2024-11-15T16:41:45-06:00 2023-12-31 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2023-01-01 205785760 CARLETON-WILLARD FOUNDATION INC CARL 7812758700 100 OLD BILLERICA ROAD BEDFORD MA 01730 CHRISTOPHER J GOLEN PRESIDENT & CEO 7812758700 2024-11-15 1 0 KAREN LO P01434915 6179129000 2023 2024-10-15 13:58:12Z CHRISTOPHER J GOLEN 100 OLD BILLERICA ROAD BEDFORD MA 01730 37867 0 X WWW.CWVILLAGE.ORG X 2006 MA THE FOUNDATION WAS ESTABLISHED AS A FUNDRAISING RESOURCE FOR CARLETON-WILLARD HOMES, INC.(CWH), TO SUPPORT CWH IN CARRYING OUT ITS EXEMPT PURPOSE, THAT OF HELPING THE ELDERLY WITH THEIR HOUSING, MEDICAL AND SOCIAL NEEDS. 10 10 0 12 0 0 12043 0 0 15220 -632 22647 0 0 11411 37867 10500 0 0 0 0 0 0 0 0 3889 3838 14389 3838 -2978 34029 809772 934508 212092 213157 597680 721351 THE FOUNDATION WAS ESTABLISHED AS A FUNDRAISING RESOURCE FOR CARLETON-WILLARD HOMES, INC.(CWH), TO SUPPORT CWH IN CARRYING OUT ITS EXEMPT PURPOSE, THAT OF HELPING THE ELDERLY WITH THEIR HOUSING, MEDICAL AND SOCIAL NEEDS. 0 0 15 15220 PROVIDES LUNCH TO SENIORS IN THE TOWN OF BEDFORD THROUGH MINUTEMAN SENIOR SERVICES THREE TIMES PER WEEK. APPROXIMATELY 1,200 MEALS WERE PROVIDED IN 2023. PROVIDES GRANTS TO THE TOWN OF BEDFORD TO OPERATE THE WHEELS OF LIFE PROGRAM PROVIDING SENIORS TRANSPORTATION TO MEDICAL APPOINTMENTS. 15 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 0 0 1 1 1 1 1 1 1 1 0 0 0 MA X MICHAEL P MATTHEWS 7812758700 100 OLD BILLERICA ROAD BEDFORD MA 01730 JOHN E CUPPLES TRUSTEE 0.10 0.90 X 0 0 0 PAUL HARRISON JR TRUSTEE 0.10 0.90 X 0 0 0 REV JOHN C LOMBARD D MIN TRUSTEE 0.10 1.10 X 0 0 0 JAMES A SALTONSTALL TRUSTEE 0.10 1.60 X 0 0 0 ADRIENNE SMITH TRUSTEE 0.10 1.00 X 0 0 0 TOM WOODHOUSE TRUSTEE 0.10 0.90 X 0 0 0 RUTH W PIPER BOARD CHAIR 0.10 3.00 X X 0 0 0 WILLIAM W GALLAGHER III VICE CHAIR 0.10 3.00 X X 0 0 0 JEFFREY R WILLIAMS TREASURER (AS OF 6/15/23) 0.10 1.00 X X 0 0 0 WILLIAM W JACKSON TREASURER (THRU 4/20/23) 0.10 1.50 X X 0 0 0 ANN MARIE TEUBER LMFT CLERK 0.10 1.00 X X 0 0 0 BARBARA A DOYLE PRESIDENT & CEO (THRU 5/5/23) 0.10 65.40 X 0 331574 14843 CHRISTOPHER GOLEN PRESIDENT & CEO (AS OF 4/24/23) 0.10 65.40 X 0 295780 24061 JANET D SILVERMAN CFO (THRU 6/29/23) 0.10 65.40 X 0 216211 16352 MICHAEL MATTHEWS CFO (AS OF 5/10/23) 0.10 52.40 X 0 178500 962 0 1022065 56218 0 0 1 0 0 MEALS OUTREACH 624210 15220 15220 15220 21560 21560 1087 0 1087 1087 1087 37867 15220 0 22647 3823 3823 15 15 3838 15 3823 0 13911 28026 2155 48262 57137 672463 772054 75136 75136 809772 934508 212092 213157 212092 213157 X 597680 721351 597680 721351 809772 934508 34029 89642 0 X 0 1 X 1 0 X X X 1 CARLETON-WILLARD HOMES INC 042105844 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 901 SHRS VANGUARD 500 INDEX FUND ADMIRAL (VFIAX) 396607 F 278 SHRS VANGUARD MID-CAP INDEX FUND (VO) 64674 F 315000 SHRS OF US TREASURY BILL 310773 F 772054 DUE FROM CARLETON-WILLARD HOMES, INC. (A RELATED ORGANIZATION) 75136 75136 DUE TO CARLETON-WILLARD HOMES, INC. (A RELATED ORGANIZATION) 213157 213157 X PART X, LINE 2: THE ORGANIZATION FOLLOWS FASB ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD