2012-08-14T12:26:54-05:00 2011-12-31 043577120 Riley & Associates PC PO Box 157 Newburyport MA 019500157 990 2011-01-01 043583906 Newburyport Education Foundation NEWB 9784623136 PO Box 1002 Newburyport MA 019506002 Wendy Gus 9784623136 2012-08-14 1 Karen Hodge CPA P00441947 9784639350 2012-08-14 2011 2016-02-24 21:20:13Z Wendy Gus PO Box 1002 Newburyport MA 019506002 326318 0 X www.newburyportEF.org X 2000 MA The Newburyport Education Foundation Inc. was established in 2001 by a group of parents, teachers, business leaders and concerned citizens whose goal was to bring philanthropy to the Newburyport Public Schools and to enhance educational opportunities for the city's public school children. The goal of the Foundation is to supplement funding for programs which are already supported by public financing at a basic level, but which can be substantially improved by additional private sector financing, and to finance programs that might not receive funding from traditional sources such as the district budget or state aid. 25 25 2 100 0 0 134268 168126 0 0 8630 7715 109619 113473 252517 289314 19459 34005 0 0 26566 33937 0 0 9453 183256 269636 229281 337578 23236 -48264 660715 592738 2318 526 658397 592212 X The mission of the Newburyport Education Foundation is to bring philanthropy into the Newburyport Public Schools and generate financial resources that will enhance the quality of public education. The Foundation was formed to enhance educational opportunities for the city's public school children; the goal to supplement funding for programs which are already supported by public ffinancing at a basic level, but which can be substantially improved by additional private sector financing, and to finance programs that might not receive funding from traditional sources such as the district budget of state aid. 0 0 99243 Newburyport Education Foundation continues the mission to enable regular replacement and upgrade of technology resources, as well as build toward meeting state technology benchmarks for all schools. Two projects fall into this category in 2011:1)A robust wireless system was installed in the high school and technology is in use like never before. To complete this project, wireless will be installed at the Nock Middle School in 2012. 2)A new writing lab was installed in the high school, with 30 student workstations, a teacher workstation, and software to replace aging and broken equipment. 68952 The Newburyport Education Foundation has raised funds to enhance and update the World Language Lab at the Newburyport High School. An interactive language lab allows students to hear native speakers, practice their conversation skills, take foreign language AP exams and more. This new lab will engage students with lessons that incorporate audio, video, pictures, text and web resources as it builds the skills our global leaders of tomorrow will need. 37600 The Newburyport Education Foundation Inc. has raised funds to support a three year membership in a Virtual High School (VHS). This non-profit, national collaboration of high schools allows students to access a wide variety of courses online. Courses are taught by certified high school teachers across the country, and student progress is monitored locally. This program will enrich Newburyport High School students with a variety of for credit course offerings that are difficult for a small school to offer. Newburyport High School will be able to choose from 241 courses and 28 Advanced Placement courses offered to enable Newburyport High School to be competitive with other schools. 40000 The NEF-funded Literacy Closets helped the schools teach literacy in exciting ways with their new Comprehensive Literacy Program. It plans to further support the new program by building classroom libraries and enhancing reading materials in grades K-8. 37685 The Education Business Coalition strives to maintain strong links and ongoing collaboration between our community's businesses and our schools educators. These collaborations support and enrich our schools curricular objectives through activities such as development and funding of business partnership grants, internships, classroom speaking engagements, involvement in school projects/events, company site visits, and more. 6449 The Newburyport Education Foundation continues to support the Science Speaker Series to create opportunities for teachers to bring additional resources into their classrooms. In addition, the Foundation has raised funds to support purchases for the High School Library. 