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Nonprofiteer
← STRATFORD FOUNDATION INC

Form 990 for tax year 2024

Filed by STRATFORD FOUNDATION INC.

Totals

Total revenue
$1,957,367
Total expenses
$2,605,170
Contributions and grants received
$0
Grants paid
$435,335
Program service revenue
$961,292
Investment income
$996,075
Other revenue
$0
Total assets, end of year
$15,850,979
Total liabilities, end of year
$999,698
Net assets or fund balances, end of year
$14,851,281
Program services expenses (Part IX)
$1,801,942
Management and general expenses
$803,228
Fundraising expenses
$0
Program service expenses (Part III)
$1,801,942

Program services were 69.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Student tuition and fees

    total $961,292 · related or exempt $961,292 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $576,785 · related or exempt $0 · unrelated business $0 · excluded $576,785

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $5,277,016 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $4,857,726 · other assets $0

  • 7c · Gain or loss

    securities $419,290 · other assets $0

  • 7d · Net gain or loss

    total $419,290 · related or exempt $0 · unrelated business $0 · excluded $419,290

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $300,000 · program services $300,000

  • 2 · Grants to domestic individuals

    total $135,335 · program services $135,335

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $374,444 · program services $0 · management and general $374,444 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $1,077,956 · program services $916,123 · management and general $161,833 · fundraising $0

  • 8 · Pension plan contributions

    total $30,766 · program services $23,722 · management and general $7,044 · fundraising $0

  • 9 · Other employee benefits

    total $115,621 · program services $97,790 · management and general $17,831 · fundraising $0

  • 10 · Payroll taxes

    total $123,638 · program services $83,570 · management and general $40,068 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $35,885 · program services $5,224 · management and general $30,661 · fundraising $0

  • 11c · Fees: accounting

    total $25,600 · program services $0 · management and general $25,600 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $73,239 · program services $0 · management and general $73,239 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $49,528 · program services $49,528 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $32,203 · program services $14,612 · management and general $17,591 · fundraising $0

  • 14 · Information technology

    total $14,399 · program services $10,605 · management and general $3,794 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $131,401 · program services $96,105 · management and general $35,296 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $4,633 · program services $3,163 · management and general $1,470 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $3,296 · program services $2,133 · management and general $1,163 · fundraising $0

  • 23 · Insurance

    total $22,463 · program services $13,627 · management and general $8,836 · fundraising $0

  • 24a · Other expenses: Supplies-curriculum materials

    total $12,298 · program services $12,298 · management and general $0 · fundraising $0

  • 24b · Other expenses: Bank & credit card fees

    total $13,439 · program services $13,287 · management and general $152 · fundraising $0

  • 24c · Other expenses: Training related expenses

    total $10,586 · program services $10,586 · management and general $0 · fundraising $0

  • 24d · Other expenses: Repairs & maintenance

    total $4,425 · program services $3,250 · management and general $1,175 · fundraising $0

  • 24e · All other expenses

    total $14,015 · program services $10,984 · management and general $3,031 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,245 · end of year $116,517

  • 2 · Savings and temporary cash investments

    beginning of year $485,677 · end of year $424,226

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $55,250 · end of year $41,064

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,908 · end of year $22,355

  • 10a · Land, buildings and equipment: cost or other basis

    $128,868

  • 10b · Land, buildings and equipment: accumulated depreciation

    $126,009

  • 10c · Land, buildings and equipment, net

    beginning of year $4,022 · end of year $2,859

  • 11 · Investments: publicly traded securities

    beginning of year $13,701,121 · end of year $14,720,428

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $2,133 · end of year $0

  • 15 · Other assets

    beginning of year $129,353 · end of year $523,530

  • 17 · Accounts payable and accrued expenses

    beginning of year $155,028 · end of year $183,412

  • 18 · Grants payable

    beginning of year $228,925 · end of year $225,175

  • 19 · Deferred revenue

    beginning of year $52,425 · end of year $83,846

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $113,622 · end of year $507,265

  • 27 · Net assets without donor restrictions

    beginning of year $13,890,709 · end of year $14,851,281

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

To be a valuable resource for the community. We enhance the academic skills of those who learn differently and those who seek to accelerate current performance through providing one-to-one, individualized instruction. We increase student, teacher, and parent access to multi-sensory teaching methods by offering research-based teacher training to professionals off-site and online. We also engage in grant making activities.

Activities or mission (Part I)

To be a valuable educational resource for the community by providing remedial education to those who learn differently, providing tutoring services to enhance current performance, providing teacher training in the community and beyond and engaging in grant making activities.

  • Educational and general program development and operating costs for the Foundation's Commonwealth Learning Center for remedial reading and mathematics programs for students who learn differently and students who seek to accelerate current performance through one-to-one individualized instruction and teacher training in the community and virtually throughout the United States. During this fiscal year we performed the following services: 6,258 teaching hours, 4 diagnostic evaluations and consultations, approximately 385 teachers trained locally and regionally, 50 training days and 546 teacher observations.

    Expenses $1,366,607

  • Grants made to individuals at an educational institution, grants made to nine organizations for educational programs and projects and a scholarship for Orton-Gillingham training. Details on supporting schedules. See Schedule I, Part IV, Statement 1 and Statement 2.

    Expenses $435,335 · Grants $435,335

As filed on the 2024 return.

Listed in Part VII

  • Anne Jack

    President and CEO

    Total calculated
    $219,873
    From this org
    $209,477
    From related orgs
    $0
    Other
    $10,396
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $209,477
    Bonus
    $0
    Other
    $0
    Deferred
    $10,396
    Nontaxable benefits
    $0
    Filer's total
    $219,873

  • Lisa Brooks

    Principal Director-Local Training

    Total calculated
    $172,642
    From this org
    $151,133
    From related orgs
    $0
    Other
    $21,509
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,133
    Bonus
    $0
    Other
    $0
    Deferred
    $7,515
    Nontaxable benefits
    $13,994
    Filer's total
    $172,642

  • Deborah Buiser

    Treasurer and CFO

    Total calculated
    $159,941
    From this org
    $127,171
    From related orgs
    $0
    Other
    $32,770
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $127,171
    Bonus
    $0
    Other
    $0
    Deferred
    $6,311
    Nontaxable benefits
    $26,458
    Filer's total
    $159,940

  • Elizabeth Dinelli

    Director-Commonwealth Learning Center

    Total calculated
    $131,272
    From this org
    $111,805
    From related orgs
    $0
    Other
    $19,467
    Hours/week
    40

  • Mary Fisher

    Trustee

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Julian Hargraves

    Trustee

    Total calculated
    $1,350
    From this org
    $1,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Paul D O'Reilly

    Trustee

    Total calculated
    $1,350
    From this org
    $1,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • John Malloy

    Director

    Total calculated
    $1,300
    From this org
    $1,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Shari Engelbourg

    Trustee

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
25 February 2026
IRS schema version
2024v5.0
Source object
202610579349300006

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