The Welcome Party Inc
- Assets
- $428.1k
- Revenue
- $856.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Boston, MA
- Founding
- Data as of
- 09/2023
- EIN
- 84-3511352
Organization Overview
The Welcome Party Inc is located in Boston, MA. As of 09/2023, Welcome Party Inc employed 3 individuals. Welcome Party Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Welcome Party Inc generated $856.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 54.5% each year . All expenses for the organization totaled $808.7k during the year ending 09/2023. While expenses have increased by 64.2% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO IMPROVE AND BROADEN PARTICIPATION IN DEMOCRACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RESEARCHED VOTER PARTICIPATION AND ATTITUDES, SURVEYING CITIZENS AND CONDUCTING OUTREACH TO POTENTIAL VOTERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liam Kerr Director, President | OfficerTrustee | 5 | $0 |
Catharine Bellinger Director | Trustee | 1 | $0 |
Mike Bland Director | Trustee | 1 | $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 | $825,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $825,000 |
| Total Program Service Revenue | $29,246 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $856,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,750 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,093 |
| Pension plan accruals and contributions | $3,884 |
| Other employee benefits | $0 |
| Payroll taxes | $13,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,039 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $17,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $544,763 |
| Advertising and promotion | $430 |
| Office expenses | $16,454 |
| Information technology | $3,192 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $57,869 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,837 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $845 |
| All other expenses | $2,301 |
| Total functional expenses | $808,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,990 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $328,246 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $41,882 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $428,118 |
| Accounts payable and accrued expenses | $134,761 |
| 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 | $17,505 |
| Total liabilities | $152,266 |
| Net assets without donor restrictions | $275,852 |
| 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 | $428,118 |
Grants Awarded
Over the last fiscal year, The Welcome Party Inc has awarded $175,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THIRD WAY PURPOSE: ADVOCACY | $100,000 |
WELCOMEPAC PURPOSE: POLITICAL | $75,000 |