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Gloucester Education Foundation

 PO Box 1104
 Gloucester, MA 01931
[P] (978) 282-5550
[F] --
Christina Raimo
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 Printable Profile (Summary / Full)
EIN 57-1224669

LAST UPDATED: 03/06/2019
Organization DBA --
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years Yes



Mission StatementMORE »

The Gloucester Education Foundation drives innovation, encourages creativity, expands student opportunities and empowers educators to strengthen teaching and learning in the Gloucester Public School District.

Mission Statement

The Gloucester Education Foundation drives innovation, encourages creativity, expands student opportunities and empowers educators to strengthen teaching and learning in the Gloucester Public School District.

FinancialsMORE »

Fiscal Year Apr 01, 2017 to Mar 31, 2018
Projected Income $260,000.00
Projected Expense $250,000.00

ProgramsMORE »

  • Arts in the Schools
  • Literacy and Language
  • Other Educational Initiatives
  • Science, Technology, Engineering and Mathematics (STEM)

Revenue vs. Expense ($000s)

Expense Breakdown 2017 (%)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Mission Statement

The Gloucester Education Foundation drives innovation, encourages creativity, expands student opportunities and empowers educators to strengthen teaching and learning in the Gloucester Public School District.

Background Statement

The Gloucester Education Foundation was begun in 2006 by a group of parents seeking to bring significant change to the Gloucester Public Schools and make Gloucester one of the best districts in the state.  To this end, GEF has focused on providing support for innovative programs to stimulate student curiosity and love for learning, as well as providing bridge support to the District schools for continuing essential programs in the face of budget cutbacks and challenges.  To date, GEF has raised more than $7 million and has brought hundreds of new programs into the Gloucester Public School District, including the following:
  • The Sea Inititative, a $1.3 million multi-year effort that helped the GPSD significantly improve its teaching in science, technology, engineering and mathematics (STEM) and funded a number of innovative programs throughout the District.  Among these were the Birdseye Hammond STEM Center at the O'Maley Innovation Middle School, which is the locus of all teaching activities in science and technology; the Summer Engineering Adventure, which each year brought 40 students to MIT for an exploration of various programs and laboratories; the hiring of a District-wide curriculum coordinator in STEM; and the installation of a working wind turbine atop the O'Maley School that transmits data used in science, geography and math classes. Subsequent funding brought about a 3-D print lab into the O'Maley science curriculum and allow the school to implement a wet lab for the study of life science.
  • Arts programming, including art textbooks, equipment and materials at all levels; funding of after-school music instruction at the elementary and middle schools; funding for enhancements for school theater; renovation of the Music Room at O'Maley Innovation Middle School; establishment of a 21st century digital photography program, including the purchase of new cameras and an iMac lab for photo editing and graphic design at Gloucester High School; implementation of a visiting artist program District-wide, and a District-wide Arts Festival.
  • Enrichment activities--ballroom dance for fifth-graders; after-school programs at the middle school; programs in social dance and physical theater; programs in social emotional learning
  • Technology--The implementation of academic programs in robotics, now part of the high school physics curriculum, and computer science; 3-D printing technology at the high school and O'Maley; new creation lab at Gloucester High School for video production and editing; equipment for training students in solar  and wind energy; technology for early elementary literacy at East Gloucester School; iPad and movie-making technology for the drama classrooms at O'Maley; new equipment for robotics and physics at Gloucester High, and a new high school program in computer science.

Impact Statement

Accomplishments:  1.) The Gloucester Education Foundation completed completed the first full year of its capital campaign to increase its endowment and develop an Impact Fund for future programming; endowment has increased to $1.1 million. 2.) GEF provided more  than $100,000 in support for a variety of programs at all of Gloucester's seven schools in art, music, science and social emotional learning. 3.) GEF secured several large grants for major upgrades for equipment in robotics and physics at Gloucester High School. 4.) The O'Maley BioLab opened and launched a major project in aquaponics for the study of life systems. 5.) A new grant-funded program examining gender issues in science was launched at GLoucester High School.
Goals:  1.) Secure additional commitment for GEF capital campaign and increase endowment to $2.5 million by 2021; 2.) Secure funding for completion of new engineering makerspace at Gloucester High School 3.) Secure funding for upgrades to GHS auditorium and performance arts programs. 4.) Successfully effect leadership transition as current Executive Director Retires in Decemeber 2019.

