EXECUTIVE DIRECTOR

2011-11-10T11:44:55-06:00 2010-12-31 DICICCO GULMAN & COMPANY LLP 150 PRESIDENTIAL WAY SUITE 510 WOBURN MA 01801 990 2010-01-01 046037997 PREACHERS' AID SOCIETY OF NEW ENGLAND PREA 7814448161 PO BOX 3386 4 COURT STREET NO 212 PLYMOUTH MA 026313386 THOMAS J GALLEN EXECUTIVE DIRECTOR 7814448161 2011-11-09 1 DONALD J TROY CPA PC 7819375300 2010 2016-03-07 17:11:31Z THOMAS J GALLEN PO BOX 3386 4 COURT STREET SUITE 212 PLYMOUTH MA 023613386 14217564 0 X WWW.PREACHERSAID.ORG X 1832 MA TO PROVIDE SUPPORT AND NURTURE FOR THE PURPOSE OF ENRICHING THE QUALITY OF LIFE FOR MINISTERS. 17 17 6 12 0 0 38427 255240 0 0 460060 898892 203433 100029 701920 1254161 218087 450089 12716 12173 357347 389834 81457 0 238302 365351 601346 1034958 1453442 -333038 -199281 30987189 33726333 2776117 3023886 28211072 30702447 TO PROVIDE SUPPORT AND NURTURE FOR THE PURPOSE OF ENRICHING THE QUALITY OF LIFE FOR MINISTERS IN THE NEW ENGLAND ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH WITH SPECIAL EMPHASIS ON THE NEEDS OF THE AGED AND INFIRM, THEIR SURVIVING SPOUSES AND DEPENDENT CHILDREN. 0 0 902169 IN-HOME VISITATION PROGRAMS, FINANCIAL PLANNING PROGRAMS, HOUSING ASSISTANCE, SPIRITUAL/EMOTIONAL LIFE ENRICHMENT AND WELL-BEING PROGRAMS, FELLOWSHIP PROGRAMS, AND SUBSTANTIAL EMERGENCY FINANCIAL ASSISTANCE PROGRAMS FOR INDIVIDUALS AND FAMILIES, ESPECIALLY IN AREAS RELATED TO HEALTH CARE. 902169 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 6 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 MA X X KAREN E WETMORE CONTROLLER 7814448161 60 DEDHAM AVENUE NEEDHAM MA 024923061 C ARTHUR HUGHES DIRECTOR 2.00 X 0 0 0 CLINTON H BLOOD DIRECTOR 2.00 X 0 0 0 DAVID MACMAHON DIRECTOR/PRESIDENT 6.00 X X 0 0 0 KIRK E BIRRELL DIRECTOR 2.00 X 0 0 0 TOMMYE L REEDE DIRECTOR/TREASURER 2.00 X X 0 0 0 THOMAS S HEMMENDINGER ESQ DIRECTOR 2.00 X 0 0 0 BARBARA HUSCHER COHEN DIRECTOR/SECRETARY 2.00 X X 0 0 0 WILLIAM EMMONS DIRECTOR 2.00 X 0 0 0 ELIZABETH FRANKLIN DIRECTOR 2.00 X 0 0 0 DR ALLAN M KUZIRIAN DIRECTOR/FIRST VP 2.00 X X 0 0 0 MARSHA HOFFMAN DIRECTOR/SECOND VP 2.00 X X 0 0 0 FREDERICK T MILLER DIRECTOR 2.00 X 0 0 0 MILDRED BEANE DIRECTOR 2.00 X 0 0 0 EVELYN JOHNSON-MOORE DIRECTOR 2.00 X 0 0 0 OSCAR W HARRELL DIRECTOR 2.00 X 0 0 0 DR STEPHEN L VINCENT DIRECTOR 2.00 X 0 0 0 JOSEPH MOSER ESQ DIRECTOR 2.00 X 0 0 0 DR THOMAS J GALLEN EXECUTIVE DIRECTOR 40.00 X 91095 0 26217 91095 0 26217 0 0 0 0 YORK COUNTY BUILDERS 159 HARVEST LANE WELLS ME 04090 BUILDING CONTRACTOR 795832 COMMUNITY COUNSELLING SERVICE CO LLC 10 HIGH STREET 503 BOSTON MA 021101667 DEVELOPMENT CONSULTANT 144500 2 255240 255240 623803 623803 13238492 12963403 275089 275089 275089 RENT 531110 62264 62264 INCOME RECEIVED UNDER 900099 25262 25262 SERVICE FEE REVENUE 900099 12503 12503 100029 1254161 337353 0 661568 325000 325000 125089 125089 12173 12173 91095 77520 13575 191106 132092 36097 22917 68721 59205 5175 4341 21898 21898 17014 11808 3001 2205 4852 4852 33723 33723 157935 157935 58701 21031 37670 26942 26942 43599 16852 1036 25711 32575 10653 21922 8377 8377 INVESTMENT FEES 131786 131786 PRINTING AND PUBLICATIO 11618 11618 HOUSING PROGRAM EXPENSE 124 124 91114 80347 10767 1453442 902169 312971 238302 96924 300202 31079 44651 107790 12278 86114 87514 134540 132488 3337072 8377 2442006 3328695 25245562 26660484 971227 1066605 1979737 1985626 30987189 33726333 71433 99728 968184 1483153 1736500 1441005 2776117 3023886 X 24068654 26080486 290067 