Newsboys Reading Room Association Of Boston
- Assets
- $949.7k
- Revenue
- $106.2k
- Investments
- $890.9k
- Employees
- 0
- Location
- Weymouth, MA
- Founding
- 08/1965
- Data as of
- 09/2023
- EIN
- 04-6056949
Organization Overview
Newsboys Reading Room Association Of Boston is located in Weymouth, MA. The organization was established in 1965. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newsboys Reading Room Association Of Boston 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 09/2023, Newsboys Reading Room Association Of Boston generated $106.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $93.0k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Newsboys Reading Room Association Of Boston has awarded 43 individual grants totaling $296,550. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Stevens Treas. Director | 5 | $0 | |
Callum Jf Maclean Secy Director | 2 | $0 | |
Melissa Mckinnon Asst. Treas. | 0 | $0 | |
James Cesarz President Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,039 |
| Dividends & Interest | $32,240 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $67,949 |
| Capital Gain Net Income | $67,949 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $106,228 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $45 |
| Total operating and administrative expenses | $20,837 |
| Contributions, gifts, grants paid | $72,150 |
| Total expenses and disbursements | $92,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,174 |
| Savings and temporary cash investments | $47,583 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $949,701 |
| 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, Newsboys Reading Room Association Of Boston has awarded $72,150 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON GLOBE SANTA PURPOSE: UNRESTRICTED | $4,000 |
BRANTWOOD CAMP PURPOSE: WORK AMONG UNDERPRIVILEDGED YOUTH | $2,700 |
FRIENDSHIP HOME PURPOSE: UNRESTRICTED | $3,800 |
JIMMY FUND PURPOSE: CHILDRENS HOSPITAL | $1,800 |
BOYSTOWN PURPOSE: WORK AMONG UNDERPRIVILEDGED YOUTH | $250 |
NEW ENGLAND HOME FOR LITTLE WANDERERS PURPOSE: WORK AMONG UNDERPRIVILEDGED YOUTH | $15,900 |