Westport Education Foundation Inc
- Assets
- $159.2k
- Revenue
- $35.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Westport, MA
- Founding
- Data as of
- 06/2022
- EIN
- 84-2989332
Organization Overview
Westport Education Foundation Inc is located in Westport, MA. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westport Education Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Westport Education Foundation Inc generated $35.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $21.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WESTPORT EDUCATION FOUNDATIONS EXEMPT PURPOSE IS CHARITABLE ANDEDUCATIONAL. SPECIFICALLY, WEF WORKS TO ADVANCE EDUCATION THROUGH ITSGRANT-MAKING PROGRAM IN SUPPORT OF PROJECTS CONDUCTED IN WESTPORT SCHOOLS.
Describe the Organization's Program Activity:
WEFS PRIMARY ACTIVITY IN FURTHERANCE OF ITS EXEMPT PURPOSE IS ITS GRANTMAKING PROGRAM. GRANTS ARE MADE TO COMBINATIONS OF PARENTS, STUDENTS, FACULTY, ADMINISTRATION, AND COMMUNITY GROUPS WHO PROPOSE PROJECTS THAT PROMOTE OR DEMONSTRATE ONE OR MORE OF THE FOLLOWING GOALS: LEARNING INITIATIVES BEYOND THE STANDARD CURRICULUM; RESEARCH-BASED EDUCATION INNOVATION AND RELATED PROFESSIONAL DEVELOPMENT; PILOT PROJECTS THAT HAVE A POSITIVE, TRANSFORMING IMPACT; COMMUNITY/SCHOOL COLLABORATION PROJECTS; ENGAGING AND CHALLENGING ENRICHMENT PROJECTS; SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATHEMATICS INTERDISCIPLINARY PROJECTS; NEW APPROACHES TO CITIZENSHIP/DEMOCRACY EDUCATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Bonnar President | OfficerTrustee | 0 | $0 |
Tanya Quinlan Treasurer | OfficerTrustee | 0 | $0 |
Cheryl Carvalho Secretary | OfficerTrustee | 0 | $0 |
Tracy Priesner Director | Trustee | 0 | $0 |
Gina Palmer Director | Trustee | 0 | $0 |
Raymond Shaw Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,375 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,415 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,790 |
| Total Program Service Revenue | $0 |
| Investment income | $814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,611 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,296 |
| Office expenses | $1,687 |
| Information technology | $854 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $525 |
| All other expenses | $0 |
| Total functional expenses | $21,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,440 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $95,801 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $159,241 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $104,347 |
| Net assets with donor restrictions | $54,894 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $159,241 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Westport Education Foundation Inc has recieved totaling $93,032.
| Awarding Organization | Amount |
|---|---|
Southcoast Community Foundation Inc New Bedford, MA PURPOSE: TRANSFER BALANCE AND RETIRE FUND(2) | $93,032 |
Endowment Analysis
| Beg. Balance | $34,611 |
| Ending Balance | $34,611 |
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|---|---|---|
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Hunter College Elementary School Parent Teacher Association Inc New York, NY | $1,255,502 | $580,301 |
The Lower Lab School Parent Teachers Association Inc New York, NY | $743,672 | $980,994 |