Wsfs Foundation
- Assets
- $8.7m
- Revenue
- $1.2m
- Investments
- $7.2m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2004
- Data as of
- 12/2021
- EIN
- 13-4229063
Organization Overview
Wsfs Foundation is located in Wilmington, DE. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Wsfs 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, Wsfs Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 74.1% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wsfs Foundation has awarded 333 individual grants totaling $2,724,353. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLE DIRECT CHARITABLE ACTIVITY DURING 2020 CONSISTED OF GRANTS DISCLOSED IN PART XV TO EDUCATIONAL IMPROVMENT IN STATES OF DE AND PA. NO EXPENSES WERE INCURRED.
SOLE DIRECT CHARITABLE ACTIVITY DURING 2020 CONSISTED OF GRANTS DISCLOSED IN PART XV TO EDUCATIONAL IMPROVMENT IN STATES OF DE AND PA. NO EXPENSES WERE INCURRED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Wright President | 0.25 | $0 | |
Michael Griffe Treasurer | 0.5 | $0 | |
Vernita Dorsey Secretary | 0.25 | $0 | |
Jennifer Davis Board Member | 0.25 | $0 | |
Patrick Ward Board Member | 0.25 | $0 | |
Terence Young Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $65,066 |
| Dividends & Interest | $94,334 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,894 |
| Capital Gain Net Income | $3,894 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,163,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $93,376 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,861 |
| Total operating and administrative expenses | $237,458 |
| Contributions, gifts, grants paid | $1,774,967 |
| Total expenses and disbursements | $2,012,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,502,842 |
| 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 | $721,025 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,682,388 |
| 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, Wsfs Foundation has awarded $1,774,967 in support to 315 organizations.
| Grant Recipient | Amount |
|---|---|
TEENSHARP - WILMINGTON DE PURPOSE: EDUCATION & LEADERSHIP DEVELOPMENT | $100,000 |
Wilmington, DE PURPOSE: EDUCATION & LEADERSHIP DEVELOPMENT | $75,000 |
ERTZ FAMILY FOUNDATION PURPOSE: STRENGTHENING THOSE IN NEED (HEALTH & HUMAN SERVICES) | $50,000 |
Wilmington, DE PURPOSE: AFFORDABLE HOUSING | $40,000 |
Philadelphia, PA PURPOSE: EDUCATION & LEADERSHIP DEVELOPMENT | $40,000 |
CRISTO REY PHILADELPHIA HIGH SCHOOL PURPOSE: EDUCATION & LEADERSHIP DEVELOPMENT | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Living Legacy Foundation Wilmington, DE | $129,501,628 | $9,577,224 |
The Healey International Relief Foundation Inc Lumberton, NJ | $326,937 | $11,415,022 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |