Ipswich Education Foundation INC: FY2021 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, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3290520) · Dispute this line

$47Kprogram 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 FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$73K

Ln 12

Gifts and grantsLn 1h$71K

Investment incomeLn 3$2K

Money outPt IX

$54K

Ln 25

Programscol B$47K

Managementcol C$7K

Owns and owesPt X

$383K

net assets · Ln 32

Cash and savingsLn 1–2$306K

Total assetsLn 16$383K

LiabilitiesLn 26$0

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$71K

Fundraising eventsLn 1c$65K

Investment incomeLn 3$2K

Total revenueLn 12$73K

Assets in detailPt X, end of year

SavingsLn 2$306K

Cash and savings togetherLn 1–2$306K

InvestmentsLn 11–13$78K

Total assetsLn 16$383K

LiabilitiesLn 26$0

Net assetsLn 32$383K

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	FY21	FY20	FY19	FY18	FY17
End of yearLn 1g	$73K	$76K	$68K	$138K	$156K
AddedLn 1b					$41K
SpentLn 1d–1f			$78K	$20K

4Year over year

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$288K	$306K
InvestmentsLn 11–13	$76K	$78K
Total assetsLn 16	$363K	$383K
LiabilitiesLn 26	$2K	$0
Net assetsLn 32	$362K	$383K

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$47K	$47K
Accounting feesLn 11c	$3K		$3K
Advertising and promotionLn 12	$155		$155
Office expensesLn 13	$956		$956
InsuranceLn 23	$2K		$2K
Other expenses (24a–d)Ln 24	$660		$660
Total functional expensesLn 25	$54K	$47K	$7K	$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
FY2021 ViewingFiled 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 FY2021 990

Part I · Summary $73,208 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $19,298$70,837

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $795$2,371

I-11 Other revenuePrior year $324$0

I-12 Total revenuePrior year $20,417$73,208

I-13 Grants and similar amounts paidPrior year $37,125$47,344

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 $28,741$6,781

I-18 Total expensesPrior year $65,866$54,125

I-19 Revenue less expensesPrior year −$45,449$19,083

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 $73,208 across 6 lines filed

VIII-1c Fundraising events$64,917

VIII-1f All other contributions, gifts and grants$5,920

VIII-1h Total contributions, gifts and grants$70,837

VIII-3 Investment incomeExcluded from tax $2,371$2,371

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,371$73,208

Part IX · Statement of functional expenses $54,125 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $47,344$47,344

IX-11c Accounting feesManagement $3,240$3,240

IX-12 Advertising and promotionManagement $155$155

IX-13 Office expensesManagement $956$956

IX-23 InsuranceManagement $1,770$1,770

IX-24 Other expenses (24a–d)Management $660$660

IX-25 Total functional expensesPrograms $47,344 · Management $6,781 · Fundraising $0$54,125

Part X · Balance sheet $383,387 assets, 9 lines filed

X-2 Savings and temporary cash investmentsStart of year $287,827$305,841

X-11 Publicly traded securitiesStart of year $75,504$77,546

X-16 Total assetsStart of year $363,331$383,387

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

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

X-27 Net assets without donor restrictionsStart of year $14,802$20,933

X-28 Net assets with donor restrictionsStart of year $346,898$362,454

X-32 Total net assets or fund balancesStart of year $361,700$383,387

X-33 Total liabilities and net assetsStart of year $363,331$383,387

Part XI · Reconciliation of net assets $383,387 net assets at year end

XI-1 Total revenue$73,208

XI-2 Total expenses$54,125

XI-3 Revenue less expenses$19,083

XI-4 Net assets at start of year$361,700

XI-5 Net unrealized gains (losses) on investments$2,604

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$383,387

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Ipswich Education Foundation INC FY2021 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