Weston Memorial Fund EIN 82-6756741

Weston Memorial Fund

EIN  82-6756741 Public charity (501(c)(3)) East Sandwich, MA
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Invests assets to maintain and support the Sandwich Public Library.
Leadership
Peter Conathan · Chairman
Money in and out
$45K revenue, $89K expenses
Bottom line
100% program efficiency

Invests assets to maintain and support the Sandwich Public Library. For fiscal year 2024 it reported $45K in revenue, $89K in expenses, and $2.5M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$45K
Pt VIII · Ln 12
Total expenses
$89K
Pt IX · Ln 25
Net assets
$2.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$44K
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
336.0mo
months of highly liquid reserves at operating expense rate▼ -13% vs prior filing year
Surplus margin
-98%
revenue over expenses, this year▼ -409% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$45K
FY2024▼ -58%
Expenses
$89K
FY2024▲ +23%
Total assets
$2.5M
FY2024▲ +7%
Total liabilities
$0
FY2024
Total revenue
$45K
Pt VIII · Ln 12
Total expenses
$89K
Pt IX · Ln 25
Net assets
$2.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$44K
Total assetsPt X · Ln 16$2.5M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $89K of program spending, described in the organization's own filed words · FY2024.
01

Contributions totaling $985 were received towards furthering the memorial funds charitable purpose of general support of the sandwich public library. Investment income totaling $44,152 was received, $87,799 was turned over to the sandwich public library for general support and office expenses of $1,689 were paid.

$89Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWeston Memorial Fund
EINHdr · item D82-6756741
Principal addressHdr · item CEast Sandwich, MA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B70)
Ruling yearIRS BMFFeb 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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
$0Pt VII · Sec A
Treasurer/Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$44K · 98%
Contributions & grants$985 · 2%
Investment income98%$44K
Contributions & grants2%$985
Total revenueLn 12$45K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$89K
Total functional expensesLn 25$89K

Balance Sheet

Part X · end of year
CashLn 1$187K
Total assetsLn 16$2.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.5M
Months of cash on handcomputed25.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.5M · Operating expenses/yr $89K
336.0 months
Where the money goes
Program services
Program services $89K · Total expenses $89K
100%
Management & General
Management & general $0 · Total expenses $89K
0%
Fundraising
Fundraising $0 · Total expenses $89K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $17K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $985 · Total revenue $45K
2%
Government reliance
Government grants — · Total revenue $45K
Earned-income share
Program service revenue $0 · Total revenue $45K
0%
Investment reliance
Investment income $44K · Total revenue $45K
+98%
Program self-sufficiency
Program service revenue $0 · Total expenses $89K
0%
Growth & trend
Revenue growth (YoY)
This year $45K · Prior year $107K
-58%
Revenue CAGR
FY2020 $564K · FY2024 $45K
-47%
Net-asset trend (YoY)
End of year $2.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $45K · Expenses $89K
-98%
Liabilities-to-Assets
Total liabilities — · Total assets $2.5M
Net-asset ratio
Net assets $2.5M · Total assets $2.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.5M
93%
People & payroll
Highest Reported Total Compensation
Individual Peter Conathan · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $89K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $89K
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 -58%
Accounting fee ratio 1%

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 · 5 grants · $282K · 2020–2024
Sandwich Public LibraryFY2024$87,799
Sandwich Public LibraryFY2023$71,107
Sandwich Public LibraryFY2022$49,527
Sandwich Public LibraryFY2021$39,483
Sandwich Public LibraryFY2020$33,836

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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)$45K revenue · viewing · ⤓ 990 PDF
FY2023$107K revenue · ⤓ 990 PDF
FY2022$92K revenue · ⤓ 990 PDF
FY2021$357K revenue · ⤓ 990 PDF
FY2020$564K 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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