Wasily Family Foundation
- Assets
- $50.0m
- Revenue
- $10.6m
- Investments
- $44.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/1989
- Data as of
- 06/2023
- EIN
- 13-3503227
Organization Overview
Wasily Family Foundation is located in Wilmington, DE. The organization was established in 1989. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Wasily Family 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 06/2023, Wasily Family Foundation generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $11.9m during the year ending 06/2023. While expenses have increased by 10.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL OF THIS FOUNDATION'S ACTIVITIES ENTAIL MAKING GRANTS TO OTHER CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Margaret Moloney President | 10 | $0 | |
Kenneth Gheno Treasurer | 2 | $25,000 | |
Denise Moloney Secretary | 10 | $0 | |
Margaret Murray Trustee | 1 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,849,766 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,712,192 |
| Capital Gain Net Income | $7,712,192 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,561,958 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $130,319 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $148,273 |
| Total operating and administrative expenses | $2,139,211 |
| Contributions, gifts, grants paid | $9,800,000 |
| Total expenses and disbursements | $11,939,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,238 |
| Savings and temporary cash investments | $5,735,942 |
| 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 | $50,005,155 |
| 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 |