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Ipswich Education Foundation INC

Tax-deductible

Ipswich, MA501(c)(3) EIN 04-3290520Revenue $77K in FY2025Latest return filed Mar 8, 2026

On file with the IRSipswichedfoundation.orgIpswich, MATax-exempt since Jan 1996Publicly supported charity — 170(b)(1)(A)(vi)

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Provide funds for charitable educational and other public purposes for the support of the Ipswich public school systems.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $4K a year · 6% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
49.0 mo
of spending, in cash
49.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
16
of 16 voting members
16 of 16 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$77K
+43% vs prior year
Spent
$74K
To programs
80%
Net assets
$390K
By yearFY2020–FY2025
Revenue
$77K
FY2025▲ +43%
Tap a bar for its year
Revenue by fiscal year
FY2020$20K
FY2021$73K
FY2022$115K
FY2023$132K
FY2024$54K
FY2025$77K
Expenses
$74K
FY2025▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$66K
FY2021$54K
FY2022$154K
FY2023$85K
FY2024$65K
FY2025$74K
Net assets
$390K
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$362K
FY2021$383K
FY2022$333K
FY2023$386K
FY2024$379K
FY2025$390K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1996.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $59K Management & general 20% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
Ingrid Miles
President
$0Pt VII · Sec A
Frank Corbin
Treasurer
$0Pt VII · Sec A
David Mooradd
Vice President
$0Pt VII · Sec A
Ken Swenson
Secretary
$0Pt VII · Sec A
Amy Borgman
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ipswich Education Foundation INC executive salaries →

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

Funds public schools for educational and other charitable purposes.

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1 program · $59K · in their own filed words · FY2025
01

Donation to the Ipswich Public School System for the support of the athletic department, fine arts department, and the buildings and grounds of the school.

$59Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Institution for Savings in Newbrypt & Its Vcnty Chrtble Foundation INCFY2025$11K
Total grants receivedfrom 1 funder$11K
Grants paid · 5 grants · $212K · 2022–2025
Ipswich Public SchoolsFY2025$45,416
Ipswich Public SchoolsFY2024$47,081
Ipswich Public SchoolFY2023$62,809
Ipswich Public SchoolFY2022$47,524
Change Is Simple IncorporatedMA · FY2022$9,046

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$77K
Ln 12
Gifts and grantsLn 1h$68K
Investment incomeLn 3$10K
Money outPt IX
$74K
Ln 25
Programscol B$59K
Managementcol C$15K
Owns and owesPt X
$390K
net assets · Ln 32
Cash and savingsLn 1–2$300K
Total assetsLn 16$390K
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$68K
Investment incomeLn 3$10K
Total revenueLn 12$77K
Assets in detailPt X, end of year
CashLn 1$300K
Cash and savings togetherLn 1–2$300K
InvestmentsLn 11–13$90K
Total assetsLn 16$390K
LiabilitiesLn 26$0
Net assetsLn 32$390K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$52K$52K$52K$53K$73K
SpentLn 1d–1f$6K$10K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$289K$300K
InvestmentsLn 11–13$91K$90K
Total assetsLn 16$380K$390K
LiabilitiesLn 26$648$0
Net assetsLn 32$379K$390K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$46K$46K
Accounting feesLn 11c$4K$0$4K$0
Advertising and promotionLn 12$188$0$188$0
Office expensesLn 13$722$0$722$0
InsuranceLn 23$885$0$885$0
Other expenses (24a–d)Ln 24$14K$13K$1K$0
All other expensesLn 24e$8K$0$8K$0
Total functional expensesLn 25$74K$59K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Mar 8, 2026 $77K$74K$4K$390K 990 PDF
FY2024Filed with the IRS Mar 11, 2025 $54K$65K−$12K$379K 990 PDF
FY2023Filed with the IRS May 6, 2024 $132K$85K$47K$386K 990 PDF
FY2022Filed with the IRS Apr 14, 2023 $115K$154K−$40K$333K 990 PDF
FY2021Filed with the IRS Jun 29, 2022 $73K$54K$19K$383K 990 PDF
FY2020Filed with the IRS Jun 8, 2021 $20K$66K−$45K$362K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $77,171 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $45,682$67,646
I-9 Program service revenue$0
I-10 Investment incomePrior year $8,267$9,525
I-11 Other revenue$0
I-12 Total revenuePrior year $53,949$77,171
I-13 Grants and similar amounts paidPrior year $47,156$46,231
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $2,357$0
I-17 Other expensesPrior year $15,983$27,349
I-18 Total expensesPrior year $65,496$73,580
I-19 Revenue less expensesPrior year −$11,547$3,591
Part VI · Governance 16 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $77,171 across 4 lines filed
VIII-1f All other contributions, gifts and grants$67,646
VIII-1h Total contributions, gifts and grants$67,646
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $9,525$9,525
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $9,525$77,171
Part IX · Statement of functional expenses $73,580 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $46,231$46,231
IX-11c Accounting feesPrograms $0 · Management $4,015 · Fundraising $0$4,015
IX-12 Advertising and promotionPrograms $0 · Management $188 · Fundraising $0$188
IX-13 Office expensesPrograms $0 · Management $722 · Fundraising $0$722
IX-23 InsurancePrograms $0 · Management $885 · Fundraising $0$885
IX-24 Other expenses (24a–d)Programs $12,770 · Management $1,269 · Fundraising $0$14,039
IX-24e All other expensesPrograms $0 · Management $7,500 · Fundraising $0$7,500
IX-25 Total functional expensesPrograms $59,001 · Management $14,579 · Fundraising $0$73,580
Part X · Balance sheet $389,767 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $289,044$300,187
X-11 Publicly traded securitiesStart of year $90,512$89,580
X-16 Total assetsStart of year $379,556$389,767
X-26 Total liabilitiesStart of year $648$0
X-27 Net assets without donor restrictionsStart of year $39,385$50,244
X-28 Net assets with donor restrictionsStart of year $339,523$339,523
X-32 Total net assets or fund balancesStart of year $378,908$389,767
X-33 Total liabilities and net assetsStart of year $379,556$389,767
Part XI · Reconciliation of net assets $389,767 net assets at year end
XI-1 Total revenue$77,171
XI-2 Total expenses$73,580
XI-3 Revenue less expenses$3,591
XI-4 Net assets at start of year$378,908
XI-5 Net unrealized gains (losses) on investments$7,268
XI-10 Net assets at end of year$389,767

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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