Newton Police Memorial Association
- Assets
- $1.3m
- Revenue
- $207.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- West Newton, MA
- Founding
- 01/1983
- Data as of
- 02/2022
- EIN
- 04-6339353
Organization Overview
Newton Police Memorial Association is located in West Newton, MA. The organization was established in 1983. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newton Police Memorial Association is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 02/2022, Newton Police Memorial Association generated $207.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $149.4k during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMBERSHIP BENEFITS TO ITS CONSTITUENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF RETIREMENT AND OTHER BENEFITS TO ITS MEMBERS AND CONSTITUENTS. DURING FISCAL 2022, BENEFITS WERE PROVIDED TO NINE RETIRING MEMBERS.
PROVISION OF SCHOLARSHIPS OF $1,500 TO MEMBERS' DEPENDENTS BASED ON NEED AND MERIT. DURING FISCAL 2022, SCHOLARSHIPS WERE PAID TO TWO MEMBERS' DEPENDENTS.
PROVISION OF CHARITABLE CONTRIBUTIONS TO LOCAL CHARITIES UPON REQUEST BY THE CHARITY AND THE AVAILABILITY OF FUNDS. DURING FISCAL 2022, CONTRIBUTIONS WERE MADE TO SIX DIFFERENT LOCAL CHARITIES. CONTRIBUTIONS WERE ALSO MADE TO INJURED POLICE OFFICERS AND AN INDIVIDUAL WHO HAD A HOUSE FIRE.
OTHER MEMBER RELATED PROGRAMMING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John P Claflin Jr Director/president | OfficerTrustee | 2 | $2,000 |
Robert Hill Director/vice President | OfficerTrustee | 2 | $2,000 |
Alexander Coletti Director/secretary | OfficerTrustee | 2 | $2,000 |
Richard W Bradley Director/treasurer | OfficerTrustee | 2 | $2,000 |
Kimberly Murray Director | Trustee | 2 | $1,700 |
John Panica Director | Trustee | 2 | $1,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,080 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $135,252 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,332 |
| Total Program Service Revenue | $0 |
| Investment income | $32,635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $849 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $207,554 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,200 |
| Grants and other assistance to domestic individuals. | $13,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $84,063 |
| Compensation of current officers, directors, key employees. | $17,800 |
| Compensation of current officers, directors, key employees. | $6,880 |
| 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 | $4,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $10,820 |
| Fees for services: Investment Management | $1,500 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,114 |
| 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 | $149,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,880 |
| 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 | $0 |
| Investments—other securities | $1,184,557 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,328,437 |
| 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 | $1,328,437 |
| 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 | $1,328,437 |
Grants Awarded
Over the last fiscal year, Newton Police Memorial Association has awarded $32,436 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Canton, MA PURPOSE: TO SUPPORT MISSION | $18,378 |
Plainville, MA PURPOSE: TO SUPPORT MISSION | $14,058 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Newton Police Memorial Association has recieved totaling $275.
| Awarding Organization | Amount |
|---|---|
Leon And Marion D Semonian Charitable Trust Ua 12032004 Newton, MA PURPOSE: CONTRIBUTION | $150 |
Kurzman Family Charitable Foundation Newton Centre, MA PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $125 |