Newburyport Education Foundation
- Assets
- $2.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Newburyport, MA
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 04-3583906
Organization Overview
Newburyport Education Foundation is located in Newburyport, MA. The organization was established in 2002. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Newburyport Education Foundation 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 12/2021, Newburyport Education Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $235.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Newburyport Education Foundation has awarded 20 individual grants totaling $1,652,448. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, WE CONTINUED OUR STEM INITIATIVE BY SUPPORTING ADDITIONAL EQUIPMENT AND SUPPLIES AT THE BRESHANAN, NOCK AND MOLIN SCHOOLS. THE STEM INITIATIVE ALSO WAS IMPLEMENTED IN THE HIGH SCHOOL VIA GRANTS FOR EQUIPMENT INCLUDING 3D PRINTERS, ROBOTS AND INDUSTRIAL SEWING EQUIPMENT. THIS PROGRAM ALLOWS OUR STUDENTS TO ENHANCE THEIR EDUCATION IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATH.
DURING 2021, WE SUPPORTED IMPROVEMENTS IN TECHNOLOGY IN SEVERAL DISCIPLINES WITHIN THE DISTRICT. SOME HIGHLIGHTS INCLUDE CHROMEBOOKS AND CHROMEBOOK CARTS FOR THE BRESHAHAN SCHOOL AND AN AUDITORIUM PROJECTOR AT THE NOCK AND MOLIN SCHOOLS. THROUGH THESE GRANTS, WE STRIVE TO PROVIDE THE TECHNOLOGY NECESSARY FOR LEARNING.
IN 2021, BUSINESS LEADERS AND TEACHERS CAME TOGETHER TO CREATE SOME AMAZING LEARNING EXPERIENCES FOR OUR STUDENTS FUNDED BY PARTNERSHIP GRANTS, THE TECHNOLOGY CLUB AT THE HIGH SCHOOL AND THE GULF OF MAINE INSTITUTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie O'donnell Executive Director | Officer | 2 | $53,286 |
David Marroncelli Treasurer | OfficerTrustee | 2 | $0 |
Andrea Weetman President | OfficerTrustee | 2 | $0 |
Cindy Johnson Clerk | OfficerTrustee | 2 | $0 |
Barb Bailey Secretary | OfficerTrustee | 2 | $0 |
Angela Bik Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $92,941 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $826,659 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $919,600 |
| Total Program Service Revenue | $0 |
| Investment income | $16,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,542 |
| Net Income from Fundraising Events | $105,080 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,097,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $156,150 |
| 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. | $53,286 |
| Compensation of current officers, directors, key employees. | $53,286 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,077 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,019 |
| Fees for services: Other | $2,141 |
| Advertising and promotion | $518 |
| 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 | $255 |
| All other expenses | $308 |
| Total functional expenses | $235,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,679 |
| Savings and temporary cash investments | $996,455 |
| Pledges and grants receivable | $24,750 |
| 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 | $7,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $997,244 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,058,128 |
| Accounts payable and accrued expenses | $78,519 |
| Grants payable | $0 |
| 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 | $78,519 |
| Net assets without donor restrictions | $1,960,845 |
| Net assets with donor restrictions | $18,764 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,058,128 |
Grants Awarded
Over the last fiscal year, Newburyport Education Foundation has awarded $279,988 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NEWBURYPORT PUBLIC SCHOOL PURPOSE: See below | $243,206 |
NEWBURYPORT PUBLIC SCHOOL PURPOSE: See below | $26,032 |
NEWBURYPORT PUBLIC SCHOOL PURPOSE: See below | $10,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newburyport Education Foundation has recieved totaling $24,004.
| Awarding Organization | Amount |
|---|---|
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $24,004 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uncommon Schools Inc New York, NY | $293,550,038 | $84,601,875 |
Amsterdam House Continuing Care Retirement Community Inc Port Washington, NY | $223,728,704 | $36,044,280 |
Sponsors For Educational Opportunity Inc New York, NY | $71,324,699 | $43,724,114 |
The Achievement Network Ltd Boston, MA | $23,559,572 | $30,118,976 |
Leadership For Educational Equity New York, NY | $8,736,194 | $32,582,451 |
Foundation For City College New York, NY | $332,549,861 | $102,453,904 |
Saga Innovations Framingham, MA | $30,229,601 | $39,236,690 |
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |