Ayer Shirley Education Foundation Inc
- Assets
- $494.3k
- Revenue
- $482.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Ayer, MA
- Founding
- 12/2004
- Data as of
- 06/2024
- EIN
- 20-1862968
Organization Overview
Ayer Shirley Education Foundation Inc is located in Ayer, MA. The organization was established in 2004. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Ayer Shirley 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUND FOR THE AYER SHIRLEY REGIONAL SCHOOL DISTRICT AND AREA PRE-SCHOOLS. TWO MAJOR FUNDRAISERS ARE A ROAD RACE IN AYER MA. AND A TRAIL RUN IN SHIRLEY MA. FUNDS ARE DISTRIBUTED THROUGH A FALL GRANT CYCLE. THERE IS AN IMPACT GRANT AWARDED BASED ON SUBMISSIONS FROM THE SCHOOL SUPERINTENDENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS REPRESENTS OUR MAJOR PROGRAM ACCOMPLISHMENT. ASEF RUNS A FALL GRANT CYCLE THAT ACCEPTS GRANT REQUESTS FROM TEACHERS AND WELL AS PARENTS. DURING THE FALL GRANT CYCLE UP TO 50 GRANT COULD SUBMITTED. AN AVERAGE WOULD AROUND 30 EACH YEAR. REQUESTS HAVE RUN AS HIGH AS $50,000. OUR BUDGET HAS BEEN BETWEEN $25,000 TO $30,000. THIS IS TRENDING HIGHER. THESE GRANTS FUND FIELD TRIPS, PERFORMANCES, SCHOLARSHIPS FOR THE FIELD TRIPS, SPEAKER, PLAYS, TECHNOLOGIES, BOOKS, STARTUP / SEED MONEY FOR INNOVATIVE PROGRAMS, INCLUSION PROGRAMS, MENTORING PROGRAMS, ETC.
THE IMPACT GRANT IS TO ALLOW SCHOOL ADMINISTRATION TO PRESENT A NUMBER OF LARGER GRANT REQUESTS TO OUR BOARD THAT WOULD IMPACT THE SCHOOL SYSTEM THE GREATEST. OUT OF THAT PRESENTATION THE BOARD CHOOSES ONE OR MORE OF THOSE REQUESTS. THE GRANT IS UP TO $10,000.00 WHICH IS NOT REFLECTED HERE. SEVERAL EXPENSES WERE PAID OVER THE SUMMER BEYOND THE 23/24 FISCAL YEAR.
THIS IS A SCHOLARSHIP THAT GOES TO ONE GRADUATING SENIOR. THIS PROGRAM IS BEING EXPANDED AND THE AWARD AMOUNTS ARE UNDER REVIEW. WITH THE INTENT TO INCREASE THEM TO $2,000. THE PROCESS REQUIRES THE STUDENT TO FILL OUT AN APPLICATION FOR THE SCHOLARSHIP THAT INCLUDES AN ESSAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Taveres Co-Chair | OfficerTrustee | 1 | $0 |
Clifford Bailey Treasurer | OfficerTrustee | 2 | $0 |
Randall E Clemence Co-Chair | OfficerTrustee | 1 | $0 |
Ellen Mccann Director/trustee | Trustee | 1 | $0 |
Sara Bullock Secretary/clerk | OfficerTrustee | 1 | $0 |
Emily Deblasio Director/trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,325 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $434,799 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $482,124 |
| Total Program Service Revenue | $0 |
| Investment income | $48 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $482,172 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,825 |
| Grants and other assistance to domestic individuals. | $1,899 |
| 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 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $80 |
| Office expenses | $671 |
| Information technology | $94 |
| 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 | $986 |
| All other expenses | $17,297 |
| Total functional expenses | $50,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,261 |
| Savings and temporary cash investments | $60,000 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $340,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $494,261 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $494,261 |
| 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 | $494,261 |