Needs Statement

1.) Funds to complete Makerspace ($50,000) and Auditorium ($100,000) at Gloucester High School
2.) Increased annual operating funds, above and beyond programs funding, by $50,000 per year.
3.) Increased organizational endowment level from $1.1 million to $2.5 million by 2021.
4.) Develop Impact Fund of $500,000 - $750,000 for future programs.

CEO Statement

 I joined the Gloucester Education Foundation in June of 2012 as GEF’s first paid and full-time Executive Director. That this position was even available is remarkable. Gloucester is not a wealthy or large community, and like many surrounding local education foundations, GEF had been operating on volunteer manpower alone. But the leadership of GEF recognized the need to build upon their early success and, with the help of a generous donor, acted upon their firm commitment to bring GEF to the next level of growth. I am deeply honored that the Board chose me to wear this mantle.

One of the first activities I undertook upon my arrival was to meet with our Board members, past and present, and many of our supporters and educators, to learn what people were thinking about GEF. One thing came through loud and clear: GEF is making an enormous difference in the educational experiences that the children in the Gloucester Public School District have, and we are a valued and important part of the fabric of this community.

The sheer number of enriching programs and activities that GEF has funded is impressive, and the scope of some of the key initiatives is downright astonishing. Every elementary student today in Gloucester has the opportunity to study string instruments, learn from real-world theater professionals while working on their school plays, participate in Math Olympiads, take part in fun summer programs while maintaining their literacy skills, and even learn ballroom dancing! In middle school, Gloucester children learn science and technology in a state-of-the-art STEM center (connected to a functioning wind turbine on top of their school), participate in after-school music instruction, and take part in an array of enriching programs out of school through the O'Maley Academy.   Gloucester High School students can avail themselves of instruction in ceramics or digital photography, learn high-level physics by working with robots, use 3-D printers to learn about engineering and design, study chemistry using state of the art sensor equipment, master the use of CAD software in vocational education programs, study computer science, learn about solar and wind energy installation, and explore video design and editing in a new "creation lab" in the school's library/learning commons.  All because of GEF.

The tangible benefits Gloucester students receive, plus the sheer drive and determination of our dedicated Board, is a source of pride and extreme gratification to me personally. Helping children gain an education is one of the most important undertakings in life.


Board Chair Statement

I grew up in Gloucester and attended Beeman Memorial, Central Grammar and Gloucester High Schools.  the Gloucester Public Schools prepared me well for college--so well, in fact, that I graduated at the top  of my class.
After graduation, I moved to the South for forty years.  I taught junior and senior high school in Tennessee and North Carolina and then directed fundraising  programs at the University of North Carolina at Chapel Hill for 25 years. 
Upon retirement, I returned home to Gloucester, and I knew I wanted to get involved in the community.  But, I also thought that I wanted  to take a break from a focus on fundraising.  However, I soon realized that fundraising and management experience were what I could offer to a nonprofit.  Education has always been important to me, and the Gloucester Education Foundation mirrors my commitment to education. The Foundation has accomplished so much in just ten years.
My motivation and my goal is to help provide a modern version of the educational opportunities I had so many years  ago--a joyous learning environment, dedicated teachers, a curriculum that prepares for the modern working world and opportunities for exploration - academic, athletic and social.  I am grateful to be  able to be involved with the Gloucester Education Foundation and with the dedicated donors  and volunteers who are motivated to provide resources to offer he very best to all of our students. 

Geographic Area Served


The Gloucester Education Foundation supports the seven schools within the Gloucester Public School District in the City of Gloucester exclusively.

Organization Categories

  1. Education - Elementary & Secondary Schools
  2. Philanthropy,Voluntarism & Grantmaking Foundations - Fund Raising & Fund Distribution
  3. -

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)



Arts in the Schools

In the face of ongoing economic challenges, programs in the arts are often the first to suffer.  Support from GEF provides enrichment in the arts, including after-school music in the elementary and middle schools; ballroom dance for all fifth-graders, culminating in the popular Mad Hot Ball every spring; support for professional drama coaches for school productions;  funding of art supplies at all levels; digital cameras and a new iMac editing lab for the high school photography program; collaboration with the Cape Ann Museum on the Arts History of Cape Ann, curriculum;  an annual District-wide Arts Festival, celebrating and showcasing the work that GPSD students create throughout the year, and a visiting artist program, Artistic Bridges.  GEF also funded the JamHub silent Music studio,  helping students at the Beeman Elementary School learn about music composition and is providing support for the O'Maley music room and theater. More recently, GEF funded the establishment of a  new Printmaking Studio at Gloucester High School, which will be operational  by September of 2019.
Budget  $50,000.00
Category  Education, General/Other Extracurricular Arts & Culture
Population Served K-12 (5-19 years)
Program Short-Term Success 

In the short-term, we see the addition of new enrichment programs in the arts and an increase in student participation in ongoing and new initiatives as measures of the success of our support. We also view the willingness by the District to accept GEF support for arts initiatives, and to ultimately integrate those funded initiatives internally, as an indicator of success.


Program Long-Term Success   Continued access to a variety of arts experiences is a key indicator of the long-term success of GEF’s work in supporting arts education. In our ideal view, there will be more variety in the exposure of students to various forms of the arts and increased integration of offerings from K through 12.
Program Success Monitored By 
GEF routinely requests follow-up reports on its programs and seeks student and teacher feedback for most of its funded programs.  We also have regular discussions with District leadership regarding the impact our funded arts programs are having and monitor enrollment rates in our arts programs. 
Examples of Program Success   The GPSD has been receptive to GEF arts initiatives and has internally integrated some of these.  The District-wide Arts Festival, which was once managed and funded largely by GEF, is now budgeted for annually by the Distict and is overseen by a team of District arts teachers. The Art History of Cape Ann project has continued, and we expect this to be integrated into the arts curriculum at the high school.  Next year, the District will also be assuming responsibility for some of the stipends for the high school music program directors, which are currently funded by GEF.  Just recently, the District has been collaborating with GEF on developing a new visiting artist series for the 2013-14 academic year, which will impact every student in grades K through 12.  GEF's support of the O'Maley Music program has helped increase the number of students who are now pursuing music as an elective at the school and participating in three performance groups.


Literacy and Language

GEF's literacy programs are focused  at the elementary and middle school levels.  GEF has been funding an elementary summer literacy programs focused on maintaining student learning and reading proficiency during the critical summer months.  GEF in the past  partnered with local family foundations to help support the expansion of the Bay State Reading Initiative  (BSRI), an intensive coaching program in literacy for teachers and principals that stresses the use of data to improve students' reading skills. This year, GEF provided funding to support a technology pilot program aimed at provide literacy support to children in grades K-1 at one of Gloucester's elementary schools, as well as a second pilot program to incorporate the use of literature into the Second Step social emotional  learning program at a second school.   At the middle school, GEF supported a pilot program that brought a part-time curriculum coordinator to work with teachers across grade levels to improve student writing.  GEF also supported Word Generation at O'Maley, an all-school program aimed at increasing students' facility with academic vocabulary.
Budget  $10,000.00
Category  Education, General/Other Literacy
Population Served K-12 (5-19 years)
Program Short-Term Success 
In the short-term, teachers should be better prepared to teach language arts and improve student performance in classroom work and in their reading skills.
Program Long-Term Success 
In the long-term, our funded efforts should have an impact on student performance on statewide assessment in English/ELA and reading exams. 
Program Success Monitored By 
Program success is monitored by test scores and reports from teachers on student improvements in reading and language arts skills.  We continue to seek follow-up evaluations from teachers and the District.
Examples of Program Success 
GEF's recent summer literacy programs are too  new to fully understand their impact, but efforts are underway by the District to track and evaluate student progress.

