Williamstown Community Chest
- Assets
- $2.1m
- Revenue
- $438.0k
- Investments
- $1.9m
- Employees
- 2
- Location
- Williamstown, MA
- Founding
- 10/1946
- Data as of
- 09/2023
- EIN
- 04-6044550
Organization Overview
Williamstown Community Chest is located in Williamstown, MA. The organization was established in 1946. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2023, Williamstown Community Chest employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Williamstown Community Chest 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 09/2023, Williamstown Community Chest generated $438.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $489.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Williamstown Community Chest has awarded 157 individual grants totaling $2,461,106. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING OUR COMMUNITY BY MOBILIZING RESOURCES FOR ORGANIZATIONS THAT ASSIST OUR NEIGHBORS IN NEED; 100% OF ANNUAL FUNDRAISING CAMPAIGN IS DISTRIBUTED TO SUPPORT 18 LOCAL SERVICE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISSUANCE OF GRANTS TO LOCAL HUMAN SERVICE ORGANIZATIONS - ALL 501C(3)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Art Vice Preside | OfficerTrustee | 3 | $0 |
Markus Burns Director | Trustee | 1.5 | $0 |
Matthew Carter President | OfficerTrustee | 8 | $0 |
Thomas Cragg Treasurer | OfficerTrustee | 3 | $0 |
Thomas Green Director | Trustee | 1.5 | $0 |
Amy Jeschawitz Director | Trustee | 1.5 | $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 | $351,299 |
| Noncash contributions included in lines 1a–1f | $36,510 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $351,299 |
| Total Program Service Revenue | $0 |
| Investment income | $76,708 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,000 |
| Net Gain/Loss on Asset Sales | -$1,210 |
| Net Income from Fundraising Events | $8,247 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $438,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $309,750 |
| 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. | $46,738 |
| Compensation of current officers, directors, key employees. | $11,684 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,360 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,195 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,950 |
| Fees for services: Other | $0 |
| Advertising and promotion | $860 |
| Office expenses | $3,713 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $40 |
| 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 | $563 |
| Insurance | $3,427 |
| All other expenses | $6,940 |
| Total functional expenses | $489,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $23,489 |
| 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 | $1,605 |
| Net Land, buildings, and equipment | $565 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,936,780 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,093,363 |
| Accounts payable and accrued expenses | $3,632 |
| 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 | $3,632 |
| Net assets without donor restrictions | $1,268,105 |
| Net assets with donor restrictions | $821,626 |
| 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 | $2,093,363 |
Grants Awarded
Over the last fiscal year, Williamstown Community Chest has awarded $309,750 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
18 DEGREES PURPOSE: SUPPORT | $6,300 |
BERKSHIRE COUNTY KIDS' PLACE PURPOSE: SUPPORT | $6,300 |
BERKSHIRE FAMILY & INDIVIDUAL RESOU PURPOSE: SUPPORT | $6,300 |
BERKSHIRE FAMILY YMCA PURPOSE: SUPPORT | $25,200 |
BERKSHIRE IMMIGRANT CENTER PURPOSE: SUPPORT | $11,550 |
BERKSHIRE NURSING FAMILIES PURPOSE: SUPPORT | $7,350 |