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Nonprofiteer
← KIWANIS FOUNDATION OF NEW ENGLAND INC

Form 990 for tax year 2023

Filed by KIWANIS FOUNDATION OF NEW ENGLAND INC.

Totals

Total revenue
$365,946
Total expenses
$166,476
Contributions and grants received
$28,921
Grants paid
$67,377
Program service revenue
$0
Investment income
$337,025
Other revenue
$0
Total assets, end of year
$9,745,971
Total liabilities, end of year
$135,745
Net assets or fund balances, end of year
$9,610,226
Program services expenses (Part IX)
$67,876
Management and general expenses
$92,438
Fundraising expenses
$6,162
Program service expenses (Part III)
$67,876

Program services were 40.8% 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

    $28,921

  • 3 · Investment income

    total $269,413 · excluded $269,413

  • 7a · Gross sales of assets other than inventory

    securities $1,609,574

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

    securities $1,541,962

  • 7c · Gain or loss

    securities $67,612

  • 7d · Net gain or loss

    total $67,612 · excluded $67,612

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $62,377 · program services $62,377

  • 2 · Grants to domestic individuals

    total $5,000 · program services $5,000

  • 11b · Fees: legal

    total $3,500 · management and general $3,500

  • 11c · Fees: accounting

    total $23,500 · management and general $23,500

  • 11f · Fees: investment management

    total $61,668 · management and general $61,668

  • 13 · Office expenses

    total $3,497 · program services $230 · management and general $3,267

  • 23 · Insurance

    total $503 · management and general $503

  • 24a · Other expenses: FUNDRAISING EXPENSES

    total $6,162 · fundraising $6,162

  • 24b · Other expenses: FILING FEES

    total $269 · program services $269

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $128,335 · end of year $52,457

  • 2 · Savings and temporary cash investments

    beginning of year $9,172 · end of year $9,316

  • 11 · Investments: publicly traded securities

    beginning of year $7,705,441 · end of year $9,548,453

  • 15 · Other assets

    beginning of year $109,602 · end of year $135,745

  • 21 · Escrow or custodial account liability

    beginning of year $109,602 · end of year $135,745

  • 27 · Net assets without donor restrictions

    beginning of year $279,336 · end of year $219,190

  • 28 · Net assets with donor restrictions

    beginning of year $7,563,612 · end of year $9,391,036

Mission and programs · 2023

Mission

TO MAKE DONATIONS TO VARIOUS CHARITABLE, SCIENTIFIC OR EDUCATIONAL ORGANIZATIONS.

  • THE ORGANIZATION MADE SEVERAL DONATIONS IN FY24 TO VARIOUS CHARITABLE ORGANIZATIONS INCLUDING SUPPORTING EFFORTS TO END HUNGER AND ALSO PROVIDED SCHOLARSHIPS TO 13 WORTHY RECIPIENTS.

    Expenses $67,876 · Grants $67,377

As filed on the 2023 return.

Listed in Part VII

  • CHRISTOPHER M HOLDEN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    25
  • SUSAN SCHROETER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10
  • THERESA M COOK

    TREASURER

    Total calculated
    $0
    Hours/week
    25
  • GAIL CALVAO

    SECRETARY

    Total calculated
    $0
    Hours/week
    25
  • DAVID PETERSON

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • DENIS MURPHY II

    PRESIDENT - ELECT

    Total calculated
    $0
    Hours/week
    10
  • DONNA ROBERTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • LARRY GIORDANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • GEORGE DELISLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • KARL UZCATEGUI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MARYANN BELASON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • DAVID BURGESS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • PAUL J DONATO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ELI RIVERA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • AVA ADAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • GLEN CEFALO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BART STEVENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • PATRICIA COSTAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JESSICA PLANTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JANET KELEWAE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • WAYNE SPENCER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MERNAYSA RIVERA BUJOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JOHN MAIHOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
11 August 2025
IRS schema version
2023v6.0
Source object
202512249349301861

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