Form 990 for tax year 2022
Filed by GLOUCESTER EDUCATION FOUNDATION INC.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2022 , filed 29 January 2024. 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
- $628,647
- Total expenses
- $569,333
- Contributions and grants received
- $584,171
- Grants paid
- $356,744
- Program service revenue
- $0
- Investment income
- $44,476
- Other revenue
- $0
- Total assets, end of year
- $2,598,597
- Total liabilities, end of year
- $6,837
- Net assets or fund balances, end of year
- $2,591,760
- Program services expenses (Part IX)
- $426,615
- Management and general expenses
- $88,165
- Fundraising expenses
- $54,553
- Program service expenses (Part III)
- $426,615
Program services were 74.9% 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
$584,171
-
3 · Investment income
total $44,476 · excluded $44,476
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $356,744 · program services $356,744
-
5 · Compensation of officers, directors and key employees
total $92,200 · program services $46,100 · management and general $23,050 · fundraising $23,050
-
7 · Other salaries and wages
total $22,026 · program services $11,012 · management and general $5,507 · fundraising $5,507
-
10 · Payroll taxes
total $8,519 · program services $4,260 · management and general $2,130 · fundraising $2,129
-
11b · Fees: legal
total $250 · management and general $250
-
11c · Fees: accounting
total $3,010 · management and general $3,010
-
11f · Fees: investment management
total $9,149 · management and general $9,149
-
11g · Fees: other
total $16,024 · management and general $16,024
-
12 · Advertising and promotion
total $6,899 · management and general $6,899
-
14 · Information technology
total $1,767 · management and general $884 · fundraising $883
-
16 · Occupancy
total $12,021 · program services $6,011 · management and general $3,005 · fundraising $3,005
-
19 · Conferences, conventions and meetings
total $89 · management and general $89
-
23 · Insurance
total $950 · management and general $950
-
24a · Other expenses: Special Events
total $17,660 · program services $2,488 · fundraising $15,172
-
24b · Other expenses: Telephone
total $2,618 · management and general $1,309 · fundraising $1,309
-
24c · Other expenses: Printing Postage
total $7,356 · management and general $6,249 · fundraising $1,107
-
24d · Other expenses: Outside services
total $3,875 · management and general $3,294 · fundraising $581
-
24e · All other expenses
total $8,176 · management and general $6,366 · fundraising $1,810
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $722,831 · end of year $601,628
-
3 · Pledges and grants receivable
beginning of year $12,000 · end of year $150,545
-
9 · Prepaid expenses and deferred charges
beginning of year $2,600 · end of year $4,100
-
11 · Investments: publicly traded securities
beginning of year $1,945,044 · end of year $1,842,324
-
17 · Accounts payable and accrued expenses
beginning of year $4,249 · end of year $6,837
-
27 · Net assets without donor restrictions
beginning of year $2,435,648 · end of year $2,229,353
-
28 · Net assets with donor restrictions
beginning of year $242,578 · end of year $362,407
Mission and programs · 2022
Mission
Provide support to Gloucester public schools
-
Direct program support to Gloucester, Massachusetts public schools
Expenses $426,615 · Revenue $584,171
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
-
Marianne Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen Clancy
Director
- Total calculated
- $0
- Hours/week
- 1.25
-
Karen Kenny
Director
- Total calculated
- $0
- Hours/week
- 1
-
Leslie Friday
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Grow
Director
- Total calculated
- $0
- Hours/week
- 1
-
June Landergren Steel
Director
- Total calculated
- $0
- Hours/week
- 1
-
Margaret Maggie Rosa
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Howard Costa
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joseph Rosa
Director
- Total calculated
- $0
- Hours/week
- 1
-
Justine Laurie
Treasurer
- Total calculated
- $0
- Hours/week
- 1.25
-
John Bjorlie
Clerk
- Total calculated
- $0
- Hours/week
- 1
-
Anna OConnor
Current President
- Total calculated
- $0
- Hours/week
- 1
-
Serena Low
President
- Total calculated
- $0
- Hours/week
- 1.25
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
$353,569
Financial Support
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 31 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313049349301886
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