265 Acushnet INC: Nonprofit Profile, Financials & Form 990 (EIN 04-2121763)

Revenue by fiscal year
FY2020	$44K
FY2021	$156K
FY2022	$197K
FY2023	$301K
FY2024	$300K

Expenses by fiscal year
FY2020	$95K
FY2021	$139K
FY2022	$195K
FY2023	$192K
FY2024	$199K

Net assets by fiscal year
FY2020	$417K
FY2021	$434K
FY2022	$485K
FY2023	$603K
FY2024	$702K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1946.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $199K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation

Eric James

Director

$0Pt VII · Sec A

Lionel Demars

Finance Officer Treasurer

$0Pt VII · Sec A

Nick Laruca

Adjutant

$0Pt VII · Sec A

Richard Contois

Sargeant at Arms

$0Pt VII · Sec A

Michael Jenney

President

$0Pt VII · Sec A

William Kigel

Clerk

$0Pt VII · Sec A

See 265 Acushnet INC 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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

265 Acushnet INC is a member-serving organization based in Acushnet, MA.

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Provided by the organization

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1 program · $199K · in their own filed words · FY2024

01

Liquor sales, hall rental, entertainment

$199Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$300K

Ln 12

Other incomeLn 4–11$277K

Investment incomeLn 3$22K

Gifts and grantsLn 1h$600

Money outPt IX

$199K

Ln 25

Programscol B$199K

Owns and owesPt X

$702K

net assets · Ln 32

Cash and savingsLn 1–2$562K

Total assetsLn 16$702K

LiabilitiesLn 26$0

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a141

IndependentVI 1b141

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$600

Noncash giftsLn 1g$600

Investment incomeLn 3$22K

Other incomeLn 4–11$277K

Total revenueLn 12$300K

Assets in detailPt X, end of year

CashLn 1$3K

SavingsLn 2$559K

Cash and savings togetherLn 1–2$562K

Land, buildings, equipmentLn 10c$140K

Total assetsLn 16$702K

LiabilitiesLn 26$0

Net assetsLn 32$702K

OperationsPt I, VI

EmployeesI 57

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$502K	$562K
Land, buildings, equipmentLn 10c	$101K	$140K
Total assetsLn 16	$603K	$702K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$603K	$702K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$74K	$74K
Payroll taxesLn 10	$7K	$7K
Accounting feesLn 11c	$3K	$3K
Office expensesLn 13	$257	$257
Depreciation, depletion and amortizationLn 22	$12K	$12K
InsuranceLn 23	$17K	$17K
Other expenses (24a–d)Ln 24	$9K	$9K
All other expensesLn 24e	$77K	$77K
Total functional expensesLn 25	$199K	$199K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$300K	$199K	$101K	$702K	990 PDF
FY2023	$301K	$192K	$110K	$603K	990 PDF
FY2022	$197K	$195K	$2K	$485K	990 PDF
FY2021	$156K	$139K	$17K	$434K	990 PDF
FY2020	$44K	$95K	−$51K	$417K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (6 parts)

Part I · Summary $299,751 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $282$600

I-9 Program service revenue$0

I-10 Investment incomePrior year $8,901$22,476

I-11 Other revenuePrior year $292,200$276,675

I-12 Total revenuePrior year $301,383$299,751

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $86,221$81,314

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $105,621$117,605

I-18 Total expensesPrior year $191,842$198,919

I-19 Revenue less expensesPrior year $109,541$100,832

Part VI · Governance 141 of 141 board members independent, 4 to look at

VI-1a Voting members of the governing body141

VI-1b Independent voting members141

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $299,751 across 7 lines filed

Lines not itemized here account for $255,591 of total revenue; see the IRS return.

VIII-1b Membership dues$600

VIII-1g Noncash contributions (included above)$600

VIII-1h Total contributions, gifts and grants$600

VIII-3 Investment incomeRelated to mission $22,476$22,476

VIII-8 Net income from fundraising events$0

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $21,084$21,084

VIII-12 Total revenueRelated to mission $299,151 · Unrelated business $0 · Excluded from tax $0$299,751

Part IX · Statement of functional expenses $198,919 across 8 lines filed

IX-7 Other salaries and wagesPrograms $74,489$74,489

IX-10 Payroll taxesPrograms $6,825$6,825

IX-11c Accounting feesPrograms $2,910$2,910

IX-13 Office expensesPrograms $257$257

IX-22 Depreciation, depletion and amortizationPrograms $12,098$12,098

IX-23 InsurancePrograms $16,760$16,760

IX-24 Other expenses (24a–d)Programs $8,635$8,635

IX-24e All other expensesPrograms $76,945$76,945

IX-25 Total functional expensesPrograms $198,919 · Management $0 · Fundraising $0$198,919

Part X · Balance sheet $702,373 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $6,069$3,446

X-2 Savings and temporary cash investmentsStart of year $495,646$559,021

X-10c Land, buildings and equipment, netStart of year $100,904$139,906

X-16 Total assetsStart of year $602,619$702,373

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $602,619$702,373

X-33 Total liabilities and net assetsStart of year $602,619$702,373

Part XI · Reconciliation of net assets $702,373 net assets at year end

XI-1 Total revenue$299,751

XI-2 Total expenses$198,919

XI-3 Revenue less expenses$100,832

XI-4 Net assets at start of year$602,619

XI-8 Prior period adjustments−$1,078

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$702,373

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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265 Acushnet INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for 265 Acushnet INC

By the numbers

Filing history

Schedules filed Part IV