Civic Intelligence

Gloucester Education Foundation Inc.

990 • Fiscal year 2023 • EIN 57-1224669

Apr 01, 2023 to Jun 30, 2023 • Filed on Jan 29, 2024

PO Box 1104Gloucester, MA 01931

(978) 282-5550

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$2,595,523

Down $86,952 (-3.2%) from 2022

Net Assets

Down

$2,595,161

Down $83,065 (-3.1%) from 2022

Liabilities

Down

$362

Down $3,887 (-91%) from 2022

Revenue And Expenses

Revenue

Down

$44,930

Down $642,173 (-93%) from 2022

Expenses

Down

$73,103

Down $437,893 (-86%) from 2022

Net Income

Down

-$28,173

Down $204,280 (-116%) from 2022

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 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 2023: $2,595,523Liabilities 2023: $362Net Assets 2023: $2,595,1612023Assets 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

2023

Assets$2,595,523
Liabilities$362
Net Assets$2,595,161

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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 2023: $44,930Expenses 2023: $73,103Net Income 2023: -$28,1732023Revenue 2024: $661,472Expenses 2024: $635,315Net Income 2024: $26,1572024Revenue 2025: $895,007Expenses 2025: $706,721Net Income 2025: $188,2862025

Highlighted filing

2023

Revenue$44,930
Expenses$73,103
Net Income-$28,173
Jump To
Filing Snapshot
Filing Period
Apr 1, 2023 to Jun 30, 2023
Signed
Jan 29, 2024
Return Version
2022v5.0
Gross Receipts
$44,930
Mission and Program Overview

Mission

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

Provide support to Gloucester public schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,842,324$1,881,646▲ $39,322
Cash and Non-Interest-Bearing Accounts$601,628$562,232▼ $39,396
Pledges and Grants Receivable$150,545$150,545→ $0
Prepaid Expenses and Deferred Charges$4,100$1,100▼ $3,000
Total Assets$2,598,597$2,595,523▼ $3,074
Liabilities
Accounts Payable and Accrued Expenses$6,837$362▼ $6,475
Total Liabilities$6,837$362▼ $6,475
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,229,353$2,238,554▲ $9,201
Net Assets With Donor Restrictions$362,407$356,607▼ $5,800
Total Net Assets Fund Balance$2,591,760$2,595,161▲ $3,401
Total Liabilities and Net Assets / Fund Balance$2,598,597$2,595,523▼ $3,074

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
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
2019$1,423,081$84,229▲ $406,885$62,543$1,844,123
2018$1,294,195$279,538▼ $109,046$41,606$1,423,081
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Emily SiegelExecutive DirectorFT$92,549$92,549

Board Members and Trustees

NameTitle
Anna OConnorCurrent President
Ted CostaPresident Elect
Brian WeedDirector
Joseph RosaDirector
June Landergren SteelDirector
Karen KennyDirector
Kathleen ClancyDirector
Leslie FridayDirector
Maiuza AlvesDirector
Margaret Maggie RosaDirector
Marianne SmithDirector
Matt BeachDirector
John BjorlieClerk
Justine LaurieTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$34,876
Program Service Revenue
$0
Investment Income
$10,054
Other Revenue
$0
All Other Contributions
$34,876
Change in Net Assets
$-28,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$31,534
Grants and Similar Amounts Paid$21,170
Salaries, Compensation, and Employee Benefits$20,399
Total Fundraising Expense$7,932
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$21,170--$21,170
Current Officers, Directors, Trustees, and Key Employees$9,485$4,742$4,742$18,969
All Other Expenses-$4,759$481$5,240
Occupancy$1,428$714$713$2,855
Other Expenses$16,206$1,983$350$2,333
Fees for Service Investment Mgmnt Fees-$2,308-$2,308
Payroll Taxes$715$358$357$1,430
Fees for Services Accounting-$390-$390
Advertising-$359-$359
Conferences and Meetings-$224-$224
Total Functional Expenses$49,004$16,167$7,932$73,103
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Gloucester Public SchoolsGloucester, MA501c3Financial Support$21,170
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
No
Annual disclosure for covered persons
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 Organization 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
Address
PO Box 1104, Gloucester, MA 01931

Signing Officer

Name
Anna OConnor
Title
Current Preside
Phone
9782825550
Signed
2024-01-29
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
Employees
2
Volunteers
50

Preparer

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

Additional Explanations

General explanation attachment

REVENUE PROCEDURE 85-58 RULES APPLYReason for change of fiscal year end is to better align with the Gloucester Public Schools calendar and their fiscal year.

