Ledyard Ecclesiastical Society EIN 06-6041057

Ledyard Ecclesiastical Society FY2021 filing

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Manages funds and property for a historic church and its minister, maintaining and improving buildings. For fiscal year 2021 it reported $25K in revenue, $16K in expenses, and $2.6M in net assets.Pt I

Type
Supporting organization · Religion
Location
Ledyard, CT
Filings
5 on file (2020–2021)
Revenue
$25KFY2021
Expenses
$16K
Net assets
$2.6M
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  06-6041057 Supporting organization Ledyard, CT
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Manages funds and property for a historic church and its minister, maintaining and improving buildings.
Leadership
David Holdridge - President · 29 Church Hill Road, Ledyard, Ct 06339
Money in and out
$25K revenue, $16K expenses
Bottom line
+36% net inflow
Money in and out · FY2021
Total revenue
$25K
Pt VIII · Ln 12
Total expenses
$16K
Pt IX · Ln 25
Net assets
$2.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9K
Where spending went · Part IX cols B–D
Program services $1.00
Net inflow
+36%
revenue over expenses, this year
Pass-through gifts
30%
of revenue from contributions
Program spending
100%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$25K
FY2021▼ -82%
Expenses
$16K
FY2021▼ -5%
Total assets
$2.6M
FY2021▲ +4%
Total liabilities
$0
FY2021
Total revenue
$25K
Pt VIII · Ln 12
Total expenses
$16K
Pt IX · Ln 25
Net assets
$2.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9K
Total assetsPt X · Ln 16$2.6M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420
Mission & Programs · Part III

Where the work happens

1 program service account for $16K of program spending, described in the organization's own filed words · FY2021.
01

The Ledyard Ecclesiastical Society manages the funds and property endowed to the Society in support of the First Congregational Church of Ledyard and its minister. Operating expenses including endowment payment

$16Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLedyard Ecclesiastical Society
EINHdr · item D06-6041057
Principal addressHdr · item CLedyard, CT
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X21)
Ruling yearIRS BMFMay 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b20
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
29 Church Hill Road, Ledyard, Ct 06339
$0Pt VII · Sec A
84 Spicer Hill Road, Ledyard, Ct 06339
$0Pt VII · Sec A
8 Darrows Ridge, East Lyme, Ct 06333
$0Pt VII · Sec A
591 Colonel Ledyard Highway, Ledyard, Ct 06339
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$17K · 70%
Contributions & grants$7K · 30%
Investment income70%$17K
Contributions & grants30%$7K
— government grantsLn 1e$7K
Total revenueLn 12$25K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$16K
Total functional expensesLn 25$16K

Balance Sheet

Part X · end of year
CashLn 1$45K
Total assetsLn 16$2.6M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.6M
Months of cash on handcomputed34.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $683K · Operating expenses/yr $16K
514.8 months
Where the money goes
Program services
Program services $16K · Total expenses $16K
100%
Management & General
Management & general $0 · Total expenses $16K
0%
Fundraising
Fundraising $0 · Total expenses $16K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $7K · Total revenue $25K
30%
Government reliance
Government grants $7K · Total revenue $25K
30%
Earned-income share
Program service revenue $0 · Total revenue $25K
0%
Investment reliance
Investment income $17K · Total revenue $25K
+70%
Program self-sufficiency
Program service revenue $0 · Total expenses $16K
0%
Growth & trend
Revenue growth (YoY)
This year $25K · Prior year $137K
-82%
Net-asset trend (YoY)
End of year $2.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $25K · Expenses $16K
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $2.6M
Net-asset ratio
Net assets $2.6M · Total assets $2.6M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $638K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.6M
25%
People & payroll
Highest Reported Total Compensation
Individual David Holdridge - President · Reported title 29 Church Hill Road, Ledyard, CT 06339 · Highest reported compensation $0 · Total expenses $16K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $16K
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 -82%
Accounting fee ratio 8%

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$33K revenue · ⤓ 990 PDF
FY2023$43K revenue · ⤓ 990 PDF
FY2022$25K revenue · ⤓ 990 PDF
FY2021$25K revenue · viewing · ⤓ 990 PDF
FY2020$137K revenue · ⤓ 990 PDF

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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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