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← BRADLEY HENRY BARNES & LEILA BARNES MEMORIAL TR

Form 990 for tax year 2023

Filed by BRADLEY HENRY BARNES & LEILA BARNES MEMORIAL TR.

Totals

Total revenue
$888,518
Total expenses
$1,197,100
Contributions and grants received
$0
Grants paid
$908,636
Program service revenue
$0
Investment income
$828,393
Other revenue
$60,125
Total assets, end of year
$21,112,850
Total liabilities, end of year
$42,221
Net assets or fund balances, end of year
$21,070,629
Program services expenses (Part IX)
$1,017,729
Management and general expenses
$179,371
Fundraising expenses
$0
Program service expenses (Part III)
$1,017,729

Program services were 85.0% 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 $618,272 · excluded $618,272

  • 7a · Gross sales of assets other than inventory

    securities $210,121

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

    securities $0

  • 7c · Gain or loss

    securities $210,121

  • 7d · Net gain or loss

    total $210,121 · excluded $210,121

  • 11a · Other revenue: UNFULLFILLED GRANTS

    total $60,125 · related or exempt $60,125

  • 11e · Other revenue, total

    $60,125

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $908,636 · program services $908,636

  • 11b · Fees: legal

    total $2,130 · management and general $2,130

  • 11c · Fees: accounting

    total $2,126 · management and general $2,126

  • 11f · Fees: investment management

    total $108,177 · program services $108,177

  • 12 · Advertising and promotion

    total $167 · program services $167

  • 13 · Office expenses

    total $287 · program services $287

  • 23 · Insurance

    total $924 · program services $462 · management and general $462

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $172,653 · management and general $172,653

  • 24b · Other expenses: MEMBERSHIP DUES

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

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $151,091 · end of year $175,028

  • 11 · Investments: publicly traded securities

    beginning of year $19,489,242 · end of year $20,937,822

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,278 · end of year $42,221

  • 27 · Net assets without donor restrictions

    beginning of year $19,599,055 · end of year $21,070,629

Mission and programs · 2023

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.

  • GRANTS MADE IN RESPONSE TO GENERAL HEALTH

    Expenses $258,329 · Grants $230,638

  • GRANTS MADE IN RESPONSE TO MENTAL HEALTH

    Expenses $683,796 · Grants $610,498

  • GRANTS MADE IN RESPONSE TO FOOD, NUTRITION

    Expenses $75,604 · Grants $67,500

As filed on the 2023 return.

Listed in Part VII

  • SUSAN SADECKI

    PRESIDENT & CEO

    Total calculated
    $187,703
    From this org
    $0
    From related orgs
    $178,905
    Other
    $8,798
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,905 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,297 related
    Nontaxable benefits
    $0 + $3,501 related
    Filer's total
    $0 + $187,703 related

  • SCOTT FOURNIER

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DANIEL J DAIGLE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • WILLIAM R MICARI

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • KATHRYN C REINHARD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MARGUERITE P FLETCHER

    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

  • KYLE S BIDDICK

    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

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 USES AN INDEPENDENT COMPENSATION CONSULTANT 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
2023
Filed
10 May 2024
IRS schema version
2023v5.0
Source object
202441349349302674

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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