Carleton-Willard Foundation Inc
- Assets
- $809.8k
- Revenue
- $11.4k
- Investments
- $672.5k
- Employees
- 0
- Location
- Bedford, MA
- Founding
- 10/2007
- Data as of
- 12/2022
- EIN
- 20-5785760
Organization Overview
Carleton-Willard Foundation Inc is located in Bedford, MA. The organization was established in 2007. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Carleton-Willard Foundation Inc 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, Carleton-Willard Foundation Inc generated $11.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $14.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Carleton-Willard Foundation Inc has awarded 14 individual grants totaling $275,763. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS ESTABLISHED AS A FUNDRAISING RESOURCE FOR CARLETON-WILLARD HOMES, INC.(CWH), TO SUPPORT CWH IN CARRYING OUT ITS EXEMPT PURPOSE, THAT OF HELPING THE ELDERLY WITH THEIR HOUSING, MEDICAL AND SOCIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES GRANTS TO THE TOWN OF BEDFORD TO OPERATE THE WHEELS OF LIFE PROGRAM PROVIDING SENIORS TRANSPORTATION TO MEDICAL APPOINTMENTS.
PROVIDES LUNCH TO SENIORS IN THE TOWN OF BEDFORD THROUGH MINUTEMAN SENIOR SERVICES THREE TIMES PER WEEK. APPROXIMATELY 1,200 MEALS WERE PROVIDED IN 2020. THE PROGRAM WAS ON PAUSE FOR 2021 & 2022 DUE TO COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara A Doyle President, CEO & Trustee | OfficerTrustee | 0.1 | $0 |
Christopher Anderson Trustee | Trustee | 0.1 | $0 |
Malcolm Creighton Trustee | Trustee | 0.1 | $0 |
Therese Cunningham Trustee | Trustee | 0.1 | $0 |
William W Gallagher III Vice-Chair (until 6/16/22), Trustee | Trustee | 0.1 | $0 |
John Glaser Trustee | Trustee | 0.1 | $0 |
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 | $12,043 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,043 |
| Total Program Service Revenue | $0 |
| Investment income | $10,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,411 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,805 |
| Fees for services: Other | $36 |
| Advertising and promotion | $0 |
| Office expenses | $48 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $14,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,911 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $48,262 |
| Investments—other securities | $672,463 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,136 |
| Total assets | $809,772 |
| 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 | $212,092 |
| Total liabilities | $212,092 |
| Net assets without donor restrictions | $597,680 |
| Net assets with donor restrictions | $0 |
| 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 | $809,772 |
Grants Awarded
Over the last fiscal year, Carleton-Willard Foundation Inc has awarded $15,533 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WHEELS OF LIFE - TOWN OF BEDFORD PURPOSE: PROVIDE MEDICAL TRANSPORTATION SERVICES TO SENIORS IN THE TOWN OF BEDFORD | $10,500 |
MINUTEMAN SENIOR SERVICES PURPOSE: PROVIDE LUNCH TO SENIORS IN THE TOWN OF BEDFORD THREE TIMES A WEEK | $5,033 |