First R Foundation Inc
- Assets
- $45.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gloucester, MA
- Founding
- 03/2009
- Data as of
- 06/2024
- EIN
- 26-3951059
Organization Overview
First R Foundation Inc is located in Gloucester, MA. The organization was established in 2009. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, 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. First R 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 06/2024, First R Foundation Inc generated $12.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $16.1k during the year ending 06/2024. 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
2024
Describe the Organization's Program Activity:
Part 3
TO FOSTER LITERACY IN KINDERGARTEN AND FIRST GRADE STUDENTS BY HAVING ADULTS READ ALOUD NEW CHILDRENS ILLUSTRATEDFICTION TO THEM IN A CLASSROOM SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia N Earle President | 1 | $0 | |
Howard Frisch Treasurer | 0.25 | $0 | |
Lisa Leahy Clerk | 0.25 | $0 | |
Patrick Thorpe Director | 0.25 | $0 | |
Debra Nelson Director | 0.25 | $0 | |
Melissa Lynch Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,523 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $275 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $12,798 |
| 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 | $1,015 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,124 |
| Total expenses | $16,139 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $44,987 |
| Other assets | $0 |
| Total assets | $44,987 |
| Total liabilities | $0 |
| Net assets or fund balances | $44,987 |