STRATEGY STUDIO / PUBLIC DATA EXPLORER

MILTON FOUNDATION FOR EDUCATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MILTON FOUNDATION FOR EDUCATION (EIN 04-3307338)
Tax period
2020-07-01 to 2021-06-30
Filed
2023-01-05
IRS object ID
202330129349301273
Schema version
2020v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-01-05T09:17:37-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN203758246PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1NEAL A PRICE & COMPANYBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1222 ROSEWOOD DRIVE 3RD FLOOR SUITAddressLine1Txt
CityDANVERSCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01923ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043307338EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MILTON FOUNDATION FOR EDUCATIONINCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMILTBusinessNameControlTxt
Phone6176967904PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 223AddressLine1Txt
CityMILTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02186ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPETER MCLOUGHLINPersonNm
Person TitleTREASURERPersonTitleTxt
Phone6176963632PhoneNum
Signature2022-10-21SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstPETERPersonFirstNm
Person LastMCLAUGHLINPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAUL D PRICE CPAPreparerPersonNm
PTINP00449819PTIN
Phone9788545656PhoneNum
Preparation2022-10-21PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2023-03-07 01:45:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerWILLIAM KORMANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line140 ELM STREETAddressLine1Txt
CityMILTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02186ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$219,646GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressMILTONFOUNDATIONFOREDUCATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1995FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTO RAISE FUNDS TO PROVIDE AID AND ADDITIONAL SUPPORT TO THE MILTON, MA PUBLIC SCHOOLSActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$44,419PYContributionsGrantsAmt
CY Contributions Grants$62,022CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$10,439PYInvestmentIncomeAmt
CY Investment Income$10,964CYInvestmentIncomeAmt
PY Other Revenue$62,824PYOtherRevenueAmt
CY Other Revenue$146,660CYOtherRevenueAmt
PY Total Revenue$117,682PYTotalRevenueAmt
CY Total Revenue$219,646CYTotalRevenueAmt
PY Grants And Similar Paid$173,839PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$68,622CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$37,451PYOtherExpensesAmt
CY Other Expenses$38,495CYOtherExpensesAmt
PY Total Expenses$211,290PYTotalExpensesAmt
CY Total Expenses$107,117CYTotalExpensesAmt
PY Revenues Less Expenses-$93,608PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$112,529CYRevenuesLessExpensesAmt
Total Assets BOY$622,444TotalAssetsBOYAmt
Total Assets EOY$732,775TotalAssetsEOYAmt
Total Liabilities BOY$106,743TotalLiabilitiesBOYAmt
Total Liabilities EOY$104,545TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$515,701NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$628,230NetAssetsOrFundBalancesEOYAmt
MissionTO RAISE FUNDS TO PROVIDE AID AND ADDITIONAL SUPPORT TO THE MILTON, MA PUBLIC SCHOOLSMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$84,534ExpenseAmt
Grant$68,622GrantAmt
DescTHE FOUNDATION ENHANCED THE QUALITY OF EDUCATIONAL OPPORTUNITIES WITHIN THE MILTON, MA PUBLIC SCHOOLS BY GENERATING AND DISTRIBUTING FINANCIAL GRANTS TO FACILITATE STUDENT DEVELOPMENT, ENCOURAGE EXCELLENSE THROUGH CREATIVE LEARNING, PROMOTE COMMUNITY-SCHOOL PARTNERSHIPS AND, BY RAISING AND DISTRIBUTING FUNDS TO THE SCHOOLS FOR THIS PURPOSE.Desc
Total Program Service Expenses$84,534TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonPETER MCLOUGHLINPersonNm
Phone6176967904PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 223AddressLine1Txt
CityMILTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02186ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
WILLIAM KORMAN
PRESIDENT5.00Yes (X)Yes (X)$0$0$0
PETER MCLOUGHLIN
TREASURER5.00Yes (X)Yes (X)$0$0$0
RAY SAMBRANO
SECRETARYYes (X)Yes (X)$0$0$0
ALLEN SCHWEITZER
TRUSTEEYes (X)$0$0$0
GERALDINE SUTTER
TRUSTEEYes (X)$0$0$0
KARYN VIVEIROS
TRUSTEEYes (X)$0$0$0
LARITA VIVEIROS
TRUSTEEYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$62,022AllOtherContributionsAmt
Total Contributions$62,022TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$10,964TotalRevenueColumnAmt
Related Or Exempt Func Income$10,964RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
UNREALIZED GAIN ON INVESTMENT$137,423$137,423
MISCELLANEOUS INCOME$9,237$9,237
FieldValueIRS element (for citing)
Other Revenue Total$146,660OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$219,646TotalRevenueColumnAmt
Related Or Exempt Func Income$157,624RelatedOrExemptFuncIncomeAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$68,622TotalAmt
Program Services$68,622ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$8,950TotalAmt
Management And General$8,950ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
TEACHER OF THE YEAR$6,569$6,569
INVESTMENT MANAGEMENT FEE$6,183$6,183
BANK FEES$5,456$5,456
ANNUAL APPEAL$3,754$3,754

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$7,583TotalAmt
Program Services$5,589ProgramServicesAmt
Management And General$1,994ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$107,117TotalAmt
Program Services$84,534ProgramServicesAmt
Management And General$22,583ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$9,905BOYAmt
EOY$10,485EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$612,539BOYAmt
EOY$722,290EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$622,444BOYAmt
EOY$732,775EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$106,743BOYAmt
EOY$104,545EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$106,743BOYAmt
EOY$104,545EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$515,701BOYAmt
EOY$628,230EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$515,701BOYAmt
EOY$628,230EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$622,444BOYAmt
EOY$732,775EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$112,529ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$17,719CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$36,804CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$29,532CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$44,419CurrentTaxYearMinus1YearAmt
Current Tax Year$62,022CurrentTaxYearAmt
Total$190,496TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year-$3,113CurrentTaxYearMinus1YearAmt
Current Tax Year$157,624CurrentTaxYearAmt
Total$154,511TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$204,100CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$130,946CurrentTaxYearMinus1YearAmt
Total$335,046TotalAmt

Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$222,536CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$170,386CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$204,387CurrentTaxYearMinus2YearsAmt
Total$597,309TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$240,255CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$207,190CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$438,019CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$172,252CurrentTaxYearMinus1YearAmt
Current Tax Year$219,646CurrentTaxYearAmt
Total$1,277,362TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$1,277,362PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,744CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11,649CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$34,165CurrentTaxYearMinus2YearsAmt
Total$55,558TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,744CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11,649CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$34,165CurrentTaxYearMinus2YearsAmt
Total$55,558TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$249,999CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$218,839CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$472,184CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$172,252CurrentTaxYearMinus1YearAmt
Current Tax Year$219,646CurrentTaxYearAmt
Total$1,332,920TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.95830PublicSupportCY509Pct
Public Support PY5090.95270PublicSupportPY509Pct
Investment Income CY0.04000InvestmentIncomeCYPct
Investment Income PY0.05000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (true)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt OrgfalseOperateBenefitNonSuprtOrgInd

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1MILTON PUBLIC SCHOOLSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Cash Grant$68,622CashGrantAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BFORM 990 IS GIVEN TO BOARD FOR REVIEW PRIOR TO FILING.
FORM 990, PAGE 6, PART VI, LINE 12CORGANIZATION MONITORS AND ENFORCES CONFLICT OF INTEREST POLICY
FORM 990, PAGE 6, PART VI, LINE 15ANO COMPENSATION IS PROVIDED
FORM 990, PAGE 6, PART VI, LINE 15BNO COMPENSATION
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC