Civic Intelligence

Nefrig Continuing Education Fund Inc.

990EZ • Fiscal year 2022 • EIN 83-2693584

Jan 01, 2022 to Dec 31, 2022 • Filed on May 12, 2023

30 Sandwich RoadWareham, MA 02571

(508) 958-4443

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

98th percentile

98%

Higher net margin than 98% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

88th percentile

68%

Faster asset growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

51st percentile

9.9%

Faster revenue growth than 51% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$133,836

Up $54,400 (+68%) from 2021

Net Assets

Up

$133,836

Up $54,400 (+68%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$55,619

Up $5,019 (+9.9%) from 2021

Expenses

Up

$1,219

Up $110 (+9.9%) from 2021

Net Income

Up

$54,400

Up $4,909 (+9.9%) from 2021

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2018: $10,000Liabilities 2018: $02018Assets 2019: $10,000Liabilities 2019: $02019Assets 2020: $29,945Liabilities 2020: $02020Assets 2021: $79,436Liabilities 2021: $0Net Assets 2021: $79,4362021Assets 2022: $133,836Liabilities 2022: $0Net Assets 2022: $133,8362022Assets 2023: $188,801Liabilities 2023: $0Net Assets 2023: $188,8012023Assets 2024: $237,391Liabilities 2024: $0Net Assets 2024: $237,3912024

Highlighted filing

2022

Assets$133,836
Liabilities$0
Net Assets$133,836

Operations Trend

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

$60K$40K$20K$0Revenue 2018: $10,000Expenses 2018: $0Net Income 2018: $10,0002018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $21,564Expenses 2020: $1,619Net Income 2020: $19,9452020Revenue 2021: $50,600Expenses 2021: $1,109Net Income 2021: $49,4912021Revenue 2022: $55,619Expenses 2022: $1,219Net Income 2022: $54,4002022Revenue 2023: $55,869Expenses 2023: $904Net Income 2023: $54,9652023Revenue 2024: $59,475Expenses 2024: $10,885Net Income 2024: $48,5902024

Highlighted filing

2022

Revenue$55,619
Expenses$1,219
Net Income$54,400
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 12, 2023
Return Version
2022v5.0
Gross Receipts
$55,619
Mission and Program Overview

Mission

Nefrig continuing education fund, inc. Is a nonprofit corporation organized and operated exclusively for charitable purposes, specifically to provide employee's children with monies to continue their education. We further our purposes under this program by conducting the following activities: we feel continuing education is important to our children's future. The further education can be either college or trade school. We will not be fundraising. All funds will come from new england refrigeration. As each child graduates high school and decides to further their education, monies will be paid to the higher educational institute. Bookkeeping. Recording of donation. Once an employee's child has graduated high school and has chosen to continue their education they are eligible for funds. We will contact the higher education organization directly and all funds will be paid directly to them not the student. If the student decides not to pursue higher education, the monies will be returned to

Program Services

DescriptionGrantsExpenses
N/A$565$565
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
PAUL RIENDEAUPresident-$0--
KATHLEEN MORRISONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Nefrig Continuing Education Fund
EIN
83-2693584
Phone
5089584443
Address
30 SANDWICH ROAD, WAREHAM, MA 02571

Signing Officer

Name
Paul Riendeau
Title
President
Phone
5089584443
Signed
2023-05-12
Discuss with paid preparer
Yes

Preparer

Firm
Kesner Godes & Morrissey LLC
Address
15 PACELLA PARK DR STE 200, RANDOLPH, MA 02368
Preparer
Michael Morrissey
Phone
7819612900
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses filing fees 54 total 54

Form 990-ez, Part III

Nefrig continuing education fund, inc. Is a nonprofit corporation organized and operated exclusively for charitable purposes, specifically to provide employee's children with monies to continue their education. We further our purposes under this program by conducting the following activities: we feel continuing education is important to our children's future. The further education can be either college or trade school. We will not be fundraising. All funds will come from new england refrigeration. As each child graduates high school and decides to further their education, monies will be paid to the higher educational institute. Bookkeeping. Recording of donation. Once an employee's child has graduated high school and has chosen to continue their education they are eligible for funds. We will contact the higher education organization directly and all funds will be paid directly to them not the student. If the student decides not to pursue higher education, the monies will be returned to the company. There will not be much day to day activities, the one contributor will be making a donation once a year. No one will be receiving any compensation for their work and there are no overhead expenses. The board will meet when an employee's child is eligible and decide on the amount to contribute. Kathy morrison administers this program on a volunteer basis. This program commenced on december 3, 2018 and consumes 100% of the organization's time. Monies are for employee children at new england refrigeration. New england refrigeration will be making the one and only donation at the end of each fiscal year. Our program is conducted at 30 sandwich road, wareham, ma 02571. Through the successful execution of our program, we further our charitable purposes.

