2024-11-02T12:34:51-07:00 2023-12-31 990 2023-01-01 412240509 CHELSEA EDUCATION FOUNDATION INC CHEL 6174664477 500 Broadway Room216 Chelsea MA 02150 Almi Abeyta President 6174664477 2024-11-02 1 2023 2024-10-15 13:58:12Z Almi Abeyta 500 Broadway Room 216 Chelsea MA 02150 37721 0 X X 2007 MA The general purpose of the Chelsea Education Foundation is to support Chelsea Public Schools. Activities include afterschool and enrichment programs, adult literacy programs, college readiness and savings programs and teacher recognition. 5 3 0 3 0 0 84752 35007 0 0 788 2714 0 0 85540 37721 115180 41875 0 0 0 0 0 0 0 410 374 115590 42249 -30050 -4528 120686 115029 112266 107174 8420 7855 The general purpose of the Chelsea Education Foundation is to support Chelsea Public Schools. Activities include afterschool and enrichment programs, adult literacy programs, college readiness and savings programs and teacher recognition. 0 0 5000 5000 5000 Chelsea Reach Program - This is an afterschool and summer program serving high school and middle school students attending Chelsea Public Schools (CPS). The overall aim of the Reach Program is to improve academic success and to support college and career readiness. CPS serves as the lead agency for the program and Chelsea Education Foundation serves as the fiscal agent. In 2023, the Reach Program served approximately 45 during the school year and in the summer. This program received one donation of $5,000 in 2023. This program also benefits from direct support from CPS as well as state and federal grants awarded directly to CPS for Reach. 6375 0 0 Chelsea Inversant College Savings Program - Chelsea Education Foundation serves as the fiscal agent for Chelsea Inversant, a savings program that, in partnership with the nonprofit Inversant, Inc., challenges families of Chelsea Public Schools' students to save up to $1500 for college expenses that are matched, dollar for dollar, from donations made to Chelsea Education Foundation for Chelsea Inversant. 16 families were enrolled in Chelsea Inversant as of December 2023. Chelsea Inversant promotes college readiness and family engagement by encouraging savings and engaging parents through financial aid workshops, outreach, and other activities. Chelsea Education Foundation provided 16 scholarships totaling $6,374.63 in 2023. In the summer of 2022, Inversant announced that it would no longer be offering its scholarship program and was merged into its sister organization, La Vida Scholars. Students at the high school will now be directed to apply to the La Vida Scholars Program. The 16 families that remain in the Inversant program will continue with CEF involvement and be supported under the terms and conditions of the Inversant program. Students enrolled in the Inversant program, but who have not yet graduated will be provided support from La Vida and Chelsea Public Schools. 30000 30000 30000 Intergenerational Literacy Program (ILP) - Chelsea Education Foundation serves as the fiscal agent for the ILP, a Chelsea Public Schools instructional program that serves adult learners of primarily immigrant families seeking English acquisition skills and a high school credential. ILP provides literacy instruction with the goals of strengthening English language and literacy skills, encouraging home literacy, and promoting the literacy and academic success of the children of adult learners. The ILP runs day and evening instructional sessions throughout the year. In 2023, the ILP served 449 adults and 53 children. Its major funders were the Anna B. Stearns Foundation ($15,000) and the A.C. Ratshesky Foundation ($15.000). The program also receives direct support from Chelsea Public Schools as well as an Adult Basic Education grant from the Commonwealth of Massachusetts awarded to Chelsea Public Schools. 500 500 0 In 2022, the CEF Board of Directors repurposed a fund for professional development to a fund in support of the performing and visual arts. In 2023, two $250 grants were awarded to Chelsea Public School teachers to fund a musical performance at an elementary school and to purchase musical equipment for the high school. 500 500 0 41875 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 1 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 1 0 0 0 MA X X Gerald McCue 6174664477 c/o Chelsea Public Schools 500 Broadway Chelsea MA 02144 Almi G Abeyta President and Director 0.75 60 X X 0 222280 0 Daniel Mojica Director 0.1 40 X 0 101529 0 Gerald McCue Assistant Treasurer 1.5 2 X 0 1940 0 Patrick Monkiewicz Treasurer and Director 0.4 0 X X 0 0 0 Roseann Bongiovani Secretary and Director 0.2 0 X X 0 0 0 Patricia Simboli Director 0.1 0 X 0 0 0 0 325749 0 2 0 1 0 0 0 0 0 0 0 35007 0 35007 0 2714 2714 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 37721 2714 0 0 35500 35500 6375 6375 40 40 280 280 Commonwealth of MA filing fees 54 0 54 0 42249 41875 374 0 101 3 120585 115026 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 120686 115029 0 0 111137 106622 0 0 0 0 1129 552 0 0 0 0 0 0 0 0 112266 107174 X 8420 7855 0 0 8420 7855 120686 115029 X -4528 0 0 0 0 3963 X 0 0 0 X X 1 Chelsea Public Schools 046001384 6 1 35000 0 1 35000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X Schedule D, Part IV, Line 2b Families participating in the Chelsea Inversant Program save up to $1,500 in accounts held in escrow by Chelsea Education Foundation to be matched by Chelsea Education Foundation to provide a scholarship of up to $3,000 for eligible college expenses. In 2014, the savings model was changed to allow participating families to save money in their own accounts and the escrow savings model is being phased out as students using this model are graduating. $551.53 associated with two family accounts remained in escrow as of December 31, 2023. 