Wellesley Community Center INC

EIN 23-7154680 Public charity (501(c)(3)) Wellesley, MA

Form 990 (PDF) Compare with another nonprofit →

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Size

<$100K

What they do

Offers affordable space for civic and community groups to meet and work.

Leadership

Don Kelley · Chairman of the Board

Money in and out

$-271K revenue, $61K expenses

Bottom line

0% program efficiency

Offers affordable space for civic and community groups to meet and work. For fiscal year 2020 it reported $-271K in revenue, $61K in expenses, and $1.4M in net assets.Pt I

Where the money goes · FY2020

Total revenue

$-271K

Pt VIII · Ln 12

Total expenses

$61K

Pt IX · Ln 25

Net assets

$1.4M

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): −$332K

Where spending went · Part IX cols B–D

100%

Management & general $1.00

Program efficiency

of spending reaches programs

Operating runway

271.3mo

months of highly liquid reserves at operating expense rate

Goes to people

78%

of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2020 · Form 990

Total revenue

$-271K

Pt VIII · Ln 12

Total expenses

$61K

Pt IX · Ln 25

Net assets

$1.4M

Pt X · Ln 32

Revenue less expensesPt I · Ln 19−$332K

Total assetsPt X · Ln 16$1.4M

Program-expense ratioPt IX · col B0%

Voting members of governing bodyPt I · Ln 35

Independent voting membersPt I · Ln 45

Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2020.

Providing space to civic and community organizations

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CWellesley Community Center INC

EINHdr · item D23-7154680

Principal addressHdr · item CWellesley, MA

WebsiteHdr · item Jwww.wellesleycommunityctr.org

Year of formationHdr · item Lpending

State of legal domicileHdr · item MMA

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFCommunity Development (S190)

Ruling yearIRS BMFJan 1972

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1a5

Independent voting membersPt VI · Ln 1b5

Conflict-of-interest policyPt VI · Ln 12aNo

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

Don Kelley

Chairman of the Board

$0Pt VII · Sec A

Sandy Joseph

Clerk

$0Pt VII · Sec A

Charine Nestor

Treasurer

$0Pt VII · Sec A

John Harkavy

President

$0Pt VII · Sec A

Milton Manousaridis

Vice President

$0Pt VII · Sec A

Stephen Beach

Executive Director

$0Pt VII · Sec A

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

100%

Management & general $1.00

Management & general100%$61K

Total functional expensesLn 25$61K

Balance Sheet

Part X · end of year

CashLn 1$116K

Total assetsLn 16$1.4M

Total liabilitiesLn 26$0

Total net assetsLn 32$1.4M

Months of cash on handcomputed22.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $1.4M · Operating expenses/yr $61K

271.3 months

Where the money goes

Program services

Program services $0 · Total expenses $61K

Management & General

Management & general $61K · Total expenses $61K

100%

Fundraising

Fundraising $0 · Total expenses $61K

Cost to raise $1

Fundraising expense $0 · Solicited contributions $5K

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $5K · Total revenue $-271K

—

Government reliance

Government grants — · Total revenue $-271K

—

Earned-income share

Program service revenue $0 · Total revenue $-271K

—

Investment reliance

Investment income $-264K · Total revenue $-271K

—

Program self-sufficiency

Program service revenue $0 · Total expenses $61K

Growth & trend

Revenue growth (YoY)

This year $-271K · Prior year —

No prior year on file

Net-asset trend (YoY)

End of year $1.4M · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $-271K · Expenses $61K

—

Liabilities-to-Assets

Total liabilities — · Total assets $1.4M

—

Net-asset ratio

Net assets $1.4M · Total assets $1.4M

100%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) $1.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M

92%

People & payroll

Highest Reported Total Compensation

Individual Don Kelley · Reported title CHAIRMAN OF THE BOARD · Highest reported compensation $0 · Total expenses $61K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) $47K · Total expenses $61K

78%

Peer comparison

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

Metric	This org	Peer median	Percentile
Overhead ratio	100%	—	—
Fundraising cost ratio	0%	—	—
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.

Grants

Schedule I · funders on record

Grants received · FY2020

Cambridge Trust Charitable Found Fka Wellesley Bank Charitable FdnFY2020$500

Total grants receivedfrom 1 funder$500

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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

FY2020 (Latest)$-271K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2020IRS

Classification, formation year, addressIRS Business Master File

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