Westborough Education Foundation Inc
- Assets
- $397.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westborough, MA
- Founding
- 03/1997
- Data as of
- 08/2023
- EIN
- 04-3329054
Organization Overview
Westborough Education Foundation Inc is located in Westborough, MA. The organization was established in 1997. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Westborough Education Foundation 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 08/2023, Westborough Education Foundation Inc generated $54.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $45.3k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
AWARD GRANTS TO APPLICANTS, FOLLOWING EVALUATION PROCESS, TO FUND INNOVATIVE EDUCATIONAL PROGRAMS, IN ACCORDANCE WITH ARTICLES OF ORGANIZATION AND OUR EXEMPT PURPOSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Bacon Director | 1 | $0 | |
Jane O'neil Director | 1 | $0 | |
Ann Bartee Director | 1 | $0 | |
Michelle French Director | 1 | $0 | |
Audrey Kavanagh Director | 1 | $0 | |
Lisa Scott Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,288 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $9,710 |
| Gain or Loss | $3,652 |
| Net Income from Gaming & Fundraising | $10,872 |
| Other Revenue | $0 |
| Total Revenue | $54,522 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,823 |
| Total expenses | $45,304 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $397,764 |
| Other assets | $0 |
| Total assets | $397,764 |
| Total liabilities | $0 |
| Net assets or fund balances | $397,764 |