Friends Of Wellesley Metco Inc
- Assets
- $302.1k
- Revenue
- $107.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 11/2007
- Data as of
- 09/2021
- EIN
- 26-0866367
Organization Overview
Friends Of Wellesley Metco Inc is located in Wellesley, MA. The organization was established in 2007. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Friends Of Wellesley Metco 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 09/2021, Friends Of Wellesley Metco Inc generated $107.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $136.4k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO SUPPORT METCO STUDENTS IN THE WELLESLEY PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBSIDIES FOR WELLESLEY METCO PROGRAM ACTIVITIES IN THE WELLESLEY PUBLIC SCHOOL SYSTEM INCLUDING TUTORING, TEST PREP, ACADEMIC ENRICHMENT AND EXTRA-CURRICULAR PROGRAMMING.
SCHOLARSHIPS AND ACADEMIC ACHIEVEMENT AWARDS FOR WELLESLEY METCO STUDENTS, INCLUDING MIDDLE AND HIGH SCHOOL STUDENTS, BUT PRIMARILY GRADUATING SENIORS AND ALUMNI ENROLLED IN POST-SECONDARY DEGREE PROGRAMS.
SUBSIDIES FOR AFTER-SCHOOL AND SUMMER ACADEMIC PROGRAMMING FOR ELEMENTARY, MIDDLE, AND HIGH SCHOOL STUDENTS AND FOR MIDDLE SCHOOL STUDENT CIVIL RIGHTS TRIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Westmoreland Co-President | OfficerTrustee | 2 | $0 |
Debbie Cutler Ortiz Assistant Tr | OfficerTrustee | 2 | $0 |
Tinea Rochelle Co-President | OfficerTrustee | 2 | $0 |
Maitri Patel Treasurer | OfficerTrustee | 2 | $0 |
Kelly Sinclair Secretary | OfficerTrustee | 2 | $0 |
Velita Person Director | Trustee | 2 | $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 | $106,421 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,421 |
| Total Program Service Revenue | $0 |
| Investment income | $898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,745 |
| Grants and other assistance to domestic individuals. | $79,410 |
| 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 | $411 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $270 |
| Advertising and promotion | $0 |
| Office expenses | $4,306 |
| 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 | $693 |
| All other expenses | $0 |
| Total functional expenses | $136,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,107 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $302,107 |
| 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 | $302,107 |
| 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 | $302,107 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Wellesley Metco Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Kahn Family Charitable Foundation Wellesley, MA PURPOSE: PROGRAM SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hansjorg Wyss Institute For Biologically Inspired Engineering Boston, MA | $178,608,152 | $47,853,271 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University Of Connecticut Foundation Incorporated Storrs, CT | $744,628,423 | $150,826,250 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Trustees For Harvard University Cambridge, MA | $1,524,141,919 | $57,204,982 |
The University Of Rhode Island Foundation & Alumni Engagement Kingston, RI | $283,152,721 | $40,864,874 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
University Of New Hampshire Foundation Incorporated Durham, NH | $251,217,834 | $34,299,189 |
Harvard Private Capital Realty Inc Boston, MA | $2,527,458,180 | $415,073,812 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Massachusetts Foundation Inc Boston, MA | $842,030,994 | $57,111,837 |