Wormald Family Foundation Inc
- Assets
- $893.2k
- Revenue
- $136.0k
- Investments
- $545.9k
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 09/2005
- Data as of
- 05/2024
- EIN
- 20-2047616
Organization Overview
Wormald Family Foundation Inc is located in Potomac, MD. The organization was established in 2005. 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. Wormald 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.
For the year ending 05/2024, Wormald Family Foundation Inc generated $136.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $120.2k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wormald Family Foundation Inc has awarded 130 individual grants totaling $689,600. 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 |
|---|---|---|---|
Robert K Wormald Vp/treas/director | 0.1 | $0 | |
Myra E Wormald Secretary, Director | 0.1 | $0 | |
Ellen Wormald Kight President, Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $114,294 |
| Interest on Savings | $12,469 |
| Dividends & Interest | $7,334 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,902 |
| Capital Gain Net Income | $1,902 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $135,999 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $202 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $223 |
| Contributions, gifts, grants paid | $120,000 |
| Total expenses and disbursements | $120,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $347,305 |
| 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 | $893,158 |
| 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, Wormald Family Foundation Inc has awarded $120,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
40 DAYS FOR LIFE PURPOSE: GENERAL SUPPORT | $2,000 |
ALLIANCE DEFENDING FREEDOM PURPOSE: GENERAL SUPPORT | $10,000 |
AMERICAN FAMILY ASSOCIATION PURPOSE: GENERAL SUPPORT | $1,000 |
AMERICAN CENTER LAW AND JUSTICE PURPOSE: GENERAL SUPPORT | $2,000 |
CENTRAL UNION MISSION PURPOSE: GENERAL SUPPORT | $3,000 |
CHRISTIAN FREEDOM INTERNATIONAL PURPOSE: GENERAL SUPPORT | $1,000 |