Clara Welch Thanksgiving Home Inc
- Assets
- $8.0m
- Revenue
- $2.6m
- Investments
- $622.6k
- Employees
- 0
- Location
- Cooperstown, NY
- Founding
- 08/1938
- Data as of
- 12/2022
- EIN
- 15-0543655
Organization Overview
Clara Welch Thanksgiving Home Inc is located in Cooperstown, NY. The organization was established in 1938. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clara Welch Thanksgiving Home 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 12/2022, Clara Welch Thanksgiving Home Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 1.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
OPERATION OF A HOME FOR THE AGED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane F Clark Pres. / Dir. | 0.1 | $0 | |
Edward Gozigian VP / Dir | 0.1 | $0 | |
Anthony J Fasano Treas. | 0.1 | $0 | |
Andrew R Marietta Sec. | 0.1 | $0 | |
James Bordley IV MD Dir. | 0.1 | $0 | |
Stephen M Duff Dir. | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,011,570 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,230 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$162 |
| Capital Gain Net Income | $29,189 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $602,999 |
| Total Revenue | $2,643,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,290,049 |
| Pension plans, employee benefits | $130,529 |
| Interest | $0 |
| Taxes | $74,148 |
| Depreciation | $283,744 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $645,938 |
| Total operating and administrative expenses | $2,457,188 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $2,467,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,367,929 |
| 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 | $4,963,359 |
| Other assets | $0 |
| Total assets | $7,953,839 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,000 |
Grants Awarded
Over the last fiscal year, Clara Welch Thanksgiving Home Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COOPERSTOWN EMERGENCY MEDICAL SQUAD PURPOSE: DONATION | $5,000 |
COOPERSTOWN FIRE DEPARTMENT PURPOSE: DONATION | $5,000 |