Civic Intelligence

Gloucester Education Foundation Inc.

990 • Fiscal year 2018 • EIN 57-1224669

Apr 01, 2017 to Mar 31, 2018 • Filed on Jul 17, 2018

Organization ProfileN/A
PO Box 1104Gloucester, MA 01931

(978) 282-5550

Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

95th percentile

66%

Higher net margin than 95% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

96th percentile

115%

Faster asset growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

74th percentile

20%

Faster revenue growth than 74% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$1,081,509

Up $577,396 (+115%) from 2017

Net Assets

Up

$1,072,776

Up $578,077 (+117%) from 2017

Liabilities

Down

$8,733

Down $681 (-7.2%) from 2017

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin95th percentile

Revenue

Up

$870,621

Up $142,324 (+20%) from 2017

Expenses

Down

$292,544

Down $401,106 (-58%) from 2017

Net Income

Up

$578,077

Up $543,430 (+1568%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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 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

2018

Assets$1,081,509
Liabilities$8,733
Net Assets$1,072,776
Open 2018 Filing

Operations Trend

Revenue Growth74th percentile

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 2024: $661,472Expenses 2024: $635,315Net Income 2024: $26,1572024Revenue 2025: $895,007Expenses 2025: $706,721Net Income 2025: $188,2862025

Highlighted filing

2018

Revenue$870,621
Expenses$292,544
Net Income$578,077
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2017 to Mar 31, 2018
Signed
Jul 17, 2018
Return Version
2017v2.2
Gross Receipts
$870,621
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$189,466$700,430▲ $510,964
Cash and Non-Interest-Bearing Accounts$238,183$229,680▼ $8,503
Pledges and Grants Receivable$2,500$93,400▲ $90,900
Savings and Temporary Cash Investments$67,494$54,649▼ $12,845
Prepaid Expenses and Deferred Charges$5,270$2,750▼ $2,520
Total Assets$504,113$1,081,509▲ $577,396
Other Assets Total$1,200$600▼ $600
Liabilities
Accounts Payable and Accrued Expenses$9,414$8,733▼ $681
Total Liabilities$9,414$8,733▼ $681
Net Assets / Fund Balance
Permanently Rstr Net Assets$209,572$692,843▲ $483,271
Temporarily Rstr Net Assets$88,660$214,462▲ $125,802
Unrestricted Net Assets$196,467$165,471▼ $30,996
Total Net Assets Fund Balance$494,699$1,072,776▲ $578,077
Total Liabilities and Net Assets / Fund Balance$504,113$1,081,509▲ $577,396

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$256,960$483,271▲ $27,949$11,951$756,229
2016$229,371$15,822▲ $22,499$10,732$256,960
2015$214,299$27,649▼ $2,701$9,876$229,371
2014$166,870$48,493▲ $6,820$7,884$214,299
2013$141,162$21,936▲ $10,718$6,946$166,870
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
June Landergren SteelPresident
Christine McgrathVice President
ANNA O'CONNORDirector
Jochem StruppeDirector
John SarroufDirector
Joseph CalomoDirector
Jospeh RosaDirector
Kathleen PurdyDirector
Marie CahoonDirector
Sarah GrowDirector
Serena LowDirector
Christina RaimoExecutive Director
John BjorlieClerk
Dean MurrayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$842,528
Program Service Revenue
$0
Investment Income
$28,093
Other Revenue
$0
All Other Contributions
$842,528
Change in Net Assets
$578,077

Audited Revenue Reconciliation

Revenue per Audited Statements
$870,621
Total Revenue per Audited Statements
$870,621
Total Revenue per Form 990
$870,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$122,517
Salaries, Compensation, and Employee Benefits$86,799
Other Expenses$83,228
Total Fundraising Expense$70,875
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$122,517--$122,517
Current Officers, Directors, Trustees, and Key Employees$31,880$15,939$15,939$63,758
Fees for Services Other$2,000$0$23,300$25,300
All Other Expenses$0$3,600$17,005$20,605
Other Salaries and Wages$8,060$4,031$4,031$16,122
Occupancy$6,140$3,069$3,069$12,278
Fees for Services Accounting$0$11,090$0$11,090
Payroll Taxes$3,459$1,730$1,730$6,919
Information Technology$0$2,156$2,156$4,312
Advertising$0$2,290$0$2,290
Insurance$0$1,472$0$1,472
Other Expenses$0$664$664$1,328
Office Expenses$0$99$0$99
Total Functional Expenses$174,056$47,613$70,875$292,544

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$292,544
Total Expenses per Audited Statements$292,544
Total Expenses per Form 990$292,544
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Gloucester Public SchoolsGloucester, MA501(c)(3)Financial Support$122,517
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
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
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
Filing and Contact Details

Filer

Filer Name
Gloucester Education Foundation
EIN
57-1224669
Phone
9782825550
Address
PO BOX 1104, GLOUCESTER, MA 01931

Signing Officer

Name
Dean Murray
Title
Treasurer
Phone
9782825550
Signed
2018-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
June Steel
Formed
2005
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
55

Preparer

Firm
Horvitz & Frisch Pc
Address
128 MAIN ST, GLOUCESTER, MA 01930-5725
Preparer
Howard M Frischcpa
Phone
9782812639
Supplemental Narrative

Additional Explanations

Pt VI, Line 1A

“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.”

