Gloucester Celebration Corporation Co Robert J Gillis Jr
Nonprofit profile at a glance
- EIN
- 043396270
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Gloucester, MA, USA
- Phone
- 9782908739
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Centers to Support the Independence of Specific Populations
Reported finances
- Revenue
- $140,981
- Expenses
- $207,739
- Assets
- $148,475
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- BRUCE H TOBEY-TO 42024 (President)
- ROBERT J GILLISJR-AS OF 424 (President)
- ISABEL PETT- AS OF 102024 (Vice President)
People named in this filing
- BRUCE H TOBEY-TO 42024 (President)
- ROBERT J GILLISJR-AS OF 424 (President)
- RUTH PINO (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the Organization is to advance, preserve, and celebrate the history and rich culture of Gloucester, Massachusetts through educational programs, activities, and commemorative events.
What it reported doing in 2024
Fiscal sponsor for city celebration of gloucester preservation project
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 70% for direct work, and 30% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 95
- Sustainability: 22
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.6%; rating input score 96
- Program expense ratio: 64.8%; rating input score 65
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 3rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -47.4%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.71; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 18.3% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: -25.7% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 95.6% of revenue deployed · 64.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $135K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.