Newburyport Society For The Relief Of Aged Women
- Assets
- $4.9m
- Revenue
- $344.3k
- Investments
- $4.8m
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 03/1935
- Data as of
- 03/2024
- EIN
- 04-2121771
Organization Overview
Newburyport Society For The Relief Of Aged Women is located in Newburyport, MA. The organization was established in 1935. According to its NTEE Classification (G94) the organization is classified as: Geriatrics, under the broad grouping of Voluntary Health Associations & Medical Disciplines 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 Women 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 03/2024, Newburyport Society For The Relief Of Aged Women generated $344.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $245.1k during the year ending 03/2024. While expenses have increased by 1.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Newburyport Society For The Relief Of Aged Women has awarded 35 individual grants totaling $785,041. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE NEEDY WOMEN SIXTY YEARS AND OLDER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jocelyne Cosentino President | 15 | $3,000 | |
Janice Morse Treasurer | 15 | $2,400 | |
Melissa Foley Vice President | 5 | $1,200 | |
Karen Holmes Assistant Treasurer | 15 | $600 | |
Susan Stone Co-Chair | 5 | $1,800 | |
Karen Baptiste Co-Chair | 5 | $1,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,695 |
| Interest on Savings | $512 |
| Dividends & Interest | $82,420 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $257,666 |
| Capital Gain Net Income | $257,666 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $344,293 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,800 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,760 |
| Total operating and administrative expenses | $49,367 |
| Contributions, gifts, grants paid | $195,725 |
| Total expenses and disbursements | $245,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $83,022 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $450,162 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,909,581 |
| 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 |
Grants Awarded
Over the last fiscal year, Newburyport Society For The Relief Of Aged Women has awarded $195,725 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ANNA JACQUES HOSPITAL PURPOSE: SURVIVORSHIP PROGRAMAJ CANCER CENTER | $15,000 |
PETTENGILL HOUSE PURPOSE: EMERGENCY FINANCIALASSISTANCE PROGRAMAND PARTNERSHIP PROGRAM | $40,000 |
COMMUNITY ACTION PURPOSE: HEATING ASSISTANCE | $5,000 |
OUR NEIGHBOR'S TABLE PURPOSE: FOOD ACCESS PROGRAMS | $11,000 |
VARIOUS INDIVIDUALS PURPOSE: ASSISTANCE TO INDIGENT FAMILIES | $94,715 |
AMESBURY COUNCIL ON AGING PURPOSE: ASSISTANCE TO HIRING INDIVIDUALS | $19,760 |