Newburyport Society For The Relief Of Aged Men
- Assets
- $13.8m
- Revenue
- $1.6m
- Investments
- $12.6m
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 06/1998
- Data as of
- 08/2022
- EIN
- 04-2111219
Organization Overview
Newburyport Society For The Relief Of Aged Men is located in Newburyport, MA. The organization was established in 1998. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newburyport Society For The Relief Of Aged Men is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Newburyport Society For The Relief Of Aged Men generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (31.8%) each year. All expenses for the organization totaled $1.2m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOLE PURPOSE OF THE ORGANIZATION IS TO PROVIDE A HOME FOR THE ELDERLY MEN OF THE COMMUNITY AND ALL EXPEDITURES ARE RELATED TO THAT PURPOSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Pramberg President | 20 | $21,350 | |
Edward Brennan Treasurer | 4 | $5,850 | |
John E Petty Trustee | 2 | $3,017 | |
Peter Chetsas Clerk | 2 | $2,475 | |
Edmund Shepard Trustee | 2 | $1,350 | |
Paul Mahoney Trustee | 2 | $1,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $243 |
| Dividends & Interest | $301,624 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,197,316 |
| Capital Gain Net Income | $1,197,316 |
| Net ST Capital Gain | $158,386 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $149,658 |
| Total Revenue | $1,648,841 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,142 |
| Other employee salaries and wages | $368,191 |
| Pension plans, employee benefits | $18,167 |
| Interest | $0 |
| Taxes | $33,027 |
| Depreciation | $7,976 |
| Occupancy | $69,973 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $373,501 |
| Total operating and administrative expenses | $1,220,758 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,220,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,059,778 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,742 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $64,332 |
| Other assets | $0 |
| Total assets | $13,781,021 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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