Raw XML Appendix118 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0PAUL RIENDEAU
IRS990EZ/BooksInCareOfDetail/PhoneNum05089584443
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt030 SANDWICH ROAD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WAREHAM
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002571
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt079436
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0133836
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt055619
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt054400
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0600
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt079436
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0133836
IRS990EZ/GrantsAndSimilarAmountsPaidAmt0565
IRS990EZ/GrossReceiptsAmt055619
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt079436
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0133836
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt079436
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0133836
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0PAUL RIENDEAU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KATHLEEN MORRISON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt054
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0NEFRIG CONTINUING EDUCATION FUND, INC. IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES, SPECIFICALLY TO PROVIDE EMPLOYEE'S CHILDREN WITH MONIES TO CONTINUE THEIR EDUCATION. WE FURTHER OUR PURPOSES UNDER THIS PROGRAM BY CONDUCTING THE FOLLOWING ACTIVITIES: WE FEEL CONTINUING EDUCATION IS IMPORTANT TO OUR CHILDREN'S FUTURE. THE FURTHER EDUCATION CAN BE EITHER COLLEGE OR TRADE SCHOOL. WE WILL NOT BE FUNDRAISING. ALL FUNDS WILL COME FROM NEW ENGLAND REFRIGERATION. AS EACH CHILD GRADUATES HIGH SCHOOL AND DECIDES TO FURTHER THEIR EDUCATION, MONIES WILL BE PAID TO THE HIGHER EDUCATIONAL INSTITUTE. BOOKKEEPING. RECORDING OF DONATION. ONCE AN EMPLOYEE'S CHILD HAS GRADUATED HIGH SCHOOL AND HAS CHOSEN TO CONTINUE THEIR EDUCATION THEY ARE ELIGIBLE FOR FUNDS. WE WILL CONTACT THE HIGHER EDUCATION ORGANIZATION DIRECTLY AND ALL FUNDS WILL BE PAID DIRECTLY TO THEM NOT THE STUDENT. IF THE STUDENT DECIDES NOT TO PURSUE HIGHER EDUCATION, THE MONIES WILL BE RETURNED TO
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0N/A
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0565
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0565
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt01219
IRS990EZ/TotalProgramServiceExpensesAmt0565
IRS990EZ/TotalRevenueAmt055619
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt055619
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt050600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt021564
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt010000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0137783
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0137783
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt055619
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt050600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt021564
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt010000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0137783
IRS990ScheduleA/TotalSupportAmt0137783
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES FILING FEES 54 TOTAL 54
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NEFRIG CONTINUING EDUCATION FUND, INC. IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES, SPECIFICALLY TO PROVIDE EMPLOYEE'S CHILDREN WITH MONIES TO CONTINUE THEIR EDUCATION. WE FURTHER OUR PURPOSES UNDER THIS PROGRAM BY CONDUCTING THE FOLLOWING ACTIVITIES: WE FEEL CONTINUING EDUCATION IS IMPORTANT TO OUR CHILDREN'S FUTURE. THE FURTHER EDUCATION CAN BE EITHER COLLEGE OR TRADE SCHOOL. WE WILL NOT BE FUNDRAISING. ALL FUNDS WILL COME FROM NEW ENGLAND REFRIGERATION. AS EACH CHILD GRADUATES HIGH SCHOOL AND DECIDES TO FURTHER THEIR EDUCATION, MONIES WILL BE PAID TO THE HIGHER EDUCATIONAL INSTITUTE. BOOKKEEPING. RECORDING OF DONATION. ONCE AN EMPLOYEE'S CHILD HAS GRADUATED HIGH SCHOOL AND HAS CHOSEN TO CONTINUE THEIR EDUCATION THEY ARE ELIGIBLE FOR FUNDS. WE WILL CONTACT THE HIGHER EDUCATION ORGANIZATION DIRECTLY AND ALL FUNDS WILL BE PAID DIRECTLY TO THEM NOT THE STUDENT. IF THE STUDENT DECIDES NOT TO PURSUE HIGHER EDUCATION, THE MONIES WILL BE RETURNED TO THE COMPANY. THERE WILL NOT BE MUCH DAY TO DAY ACTIVITIES, THE ONE CONTRIBUTOR WILL BE MAKING A DONATION ONCE A YEAR. NO ONE WILL BE RECEIVING ANY COMPENSATION FOR THEIR WORK AND THERE ARE NO OVERHEAD EXPENSES. THE BOARD WILL MEET WHEN AN EMPLOYEE'S CHILD IS ELIGIBLE AND DECIDE ON THE AMOUNT TO CONTRIBUTE. KATHY MORRISON ADMINISTERS THIS PROGRAM ON A VOLUNTEER BASIS. THIS PROGRAM COMMENCED ON DECEMBER 3, 2018 AND CONSUMES 100% OF THE ORGANIZATION'S TIME. MONIES ARE FOR EMPLOYEE CHILDREN AT NEW ENGLAND REFRIGERATION. NEW ENGLAND REFRIGERATION WILL BE MAKING THE ONE AND ONLY DONATION AT THE END OF EACH FISCAL YEAR. OUR PROGRAM IS CONDUCTED AT 30 SANDWICH ROAD, WAREHAM, MA 02571. THROUGH THE SUCCESSFUL EXECUTION OF OUR PROGRAM, WE FURTHER OUR CHARITABLE PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL RIENDEAU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05089584443
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEFRIG CONTINUING EDUCATION FUND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0NEFR
ReturnHeader/Filer/EIN0832693584
ReturnHeader/Filer/PhoneNum05089584443
ReturnHeader/Filer/USAddress/AddressLine1Txt030 SANDWICH ROAD
ReturnHeader/Filer/USAddress/CityNm0WAREHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002571
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043534389
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KESNER GODES & MORRISSEY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015 PACELLA PARK DR STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RANDOLPH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002368
ReturnHeader/PreparerPersonGrp/PhoneNum07819612900
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL MORRISSEY
ReturnHeader/ReturnTs02023-05-15T10:37:00-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PAUL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RIENDEAU
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings