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Nonprofit · EIN 87-0938640

FRIENDS OF THE WESTON COMMUNITY INC

Tax-exempt · WESTON, VT 05161

Financials

$302K$52K2023$1.1M$138K2024
Revenue Expenses · by fiscal year end
Financials of FRIENDS OF THE WESTON COMMUNITY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,092,876$137,761$955,115$1,449,977$0$1,449,977
December 31, 2023990$301,822$51,955$249,867$494,862$0$494,862
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,055,464
of which government grants
$285,000
Program service revenue
$0
Investment income
$37,412
Net gain from sales of assets
$1,112
Other revenue
$0

Expenses

Grants and similar amounts paid
$10,000
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$1,400
Accounting fees
$985
Program services (functional)
$123,363
Management and general (functional)
$1,190
Fundraising (functional)
$13,208

Balance sheet and other

Total assets, start of year
$494,862
Total assets, end of year
$1,449,977
Total liabilities, end of year
$0
Net assets, end of year
$1,449,977
Land, buildings and equipment
$180,000
Net assets without donor restrictions
$1,449,977
Gross receipts
$1,647,912
Employees
0
Volunteers
15
Year formed
2021
State of legal domicile
VT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Wayne GranquistPresident
Trustee or director, Officer
25$0
Linda SaarnijokiSecretary
Trustee or director, Officer
20$0
Deborah GranquistTreasurer
Trustee or director, Officer
30$0
Geof BrownDirector
Trustee or director
2$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Wayne GranquistPresident
Trustee or director, Officer
10$0
Linda SaarnijokiSecretary
Trustee or director, Officer
10$0
Deborah GranquistTreasurer
Trustee or director, Officer
10$0
Geof BrownDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 111, WESTON, VT 05161-0111
In care of
% DEBORAH GRANQUIST
Principal officer (990 for 2024)
Wayne Granquist, PO Box 111, Weston, VT 05161
Signed the 990
Wayne Granquist, President
Phone
(802) 824-4100
Return prepared by
Favor & Co

Mission

To support projects and activities that have a charitable purpose and that benefit the community of Weston, Vermont. The most significant activity is supporting the Wilder Memorial Library in its expansion plans.

990 for the year ended December 31, 2024

Program accomplishments

  • To support the expansion of the Weston public library. In 2021, an adjacent parcel was purchased so that the library would have sufficient land for expansion. The land will be turned over to the Town of Weston for the library use. Land is currently being maintained. Assist in fundraising for the expansion project; and work with project architect and other professionals on the design of the Project.
    Expenses $123,363 · grants $10,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-0938640
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,449,977
Income (IRS master file)
$1,647,912

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,092,876$137,761$1,449,977XML
990December 2023$301,822$51,955$494,862XML
990-EZDecember 2022–––IRS
990December 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-0938640).

Questions about FRIENDS OF THE WESTON COMMUNITY INC

What is the EIN of FRIENDS OF THE WESTON COMMUNITY INC?
The employer identification number (EIN) of FRIENDS OF THE WESTON COMMUNITY INC is 87-0938640.
Is FRIENDS OF THE WESTON COMMUNITY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to FRIENDS OF THE WESTON COMMUNITY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRIENDS OF THE WESTON COMMUNITY INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FRIENDS OF THE WESTON COMMUNITY INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FRIENDS OF THE WESTON COMMUNITY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FRIENDS OF THE WESTON COMMUNITY INC?
The 990 for the year ended December 31, 2024 names Wayne Granquist.
Who are the officers and directors of FRIENDS OF THE WESTON COMMUNITY INC?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does FRIENDS OF THE WESTON COMMUNITY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,092,876, expenses of $137,761 and total assets of $1,449,977 at year end.

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