Form 990 for tax year 2022

Filed by GLOUCESTER EDUCATION FOUNDATION INC.

What the amendment changed

Compared with the return it replaced , filed 31 October 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $628,647 changed to $44,930
Total expenses: $569,333 changed to $73,103
Contributions and grants received: $584,171 changed to $34,876
Grants paid: $356,744 changed to $21,170
Investment income: $44,476 changed to $10,054
Total assets, end of year: $2,598,597 changed to $2,595,523
Total liabilities, end of year: $6,837 changed to $362
Net assets or fund balances, end of year: $2,591,760 changed to $2,595,161
Program services expenses: $426,615 changed to $49,004
Management and general expenses: $88,165 changed to $16,167
Fundraising expenses: $54,553 changed to $7,932
Program service expenses (Part III): $426,615 changed to $49,004

Listed only on the earlier return

Howard Costa
Sarah Grow
Serena Low

Listed only on the later return

Brian Weed
Maiuza Alves
Matt Beach
Ted Costa

Totals

Total revenue: $44,930
Total expenses: $73,103
Contributions and grants received: $34,876
Grants paid: $21,170
Program service revenue: $0
Investment income: $10,054
Other revenue: $0
Total assets, end of year: $2,595,523
Total liabilities, end of year: $362
Net assets or fund balances, end of year: $2,595,161
Program services expenses (Part IX): $49,004
Management and general expenses: $16,167
Fundraising expenses: $7,932
Program service expenses (Part III): $49,004

Program services were 67.0% 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

$34,876
3 · Investment income

total $10,054 · excluded $10,054

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $21,170 · program services $21,170
5 · Compensation of officers, directors and key employees

total $18,969 · program services $9,485 · management and general $4,742 · fundraising $4,742
10 · Payroll taxes

total $1,430 · program services $715 · management and general $358 · fundraising $357
11c · Fees: accounting

total $390 · management and general $390
11f · Fees: investment management

total $2,308 · management and general $2,308
12 · Advertising and promotion

total $359 · management and general $359
16 · Occupancy

total $2,855 · program services $1,428 · management and general $714 · fundraising $713
19 · Conferences, conventions and meetings

total $224 · management and general $224
24a · Other expenses: Special Events

total $16,206 · program services $16,206
24b · Other expenses: Telephone

total $660 · management and general $330 · fundraising $330
24c · Other expenses: Printing Postage

total $959 · fundraising $959
24d · Other expenses: Outside services

total $2,333 · management and general $1,983 · fundraising $350
24e · All other expenses

total $5,240 · management and general $4,759 · fundraising $481

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $601,628 · end of year $562,232
3 · Pledges and grants receivable

beginning of year $150,545 · end of year $150,545
9 · Prepaid expenses and deferred charges

beginning of year $4,100 · end of year $1,100
11 · Investments: publicly traded securities

beginning of year $1,842,324 · end of year $1,881,646
17 · Accounts payable and accrued expenses

beginning of year $6,837 · end of year $362
27 · Net assets without donor restrictions

beginning of year $2,229,353 · end of year $2,238,554
28 · Net assets with donor restrictions

beginning of year $362,407 · end of year $356,607

Mission and programs · 2022

Mission

Provide support to Gloucester public schools

Direct program support to Gloucester, Massachusetts public schools

Expenses $49,004 · Revenue $34,876

As filed on the 2022 return.

Listed in Part VII

Emily Siegel

Executive Director

Total calculated

$92,549

From this org

$92,549

From related orgs

$0

Other

$0

Hours/week

40
Maiuza Alves

Director

Total calculated

$0

Hours/week

1
Karen Kenny

Director

Total calculated

$0

Hours/week

1
Marianne Smith

Director

Total calculated

$0

Hours/week

1
Leslie Friday

Director

Total calculated

$0

Hours/week

1
Matt Beach

Director

Total calculated

$0

Hours/week

1
Joseph Rosa

Director

Total calculated

$0

Hours/week

1
Margaret Maggie Rosa

Director

Total calculated

$0

Hours/week

1.5
Kathleen Clancy

Director

Total calculated

$0

Hours/week

1.25
Brian Weed

Director

Total calculated

$0

Hours/week

1
June Landergren Steel

Director

Total calculated

$0

Hours/week

1
Justine Laurie

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
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

$21,170

Financial Support

Provenance

Return type: form_990
Tax year: 2022
Filed: 29 January 2024
IRS schema version: 2022v5.0
Source object: 202440299349301639

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.