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← BRADLEY HENRY BARNES & LEILA BARNES MEMORIAL TR

Form 990 for tax year 2024

Filed by BRADLEY HENRY BARNES & LEILA BARNES MEMORIAL TR.

Totals

Total revenue
$1,798,084
Total expenses
$1,224,592
Contributions and grants received
$0
Grants paid
$910,413
Program service revenue
$0
Investment income
$1,798,084
Other revenue
$0
Total assets, end of year
$22,187,813
Total liabilities, end of year
$81,668
Net assets or fund balances, end of year
$22,106,145
Program services expenses (Part IX)
$910,875
Management and general expenses
$313,717
Fundraising expenses
$0
Program service expenses (Part III)
$910,875

Program services were 74.4% 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.

  • 3 · Investment income

    total $655,354 · excluded $655,354

  • 7a · Gross sales of assets other than inventory

    securities $1,142,730

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

    securities $0

  • 7c · Gain or loss

    securities $1,142,730

  • 7d · Net gain or loss

    total $1,142,730 · excluded $1,142,730

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $910,413 · program services $910,413

  • 11b · Fees: legal

    total $2,219 · management and general $2,219

  • 11c · Fees: accounting

    total $2,179 · management and general $2,179

  • 11f · Fees: investment management

    total $119,460 · management and general $119,460

  • 23 · Insurance

    total $923 · program services $462 · management and general $461

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $187,353 · management and general $187,353

  • 24b · Other expenses: MEMBERSHIP DUES

    total $2,000 · management and general $2,000

  • 24c · Other expenses: BANK STRIPE/PAYPAL FEES

    total $45 · management and general $45

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $175,028 · end of year $236,413

  • 11 · Investments: publicly traded securities

    beginning of year $20,937,822 · end of year $21,951,400

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,221 · end of year $48,668

  • 18 · Grants payable

    end of year $33,000

  • 27 · Net assets without donor restrictions

    beginning of year $21,070,629 · end of year $22,106,145

Mission and programs · 2024

Mission

TO SUPPORT THE CHARITABLE ACTIVITIES OF THE MAIN STREET COMMUNITY FOUNDATION BY IMPROVING THE HEALTH, MEDICAL CARE AND WELLNESS OF THE SOUTHINGTON, CT COMMUNITY.

Activities or mission (Part I)

SUPPORT CHARITABLE ACTIVITIES BY IMPROVING HEALTH, MEDICAL CARE AND WELLNESS OF THE SOUTHINGTON, CT.

  • GRANTS MADE IN RESPONSE TO GENERAL HEALTH

    Expenses $573,169 · Grants $572,878

  • GRANTS MADE IN RESPONSE TO MENTAL HEALTH

    Expenses $214,144 · Grants $214,035

  • GRANTS MADE IN RESPONSE TO FOOD, NUTRITION

    Expenses $123,562 · Grants $123,500

As filed on the 2024 return.

Listed in Part VII

  • Susan Sadecki

    PRESIDENT & CEO

    Total calculated
    $198,281
    From this org
    $0
    From related orgs
    $189,219
    Other
    $9,062
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,219 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,561 related
    Nontaxable benefits
    $0 + $3,501 related
    Filer's total
    $0 + $198,281 related
  • Daniel J Daigle

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Kathryn C Reinhard

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Kyle S Biddick

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • William R Micari

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Scott Fournier

    PAST CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Megan E Albanese

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jarre B Betts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Brent Davenport

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Virginia Fitzgerald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Andrea Lanese

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Mark Malley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Mark Moriarty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jennifer O'Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Suzanne M Passini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • John D Scarritt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Michael F Sweeney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Andrea Wasley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Rebecca B Zappone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Wyland Dale Clift

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Paula Knight

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Marguerite P Fletcher

    DIRECTOR (UNTIL 03/24)

    Total calculated
    $0
    Hours/week
    1 + 1 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
THE MAIN STREET COMMUNITY FOUNDATION'S EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE PRESIDENT & CEO'S SALARY ANNUALLY AND REVIEW OF 990S FOR OTHER ORGANIZATIONS AS A GUIDELINE TO DETERMINE THE APPROPRIATENESS OF THE SALARY AND/OR ANY ADJUSTMENTS.

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

The 10 largest by cash amount. The API serves every itemized grant.

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
9 May 2025
IRS schema version
2024v5.1
Source object
202531299349304253

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