Raw XML AppendixShowing 400 of 470 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt06837
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0362
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Provide support to Gloucester public schools
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0359
IRS990/AdvertisingGrp/TotalAmt0359
IRS990/AllOtherContributionsAmt034876
IRS990/AllOtherExpensesGrp/FundraisingAmt0481
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt04759
IRS990/AllOtherExpensesGrp/TotalAmt05240
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Justine Laurie
IRS990/BooksInCareOfDetail/PhoneNum09782825550
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 1104
IRS990/BooksInCareOfDetail/USAddress/CityNm0Gloucester
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001931
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0601628
IRS990/CashNonInterestBearingGrp/EOYAmt0562232
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt04742
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt04742
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt09485
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt018969
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0224
IRS990/ConferencesMeetingsGrp/TotalAmt0224
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt034876
IRS990/CYGrantsAndSimilarPaidAmt021170
IRS990/CYInvestmentIncomeAmt010054
IRS990/CYOtherExpensesAmt031534
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-28173
IRS990/CYSalariesCompEmpBnftPaidAmt020399
IRS990/CYTotalExpensesAmt073103
IRS990/CYTotalFundraisingExpenseAmt07932
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt044930
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0Direct program support to Gloucester, Massachusetts public schools
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0362407
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0356607
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt049004
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0390
IRS990/FeesForServicesAccountingGrp/TotalAmt0390
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt02308
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt02308
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0Emily Siegel
IRS990/Form990PartVIISectionAGrp/PersonNm1Maiuza Alves
IRS990/Form990PartVIISectionAGrp/PersonNm2Karen Kenny
IRS990/Form990PartVIISectionAGrp/PersonNm3Marianne Smith
IRS990/Form990PartVIISectionAGrp/PersonNm4Leslie Friday
IRS990/Form990PartVIISectionAGrp/PersonNm5Matt Beach
IRS990/Form990PartVIISectionAGrp/PersonNm6Joseph Rosa
IRS990/Form990PartVIISectionAGrp/PersonNm7Margaret Maggie Rosa
IRS990/Form990PartVIISectionAGrp/PersonNm8Kathleen Clancy
IRS990/Form990PartVIISectionAGrp/PersonNm9Brian Weed
IRS990/Form990PartVIISectionAGrp/PersonNm10June Landergren Steel
IRS990/Form990PartVIISectionAGrp/PersonNm11Justine Laurie
IRS990/Form990PartVIISectionAGrp/PersonNm12Anna OConnor
IRS990/Form990PartVIISectionAGrp/PersonNm13Ted Costa
IRS990/Form990PartVIISectionAGrp/PersonNm14John Bjorlie
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt092549
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt12Current President
IRS990/Form990PartVIISectionAGrp/TitleTxt13President Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt14Clerk
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt021170
IRS990/GrantsToDomesticOrgsGrp/TotalAmt021170
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt044930
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt010054
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010054
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01842324
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01881646
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide support to Gloucester public schools
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02591760
IRS990/NetAssetsOrFundBalancesEOYAmt02595161
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt031574
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02229353
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02238554
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0713
IRS990/OccupancyGrp/ManagementAndGeneralAmt0714
IRS990/OccupancyGrp/ProgramServicesAmt01428
IRS990/OccupancyGrp/TotalAmt02855
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Special Events
IRS990/OtherExpensesGrp/Desc1Telephone
IRS990/OtherExpensesGrp/Desc2Printing Postage
IRS990/OtherExpensesGrp/Desc3Outside services
IRS990/OtherExpensesGrp/FundraisingAmt0330
IRS990/OtherExpensesGrp/FundraisingAmt1959
IRS990/OtherExpensesGrp/FundraisingAmt2350
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0330
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11983
IRS990/OtherExpensesGrp/ProgramServicesAmt016206
IRS990/OtherExpensesGrp/TotalAmt016206
IRS990/OtherExpensesGrp/TotalAmt1660
IRS990/OtherExpensesGrp/TotalAmt2959
IRS990/OtherExpensesGrp/TotalAmt32333
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0357
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0358
IRS990/PayrollTaxesGrp/ProgramServicesAmt0715
IRS990/PayrollTaxesGrp/TotalAmt01430
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0150545
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0150545
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04100
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01100
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0584171
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0356744
IRS990/PYInvestmentIncomeAmt044476
IRS990/PYOtherExpensesAmt089844
IRS990/PYRevenuesLessExpensesAmt059314
IRS990/PYSalariesCompEmpBnftPaidAmt0122745
IRS990/PYTotalExpensesAmt0569333
IRS990/PYTotalRevenueAmt0628647
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-28173
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt034876
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt034876
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0584171
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0603044
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0575758
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0913043
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02710892
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010054
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt044476
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt035893
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0399356
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt060689
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0550468
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.43960
IRS990ScheduleA/PublicSupportPY170Pct00.82790
IRS990ScheduleA/PublicSupportTotal170Amt01433841
IRS990ScheduleA/SubstantialContributorsTotAmt01277051
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt034876
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0584171
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0603044
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0575758
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0913043
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02710892
IRS990ScheduleA/TotalSupportAmt03261360
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt02308
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01842324
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01881646
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt041630
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt09149
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01704466
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0248311
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01842324
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-101304
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt010189
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01844123
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0148151
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01704466
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt035893
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0313512
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt07529
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01423081
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt084229
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01844123
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0406885
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt062543
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01294195
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0279538
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01423081
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-109046
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt041606
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt021170
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 Organization 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REVENUE PROCEDURE 85-58 RULES APPLYReason for change of fiscal year end is to better align with the Gloucester Public Schools calendar and their fiscal year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5General explanation attachment
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2023Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.60$0.04$0.07$0.03
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