Weymouth Educational Foundation INC FY2020 filing

IRS exemption revoked

Weymouth, MAUnknown exempt organization EIN 04-3334792Revenue $8K in FY2020

On file with the IRSCo Wf Garvey 33 Union Street No · Weymouth, MA

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To assist the students of the Weymouth public schools via grants and awards to teachers within the system

71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $2K a year · 16% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
15 mo
of spending, in cash
Plus $39K in investments, Pt X · Ln 11–13
Looks good: 15.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $33
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8K
Spent
$13K
To programs
71%
Net assets
$54K
By yearFY2020–FY2022
Revenue
$8K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$8K
FY2021$9K
FY2022$26K
Expenses
$13K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$13K
FY2021$836
FY2022$36K
Net assets
$54K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$54K
FY2021$68K
FY2022$55K

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2025
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $9K Management & general 17% · $2K Fundraising 13% · $2K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director/Vice President
$0Pt VII · Sec A
Director/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director/President
$0Pt VII · Sec A
See Weymouth 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

Provides grants and awards to teachers in Weymouth Public Schools to benefit students.

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Provided by the organization

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1 program · $9K · in their own filed words · FY2019
01

Scholarships, grants,endowments and donations

$9Kprogram expense

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 · FY2023
Total grants receivedfrom 1 funder$33

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$8K
Ln 12
Gifts and grantsLn 1h$6K
Investment incomeLn 3$3K
Money outPt IX
$13K
Ln 25
Programscol B$9K
Managementcol C$2K
Fundraisingcol D$2K
Owns and owesPt X
$54K
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$56K
LiabilitiesLn 26$3K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Noncash giftsLn 1g$750
Investment incomeLn 3$3K
Gains on assetsLn 7$1K
Total revenueLn 12$8K
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$16K
InvestmentsLn 11–13$39K
Other assetsLn 15$600
Total assetsLn 16$56K
LiabilitiesLn 26$3K
Net assetsLn 32$54K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$20K$16K
InvestmentsLn 11–13$43K$39K
Total assetsLn 16$64K$56K
LiabilitiesLn 26$0$3K
Net assetsLn 32$64K$54K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$9K$9K
Office expensesLn 13$140$140
Other expenses (24a–d)Ln 24$4K$2K$2K
Total functional expensesLn 25$13K$9K$2K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $26K$36K−$10K$55K 990 PDF
FY2021 $9K$836$8K$68K 990 PDF
FY2020 Viewing $8K$13K−$5K$54K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $8,212 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,906$5,655
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,895$2,557
I-11 Other revenuePrior year $11,845$0
I-12 Total revenuePrior year $20,646$8,212
I-13 Grants and similar amounts paidPrior year $24,910$9,022
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 $2,624$3,734
I-18 Total expensesPrior year $27,534$12,756
I-19 Revenue less expensesPrior year −$6,888−$4,544
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $8,212 across 6 lines filed
VIII-1f All other contributions, gifts and grants$5,655
VIII-1g Noncash contributions (included above)$750
VIII-1h Total contributions, gifts and grants$5,655
VIII-3 Investment incomeRelated to mission $1,474$1,474
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,083$1,083
VIII-12 Total revenueRelated to mission $2,557 · Unrelated business $0 · Excluded from tax $0$8,212
Part IX · Statement of functional expenses $12,756 across 3 lines filed
IX-2 Grants to domestic individualsPrograms $9,022$9,022
IX-13 Office expensesManagement $140$140
IX-24 Other expenses (24a–d)Management $1,994 · Fundraising $1,600$3,594
IX-25 Total functional expensesPrograms $9,022 · Management $2,134 · Fundraising $1,600$12,756
Part X · Balance sheet $56,071 assets, 10 lines filed
Asset lines not itemized here account for −$100; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $10,839$6,731
X-2 Savings and temporary cash investmentsStart of year $9,557$9,566
X-12 Other securitiesStart of year $43,347$39,274
X-15 Other assetsStart of year $500$600
X-16 Total assetsStart of year $64,243$56,071
X-17 Accounts payable and accrued expenses$2,545
X-26 Total liabilitiesStart of year $0$2,545
X-27 Net assets without donor restrictionsStart of year $64,243$53,526
X-32 Total net assets or fund balancesStart of year $64,243$53,526
X-33 Total liabilities and net assetsStart of year $64,243$56,071
Part XI · Reconciliation of net assets $53,526 net assets at year end
XI-1 Total revenue$8,212
XI-2 Total expenses$12,756
XI-3 Revenue less expenses−$4,544
XI-4 Net assets at start of year$64,243
XI-5 Net unrealized gains (losses) on investments−$6,173
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$53,526

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

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