Westwood Community Chest
- Assets
- $282.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westwood, MA
- Founding
- 04/2005
- Data as of
- 06/2022
- EIN
- 20-0542258
Organization Overview
Westwood Community Chest is located in Westwood, MA. The organization was established in 2005. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westwood 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 06/2022, Westwood Community Chest generated $192.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $91.2k during the year ending 06/2022. While expenses have increased by 1.3% per year over the past 7 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FINANCIAL AWARDS PROVIDED TO MEMBERS OF THE TOWN HAVING SHORT TERM FINANCIAL DIFFICULTIES. AWARDS ARE GIVEN TO PROVIDE ASSISTANCE FOR UTILITIES, MEDICAL, RENT, CLOTHING, AND OTHER NECESSITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roula Bakis Director | 3 | $0 | |
Kim Chase Director | 3 | $0 | |
Kate Bradbury Director | 3 | $0 | |
Lina Arena-Derosa Director | 3 | $0 | |
John Deckers Director | 3 | $0 | |
Rich DE Reyna Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,382 |
| Total Program Service Revenue | $47,118 |
| Membership dues | $0 |
| Investment income | $118 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$7,512 |
| Other Revenue | $0 |
| Total Revenue | $192,106 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,250 |
| Professional fees and other payments to independent contractors | $155 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,477 |
| Other expenses | $81,323 |
| Total expenses | $91,205 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $282,566 |
| Other assets | $0 |
| Total assets | $282,566 |
| Total liabilities | $0 |
| Net assets or fund balances | $282,566 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Westwood Community Chest has recieved totaling $63,695.
| Awarding Organization | Amount |
|---|---|
Bromley Charitable Tr Westwood, MA PURPOSE: GENERAL | $50,000 |
Rands Foundation Westwood, MA PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Novack Family Foundation Boston, MA PURPOSE: UNRESTRICTED | $5,000 |
Altamira Foundation Westwood, MA PURPOSE: CHARITABLE. | $2,000 |
Carney Family Charitable Foundation Bridgewater, MA PURPOSE: PUBLIC AND CIVIC BENEFIT | $1,000 |
John And Gertrude Donovan Foundation Westwood, MA PURPOSE: UNRESTRICTED | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Connecticut Community Foundation Inc Waterbury, CT | $154,014,275 | $11,174,882 |
Adirondack Foundation Lake Placid, NY | $81,334,603 | $18,009,853 |
New York City Partnership Foundation Inc New York, NY | $45,208,462 | $5,342,641 |
Northwest Connecticut Community Foundation Inc Torrington, CT | $136,137,199 | $9,989,668 |
Westchester Community College Foundation Inc Valhalla, NY | $61,692,109 | $7,530,233 |
Greater Lowell Community Foundation Inc Lowell, MA | $59,223,650 | $8,473,367 |
Foundation For Metrowest Inc Natick, MA | $31,216,524 | $9,263,838 |
Community Foundation Of North Central Massachusetts Inc Fitchburg, MA | $67,231,130 | $10,261,158 |
Cambridge Community Foundation Cambridge, MA | $50,483,194 | $9,505,977 |
Chautauqua Region Community Foundation Inc Jamestown, NY | $142,153,687 | $14,207,759 |
Gurwin Jewish Geriatric Foundation Inc Commack, NY | $34,213,292 | $8,779,921 |