The Colleen E. Ritzer Memorial Fund fosters a society of compassion with kindness at its foundation. Renowned for her kindness, zeal for life and teaching, the organization emulates colleen's compassion and kindness with future teachers and students through scholarships, education, school safety and all other programs with kindness and education at their core.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
5 of 5
filings with a surplus
Average surplus $414K a year · 81% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
99 mo
of spending, in cash
Plus $1.1M in investments, Pt X · Ln 11–13
Looks good: 99.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $2K
Fine: 2 funders name 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
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$240K
-15% vs prior year
Spent
$121K
To programs
76%
Net assets
$2.1M
By yearFY2021–FY2025
Revenue
$240K
FY2025▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.2M
FY2022$186K
FY2023$611K
FY2024$283K
FY2025$240K
Expenses
$121K
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2021$68K
FY2022$88K
FY2023$104K
FY2024$114K
FY2025$121K
Net assets
$2.1M
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.2M
FY2022$1.1M
FY2023$1.7M
FY2024$2.0M
FY2025$2.1M

From the FY2025 Form 990 (year ending September 2025) · see the original

Give Claim

Is it real?

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

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $92K Management & general 24% · $29K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
V.p. and Clerk
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Colleen E Ritzer Memorial Fund 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 15aYes

Programs and updates

Fosters compassion and kindness through scholarships, grants, and educational programs.

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Provided by the organization

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1 program · $92K · in their own filed words · FY2024
01

The organization holds an annual 5k, the step up for colleen 5k. In addition in conjunction with the 5k flowers are sold to raise funds. The proceeds are used to provide college scholarships to graduating andover and danvers high school students who will either be pursuing a degree in education to be a teacher or students who had an…

$92Kprogram 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
Grants paid · 3 grants · $239K · 2021–2024
Unitemized GrantFY2024$88,000
Unitemized GrantFY2023$82,500
Unitemized GrantFY2021$68,409

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$240K
Ln 12
Gifts and grantsLn 1h$134K
Investment incomeLn 3$95K
Other incomeLn 4–11$11K
Money outPt IX
$121K
Ln 25
Programscol B$92K
Managementcol C$29K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$998K
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$134K
Fundraising eventsLn 1c$86K
Investment incomeLn 3$95K
Other incomeLn 4–11$11K
Gains on assetsLn 7$25K
Total revenueLn 12$240K
Assets in detailPt X, end of year
CashLn 1$998K
Cash and savings togetherLn 1–2$998K
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$636
Other assetsLn 15$0
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.1M$998K
InvestmentsLn 11–13$853K$1.1M
Land, buildings, equipmentLn 10c$1K$636
Total assetsLn 16$2.0M$2.1M
LiabilitiesLn 26$295$0
Net assetsLn 32$2.0M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K$4K
Grants to domestic individualsLn 2$88K$88K
Accounting feesLn 11c$5K$5K
Office expensesLn 13$3K$3K
InterestLn 20$73$73
Depreciation, depletion and amortizationLn 22$453$453
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$19K$19K
All other expensesLn 24e$509$509
Total functional expensesLn 25$121K$92K$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $240K$121K$119K$2.1M 990 PDF
FY2024 $283K$114K$169K$2.0M 990 PDF
FY2023 $611K$104K$507K$1.7M 990 PDF
FY2022 $186K$88K$98K$1.1M 990 PDF
FY2021 $1.2M$68K$1.2M$1.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $240,076 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $146,472$133,535
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $80,083$95,127
I-11 Other revenuePrior year $56,937$11,414
I-12 Total revenuePrior year $283,492$240,076
I-13 Grants and similar amounts paidPrior year $83,107$91,606
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 $30,951$29,128
I-18 Total expensesPrior year $114,058$120,734
I-19 Revenue less expensesPrior year $169,434$119,342
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $240,076 across 7 lines filed
Lines not itemized here account for $2,899 of total revenue; see the IRS return.
VIII-1c Fundraising events$85,859
VIII-1f All other contributions, gifts and grants$47,676
VIII-1h Total contributions, gifts and grants$133,535
VIII-3 Investment incomeExcluded from tax $69,716$69,716
VIII-7 Net gain or loss on sales of assetsRelated to mission $25,411$25,411
VIII-8 Net income from fundraising eventsExcluded from tax $8,515$8,515
VIII-12 Total revenueRelated to mission $28,310 · Unrelated business $0 · Excluded from tax $78,231$240,076
Part IX · Statement of functional expenses $120,734 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $3,606$3,606
IX-2 Grants to domestic individualsPrograms $88,000$88,000
IX-11c Accounting feesManagement $5,000$5,000
IX-13 Office expensesManagement $2,974$2,974
IX-20 InterestManagement $73$73
IX-22 Depreciation, depletion and amortizationManagement $453$453
IX-23 InsuranceManagement $1,448$1,448
IX-24 Other expenses (24a–d)Management $18,671$18,671
IX-24e All other expensesManagement $509$509
IX-25 Total functional expensesPrograms $91,606 · Management $29,128 · Fundraising $0$120,734
Part X · Balance sheet $2,104,242 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,095,281$997,757
X-4 Accounts receivableStart of year $5,000$0
X-10c Land, buildings and equipment, netStart of year $1,088$636
X-11 Publicly traded securitiesStart of year $852,961$1,105,849
X-15 Other assetsStart of year $295$0
X-16 Total assetsStart of year $1,954,625$2,104,242
X-17 Accounts payable and accrued expensesStart of year $295$0
X-26 Total liabilitiesStart of year $295$0
X-27 Net assets without donor restrictionsStart of year $1,371,358$1,609,270
X-28 Net assets with donor restrictionsStart of year $582,972$494,972
X-32 Total net assets or fund balancesStart of year $1,954,330$2,104,242
X-33 Total liabilities and net assetsStart of year $1,954,625$2,104,242
Part XI · Reconciliation of net assets $2,104,242 net assets at year end
XI-1 Total revenue$240,076
XI-2 Total expenses$120,734
XI-3 Revenue less expenses$119,342
XI-4 Net assets at start of year$1,954,330
XI-5 Net unrealized gains (losses) on investments$30,570
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,104,242

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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