2024-05-09T14:47:47-05:00 2023-06-30 042442519 EDELSTEIN & COMPANY LLP 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990 2022-07-01 237065010 NEWTON SCHOOLS FOUNDATION INC NEWT 6175596120 PO BOX 590020 NEWTON MA 02459 MICHELLE WETLAUFER TREASURER 6175596120 2024-05-09 1 MICHELLE WETLAUFER 999009999 0 EUGENE BORGONZI P01269879 6172276161 2024-05-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHELLE WETLAUFER PO BOX 590020 NEWTON MA 02459 696161 0 X WWW.NEWTONSCHOOLSFOUNDATION.ORG X 1964 MA TO ADVANCE EXCELLENCE AND EQUITY IN THE NEWTON PUBLIC SCHOOLS BY FUNDING AND SUPPORTING PROMISING INITIATIVES, PROFESSIONAL DEVELOPMENT, AND PROGRAMS THAT CLOSE GAPS IN ACHIEVEMENT AND OPPORTUNITY. 15 15 2 21 0 0 352360 358279 0 0 180331 57689 0 -1787 532691 414181 176923 8500 0 0 30336 33059 0 1451 33333 335592 362913 542851 405923 -10160 8258 3048691 3208087 268772 293150 2779919 2914937 TO ADVANCE EXCELLENCE AND EQUITY IN THE NEWTON PUBLIC SCHOOLS BY FUNDING AND SUPPORTING PROMISING INITIATIVES, PROFESSIONAL DEVELOPMENT, AND PROGRAMS THAT CLOSE GAPS IN ACHIEVEMENT AND OPPORTUNITY. 0 0 314129 8500 0 NEWTON SCHOOLS FOUNDATION WORKS WITH THE PUBLIC SCHOOL SYSTEM OF NEWTON, MA TO PROVIDE FINANCIAL AND OTHER SUPPORT OF THREE GOALS: INCUBATION OF PROMISING AND EMERGING APPROACHES TO TEACHING AND LEARNING WITH VIBRANT AND DYNAMIC CURRICULUM, COLLABORATIVE TEACHERS WHO CAN EVOLVE THEIR PRACTICES, AND ACTIVELY ENGAGE STUDENTS; INVESTMENT IN OPPORTUNITIES TO EXTEND AND DEEPEN THE TEACHING PRACTICES OF EDUCATORS THROUGH PROFESSIONAL DEVELOPMENT THAT SUPPLEMENTS THE EXISTING OPPORTUNITIES IN THE SYSTEM; AND, SUPPORT OF PROGRAMS THAT REDUCE GAPS IN ACHIEVEMENT AND OPPORTUNITY AND PROMOTE EQUITY IN NEWTON'S DIVERSE STUDENT POPULATION. IN ALL CASES, NSF WORKS WITH SCHOOL SYSTEM ADMINISTRATORS TO UNDERSTAND THE RELEVANT NEEDS OR REQUESTS AND TO DECIDE THE ACTIVITIES TO BE SUPPORTED. 314129 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 2 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MA X MICHELLE WETLAUFER 6175596120 PO BOX 590020 NEWTON MA 02459 X LIZ HISER DIRECTOR 6.00 X 0 0 0 BRUCE MCVITTIE TREASURER/DIRECTOR (THRU JUNE 2023) 6.00 X X 0 0 0 FRIEDA DWECK CLERK/DIRECTOR 2.00 X X 0 0 0 RHANNA KIDWELL DIRECTOR 6.00 X 0 0 0 AMY WERNER PRESIDENT/DIRECTOR 6.00 X X 0 0 0 DIANA FISHER GOMBERG DIRECTOR 2.00 X 0 0 0 KAREN CARROL BENNETT DIRECTOR 2.00 X 0 0 0 DELIA CHEUNG HOM DIRECTOR 2.00 X 0 0 0 THERESA FITZPATRICK DIRECTOR 2.00 X 0 0 0 KAREN MANNING DIRECTOR 2.00 X 0 0 0 WILL ADAMS DIRECTOR 2.00 X 0 0 0 MAUREEN OATES DIRECTOR 2.00 X 0 0 0 KATIE SCOTT DIRECTOR 2.00 X 0 0 0 MICHELLE WETLAUFER DIRECTOR/TREASURER (AS OF JUNE 2023) 6.00 X X 0 0 0 KAREN HITE DIRECTOR (AS OF JULY 2022) 2.00 X 0 0 0 PATTY MCCABE DIRECTOR (AS OF JULY 2022) 2.00 X 0 0 0 0 0 0 0 0 0 0 0 31877 326402 358279 31708 31708 305304 279323 25981 25981 25981 870 31877 2657 -1787 -1787 414181 0 0 55902 8500 8500 29809 5961 11924 11924 205 41 82 82 3045 609 1218 1218 21680 21680 1451 1451 10635 10635 9159 9159 1689 1689 19759 7211 12548 6712 383 767 5562 1033 1033 1725 1725 SCHOOL PROJECTS 286690 286690 CREDIT CARD AND PAYPAL 2297 1721 28 548 MISCELLANEOUS 1045 854 191 RESOURCES & SUBSCRIPTIO 470 470 19 19 405923 314129 58461 33333 559259 598769 25238 26106 10000 926 57 1953268 2092155 510000 481000 3048691 3208087 1272 15650 17500 267500 