Yarmouth Police Foundation Inc
- Assets
- $426.6k
- Revenue
- $53.6k
- Investments
- $0.0
- Employees
- 0
- Location
- South Yarmouth, MA
- Founding
- 07/2013
- Data as of
- 12/2023
- EIN
- 46-2087396
Organization Overview
Yarmouth Police Foundation Inc is located in South Yarmouth, MA. The organization was established in 2013. According to its NTEE Classification (M60) the organization is classified as: Public Safety Benevolent Associations, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yarmouth Police 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 12/2023, Yarmouth Police Foundation Inc generated $53.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (38.0%) each year. All expenses for the organization totaled $15.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (42.9%) per year over the past 6 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE YARMOUTH POLICE FOUNDATION'S INC MISSION IS TO SUPPORT PROGRAMS DESIGNED TO HELP THE YARMOUTH POLICE DEPARTMENT KEEP PACE WITH RAPIDLY EVOLVING TECHNOLOGY,STRATEGIES AND TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS STATED IN THE MISSION STATEMENT,THE YARMOUTH POLICE FOUNDATION PROVIDES SUPPORT PROGRAMS DESIGNED TO HELP THE YARMOUTH POLICE DEPARTMENT KEEP PACE WITH RAPIDLY EVOLVING TECHNOLOGY, STRATEGIES AND TRAINING. THROUGH THIS THE YARMOUTH POLICE FOUNDATION PROVIDES THE NECESSARY FUNDING FOR PURCHASING NEW TECHNOLOGIES,INCLUDING TRAINING EQUIPMENT AND FACILITIES TO ASSIST THE YARMOUTH POLICE DEPARTMENT PROVIDE BETTER TRAINING OPPORTUNITIES FOR THEIR OFFICIERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bud Nugent President | OfficerTrustee | 2 | $0 |
Ken Sheytanian Vice President | OfficerTrustee | 2 | $0 |
Kristi Lanier Treasurer | OfficerTrustee | 8 | $0 |
Marcia Nugent Secretary | OfficerTrustee | 2 | $0 |
Jeffrey Senecal Director | Trustee | 1 | $0 |
Stephanie Brandt Director | 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 | $16,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,795 |
| Total Program Service Revenue | $0 |
| Investment income | $6,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,855 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,640 |
| 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 | $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 | $2,548 |
| 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 | $987 |
| 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 | $558 |
| All other expenses | $460 |
| Total functional expenses | $15,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $406,854 |
| 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 | $15,154 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,637 |
| Total assets | $426,645 |
| 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 | $273,287 |
| Net assets with donor restrictions | $153,358 |
| 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 | $426,645 |
Grants Awarded
Over the last fiscal year, Yarmouth Police Foundation Inc has awarded $121,447 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BARNSTABLE POLICE ASSOCIATION PURPOSE: TO SUPPORT THE BARNSTABLE POLICE ASSOCIATION IN THEIR MISSION. | $1,000 |
YARMOUTH POLICE FOUNDATION PURPOSE: TO SUPPORT THE YARMOUTH POLICE DEPARTMENT IN THEIR MISSIONS. | $73,724 |
CAPE COD FOUNDATION PURPOSE: TO PROVIDE THE FUNDS EARNMARKED FOR THE SEAN GANNON FUND AND NERO FUNDS. | $46,723 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
100 Club Of Rhode Island Inc Cranston, RI | $1,439,246 | $170,215 |
Somers Exempt Volunteer Firemens Benevolent Association Inc Lincolndale, NY | $1,645,193 | $155,978 |
Aeneas Mcdonald Police Benvolent Assoc Geneva, NY | $97,435 | $0 |
Volunteer & Exempt Firemens Benevolent Assoc Of Baldwin Nassau Baldwin, NY | $1,243,036 | $175,233 |
Flying Point Foundation For Autism Water Mill, NY | $406,246 | $0 |
100 Club Of Buffalo Inc Buffalo, NY | $257,856 | $0 |
Big Ed Org Inc Boston, MA | $188,936 | $45,127 |
Yarmouth Police Foundation Inc South Yarmouth, MA | $426,645 | $53,640 |
Pelham Volunteer Firemens Benevolent Association Inc Pelham, NY | $2,333,674 | $60,754 |