Form 990 for tax year 2024
Filed by CORNELIA WARREN COMMUNITY ASSN INC.
Totals
- Total revenue
- $742,178
- Total expenses
- $391,155
- Contributions and grants received
- $0
- Grants paid
- $355,500
- Program service revenue
- $0
- Investment income
- $742,178
- Other revenue
- $0
- Total assets, end of year
- $5,126,158
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $5,126,158
- Program services expenses (Part IX)
- $355,500
- Management and general expenses
- $35,655
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $355,500
Program services were 90.9% 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 $131,023
-
7a · Gross sales of assets other than inventory
securities $1,492,139
-
7b · Less cost or other basis and sales expenses
securities $880,984
-
7c · Gain or loss
securities $611,155
-
7d · Net gain or loss
total $611,155
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $355,500 · program services $355,500
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $32,691 · management and general $32,691
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,061 · management and general $1,061
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $938 · management and general $938
-
24a · Other expenses: Form 990, annual report, agent change of address filings
total $156 · management and general $156
-
24b · Other expenses: foreign taxes
total $785 · management and general $785
-
24c · Other expenses: other fees
total $24 · management and general $24
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $205,868 · end of year $60,000
-
11 · Investments: publicly traded securities
beginning of year $4,832,922 · end of year $5,066,158
-
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 $4,918,840 · end of year $5,006,208
Mission and programs · 2024
Mission
To promote betterment programs for the citizens of the city of Westbrook, Maine.
-
replacement of starting blocks in Davan Pool at Westbrook Community Center
Expenses $13,500 · Grants $13,500
-
50 of cost to replace flooring at Westbrook Community Center
Expenses $20,000 · Grants $20,000
-
support for construction of fire service training facility
Expenses $200,000 · Grants $200,000
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Caren-Marie Michel
Corporator
- Total calculated
- $0
- Hours/week
- 0.25
-
Carl Bloom II
Corporator
- Total calculated
- $0
- Hours/week
- 0.25
-
Thomas Crosby
Corporator
- Total calculated
- $0
- Hours/week
- 0.25
-
Bruce Saunders
Corporator
- Total calculated
- $0
- Hours/week
- 0.25
-
Martha Day
Corporator
- Total calculated
- $0
- Hours/week
- 0.25
-
Abbott Mosher
Corporator
- Total calculated
- $0
- Hours/week
- 0.25
-
Philip Brown
Corporator
- Total calculated
- $0
- Hours/week
- 0.25
-
Richard LaBrecque
Corporator
- Total calculated
- $0
- Hours/week
- 0.25
-
Suzanne Joyce
Corporator
- Total calculated
- $0
- Hours/week
- 0.25
-
Matthew Brunner
Corporator
- Total calculated
- $0
- Hours/week
- 0.25
-
David Rolfe
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
Michele Meggison
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Edward Symbol
President
- Total calculated
- $0
- Hours/week
- 3
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
-
City of Westbrook
$200,000
support for construction of fire service training facility
-
$122,000
install sewer connection, repair roof leaks, replace rotted support beam at MPTC
-
City of Westbrook
$20,000
50 of cost to replace flooring in WCC
-
City of Westbrook
$13,500
replacement of starting blocks in Davan Pool
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 January 2026
- IRS schema version
- 2024v5.2
- Source object
- 202640309349300909
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