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Nonprofit · EIN 22-3253542

BELMONT EDUCATION FOUNDATION

Also known as FOUNDATION FOR BELMONT EDUCATION

Tax-exempt · BELMONT, MA 02478

Financials

$254K$97K2022$376K$308K2023$283K$214K2024
Revenue Expenses · by fiscal year end
Financials of BELMONT EDUCATION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$283,149$213,774$69,375$1,060,108$9,222$1,050,886
June 30, 2024990$375,714$307,798$67,916$999,382$25,399$973,983
June 30, 2023990$253,727$97,173$156,554$939,839$52,996$886,843
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$242,069
Program service revenue
$0
Investment income
$41,080
Other revenue
$0

Expenses

Grants and similar amounts paid
$158,668
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$8,171
Program services (functional)
$180,241
Management and general (functional)
$19,322
Fundraising (functional)
$14,211

Balance sheet and other

Total assets, start of year
$999,382
Total assets, end of year
$1,060,108
Total liabilities, end of year
$9,222
Net assets, end of year
$1,050,886
Publicly traded securities
$161,966
Net assets without donor restrictions
$710,493
Net assets with donor restrictions
$340,393
Gross receipts
$359,556
Employees
0
Volunteers
50
Year formed
1992
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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
LANDER ARRUETREASURER
Trustee or director, Officer
2$0
MAGGIE BERRYMANDIRECTOR
Trustee or director
1$0
AMY BROWNDIRECTOR
Trustee or director
1$0
SARA CARSONDIRECTOR
Trustee or director
1$0
AMY CHECKOWAYDIRECTOR
Trustee or director
1$0
MICHAEL GAOVP PROGRAMS
Trustee or director, Officer
2$0
KYLIA GARVERDIRECTOR
Trustee or director
1$0
KELLY GELFERDIRECTOR
Trustee or director
1$0
CARMEN RUIZ DE GUANADIRECTOR
Trustee or director
1$0
RENEE GUODIRECTOR
Trustee or director
1$0
YANG HANDIRECTOR
Trustee or director
1$0
HOLLY JAVEDANSECRETARY
Trustee or director, Officer
2$0
JERREL JONESCO PRESIDENT
Trustee or director, Officer
2$0
ZEB KIMMELDIRECTOR
Trustee or director
1$0
VALERIE KREMPUSCO VP MARK.
Trustee or director, Officer
2$0
7 more people on this return
NameTitleHours / weekCompensation
WENHONG LIUDIRECTOR
Trustee or director
1$0
AMANDA LUBARSKYVP FUNDRAISI
Trustee or director, Officer
2$0
MELISSA MCKENNADIRECTOR
Trustee or director
1$0
MARIA OLAGUNJUCO PRESIDENT
Trustee or director, Officer
2$0
DEEPA SHAKYADIRECTOR
Trustee or director
1$0
JESSICA SMITHDIRECTOR
Trustee or director
1$0
SARA TOWNSENDDIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2024: 17 people
NameTitleHours / weekCompensation
NATASHA BREGELDIRECTOR
Trustee or director
1$0
AMY BROWNDIRECTOR
Trustee or director
1$0
MICHAEL GAOVP PROGRAMS
Trustee or director, Officer
2$0
KYLIA GARVERDIRECTOR
Trustee or director
1$0
KELLY GELFERDIRECTOR
Trustee or director
1$0
RUI GUODIRECTOR
Trustee or director
1$0
MATIAS INFANTEDIRECTOR
Trustee or director
1$0
HOLLY JAVEDANSECRETARY
Trustee or director, Officer
2$0
JERREL JONESDIRECTOR
Trustee or director
1$0
VALERIE KREMPUSDIRECTOR
Trustee or director
1$0
MAURO LANCETREASURER
Trustee or director, Officer
2$0
WENHONG LIUDIRECTOR
Trustee or director
1$0
AMANDA LUBARSKYVP FUNDRAISI
Trustee or director, Officer
2$0
MELISSA MCKENNACO PRESIDENT
Trustee or director, Officer
2$0
MARIA OLAGUNJUCO PRESIDENT
Trustee or director, Officer
2$0
JESSICA SMITHDIRECTOR
Trustee or director
1$0
SARA TOWNSENDDIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2023: 18 people
NameTitleHours / weekCompensation
HOLLY JAVEDANSECRETARY
Officer
2$2
MAURO LANCETREASURER
Officer
2$2
NATASHA BREGELDIRECTOR
Trustee or director
1$0
BARBARA BULFONIDIRECTOR
Trustee or director
1$0
LAUREN CAPITANIDIRECTOR
Trustee or director
1$0
SARAH CAPUTOVICE PRESIDE
Trustee or director, Officer
2$0
NOMITA GANGULYDIRECTOR
Trustee or director
1$0
MICHAEL GAOVICE PRESIDE
Trustee or director, Officer
2$0
RUI GUODIRECTOR
Trustee or director
1$0
LYN HAMERDIRECTOR
Trustee or director
1$0
MATIAS INFANTEDIRECTOR
Trustee or director
1$0
VALERIE KREMPUSDIRECTOR
Trustee or director
1$0
WENHONG LIUDIRECTOR
Trustee or director
1$0
AMANDA LUBARSKYDIRECTOR
Trustee or director
1$0
MARIA OLAGUNJUDIRECTOR
Trustee or director
1$0
JESSICA SMITHDIRECTOR
Trustee or director
1$0
SARA TOWNSENDDIRECTOR
Trustee or director
1$0
MELISSA MCKENNAPRESIDENT
Officer
2$0

