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Medford Educational Foundation

 9 Playstead Road, East Cambridge Savings Bank, c/o Shruti Saraf, Manager
 Medford, MA 02155
[P] (781) 395-2482
[F] --
http://www.medfordedfund.org
[email protected]
Ann Frenning Kossuth
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INCORPORATED: 2015
 Printable Profile (Summary / Full)
EIN 47-2355953

LAST UPDATED: 03/01/2017
Organization DBA --
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

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Mission StatementMORE »

The Medford Educational Foundation is a non-profit foundation committed to supporting innovation and excellence in the Medford Public Schools. Our goal is to enhance educational opportunities for all Medford students by investing in classroom enrichment and professional
development to support innovative teaching.

Mission Statement

The Medford Educational Foundation is a non-profit foundation committed to supporting innovation and excellence in the Medford Public Schools. Our goal is to enhance educational opportunities for all Medford students by investing in classroom enrichment and professional
development to support innovative teaching.

FinancialsMORE »

Fiscal Year Jan 01, 2015 to Dec 31, 2016
Projected Income $5,000.00
Projected Expense $5,000.00

ProgramsMORE »

  • Funds to Faculty

Revenue vs. Expense ($000s)

Expense Breakdown 2016 (%)

Expense Breakdown (%)

No data available

Expense Breakdown (%)

No data available

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


Overview

Mission Statement

The Medford Educational Foundation is a non-profit foundation committed to supporting innovation and excellence in the Medford Public Schools. Our goal is to enhance educational opportunities for all Medford students by investing in classroom enrichment and professional
development to support innovative teaching.

Background Statement

An earlier iteration of Medford Educational Foundation actually existed 20 years ago, but then it went defunct and was closed by the state due to inactivity.  In 2014 Medford School Committee representative Paulette Van der Kloot and community organizer Ann Frenning Kossuth got together to bring it back.  Based on extensive research and meetings with other local education foundations, including Dan Fenn of the Lexington Education Foundation, an organizational structure, by-laws, and board were gradually assembled.  Over time, the group became incorporated, and its first successful fund-raising efforts took place.  Working with the superintendent of schools, notices of the fund's existence were circulated among faculty at the start of the academic year -- and their first grant applications were made.  These were judged by a set rubric (generously provided to us by the Melrose Educational Foundation) in focused "Grant to Faculty Committee" meetings.  We are proud to have funded 11 grants to faculty in our first round, 6 the second, and 12 in our latest round.  These range from poetry, music and arts for elementary-school-aged English Language Arts students to funding the "Design, Construction and Implementation of an Aquaponics Farm" for the new Environmental Sciences Department at Medford Voc-Tech High School.  Medford Educational Foundation provides an opportunity to attract and retain top teaching talent in our public schools by giving faculty the freedom to think outside the box and shine in their chosen profession.  At the same time, educators can address our community's particular needs (e.g. its large population of immigrants and refugees for whom English is not always spoken at home).  For example, one of our first grants, the Science Career Program (SCP), supports "a formerly volunteer-based mentoring program implemented in fall 2014 at Medford High School. SCP’s missions are to encourage English Language Learners (ELL) and Formerly Limited English Proficient (FLEP) high school students’ pursuits of a higher education and offer a view of various Science, Technology, Engineering and Mathematics (STEM) careers." The grantee, Ms. Dumbuya, coordinates monthly activities for ELL and FLEP students, which entail information sessions, workshops, panel discussions, one-on-one meetings, even visits to college campuses.  This type of meaningful programming for at-risk groups would not survive or flourish without MEF support.

Impact Statement

  1. Raised over $20,000 in less than one year to support the MEF mission.  This included a 5% Day partnership with Medford's Whole Foods Market and a direct donation from outgoing Medford Mayor McGlynn's school committee discretionary fund.
  2. Completed three rounds of funding to faculty from February 2016 to December 2016. Average number of grants: 7.  Average donation amount $500.
  3. Held two major community-wide fundraising events (9/2015 and 11/2016).  One was a beach party at Medford's own Wright's Pond: where education and fun events intermingled.  The other was an Ultimate Frisbee tourney that brought in nearly 100 competitors from around the Northeast.

