive session about the final review.

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