Monadnock Trust FY2021 filing

Gardner, MA · Public charity (501(c)(3)) · Since 1929 · Youth Development

✕ IRS exemption revoked Latest data FY2021
Revenue
$41K
▼ -89% vs prior year
Spent
$31K
To programs
100%
Net assets
$1.8M
IRS revoked this organization's tax-exempt status on May 15, 2010
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).

Status and standing

Tax-deductible?
No — IRS exemption revoked
On the IRS revocation list.
Can I give now?
No — exemption revoked (2010-05-15)
On the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
1 funder — Community Foundation of North Central Massachusetts INC
$83K in the latest grant year.
Spent on programs?
100% to programs
Form 990 Part IX, latest filing.
Size and trend
<$100K
↓ -89% vs prior year
Legal name (IRS)Hdr · item CMonadnock Trust
EINHdr · item D04-6066555
Exempt statusHdr · item IRevoked
Ruling yearIRS BMFApr 1966
Year of formationHdr · item L1929
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CGardner, MA
NTEE classificationIRS BMFYouth Development (O50)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$31K
Total functional expensesLn 25$31K

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$41K
FY2021▼ -89%
Expenses
$31K
FY2021▲ +104%
Program efficiency
100%
of spending reaches programs
Operating runway
151.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+26%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.8M
FY2021▲ +0.6%
Total liabilities
$0
FY2021
Revenue less expensesPt I · Ln 19$11K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$11K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.8M
Months of cash on handcomputed4.2

Statement of Revenue

Part VIII
Other revenue$21K · 51%
Investment income$15K · 36%
Contributions & grants$5K · 12%
Other revenue51%$21K
Investment income36%$15K
Contributions & grants12%$5K
Total revenueLn 12$41K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $387K · Operating expenses/yr $31K
151.7 months
Where the money goes
Program services
Program services $31K · Total expenses $31K
100%
Management & General
Management & general $0 · Total expenses $31K
0%
Fundraising
Fundraising $0 · Total expenses $31K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $3K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $5K · Total revenue $41K
12%
Government reliance
Government grants — · Total revenue $41K
—
Earned-income share
Program service revenue $0 · Total revenue $41K
0%
Investment reliance
Investment income $15K · Total revenue $41K
+36%
Program self-sufficiency
Program service revenue $0 · Total expenses $31K
0%
Growth & trend
Revenue growth (YoY)
This year $41K · Prior year $392K
-89%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $41K · Expenses $31K
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
—
Net-asset ratio
Net assets $1.8M · Total assets $1.8M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $377K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
21%
People & payroll
Highest Reported Total Compensation
Individual Edward J Atter · Reported title Trustee · Highest reported compensation $0 · Total expenses $31K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $31K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth -89%——
Investment management fee ratio 0.2%——
Legal fee ratio 82%——
Accounting fee ratio 4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
See Monadnock Trust executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Provides environmental education and personal growth through summer camps and real estate facilities for youth.

Provided by the organization

This section is blank until Monadnock Trust claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $5K of program spending, described in the organization's own filed words · FY2021.
01

The organization is an exempt organization under 26 USC 501c 3. The organization made its real estate available to groups and organizations for summer camp, educational and recreational purposes.

$5Kprogram expense

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Funders

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$83K
Grants paid · 1 grant · $15K · 2020–2020
Monadnock Trust INCMA · FY2020$15,000

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $23K$7K-73% 990 PDF
FY2024 $86K$8K+103% 990 PDF
FY2023 $42K$15K-36% 990 PDF
FY2022 $66K$6K+59% 990 PDF
FY2021 Viewing $41K$31K-89% 990 PDF
FY2020 $392K$15K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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