51 Walden INC FY2021 filing

Tax-deductible

Concord, MA501(c)(3)Arts & CultureEIN 23-7282019Revenue $128K in FY2021

On file with the IRS51walden.org51 Walden St, 01742-2504 · Concord, MATax-exempt since Feb 1973Publicly supported — 509(a)(2)

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Maintain and manage the building located at 51 Walden st, concord.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $32K a year · 22% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $10K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$128K
Spent
$172K
To programs
67%
Net assets
$466K
By yearFY2021–FY2025
Revenue
$128K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$128K
FY2022$129K
FY2023$152K
FY2024$132K
FY2025$187K
Expenses
$172K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$172K
FY2022$132K
FY2023$139K
FY2024$186K
FY2025$262K
Net assets
$466K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$466K
FY2022$463K
FY2023$476K
FY2024$422K
FY2025$347K

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

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1973.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $115K Management & general 31% · $53K Fundraising 2% · $3K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$0Pt VII · Sec A
President and Director
$0Pt VII · Sec A
Treasurer and Director
$0Pt VII · Sec A
Vice President and Directo
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Carole Wayland’s $39K as Secretary and Director is at the 33rd percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023
Carole Wayland$38,521$37,572$40,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Maintains and manages the building at 51 Walden Street in Concord.

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Provided by the organization

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2 programs · $115K · in their own filed words · FY2020
01

Maintained a building for resident performing arts groups

$115Kprogram expense
02

Special fundraining event performances

$455program expense

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 · FY2023
See all 3 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$128K
Ln 12
Gifts and grantsLn 1h$77K
Fees for servicesLn 2g$49K
Investment incomeLn 3$1K
Money outPt IX
$172K
Ln 25
Programscol B$115K
Managementcol C$53K
Fundraisingcol D$3K
Owns and owesPt X
$466K
net assets · Ln 32
Cash and savingsLn 1–2$207K
Total assetsLn 16$467K
LiabilitiesLn 26$2K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$77K
Government grantsLn 1e$26K
Fundraising eventsLn 1c$8K
Fees for servicesLn 2g$49K
Investment incomeLn 3$1K
Total revenueLn 12$128K
Assets in detailPt X, end of year
CashLn 1$194K
SavingsLn 2$13K
Cash and savings togetherLn 1–2$207K
Land, buildings, equipmentLn 10c$260K
Total assetsLn 16$467K
LiabilitiesLn 26$2K
Net assetsLn 32$466K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderJune
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
LineStart FY21End FY21
Cash and savingsLn 1–2$223K$207K
Land, buildings, equipmentLn 10c$297K$260K
Total assetsLn 16$519K$467K
LiabilitiesLn 26$10K$2K
Net assetsLn 32$509K$466K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$41K$41K
Other employee benefitsLn 9$531$531
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$6K$4K$2K
OccupancyLn 16$75K$75K
Conferences, conventions and meetingsLn 19$40$40
Depreciation, depletion and amortizationLn 22$37K$37K
InsuranceLn 23$4K$3K$798
Other expenses (24a–d)Ln 24$2K$951$625
Total functional expensesLn 25$172K$115K$53K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $187K$262K−$75K$347K 990 PDF
FY2024 $132K$186K−$54K$422K 990 PDF
FY2023 $152K$139K$14K$476K 990 PDF
FY2022 $129K$132K−$3K$463K 990 PDF
FY2021 Viewing $128K$172K−$44K$466K 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 FY2021 990 (6 parts)
Part I · Summary $127,669 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $77,842$77,449
I-9 Program service revenuePrior year $59,636$48,801
I-10 Investment incomePrior year $3,217$1,419
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $140,695$127,669
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $39,857$44,527
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $89,653$127,015
I-18 Total expensesPrior year $129,510$171,542
I-19 Revenue less expensesPrior year $11,185−$43,873
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $127,669 across 8 lines filed
VIII-1c Fundraising events$7,533
VIII-1e Government grants$25,900
VIII-1f All other contributions, gifts and grants$44,016
VIII-1h Total contributions, gifts and grants$77,449
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $48,801$48,801
VIII-3 Investment incomeExcluded from tax $1,419$1,419
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $48,801 · Unrelated business $0 · Excluded from tax $1,419$127,669
Part IX · Statement of functional expenses $171,542 across 11 lines filed
IX-7 Other salaries and wagesManagement $41,101$41,101
IX-9 Other employee benefitsManagement $531$531
IX-10 Payroll taxesManagement $2,895$2,895
IX-11c Accounting feesManagement $2,845$2,845
IX-12 Advertising and promotionFundraising $1,385$1,385
IX-13 Office expensesManagement $4,054 · Fundraising $1,825$5,879
IX-16 OccupancyPrograms $74,553$74,553
IX-19 Conferences, conventions and meetingsManagement $40$40
IX-22 Depreciation, depletion and amortizationPrograms $37,111$37,111
IX-23 InsurancePrograms $2,828 · Management $798$3,626
IX-24 Other expenses (24a–d)Programs $951 · Management $625$1,576
IX-25 Total functional expensesPrograms $115,443 · Management $52,889 · Fundraising $3,210$171,542
Part X · Balance sheet $467,065 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $79,725$193,884
X-2 Savings and temporary cash investmentsStart of year $142,942$13,167
X-10c Land, buildings and equipment, netStart of year $296,753$260,014
X-16 Total assetsStart of year $519,420$467,065
X-24 Unsecured notes and loans payableStart of year $7,900$0
X-25 Other liabilitiesStart of year $2,142$1,557
X-26 Total liabilitiesStart of year $10,042$1,557
X-27 Net assets without donor restrictionsStart of year $509,378$465,508
X-32 Total net assets or fund balancesStart of year $509,378$465,508
X-33 Total liabilities and net assetsStart of year $519,420$467,065
Part XI · Reconciliation of net assets $465,508 net assets at year end
XI-1 Total revenue$127,669
XI-2 Total expenses$171,542
XI-3 Revenue less expenses−$43,873
XI-4 Net assets at start of year$509,378
XI-9 Other changes in net assets$3
XI-10 Net assets at end of year$465,508

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

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