Other Educational Initiatives

In addition to our major program areas, GEF each year funds other programs that help preserve ongoing District initiatives or bring resources that is beyond the District's scope to provide.  Examples include the addition of Soundfields amplification systems in every kindergarten, first-grade and second-grade classroom; specially adapted bicycles for students in special education, helping them increase balance and strengthening their self-confidence and independence and support for ongoing programs--from glassware for high school chemistry to repairs for science equipment in the elementary school classrooms. And, while funded by the federal government, 21st Century Community Learning Center dollars have been introduced to Gloucester for the through the collaborative efforts of GEF and the District, and one 21st CCLC site, the O'Maley Innovation Middle School, has been distinguished as an Exemplary Program site.  Additionally, new resources in STEM totaling more than $175,000 have been brought into the Gloucester schools through a grant-writing collaboration that resulted in three separate grant  from the Massachusetts Life Sciences Center.
Budget  $20,000.00
Category  Education, General/Other
Population Served K-12 (5-19 years)
Program Short-Term Success 
We view programs as successful in the short ter if the follow-up report indicates that the initative was implemented by the school, an appropriate number of students were involved in, enjoyed and benefittedfrom the program; and there is interest in the program continuing.
Program Long-Term Success 
This varies by the initative, but integration by the District is a consistent indicator that our funded initatives have had impact and are successful.
Program Success Monitored By 
Numbers of students involved, anecdotal reports from students and teachers, formal follow-up reports that indicate the project objectives have been met.
Examples of Program Success 
Again, this is highly variable, because GEF funds so many types of projects in the schools.  One recent example, however, is the grant-writing collaborations between GEF and the District.  Three years ago, this resulted in a three-year grant that establish O'Maley Academy, an after-school and summer program at Gloucester's only middle school.  The program was so successful that the state awarded a second three-year round of funding for the program, citing O'Maley as an "exemplary" program site.

Science, Technology, Engineering and Mathematics (STEM)

The Sea Initiative, described earlier in the section relating to GEF’s background, enabled the GPSD to improve its science and math curricula and implemented a number of innovations, including the STEM Center at the O’Maley Innovation Middle School,and an extensive collaboration with MIT. More recently, GEF introduced 3-D printing technology into the curricula at Gloucester High School and O'Maley, and provided funding and volunteer support that resulted in a new robotics program at Gloucester High school, which is now part of the school-day curriculum.  GEF  also  funded a new high school computer science program, the addition of a wet lab at the middle school, and a broad program in teacher training in technology at the high school. GEF has also provided curriculum and state-of-the art technology resources to the high school program for Advanced Placement and Honors Chemistry and training equipment for students in the electrical technology program to study solar and wind energy.  In 2018, GEF supported  the second year of a program on climate change, in collaboration with the Mass Audubon Society; major upgrades to the high school program in robotics and physics; and a new initiative examining  gender issues in STEM at the high school.  GEF also supported a new Summer STEAM Camp for elementary students, as well as the new BioLab at O'Maley Innovation Middle School.
Budget  $200,000.00
Category  Education, General/Other Educational Programs
Population Served K-12 (5-19 years)
Program Short-Term Success 
We see as a leading measure of success the rate at which the District adopts programs and internalizes them into the ongoing curriculum.  While our organization does not have the direct responsibility of educating Gloucester's students, we view their improvement and enthusiasm in areas that GEF has supported as an indication that our programs have had some impact.
Program Long-Term Success 
Our goal is to provide robust support in the STEM disciplines to the Gloucester Public School District so that it can offer a well-rounded and exciting program in these discipines and provide future career options to students in these areas.
Program Success Monitored By 
Evaluation of program impact as reported by teachers and students;
interest in repeat programs as indicated by growth in enrollment;
feedback from District.
Examples of Program Success 
Several of the STEM programs initiated by GEF have been taken into the District as part of its ongoing operations budget:  the salary of the STEM coordinator; the Birdseye-Hammond STEM Center at the middle school and the robotics program, which is now part of the high school physics curriculum.
Anecdotally, the STEM coordinator has reported improvement in grades and enthusiasm for science by students who attend GEF-sponsored extracurricular programs in STEM, including the summer MIT program.  
GEF support has contributed to the development of two new laboratories--a new BioLab for t he study of life sciences at O'Maley, and a state-of-the-art Biotechnology Laboratory at Gloucester High School. 

