George T Whalen Jr Foundation Inc
- Assets
- $868.4k
- Revenue
- $118.7k
- Investments
- $757.2k
- Employees
- 0
- Location
- Millbrook, NY
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 14-1820581
Organization Overview
George T Whalen Jr Foundation Inc is located in Millbrook, NY. The organization was established in 2000. 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. George T Whalen Jr 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, George T Whalen Jr Foundation Inc generated $118.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $81.0k during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 7 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.
Since 2016, George T Whalen Jr Foundation Inc has awarded 174 individual grants totaling $403,750. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTIONS/GRANTS PAID TO THIRTY EXEMPT ORGANIZATIONS DURING 2022
N/A
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George T Whalen Jr President | 2 | $0 | |
Catherine R Shanks Secretary | 2 | $0 | |
George T Whalen III VP And Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $26 |
| Dividends & Interest | $50,040 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,624 |
| Capital Gain Net Income | $8,624 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $118,690 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,444 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $500 |
| Total operating and administrative expenses | $5,514 |
| Contributions, gifts, grants paid | $75,500 |
| Total expenses and disbursements | $81,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,967 |
| Savings and temporary cash investments | $35,990 |
| 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 | $2,209 |
| Total assets | $868,359 |
| 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, George T Whalen Jr Foundation Inc has awarded $75,500 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AMENIA FREE LIBRARY PURPOSE: GENERAL OPERATIONS | $6,000 |
ANGELS OF LIGHT PURPOSE: GENERAL OPERATIONS | $1,000 |
CARDINAL HAYES HOME PURPOSE: GENERAL OPERATIONS | $3,000 |
CENTRAL BAPTIST CHURCH PURPOSE: GENERAL OPERATIONS | $1,000 |
CHURCH OF THE IMMACULATE CONCEPTION PURPOSE: GENERAL OPERATIONS | $4,000 |
DUTCHESS OUTREACH PURPOSE: GENERAL OPERATIONS | $1,000 |