Address and contacts

Address (IRS master file)
PO BOX 518, BELMONT, MA 02478-0004
Principal officer (990 for 2024)
MARIA OLAGUNJU, PO BOX 518, BELMONT, MA 02478
Signed the 990
MARIA OLAGUNJU, CO PRESIDENT
Phone
(617) 484-7989
Return prepared by
RUANE & COMPANY LLP

Mission

TO PROVIDE LEARNING EXCELLENCE AND SPECIAL INITIATIVES GRANTS TO TEACHERS AND ADMINISTRATORS AND TO PROVIDE EDUCATIONAL ENRICHMENT MATERIALS FOR THE BELMONT PUBLIC SCHOOLS SYSTEM, A SCHOOL SYSTEM WITH A STUDENT POPULATION OF APPROXIMATELY 4,500.

990 for the year ended June 30, 2025

Program accomplishments

  • TO PROVIDE LEARNING EXCELLENCE AND SPECIAL INITIATIVES GRANTS TO TEACHERS AND ADMINISTRATORS AND TO PROVIDE EDUCATIONAL ENRICHMENT MATERIALS FOR THE BELMONT PUBLIC SCHOOLS SYSTEM.
    Expenses $180,241 · grants $158,668

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
22-3253542
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
1993
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B25M)
Assets (IRS master file)
$1,060,108
Income (IRS master file)
$359,556

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$283,149$213,774$1,060,108IRS
990June 2024$375,714$307,798$999,382XML
990June 2023$253,727$97,173$939,839XML
990June 2022$205,722$61,442$824,893IRS
990June 2021–––IRS
990June 2020–––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 22-3253542).

Questions about BELMONT EDUCATION FOUNDATION

What is the EIN of BELMONT EDUCATION FOUNDATION?
The employer identification number (EIN) of BELMONT EDUCATION FOUNDATION is 22-3253542.
Is BELMONT EDUCATION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to BELMONT EDUCATION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BELMONT EDUCATION FOUNDATION 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 BELMONT EDUCATION FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BELMONT EDUCATION FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of BELMONT EDUCATION FOUNDATION?
The 990 for the year ended June 30, 2025 names MARIA OLAGUNJU.
Who are the officers and directors of BELMONT EDUCATION FOUNDATION?
The 990 for the year ended June 30, 2025 lists 22 people; 0 received compensation from the organization.
How much revenue does BELMONT EDUCATION FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $283,149, expenses of $213,774 and total assets of $1,060,108 at year end.

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