Civic Intelligence

Gloucester Education Foundation Inc.

990 • Fiscal year 2021 • EIN 57-1224669

Apr 01, 2020 to Mar 31, 2021 • Filed on Oct 15, 2021

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

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

42nd percentile

0.05x

Higher debt load relative to revenue than 42% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

67th percentile

24%

Higher net margin than 67% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

74th percentile

26%

Faster asset growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

7th percentile

-37%

Faster revenue growth than 7% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$2,573,104

Up $532,018 (+26%) from 2020

Net Assets

Up

$2,540,096

Up $508,510 (+25%) from 2020

Liabilities

Up

$33,008

Up $23,508 (+247%) from 2020

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin67th percentile

Revenue

Down

$611,176

Down $362,556 (-37%) from 2020

Expenses

Up

$466,604

Up $23,506 (+5.3%) from 2020

Net Income

Down

$144,572

Down $386,062 (-73%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth74th 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

2021

Assets$2,573,104
Liabilities$33,008
Net Assets$2,540,096
Open 2021 Filing

Operations Trend

Revenue Growth7th 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

2021

Revenue$611,176
Expenses$466,604
Net Income$144,572
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
Oct 15, 2021
Return Version
2020v4.1
Gross Receipts
$611,176
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$1,148,469$1,618,401▲ $469,932
Cash and Non-Interest-Bearing Accounts$389,042$625,317▲ $236,275
Savings and Temporary Cash Investments$209,635$214,209▲ $4,574
Pledges and Grants Receivable$292,840$114,077▼ $178,763
Prepaid Expenses and Deferred Charges$500$500→ $0
Total Assets$2,041,086$2,573,104▲ $532,018
Other Assets Total$600$600→ $0
Liabilities
Unsecured Notes Loans Payable-$20,000-
Accounts Payable and Accrued Expenses$9,500$13,008▲ $3,508
Total Liabilities$9,500$33,008▲ $23,508
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,897,446$1,935,783▲ $38,337
Net Assets Without Donor Restrictions$134,140$604,313▲ $470,173
Total Net Assets Fund Balance$2,031,586$2,540,096▲ $508,510
Total Liabilities and Net Assets / Fund Balance$2,041,086$2,573,104▲ $532,018

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,423,081$84,229▲ $406,885$62,543$1,844,123
2019$1,294,195$279,538▼ $109,046$41,606$1,423,081
2018$756,229$540,873▲ $20,493$23,400$1,294,195
2017$256,960$483,271▲ $27,949$11,951$756,229
2016$229,371$15,822▲ $22,499$10,732$256,960
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Serena LowPresident
ANNA O'CONNORDirector
Grace NumerosiDirector
Jochem StruppeDirector
Joe CalamoDirector
John SarroufDirector
Joseph RosaDirector
June Landergren SteelDirector
Margaret Maggie RosaDirector
Sarah GrowDirector
Ted CostaDirector
Aria McelhennyExecutive Director
John BjorlieClerk
Justine LaurieTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$575,758
Program Service Revenue
$0
Investment Income
$35,418
Other Revenue
$0
All Other Contributions
$554,758
Change in Net Assets
$144,572

Audited Revenue Reconciliation

Revenue per Audited Statements
$611,176
Revenue Not Reported on Form 990
$363,938
Total Revenue per Audited Statements
$975,114
Total Revenue per Form 990
$611,176
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$325,499
Salaries, Compensation, and Employee Benefits$92,349
Other Expenses$48,756
Total Fundraising Expense$36,268
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$325,499--$325,499
Current Officers, Directors, Trustees, and Key Employees$32,039$16,019$16,019$64,077
Other Salaries and Wages$10,519$5,259$5,259$21,037
Fees for Services Accounting$0$10,975$0$10,975
All Other Expenses$0$8,544$2,034$10,578
Occupancy$5,035$2,518$2,518$10,071
Fees for Services Other$0$1,674$6,000$7,674
Payroll Taxes$3,617$1,809$1,809$7,235
Advertising$0$2,481$0$2,481
Information Technology$0$1,215$1,214$2,429
Insurance$0$970$0$970
Other Expenses$0$290$290$580
Office Expenses$0$287$0$287
Total Functional Expenses$376,709$53,627$36,268$466,604

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$466,604
Total Expenses per Audited Statements$466,604
Total Expenses per Form 990$466,604
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Gloucester Public SchoolsGloucester, MA501(c)(3)Financial Support$325,499
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 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
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
Justine Laurie
Title
Treasurer
Phone
9782825550
Signed
2021-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Serena Low
Formed
2005
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
Employees
2
Volunteers
50

Preparer

Firm
Horvitz & Frisch Pc
Address
128 MAIN ST, GLOUCESTER, MA 01930
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.”

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.”

