Task Foundation
- Assets
- $2.8m
- Revenue
- $133.8k
- Investments
- $2.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/1989
- Data as of
- 12/2021
- EIN
- 13-1968353
Organization Overview
Task Foundation is located in Wilmington, DE. The organization was established in 1989. According to its NTEE Classification (W90) the organization is classified as: Consumer Protection, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Task 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 12/2021, Task Foundation generated $133.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $250.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Task Foundation has awarded 17 individual grants totaling $373,180. 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 |
|---|---|---|---|
Katherine Kheel Dir | 0.5 | $0 | |
Ellen Kheel Jacobs Dir | 0.5 | $0 | |
Robert J Kheel Dir, Pres | 1 | $0 | |
Jane Kheel Stanley Dir, Sec, Treas | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $184 |
| Dividends & Interest | $67,643 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,736 |
| Capital Gain Net Income | $64,736 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,192 |
| Total Revenue | $133,755 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $711 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,977 |
| Total operating and administrative expenses | $54,861 |
| Contributions, gifts, grants paid | $195,600 |
| Total expenses and disbursements | $250,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $299,011 |
| 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 | $233,800 |
| Total assets | $2,821,321 |
| 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, Task Foundation has awarded $195,600 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK URBAN LEAGUE INC PURPOSE: GENERAL & UNRESTRICTED | $30,000 |
CORNELL UNIVERSITY PURPOSE: CORNELL'S KHEEL LABOR-MANAGEMENT ENDOWMENT FUND THAT BENEFITS KHEEL CENTER | $30,000 |
Greenwich, NY PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
INTERNATIONAL RESCUE COMMITTEE INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
Natick, MA PURPOSE: GENERAL & UNRESTRICTED | $15,200 |
New York, NY PURPOSE: GENERAL & UNRESTRICTED | $15,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Food And Drug Officials York, PA | $4,699,933 | $9,952,461 |
Pa Financial Responsibility Assigned Claims Plan Philadelphia, PA | $4,318,758 | $4,528,596 |
Mid-Atlantic Association Of Community Health Centers Inc Annapolis, MD | $1,217,299 | $1,637,367 |
Test Monitoring Center Freeport, PA | $5,601,932 | $2,818,583 |
On Our Own Of Maryland Inc Elkridge, MD | $1,030,376 | $1,034,612 |
Cyber Independent Testing Laboratory Inc Bridgewater, NJ | $719,986 | $658,545 |
Pennsylvania Mental Health Consumers Association Harrisburg, PA | $786,021 | $677,382 |
United Workers Association Inc Baltimore, MD | $1,638,994 | $814,004 |
Dangerous Goods Advisory Council Greenbelt, MD | $218,211 | $757,651 |
Alliance For A Stronger Fda Inc Silver Spring, MD | $230,286 | $368,207 |
Task Foundation Wilmington, DE | $2,821,321 | $133,755 |