Sarah Gillett Services For The Elderly Inc
- Assets
- $737.9k
- Revenue
- $85.3k
- Investments
- $725.7k
- Employees
- 0
- Location
- Westfield, MA
- Founding
- 09/1950
- Data as of
- 06/2022
- EIN
- 04-2131415
Organization Overview
Sarah Gillett Services For The Elderly Inc is located in Westfield, MA. The organization was established in 1950. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarah Gillett Services For The Elderly 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 06/2022, Sarah Gillett Services For The Elderly Inc generated $85.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $53.3k during the year ending 06/2022. 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 |
|---|---|---|---|
Diane Armstrong Vice President & Trustee | 2 | $0 | |
Mary O'connell Trustee | 2 | $0 | |
Gerald Rheume Trustee | 2 | $0 | |
Peter Martin Trustee | 2 | $0 | |
Douglas James Trustee | 2 | $0 | |
Francis Sposito Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,642 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,753 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $71,916 |
| Capital Gain Net Income | $71,916 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,311 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,095 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $236 |
| Total operating and administrative expenses | $12,288 |
| Contributions, gifts, grants paid | $40,970 |
| Total expenses and disbursements | $53,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,283 |
| Savings and temporary cash investments | $7,922 |
| 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 | $0 |
| Total assets | $737,908 |
| Accounts payable and accrued expenses | $1,000 |
| 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 | $7,494 |
| Total liabilities | $8,494 |
Grants Awarded
Over the last fiscal year, Sarah Gillett Services For The Elderly Inc has awarded $40,970 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMELIA PARK ICE ARENA PURPOSE: FOR ELDERLY OF WESTFIELD | $830 |
BAYSTATE HEALTH FOUNDATION PURPOSE: FOR ELDERLY OF WESTFIELD | $3,500 |
FOOD BANK OF WESTERN MASSACHUSETTS PURPOSE: FOR ELDERLY OF HATFIELD | $2,410 |
FRIENDS OF THE SOLDIERS HOME PURPOSE: FOR ELDERLY VETERANS | $1,630 |
DOMAS INC PURPOSE: FOR ELDERLY OF WESTFIELD | $1,300 |
HUNTINGTON COUNCIL ON AGING PURPOSE: FOR ELDERLY OF HUNTINGTON | $410 |