Howard W And Katherine L Gwaltney Foundation
- Assets
- $389.7k
- Revenue
- $28.5k
- Investments
- $387.4k
- Employees
- 0
- Location
- Smithfield, VA
- Founding
- 05/2002
- Data as of
- 03/2024
- EIN
- 02-6142431
Organization Overview
Howard W And Katherine L Gwaltney Foundation is located in Smithfield, VA. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Howard W And Katherine L Gwaltney 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 03/2024, Howard W And Katherine L Gwaltney Foundation generated $28.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $22.4k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Howard W And Katherine L Gwaltney Foundation has awarded 47 individual grants totaling $120,000. 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 |
|---|---|---|---|
Lucy G Clay Trustee | 0 | $0 | |
Kay G Remick Trustee | 0 | $0 | |
Katherine C Willis Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,836 |
| Dividends & Interest | $6,873 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,753 |
| Capital Gain Net Income | $17,753 |
| Net ST Capital Gain | $17,753 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,462 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,562 |
| Total operating and administrative expenses | $5,362 |
| Contributions, gifts, grants paid | $17,000 |
| Total expenses and disbursements | $22,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,342 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $389,696 |
| 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, Howard W And Katherine L Gwaltney Foundation has awarded $17,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
IVY HILL CEMETERY PURPOSE: MAINTENANCE AND UPKEEP | $2,000 |
HISTORIC ST LUKE'S RESTORATION PURPOSE: OLD BRICK CHURCH SCHOOL FIELD TRIP | $5,000 |
ISLE OF WIGHT COUNTY MUSEUM FOUNDAT PURPOSE: SUPPORT LOCAL HISTORY MUSEUM | $2,000 |
ISLE OF WIGHT ARTS LEAGUE PURPOSE: SUMMER CONCERT SERIES | $2,000 |
ISLE OF WIGHT RESCUE SQUAD PURPOSE: GENERAL SUPPORT | $1,000 |
SMITHFIELD VOLUNTEER FIRE DEPT PURPOSE: GENERAL SUPPORT | $1,000 |