Williamstown Community Chest
- Assets
- $2.5m
- Revenue
- $551.5k
- Investments
- $2.3m
- Employees
- 2
- Location
- Williamstown, MA
- Founding
- 10/1946
- Data as of
- 09/2021
- EIN
- 04-6044550
Organization Overview
Williamstown Community Chest is located in Williamstown, MA. The organization was established in 1946. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, Williamstown Community Chest employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Williamstown Community Chest 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 09/2021, Williamstown Community Chest generated $551.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $419.0k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Williamstown Community Chest has awarded 156 individual grants totaling $2,369,396. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING OUR COMMUNITY BY MOBILIZING RESOURCES FOR ORGANIZATIONS THAT ASSIST OUR NEIGHBORS IN NEED; 100% OF ANNUAL FUNDRAISING CAMPAIGN IS DISTRIBUTED TO SUPPORT 18 LOCAL SERVICE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISSUANCE OF GRANTS TO LOCAL HUMAN SERVICE ORGANIZATIONS - ALL 501C(3)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Singleton Executive Di | Trustee | 40 | $41,439 |
Thomas Cragg Treasurer | OfficerTrustee | 3 | $0 |
Kathleen Morris Vice Preside | OfficerTrustee | 3 | $0 |
Brian O'grady Secretary | OfficerTrustee | 3 | $0 |
Thomas Sheldon President | OfficerTrustee | 8 | $0 |
Annie Art Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,054 |
| Noncash contributions included in lines 1a–1f | $33,188 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $400,954 |
| Total Program Service Revenue | $0 |
| Investment income | $71,717 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $76,457 |
| Net Income from Fundraising Events | $2,415 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $551,543 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $263,250 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $41,439 |
| Compensation of current officers, directors, key employees. | $10,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,092 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,000 |
| Fees for services: Investment Management | $14,595 |
| Fees for services: Other | $0 |
| Advertising and promotion | $200 |
| Office expenses | $2,153 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $657 |
| Insurance | $1,977 |
| All other expenses | $4,422 |
| Total functional expenses | $418,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,428 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $24,205 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,386 |
| Net Land, buildings, and equipment | $1,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,313,935 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,479,186 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,468,586 |
| Net assets with donor restrictions | $1,010,600 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,479,186 |
Grants Awarded
Over the last fiscal year, Williamstown Community Chest has awarded $247,750 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Williamstown, MA PURPOSE: SUPPORT | $55,000 |
Williamstown, MA PURPOSE: SUPPORT | $30,000 |
Pittsfield, MA PURPOSE: SUPPORT | $24,500 |
Pittsfield, MA PURPOSE: SUPPORT | $24,000 |
Pittsfield, MA PURPOSE: SUPPORT | $21,250 |
Adams, MA PURPOSE: SUPPORT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Williamstown Community Chest has recieved totaling $75,006.
| Awarding Organization | Amount |
|---|---|
Isabel L Makepeace 1985 Trust Ua 130-1174600 Bedford, NH PURPOSE: GENERAL SUPPORT | $46,885 |
Shirley Brownrigg Charitable Tr Uw Fbo Shirley Brownrigg Williamstown, MA PURPOSE: CHARITABLE | $10,000 |
Fairbanks Family Charitable Foundation Williamstown, MA PURPOSE: OPERATING ASSISTANCE | $9,000 |
The Berkshire Taconic Community Foundation Inc Sheffield, MA PURPOSE: GENERAL SUPPORT | $7,100 |
John A & Joan M Dietze Charitable Tr 102501 Pennington, NJ PURPOSE: GENERAL OPERATING | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Endowment Analysis
| Beg. Balance | $2,045,087 |
| Earnings | $366,855 |
| Admin Expense | $14,595 |
| Other Expense | $99,967 |
| Ending Balance | $2,297,380 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
United Way Of Massachusetts Bay Inc Boston, MA | $61,459,192 | $54,248,060 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
United Way Of Connecticut Rocky Hill, CT | $9,253,569 | $38,307,240 |
Foundation For Jewish Philanthropies Getzville, NY | $249,898,212 | $25,804,353 |
United Way Of Rhode Island Inc Providence, RI | $29,334,248 | $23,014,896 |
Syracuse Community Health Center Inc Syracuse, NY | $18,630,162 | $24,795,455 |
Lighthouse Guild International Inc New York, NY | $511,507,297 | $10,629,551 |
North Star Fund Inc New York, NY | $26,831,975 | $32,265,698 |
Granite United Way Manchester, NH | $10,904,464 | $19,030,593 |
United Way Of Buffalo And Erie County Buffalo, NY | $31,555,637 | $14,020,396 |