Preachers' Aid Society of New England

WELLS, ME EIN: 04-6037997 Website

Preachers' Aid Society of New England endeavors to remain faithful to our core commitment to improve the quality of life among our United Methodist clergy, especially those who have retired from ministry and their surviving spouses. Through our strong financial support for retiree health care, training in personal financial management, spiritual life retreats and direct services to clergy families in need, we utilize the endowment of our Society to help generations of families enjoy a rich and full life in Christian ministry.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$53.2M

+4.7% YoY

Annual Giving

$380K

Grant Count

2

Avg Grant Size

$190K

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$4M20202021202220232024
Metric202420232022
Total Assets$53,183,149$50,793,022$48,592,141
Revenue$2,739,303$2,756,146$1,949,291
Expenses$2,705,660$2,199,889$1,921,671
Qualifying Distributions
Net Investment Income$1,996,576$2,082,149$1,291,131
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$95K$190K$285K$380K0 grants20200 grants20210 grants20220 grants20232 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

New England Conference o…$350KUnited Methodist Foundat…$30K

Grant Size Distribution

2 grants across all recorded years

1<$50K$50–100K$100–250K1$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Preachers' Aid Society of New England fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Dr Wesley E PalmerExecutive Director$115K

From 2024 filing

NameTitleHoursCompensation
George Dow SrDirector2
Rich HughenDirector (start 5/2024)2
Ellen JacksonDirector2
Cynthia JohnsonDirector2
April MorganDirector2
Donald O'KeefeDirector2
Gwen SavychDirector2
Douglas StevensonDirector2
Jinsook SongDirector2
R Paul WestonDirector (end 5/2024)2
Douglas VergeDirector2
Elizabeth DallasPresident2
Lynn Matson1st Vice President2
Tracy Tarver2nd Vice President2
Charles EmeryTreasurer2
Janice SchusterSecretary2
Dr Wesley E PalmerExecutive Director40$115,135

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

2states

Cities

MethuenSalem

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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