Pt VI, Line 11B

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

Pt VI, Line 12C

“The organization requires members of the board to annually sign the conflict of interest policy.”

Pt 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 reviwed by the vice president and the chair of the fundraising/development committee. The board is informed in executive session about the final review.”

Pt VI, Line 19

“The foundation's principal governing documents including the articles of incorporation and by-laws are filed with the massachusetts secretary of state and therefore available to the public. The foundation's financial statements are available to the public on the massachusetts attorney general website.”

Pt XII, Line 2C

“The board of directors assumes responsibility for the oversight of the audit and selection of an independent accountant. There was no change from the prior year as to the procedure.”

Form 990, Part IX, Line 24E

“Payroll processing 444. 0. 444. 0.”

Form 990, Part IX, Line 24E

“Printing & postage 12364. 0. 1389. 10975.”

Form 990, Part IX, Line 24E

“Special events 4263. 0. 0. 4263.”

Form 990, Part IX, Line 24E

“Supplies 2036. 0. 1018. 1018.”

Form 990, Part IX, Line 24E

“Telephone 1498. 0. 749. 749.”

Financial Statement Notes

Pt V, Line 4

“Periodically, the board of directors may, upon recommendation of the endowment committee, transfer up to 5% per year of the fund, valued as of the preceding year-end valuation, to the operating account for disbursement.”

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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04031
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08060
IRS990/OtherSalariesAndWagesGrp/TotalAmt016122
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01730
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01730
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IRS990/PayrollTaxesGrp/TotalAmt06919
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0209572
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0692843
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02750
IRS990/PrincipalOfficerNm0JUNE STEEL
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0564264
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0512492
IRS990/PYInvestmentIncomeAmt022658
IRS990/PYOtherExpensesAmt0105740
IRS990/PYOtherRevenueAmt0141375
IRS990/PYRevenuesLessExpensesAmt034647
IRS990/PYSalariesCompEmpBnftPaidAmt075418
IRS990/PYTotalExpensesAmt0693650
IRS990/PYTotalRevenueAmt0728297
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0578077
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt032640
IRS990/SavingsAndTempCashInvstGrp/BOYAmt067494
IRS990/SavingsAndTempCashInvstGrp/EOYAmt054649
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0842528
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0705639
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0387453
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0567272
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0281052
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02783944
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt028093
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt022658
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0-2432
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05248
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt059533
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IRS990ScheduleA/PublicSupportCY170Pct00.97910
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.98480
IRS990ScheduleA/PublicSupportTotal170Amt02783944
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0842528
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0705639
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0387453
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0567272
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0281052
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02783944
IRS990ScheduleA/TotalSupportAmt02843477
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.08380
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0256960
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0483271
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0756229
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt027949
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt011951
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0229371
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt015822
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0256960
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022499
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt010732
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0214299
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt027649
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0229371
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2701
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt09876
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0166870
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt048493
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0214299
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06820
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt07884
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0141162
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt021936
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0166870
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010718
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt06946
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0292544
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.91620
IRS990ScheduleD/RevenueSubtotalAmt0870621
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PERIODICALLY, THE BOARD OF DIRECTORS MAY, UPON RECOMMENDATION OF THE ENDOWMENT COMMITTEE, TRANSFER UP TO 5% PER YEAR OF THE FUND, VALUED AS OF THE PRECEDING YEAR-END VALUATION, TO THE OPERATING ACCOUNT FOR DISBURSEMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalExpensesPerForm990Amt0292544
IRS990ScheduleD/TotalRevenuePerForm990Amt0870621
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0870621
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0292544
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0122517
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
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 FINANICAL 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/FormAndLineReferenceDesc0Pt 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 REVIWED BY THE VICE PRESIDENT AND THE CHAIR OF THE FUNDRAISING/DEVELOPMENT COMMITTEE. THE BOARD IS INFORMED IN EXECUTIVE SESSION ABOUT THE FINAL REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION'S PRINCIPAL GOVERNING DOCUMENTS INCLUDING THE ARTICLES OF INCORPORATION AND BY-LAWS ARE FILED WITH THE MASSACHUSETTS SECRETARY OF STATE AND THEREFORE AVAILABLE TO THE PUBLIC. THE FOUNDATION'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE MASSACHUSETTS ATTORNEY GENERAL WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE WAS NO CHANGE FROM THE PRIOR YEAR AS TO THE PROCEDURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PAYROLL PROCESSING 444. 0. 444. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PRINTING & POSTAGE 12364. 0. 1389. 10975.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SPECIAL EVENTS 4263. 0. 0. 4263.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9SUPPLIES 2036. 0. 1018. 1018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10TELEPHONE 1498. 0. 749. 749.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XII, Line 2c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0504113
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IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt070875
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt047613
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0174056
IRS990/TotalFunctionalExpensesGrp/TotalAmt0292544
IRS990/TotalGrossUBIAmt00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,081,509
Liabilities
$8,733
Net assets
$1,072,776
Revenue
$870,621
Expenses
$292,544
Net income
$578,077
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