The Gloucester Fund Inc
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".
The Gloucester Fund Inc at a glance
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.
- Grants paid (2024)
- $3,500 — reported as a total on the IRS filing, without an itemized list
- +133.3% vs 2023
- Total assets
- $332,330
- +1.8% vs 2023
- Revenue (2024)
- $209,678
- +11.3% vs 2023
- Net investment income (2024)
- $838
- +4.8% vs 2023
- Expenses (2024)
- $178,867
- +8.9% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026.
Who The Gloucester Fund Inc funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
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.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Gloucester Gloucester, MA | Preservation of Public Land (Dogtown Common) | $6,530 |
| City of Gloucester Gloucester, MA | Support of Veterans (Vietnam War Memorial Relocation) | $5,001 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $332,330 | $209,678 | $178,867 | $3,500 | Total only | $838 |
| 2023 | $326,518 | $188,469 | $164,230 | $1,500 | Total only | $800 |
| 2022 | $302,279 | $220,205 | $143,463 | $11,531 | 2 | $515 |
| 2021 | $205,037 | $260,407 | $193,917 | — | — | $364 |
| 2020 | $138,547 | $104,110 | $101,879 | — | — | — |
| 2018 | $243,709 | $317,572 | $183,045 | $36,526 | 4 | $414 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
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.
Focus Areas
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
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 October 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2018 (received by the IRS August 10, 2020)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 16, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 19, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 19, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Gloucester Fund Inc funds
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