CEO/Executive Director/Board Comments

As a funding organization, GEF does not operate its own programs but partners with the District to implement enrichment and support for Gloucester's public school students.  As such, what we focus on can very from year to year, depending on District needs and priorities.  For example, GEF in the last two years provided support to the District that has enabled it to complete a broad technology assessment and start to implement critical staff education at the High School that is bringing the use of technology into teaching practice.  GEF funding provided the capability of the District to establish a new high school program in  computer science, a new high school 3-D printer laboratory,  new BioLab at the middle school, and a new lab in Biotechnology at Gloucester High School.
From a programs perspective, a key challenge has been to ensure that the work of our organization is aligned with the capacity of the school district to accept and internalize new initiatives.  We address this through close collaborations with the District leadership, including monthly meetings to discuss ongoing priorities and areas of concern.
As is the case with many small organizations, GEF's other key challenge is the need to create sustainability for itself. Over the past year, we have begin to address this in several specific ways:
 1.) We have aggressively recruited new board members who have helped us institute a Board planning process.  
 2.) We have implemented a Board succession process and Board terms.
 3.)  We have hired a part-time office assistant to free the Executive Director's time so that she may focus more on fund development; and
4.)  We have refocused our efforts on increasing the organization's Endowment fund. 


CEO/Executive Director Ms. Christina M. Raimo
CEO Term Start June 2012
CEO Email
CEO Experience
Christina M. Raimo is a nonprofit management professional with more than 35 years' experience in educational, health and human service organizations.  Prior to joining GEF in 2012, she was Executive Director of the New England office of Learning Ally (formerly Recording for the Blind & Dyslexic), a national nonprofit that provides services to children with reading disabilities.  Prior to that, she was Director of Development for Project Bread-the Walk for Hunger and Assistant Director of Development with the Schepens Eye Research Institute, a Harvard-affiliated opthalmic research organization,  Earlier in her career, Ms. Raimo held a number of positions in communcations with Boston area nonprofit institutions, including Holy Family Hospital in Methuen, Charles River Hospital in Wellesley and Laboure College in Boston.
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
Dr. Maggie D. Rosa 2008 Jan

Senior Staff

Name Title Experience/Biography
-- -- --


Award Awarding Organization Year
-- -- --


Affiliation Year
-- --
Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --


Gloucester Public School District, Maritime Gloucester, Cape Ann Museum, Cape Ann Chamber of Commerce, Seaside Sustainability.

CEO/Executive Director/Board Comments


Foundation Comments


Staff Information

Number of Full Time Staff 1
Number of Part Time Staff 1
Number of Volunteers 50
Number of Contract Staff 1
Staff Retention Rate % 100%

Staff Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 3
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 3
Male: 0
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? No
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 3
Management Succession Plan No
Business Continuity of Operations Plan No
Organization Policies And Procedures Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy Yes
State Charitable Solicitations Permit Yes
State Registration Yes

Risk Management Provisions

Commercial General Insurance
Commercial General Liability

Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency N/A N/A
Non Management Formal Evaluation and Frequency Yes Annually


