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Nonprofiteer
← CORNELIA WARREN COMMUNITY ASSN INC

Form 990 for tax year 2022

Filed by CORNELIA WARREN COMMUNITY ASSN INC.

Totals

Total revenue
$110,674
Total expenses
$274,550
Contributions and grants received
$0
Grants paid
$240,000
Program service revenue
$0
Investment income
$110,674
Other revenue
$0
Total assets, end of year
$4,389,677
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,389,677
Program services expenses (Part IX)
$240,000
Management and general expenses
$34,550
Fundraising expenses
$0
Program service expenses (Part III)
$240,000

Program services were 87.4% 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 $110,674 · excluded $110,674

  • 7a · Gross sales of assets other than inventory

    securities $725,000

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

    securities $725,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $240,000 · program services $240,000

  • 11f · Fees: investment management

    total $31,787 · management and general $31,787

  • 11g · Fees: other

    total $695 · management and general $695

  • 19 · Conferences, conventions and meetings

    total $192 · management and general $192

  • 23 · Insurance

    total $1,876 · management and general $1,876

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $404,773 · end of year $190,532

  • 11 · Investments: publicly traded securities

    beginning of year $3,705,814 · end of year $4,199,145

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $119,950 · end of year $119,950

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,990,637 · end of year $4,269,727

Mission and programs · 2022

Mission

TO PROMOTE BETTERMENT PROGRAMS FOR THE CITIZENS OF THE CITY OF WESTBROOK

  • $100,000 TO THE WESTBROOK HISTORICAL SOCIETY FOR CONSTRUCTION REPAIRS TO NATHAN HARRIS HOUSE. $75,000 TO PRESUMPSCOT REGIONAL LAND TRUST FOR CONSTRUCTION OF RECREATIONAL TRAILS. $40,000 TO STEPHEN W. MANCHESTER AMERICAN LEGION POST 62 TO SUPPORT ROOF REPLACEMENT. $25,OOO TO THE INTERCULTURAL COMMUNITY CENTER TO SUPPORT PURCHASE OF A BUS.

    Expenses $240,000 · Grants $240,000

As filed on the 2022 return.

Listed in Part VII

  • CARENMARIE MICHEL

    CORPORATOR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CARL BLOOM II

    CORPORATOR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS CROSBY

    CORPORATOR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRUCE SAUNDERS

    CORPORATOR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARTHA DAY

    CORPORATOR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW BRUNNER

    CORPORATOR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ABBOTT MOSHER

    CORPORATOR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PHILIP BROWN

    CORPORATOR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD LABRECQUE

    CORPORATOR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SUZANNE JOYCE

    CORPORATOR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • EDWARD SYMBOL

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • DAVID ROLFE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MICHELE MEGGISON

    TREASURER

    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
2022
Filed
10 January 2024
IRS schema version
2022v5.0
Source object
202440199349300424

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