Schooner Ernestina-morrissey Association is a 501(c)(3) organization based in Rochester, Massachusetts, registered in 2010, with $50,133 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$50K
▲ 225.5% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$51K
Net assets
$80K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Schooner Ernestina-morrissey Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Schooner Ernestina-morrissey Association: 19 mo reserves · -2% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Schooner Ernestina-morrissey Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Schooner Ernestina-morrissey Association: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $87K (FY2010) to $50K (FY2024) across 14 reported years.
Financial snapshot
Operating margin
-1.8%
Spent more than it raised in the latest fiscal year.
Total assets
$80K
Total liabilities
$0
Net assets
$80K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $50,133▲225% | $51,038▲138% | $80,484▼1.1% | $80,484▼11.3% | 990EZ |
| 2023 | $15,402▼97.4% | $21,418▼98.3% | $81,389▼6.9% | $90,689▼41.8% | 990EZ |
| 2022 | $586,649▼45.9% | $1,281,202▼31.2% | $87,405▼88.8% | $155,868▼80.2% | 990 |
| 2021 | $1,084,396▼47.8% | $1,862,128▲70.0% | $781,958▼49.9% | $789,040▼57.1% | 990 |
| 2020 | $2,079,138▲294% | $1,095,165▲195% | $1,559,690▲171% | $1,838,400▲219% | 990 |
| 2019 | $527,766▼30.0% | $371,558▼32.7% | $575,717▲37.0% | $575,717▲37.0% | 990 |
| 2018 | $754,007▲239% | $552,132▲210% | $420,122▲94.0% | $420,122▼9.0% | 990 |
| 2017 | $222,178▲121% | $178,376▲296% | $216,546▲25.6% | $461,861▲166% | 990 |
| 2016 | $100,650▲27.8% | $45,070▼66.4% | $172,459▲47.7% | $173,759▲48.8% | 990EZ |
| 2015 | $78,780▲28.0% | $134,276▲884% | $116,802▼32.3% | $116,802▼32.3% | 990EZ |
| 2014 | $61,537▲66.6% | $13,642▲25.3% | $172,425▲38.6% | $172,425▲38.6% | 990EZ |
| 2013 | $36,927▼10.2% | $10,889▲93.7% | $124,437▲10.1% | $124,437▲10.1% | 990EZ |
| 2011 | $41,105▼52.5% | $5,621▼75.0% | $112,996▲46.7% | $112,996▲46.7% | 990EZ |
| 2010 | $86,528 | $22,471 | $77,010 | $77,010 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
11 grants to Schooner Ernestina-morrissey Association totaling $3.8M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $100,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $500,000 |
| Boston Foundation Inc | Operating support/annual fund | 2021 | $115,000 |
| Paypal Charitable Giving Fund | General support | 2021 | $11,562 |
| Philadelphia Foundation | Schooner ernestina morrissey restoration, restoration of the schooner morrissey | 2020 | $2,000,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2020 | $500,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $6,950 |
| Philadelphia Foundation | Restoration of the schooner ernestina morrissey | 2019 | $500,000 |
| Boston Foundation Inc | Operating support/annual fund | 2018 | $10,000 |
| Boston Foundation Inc | Operating support | 2017 | $10,000 |
| Boston Foundation Inc | Operating support | 2017 | $10,000 |
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Data for Schooner Ernestina-morrissey Association (EIN 26-3290355) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.