Board Chair Dr. Joseph Calomo
Board Chair Company Affiliation Comprehensive Pharmacy Services
Board Chair Term Apr 2018 - Mar 2020
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Mr. John B. Bjorlie Bjorlie Law Offices Voting
Ms. Marie Cahoon Cunningham & Cunningham Voting
Mr. Joseph Calomo Comprehensive Pharmacy Services Voting
Ms. Kathleen Clancy Gloucester School Committee NonVoting
Ms. Kathleen Costa Community Volunteer Voting
Ms. Sarah Grow The Open Door Voting
Ms. Serena Low Beauport Financial Services Voting
Dr. Christine McGrath Massachusetts Association of School Superintendents Voting
Mr. Dean Murray Cape Ann Saving Bank Voting
Ms. Grace Numerosi Lahey Health Voting
Ms. Anna O'Connor Retired Voting
Ms. Kathleen Purdy Cape Ann Savings Bank Voting
Ms. Christina M. Raimo Gloucester Education Foundation Exofficio
Dr. Joseph Rosa Retired Voting
Mr. John Sarrouf Public Conversations Project Voting
Ms. June Steel Gloucester High School alumna Voting
Dr. Jochem Struppe Bruker Biospin Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
Ms. Jennifer Goulart Amero self-employed NonVoting
Mr. Jim Barker Retired NonVoting
Ms. Jan Bell Community Volunteer NonVoting
Mr. John Byrnes Retired NonVoting
Ms. Kathleen Clancy Gloucester School Committee NonVoting
Ms. Kathleen Costa Community Volunteer/Parent NonVoting
Mr. Martin DelVecchio Community Volunteer NonVoting
Mr. Jim Destino Destino's NonVoting
Mr. Peter Dolan Community Volunteer NonVoting
Mr. John Doyle Philbott & Doyle NonVoting
Ms. Mary Kay Dyer Community Volunteer NonVoting
Mr. Robert Gillis Cape Ann Savings Bank NonVoting
Ms. Val Gilman Community Volunteer NonVoting
Dr. Robert Jedrey Retired NonVoting
Mr. Fred Johnson Retired NonVoting
Mr. Eric Kreilick Action, Inc. NonVoting
Ms. Marietta Lynch Retired NonVoting
Mr. David Marsh Community Volunteer NonVoting
Ms. Aria McElhenny Community Volunteer/Parent NonVoting
Mr. Paul McGeary Retired NonVoting
Ms. Erin McKay Parent NonVoting
Ms. Kristen Michel Parent Voting
Ms. Beth Morris Community Volunteer NonVoting
Ms. Stevie Neal Retired NonVoting
Ms. Beebe Nelson Author NonVoting
Ms. Liisa Nogelo-Kerr Broad Institute NonVoting
Ms. Grace Numerosi Addison Gilbert Hospital NonVoting
Ms. Ruth Pino Re/Max NonVoting
Ms. Ellen Preston Retired --
Mr. David Rhinelander Retired NonVoting
Mr. Val Somers Community Volunteer NonVoting
Ms. Leora Ulrich R.N. Gloucester Public School District NonVoting
Mr. Richard Weiss Retired NonVoting
Mr. Dick Wilson Retired NonVoting
Mr. Sal Zerilli BioVid Corporation NonVoting

Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 15
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 9
Male: 6
Not Specified 0

Board Information

Board Term Lengths 3
Board Term Limits 2
Board Meeting Attendance % 75%
Written Board Selection Criteria No
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions 28%
Constituency Includes Client Representation Yes

Standing Committees

  • Advisory Board / Advisory Council
  • Capital Campaign
  • Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
  • Endowment
  • Executive
  • Finance
  • Governance and Nominating
  • Marketing
  • Personnel
  • Program / Program Planning

