Irish Educational Foundation INC

Tax-deductible

Medfield, MA501(c)(3)Foundations & GrantmakersEIN 04-3115638

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Fund raising for Irish Schools

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $18K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$48K
-70% vs prior year
Spent
$32K
To programs
100%
Net assets
$338K
By yearFY2020–FY2024
Revenue
$48K
FY2024▼ -70%
Revenue by fiscal year
FY2020$765K
FY2021$887K
FY2022$458K
FY2023$159K
FY2024$48K
Expenses
$32K
FY2024▼ -71%
Expenses by fiscal year
FY2020$631K
FY2021$924K
FY2022$531K
FY2023$109K
FY2024$32K
Net assets
$338K
FY2024▲ +4%
Net assets by fiscal year
FY2020$385K
FY2021$347K
FY2022$275K
FY2023$325K
FY2024$338K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $32K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

John F Hegarty’s $19K as Treasurer is at the 67th percentile of top reported officer pay among 133 <$100K philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
John F Hegarty$18,527$15,336$11,720$5,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Irish Educational Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Irish Educational Foundation INC is a public foundation based in Medfield, MA.

Provided by the organization

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3 programs · $32K · in their own filed words · FY2024
01

The mission of the foundation is to raise funds for the education of students at Irish educational instutions

$32Kprogram expense
02

E

Pt IX · col B
03

E

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$48K
Ln 12
Investment incomeLn 3$42K
Gifts and grantsLn 1h$6K
Money outPt IX
$32K
Ln 25
Programscol B$32K
Owns and owesPt X
$338K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$338K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Investment incomeLn 3$42K
Total revenueLn 12$48K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
InvestmentsLn 11–13$330K
Total assetsLn 16$338K
LiabilitiesLn 26$0
Net assetsLn 32$338K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$37K$8K
InvestmentsLn 11–13$287K$330K
Total assetsLn 16$325K$338K
LiabilitiesLn 26$0$0
Net assetsLn 32$325K$338K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$32K$32K
Other expenses (24a–d)Ln 24$15$15$0$0
Total functional expensesLn 25$32K$32K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $48K$32K$16K$338K 990 PDF
FY2023 $159K$109K$51K$325K 990 PDF
FY2022 $458K$531K−$73K$275K 990 PDF
FY2021 $887K$924K−$37K$347K 990 PDF
FY2020 $765K$631K$134K$385K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (5 parts)
Part I · Summary $47,837 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $76,428$5,559
I-9 Program service revenue$0
I-10 Investment incomePrior year $64,508$42,278
I-11 Other revenuePrior year $18,527$0
I-12 Total revenuePrior year $159,463$47,837
I-13 Grants and similar amounts paidPrior year $86,437$31,977
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $18,527$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,874$15
I-18 Total expensesPrior year $108,838$31,992
I-19 Revenue less expensesPrior year $50,625$15,845
Part VIII · Statement of revenue $47,837 across 5 lines filed
VIII-1f All other contributions, gifts and grants$5,559
VIII-1h Total contributions, gifts and grants$5,559
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$42,278
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $42,278 · Unrelated business $0 · Excluded from tax $0$47,837
Part IX · Statement of functional expenses $31,992 across 2 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $31,977$31,977
IX-24 Other expenses (24a–d)Programs $15 · Management $0 · Fundraising $0$15
IX-25 Total functional expensesPrograms $31,992 · Management $0 · Fundraising $0$31,992
Part X · Balance sheet $338,036 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $36,667$8,137
X-11 Publicly traded securitiesStart of year $286,716$329,899
X-16 Total assetsStart of year $325,280$338,036
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $38,564$8,137
X-28 Net assets with donor restrictionsStart of year $286,716$329,899
X-32 Total net assets or fund balancesStart of year $325,280$338,036
X-33 Total liabilities and net assetsStart of year $325,280$338,036
Part XI · Reconciliation of net assets $338,036 net assets at year end
XI-1 Total revenue$47,837
XI-2 Total expenses$31,992
XI-3 Revenue less expenses$15,845
XI-4 Net assets at start of year$325,280
XI-5 Net unrealized gains (losses) on investments$42,278
XI-10 Net assets at end of year$338,036

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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