Friends of Wellesley Veterans Inc
Nonprofit profile at a glance
- EIN
- 882243216
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- Wellesley, MA, USA
- Phone
- 7819299095
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Historical Societies, Related Historical Activities
Reported finances
- Revenue
- $59,432
- Expenses
- $54,306
- Assets
- $17,803
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- CARL NELSON (PRESIDENT &)
People named in this filing
- CARL NELSON (PRESIDENT &)
- CONSTANTINO DELOLLIS (TREASURER &)
- CHRISTOPHER CAVALLERANO (CLERK & DIRE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation shall at all times operate on a non-profit basis for advancing education and awareness among wellesley residents on the contributions of u.s. Veterans who have resided in wellesley and shall ensure that the revenue of the corporation is used solely in furtherance of its non-profit purpose.
What it reported doing in 2024
The corporation provided funding to the town of wellesley, ma to fund the annual wellesley veterans parade on may 19, 2024.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 84% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 100
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.4%; rating input score 91
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 8.6%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 0.33; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 65.5% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 58.5% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 62.7% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 91.4% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $54K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.