2024-09-13T05:49:08-07:00 2024-04-30 043447507 FRITZ DEGUGLIELMO LLC 8 ESSEX STREET NEWBURYPORT MA 01950 990 2023-05-01 046044618 The Swasey Fund for Relief of Public School Teachers of Newburyport Inc SWAS 9784628389 c/o M Littlefield 3 Virginia Lane Newburyport MA 01950 Mark Littlefield Director 9784628389 2024-08-21 true true Daniel E Schaffner CPA P00796903 9784622161 2024-09-13 2023 2024-08-08 14:25:15Z Mark Littlefield 3 Virginia Lane Newburyport MA 01950 1074666 false X N/A X 1979 MA Provide financial assistance to teachers in the Newburyport, MA public school system. 6 6 0 0 0 0 0 0 292879 355630 0 292879 355630 354533 330060 0 21000 24000 0 0 47740 50778 423273 404838 -130394 -49208 9600195 10246340 0 0 9600195 10246340 Provide financial assistance to teachers in the Newburyport, MA public school system. false false 220000 0 0 To fund workshops for teachers currently working in the Newburyport, MA public school system. 110060 0 0 To provide financial assistance to retired teachers. 330060 true false false false false false false false false true false false false false false true true false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false true 6 0 true 0 false false false false false false false false false false false false X 6 6 false false false false false false false true true false false true true true true true true false false false MA X Mark Littlefield 9784628389 3 Virgina Lane Newburyport MA 01950 James Marshall Director 2.00 X 4000 0 0 Thomas Bean Director 2.00 X 4000 0 0 Joan Sheehan Director 2.00 X 2000 0 0 Nonie Olson President 4.00 X 4000 0 0 Renee Ames Clerk 4.00 X 4000 0 0 Mark Littlefield Treasurer 4.00 X 6000 0 0 24000 0 0 false false false 253610 0 253610 821056 719036 102020 102020 0 0 102020 355630 0 0 355630 220000 220000 110060 110060 24000 0 24000 0 7389 0 7389 0 42383 0 42383 0 121 0 121 0 813 0 813 0 Filing fees 72 0 72 0 404838 330060 74778 0 1325995 588491 8252491 9631573 21709 26276 9600195 10246340 0 0 0 0 X 4547320 5269915 5052875 4976425 9600195 10246340 9600195 10246340 -49208 695353 X true X false true false X X X 1 Newburyport Public Schools 046001403 6 false 220000 0 1 220000 0 0 0 0 0 false false false false false false false false false false false false false false false false false false 0 0 0 0 215624 253610 215624 253610 0 0 0 0 61713 67268 153911 186342 7848675 8969285 1604381 929533 0 9453056 9898818 0 0 9453056 9898818 141796 148482 9311260 9750336 325894 341262 0 0 325894 341262 153911 130824 325894 325894 0 325894 220000 110060 0 0 0 0 330060 220000 325894 0.675000000000 325894 0 0 0 0 0 11839 11839 0 11839 0 0 330060 0 314055 16005 0 0 16005 0 0 0 0 16005 Pt IV Sec A Ln 1 The supported organization (Newburyport Public Schools) is designated by purpose. The organizations purpose is to provide relief and support to the teachers of the Newburyport, MA Public Schools. This purpose is accomplished in part by providing grants directly to the Newburyport Public Schools for the professional development of teachers. This is a historic and continuing relationship based on the nature of the affiliation between Newburyport public school teachers and the Newburyport Public Schools Pt IV Sec D Ln 2 The organization has an adequate relationship with the supported organization (Newburyport Public Schools) because the officers and directors of the organization maintain a historically close and continuous working relationship with the supported organization As a result of this relationship, the supported organization has a significant voice in the organizations timing of grants, manner of making grants and selection of grant recipients. Pt V Sec D Ln 8 During the year, the organization provided various grants to the Newburyport Public Schools for teacher based continuing education totaling $220,000. 9600195 1050983 330060 74778 10246340 9601857 421611 354533 68740 9600195 9638547 326753 291500 71943 9601857 7806869 2168630 270000 66952 9638547 8075001 79515 275300 72347 7806869 false false 0 0 X 1008600 695353 695353 313247 42383 42383 355630 362455 362455 42383 42383 404838 Pt V, Line 4 The intended use of the organizations endowment funds are to provide income to sustain the organizations mission. Pt X, Line 2 The Fund is organized and operated exclusively for charitable purposes. Income related to its charitable purpose is exempt from federal and state income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code. The Fund has adopted the application of the provisions of FASB ASC 740-10 (formerly FASB Interpretation No. 48, Accounting For Uncertainty in Income Taxes). The primary tax positions made by the Fund are the existence of Unrelated Business Income Tax and the Organizations status as an exempt organization under Section 501(c)(3) of the Internal Revenue Code. The Fund currently evaluates all tax positions, and makes determinations regarding the likelihood of those positions being upheld under review. For the years presented, and as a result of adoption, the Fund has not recognized any tax benefits or loss contingencies for uncertain tax positions based on its evaluations. The Funds Forms 990, Return of Organization Exempt from Income Tax, for the years ending April 30, 2024, 2023, 2022 and 2021 are subject to examination by the IRS, generally for 3 years after they were filed. true Newburyport Public Schools 70 Low Street Newburyport MA 01950 046001403 220000 To provide conference and workshop scholarships Financial assistance to retired school teachers 8 110060 Pt I Line 2 The assistant superintendent for the Newburyport Public Schools monitors the use of the grants and reports to the board for approval. Pt VI, Line 11b Board receives completed Form 990 and reviews the return before it is signed and filed. Pt VI, Line 12c Conflict of interest policies are completed on an annual basis and reviewed for possible conflicts by the board. Pt VI, Line 19 All additional information is made available upon request.