Skip to content
Nonprofiteer
← CHARLESTOWN BENEVOLENT CARE FOUNDATION INC

Form 990 for tax year 2024

Filed by CHARLESTOWN BENEVOLENT CARE FOUNDATION INC.

Totals

Total revenue
$355,905
Total expenses
$630,783
Contributions and grants received
$43,582
Grants paid
$600,000
Program service revenue
$0
Investment income
$312,323
Other revenue
$0
Total assets, end of year
$5,065,491
Total liabilities, end of year
$292,356
Net assets or fund balances, end of year
$4,773,135
Program services expenses (Part IX)
$600,000
Management and general expenses
$30,783
Fundraising expenses
$0
Program service expenses (Part III)
$600,000

Program services were 95.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $43,582

  • 3 · Investment income

    total $176,865 · excluded $176,865

  • 7a · Gross sales of assets other than inventory

    securities $2,299,129

  • 7b · Less cost or other basis and sales expenses

    securities $2,163,671

  • 7c · Gain or loss

    securities $135,458

  • 7d · Net gain or loss

    total $135,458 · excluded $135,458

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $600,000 · program services $600,000

  • 11f · Fees: investment management

    total $30,783 · management and general $30,783

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $250,794 · end of year $269,439

  • 11 · Investments: publicly traded securities

    beginning of year $2,637,180 · end of year $1,848,070

  • 12 · Investments: other securities

    beginning of year $2,631,320 · end of year $2,947,982

  • 17 · Accounts payable and accrued expenses

    beginning of year $295,863 · end of year $292,356

  • 27 · Net assets without donor restrictions

    beginning of year $5,223,431 · end of year $4,773,135

Mission and programs · 2024

Mission

THE BOARD OF DIRECTORS OF CHARLESTOWN BENEVOLENT CARE FOUNDATION, INC. IS COMMITTED TO CREATING A COMMUNITY THAT CELEBRATE LIFE. SEE SCHEDULE O FOR THE COMPLETE MISSION STATEMENT.

Activities or mission (Part I)

THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF CHARLESTOWN COMMUNITY.

  • THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF CHARLESTOWN COMMUNITY, INC., AN ORGANIZATION EXEMPT UNDER IRC SECTION 501(C)(3), INCLUDING, BUT NOT LIMITED TO, SUPPORTING THE BENEVOLENT CARE FUND CREATED AND ADMINISTERED BY CCI.

    Expenses $600,000 · Grants $600,000

As filed on the 2024 return.

Listed in Part VII

  • Laura Ostroff

    CHAIRPERSON (THRU 1/15/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Richard A Grove Jr

    ACTING CHAIRPERSON (BEG 5/15/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Naomi McAfee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Heidi Abelhady

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve Harders

    DIRECTOR (THRU 9/13/24)

    Total calculated
    $0
    Hours/week
    1

  • David Douds

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carol Kefford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rosemary Eck

    DIRECTOR (THRU 7/9/24)

    Total calculated
    $0
    Hours/week
    1

  • Luther Petry

    DIRECTOR (THRU 3/19/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rev David S Cooney PhD

    DIRECTOR (BEG 5/15/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Alison Brown

    DIRECTOR (BEG 5/15/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Christopher M McNally Esq

    DIRECTOR (BEG 5/15/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Don Grove Ex Officio

    PRESIDENT

    Total calculated
    $260,872
    From this org
    $0
    From related orgs
    $237,983
    Other
    $22,889
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,206 related
    Bonus
    $0 + $39,400 related
    Other
    $0 + $2,377 related
    Deferred
    $0 + $8,709 related
    Nontaxable benefits
    $0 + $14,180 related
    Filer's total
    $0 + $260,872 related

  • Gladstone James Ex Officio

    TREASURER (THRU 5/21/24)

    Total calculated
    $90,552
    From this org
    $0
    From related orgs
    $75,309
    Other
    $15,243
    Hours/week
    1 + 40 related

  • Pamela Stiner

    TREASURER (BEG 5/15/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patricia Santoni Ex Officio

    SECRETARY

    Total calculated
    $146,718
    From this org
    $0
    From related orgs
    $128,355
    Other
    $18,363
    Hours/week
    1 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
CHARLESTOWN BENEVOLENT CARE FOUNDATION, INC. RELIES ON CHARLESTOWN COMMUNITY, INC. (CCI) TO ESTABILISH THE COMPENSATION OF THE EXECUTIVE DIRECTOR. CCI USES AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE CCI BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
24 October 2025
IRS schema version
2024v5.2
Source object
202503089349302285

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.