Nonprofit · EIN 45-2776672
PEABODY EDUCATION FOUNDATION
Tax-exempt (reinstated) · PEABODY, MA 01960
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $113,518 | $149,266 | -$35,748 | $87,326 | – | $87,326 |
| December 31, 2024 | 990-EZ | $147,213 | $208,964 | -$61,751 | $123,074 | $0 | $123,074 |
| December 31, 2023 | 990-EZ | $119,083 | $133,704 | -$14,621 | $185,525 | $700 | $184,825 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $99,802
- Program service revenue
- $0
- Investment income
- $31
- Net income from fundraising events
- $13,685
Expenses
- Grants and similar amounts paid
- $2,500
- Compensation of officers, directors and key employees
- $0
- Printing, publications and postage
- $498
- Other expenses
- $146,268
- Program services (functional)
- $143,890
Balance sheet and other
- Total assets, start of year
- $123,074
- Total assets, end of year
- $87,326
- Total liabilities, end of year
- –
- Net assets, end of year
- $87,326
- Cash, savings and investments
- $87,326
- Gross receipts
- $118,770
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Gravel | Chairman | 5 | $0 |
| Daniel Vassallo | Treasurer | 3 | $0 |
| Barbara Kelly | Secretary | 2 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Gravel | Chairman | 5 | $0 |
| Daniel Vassallo | Treasurer | 3 | $0 |
| Barbara Kelly | Secretary | 2 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Gravel | Chairman | 5 | $0 |
| Daniel Vassallo | Treasurer | 3 | $0 |
| Barbara Kelly | Secretary | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 233, PEABODY, MA 01960-6733
- In care of
- % DAVID C GRAVEL
- Mailing address (990-N for 2020)
- PO BOX 233, PEABODY MA 01960
- Principal officer (990-N for 2020)
- DAVID GRAVEL, 10 Centennial Drive, Peabody MA 01960
- Signed the 990-EZ
- DAVID GRAVEL, CHAIRMAN
- Phone
- (978) 538-9055
- Website
- peabodyedfoundation.org
- Return prepared by
- GraVoc Associates
Mission
To provide assistance to Peabody public schools
Program accomplishments
- PEF Grant ProgramProvides grants to teachers for innovative programs in the classroom that is not typically part of the budgetExpenses $101,486 · grants $101,486
- Mental Wellness Program GrantsProvides social/emotional learning reading materials andsupplies that improve student and staff mental wellnessExpenses $30,061 · grants $30,061
- Birthday Book GrantsProvide each elementary school student a book on theirbirthdayExpenses $12,343 · grants $12,343
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 45-2776672
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $87,326
- Income (IRS master file)
- $118,770
Revocation and reinstatement
- Exemption revoked
- May 15, 2014
- Posted by the IRS
- August 11, 2014
- Reinstated
- Effective May 15, 2014
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $113,518 | $149,266 | $87,326 | IRS |
| 990-EZ | December 2024 | $147,213 | $208,964 | $123,074 | IRS |
| 990-EZ | December 2023 | $119,083 | $133,704 | $185,525 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: DAVID GRAVEL | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-N for 2018 Officer: DAVID GRAVEL | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 45-2776672).
Questions about PEABODY EDUCATION FOUNDATION
- What is the EIN of PEABODY EDUCATION FOUNDATION?
- The employer identification number (EIN) of PEABODY EDUCATION FOUNDATION is 45-2776672.
- Is PEABODY EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2014 and reinstated it effective May 15, 2014.
- Are donations to PEABODY EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PEABODY 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 PEABODY EDUCATION FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PEABODY EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of PEABODY EDUCATION FOUNDATION?
- The 990-N for 2020 names DAVID GRAVEL.
- Who are the officers and directors of PEABODY EDUCATION FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does PEABODY EDUCATION FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $113,518, expenses of $149,266 and total assets of $87,326 at year end.
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