Nonprofit · EIN 04-3521016
GLOUCESTER FUND INC
Tax-exempt · GLOUCESTER, MA 01930
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $209,678 | $178,867 | $30,811 | $332,330 | $0 | $332,330 |
| December 31, 2023 | 990 | $188,469 | $164,230 | $24,239 | $326,518 | $25,000 | $301,518 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $208,840
- of which government grants
- $16,000
- Program service revenue
- $0
- Investment income
- $838
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $7,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,000
- Program services (functional)
- $172,448
- Management and general (functional)
- $6,031
- Fundraising (functional)
- $388
Balance sheet and other
- Total assets, start of year
- $326,518
- Total assets, end of year
- $332,330
- Total liabilities, end of year
- $0
- Net assets, end of year
- $332,330
- Gross receipts
- $209,678
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2000
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARRETT S PETT | PRESIDENT & DIRECTOR Trustee or director, Officer | 20 | $0 |
| BRENT A TARR | TREASURER & DIRECTOR Trustee or director, Officer | 5 | $0 |
| FRANCES MONDELLO | CLERK & DIRECTOR Trustee or director, Officer | 0 | $0 |
| EUGENE P MONDELLO JR | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARRETT S PETT | PRESIDENT & DIRECTOR Trustee or director, Officer | 20 | $0 |
| BRENT A TARR | TREASURER & DIRECTOR Trustee or director, Officer | 5 | $0 |
| FRANCES MONDELLO | CLERK & DIRECTOR Trustee or director, Officer | 0 | $0 |
| EUGENE P MONDELLO JR | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 44 12 MAIN STREET 1, GLOUCESTER, MA 01930-0000
- In care of
- % BARRETT S PETT
- Principal officer (990 for 2024)
- BARRETT S PETT, 44 1/2 MAIN STREET, GLOUCESTER, MA 01930
- Signed the 990
- BARRETT S PETT, PRESIDENT
- Phone
- (978) 281-2822
- Website
- WWW.THEGLOUCESTERFUND.ORG
- Return prepared by
- JULIE A SIDON CPA MST
Mission
THE ORGANIZATION'S MISSION IS TO PROMOTE CIVIC, CULTURAL, EDUCATIONAL, ATHLETIC AND BENEVOLENT PURPOSES OR ACTIVITIES IN BENEFIT OF THE CITIZENS OF GLOUCESTER, MASSACHUSETTS. ITS MOTTO IS "PARTNERING WITH THE COMMUNITY TO BENEFIT THE COMMUNITY".
Program accomplishments
- DURING 2024, THE ORGANIZATION CONTINUED ITS SUPPORT FOR AND ON-GOING PRESENTATION OF CIVIC EVENTS FOR THE CITY OF GLOUCESTER, INCLUDING SUMMERTIME CONCERTS AND U.S. FLAGS DISPLAY, JULY 4TH AND LABOR DAY FIREWORKS,THE CITY'S UNIQUE FISHTOWN HORRIBLES PARADE, A KIDS HALLOWEEN FESTIVAL, THE CITY'S CHRISTMAS TREE DISPLAY, SANTA PARADE AND A HOLIDAY HISTORIC AREA WALK.Expenses $97,523 · grants $3,500
- DURING 2024, THE ORGANIZATION CONTINUED ITS ON-GOING SUPPORT OF THE GLOUCESTER POLICE DEPARTMENT'S COMMUNITY IMPACT UNIT, WHICH ADMINISTERS AN INNOVATIVE KOPS-N-KIDS COMMUNITY OUTREACH PROGRAM AIMED AT BUILDING POSITIVE RELATIONSHIPS BETWEEN GLOUCESTER CHILDREN AND POLICE OFFICERS. THE UNIT ALSO PROVIDES SUBSTANCE ABUSE RECOVERY TRAINING CLASSES RUN BY PROFESSIONAL RECOVERY COACHES.Expenses $55,502
- DURING 2024, THE ORGANIZATION'S THIRD LARGEST PROGRAM SERVICE ACCOMPLISHMENT WAS SUPPORT OF THE CITY OF GLOUCESTER'S HISTORIC AND CULTURAL HERITAGE. THE ORGANIZATION SUPPORTED A PROGRAM WITH A GOAL TO PRODUCE TEN PUBLIC ART MURALS IN VARIOUS LOCATIONS AROUND THE CITY. IT ALSO CONTINUED A PROJECT TO RESTORE BRONZE PLAQUES WHICH COMMEMORATE THE CITY'S HISTORIC IDENTITY.Expenses $14,565
- OTHER PROGRAM SERVICES CONSISTED OF OUTREACH TO AND SUPPORT OF GLOUCESTER CITIZENS, INCLUDING A CANCER PATIENT AND AN INDIVIDUAL SEVERELY INJURED WHEN HIT BY A CAR. THE ORGANIZATION MAINTAINS A MEMORIAL FOR GOLD STAR FAMILIES. AN ANNUAL MEMORIAL SERVICE IS HELD FOR GLOUCESTER FISHERMEN LOST AT SEA.Expenses $4,858 · grants $4,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3521016
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T123)
- Assets (IRS master file)
- $332,330
- Income (IRS master file)
- $209,678
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $209,678 | $178,867 | $332,330 | XML |
| 990 | December 2023 | $188,469 | $164,230 | $326,518 | XML |
| 990 | December 2022 | $220,205 | $143,463 | $302,279 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3521016).
Questions about GLOUCESTER FUND INC
- What is the EIN of GLOUCESTER FUND INC?
- The employer identification number (EIN) of GLOUCESTER FUND INC is 04-3521016.
- Is GLOUCESTER FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to GLOUCESTER FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GLOUCESTER FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GLOUCESTER FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GLOUCESTER FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GLOUCESTER FUND INC?
- The 990 for the year ended December 31, 2024 names BARRETT S PETT.
- Who are the officers and directors of GLOUCESTER FUND INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does GLOUCESTER FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $209,678, expenses of $178,867 and total assets of $332,330 at year end.
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