2011-10-17T09:03:05-05:00 2010-12-31 Riley & Associates PC PO Box 157 Newburyport MA 019500157 990 2010-01-01 043583906 Newburyport Education Foundation NEWB 9784623136 PO Box 1002 Newburyport MA 019506002 Wendy Gus 9784623136 2011-10-11 1 Karen Hodge CPA 9784639350 2011-10-11 2010 2016-03-07 17:11:31Z Wendy Gus PO Box 1002 Newburyport MA 019506002 289854 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 1 0 0 0 67841 134268 0 0 8940 8630 70724 109619 147505 252517 0 19459 0 0 7210 26566 2460 0 6284 148918 183256 158588 229281 -11083 23236 603057 660715 1155 2318 601902 658397 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 133264 Newburport Education Foundation continues the quest, started in their first campaign, to enable regular replacement and upgrade of technology resources, as well as build toward meeting state technology benchmarks for all schools. Three separate projects fall into this category: 1)Visual Literacy which will update software and equipment for digital and film photography at the high school level; 2) Assessment Technologies which will enable teachers to get more immediate feedback about student progress at the middle and high school levels; and 3) Technology for Science which will replace aged laptops in the high schools shared science labs to enable the continued use of state-of-the-art software applications. 37456 16000 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 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 (approximately 760 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 teh 241 courses and 28 Advanced Placement courses offered to enable Newburyport High School to be competitive with other schools. 19459 44108 The NEF 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. 1000 The NEF provided additional funding to the high school library. 1000 191179 1 1 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 1 0 1 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 X X 0 0 0 John Elwell X X 0 0 0 Wendy Gus X X 0 0 0 Cindy Johnson X X 0 0 0 Sue Christ X 0 0 0 Marlen Clark X 0 0 0 BlakeLee Greene X 0 0 0 Zach Longley X 0 0 0 Peter de Maranville X 0 0 0 David Kipp X 0 0 0 Jennifer Grinnings X 0 0 0 Graciela Cummins X 0 0 0 Kristina Davis X 0 0 0 Jeffrey Gray X 0 0 0 Kathy Hordon X 0 0 0 Tracey Hurst X 0 0 0 Jay Iannini X 0 0 0 Marc Kerble X 0 0 0 Meghan Kinsey X 0 0 0 Kellie Nieves X 0 0 0 Ray Nippes X 0 0 0 Meredith Sanborn X 0 0 0 Beth Simkins X 0 0 0 Stephanie Weaver X 0 0 0 Jody Fraser X 0 0 0 0 0 0 0 0 0 0 0 134268 134268 8630 8630 146956 37337 109619 109619 252517 0 0 118249 10108 10108 9351 9351 26566 21253 5313 2590 2590 1860 889 971 1285 1285 Technology 113683 113683 Virtual High School 37456 37456 Photo Labs 10973 10973 Assessment Technology 6832 6832 Printing and Mailing 3554 3554 5023 2776 2247 229281 191179 31818 6284 252756 295925 70000 60000 22573 9988 1000 257728 293802 603057 660715 1155 2318 1155 2318 X 509171 542793 92731 115604 601902 658397 603057 660715 X 23236 33259 X 0 1 0 X 0 X 731744 667696 282692 67841 134268 1884241 46941 40372 79678 70724 109619 347334 778685 708068 362370 138565 243887 2231575 0 0 0 2231575 14283 14517 11424 8940 8630 57794 14283 14517 11424 8940 8630 57794 792968 722585 373794 147505 252517 2289369 0.97480 0.97380 0.02520 0.02620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Investments 293802 F 293802 252517 229281 23236 33259 33259 56495 327913 33259 4800 37337 75396 252517 0 252517 271418 4800 37337 42137 229281 0 229281 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. Direct Fundraising Expenses in the amount of $37,337is 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 $37,337 is included in expenses per the auditied financial statements but not included in Part IX Statement of Functional Expenses on the 990. Lighthouse Auction 46557 46557 475 1566 7334 Golf Tournament 39292 39292 2002 18273 576 2 60907 60907 739 415 5957 146756 146756 2002 19487 1981 13867 37337 109419 Wendy Gus PO Box 1002 Newburyport MA 01950 0 Newburyport Public Schools 70 Low Street Newburyport MA 01950 10000 Technology Club Program 1 0 Classroom assistance in the Newburport Public Schools upon teacher's request for grant. 8 9351 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 33,259.