84134 289929 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 2 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X Wendy Gus 9784630405 141 Old Point Rd Newburyport MA 01950 X Mark Wright 0.00 X X 0 0 0 John Elwell 0.00 X X 0 0 0 Wendy Gus 0.00 X X 0 0 0 Cindy Johnson 0.00 X X 0 0 0 Bill Heenehan 0.00 X 0 0 0 Eric Pflaum 0.00 X 0 0 0 BlakeLee Greene 0.00 X 0 0 0 Zach Longley 0.00 X 0 0 0 Martha Trail 0.00 X 0 0 0 David Kipp 0.00 X 0 0 0 Jennifer Grinnings 0.00 X 0 0 0 Graciela Cummins 0.00 X 0 0 0 Kristina Davis 0.00 X 0 0 0 Jeffrey Gray 0.00 X 0 0 0 Kathy Hordon 0.00 X 0 0 0 Tracey Hurst 0.00 X 0 0 0 Jay Iannini 0.00 X 0 0 0 Dr Marc Kerble 0.00 X 0 0 0 Meghan Kinsey 0.00 X 0 0 0 Kellie Nieves 0.00 X 0 0 0 Ray Nippes 0.00 X 0 0 0 Sherri Gray 0.00 X 0 0 0 Beth Simkins 0.00 X 0 0 0 Stephanie Weaver 0.00 X 0 0 0 Jody Fraser 0.00 X 0 0 0 0 0 0 0 0 0 0 0 168126 168126 7715 7715 132153 30183 101970 101970 18324 6821 11503 11503 289314 19218 0 101970 X 34005 34005 33937 3680 24206 6051 3105 3105 7516 4114 3402 833 833 Wireless Technology 74992 74992 World Language Lab 68952 68952 Literacy 40000 40000 Virtual High School 37600 37600 36638 30700 5938 337578 289929 38196 9453 295925 136800 60000 90000 9988 3032 1000 1000 293802 361906 660715 592738 2318 526 2318 526 X 542793 506057 115604 86155 658397 592212 660715 592738 X -48264 -17921 X X 0 1 1 X 0 X 667696 282692 67841 134268 168124 1320621 40372 79678 70724 109619 150477 450870 708068 362370 138565 243887 318601 1771491 0 0 0 1771491 14517 11424 8940 8630 7715 51226 14517 11424 8940 8630 7715 51226 722585 373794 147505 252517 326316 1822717 0.97190 0.97480 0.02810 0.02520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Investments 361906 F 361906 289314 337578 -48264 -17921 -17921 -66185 308397 -17921 37004 19083 289314 0 289314 374582 37004 37004 337578 0 337578 Description of Uncertain Tax Positions Under FIN 48: Part X: The Foundation has adopted FASB ASC 740 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment. The Foundation evaluates all significant tax positions as required by generally accepted accounting principles in the United States. As of December 31, 2010, the Foundation does not believe that it has taken any tax positions that would require the recording of any additional tax liability. The Foundations tax returns are subject to examination by taxing authorities generally for three years after they were filed. Part XI, Line 8 - Other Adjustments: Change in asset value Direct Fundraising Expenses in the amount of $37,004 is deducted from gross fundraising income on the Statement of Revenue in Part VIII on the 990. This amount is not included in gross income on the audited financial statements. This amount of $37,004 is included in expenses per the auditied financial statements but not included in Part IX Statement of Functional Expenses on the 990. Lighthouse Auction 65885 65885 695 1291 4259 Golf Tournament 30080 30080 12202 1905 2 36188 36188 9831 132153 132153 12897 1291 15995 30183 101970 18324 3000 175 3646 1 1.00000 18324 3000 175 3646 6821 11503 MA 0 The Newburyport Education Foundation is a 501(c)3 organization that holds an annual Texas Hold'Em Poker Tournament. It contracts with Boston Charity Casinos to run the event. 0 0 0 0.00000 1.00000 Wendy Gus PO Box 1002 Newburyport MA 01950 0 0 0 Newburyport Public Schools 70 Low Street Newburyport MA 01950 046001403 52000 Technology Club Program ($10k); Book Bag Program ($2k) and Literacy Program ($40k). 1 Classroom assistance in the Newburport Public Schools upon teacher's request for grant. 11 19028 Form 990, Part VI, Section B, line 11 A copy of the 990 is provided to the governing board for review prior to its filing. Form 990, Part VI, Section B, line 12c If an issue is to be decided by the Board that involves potential conflict of interest for a Board Member, it is the responsiblility of the Board Member to : Identify the potential conflict of interest; not participate in discussion of the program or motion being considered; and not vote on the issue. Form 990, Part VI, Section C, line 19 The Organization makes its annual reports and financial statements available to the public on its website. In addition, all governing documents, policies and financial statements are available upon request. All Other Functional Expenses Form 990, Part X, line 24e Writing Lab: Program service expenses 24,251. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,251. Science Speaker Series: Program service expenses 4,800. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,800. Printing and Mailing: Program service expenses 0. Management and general expenses 2,844. Fundraising expenses 0. Total expenses 2,844. Credit Card Fees: Program service expenses 0. Management and general expenses 2,698. Fundraising expenses 0. Total expenses 2,698. High School Library: Program service expenses 1,649. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,649. Telephone: Program service expenses 0. Management and general expenses 256. Fundraising expenses 0. Total expenses 256. State Filing Fees: Program service expenses 0. Management and general expenses 140. Fundraising expenses 0. Total expenses 140. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -17,921. Change in asset value Total to Form 990, Part XI, Line 5: -17,921. The Board of Directors is responsible for the oversight of the audit and the selection of the independent auditor. The Foundation has not changed the process from the prior year.