Needs Statement

We need more volunteers interested in development outreach to local businesses. It would be helpful to have training on best practices on fundraising -- using not only online media but also traditional letter campaigns.  Although we work hard to stay in the press (see www.medfordedfund.org/about.html) there is always more we can do.  Stationary costs would run less than $200.  Mail merging could be donated.  We simply need to recruit 3-4 more volunteers in CY 2017 for development purposes.

CEO Statement

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Board Chair Statement

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Geographic Area Served

GREATER BOSTON REGION, MA
NORTHEAST REGION, MA
STATEWIDE
The Medford Educational Foundation serves the public school district of Medford, Massachusetts, located 5.7 miles north of Boston.

Organization Categories

  1. Education - Elementary & Secondary Schools
  2. Education - Funding Raising & Fund Distribution
  3. Education - Primary & Elementary Schools

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

No

Programs

Funds to Faculty

At least twice a year, the Medford Educational Foundation puts out a call for applications for funding of faculty initiatives.
Budget  $5,000.00
Category  Education, General/Other
Population Served Children and Youth (0 - 19 years)
Program Short-Term Success  Short-term success will be evidenced by improved name recognition for the Medford Educational Foundation, gifts to the MEF will increase by 10%, and faculty applications will increase by 10%.
Program Long-Term Success  Funded grant applications will result in improved delivery of teaching materials to students in the classroom, as their innovation will come directly from their teachers.  Over time the ranking of the Medford Public Schools will increase by 15%.
Program Success Monitored By  --
Examples of Program Success  The MEF has not been an entity long enough to have sustained tracking data on its first year's worth of grant donations.

CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Ms. Ann Frenning Kossuth
CEO Term Start July 2014
CEO Email [email protected]
CEO Experience https://www.linkedin.com/in/afrenning
Co-CEO Ms. Paulette Van der Kloot
Co-CEO Term Start Jan 2015
Co-CEO Email [email protected]
Co-CEO Experience http://medford.wickedlocal.com/article/20151018/news/151016851

Former CEOs and Terms

Name Start End
-- -- --

Senior Staff

Name Title Experience/Biography
-- -- --

Awards

Award Awarding Organization Year
-- -- --

Affiliations

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

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

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CEO/Executive Director/Board Comments

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Foundation Comments

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Staff Information

Number of Full Time Staff 0
Number of Part Time Staff 0
Number of Volunteers 12
Number of Contract Staff 0
Staff Retention Rate % 0%

Staff Demographics

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

Plans & Policies

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

Risk Management Provisions

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Reporting and Evaluations

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

Governance


Board Chair Ms. Ann Frenning Kossuth
Board Chair Company Affiliation President & Co-Founder, MEF
Board Chair Term Jan 2016 -
Board Co-Chair Ms. Paulette Van der Kloot
Board Co-Chair Company Affiliation Co-Founder, MEF
Board Co-Chair Term Jan 2016 -

Board Members

Name Company Affiliations Status
Ms. Gail Airasian Board member, MEF Voting
Mr. Brian Buck Vice President, MEF Voting
Mr. Chris D'Aveta Board member, MEF Voting
Ms. Ann Frenning Kossuth President & Co-Founder, MEF Voting
Mr. Steve Hayes Treasurer, MEF Voting
Mr. George James Kossuth III Clerk, MEF Voting
Ms. Paulette Van der Kloot Co-Founder, MEF Exofficio

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 7
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 3
Male: 4
Not Specified 0

Board Information

Board Term Lengths --
Board Term Limits --
Board Meeting Attendance % --
Written Board Selection Criteria Under Development
Written Conflict Of Interest Policy No
Percentage of Monetary Contributions 60%
Percentage of In-Kind Contributions --
Constituency Includes Client Representation No

Standing Committees

  • N/A

CEO/Executive Director/Board Comments

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Foundation Comments

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Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2016 (%)

