Wollaston Lutheran Foundation Inc
- Assets
- $17.4m
- Revenue
- $19.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Quincy, MA
- Founding
- Data as of
- 12/2021
- EIN
- 85-3449732
Organization Overview
Wollaston Lutheran Foundation Inc is located in Quincy, MA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Wollaston Lutheran 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOLD, INVEST, MANAGE, AND DEPLOY FUNDS FOR THE CHARITABLE PURPOSES OF SUPPORTING PROGRAMS AND ACTIVITIES THAT BENEFIT INDIVIDUALS WHO RESIDE IN AND AROUND QUINCY, MA. SUPPORT FOUR NAMED NON-PROFITS WHICH DO THE SAME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MADE SEVERAL DONATIONS TO THE WOLLASTON LUTHERAN CHURCH OF QUINCY, MA TO SUPPORT THEIR EFFORTS TO PROVIDE CHILDCARE AND PRE-SCHOOL EDUCATIONAL ACTIVITIES AT THE WOLLASTON CHILD CARE CENTER AND PROVIDE A PARSONAGE FOR THE PASTORAL STAFF. A DONATION WAS ALSO PROVIDED TO ASSIST A LOW-INCOME ELDERLY HOUSING PROJECT TO SECURE REFINANCING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Wismar President/tr | OfficerTrustee | 4 | $0 |
Rev Steve Law Director/vic | OfficerTrustee | 0.5 | $0 |
Lola Tom Director / C | OfficerTrustee | 0.5 | $0 |
Marcia Bailey Director | Trustee | 0.5 | $0 |
Rev James Kimmell Director | Trustee | 0.5 | $0 |
Komborero Shoko Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $19,406,009 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,406,009 |
| Total Program Service Revenue | $0 |
| Investment income | $6,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,326 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,426,962 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,183,173 |
| 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 | $2,822 |
| Fees for services: Accounting | $0 |
| 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 | $771 |
| 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 | $2,186,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,847 |
| 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 | $17,296,340 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,363,187 |
| Accounts payable and accrued expenses | $3,659 |
| 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 | $109,895 |
| Total liabilities | $113,554 |
| Net assets without donor restrictions | $17,249,633 |
| 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 | $17,363,187 |
Grants Awarded
Over the last fiscal year, Wollaston Lutheran Foundation Inc has awarded $2,183,173 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Quincy, MA PURPOSE: PARSONAGE SUPPORT | $1,258,044 |
Quincy, MA PURPOSE: PRESCHOOL SUPPORT | $838,147 |
Quincy, MA PURPOSE: PROGRAM SUPPORT | $86,982 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |