Janet Johnston Housenick And William D Housenick Memorial
- Assets
- $1.9m
- Revenue
- $180.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Bethlehem, PA
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 14-1986170
Organization Overview
Janet Johnston Housenick And William D Housenick Memorial, operating under the name The Housenick Foundation, is located in Bethlehem, PA. The organization was established in 2009. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housenick 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, Housenick Foundation generated $180.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $153.9k during the year ending 12/2021. While expenses have increased by 2.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION EXISTS TO MAKE GRANTS TO BETHLEHEM TOWNSHIP IN THE COUNTY OF NORTHAMPTON TO PROMOTE, PROTECT, PRESERVE, CONSERVE, MAINTAIN AND ENHANCE THE JANET JOHNSTON HOUSENICK AND WILLIAM D. HOUSENICK MEMORIAL PARK SITUATED IN BETHLEHEM TOWNSHIP, NORTHAMPTON COUNTY, PENNSYLVANIA (THE "MEMORIAL PARK") AND THE PARK LAND PREVIOUSLY GIFTED BY JANET J. HOUSENICK AND WILLIAM D. HOUSENICK DURING THEIR LIFETIMES TO THE COUNTY OF NORTHAMPTON, COMMONWEALTH OF PENNSYLVANIA FOR USE AS A PUBLIC PARK (WHICH IS REFERRED TO AS THE "COUNTY PARK"). AN ADDITIONAL PURPOSE OF THE FOUNDATION IS TO ENCOURAGE THE INTEGRATION OF THE MEMORIAL PARK AND THE COUNTY PARK IN ORDER TO ENHANCE THE BEAUTY OF THE PARKS FOR THE PUBLIC'S ENJOYMENT OF THEM. UNDER THE WILL, THE FOUNDATION'S PRINCIPAL AND INCOME MAY ALSO BE EXTENDED FOR GRANTS TO ORGANIZATIONS THAT "QUALIFY AS EXEMPT" UNDER SECTIONS 170(C), 2055(A) AND 2522(A) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, FOR THE PURPOSES OF PROMOTING, PROTECTING, PRE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AND TOWNSHIP FINALIZED AN AGREEMENT IN 2018 FOR THE FOUNDATION'S PLEDGE OF 1.30 MILLON TO FUND THE MANSION EXTERIOR RENOVATION PROJECT, PAYABLE OVER TEN YEARS. A SUBSTAINTIAL PART OF THE EXTERIOR RENOVATION WAS COMPLETED IN 2018. THE FULL SCOPE OF EXTERIOR WORK WAS COMPLETED IN 2019. IN 2019-2020 THE FOUNDATION AND THE TOWNSHIP PROCEEDED WITH SHARING THE EXPENSE TO HIRE AN ARCHITECT TO DEVELOP A PLAN FOR INTERIOR MANSION RENOVATIONS, THE COST PROJECTIONS AND POTENTIAL PUBLIC USES FOR THE FACILITIES. THE ARCHITECT'S REPORT WAS DELIVERED IN DECEMBER 2020. THE FOUNDATION PAID ITS ANNUAL PLEDGE INSTALLMENT OF 130,000 PLUS ITS HALF SHARE OF THE ARCHITECT'S INVOICE IN THE AMOUNT OF 24,750 TO THE TOWNSHIP ON DECEMBER 28, 2020. THE FOUNDATION AND TOWNSHIP HAVE ENGAGED DISCUSSIONS OF A SCHEDULE TO COMMENCE THE INTERIOR WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen G Baratta VP & Sec | OfficerTrustee | 1 | $4,500 |
William Leeson Chairman Of | OfficerTrustee | 1 | $4,500 |
Timothy J Brady VP & Treas | OfficerTrustee | 1 | $4,500 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $31,780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $149,006 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $180,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,000 |
| 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. | $13,500 |
| Compensation of current officers, directors, key employees. | $13,500 |
| 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 | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,758 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $750 |
| All other expenses | $159 |
| Total functional expenses | $153,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,265 |
| Savings and temporary cash investments | $79,267 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,630,067 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,862,599 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,862,599 |
| 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 | $1,862,599 |
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