Expense Breakdown (%)

No data available

Expense Breakdown (%)

No data available

Fiscal Year Jan 01, 2015 to Dec 31, 2016
Projected Income $5,000.00
Projected Expense $5,000.00
Form 990s

2016 Form 990

Audit Documents --
IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2016 -- --
Total Revenue $22,222 -- --
Total Expenses $4,824 -- --

Prior Three Years Revenue Sources

Fiscal Year 2016 -- --
Foundation and
Corporation Contributions
-- -- --
Government Contributions $0 -- --
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $22,214 -- --
Indirect Public Support -- -- --
Earned Revenue -- -- --
Investment Income, Net of Losses $8 -- --
Membership Dues -- -- --
Special Events -- -- --
Revenue In-Kind -- -- --
Other -- -- --

Prior Three Years Expense Allocations

Fiscal Year 2016 -- --
Program Expense $4,404 -- --
Administration Expense $420 -- --
Fundraising Expense -- -- --
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 4.61 -- --
Program Expense/Total Expenses 91% -- --
Fundraising Expense/Contributed Revenue 0% -- --

Prior Three Years Assets and Liabilities

Fiscal Year 2016 -- --
Total Assets $17,398 -- --
Current Assets $17,398 -- --
Long-Term Liabilities $0 -- --
Current Liabilities $0 -- --
Total Net Assets $17,398 -- --

Prior Three Years Top Three Funding Sources

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

Financial Planning

Endowment Value --
Spending Policy N/A
Percentage(If selected) --
Credit Line No
Reserve Fund No
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2016 -- --
Current Ratio: Current Assets/Current Liabilities -- -- --

Long Term Solvency

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

CEO/Executive Director/Board Comments

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Foundation Comments

This organization is newer and received its nonprofit status from the IRS in June 2015. As such, the financial data in the charts and graphs above is per the 990-EZ and covers May 8, 2015 - June 30, 2016. Additional data will be posted as it becomes available.

Impact

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?

We seek to provide an opportunity for faculty in the Medford Public Schools to create change in their classrooms and empower new ideas.  Ideally, we would want to see new work arise in direct connection to social issues faced in the community.  Already, we have funded a high school program called "MPOWER," a new program from the guidance department that reaches out to serve disadvantaged youth.

2. What are your strategies for making this happen?

The more publicity the MEF garners, the more events it hosts, the more funding we bring in, the more viable we become.  We are still new, our kick-off beach party was September 2015, but already we are well-known in the community.  In 2017 we need to develop our "Vision" statement so that social justice themes are included in our application materials.  We have the potential to not only improve the overall school system, but also tailor programs to meet our community's specific needs.

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

Some of our most important core assets are intangible, like our connections in the community, particularly with other similar organizations, like the Medford Community Coalition, Medford CACHE (Coalition for Arts, Culture, and a Healthy Economy), and others.  Working with others to grow the understanding of the MEF's ability to improve the public schools will invariably result in moving the mission forward.

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

Our organization will know we are making progress when demand for grant funding increases by over 10% a year, year on year. We will be making progress when we are recognized and cited in independent press articles, and city-wide acclaim to thank the MEF for its support in funding programs that would not have taken place otherwise.

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

Since 2015 the MEF has funded three rounds of grant funding each of which have averaged 10 applications at a time with a $600-$700 average payout to faculty. Work by faculty funded by the MEF has been cited in the press on several occasions, including "No soil, no problem: Medford fourth graders launch into hydroponics project" at http://medford.wickedlocal.com/article/20160414/NEWS/160418889 and "MHS Mantra Published" at http://www.mpsadvantage.education/2016/06/26/mhs-mantra-published-thanks-to-medford-educational-foundation/ to name just two examples. We have not yet accomplished our goals of city-wide name recognition (hard to gauge) but we are still relative new as an entity, and we are working hard to hold city-wide programs that have mass appeal. These have included our wildly successful Wright's Pond kick-off party in 2015 and our "Ultimate for the Children" Ultimate Frisbee fundraiser in 2016.