CEO/Executive Director/Board Comments

GEF continues to transition from a start-up  all-volunteer organization to a staff-managed organization led by an Executive Director who is now assisted by a part-time (16 hours/week) administrative staffer.  GEF's challenges and opportunities are the same: to build organizational sustainability, which includes developing the Board into an accountable group that sets policy, delegates authority appropriately to staff and assumes responsibility for the financial health of the organization.  We have made significant strides in moving toward a new type of board through the introduction of Board term limits, which ensures a continual  flow of "new blood" onto the Board; the establishment of a succession structure; and the implementation of a Board plan that will be monitored and reviewed quarterly and for which individual Board members have assumed responsibility.  This is gradually moving the Board towards one that sets its own goals and that will hold itself accountable for meeting those goals.

Foundation Comments



Revenue vs. Expense ($000s)

Expense Breakdown 2017 (%)

Expense Breakdown 2016 (%)

Expense Breakdown 2015 (%)

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2017 2016 2015
Total Revenue $728,297 $385,021 $565,766
Total Expenses $693,650 $574,933 $340,780

Prior Three Years Revenue Sources

Fiscal Year 2017 2016 2015
Foundation and
Corporation Contributions
-- -- --
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $564,264 $387,453 $562,727
Indirect Public Support -- -- --
Earned Revenue -- -- --
Investment Income, Net of Losses $22,658 $-2,432 $3,039
Membership Dues -- -- --
Special Events $141,375 -- --
Revenue In-Kind -- -- --
Other -- -- --

Prior Three Years Expense Allocations

Fiscal Year 2017 2016 2015
Program Expense $567,421 $497,842 $276,115
Administration Expense $44,962 $30,865 $25,962
Fundraising Expense $81,267 $46,226 $38,703
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.05 0.67 1.66
Program Expense/Total Expenses 82% 87% 81%
Fundraising Expense/Contributed Revenue 12% 12% 7%

Prior Three Years Assets and Liabilities

Fiscal Year 2017 2016 2015
Total Assets $504,113 $460,490 $649,964
Current Assets $313,447 $309,188 $522,093
Long-Term Liabilities $0 $0 $0
Current Liabilities $9,414 $438 $0
Total Net Assets $494,699 $460,052 $649,964

Prior Three Years Top Three Funding Sources

Fiscal Year 2017 2016 2015
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value $629,890.00
Spending Policy Percentage
Percentage(If selected) 5.0%
Credit Line No
Reserve Fund Yes
How many months does reserve cover? 3.00

Capital Campaign

Are you currently in a Capital Campaign? Yes
Capital Campaign Purpose To increase endowment and seed a fund for new large-scale programs
Campaign Goal $30,000,000.00
Capital Campaign Dates Apr 2017 - Dec 2020
Capital Campaign Raised-to-Date Amount $1,245,000.00
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2017 2016 2015
Current Ratio: Current Assets/Current Liabilities 33.30 705.91 inf

Long Term Solvency

Fiscal Year 2017 2016 2015
Long-term Liabilities/Total Assets 0% 0% 0%

CEO/Executive Director/Board Comments

  • The Gloucester Education Foundation has in most years not been required to conduct formal audits, as our revenues have been below the mandated threshhold. We have had financial review, which is included here.
  • GEF's endowment policy dictates that we may withdraw 5% of the principal annually, if we so choose, and more in extenuating circumstances with full Board approval.  We anticipate within the next year launching a multi-year endowment campaign to increase the size of our endowment to between $1 million and $1.5 million.

Foundation Comments

Financial summary data in the charts and graphs above is per the organization's IRS Form 990s.  Contributions from foundations and corporations are listed under individuals when the breakout was not available.
In fiscal year 2010 the organization changed its fiscal year; therefore, the financial document posted above for fiscal year 2010 covers January 1st, 2010 through March 31st, 2010.


The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.

1. What is your organization aiming to accomplish?


2. What are your strategies for making this happen?


3. What are your organization’s capabilities for doing this?


4. How will your organization know if you are making progress?


5. What have and haven’t you accomplished so far?