The Willowbank Foundation
- Assets
- $1.7m
- Revenue
- $579.3k
- Investments
- $1.2m
- Employees
- 0
- Location
- Marblehead, MA
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 04-6819602
Organization Overview
The Willowbank Foundation is located in Marblehead, MA. The organization was established in 1997. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willowbank 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 12/2022, Willowbank Foundation generated $579.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.2% each year . All expenses for the organization totaled $13.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen J Lockwood Trustee | 0 | $0 | |
Frances R Lockwood Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,959 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $153,275 |
| Capital Gain Net Income | $153,275 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $102 |
| Total Revenue | $579,336 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,484 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,636 |
| Total operating and administrative expenses | $12,970 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $12,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $469,171 |
| Savings and temporary cash investments | $0 |
| 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 | $1,710,924 |
| 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, The Willowbank Foundation has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF COLLIER COUNTY PURPOSE: INSPIRE AND ENABLE OUR YOUNG PEOPLE TO BE RESPONSIBLE, CARING, AND PRODUCTIVE CITIZENS | $10,000 |
NE BAPTIST PURPOSE: MEREDITH CAMERON INTERNSHIP PROGRAM | $25,000 |