The Gloucester Fund Inc logo

The Gloucester Fund Inc

Public charity · Grantmaker Gloucester, MA EIN: 04-3521016 Website

The organization's mission is to promote civic, cultural, educational, athletic and benevolent purposes or activities in benefit of the citizens of gloucester, Massachusetts. Its motto is "partnering with the community to benefit the community".

Key facts about The Gloucester Fund Inc

In short: The Gloucester Fund Inc reported $4K in grants paid in 2024 (a total; its filing lists no individual grants). Source: 2024 IRS Form 990.

EIN
04-3521016
Latest 990 filing
Form 990, 2024
Grants paid (2024)
$3,500 — reported as a total on the IRS filing, without an itemized list
Total assets
$332,330

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$332K

+1.8% YoY

Grants Paid (reported total)

$4K

+133.3% YoY

Revenue

$210K

+11.3% YoY

Net Investment Income

$838

+4.8% YoY

About The Gloucester Fund Inc

Based on IRS filings

The Gloucester Fund Inc is a public charity, based in Gloucester, MA. IRS filing data is available from 2018 through 2024. As of 2024, the organization holds $332K in total assets. In 2024, it reported $4K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $838.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Cities

Gloucester

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K4 grants2018 0 grants2020 0 grants2021 2 grants2022 Total only2023 Total only2024

From 2018 to 2024, annual grant giving ranged from $2K (2023) to $37K (2018). In 2024 it reported $4K in grants paid, as a total without an itemized list.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

2 grants across all recorded years

2<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 2 grants of 2 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$100K$200K$300K$400K2018 2020 2021 2022 2023 2024
Metric202420232022
Total Assets$332,330$326,518$302,279
Revenue$209,678$188,469$220,205
Expenses$178,867$164,230$143,463
Net Investment Income$838$800$515

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2018 (received by the IRS August 10, 2020)
  2. Updated Form 990 for fiscal year 2022 (received by the IRS November 16, 2023)
  3. Updated Form 990 for fiscal year 2023 (received by the IRS November 19, 2024)
  4. Updated Form 990 for fiscal year 2024 (received by the IRS November 19, 2025)
  5. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Gloucester Fund Inc is led by Barrett S. Pett, President & Director on every filing since 2018; none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Barrett S. Pett

    President & Director

    On filings since 2018

    20 hrs/week

    $2K (2018) → $0 (2024)

  • Brent A. Tarr

    Treasurer & Director

    On filings since 2018

    5 hrs/week

    No compensation reported

  • Eugene P. Mondello Jr.

    Director

    On filings since 2018

    No compensation reported

  • Frances Mondello

    Clerk & Director

    On filings since 2018

    No compensation reported

Former officers (3)
  • Former: Frank Baker (2018–2022) — Director
  • Former: Tj Healy (2018–2022) — Director
  • Former: Kenneth Taliadoros (2018) — Director

Data from IRS Form 990 filings, 2018–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2021 IRS filing

Barrett S Pett — President & Director: $500Barrett S PettPresident & Director$500

The highest reported compensation on the 2021 filing was $500, to Barrett S Pett (President & Director).

Frequently asked questions about The Gloucester Fund Inc

How much does The Gloucester Fund Inc give each year?

The Gloucester Fund Inc reported $4K in grants paid in 2024 on its 2024 IRS Form 990, as a total without an itemized list of grants. In 2023 it reported $2K in grants paid.

How large is The Gloucester Fund Inc?

The Gloucester Fund Inc reported $332K in total assets on its 2024 IRS Form 990. Its revenue that year was $210K.

Where does The Gloucester Fund Inc operate?

The Gloucester Fund Inc has awarded grants in Massachusetts.

What is The Gloucester Fund Inc's EIN?

The Gloucester Fund Inc's EIN (Employer Identification Number) is 04-3521016. IRS Form 990 filing data is available on this page for 2018–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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