Edward E And Marie L Matthews Foundation
- Assets
- $11.2m
- Revenue
- $1.8m
- Investments
- $10.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/2003
- Data as of
- 12/2020
- EIN
- 02-0656117
Organization Overview
Edward E And Marie L Matthews Foundation is located in Wilmington, DE. The organization was established in 2003. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward E And Marie L Matthews Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Edward E And Marie L Matthews Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 44.0% each year . All expenses for the organization totaled $1.0m during the year ending 12/2020. While expenses have increased by 1.9% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Edward E And Marie L Matthews Foundation has awarded 195 individual grants totaling $3,139,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise M Flickinger Dir | 1 | $0 | |
Douglas L Matthews Dir, Sec | 10 | $20,000 | |
Edward E Matthews Pres, Dir | 1 | $0 | |
Gregory E Matthews Dir | 1 | $0 | |
Russell E Matthews Dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/22 | $53,174 |
First Republic Wealth Advisors | 12/30/22 | $90,319 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $656 |
| Dividends & Interest | $375,880 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,049,251 |
| Capital Gain Net Income | $1,049,251 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $400,152 |
| Total Revenue | $1,825,939 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74,348 |
| Total operating and administrative expenses | $206,348 |
| Contributions, gifts, grants paid | $800,000 |
| Total expenses and disbursements | $1,006,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $421,358 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,143,628 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,187,752 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Edward E And Marie L Matthews Foundation has awarded $774,000 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
AERONAUTICAL EDUCATIONAL FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
AMERICAN CAMPING FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
AUSABLE CLUB PRESERVATION FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
BENJAMIN PRIVATE SCHOOL INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
BERLIN AIRLIFT HISTORICAL FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $29,000 |
CAMP DUDLEY INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |