Cape Ann Works

Tax-deductible

Rockport, MA501(c)(3)EmploymentEIN 99-3324118

Cape ann works is committed to driving positive change in cape ann's workforce. Our workforce development goals are centered on cultivating economic prosperity for individuals, businesses, and the wider community. To accomplish this, we create innovative programs, form strategic partnerships, provide essential tools to support success for individuals, businesses, and the community as a whole.

501(c)(3) charity; gifts are tax-deductible.
49¢ 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
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.6M
104% of total assets
Concern: liabilities are 104% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$850
Spent
$55K
To programs
49%
Net assets
−$56K

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2024.

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

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $27K Management & general 51% · $28K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cape Ann Works 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
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Develops workforce programs and partnerships to boost economic prosperity for individuals, businesses, and the community.

Provided by the organization

This section is blank until Cape Ann Works claims this page.

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1 program service account for $27K of program spending, described in the organization's own filed words · FY2024.
01

Cape ann works is committed to driving positive change in cape ann's workforce. Our workforce development goals are centered on cultivating economic prosperity for individuals, businesses, and the wider community.

$27Kprogram expense

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By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
−$850
Ln 12
Gifts and grantsLn 1h$361
Investment incomeLn 3$4
Money outPt IX
$55K
Ln 25
Programscol B$27K
Managementcol C$28K
Owns and owesPt X
−$56K
net assets · Ln 32
Cash and savingsLn 1–2$66K
Total assetsLn 16$1.6M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$361
Investment incomeLn 3$4
Total revenueLn 12−$850
Assets in detailPt X, end of year
CashLn 1$66K
SavingsLn 2$587
Cash and savings togetherLn 1–2$66K
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$1.6M
LiabilitiesLn 26$1.6M
Net assetsLn 32−$56K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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$66K
Land, buildings, equipmentLn 10c$0$1.5M
Total assetsLn 16$0$1.6M
LiabilitiesLn 26$0$1.6M
Net assetsLn 32$0−$56K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$2K$2K
Other fees for servicesLn 11g$15K$15K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$2K$2K
OccupancyLn 16$2K$2K
InterestLn 20$263$263
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$9K$8K$667
Total functional expensesLn 25$55K$27K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing −$850$55K−$56K−$56K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue −$850 across 4 lines filed
Lines not itemized here account for −$1,215 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$361
VIII-1h Total contributions, gifts and grants$361
VIII-3 Investment incomeExcluded from tax $4$4
VIII-12 Total revenueRelated to mission −$1,215 · Unrelated business $0 · Excluded from tax $4−$850
Part IX · Statement of functional expenses $54,753 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,699$1,699
IX-11g Other fees for servicesPrograms $15,000$15,000
IX-12 Advertising and promotionPrograms $1,834$1,834
IX-13 Office expensesManagement $1,599$1,599
IX-16 OccupancyManagement $2,452$2,452
IX-20 InterestManagement $263$263
IX-22 Depreciation, depletion and amortizationManagement $12,821$12,821
IX-23 InsuranceManagement $10,055$10,055
IX-24 Other expenses (24a–d)Programs $8,363 · Management $667$9,030
IX-25 Total functional expensesPrograms $26,896 · Management $27,857 · Fundraising $0$54,753
Part X · Balance sheet $1,577,700 assets, 7 lines filed
X-1 Cash, non-interest-bearing$65,514
X-2 Savings and temporary cash investments$587
X-10c Land, buildings and equipment, netStart of year $0$1,511,599
X-16 Total assetsStart of year $0$1,577,700
X-26 Total liabilitiesStart of year $0$1,633,303
X-32 Total net assets or fund balancesStart of year $0−$55,603
X-33 Total liabilities and net assetsStart of year $0$1,577,700
Part XI · Reconciliation of net assets −$55,603 net assets at year end
XI-1 Total revenue−$850
XI-2 Total expenses$54,753
XI-3 Revenue less expenses−$55,603
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$55,603

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

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