Better Business Bureau Report for
Newburyport Education Foundation

Better Business Bureau Report issued March 2009
Better Business Bureau Report expires March 2011


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Newburyport Education Foundation
Address: P.O. Box 1002
  Newburyport, MA 01950
Phone: 978-463-7893
Web Address: www.NewburyportEF.org
Back To Top

Better Business Bureau Comments

Year, State Incorporated: 2002, Massachusetts
Affiliates: None
Stated Purpose: "to bring philanthropy into the Newburyport Public Schools (NPS) and generate financial resources that will enhance the quality of public education."

Back To Top

Evaluation Conclusions

              

Newburyport Education Foundation meets the 20 Standards for Charity Accountability.
Back To Top

Programs

              

The NEF seeks to substantially improve NPS program funding by supplementing it with additional private sector donations and to finance programs that might not receive funding from traditional sources, such as the district budget or state aid. The Foundation is governed by a Board of Directors made up of members of the community working in concert with, but independent of, the NPS. The Board of Directors is accountable for designating how the funds are to be used.

For the fiscal year ended December 31, 2010, Newburyport Education Foundation's program expenses were:

  
Technology 124,656
Virtual High School 37,456
Business Coalition 19,459
Assessment Technology 6,832
Science Speaker Series 1,776
High School Library 1,000
Total Program Expenses: $191,179
Back To Top

Governance

              

Chief Executive : Marcia Samuelson, Director of Operations and Marketing
Compensation*: 
$21,000

Highest Paid Executive: Marcia Samuelson,Director of Operations and Marketing
Compensation*: $21,000

Chair of the Board: John Elwell
Chair's Profession / Business Affiliation: Education Consultant

Co-Chair of the Board : Jeff Gray

Chair's Profession / Business Affiliation: President Elect

Co-Chair of the Board : Cindy Johnson

Chair's Profession / Business Affiliation: Clerk

Board Size: 28

Paid Staff Size: 2

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, print advertisements, grant proposals, internet, planned giving arrangements, cause-related marketing, membership
Fund raising costs were 15% of related contributions. (Related contributions, which totaled $286,024, are donations received as a result of fund raising activities.)
Back To Top

Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
Back To Top

Financial

              

The following information is based on Newburyport Education Foundation's audited financial statements for the year ended December 31, 2007.

Source of Funds  
Events 128,105
Donations 97,105
Contributions from NEBC 44,108
Unrealized Gainon Investments 33,259
Interest income 8,630
Alumni Appeal 4,805
In Kind Donations 4,800
Naming Opportunities 3,600
Teacher Tributes 3,501
Total Income $327,913


chart



Uses of Funds as a % of Total Expenses

Programs: 71%  Fund Raising: 16%  Administrative: 13% 

Total income $327,913
Program expenses $191,179
Fund raising expenses 43,621
Administrative expenses 36,618
Total expenses $271,418
Income in Excess of Expenses 56,495
Beginning net assets 601,902
Ending net assets 658,397
Total liabilities 56,495
Total assets $714,892


Back To Top

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

Send to:



What is an Accredited Charity