Leeward Charitable Foundation Inc
- Assets
- $1.2m
- Revenue
- $897.7k
- Investments
- $0.0
- Employees
- 31
- Location
- Salisbury, MA
- Founding
- 06/2009
- Data as of
- 12/2022
- EIN
- 26-4133421
Organization Overview
Leeward Charitable Foundation Inc is located in Salisbury, MA. The organization was established in 2009. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2022, Leeward Charitable Foundation Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leeward Charitable 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, Leeward Charitable Foundation Inc generated $897.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $808.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Leeward Charitable Foundation Inc has awarded 34 individual grants totaling $324,502. 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
LEEWARD CHARITABLE FOUNDATION, INC. OPERATES 2 CHARITABLE THRIFT STORES MASSACHUSETTS AND MAINE TO RECYCLE, REUSE AND RENEW FOR CHARITY IN ORDER TO ACHIEVE THEIR GOAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEEWARD CHARITABLE FOUNDATION THROUGH ITS OPERATIONS HELPS TO PROVIDE MUCH ASSISTANCE TO LOCAL COMMUNITY ORGANIZATIONS THAT FEED, CLOTHE AND SHELTER STRUGGLING FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Werner President | OfficerTrustee | 40 | $54,120 |
Shauna Werner Vice President | OfficerTrustee | 32 | $33,650 |
Kenneth Massone Secretary | OfficerTrustee | 2 | $0 |
Thomas Gilligan Treasurer | OfficerTrustee | 2 | $0 |
John Wallace Director | Trustee | 2 | $0 |
Cheryl Bursaw 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 | $4,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,025 |
| Total Program Service Revenue | $868,579 |
| Investment income | $51 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $897,655 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,968 |
| 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 | $377,361 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,723 |
| Payroll taxes | $31,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,887 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $221 |
| Office expenses | $5,785 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,809 |
| Travel | $3,137 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,789 |
| Insurance | $5,949 |
| All other expenses | $144,942 |
| Total functional expenses | $808,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $827,404 |
| 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 | $49,717 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $323,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,272 |
| Total assets | $1,203,741 |
| 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 | $185,693 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $185,693 |
| Net assets without donor restrictions | $1,018,048 |
| 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 | $1,203,741 |
Grants Awarded
Over the last fiscal year, Leeward Charitable Foundation Inc has awarded $50,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE PETTENGILL HOUSE INC PURPOSE: Food Support | $10,000 |
COMMUNITY ACTION INC PURPOSE: Food Support | $20,000 |
OUR NEIGHBORS TABLE PURPOSE: Food Support | $10,000 |
BOYS & GIRLS CLUB PURPOSE: Food Support | $10,000 |