Wright Family Foundation Inc
- Assets
- $17.4m
- Revenue
- -$2.9m
- Investments
- $17.2m
- Employees
- 0
- Location
- Schenectady, NY
- Founding
- 03/1998
- Data as of
- 09/2022
- EIN
- 14-1798255
Organization Overview
Wright Family Foundation Inc is located in Schenectady, NY. The organization was established in 1998. 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. Wright Family 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.
Since 2021, Wright Family Foundation Inc has awarded 67 individual grants totaling $7,294,028. 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 |
|---|---|---|---|
Ashley G Palm Treasurer | 2 | $0 | |
Heather M Ward President | 2 | $0 | |
Linda Nizolek Secretary | 2 | $0 | |
Meghan Frazier Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $404,465 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $504,436 |
| Capital Gain Net Income | $504,436 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,765,159 |
| Total Revenue | -$2,856,258 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $61,900 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46,799 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,635 |
| Total operating and administrative expenses | $187,886 |
| Contributions, gifts, grants paid | $458,532 |
| Total expenses and disbursements | $646,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,313 |
| 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 | $7,137 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $415,583 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,072 |
| Total assets | $17,430,907 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,706,983 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $19,713 |
| Total liabilities | $3,726,696 |
Grants Awarded
Over the last fiscal year, Wright Family Foundation Inc has awarded $458,532 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
SCHENECTADY YOUTH BOXING FITNESS PURPOSE: GRANT | $25,000 |
EXCELSIOR COLLEGE PURPOSE: FUNDING FOR SCHOLARSHIPS | $50,000 |
JUNIOR ACHIVEMENT OF NENY PURPOSE: GRANT FOR JA PROGRAM GROWTH IN SCHENECTADY SCHOOL DISTRICT | $20,000 |
BELMONT POP WARNER FOOTBALL INC PURPOSE: GRANT FOR TEAM TRAVEL EXPENSES TO BOWL GAME | $20,000 |
BOYS AND GIRLS CLUB OF SCHENECTADY PURPOSE: GRANT FOR 25TH ANNIVERSARY CAMP LOVEJOY | $25,000 |
ROTTERDAM MOHONASEN CSD PURPOSE: FUNDING FOR MOHONCARES PROGRAM | $10,000 |