The@michael M Wiseman And Helen A Garten Charitable Foundation
- Assets
- $431.7k
- Revenue
- $103.2k
- Investments
- $385.6k
- Employees
- 0
- Location
- Stonington, CT
- Founding
- 01/2001
- Data as of
- 12/2023
- EIN
- 13-4149893
Organization Overview
The@michael M Wiseman And Helen A Garten Charitable Foundation is located in Stonington, CT. The organization was established in 2001. 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. The@michael M Wiseman And Helen A Garten Charitable 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 12/2023, The@michael M Wiseman And Helen A Garten Charitable Foundation generated $103.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.7%) each year. All expenses for the organization totaled $86.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, The@michael M Wiseman And Helen A Garten Charitable Foundation has awarded 38 individual grants totaling $617,350. 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 |
|---|---|---|---|
Michael M Wiseman Trustee | 1 | $0 | |
Helen A Garten Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,482 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $96,724 |
| Capital Gain Net Income | $96,724 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,206 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,057 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3 |
| Total operating and administrative expenses | $4,810 |
| Contributions, gifts, grants paid | $82,000 |
| Total expenses and disbursements | $86,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,112 |
| Savings and temporary cash investments | $0 |
| 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 | $431,713 |
| 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, The@michael M Wiseman And Helen A Garten Charitable Foundation has awarded $82,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NEW ENGLAND SCIENCE AND SAILING FOUNDATION PURPOSE: TO EMPOWER STUDENTS WITH LEADERSHIP, TEAMWORK, CONFIDENCE, AND PROBLEM-SOLVING SKILLS | $25,000 |
NAVAL INSTITUTE FOUNDATION PURPOSE: TO PROMOTE THE PROFESSIONAL, LITERACY AND SCIENTIFIC UNDERSTANDING OF SEA POWER | $25,000 |
MYSTIC SEAPORT MUSEUM PURPOSE: TO PRESERVE AND INTERPRET AMERICA'S MARITIME HERITAGE | $1,000 |
MYSTIC SEAPORT MUSEUM PURPOSE: TO PRESERVE AND INTERPRET AMERICA'S MARITIME HERITAGE | $15,000 |
ARCHAEOLOGICAL INSTITUTE OF AMERICA PURPOSE: TO PROMOTE ARCHAEOLOGICAL INQUIRY AND PUBLIC UNDERSTANDING OF THE MATERIAL RECORD OF THE HUMAN PAST TO FOSTER AN APPRECIATION OF DIVERSE CULTURES AND OUR SHARED HUMANITY | $15,000 |
RAGNOT AMATEUR SAILING ASSOCIATION PURPOSE: THE PRIMARY PURPOSE OF RASA IS TO TEACH BASIC AND ADVANCED COMPETITIVE SAILING, TO DEVELOP AMATEUR ATHLETES FOR SAILING COMPETITION AND TO FOSTER NATIONAL AND INTERNATIONAL COMPETITION THROUGH PARTICIPATION IN SUCH EVENTS AS THE UNITED STATES YACHT RACING | $1,000 |