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10 Elm Foundation FY2023 filing

Tax-deductible

Boxford, MA501(c)(3)Human ServicesEIN 84-2933724Revenue $80K in FY2023

On file with the IRS10elmfoundation.org10 Elm St, 01921-2300 · Boxford, MATax-exempt since Mar 2020Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the 10 Elm Foundation is to provide boxford with a dynamic gather place in the heart of the village that is safe and accessible for all.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $12K a year · 6% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $76K
Looks good: 3 funders name it on their filings; 3 or more.
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
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$80K
-69% vs prior year
Spent
$254K
To programs
98%
Net assets
$84K
By yearFY2020–FY2025
Revenue
$80K
FY2023▼ -69%
Tap a bar for its year
Revenue by fiscal year
FY2020$120K
FY2021$297K
FY2022$262K
FY2023$80K
FY2024$137
FY2025$831
Expenses
$254K
FY2023▲ ×53
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$416K
FY2022$5K
FY2023$254K
FY2024Not on file
FY2025Not on file
Net assets
$84K
FY2023▼ -67%
Tap a bar for its year
Net assets by fiscal year
FY2020$119K
FY2021$32
FY2022$257K
FY2023$84K
FY2024$58K
FY2025$55K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2020.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $249K Management & general 2% · $4K Fundraising 0% · $399

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Heather Vaz
President
$0Pt VII · Sec A
$0Pt VII · Sec A
John Shirley
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Suzanne Cox
Director
$0Pt VII · Sec A
See 10 Elm Foundation 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

Creates a safe, accessible community gathering place in the village center.

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Provided by the organization

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3 programs · $249K · in their own filed words · FY2022
01

Organization outreached to various groups and individuals in the area to raise funds for the community center in boxford. The construction of the new SENIOR/COMMUNITY center at 10 elm is complete. The organization received a certificate of occupancy. Furniture and fixtures for the SENIOR/COMMUNITY center have been installed.

$249Kprogram expense
02

The 10 elm foundation has done a tremendous amount of outreach in the last year. Heather vaz, our president, met with scott morrison - the superintendent of the boxford elementary schools. He is excited to be able to collaborate with us on future intergenerational programming at the center: gardening, cooking, historical programs and…

Pt IX · col B
03

The 10 elm foundation teamed up with a local arts, theatre and cultural group (wah!) which will provide programming in the afternoons, evenings and weekends at the center - for all ages.

Pt IX · col B

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 · FY2022
Fidelity Investments Charitable Gift FundFY2022$75K
Pfizer Foundation INCFY2022$275
GE FoundationFY2022$250
Total grants receivedfrom 3 funders$76K
See all 3 funders →
Grants paid · 1 grant · $416K · 2020–2020
Town of BoxfordFY2020$415,800

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$80K
Ln 12
Gifts and grantsLn 1h$80K
Investment incomeLn 3$86
Money outPt IX
$254K
Ln 25
Programscol B$249K
Managementcol C$4K
Fundraisingcol D$399
Owns and owesPt X
$84K
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$84K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$80K
Investment incomeLn 3$86
Total revenueLn 12$80K
Assets in detailPt X, end of year
SavingsLn 2$84K
Cash and savings togetherLn 1–2$84K
Total assetsLn 16$84K
LiabilitiesLn 26$0
Net assetsLn 32$84K
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
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 FY23End FY23
Cash and savingsLn 1–2$257K$84K
Total assetsLn 16$257K$84K
LiabilitiesLn 26$0$0
Net assetsLn 32$257K$84K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$219K$219K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$144$144
Office expensesLn 13$399$399
Other expenses (24a–d)Ln 24$31K$31K
Total functional expensesLn 25$254K$249K$4K$399

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $831$55K 990 PDF
FY2024 $137$58K 990 PDF
FY2023 Viewing $80K$254K−$173K$84K 990 PDF
FY2022 $262K$5K$257K$257K 990 PDF
FY2021 $297K$416K−$119K$32 990 PDF
FY2020 $120K$119K 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 FY2023 990 (6 parts)
Part I · Summary $80,436 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $261,638$80,350
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $16$86
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $261,654$80,436
I-13 Grants and similar amounts paidPrior year $0$218,740
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 $4,775$34,938
I-18 Total expensesPrior year $4,775$253,678
I-19 Revenue less expensesPrior year $256,879−$173,242
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $80,436 across 4 lines filed
VIII-1f All other contributions, gifts and grants$80,350
VIII-1h Total contributions, gifts and grants$80,350
VIII-3 Investment incomeRelated to mission $86$86
VIII-12 Total revenueRelated to mission $86 · Unrelated business $0 · Excluded from tax $0$80,436
Part IX · Statement of functional expenses $253,678 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $218,740$218,740
IX-11c Accounting feesManagement $3,750$3,750
IX-11g Other fees for servicesManagement $144$144
IX-13 Office expensesFundraising $399$399
IX-24 Other expenses (24a–d)Programs $30,645$30,645
IX-25 Total functional expensesPrograms $249,385 · Management $3,894 · Fundraising $399$253,678
Part X · Balance sheet $83,669 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $256,911$83,669
X-16 Total assetsStart of year $256,911$83,669
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $12,981$11,124
X-28 Net assets with donor restrictionsStart of year $243,930$72,545
X-32 Total net assets or fund balancesStart of year $256,911$83,669
X-33 Total liabilities and net assetsStart of year $256,911$83,669
Part XI · Reconciliation of net assets $83,669 net assets at year end
XI-1 Total revenue$80,436
XI-2 Total expenses$253,678
XI-3 Revenue less expenses−$173,242
XI-4 Net assets at start of year$256,911
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$83,669

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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