Wellesley Community Center Inc
- Assets
- $1.4m
- Revenue
- -$271.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 01/1972
- Data as of
- 12/2020
- EIN
- 23-7154680
Organization Overview
Wellesley Community Center Inc is located in Wellesley, MA. The organization was established in 1972. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellesley Community Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SPACE FOR CIVIC AND COMMUNITY ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SPACE TO CIVIC AND COMMUNITY ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Beach Executive Director | Officer | 40 | $0 |
Charine Nestor Treasurer | Trustee | 1 | $0 |
Don Kelley Chairman Of The Board | Trustee | 1 | $0 |
John Harkavy President | Trustee | 1 | $0 |
Sandy Joseph Clerk | Trustee | 1 | $0 |
Milton Manousaridis Vice President | Trustee | 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 | $4,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,515 |
| Total Program Service Revenue | $0 |
| Investment income | $11,213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$26,090 |
| Net Gain/Loss on Asset Sales | -$275,297 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$271,142 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $47,314 |
| 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 | $4,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,969 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1 |
| Travel | $1,311 |
| 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 | $60,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,647 |
| 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 | $1,252,985 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,368,632 |
| 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 | $1,068,086 |
| Net assets with donor restrictions | $300,546 |
| 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 | $1,368,632 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wellesley Community Center Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Cambridge Trust Charitable Found Fka Wellesley Bank Charitable Fdn Burlington, MA PURPOSE: EXEMPT PURPOSE | $500 |
Cambridge Trust Charitable Found Fka Wellesley Bank Charitable Fdn Burlington, MA PURPOSE: EXEMPT PURPOSE | $500 |
View Grant Recipient Profile
Endowment Analysis
| Beg. Balance | $175,551 |
| Ending Balance | $175,551 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ascend Foundation Inc New York, NY | $4,154,499 | $2,910,361 |
Ownership Works Inc New York, NY | $21,261,059 | $21,548,708 |
Upstate Venture Connect Corporation Little Falls, NY | $121,861 | $277,504 |
Beautiful Trouble Inc New York, NY | $258,057 | $346,876 |
Hubweek Inc Boston, MA | $966,556 | $899,423 |
Montague Reporter Incorporated Turners Falls, MA | $1,274 | $0 |
Lonsdale Ave Support Corporation New York, NY | $1,762,980 | $73,546 |
Long Island Tax Angels Inc Cedarhurst, NY | $48,461 | $38,023 |
Wellesley Community Center Inc Wellesley, MA | $1,368,632 | -$271,142 |
Blcs Property Holding Company Inc Bronx, NY | $0 | $0 |
Connecticut Captive Insurance Association Inc New Hartford, CT | $21,897 | $0 |
Fashion Group Foundation Inc New York, NY | $109,425 | $0 |