SOUTH SHORE CHARTER EDUCATIONAL FOUNDATION INC

EIN: 030528760 501(c)(3) Education

NORWELL, MA

Total Revenue
$669,649
Total Expenses
$273,001
Total Assets
$12,593,173
Net Assets
$1,955,661
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MA
Principal Officer
ERIC GREENE
Phone
7819824202
Tax Period
2024-07-01 to 2025-06-30

SOUTH SHORE CHARTER EDUCATIONAL FOUNDATION INC, founded in 2004, is a small nonprofit in the Education sector that reported $670K in total revenue in fiscal year 2024. The organization ran a surplus of $397K, a strong 59% operating margin.

Mission

TO RAISE FUNDS AND SUPPORT THE FUNCTIONS OF THE SOUTH SHORE CHARTER PUBLIC SCHOOL(THE SCHOOL), AND TO OWN AND MAINTAIN THE FACILITY AT WHICH THE SCHOOL IS LOCATED.

Program Service Accomplishments

Program 1
Expenses: $268,238 Revenue: $624,230

TO RAISE FUNDS FOR SOUTH SHORE CHARTER PUBLIC SCHOOL AND OWN AND MAINTAIN THE SITE AT WHICH SOUTH SHORE CHARTER PUBLIC SCHOOL IS LOCATED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $45,246
Program Service Revenue $624,230
Investment Income $173
Other Revenue $0
TOTAL REVENUE $669,649

Expense Breakdown

Grants Paid $18,563
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $268,238
Other Expenses $254,438
TOTAL EXPENSES $273,001

Year-over-Year Comparison

2024 2023 Change
Revenue $669,649 $657,898 +0.0%
Expenses $273,001 $274,745 0.0%
Net Income $396,648 $383,153 +0.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
N/A
Volunteers
75

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$205,843
Total Directors
10
$205,843
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICIA SAVAGE PRESIDENT 0.10
Officer Director
$0 $980 $205,843
JULIA SILZER VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
STEVEN GILMAN CLERK 0.10
Officer Director
$0 $0 $0
ERIC GREENE TREASURER 0.10
Officer Director
$0 $0 $0
JACQUELINE LEACH DIRECTOR 0.10
Director
$0 $0 $0
JOSEPHINE LOUGHNANE DIRECTOR 0.10
Director
$0 $0 $0
FRANK S POSLUSZNY JR DIRECTOR 0.10
Director
$0 $0 $0
JOANNE REGAN DIRECTOR 0.10
Director
$0 $0 $0
CHRISTINE BODNAR DIRECTOR 0.10
Director
$0 $0 $0
EDWIN RIVERA DIRECTOR 0.10
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $669,649 $273,001 $12,593,173 $396,648
2024 $657,898 $274,745 $12,810,127 $383,153
2023 $663,716 $310,455 $12,978,965 $353,261
2022 $634,199 $302,325 $13,152,999 $331,874
2021 $666,668 $311,629 $13,395,998 $355,039
2020 $657,762 $359,906 $13,526,250 $297,856
2019 $579,941 $409,012 $4,638,620 $170,929
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