Association For The Relief Of Aged Women Of New Bedford
- Assets
- $21.4m
- Revenue
- $1.0m
- Investments
- $20.6m
- Employees
- 0
- Location
- New Bedford, MA
- Founding
- 10/1942
- Data as of
- 03/2024
- EIN
- 04-6056367
Organization Overview
Association For The Relief Of Aged Women Of New Bedford is located in New Bedford, MA. The organization was established in 1942. 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. Association For The Relief Of Aged Women Of New Bedford 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, Association For The Relief Of Aged Women Of New Bedford generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $1.2m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Association For The Relief Of Aged Women Of New Bedford has awarded 59 individual grants totaling $2,819,123. 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
THE ORGANIZATION AIDES AGED WOMEN AND OTHER EXEMPT ORGANIZATIONS BY FURNISHING FINANCIAL ASSISTANCE AND RELIEF
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clare Healy Foley Executive Director | 40 | $143,064 | |
Gail Beaton Goverance Chair | 4 | $0 | |
Jane Stankiewicz President | 4 | $0 | |
Diane Laflamme Vice President | 4 | $0 | |
Deborah Brooke Director | 4 | $0 | |
Angela Natho Personnel Chair | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,117 |
| Interest on Savings | $0 |
| Dividends & Interest | $440,289 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $575,005 |
| Capital Gain Net Income | $575,005 |
| Net ST Capital Gain | $91,510 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $5,787 |
| Other Income | $0 |
| Total Revenue | $1,027,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $143,064 |
| Other employee salaries and wages | $158,551 |
| Pension plans, employee benefits | $12,268 |
| Interest | $0 |
| Taxes | $24,111 |
| Depreciation | $3,060 |
| Occupancy | $30,769 |
| Travel, conferences, and meetings | $3,244 |
| Printing and publications | $5,764 |
| Other expenses | $43,215 |
| Total operating and administrative expenses | $548,729 |
| Contributions, gifts, grants paid | $632,445 |
| Total expenses and disbursements | $1,181,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $835,996 |
| Net Accounts receivable | $2,246 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,312 |
| Other assets | $28,160 |
| Total assets | $21,431,989 |
| Accounts payable and accrued expenses | $19,835 |
| 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 | $19,835 |
Grants Awarded
Over the last fiscal year, Association For The Relief Of Aged Women Of New Bedford has awarded $632,445 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CAPE VERDEAN ASSOCIATION PURPOSE: ELDER SERVICESELDER SERVICES | $12,000 |
COASTAL NEIGHBORS NETWORK PURPOSE: ELDER SERVICES | $22,760 |
NEW BEDFORD ART MUSEUM PURPOSE: ELDER SERVICES | $20,000 |
NEW BEDFORD FISHING HERITAGE PURPOSE: ELDER SERVICES | $20,000 |
PRIVATE ASSISTANCE - AVAILABLE UPON REQUEST PURPOSE: ELDER SERVICES | $425,446 |
SOUTH COASTAL COUNTIES LEGAL SERVICES PURPOSE: EDLER SERVICESELDER SERVICES | $45,000 |