Nonprofit · EIN 57-1224669
GLOUCESTER EDUCATION FOUNDATION INC
Tax-exempt · GLOUCESTER, MA 01931
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $895,007 | $706,721 | $188,286 | $3,092,063 | $848 | $3,091,215 |
| June 30, 2024 | 990 | $661,472 | $635,315 | $26,157 | $2,785,611 | $2,112 | $2,783,499 |
| June 30, 2023 | 990 | $44,930 | $73,103 | -$28,173 | $2,595,523 | $362 | $2,595,161 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $811,384
- Program service revenue
- $0
- Investment income
- $82,630
- Net gain from sales of assets
- $31,637
- Other revenue
- $993
Expenses
- Grants and similar amounts paid
- $456,618
- Compensation of officers, directors and key employees
- $110,975
- Other salaries and wages
- $31,261
- Salaries, compensation and benefits (total)
- $153,566
- Professional fundraising fees
- $0
- Accounting fees
- $6,238
- Occupancy
- $14,005
- Program services (functional)
- $558,511
- Management and general (functional)
- $75,382
- Fundraising (functional)
- $72,828
Balance sheet and other
- Total assets, start of year
- $2,785,611
- Total assets, end of year
- $3,092,063
- Total liabilities, end of year
- $848
- Net assets, end of year
- $3,091,215
- Publicly traded securities
- $2,191,703
- Net assets without donor restrictions
- $2,370,160
- Net assets with donor restrictions
- $721,055
- Gross receipts
- $1,335,671
- Employees
- 2
- Volunteers
- 250
- Year formed
- 2005
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Emily Siegel | Executive Director Key employee | 40 | $102,401 |
| Margaret Rosa | Director Trustee or director | 1.5 | $0 |
| Karen Kenny | Director Trustee or director | 1 | $0 |
| Leslie Friday | Director Trustee or director | 1 | $0 |
| Marianne Smith | Director Trustee or director | 1 | $0 |
| Maiuza Alves | Director Trustee or director | 1 | $0 |
| Christopher Boucher | Director Trustee or director | 1 | $0 |
| Ingrid Conti | Director Trustee or director | 1 | $0 |
| Dawn Sarrouf | Director Trustee or director | 1 | $0 |
| Zachary Smith | Director Trustee or director | 1 | $0 |
| Brian Weed | Treasurer Trustee or director, Officer | 1.25 | $0 |
| Ted Costa | President Trustee or director, Officer | 2 | $0 |
| Matt Beach | Secretary Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Emily Siegel | Executive Director Key employee | 40 | $98,539 |
| Marianne Smith | Director Trustee or director | 1 | $0 |
| Leslie Friday | Director Trustee or director | 1 | $0 |
| Karen Kenny | Director Trustee or director | 1 | $0 |
| Maiuza Alves | Director Trustee or director | 1 | $0 |
| Joseph Rosa | Director Trustee or director | 1 | $0 |
| Margaret Rosa | Director Trustee or director | 1.5 | $0 |
| Christopher Boucher | Director Trustee or director | 1 | $0 |
| Matt Beach | Director Trustee or director, Officer | 1 | $0 |
| Brian Weed | Treasurer Trustee or director, Officer | 1.25 | $0 |
| Anna OConnor | Current President Trustee or director, Officer | 2 | $0 |
| Ted Costa | President Elect Trustee or director, Officer | 1 | $0 |
| Justine Laurie | Former Treasurer Officer | 0 | $0 |
| John Bjorlie | Clerk Officer | 1 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Emily Siegel | Executive Director Key employee | 40 | $92,549 |
| Maiuza Alves | Director Trustee or director | 1 | $0 |
| Karen Kenny | Director Trustee or director | 1 | $0 |
| Marianne Smith | Director Trustee or director | 1 | $0 |
| Leslie Friday | Director Trustee or director | 1 | $0 |
| Matt Beach | Director Trustee or director | 1 | $0 |
| Joseph Rosa | Director Trustee or director | 1 | $0 |
| Margaret Maggie Rosa | Director Trustee or director | 1.5 | $0 |
| Kathleen Clancy | Director Trustee or director | 1.25 | $0 |
| Brian Weed | Director Trustee or director | 1 | $0 |
| June Landergren Steel | Director Trustee or director | 1 | $0 |
| Justine Laurie | Treasurer Trustee or director, Officer | 1.25 | $0 |
| Anna OConnor | Current President Trustee or director, Officer | 2 | $0 |
| Ted Costa | President Elect Trustee or director, Officer | 1 | $0 |
| John Bjorlie | Clerk Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1104, GLOUCESTER, MA 01931-1104
- In care of
- % TED COSTA
- Signed the 990
- TED COSTA, President
- Phone
- (978) 282-5550
- Website
- thinkthebest.org
- Return prepared by
- Luccitelli & Co CPAs PC
Mission
Provide financial support for new and innovative programs for the public schools of Gloucester, Massachusetts
Program accomplishments
- Direct financial support of public school programs of Gloucester, MassachusettsExpenses $558,511
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 57-1224669
- 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
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B112)
- Assets (IRS master file)
- $3,092,063
- Income (IRS master file)
- $1,335,671
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $895,007 | $706,721 | $3,092,063 | XML |
| 990 | June 2024 | $661,472 | $635,315 | $2,785,611 | XML |
| 990 | June 2023 | $44,930 | $73,103 | $2,595,523 | XML |
| 990 | March 2023 | $628,647 | $569,333 | $2,598,597 | IRS |
| 990 | March 2022 | $687,103 | $510,996 | $2,682,475 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | 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 57-1224669).
Questions about GLOUCESTER EDUCATION FOUNDATION INC
- What is the EIN of GLOUCESTER EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of GLOUCESTER EDUCATION FOUNDATION INC is 57-1224669.
- Is GLOUCESTER EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to GLOUCESTER EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GLOUCESTER EDUCATION FOUNDATION 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 EDUCATION FOUNDATION INC 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 GLOUCESTER EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of GLOUCESTER EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 13 people; 1 received compensation from the organization, the highest $102,401 (Emily Siegel, Executive Director).
- How much revenue does GLOUCESTER EDUCATION FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $895,007, expenses of $706,721 and total assets of $3,092,063 at year end.
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