Wartburg Home Foundation Inc
- Assets
- $20.7m
- Revenue
- $970.5k
- Investments
- $18.7m
- Employees
- 0
- Location
- Mount Vernon, NY
- Founding
- 07/1992
- Data as of
- 12/2022
- EIN
- 13-3621266
Organization Overview
Wartburg Home Foundation Inc is located in Mount Vernon, NY. The organization was established in 1992. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wartburg Home 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 12/2022, Wartburg Home Foundation Inc generated $970.5k 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 (16.4%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Wartburg Home Foundation Inc has awarded 21 individual grants totaling $10,463,331. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WARTBURG FOUNDATION IS THE FUND RAISING ARM OF THE WARTBURG ADULT CARE COMMUNITY, A LUTHERAN SOCIAL MINISTRY SERVING PEOPLE OF ALL FAITHS SINCE 1866.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND ACTIVITIES TO SUPPORT TAX EXEMPT ORGANIZATIONS FOR CHARITABLE, EDUCATIONAL, RELIGIOUS, SCIENTIFIC AND/OR LITERARY PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Bello Burke Director | Trustee | 1 | $0 |
Mark Jacobs Vice Chair & Treasurer | OfficerTrustee | 1 | $0 |
Dr Nicholas Cicchetti Chairman | OfficerTrustee | 1 | $0 |
Ulrich J Rosa Secretary | OfficerTrustee | 1 | $0 |
John D Del Bene Director | Trustee | 1 | $0 |
Rev Dr Darren M Morton 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 | $162,616 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,616 |
| Total Program Service Revenue | $0 |
| Investment income | $543,714 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $264,151 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $970,481 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,509,475 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $161,712 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,367 |
| All other expenses | $0 |
| Total functional expenses | $2,180,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,292 |
| Pledges and grants receivable | $15,536 |
| 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 | $9,458 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $18,723,431 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,895,323 |
| Total assets | $20,663,040 |
| Accounts payable and accrued expenses | $34,880 |
| 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 | $8,706,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $307,062 |
| Total liabilities | $9,048,142 |
| Net assets without donor restrictions | $9,348,741 |
| Net assets with donor restrictions | $2,266,157 |
| 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 | $20,663,040 |
Grants Awarded
Over the last fiscal year, Wartburg Home Foundation Inc has awarded $1,509,475 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE WARTBURG HOME PURPOSE: GRANT MONEY WENT TOWARD THE PASTORAL CARE PROGRAM, FINANCIAL AID, CAPITAL PROJECT,CREATIVE ARTS PROGRAM, EMERGENCY AID FUNDS AND GENERAL SUPPORT. | $1,399,475 |
WARTBURG SENIOR HOUSING PURPOSE: FOR SUPPORT OF ELDERLY IN SENIOR HOUSING THAT NO LONGER HAVE FUNDS TO PAY. | $50,000 |
NORTHEAST CREATIVE ARTS THERAPIES PLLC PURPOSE: GRANT MONEY WENT TOWARD THE THERAPEUTIC EFFECTS OF CREATIVE ARTS THERAPY. | $45,000 |
INSTITUTE FOR MUSIC AND NEUROLOGICAL FUNCTION PURPOSE: GRANT MONEY WENT TOWARD THE THERAPEUTIC EFFECTS OF MUSIC THERAPY. | $15,000 |