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← LEEWARD CHARITABLE FOUNDATION INC

Form 990 for tax year 2023

Filed by LEEWARD CHARITABLE FOUNDATION INC.

Totals

Total revenue
$731,263
Total expenses
$689,299
Contributions and grants received
$741,546
Grants paid
$64,100
Program service revenue
$1,208
Investment income
$3,463
Other revenue
-$14,954
Total assets, end of year
$1,101,096
Total liabilities, end of year
$22,871
Net assets or fund balances, end of year
$1,078,225
Program services expenses (Part IX)
$526,880
Management and general expenses
$162,419
Fundraising expenses
$0
Program service expenses (Part III)
$526,880

Program services were 76.4% 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

    $741,546

  • 1g · Noncash contributions included above

    $716,308

  • 2a · Program service revenue: RECYCLING REVENUE

    total $1,208 · related or exempt $1,208

  • 3 · Investment income

    total $3,463 · excluded $3,463

  • 10a · Gross sales of inventory

    $737,868

  • 10b · Cost of goods sold

    $752,822

  • 10c · Net income from sales of inventory

    total -$14,954 · related or exempt -$14,954

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $64,100 · program services $64,100

  • 5 · Compensation of officers, directors and key employees

    total $107,269 · program services $26,387 · management and general $80,882

  • 7 · Other salaries and wages

    total $271,517 · program services $270,951 · management and general $566

  • 9 · Other employee benefits

    total $11,856 · program services $11,856

  • 10 · Payroll taxes

    total $32,257 · program services $30,518 · management and general $1,739

  • 11b · Fees: legal

    total $880 · management and general $880

  • 11c · Fees: accounting

    total $7,305 · management and general $7,305

  • 11g · Fees: other

    total $11,892 · program services $9,919 · management and general $1,973

  • 12 · Advertising and promotion

    total $552 · management and general $552

  • 13 · Office expenses

    total $1,451 · management and general $1,451

  • 14 · Information technology

    total $4,766 · program services $3,146 · management and general $1,620

  • 16 · Occupancy

    total $51,551 · program services $42,215 · management and general $9,336

  • 17 · Travel

    total $2,120 · program services $1,736 · management and general $384

  • 20 · Interest

    total $1,608 · management and general $1,608

  • 22 · Depreciation, depletion and amortization

    total $5,746 · program services $4,705 · management and general $1,041

  • 23 · Insurance

    total $7,063 · program services $5,784 · management and general $1,279

  • 24a · Other expenses: EMPLOYEE FINANCIAL ASSI

    total $34,700 · management and general $34,700

  • 24b · Other expenses: FACILITIES MAINTENANCE

    total $23,900 · program services $19,572 · management and general $4,328

  • 24c · Other expenses: VOLUNTEER EVENTS

    total $15,976 · program services $15,976

  • 24d · Other expenses: UTILITIES EXPENSES

    total $12,818 · program services $10,497 · management and general $2,321

  • 24e · All other expenses

    total $19,972 · program services $9,518 · management and general $10,454

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $827,404 · end of year $37,941

  • 2 · Savings and temporary cash investments

    end of year $725,549

  • 4 · Accounts receivable

    end of year $4,224

  • 8 · Inventories for sale or use

    beginning of year $49,717 · end of year $13,203

  • 10a · Land, buildings and equipment: cost or other basis

    $528,678

  • 10b · Land, buildings and equipment: accumulated depreciation

    $208,959

  • 10c · Land, buildings and equipment, net

    beginning of year $323,348 · end of year $319,719

  • 15 · Other assets

    beginning of year $3,272 · end of year $460

  • 17 · Accounts payable and accrued expenses

    end of year $22,871

  • 23 · Secured mortgages and notes payable

    beginning of year $185,693 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,018,048 · end of year $1,078,225

Mission and programs · 2023

Mission

THE ORGANIZATION OPERATES A CHARITABLE THRIFT STORE IN MASSACHUSETTS TO RECYCLE, REUSE, AND RENEW FOR CHARITY IN ORDER TO ACHIEVE THEIR GOAL.

  • THE LEEWARD CHARITABLE FOUNDATION RECEIVES 99.5% OF ITS REVENUE FROM THE SALE OF DONATED HOUSEHOLD ITEMS AND CLOTHING VIA ITS THRIFT STORE. 90% OF ALL EXPENSES ARE RELATED TO THE OPERATION OF THE THRIFT STORE WHILE 10% IS RELATED TO GENERAL ADMINISTRATION.

    Expenses $526,880 · Grants $64,100 · Revenue -$13,746

As filed on the 2023 return.

Listed in Part VII

  • Robert Werner

    PRESIDENT

    Total calculated
    $89,869
    From this org
    $71,994
    From related orgs
    $0
    Other
    $17,875
    Hours/week
    40

  • Shauna Werner

    VICE-PRESIDENT

    Total calculated
    $17,800
    From this org
    $17,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Cheryl Bursaw

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Thomas Gilligan

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • John McQuaid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kenneth Massone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LEEWARD THRIFT LLC

    THE ENTITY OPERATES A CHARITABLE THRIFT SHOP · MA · income $719,152 · assets $75,079

    Directly controlled by LEEWARD CHARITABLE FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202520159349301247

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