Hamilton-Wenham Regional School District Education Fund Inc
- Assets
- $3.8m
- Revenue
- $298.2k
- Investments
- $0.0
- Employees
- 0
- Location
- So Hamilton, MA
- Founding
- 05/1991
- Data as of
- 06/2021
- EIN
- 04-3070530
Organization Overview
Hamilton-Wenham Regional School District Education Fund Inc is located in So Hamilton, MA. The organization was established in 1991. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hamilton-Wenham Regional School District Education Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Hamilton-Wenham Regional School District Education Fund Inc generated $298.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $67.6k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hamilton-Wenham Regional School District Education Fund Inc has awarded 15 individual grants totaling $349,811. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS AND PROVIDE FINANCIAL SUPPORT TO THE HAMILTON-WENHAM REGIONAL SCHOOL DISTRICT
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAMILTON-WENHAM REGIONAL SCHOOL DISTRICT GRANTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Cusolito Co-President | OfficerTrustee | 2 | $0 |
Brent Leland Vice President | OfficerTrustee | 2 | $0 |
Kevin Dyer Treasurer | OfficerTrustee | 1 | $0 |
Lia Wainwright Secretary | OfficerTrustee | 1 | $0 |
Ed Schatz Co-President | OfficerTrustee | 2 | $0 |
David Debiase Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,696 |
| Investment income | $72,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,425 |
| Net Income from Fundraising Events | $58,331 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $298,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,865 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,931 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $400 |
| All other expenses | $0 |
| Total functional expenses | $67,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,597 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $3,637,458 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,826,055 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $60,427 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $60,427 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,765,628 |
Grants Awarded
Over the last fiscal year, Hamilton-Wenham Regional School District Education Fund Inc has awarded $51,932 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HAMILTON-WENHAM REGIONAL PURPOSE: KINDERGARTEN LEARNERS | $23,699 |
HAMILTON-WENHAM REGIONAL PURPOSE: SPIN BIKES | $17,233 |
HAMILTON-WENHAM REGIONAL PURPOSE: ROBOTICS | $11,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hamilton-Wenham Regional School District Education Fund Inc has recieved totaling $14,900.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $14,900 |
Endowment Analysis
| Beg. Balance | $2,664,781 |
| Earnings | $143,301 |
| Admin Expense | $13,276 |
| Ending Balance | $2,794,806 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |
Excellence Community Schools Inc Bronx, NY | $14,097,138 | $10,250,785 |
Futures In Education Brooklyn, NY | $11,663,497 | $8,970,011 |
National Center For Hebrew Language Charter School Excellence New York, NY | $4,301,333 | $7,260,290 |
Mccarton Foundation For Developmental Disabilities Inc Bronx, NY | $2,852,729 | $6,603,484 |
Prospect Schools Inc Brooklyn, NY | $3,261,917 | $6,213,918 |
Friends Of@brooklyn Laboratory Charter Schools Inc Brooklyn, NY | $20,397,240 | $6,569,238 |
Friends Of@prospect Schools Ny Inc Brooklyn, NY | $3,486,838 | $6,161,838 |