Ipswich Education Foundation INC: FY2020 Nonprofit Profile & Form 990 (EIN 04-3290520)

Donation to the ipswich public school system for the support of the athletic department, fine arts department, and the building and grounds of the schools.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3290520) · Dispute this line

$37Kprogram 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 FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$20K

Ln 12

Gifts and grantsLn 1h$19K

Investment incomeLn 3$795

Other incomeLn 4–11$324

Money outPt IX

$66K

Ln 25

Programscol B$37K

Managementcol C$29K

Owns and owesPt X

$362K

net assets · Ln 32

Cash and savingsLn 1–2$288K

Total assetsLn 16$363K

LiabilitiesLn 26$2K

PeoplePt VI, VII

13

listed · VII A

PaidVII A0

Voting boardVI 1a13

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$19K

Fundraising eventsLn 1c$9K

Investment incomeLn 3$795

Other incomeLn 4–11$324

Total revenueLn 12$20K

Assets in detailPt X, end of year

SavingsLn 2$288K

Cash and savings togetherLn 1–2$288K

InvestmentsLn 11–13$76K

Total assetsLn 16$363K

LiabilitiesLn 26$2K

Net assetsLn 32$362K

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

Line	FY20	FY19	FY18	FY17	FY16
End of yearLn 1g	$76K	$68K	$138K	$156K	$114K
AddedLn 1b				$41K	$58K
SpentLn 1d–1f		$78K	$20K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$332K	$288K
InvestmentsLn 11–13	$68K	$76K
Total assetsLn 16	$400K	$363K
LiabilitiesLn 26	$0	$2K
Net assetsLn 32	$400K	$362K

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$37K	$37K
Accounting feesLn 11c	$27K		$27K
Office expensesLn 13	$1K		$1K
Other expenses (24a–d)Ln 24	$232		$232
Total functional expensesLn 25	$66K	$37K	$29K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled 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
FY2020 ViewingFiled 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 FY2020 990

Part I · Summary $20,417 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $9,377$19,298

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $4,021$795

I-11 Other revenuePrior year $50$324

I-12 Total revenuePrior year $13,448$20,417

I-13 Grants and similar amounts paidPrior year $163,033$37,125

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $2,784$28,741

I-18 Total expensesPrior year $165,817$65,866

I-19 Revenue less expensesPrior year −$152,369−$45,449

Part VI · Governance 13 of 13 board members independent, 1 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members13

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 $20,417 across 7 lines filed

VIII-1c Fundraising events$8,998

VIII-1f All other contributions, gifts and grants$10,300

VIII-1h Total contributions, gifts and grants$19,298

VIII-3 Investment incomeExcluded from tax $795$795

VIII-8 Net income from fundraising events$0

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $324$324

VIII-12 Total revenueRelated to mission $324 · Unrelated business $0 · Excluded from tax $795$20,417

Part IX · Statement of functional expenses $65,866 across 4 lines filed

IX-1 Grants to domestic organizationsPrograms $37,125$37,125

IX-11c Accounting feesManagement $27,286$27,286

IX-13 Office expensesManagement $1,223$1,223

IX-24 Other expenses (24a–d)Management $232$232

IX-25 Total functional expensesPrograms $37,125 · Management $28,741 · Fundraising $0$65,866

Part X · Balance sheet $363,331 assets, 9 lines filed

X-2 Savings and temporary cash investmentsStart of year $331,645$287,827

X-11 Publicly traded securitiesStart of year $68,160$75,504

X-16 Total assetsStart of year $399,805$363,331

X-17 Accounts payable and accrued expensesStart of year $0$1,631

X-26 Total liabilitiesStart of year $0$1,631

X-27 Net assets without donor restrictionsStart of year $46,608$14,802

X-28 Net assets with donor restrictionsStart of year $353,197$346,898

X-32 Total net assets or fund balancesStart of year $399,805$361,700

X-33 Total liabilities and net assetsStart of year $399,805$363,331

Part XI · Reconciliation of net assets $361,700 net assets at year end

XI-1 Total revenue$20,417

XI-2 Total expenses$65,866

XI-3 Revenue less expenses−$45,449

XI-4 Net assets at start of year$399,805

XI-5 Net unrealized gains (losses) on investments$7,344

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$361,700

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Ipswich Education Foundation INC FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Ipswich Education Foundation INC