Raw XML AppendixShowing 400 of 511 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/BOYAmt09500
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt013008
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE SUPPORT TO GLOUCESTER PUBLIC SCHOOLS
IRS990/AdvertisingGrp/FundraisingAmt00
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02481
IRS990/AdvertisingGrp/ProgramServicesAmt00
IRS990/AdvertisingGrp/TotalAmt02481
IRS990/AllOtherContributionsAmt0554758
IRS990/AllOtherExpensesGrp/FundraisingAmt02034
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt08544
IRS990/AllOtherExpensesGrp/ProgramServicesAmt00
IRS990/AllOtherExpensesGrp/TotalAmt010578
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
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/BOYAmt0389042
IRS990/CashNonInterestBearingGrp/EOYAmt0625317
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt016019
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt016019
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt032039
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt064077
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0575758
IRS990/CYGrantsAndSimilarPaidAmt0325499
IRS990/CYInvestmentIncomeAmt035418
IRS990/CYOtherExpensesAmt048756
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0144572
IRS990/CYSalariesCompEmpBnftPaidAmt092349
IRS990/CYTotalExpensesAmt0466604
IRS990/CYTotalFundraisingExpenseAmt036268
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0611176
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/BOYAmt01897446
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01935783
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0376709
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010975
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt010975
IRS990/FeesForServicesOtherGrp/FundraisingAmt06000
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt01674
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt07674
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
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/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/PersonNm0SERENA LOW
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN BJORLIE
IRS990/Form990PartVIISectionAGrp/PersonNm2JUSTINE LAURIE
IRS990/Form990PartVIISectionAGrp/PersonNm3JUNE LANDERGREN STEEL
IRS990/Form990PartVIISectionAGrp/PersonNm4SARAH GROW
IRS990/Form990PartVIISectionAGrp/PersonNm5MARGARET MAGGIE ROSA
IRS990/Form990PartVIISectionAGrp/PersonNm6JOSEPH ROSA
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN SARROUF
IRS990/Form990PartVIISectionAGrp/PersonNm8JOCHEM STRUPPE
IRS990/Form990PartVIISectionAGrp/PersonNm9JOE CALAMO
IRS990/Form990PartVIISectionAGrp/PersonNm10ANNA O'CONNOR
IRS990/Form990PartVIISectionAGrp/PersonNm11TED COSTA
IRS990/Form990PartVIISectionAGrp/PersonNm12GRACE NUMEROSI
IRS990/Form990PartVIISectionAGrp/PersonNm13ARIA MCELHENNY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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/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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
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/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt021000
IRS990/GrantAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0325499
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0325499
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0611176
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt013
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01214
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01215
IRS990/InformationTechnologyGrp/ProgramServicesAmt00
IRS990/InformationTechnologyGrp/TotalAmt02429
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0970
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt0970
IRS990/InvestmentIncomeGrp/ExclusionAmt035418
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt035418
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01148469
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01618401
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/NetAssetsOrFundBalancesBOYAmt02031586
IRS990/NetAssetsOrFundBalancesEOYAmt02540096
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0363938
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0134140
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0604313
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt02518
IRS990/OccupancyGrp/ManagementAndGeneralAmt02518
IRS990/OccupancyGrp/ProgramServicesAmt05035
IRS990/OccupancyGrp/TotalAmt010071
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0287
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt0287
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0600
IRS990/OtherAssetsTotalGrp/EOYAmt0600
IRS990/OtherExpensesGrp/Desc0BANK SERVICE CHARGES
IRS990/OtherExpensesGrp/Desc1FILING FEES
IRS990/OtherExpensesGrp/Desc2HOSPITALITY & CATERING
IRS990/OtherExpensesGrp/Desc3MEMBERSHIP DUES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt21125
IRS990/OtherExpensesGrp/FundraisingAmt3290
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01317
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1269
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3290
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt01317
IRS990/OtherExpensesGrp/TotalAmt1269
IRS990/OtherExpensesGrp/TotalAmt21125
IRS990/OtherExpensesGrp/TotalAmt3580
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05259
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05259
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010519
IRS990/OtherSalariesAndWagesGrp/TotalAmt021037
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01809
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01809
IRS990/PayrollTaxesGrp/ProgramServicesAmt03617
IRS990/PayrollTaxesGrp/TotalAmt07235
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0292840
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0114077
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0500
IRS990/PrincipalOfficerNm0SERENA LOW
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0913043
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0260763
IRS990/PYInvestmentIncomeAmt060689
IRS990/PYOtherExpensesAmt083491
IRS990/PYRevenuesLessExpensesAmt0530634
IRS990/PYSalariesCompEmpBnftPaidAmt098844
IRS990/PYTotalExpensesAmt0443098
IRS990/PYTotalRevenueAmt0973732
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0144572
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0575758
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0209635
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0214209
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0575758
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0913043
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0992213
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0842528
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0705639
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04029181
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0399356
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt060689
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt020503
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt028093
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt022658
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0531299
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.88350
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.96740
IRS990ScheduleA/PublicSupportTotal170Amt04029181
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0575758
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0913043
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0992213
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0842528
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0705639
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04029181
IRS990ScheduleA/TotalSupportAmt04560480
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/BoardDesignatedBalanceEOYPct00.13000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt07529
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01423081
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt084229
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01844123
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0406885
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt062543
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01294195
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0279538
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01423081
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-109046
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt041606
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0756229
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0540873
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01294195
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt020493
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt023400
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0256960
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0483271
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0756229
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt027949
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt011951
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0229371
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt015822
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0256960
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022499
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt010732
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0466604
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0363938
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.87000
IRS990ScheduleD/RevenueNotReportedAmt0363938
IRS990ScheduleD/RevenueSubtotalAmt0611176
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,573,104
Liabilities
$33,008
Net assets
$2,540,096
Revenue
$611,176
Expenses
$466,604
Net income
$144,572
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