NonprofitsChelsea Education Foundation Inc

Education

Chelsea Education Foundation Inc

CHELSEA, MA

Total revenue

$135K

Total expenses

$136K

Net assets

$9K

Grants received

$143K

10 grants

EIN

412240509

Tax year

2024

Mission

The general purpose of the Chelsea Education Foundation is to support Chelsea Public Schools. Activities include afterschool and enrichment programs, adult literacy programs, college readiness and savings programs and teacher recognition.

Programs

2 programs

Chelsea Inversant College Savings Program - Chelsea Education Foundation serves as the fiscal agent for Chelsea Inversant, a savings program that, in partnership with the nonprofit Inversant, Inc., challenges families of Chelsea Public Schools' students to save up to $1500 for college expenses that are matched, dollar for dollar, from donations made to Chelsea Education Foundation for Chelsea Inversant. 17 students were enrolled in Chelsea Inversant as of December 2024. Chelsea Inversant promotes college readiness and family engagement by encouraging savings and engaging parents through financial aid workshops, outreach, and other activities. Chelsea Education Foundation provided 10 scholarships totaling $5,637.07 in 2024. In the summer of 2022, Inversant announced that it would no longer be offering its scholarship program and was merged into its sister organization, La Vida Scholars. Students at the high school will now be directed to apply to the La Vida Scholars Program. The 17 students that remain in the Inversant program will continue with CEF involvement and be supported under the terms and conditions of the Inversant program. Students enrolled in the Inversant program, but who have not yet graduated will be provided support from La Vida and Chelsea Public Schools.

Expenses: $6K

Intergenerational Literacy Program (ILP) - Chelsea Education Foundation serves as the fiscal agent for the ILP, a Chelsea Public Schools instructional program that serves adult learners seeking English acquisition skills and a high school credential. ILP provides literacy instruction with the goals of strengthening English language and literacy skills, encouraging home literacy, and promoting the literacy and academic success of the children of adult learners. The ILP runs day and evening instructional sessions throughout the year. In 2024, the ILP served 389 adults and 57 children. Its major funders were the Anna B. Stearns Foundation ($15,000) and the A.C. Ratshesky Foundation ($15.000). The program also receives direct support from Chelsea Public Schools as well as an Adult Basic Education grant from the Commonwealth of Massachusetts awarded to Chelsea Public Schools.

Expenses: $30KGrants: $30K

Financials

FY 2024

Revenue

Contributions & grants$131K
Program service revenue
Investment income$5K
Other revenue
Total revenue$135K

Expenses

Grants paid$136K
Salaries & benefits
Fundraising
Other expenses$334
Total expenses$136K
Total assets$116K
Net assets$9K

People

6 listed

NameRoleCompensation

Almi G Abeyta

President and Director

Board

0.75 hrs/wk

Daniel Mojica

Director

Board

0.1 hrs/wk

Gerald McCue

Assistant Treasurer

Board

1.5 hrs/wk

Patrick Monkiewicz

Treasurer and Director

Board

0.4 hrs/wk

Roseann Bongiovani

Secretary and Director

Board

0.2 hrs/wk

Patricia Simboli

Director

Board

0.1 hrs/wk

Grants received

Showing 10 of 10

FromAmountPurposeYear
$18K
QUALITY EDUCATION
2024
$15K
PROGRAM SUPPORT
2024
$2K
CHARITABLE
2024
$15K
PROGRAM SUPPORT
2023
$18K
JOB TRAINING & PLACE
2022
$15K
PROGRAM SUPPORT
2022
$15K
PROGRAM SUPPORT
2021
$15K
PROGRAM SUPPORT
2020
$15K
PROGRAM SUPPORT
2019
$15K
PROGRAM SUPPORT
2018

Funded by

$143K from 4 funders · 10 grants · 2018–2024

Ac Ratshesky Foundation

$105K · 7 grants · 2018–2024

Tides Center

$18K · 1 grant · 2024

Metro North Regional Employment

$18K · 1 grant · 2022

Merit Foundation

$2K · 1 grant · 2024

Details

EIN412240509
NTEE codeB112
Subsection03
Ruling date2007-08
Formed2007
Employees0
Volunteers3
CHELSEA EDUCATION FOUNDATION INC — Mission, Financials & Grants Received | Grantivo