260000 268772 293150 X 152191 116094 2627728 2798843 2779919 2914937 3048691 3208087 X 8258 155760 -29000 X X 1 X 0 1 0 X 341971 275276 298188 352360 358279 1626074 341971 275276 298188 352360 358279 1626074 50264 1575810 66646 31813 42124 20025 31708 192316 1818390 36665 0.86660 0.84790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1953629 201946 61057 2094518 2384790 -377961 53200 1953629 1888915 543994 48119 2384790 1850654 80699 42438 1888915 1717429 161936 28711 1850654 0.00000 0.71720 0.28280 0 0 0 ASSETS HELD UNDER SPLIT-INTEREST AGREEMENT 481000 481000 PAYABLES FOR SCHOOL BASED PROJECTS AND PROGRAMS 260000 260000 PART V, LINE 4: THE ENDOWMENT AS OF JUNE 30, 2023 CONSISTED OF THE FOLLOWING: AMOUNT SUBJECT TO ENDOWMENT SPENDING POLICY AND APPROPRIATION: $592,321 AMOUNTS RESTRICTED IN PERPETUITY: FREEPORT FUND-SUPPORT FOR PROGRAMS THAT ADDRESS ISSUES OF TEENAGERS, INCLUDING PREVENTATIVE PROGRAMS AND THOSE WITH SIGNIFICANT STUDENT LEADERSHIP AND PARTICIPATION. $80,000 GENERAL ENDOWMENT & TECHNOLOGY FUND - SUPPORT FOR THE ORGANIZATION AND TECHNOLOGY FOR THE NEWTON PUBLIC SCHOOL SYSTEM. $49,995 JANET M. GOLDRICK FUND FOR WOMEN IN LEADERSHIP - SUPPORT FOR PROGRAMS WHICH DEVELOP, ENCOURAGE, AND SUPPORT THE LEADERSHIP POTENTIAL OF WOMEN IN THE NEWTON PUBLIC SCHOOL SYSTEM. $75,880 RICHARD G. HAMERMESH NEWTON SCHOOLS FOUNDATION PERPETUITY FUND - SUPPORT FOR ADMINISTRATIVE AND OTHER EXPENSES OF THE ORGANIZATION. $329,757 THEODORE D. MANN EXCELLENCE IN EDUCATION FUND - SUPPORT FOR TECHNOLOGY IN NEWTON PUBLIC SCHOOL LIBRARIES AND STATE-OF-THE-ART EQUIPMENT FOR THE BENEFIT OF NEWTON'S PUBLIC SCHOOLS. $80,000 NEWTON-BEIJING JINGSHAN SCHOOL EXCHANGE PROGRAM ENDOWMENT - SUPPORT FOR EXPENSES OF THIS EXCHANGE PROGRAM. $63,330 NEWTON-BEIJING JINGSHAN SCHOOL EXCHANGE PROGRAM - JANE'S TRUST ENDOWMENT - INTENDED TO STIMULATE PARTICIPATION OF LOW INCOME AND MINORITY STUDENTS IN THE EXCHANGE PROGRAM. $50,000 NANCY BATY SCHAD FUND - SUPPORT FOR TEACHING OF SCIENCE AND MATHEMATICS IN NEWTON'S PUBLIC SCHOOLS. $473,480 ROBERT B. SWETT, JR. FUND - SUPPORT FOR STUDENT LEADERSHIP PROGRAMS OF NEWTON'S PUBLIC HIGH SCHOOLS AND AWARDS TO GRADUATING SENIORS. $163,990 JORDAN B. WEISS FUND - SUPPORT TO FOSTER AWARENESS ABOUT THE WARNING SIGNS OF DIABETES THROUGH SCHOOL NURSES AND TO PROVIDE COLLEGE AND CAMP SCHOLARSHIPS FOR NEWTON STUDENTS. $135,765 TOTAL ENDOWMENT $2,094,518 NEWTON INSPIRES 32747 31877 870 2288 369 32747 31877 870 2288 369 2657 -1787 1 SCHOLARSHIPS 8 8500 0 N/A N/A PART I, LINE 2: THE ORGANIZATION MONITORS THE SCHOLARSHIPS BY WRITING THE CHECK DIRECTLY TO THE COLLEGE/UNIVERSITY THE STUDENT IS ATTENDING AND INFORMS THE COLLEGE/UNIVERSITY ON HOW TO APPLY THE PAYMENT. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY THE INDEPENDENT ACCOUNTANTS BASED ON INFORMATION PROVIDED BY MANAGEMENT AND MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD. THE PRESIDENT AND TREASURER ARE FULLY INVOLVED IN PREPARATION OF THE FILING, AND AFTER REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY, THE DOCUMENT IS CIRCULATED TO THE FULL EXECUTIVE COMMITTEE OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED BY REQUIRING ALL BOARD MEMBERS TO DISCLOSE ANY CONFLICTS IN WRITING ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT -29,000. FORM 990 PART XII LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.