Preachers Aid Society Of New England

Organization Overview

Preachers Aid Society Of New England is located in Wells, ME. The organization was established in 1974. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Preachers Aid Society Of New England employed 9 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Preachers Aid Society Of New England 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 12/2022, Preachers Aid Society Of New England generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE SUPPORT AND NURTURE FOR THE PURPOSE OF ENRICHING THE QUALITY OF LIFE FOR MINISTERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PREACHERS' AID SOCIETY OF NEW ENGLAND MAINTAINS A VIGOROUS PROGRAM OF SERVICE TO CLERGY FAMILIES, DEMONSTRATING A MAJOR COMMITMENT TO RETIREES AND THEIR WELFARE.PROGRAMS AND SERVICES FOR RETIREES INCLUDE IN-HOME VISITATION, EDUCATIONAL PROGRAM SUPPORT, EMERGENCY ASSISTANCE, TENDING THE FIRE, RETIREE HOUSING, HIGHER EDUCATION LOAN PROGRAM, RETIREE GREEN LOAN PROGRAM, BABY GRANTS, RETIREE HEALTH CARE, OCCASIONAL CLERGY GATHERINGS, RETIREE METHODENT PROGRAM, AND THE TAYLOR FELLOWSHIP AWARD.


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Board, Officers & Key Employees

Name (title)Compensation
James Avrett
Director
$0
Crystal Collier
Director
$0
Lynn Matson
Director
$0
Jeffrey Savage
Director
$0
Janice Schuster
Director
$0
Jinsook Song
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Patco Constructions
Contractor And Construction
$418,102
Foglio Inc
Excavation Contractor
$214,270
Cibc Private Wealth Management
Investment Management
$126,919
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$188,719
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$188,719
Total Program Service Revenue$469,441
Investment income $600,863
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $690,268
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,949,291

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