Billy Weiss Memorial Foundation
- Assets
- $232.7k
- Revenue
- $12.0k
- Investments
- $105.8k
- Employees
- 0
- Location
- Rockland, ME
- Founding
- 11/1999
- Data as of
- 12/2023
- EIN
- 01-0526972
Organization Overview
Billy Weiss Memorial Foundation is located in Rockland, ME. The organization was established in 1999. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Billy Weiss Memorial Foundation 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, Billy Weiss Memorial Foundation generated $12.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $15.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Mclean Secretary/tr | 0 | $0 | |
Jessie Rutter Vice-Preside | 0 | $0 | |
Steve Hanscom President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29 |
| Dividends & Interest | $6,699 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,243 |
| Capital Gain Net Income | $5,159 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,971 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $251 |
| Total operating and administrative expenses | $3,545 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $15,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,075 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $120,765 |
| Total assets | $232,675 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Billy Weiss Memorial Foundation has awarded $12,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SWEETSER PURPOSE: MENTAL HEALTH SERVICES TO NEEDY | $6,000 |
COASTAL OPPORTUNITIES PURPOSE: EMPLOYMENT FOR DISABLED ADULTS | $6,000 |