Westmoreland Club Charitable Foundation EIN 47-3233704

Westmoreland Club Charitable Foundation

EIN  47-3233704 Public foundation / grantmaker Wilkes Barre, PA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Offers scholarships to Westmoreland Club employees.
Leadership
Peter Butera · Director
Money in and out
$121K revenue, $23K expenses
Bottom line
100% program efficiency

Offers scholarships to Westmoreland Club employees. For fiscal year 2024 it reported $121K in revenue, $23K in expenses, and $513K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$121K
Pt VIII · Ln 12
Total expenses
$23K
Pt IX · Ln 25
Net assets
$513K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $97K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
255.9mo
months of highly liquid reserves at operating expense rate▼ -27% vs prior filing year
Surplus margin
+81%
revenue over expenses, this year0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$121K
FY2024▼ -11%
Expenses
$23K
FY2024▼ -10%
Total assets
$520K
FY2024▲ +23%
Total liabilities
$7K
FY2024▼ -5%
Total revenue
$121K
Pt VIII · Ln 12
Total expenses
$23K
Pt IX · Ln 25
Net assets
$513K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$97K
Total assetsPt X · Ln 16$520K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $23K of program spending, described in the organization's own filed words · FY2024.
01

Provide scholarship assistance to employees of the westmoreland club.

$23Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWestmoreland Club Charitable Foundation
EINHdr · item D47-3233704
Principal addressHdr · item CWilkes Barre, PA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFDec 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$78K · 64%
Investment income$43K · 36%
Contributions & grants64%$78K
Investment income36%$43K
Total revenueLn 12$121K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$23K
Total functional expensesLn 25$23K

Balance Sheet

Part X · end of year
CashLn 1$29K
Total assetsLn 16$520K
Total liabilitiesLn 26$7K
Total net assetsLn 32$513K
Months of cash on handcomputed14.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $501K · Operating expenses/yr $23K
255.9 months
Where the money goes
Program services
Program services $23K · Total expenses $23K
100%
Management & General
Management & general $0 · Total expenses $23K
0%
Fundraising
Fundraising $0 · Total expenses $23K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $87K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $78K · Total revenue $121K
64%
Government reliance
Government grants — · Total revenue $121K
Earned-income share
Program service revenue $0 · Total revenue $121K
0%
Investment reliance
Investment income $43K · Total revenue $121K
+36%
Program self-sufficiency
Program service revenue $0 · Total expenses $23K
0%
Growth & trend
Revenue growth (YoY)
This year $121K · Prior year $136K
-11%
Net-asset trend (YoY)
End of year $513K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $121K · Expenses $23K
+81%
Liabilities-to-Assets
Total liabilities — · Total assets $520K
Net-asset ratio
Net assets $513K · Total assets $520K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $472K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $520K
91%
People & payroll
Highest Reported Total Compensation
Individual Peter Butera · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $23K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $23K
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 -11%

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 · this organization's grantmaking
Grants paid · 4 grants · $49K · 2020–2024
Unitemized GrantFY2024$13,000
Unitemized GrantFY2023$15,000
Unitemized GrantFY2022$15,000
Unitemized GrantFY2020$6,000

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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)$121K revenue · viewing · ⤓ 990 PDF
FY2023$136K revenue · ⤓ 990 PDF
FY2022$59K revenue · ⤓ 990 PDF
FY2021$103K revenue · ⤓ 990 PDF
FY2020$15K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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