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Nonprofit · EIN 64-0961351

GLOUCESTER FISHING COMMUNITY PRESERVATION FUND INC

Tax-exempt · GLOUCESTER, MA 01930

Financials

$318K$294K2023$491K$337K2024
Revenue Expenses · by fiscal year end
Financials of GLOUCESTER FISHING COMMUNITY PRESERVATION FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$490,600$336,557$154,043$12,398,202$170,829$12,227,373
December 31, 2023990$317,525$294,332$23,193$12,306,171$232,841$12,073,330
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$486,832
Investment income
$3,768
Other revenue
$0

Expenses

Grants and similar amounts paid
$600
Compensation of officers, directors and key employees
$105,000
Other salaries and wages
$25,000
Salaries, compensation and benefits (total)
$223,729
Professional fundraising fees
$0
Legal fees
$7,500
Accounting fees
$6,225
Occupancy
$18,300
Program services (functional)
$261,013
Management and general (functional)
$75,544

Balance sheet and other

Total assets, start of year
$12,306,171
Total assets, end of year
$12,398,202
Total liabilities, end of year
$170,829
Net assets, end of year
$12,227,373
Land, buildings and equipment
$6,678
Net assets without donor restrictions
$12,046,971
Net assets with donor restrictions
$180,402
Gross receipts
$490,600
Employees
2
Volunteers
0
Year formed
2007
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.

NameTitleHours / weekCompensation
VITO GIACALONEEXECUTIVE DIRECTOR/DIRECTOR
Trustee or director, Key employee
40$105,000
ROBERT GILLISTREASURER/DIRECTOR
Trustee or director, Officer
2$0
DALE BROWNCLERK/DIRECTOR
Trustee or director, Officer
2$0
ANGELA SANFILIPPOPRESIDENT/DIRECTOR
Trustee or director, Officer
2$0
KATHI TURNERDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
VITO GIACALONEEXECUTIVE DIRECTOR/DIRECTOR
Trustee or director, Key employee
40$105,000
JACQUELINE ODELLTREASURER/DIRECTOR
Trustee or director, Officer
2$0
DALE BROWNCLERK/DIRECTOR
Trustee or director, Officer
2$0
ANGELA SANFILIPPOPRESIDENT/DIRECTOR
Trustee or director, Officer
2$0
KATHI TURNERDIRECTOR
Trustee or director
2$0
ROBERT GILLISDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
10 WITHAM ST, GLOUCESTER, MA 01930-4505
Principal officer (990 for 2024)
VITO GIACALONE, 10 WITHAM STREET, GLOUCESTER, MA 01930
Signed the 990
VITO GIACALONE, EXECUTIVE DIRECTOR
Phone
(978) 281-1770
Return prepared by
Brian N Wall

Mission

PRESERVE AND PROMOTE AWARENESS OF GLOUCESTERS FISHERIES, HERITAGE, AND THE FABRIC OF GLOUCESTER, MASSACHUSETTS COMMUNITY;PROTECTING AND ENHANCING THE PORT OF GLOUCESTER AND THE PORTS INFRASTRUCTURE;AND, IN ORDER TO AID FISHERMEN, SERVING AS A CENTRAL REPOSITORY AND

990 for the year ended December 31, 2024

Program accomplishments

  • PRESERVE AND PROMOTE AWARENESS OF GLOUCESTERS FISHERIES, HERITAGE, AND THE FABRIC OF GLOUCESTER, MASSACHUSETTS COMMUNITY;PROTECTING AND ENHANCING THE PORT OF GLOUCESTER AND THE PORTS INFRASTRUCTURE;AND, IN ORDER TO AID FISHERMEN, SERVING AS A CENTRAL REPOSITORY AND EXCHANGE FOR THE LEASING OF LIMITED ACCESS, MULTI-SPECIES FISHING PERMIT PRIVILEGES TO FISHING VESSELS BASED IN GLOUCESTER
    Expenses $261,013 · revenue $486,832

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
64-0961351
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
2008
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C32)
Assets (IRS master file)
$12,398,202
Income (IRS master file)
$490,600

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$490,600$336,557$12,398,202XML
990December 2023$317,525$294,332$12,306,171XML
990December 2022$497,853$303,169$12,263,156IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 64-0961351).

Questions about GLOUCESTER FISHING COMMUNITY PRESERVATION FUND INC

What is the EIN of GLOUCESTER FISHING COMMUNITY PRESERVATION FUND INC?
The employer identification number (EIN) of GLOUCESTER FISHING COMMUNITY PRESERVATION FUND INC is 64-0961351.
Is GLOUCESTER FISHING COMMUNITY PRESERVATION FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to GLOUCESTER FISHING COMMUNITY PRESERVATION FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GLOUCESTER FISHING COMMUNITY PRESERVATION 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 FISHING COMMUNITY PRESERVATION 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 FISHING COMMUNITY PRESERVATION 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 FISHING COMMUNITY PRESERVATION FUND INC?
The 990 for the year ended December 31, 2024 names VITO GIACALONE.
Who are the officers and directors of GLOUCESTER FISHING COMMUNITY PRESERVATION FUND INC?
The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $105,000 (VITO GIACALONE, EXECUTIVE DIRECTOR/DIRECTOR).
How much revenue does GLOUCESTER FISHING COMMUNITY PRESERVATION FUND INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $490,600, expenses of $336,557 and total assets of $12,398,202 at year end.

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