Form 990 for tax year 2023
Filed by WATERTOWN COMMUNITY FOUNDATION INC.
Totals
- Total revenue
- $1,203,950
- Total expenses
- $1,254,686
- Contributions and grants received
- $1,077,677
- Grants paid
- $974,175
- Program service revenue
- $0
- Investment income
- $128,920
- Other revenue
- -$2,647
- Total assets, end of year
- $2,455,063
- Total liabilities, end of year
- $271,451
- Net assets or fund balances, end of year
- $2,183,612
- Program services expenses (Part IX)
- $1,031,464
- Management and general expenses
- $162,812
- Fundraising expenses
- $60,410
- Program service expenses (Part III)
- $1,031,464
Program services were 82.2% 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.
-
1c · Fundraising events
$98,640
-
1e · Government grants (contributions)
$838,469
-
1f · All other contributions, gifts and grants
$140,568
-
3 · Investment income
total $42,130 · excluded $42,130
-
7a · Gross sales of assets other than inventory
securities $254,194
-
7b · Less cost or other basis and sales expenses
securities $167,404
-
7c · Gain or loss
securities $86,790
-
7d · Net gain or loss
total $86,790 · excluded $86,790
-
8a · Fundraising events: gross income
$11,325
-
8a · Fundraising events: contributions included on line 1c
$98,640
-
8b · Fundraising events: direct expenses
$13,972
-
8c · Net income from fundraising events
total -$2,647 · excluded -$2,647
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $972,675 · program services $972,675
-
2 · Grants to domestic individuals
total $1,500 · program services $1,500
-
5 · Compensation of officers, directors and key employees
total $135,849 · program services $45,284 · management and general $45,282 · fundraising $45,283
-
7 · Other salaries and wages
total $17,442 · program services $7,898 · management and general $7,886 · fundraising $1,658
-
10 · Payroll taxes
total $10,851 · program services $3,782 · management and general $3,781 · fundraising $3,288
-
11c · Fees: accounting
total $26,261 · management and general $26,261
-
11g · Fees: other
total $45,616 · management and general $45,616
-
13 · Office expenses
total $33,432 · management and general $33,432
-
24a · Other expenses: SPECIAL FUND RAISING EV
total $10,181 · fundraising $10,181
-
24b · Other expenses: OTHER EXPENSES
total $879 · program services $325 · management and general $554
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $144,366 · end of year $125,441
-
2 · Savings and temporary cash investments
beginning of year $635 · end of year $5,573
-
3 · Pledges and grants receivable
beginning of year $63,547 · end of year $252,981
-
11 · Investments: publicly traded securities
beginning of year $2,005,860 · end of year $2,071,068
-
17 · Accounts payable and accrued expenses
end of year $20,795
-
18 · Grants payable
beginning of year $148,883 · end of year $250,656
-
25 · Other liabilities
beginning of year $21,090 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $435,643 · end of year $500,019
-
28 · Net assets with donor restrictions
beginning of year $1,608,792 · end of year $1,683,593
Mission and programs · 2023
Mission
THE FOUNDATION COMMENCED OPERATIONS ON DECEMBER 29, 2003. THE FOUNDATION HAS BEEN ORGANIZED TO SUPPORT EDUCATIONAL AND OTHER NON-PROFIT ORGANIZATIONS IN THE TOWN OF WATERTOWN.
Activities or mission (Part I)
THE FOUNDATION SEEKS TO PROMOTE A STRONG, CLOSE-KNIT COMMUNITY BY FOSTERING CONNECTIONS, RESPECT AND MUTUAL SUPPORT AMONG WATERTOWN'S DIVERSE RESIDENTS. THE FOUNDATION PROVIDES PHILANTHROPIC SUPPORT FOR THE CURRENT AND FUTURE NEEDS OF THE COMMUNITY.
-
THE FOUNDATION COMMENCED OPERATIONS ON DECEMBER 29, 2003. IT HAS BEEN ORGANIZED TO SUPPORT EDUCATIONAL RELATED ACTIVITIES AND OTHER NON-PROFIT ORGANIZATIONS IN THE TOWN OF WATERTOWN.
Expenses $1,031,464 · Grants $974,175
As filed on the 2023 return.
Listed in Part VII
-
Lauren UnsworthLAUREN UNSWORTH
CO-PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Mary Ann MulliganMARY ANN MULLIGAN
CO-PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Anthony PaolilloANTHONY PAOLILLO
TREASURER/CLERK
- Total calculated
- $0
- Hours/week
- 10
-
Emily BarclayEMILY BARCLAY
SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
Lora SabinLORA SABIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Robert ShayROBERT SHAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Heather LearyHEATHER LEARY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Albrik AvanessianALBRIK AVANESSIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Felicia SullivanFELICIA SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Eileen Hsu-BalzerEILEEN HSU-BALZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Donna TuccinardiDONNA TUCCINARDI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Ninos HannaNINOS HANNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Maria Panaggio-PhillipsMARIA PANAGGIO-PHILLIPS
FORMER DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Elaina ThemistosELAINA THEMISTOS
FORMER DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Eleanor DonatoELEANOR DONATO
FORMER DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Antonia O'HaraANTONIA O'HARA
FORMER DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Christine ParkerCHRISTINE PARKER
FORMER DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Curtis TeixeiraCURTIS TEIXEIRA
FORMER DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
David SiegelDAVID SIEGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Kathryn WhiteKATHRYN WHITE
FORMER CO-VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Jennifer DavisJENNIFER DAVIS
FORMER CO-VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Athelia TilsonATHELIA TILSON
EXECUTIVE DIRECTOR
- Total calculated
- $141,055
- From this org
- $125,000
- From related orgs
- $0
- Other
- $16,055
- Hours/week
- 40
-
Heather McManusHEATHER MCMANUS
DIRECTOR OF OPERATIONS
- Total calculated
- $12,456
- From this org
- $12,456
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
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
-
WATERTOWN HOUSING AUTHORITY
$558,847
FOOD SECURITY
-
METRO WEST COLLABORATIVE DEVELOPMENT
$167,022
EMERGENCY RENTAL ASSISTANCE
-
FOOD SECURITY, RENTAL ASSISTANCE, UTILITY ASSISTANCE, COVID KITS, MUTUAL AID COORDINATOR
-
WATERTOWN PUBLIC SCHOOLS
$32,024
CLASSROOM ENRICHMENT GRANTS AND FOOD SECURITY WEEKEND BACKPACK PROGRAM
-
CITY OF WATERTOWN
$27,057
EDUCATION AND PROGRAM SUPPORT
-
EDUCATION AND PROGRAM SUPPORT
-
$7,815
EDU
-
EDUCATION AND PROGRAM SUPPORT
-
$7,500
EDUCATION AND PROGRAM SUPPORT
-
$5,620
UNITY BREAKFAST
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403059349301555
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.