Horace Wells Trust Fund Inc
- Assets
- $197.3k
- Revenue
- $11.6k
- Investments
- $169.2k
- Employees
- 0
- Location
- Norwich, CT
- Founding
- 07/1963
- Data as of
- 10/2021
- EIN
- 06-6037032
Organization Overview
Horace Wells Trust Fund Inc is located in Norwich, CT. The organization was established in 1963. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horace Wells Trust Fund Inc 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 10/2021, Horace Wells Trust Fund Inc generated $11.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $21.1k during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 5 years. 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 |
|---|---|---|---|
Jennifer Lowney President | 1 | $0 | |
James Naylor DDS Director | 1 | $0 | |
Christine Niekrash DDS Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,233 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,160 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,246 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,639 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,057 |
| Total operating and administrative expenses | $7,072 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $21,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,122 |
| 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 | $197,338 |
| 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, Horace Wells Trust Fund Inc has awarded $14,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
JULIE BERENBLUM PURPOSE: SCHOLARSHIP | $2,000 |
TYLER DELAURENTIS PURPOSE: SCHOLORSHIP | $2,000 |
TALIA STAIGER PURPOSE: SCHOLORSHIP | $2,000 |
VEPIA PATEL PURPOSE: SCHOLARSHIP | $2,000 |
ELENA CARRINGTON PURPOSE: SCHOLARSHIP | $2,000 |
TAYLOR BRADSHAW PURPOSE: SCHOLARSHIP | $2,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Horace Wells Trust Fund Inc has recieved totaling $1,618.
| Awarding Organization | Amount |
|---|---|
Raymond S George Tr Ua Fbo Various Charities Dallas, TX PURPOSE: PROVIDE SCHOLARSHIPS | $1,618 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Protein Innovation Inc Boston, MA | $219,080,402 | $200,786,087 |
Center For Information And Study On Clinical Research Participation Boston, MA | $5,283,770 | $9,262,941 |
Bronx Veterans Medical Research Foundation Inc Bronx, NY | $9,078,068 | $8,272,955 |
Citizens Committee For Children Of New York New York, NY | $3,634,711 | $3,821,090 |
Clinical Directors Network Inc New York, NY | $2,473,338 | $3,992,902 |
Paleontological Research Institution Ithaca, NY | $8,655,150 | $4,472,998 |
Vivli Inc Cambridge, MA | $8,179,983 | $6,030,172 |
B More Incorporated Greenwich, CT | $951,409 | $1,126,349 |
The Honorable Tina Brozman Foundation Inc New York, NY | $4,790,407 | $2,806,919 |
Lown Institute Inc Needham, MA | $8,693,088 | $808,634 |
Va Connecticut Research And Education Foundation Inc West Haven, CT | $5,911,991 | $1,464,306 |
Cooleys Anemia Foundation Inc New York, NY | $4,659,141 | $1,565,758 |