1 Chelsea Public Schools 500 Broadway Chelsea MA 02150 046001384 170(b)(1)(A)(V) 35000 0 Grants over $5000 awarded to Chelsea Public Schools included $5000 for the Chelsea Reach program and $30000 for the Intergenerational Literacy program. 1 0 Chelsea Education Foundation provides scholarships to Chelsea High School students participating in the Chelsea Inversant Scholarship program. Students save for college expenses and can receive a dollar-for-dollar match of their savings, up to $1,500 for documented college expenses. No indvidual receives more the $5,000. 8 4808 0 Schedule I, Part I, Line 2 Detailed ledgers are maintained to document revenues and expenses received and grants, scholarships awarded, and other expenses incurred over the course of the year. Revenue and expense reports are prepared by the Assistant Treasurer and issued to the CEF President and Treasurer for review on a quarterly basis. The Treasurer receives his own copy of the monthly bank statement directly from the bank to ensure consistency with the quarterly reports. Programmatic and financial reports are annually presented to the CEF Board of Directors at their annual meeting. Forms and invoices with supporting documentation are used to pay awards and expenses upon review and approval of the Assistant Treasurer. Any disbursements over $500 are counter-signed by the President or Treasurer. 0 0 0 0 0 0 0 0 0 Almi G Abeyta President and Director 0 221480 0 800 0 0 0 0 0 0 0 222280 0 0 Daniel Mojica Director 0 100729 0 800 0 0 0 0 0 0 0 101529 0 0 Gerald McCue Assistant Treasurer 0 1940 0 0 0 0 0 0 0 0 0 1940 0 0 Patrick Monkiewicz Treasurer and Director 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Roseann Bongiovani Secretary and Director 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Patricia Simboli Director 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Form 990, Part VI, Section A, Line 2 The by-laws of the Chelsea Education Foundation stipulate the Chelsea Public Schools' Superintendent of Schools is also the President of Chelsea Education Foundation. The Director of the Parent Information Center and the Assistant to the Superintendent work for Chelsea Public Schools and are supervised by the Superintendent of Chelsea Public Schools. These two individuals also hold unpaid positions at Chelsea Education Foundation, one as Director and one as Assistant Treasurer, respectively. Form 990, Part VI, Section A, Line 7a In accordance with the Chelsea Education Foundation's Articles of Organization, the CEF President is authorized to appoint members to the Board of Directors. Form 990, Part VI, Section A, Line 8b The Board does not use subcommittees. Form 990, Part VI, Section B, Line 11b Prior to filing, all members of the Chelsea Education Foundation's Board of Directors are afforded the opportunity to review and comment on the annual Form 990. Form 990, Part VI, Section B, Line 12c The President and the Assistant Treasurer are tasked with reviewing actual and proposed transactions to ensure compliance with Chelsea Education Foundation's Conflict-of-Interest policy. Disclosed conflicts are reviewed by the CEF Board of Directors in accordance with the CEF by-laws. Form 990, Part VI, Section C, Line 18 CEF publicly advertises the ability to view Form 990 once it has been filed, at two locations: the Superintendent's Office at Chelsea Public Schools and the Chelsea Public Library. Copies of Form 990 are provided to the public upon request. Form 990, Part VI, Section C, Line 19 CEF publicly advertises the ability to view Form 990 once it has been filed, at two locations: the Superintendent's Office at Chelsea Public Schools and the Chelsea Public Library. Copies of Form 990 are provided to the public upon request. Form 990, Part XI, Line 9 This amount represents the difference between our grants payable in 2022 and grants payable in 2023. Chelsea Public Schools 500 Broadway Chelsea MA 02150 046001384 PK-12 Public School MA 501(c)(3) 11A Type 1 Chelsea Public Schools 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 Chelsea Public Schools b 35000 Cash grants issued to Chelsea Public Schools are for specific eligible programs. Grants issued were for the Intergenerational Literacy Program ($30,000) and the Chelsea Reach Program ($5,000)