Form 990 for tax year 2023
Filed by GLOUCESTER EDUCATION FOUNDATION INC.
Totals
- Total revenue
- $661,472
- Total expenses
- $635,315
- Contributions and grants received
- $620,539
- Grants paid
- $378,590
- Program service revenue
- $0
- Investment income
- $40,933
- Other revenue
- $0
- Total assets, end of year
- $2,785,611
- Total liabilities, end of year
- $2,112
- Net assets or fund balances, end of year
- $2,783,499
- Program services expenses (Part IX)
- $488,373
- Management and general expenses
- $86,118
- Fundraising expenses
- $60,824
- Program service expenses (Part III)
- $488,373
Program services were 76.9% 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.
-
1f · All other contributions, gifts and grants
$620,539
-
3 · Investment income
total $49,927 · excluded $49,927
-
7a · Gross sales of assets other than inventory
securities $464,866
-
7b · Less cost or other basis and sales expenses
securities $473,860
-
7c · Gain or loss
securities -$8,994
-
7d · Net gain or loss
total -$8,994 · related or exempt -$8,994
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $378,590 · program services $378,590
-
5 · Compensation of officers, directors and key employees
total $105,911 · program services $52,955 · management and general $26,478 · fundraising $26,478
-
7 · Other salaries and wages
total $18,063 · program services $9,031 · management and general $4,516 · fundraising $4,516
-
10 · Payroll taxes
total $14,316 · program services $7,158 · management and general $3,579 · fundraising $3,579
-
11c · Fees: accounting
total $16,000 · management and general $16,000
-
11f · Fees: investment management
total $10,018 · management and general $10,018
-
11g · Fees: other
total $578 · management and general $578
-
12 · Advertising and promotion
total $1,826 · management and general $1,826
-
14 · Information technology
total $1,708 · management and general $854 · fundraising $854
-
16 · Occupancy
total $14,851 · program services $7,425 · management and general $3,713 · fundraising $3,713
-
19 · Conferences, conventions and meetings
total $1,111 · management and general $1,111
-
23 · Insurance
total $1,200 · management and general $1,200
-
24a · Other expenses: Special Events
total $48,927 · program services $33,214 · fundraising $15,713
-
24b · Other expenses: Telephone
total $2,678 · management and general $1,339 · fundraising $1,339
-
24c · Other expenses: Printing Postage
total $1,903 · management and general $796 · fundraising $1,107
-
24d · Other expenses: Outside services
total $9,600 · management and general $8,160 · fundraising $1,440
-
24e · All other expenses
total $8,035 · management and general $5,950 · fundraising $2,085
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $562,232 · end of year $508,017
-
3 · Pledges and grants receivable
beginning of year $150,545 · end of year $188,211
-
9 · Prepaid expenses and deferred charges
beginning of year $1,100 · end of year $1,260
-
11 · Investments: publicly traded securities
beginning of year $1,881,646 · end of year $2,088,123
-
17 · Accounts payable and accrued expenses
beginning of year $362 · end of year $2,112
-
27 · Net assets without donor restrictions
beginning of year $2,238,554 · end of year $2,291,068
-
28 · Net assets with donor restrictions
beginning of year $356,607 · end of year $492,431
Mission and programs · 2023
Mission
Provide financial support for new and innovative programs for the public schools of Gloucester, Massachusetts
-
Direct financial support of public school programs of Gloucester, Massachusetts
Expenses $488,373
As filed on the 2023 return.
Listed in Part VII
-
Emily Siegel
Executive Director
- Total calculated
- $98,539
- From this org
- $98,539
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Marianne Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
Leslie Friday
Director
- Total calculated
- $0
- Hours/week
- 1
-
Karen Kenny
Director
- Total calculated
- $0
- Hours/week
- 1
-
Maiuza Alves
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joseph Rosa
Director
- Total calculated
- $0
- Hours/week
- 1
-
Margaret Rosa
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Christopher Boucher
Director
- Total calculated
- $0
- Hours/week
- 1
-
Matt Beach
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brian Weed
Treasurer
- Total calculated
- $0
- Hours/week
- 1.25
-
Anna OConnor
Current President
- Total calculated
- $0
- Hours/week
- 2
-
Ted Costa
President Elect
- Total calculated
- $0
- Hours/week
- 1
-
Justine Laurie
Former Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
John Bjorlie
Clerk
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
-
Gloucester Public Schools
$378,590
Financial Support
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 October 2024
- IRS schema version
- 2023v6.0
- Source object
- 202540369349300519
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