Peter Westbrook Foundation Inc
- Assets
- $16.4m
- Revenue
- $694.5k
- Investments
- $15.7m
- Employees
- 2
- Location
- New York, NY
- Founding
- 07/1987
- Data as of
- 12/2021
- EIN
- 13-3412917
Organization Overview
Peter Westbrook Foundation Inc is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Peter Westbrook Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peter Westbrook Foundation 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 12/2021, Peter Westbrook Foundation Inc generated $694.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $895.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO UTILIZE THE SPORT OF FENCING AS A VEHICLE TO DEVELOP LIFE SKILLS IN YOUNG PEOPLE FROM UNDERSERVED COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SATURDAY FENCING PROGRAM: THIS PROGRAM IS A COMPETITIVE FENCING INSTRUCTION PROGRAM OPEN TO YOUNG PEOPLE - AGES 9-18. IT HELPS TO TEACH AND RE-ENFORCE POSITIVE LIFE-SKILLS
AFTER SCHOOL LEADERSHIP PROGRAM: THIS IS AN INTENSIVE FENCING PROGRAM THAT TRAINS STUDENTS TO COMPETE NATIONALLY AND INTERNATIONALLY
ACADEMIN PROGRAMS STRESS EDUCATIONAL AND ACADEMIC PERFORMANCE AS CORE PRIORITIES FOR ALL THE ORGANIZATION'S PROGRAM PARTICIPANTS. THROUGH THE ACADEMIC ENRICHMENT AND ACADEMIC SCHOLARSHIP PROGRAM, THE ORGANIZATION SET STUDENTS ON THE ROAD TO LONG-TERM SUCCESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Westbrook CEO | OfficerTrustee | 40 | $175,945 |
Robert Cottingham Chairman | OfficerTrustee | 1 | $0 |
Robert Dow Treasurer | OfficerTrustee | 1 | $0 |
Herby Raynaud Secretary | OfficerTrustee | 1 | $0 |
Rod Brayman Director | Trustee | 1 | $0 |
Kristina Perkin-Davison Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $685,904 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $685,904 |
| Total Program Service Revenue | $8,606 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $694,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $175,942 |
| Compensation of current officers, directors, key employees. | $36,070 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,612 |
| Pension plan accruals and contributions | $18,000 |
| Other employee benefits | $37,023 |
| Payroll taxes | $15,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172,866 |
| Advertising and promotion | $0 |
| Office expenses | $6,473 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,587 |
| Travel | $2,628 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,401 |
| Insurance | $3,959 |
| All other expenses | $58,520 |
| Total functional expenses | $895,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $624,557 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,490 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,522 |
| Net Land, buildings, and equipment | $9,926 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,738,153 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,396,648 |
| Accounts payable and accrued expenses | $58,634 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $58,634 |
| Net assets without donor restrictions | $1,005,285 |
| Net assets with donor restrictions | $15,332,729 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,396,648 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Peter Westbrook Foundation Inc has recieved totaling $117,911.
| Awarding Organization | Amount |
|---|---|
Ronald P & Susan E Lynch Foundation New York, NY PURPOSE: SUPPORT ORGANIZATION'S PROGRAMS & ACTIVITIES | $35,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $25,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $22,322 |
Mill Foundation Ltd Burlington, VT PURPOSE: GENERAL SUPPORT | $5,000 |
Dr Robert C And Tina Sohn Foundation New York, NY PURPOSE: GENERAL SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $14,224,093 |
| Ending Balance | $14,224,093 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unicef Usa Impact Fund For Children Inc New York, NY | $79,143,389 | $84,968,409 |
Dimock Community Foundation Inc Roxbury, MA | $0 | $29,896,865 |
Paula And Jerry Gottesman Family Supporting Foundation Inc Whippany, NJ | $103,919,025 | $11,534,966 |
The Jimmy And Berta Khezrie Charitable Foundation Long Branch, NJ | $561,838 | $13,044 |
Garnet Health Urgent Care P C Middletown, NY | $2,667,409 | $6,635,976 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA | $26,412,399 | $8,412,088 |
Serv Properties And Management Inc Ewing, NJ | $27,477,154 | $8,087,563 |
Dentaquest Care Group Inc Boston, MA | $2,518,678 | $0 |
American Friends Of Sfath Emeth Yeshiva Brooklyn, NY | $187,158 | $4,689,874 |
Dbs Foundation Holdings Harrisburg, PA | $361,345 | $2,360,629 |
Knights Of Columbus Charities Usa Inc New Haven, CT | $92,663,013 | $7,484,954 |
Cfleads Accord, MA | $11,022,103 | $9,422,261 |