411548 3852351 4210413 28211072 30702447 30987189 33726333 X -199281 2690656 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23490782 75 3195408 1860139 24826126 19728657 54505 5111160 1403540 23490782 31259759 7250 -8580024 2958328 19728657 0.81830 0.16960 0.01660 0 0 1828993 1828993 691076 8377 682699 817003 817003 3328695 DEPOSITS 1507175 EDUCATION LOANS RECEIVABLE 478451 1985626 SECURITY DEPOSITS 7005 PROMISE TO GIVE 1434000 1441005 1254161 1453442 -199281 2390656 300000 2690656 2491375 3644817 2390656 2390656 1254161 0 1254161 1153442 0 1153442 300000 300000 1453442 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SOCIETY'S ENDOWMENT CONSISTS OF 6 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: PAYMENT ON PROMISE TO GIVE 300,000. PART XIII, LINE 4B - OTHER ADJUSTMENTS: PAYMENT ON PROMISE TO GIVE 300,000. FIN 48 (ASC 740) FOOTNOTE - GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PRESCRIBE THE THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE TAX-EXEMPT STATUS OF AN ENTITY IS CONSIDERED A TAX POSITION. AN ADDITIONAL LIABILITY FOR UNCERTAIN TAX POSITIONS ("UTPS") IS RECOGNIZED AND RECORDED AS A COMPONENT OF CURRENT INCOME TAX EXPENSE FOR DIFFERENCES BETWEEN FINANCIAL AND INCOME TAX REPORTING POSITIONS, WHICH DO NOT MEET THIS THRESHOLD. ANY INTEREST AND PENALTIES RELATED TO THE UTPS ARE RECORDED AS A COMPONENT OF INCOME TAX EXPENSE. THE SOCIETY HAS REVIEWED ITS INCOME TAX FILINGS THAT REMAIN SUBJECT TO EXAMINATION BY TAX AUTHORITIES AND HAS NOT IDENTIFIED ANY MATERIAL UTPS AND THUS HAS NOT RECORDED ANY ADDITIONAL LIABILITY AT DECEMBER 31, 2010 OR 2009. THE SOCIETY FILES TAX RETURNS IN FEDERAL AND STATE JURISDICTIONS. THE SOCIETY IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2007. CURRENTLY, THERE ARE NO TAX AUDITS IN PROCESS. 1 NEW ENGLAND CONFERENCE OF THE UNITED METHODIST CHURCH 276 ESSEX STREET LAWRENCE MA 01840 042234128 501(C)(3) 300000 0 THE COMMITTMENT IS FOR THE "TOGETHER FOR TOMORROW" CAMPAIGN ON THE BASIS OF 0.50 CENTS FOR EACH DOLLAR FOR A MAXIMUM OF $2.5 MILLION. THE FUNDS RECEIVED FROM THE SOCIETY WILL GO DIRECTLY TO THE RETIREE HEALTH CARE ENDOWMENT, WITH NO CAMPAIGN ADMISITRATIVE EXPENSES OR OPERATING COSTS BEING ALLOCATED TO THE FUNDS DONATED. FLORIDA CONFERENCE OF THE UNITED METHOD OF CHURCH 450 MARTIN LUTHER KING JR AVENUE LAKELAND FL 33815 590904361 501(C)(3) 15000 0 HAITI EMERGENCY RELIEF UNITED METHODIST COMMITTEE OF RELIEF 475 RIVERSIDE DRIVE NEW YORK NY 10115 135562279 501(C)(3) 10000 0 HURRICANE KATRINA EMERGENCY RELIEF EMERGENCY MEDICAL ASSISTANCE 202 120089 GRANTS ARE MADE BY STAFF FOLLOWING GUIDELINES ESTABLISHED BY THE BOARD OF DIRECTORS. DR THOMAS J GALLEN PURCHASE OF PROPERTY X 77949 77949 0 1 1 DR THOMAS J GALLEN PURCHASE OF VEHICLE X 13459 4565 0 1 1 DR THOMAS J GALLEN HOME IMPROVEMENTS TO LOWER ENERGY COSTS X 5000 5000 0 1 1 87514 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS REVIEWS THE 990 TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE DIRECTOR MONITORS THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE REVIEW OF THE EXECUTIVE DIRECTOR IS PERFORMED BY THE EXECUTIVE COMMITTEE. THE SALARY IS VOTED UPON BY THE FULL BOARD OF DIRECTORS AFTER REVIEW OF OTHER SALARIES OF EXECUTIVE DIRECTORS OF THE 52 OTHER UNITED METHODIST RELATED FOUNDATIONS IN THE UNITED STATES. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,390,656. PAYMENT ON PROMISE TO GIVE 300,000. TOTAL TO FORM 990, PART XI, LINE 5: 2,690,656.