NO MATERIAL UNCERTAINTIES IN INCOME TAXES AS OF DECEMBER 31, 2023 AND 2022. THE ORGANIZATION WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THREE YEARS AFTER THE FILING DATE. 0 0 0 0 0 0 0 0 0 BARBARA A DOYLE PRESIDENT & CEO (THRU 5/5/23) 0 270044 0 60000 0 1530 0 13200 0 1643 0 346417 0 0 CHRISTOPHER GOLEN PRESIDENT & CEO (AS OF 4/24/23) 0 255149 0 40000 0 631 0 0 0 24061 0 319841 0 0 JANET D SILVERMAN CFO (THRU 6/29/23) 0 210243 0 4737 0 1231 0 8648 0 7704 0 232563 0 0 MICHAEL MATTHEWS CFO (AS OF 5/10/23) 0 171700 0 6085 0 715 0 0 0 962 0 179462 0 0 SCHEDULE J, PART I, LINE 3: THE ORGANIZATION RELIED ON CARLETON-WILLARD HOMES, INC., A RELATED ORGANIZATION, THAT USED ONE OR MORE OF THE METHODS TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS CARLETON-WILLARD HOMES, INC. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S SOLE MEMBER, CARLETON-WILLARD HOMES, INC. HAS THE POWER TO APPOINT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DOES NOT MAINTAIN COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S ACCOUNTING FIRM, BASED ON INFORMATION PROVIDED BY THE MANAGEMENT OF CARLETON-WILLARD HOMES, INC. A DRAFT IS REVIEWED BY THE PRESIDENT & CEO AND CFO, AND NECESSARY CHANGES ARE MADE. A FINAL DRAFT, COMPLETE WITH SUPPORTING SCHEDULES, IS REVIEWED BY THE FINANCE COMMITTEE OR TREASURER OF THE BOARD OF TRUSTEES. AFTER REVIEW BY THE FINANCE COMMITTEE, THE FORM 990 WITH SUPPORTING SCHEDULES, IS DISTRIBUTED TO ALL VOTING MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, TRUSTEES AND KEY EMPLOYEES (PRESIDENT & CEO AND CFO) ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM. THE DISCLOSURES ARE REVIEWED BY THE PRESIDENT & CEO AND ANY CONFLICT OF INTEREST IS REPORTED TO THE BOARD OF TRUSTEES. PERSONS WITH A CONFLICT OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE RELATED TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF CARLETON-WILLARD HOMES, COMPRISED OF INDEPENDENT TRUSTEES, HAS THE RESPONSIBILITY OF OVERSEEING THE PROCESS OF ESTABLISHING COMPENSATION FOR THE PRESIDENT/CEO ON AN ANNUAL BASIS. ALONG WITH A REVIEW OF PERFORMANCE, THE COMMITTEE (PERIODICALLY) UTILIZES THE SERVICES OF AN INDEPENDENT, THIRD PARTY EMPLOYMENT SPECIALIST IN DETERMINING APPROPRIATE COMPENSATION COMPARABILITY DATA CONSIDERING THE INDIVIDUAL'S RESPONSIBILITIES, EDUCATION BACKGROUND, EXPERIENCE, LONGEVITY AND INDUSTRY STANDING. THE COMPENSATION COMMITTEE PRESENTS THE COMPENSATION RECOMMENDATION TO THE BOARD OF TRUSTEES FOR APPROVAL. THIS PROCESS WAS LAST UNDERTAKEN IN 2023. THE FOUNDATION HAS NO EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B CAN BE ACCESSED VIA CANDID, FORMALLY KNOWN AS GUIDESTAR, AND THE MASSACHUSETTS ATTORNEY GENERAL WEBSITE. CARLETON-WILLARD HOMES INC 100 OLD BILLERICA ROAD BEDFORD MA 01730 042105844 CONTINUING CARE RETIREMENT COMMUNITY MA 501(C)(3) LINE 10 N/A 0 CARLETON-WILLARD AT HOME INC 100 OLD BILLERICA ROAD BEDFORD MA 01730 264153105 PROVIDING SERVICES TO ELDERS LIVING AT HOME MA 501(C)(3) LINE 10 CARLETON-WILLARD HOMES INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1