Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
96 cents of each dollar spent went to programs.
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
4 people listed on the 990.
Barrett S Pett’s $500 as President & Director is at the 1st percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Enriches Gloucester through civic, cultural, educational, athletic, and benevolent activities.
Questions for Gloucester Fund INC
Your first name shows with your question. Gloucester Fund INC answers here, for everyone.
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During 2024, the organization continued its support for and on-going presentation of civic events for the city of gloucester, including summertime concerts and U.S. Flags display, july 4TH and labor day fireworks,the city's unique fishtown horribles parade, a kids halloween festival, the city's christmas tree display, santa parade and a…
During 2024, the organization continued its on-going support of the gloucester police department's community impact unit, which administers an innovative kops-n-kids community outreach program aimed at building positive relationships between gloucester children and police officers.
During 2024, the organization's third largest program service accomplishment was support of the city of gloucester's historic and cultural heritage. The organization supported a program with a goal to produce ten public art murals in various locations around the city.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $322K | $332K |
| Total assetsLn 16 | $327K | $332K |
| LiabilitiesLn 26 | $25K | $0 |
| Net assetsLn 32 | $302K | $332K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $4K | $4K | ||
| Grants to domestic individualsLn 2 | $4K | $4K | ||
| Accounting feesLn 11c | $6K | $6K | ||
| Office expensesLn 13 | $31 | $31 | ||
| Other expenses (24a–d)Ln 24 | $165K | $165K | $388 | |
| Total functional expensesLn 25 | $179K | $172K | $6K | $388 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $210K | $179K | $31K | $332K | 990 PDF |
| FY2023 | $188K | $164K | $24K | $302K | 990 PDF |
| FY2022 | $220K | $143K | $77K | $277K | 990 PDF |
| FY2021 | $260K | $194K | $66K | $205K | 990 PDF |
| FY2020 | $104K | $139K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $209,678 revenue, 12 lines filed
Part VI · Governance 3 of 4 board members independent, 5 to look at
Part VIII · Statement of revenue $209,678 across 5 lines filed
Part IX · Statement of functional expenses $178,867 across 5 lines filed
Part X · Balance sheet $332,330 assets, 6 lines filed
Part XI · Reconciliation of net assets $332,330 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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