Leeward Charitable Foundation INC EIN 26-4133421

Leeward Charitable Foundation INC FY2020 filing

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Operates thrift stores to recycle, reuse, and renew goods for charity. For fiscal year 2020 it reported $1.3M in revenue, $1.1M in expenses, and $481K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Salisbury, MA
Website
www.leewardfoundation.org
Filings
5 on file (2020–2020)
Revenue
$1.3MFY2020
Expenses
$1.1M
Net assets
$481K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-4133421 Public charity (501(c)(3)) Salisbury, MA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Operates thrift stores to recycle, reuse, and renew goods for charity.
Leadership
Robert Werner · President · $57K
Money in and out
$1.3M revenue, $1.1M expenses
Bottom line
87% program efficiency
Where the money goes · FY2020
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$481K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $195K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13 Fundraising $0.00
Program efficiency
87%
of spending reaches programs
Operating runway
4.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$1.3M
FY2020
Expenses
$1.1M
FY2020
Total assets
$849K
FY2020
Total liabilities
$368K
FY2020
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$481K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$195K
Total assetsPt X · Ln 16$849K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $951K of program spending, described in the organization's own filed words · FY2020.
01

Leeward Charitable Foundation through its operations helps to provide much assistance to local community organizations that feed, clothe and shelter struggling families.

$951Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLeeward Charitable Foundation INC
EINHdr · item D26-4133421
Principal addressHdr · item CSalisbury, MA
WebsiteHdr · item Jwww.leewardfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P29)
Ruling yearIRS BMFJun 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$56,953Pt VII · Sec A
Vice President
$48,180Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert Werner’s $72K as President is at the 13th percentile of top reported officer pay among 3863 $1–10M human services 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Robert Werner$71,994$71,994
Robert Werner$54,120$54,332$56,953
Shauna Werner$33,650$48,490$48,180
Shauna Werner$16,400$17,800

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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Statement of Revenue

Part VIII
Program service revenue$1.2M · 94%
Contributions & grants$73K · 6%
Program service revenue94%$1.2M
Contributions & grants6%$73K
Investment income$147
Total revenueLn 12$1.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13 Fundraising $0.00
Program services87%$951K
Management & general13%$137K
Fundraising$654
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$449K
Total assetsLn 16$849K
Total liabilitiesLn 26$368K
Total net assetsLn 32$481K
Months of cash on handcomputed4.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $449K · Operating expenses/yr $1.1M
4.9 months
Where the money goes
Program services
Program services $951K · Total expenses $1.1M
87%
Management & General
Management & general $137K · Total expenses $1.1M
13%
Fundraising
Fundraising $654 · Total expenses $1.1M
0.06%
Cost to raise $1
Fundraising expense $654 · Solicited contributions $73K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $73K · Total revenue $1.3M
6%
Government reliance
Government grants — · Total revenue $1.3M
Earned-income share
Program service revenue $1.2M · Total revenue $1.3M
94%
Investment reliance
Investment income $147 · Total revenue $1.3M
+0.01%
Program self-sufficiency
Program service revenue $1.2M · Total expenses $1.1M
111%
Growth & trend
Revenue growth (YoY)
This year $1.3M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $481K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.3M · Expenses $1.1M
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $849K
Net-asset ratio
Net assets $481K · Total assets $849K
57%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $849K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robert Werner · Reported title President · Highest reported compensation $57K · Total expenses $1.1M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $666K · Total expenses $1.1M
61%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 0.9%
Accounting fee ratio 0.5%

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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$45
Grants paid · 22 grants · $268K · 2020–2024
Pettengill HouseMA · FY2024$15,000
Community Action INCMA · FY2024$15,000
Our Neighbors TableMA · FY2024$15,000
Community Action INCMA · FY2023$20,000
Our Neighbors TableMA · FY2023$12,000
Community Action INCMA · FY2022$20,000
Our Neighbors TableMA · FY2022$10,000
Pettengill HouseMA · FY2022$10,000
Pettengill HouseMA · FY2021$10,000
Our Neighbors TableMA · FY2021$10,000
Community Action INCMA · FY2021$10,000
Pettengill HouseMA · FY2021$10,000
Pettengill HouseMA · FY2020$20,000
See all 22 grants →

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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)$1.3M revenue · ⤓ 990 PDF
FY2023$731K revenue · ⤓ 990 PDF
FY2022$898K revenue · ⤓ 990 PDF
FY2021$1.6M revenue · ⤓ 990 PDF
FY2020$1.3M 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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