Waban Association FY2021 filing

Sanford, MEUnknown exempt organization EIN 01-0280513Revenue $147K in FY2021

On file with the IRS5 Dunaway Drive · Sanford, ME

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To fund the general welfare and education of persons with developmental disabilities.

Mission: Form 990 Part I, line 1

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $70K a year · 93% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
1686 mo
of spending, in cash
Looks good: 1685.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $17
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$825
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$147K
Spent
$11K
To programs
0%
Net assets
$1.6M
By yearFY2021–FY2022
Revenue
$147K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$147K
FY2022$3K
Expenses
$11K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$11K
FY2022$0
Net assets
$1.6M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.6M
FY2022$0

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 23% · $3K Fundraising 77% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Waban Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports the well-being and learning of people with developmental disabilities.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Program services are contributions to Waban Projects, Inc., a section 501 (c)(3) organization which operates homes and welfare/education programs for developmentally disabled individuals.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$17

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$147K
Ln 12
Gifts and grantsLn 1h$140K
Investment incomeLn 3$7K
Money outPt IX
$11K
Ln 25
Managementcol C$3K
Fundraisingcol D$9K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$1.6M
LiabilitiesLn 26$825
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$140K
Fundraising eventsLn 1c$99K
Investment incomeLn 3$7K
Total revenueLn 12$147K
Assets in detailPt X, end of year
CashLn 1$250K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.6M
Total assetsLn 16$1.6M
LiabilitiesLn 26$825
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.4M$1.6M
Total assetsLn 16$1.4M$1.6M
LiabilitiesLn 26$0$825
Net assetsLn 32$1.4M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$3K$3K
Other expenses (24a–d)Ln 24$9K$5$9K
Total functional expensesLn 25$11K$0$3K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $3K$0$3K$0 990 PDF
FY2021 Viewing $147K$11K$136K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $147,485 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $100,875$140,370
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $10,146$7,115
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $111,021$147,485
I-13 Grants and similar amounts paidPrior year $4,373$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $18,208$11,235
I-18 Total expensesPrior year $22,581$11,235
I-19 Revenue less expensesPrior year $88,440$136,250
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $147,485 across 6 lines filed
VIII-1c Fundraising events$98,799
VIII-1f All other contributions, gifts and grants$41,571
VIII-1h Total contributions, gifts and grants$140,370
VIII-3 Investment incomeExcluded from tax $7,115$7,115
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $7,115$147,485
Part IX · Statement of functional expenses $11,235 across 2 lines filed
IX-11g Other fees for servicesManagement $2,582$2,582
IX-24 Other expenses (24a–d)Management $5 · Fundraising $8,648$8,653
IX-25 Total functional expensesPrograms $0 · Management $2,587 · Fundraising $8,648$11,235
Part X · Balance sheet $1,582,131 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $312,009$250,000
X-2 Savings and temporary cash investmentsStart of year $1,127,338$1,328,126
X-4 Accounts receivableStart of year $5,709$4,005
X-16 Total assetsStart of year $1,445,056$1,582,131
X-17 Accounts payable and accrued expensesStart of year $0$825
X-26 Total liabilitiesStart of year $0$825
X-27 Net assets without donor restrictionsStart of year $828,699$851,896
X-28 Net assets with donor restrictionsStart of year $616,357$729,410
X-32 Total net assets or fund balancesStart of year $1,445,056$1,581,306
X-33 Total liabilities and net assetsStart of year $1,445,056$1,582,131
Part XI · Reconciliation of net assets $1,581,306 net assets at year end
XI-1 Total revenue$147,485
XI-2 Total expenses$11,235
XI-3 Revenue less expenses$136,250
XI-4 Net assets at start of year$1,445,056
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,581,306

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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