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Necma Foundation INC

Tax-deductible

Norton, MA501(c)(3)EducationEIN 27-4296228

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To foster intellectual excellence in the field of club management by securing funds from contributions to be used for educational purposes and assist students, by way of providing scholarship grants, seeking an education in the hospitality profession. The organization's charitable and educational purposes are to provide educational and training opportunities for club managers and students engaged and employed in the private club and hospitality industry in the commonwealth of massachusetts and the states of maine, new hampshire, rhode island and vermont.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $20K a year · 29% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$100K
+66% vs prior year
Spent
$52K
To programs
100%
Net assets
$842K
By yearFY2020–FY2024
Revenue
$100K
FY2024▲ +66%
Revenue by fiscal year
FY2020−$16K
FY2021$125K
FY2022$86K
FY2023$60K
FY2024$100K
Expenses
$52K
FY2024▼ -27%
Expenses by fiscal year
FY2020$44K
FY2021$41K
FY2022$42K
FY2023$72K
FY2024$52K
Net assets
$842K
FY2024▲ +22%
Net assets by fiscal year
FY2020$597K
FY2021$734K
FY2022$699K
FY2023$690K
FY2024$842K

From the FY2024 Form 990 (year ending October 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2011.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $52K

Form 990 Part IX, line 25. 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 (FY2023); the FY2024 filing did not itemize Part VII
Neal Vohr
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Erin Glover
Secretary
$0Pt VII · Sec A
Chris Barron
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Nicole Gulla
Director
$0Pt VII · Sec A
Jeff Isbell
Director
$0Pt VII · Sec A
Stephen Kohr
Director
$0Pt VII · Sec A
See Necma 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports club managers and hospitality students through educational funding and scholarships.

Provided by the organization

This section is blank until Necma Foundation INC claims this page.

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1 program service account for $52K of program spending, described in the organization's own filed words · FY2023.
01

Scholarships and student conferences for students who are interested in the pursuit of career in the hospitality profession.

$52Kprogram expense

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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 · FY2023
New England Chapter Cmaa INCFY2023$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 1 grant · $29K · 2023–2023
Unitemized GrantFY2023$28,740

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$100K
Ln 12
Investment incomeLn 3$49K
Gifts and grantsLn 1h$26K
Other incomeLn 4–11$24K
Money outPt IX
$52K
Ln 25
Programscol B$52K
Owns and owesPt X
$842K
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$842K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$26K
Investment incomeLn 3$49K
Other incomeLn 4–11$24K
Gains on assetsLn 7$35K
Total revenueLn 12$100K
Assets in detailPt X, end of year
CashLn 1$9K
Cash and savings togetherLn 1–2$9K
InvestmentsLn 11–13$833K
Total assetsLn 16$842K
LiabilitiesLn 26$0
Net assetsLn 32$842K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderOctober
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 FY24End FY24
Cash and savingsLn 1–2$11K$9K
InvestmentsLn 11–13$679K$833K
Total assetsLn 16$690K$842K
LiabilitiesLn 26$0$0
Net assetsLn 32$690K$842K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$29K$29K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$17K$17K
Office expensesLn 13$628$628
Information technologyLn 14$170$170
Conferences, conventions and meetingsLn 19$3K$3K
InsuranceLn 23$885$885
Other expenses (24a–d)Ln 24$524$524
Total functional expensesLn 25$52K$52K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $100K$52K$47K$842K 990 PDF
FY2023 $60K$72K−$12K$690K 990 PDF
FY2022 $86K$42K$44K$699K 990 PDF
FY2021 $125K$41K$83K$734K 990 PDF
FY2020 −$16K$44K−$60K$597K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $99,766 across 6 lines filed
VIII-1f All other contributions, gifts and grants$26,492
VIII-1h Total contributions, gifts and grants$26,492
VIII-3 Investment incomeExcluded from tax $14,885$14,885
VIII-7 Net gain or loss on sales of assetsExcluded from tax $34,513$34,513
VIII-8 Net income from fundraising eventsExcluded from tax $23,876$23,876
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $73,274$99,766
Part IX · Statement of functional expenses $52,381 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $28,740$28,740
IX-11c Accounting feesPrograms $1,370$1,370
IX-11g Other fees for servicesPrograms $16,864$16,864
IX-13 Office expensesPrograms $628$628
IX-14 Information technologyPrograms $170$170
IX-19 Conferences, conventions and meetingsPrograms $3,200$3,200
IX-23 InsurancePrograms $885$885
IX-24 Other expenses (24a–d)Programs $524$524
IX-25 Total functional expensesPrograms $52,381 · Management $0 · Fundraising $0$52,381
Part X · Balance sheet $842,450 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $11,042$9,029
X-11 Publicly traded securitiesStart of year $678,961$833,421
X-16 Total assetsStart of year $690,003$842,450
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $690,003$842,450
X-32 Total net assets or fund balancesStart of year $690,003$842,450
X-33 Total liabilities and net assetsStart of year $690,003$842,450
Part XI · Reconciliation of net assets $842,450 net assets at year end
XI-1 Total revenue$99,766
XI-2 Total expenses$52,381
XI-3 Revenue less expenses$47,385
XI-4 Net assets at start of year$690,003
XI-5 Net unrealized gains (losses) on investments$105,062
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$842,450

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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