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Nonprofiteer
← THE SOMERVILLE FOUNDATION INC

Form 990 for tax year 2022

Filed by THE SOMERVILLE FOUNDATION INC.

Totals

Total revenue
$275,682
Total expenses
$228,175
Contributions and grants received
$252,522
Grants paid
$12,066
Program service revenue
$21,160
Investment income
$0
Other revenue
$2,000
Total assets, end of year
$258,191
Total liabilities, end of year
$37,293
Net assets or fund balances, end of year
$220,898
Program services expenses (Part IX)
$220,876
Management and general expenses
$6,383
Fundraising expenses
$916
Program service expenses (Part III)
$220,876

Program services were 96.8% 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

    $252,522

  • 2a · Program service revenue: PROGRAM INCOME

    total $21,160 · related or exempt $21,160

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $2,000 · related or exempt $2,000

  • 11e · Other revenue, total

    $2,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,000 · program services $2,000

  • 2 · Grants to domestic individuals

    total $10,066 · program services $10,066

  • 11c · Fees: accounting

    total $4,256 · management and general $4,256

  • 13 · Office expenses

    total $3 · program services $3

  • 23 · Insurance

    total $2,073 · management and general $2,073

  • 24a · Other expenses: PROGRAM EXPENSES

    total $176,503 · program services $176,503

  • 24b · Other expenses: FEES

    total $31,240 · program services $31,186 · management and general $54

  • 24c · Other expenses: FUNDRAISING EXPENSES

    total $916 · fundraising $916

  • 24d · Other expenses: MISCELLANEOUS

    total $803 · program services $803

  • 24e · All other expenses

    total $315 · program services $315

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $186,077 · end of year $258,191

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,686 · end of year $37,293

  • 27 · Net assets without donor restrictions

    beginning of year $45,677 · end of year $46,585

  • 28 · Net assets with donor restrictions

    beginning of year $127,714 · end of year $174,313

Mission and programs · 2022

Mission

THE MISSION OF THE SOMERVILLE EDUCATION FOUNDATION (SEF) IS TO PROMOTE LEARNING OPPORTUNITIES FOR ALL SOMERVILLE RESIDENTS.

  • THE MISSION OF THE SOMERVILLE EDUCATION FOUNDATION (SEF) IS TO PROMOTE LEARNING OPPORTUNITIES FOR ALL SOMERVILLE RESIDENTS WITH THE FOLLOWING FOCUS AREAS:1) BASIC NEEDS - PRIORITIZE COMMUNITY RESOURCES TO FIRST ENSURE THAT ALL CHILDREN AND YOUNG PEOPLE ARE SECURE IN BASIC NEEDS FOR FOOD, SHELTER, CLOTHING, SUPPORT FOR RESIDENCE STATUS, HEALTH, MENTAL HEALTH, AND ARE READY TO LEARN.2) YEAR-ROUND LEARNING - PROVIDE FINANCIAL SUPPORT THAT WILL ENABLE ALL OF SOMERVILLE'S CHILDREN AND YOUNG PEOPLE TO BENEFIT FROM ENHANCED LEARNING EXPERIENCES THAT WILL ENABLE THEM TO REACH THEIR FULL POTENTIAL BY - ENCOURAGING THE DEVELOPMENT OF INNOVATIVE INSTRUCTIONAL METHODS, THE ACQUISITION AND USE OF ENRICHED TEACHING MATERIALS, AND THE PILOTING OF NEW TECHNOLOGY AND COMMUNITY PARTNERSHIPS IN THE CLASSROOM. - EXPANDING ACCESS TO HIGH QUALITY OUT-OF-SCHOOL TIME PROGRAMS FOR ALL OF SOMERVILLE'S CHILDREN AND YOUNG PEOPLE. 3) APPLIED LEARNING - ENSURE ALL HIGH SCHOOL STUDENTS HAVE THE OPPORTUNITY TO ACCESS INTERNSHIPS, SUMMER JOBS, COOPS, AND PROJECT BASED APPLIED LEARNING OPPORTUNITIES.

    Expenses $220,876 · Grants $12,066 · Revenue $23,160

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Greg Nadeau

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Wilbert Pineda

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Barry Rafkind

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Marian Berkowitz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Chiu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Saladin Islam

    BOARD MEMBER

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349302748

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