Ipswich Education Foundation INC: FY2023 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 buildings and grounds of the schools.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3290520) · Dispute this line

$74Kprogram 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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$132K

Ln 12

Gifts and grantsLn 1h$132K

Investment incomeLn 3$708

Money outPt IX

$85K

Ln 25

Programscol B$74K

Managementcol C$11K

Owns and owesPt X

$386K

net assets · Ln 32

Cash and savingsLn 1–2$337K

Total assetsLn 16$390K

LiabilitiesLn 26$3K

PeoplePt VI, VII

15

listed · VII A

PaidVII A0

Voting boardVI 1a13

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$132K

Investment incomeLn 3$708

Total revenueLn 12$132K

Assets in detailPt X, end of year

SavingsLn 2$337K

Cash and savings togetherLn 1–2$337K

InvestmentsLn 11–13$52K

Total assetsLn 16$390K

LiabilitiesLn 26$3K

Net assetsLn 32$386K

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	FY23	FY22	FY21	FY20	FY19
End of yearLn 1g	$52K	$53K	$73K	$76K	$68K
SpentLn 1d–1f	$6K	$10K			$78K

4Year over year

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$282K	$337K
InvestmentsLn 11–13	$53K	$52K
Total assetsLn 16	$335K	$390K
LiabilitiesLn 26	$2K	$3K
Net assetsLn 32	$333K	$386K

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$66K	$66K
Accounting feesLn 11c	$7K		$7K
Advertising and promotionLn 12	$4K	$3K	$795
Office expensesLn 13	$1K		$1K
InsuranceLn 23	$2K		$2K
Other expenses (24a–d)Ln 24	$5K	$4K	$632
Total functional expensesLn 25	$85K	$74K	$11K	$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
FY2023 ViewingFiled 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 FY2023 990

Part I · Summary $132,213 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $113,748$131,505

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $927$708

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $114,675$132,213

I-13 Grants and similar amounts paidPrior year $132,227$66,301

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 $22,109$18,805

I-18 Total expensesPrior year $154,336$85,106

I-19 Revenue less expensesPrior year −$39,661$47,107

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 $132,213 across 4 lines filed

VIII-1f All other contributions, gifts and grants$131,505

VIII-1h Total contributions, gifts and grants$131,505

VIII-3 Investment incomeExcluded from tax $708$708

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $708$132,213

Part IX · Statement of functional expenses $85,106 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $66,301$66,301

IX-11c Accounting feesManagement $7,255$7,255

IX-12 Advertising and promotionPrograms $3,138 · Management $795$3,933

IX-13 Office expensesManagement $1,015$1,015

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

IX-24 Other expenses (24a–d)Programs $4,200 · Management $632$4,832

IX-25 Total functional expensesPrograms $73,639 · Management $11,467 · Fundraising $0$85,106

Part X · Balance sheet $389,532 assets, 9 lines filed

X-2 Savings and temporary cash investmentsStart of year $282,179$337,054

X-11 Publicly traded securitiesStart of year $52,794$52,478

X-16 Total assetsStart of year $334,973$389,532

X-17 Accounts payable and accrued expensesStart of year $1,600$3,138

X-26 Total liabilitiesStart of year $1,600$3,138

X-27 Net assets without donor restrictionsStart of year $39,511$42,729

X-28 Net assets with donor restrictionsStart of year $293,862$343,665

X-32 Total net assets or fund balancesStart of year $333,373$386,394

X-33 Total liabilities and net assetsStart of year $334,973$389,532

Part XI · Reconciliation of net assets $386,394 net assets at year end

XI-1 Total revenue$132,213

XI-2 Total expenses$85,106

XI-3 Revenue less expenses$47,107

XI-4 Net assets at start of year$333,373

XI-5 Net unrealized gains (losses) on investments$5,914

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$386,394

Form 990 e-file FY2023 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 FY2023 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